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Business Ethics and Corporate Social Responsibility

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Business Ethics and Corporate Social Responsibility

Business Ethics and Corporate Social Responsibility
The Business Ethics and Corporate Social Responsibility (CSR) article focuses on the dilemma between business ethics and social responsibility in business organizations. Issues related to social responsibility and sustainability are becoming more important in today’s economic and social environments, especially in the business sector. The article makes the case that ethics and the corporate responsibilities are inter-related. “Business goals are inseparable from the societies and environments with in which they operate.” The author states three reasons why social responsibility and business ethics are important: 1) People want to buy from ethical businesses. Companies have to satisfy their customers and achieve their main goal of earning a profit. 2) People want to work for ethical businesses. Employees in ethical businesses are more likely to work harder for the same or sometimes less pay than their “cut-throat counterparts. 3) People want to partner with ethical businesses. Businesses partner with socially responsible and ethical businesses more frequently than other less socially responsible organizations. The article concludes that many organizations are aware of the critical need for ethics in their business culture; however, there is still room for improvement. “Progress is limited by the reality that CSR remains a purely voluntary, self-regulated movement.

References
Kulshrestha, S. S., & Padiya, Zarna. (2013). Business Ethics and Corporate Social. E-Journal of Indian Journal of Applied Research Responsibility, 3(5), 422-423. Retrieved from http://www.theglobaljournals.com/ijar/articles.php?val=MTUwNg==&b1=509&k=128 m

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