Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Had the Saints not engaged in corporate social responsibility, they likely would have abdicated a significant proportion of their market base.
Another example of corporate social responsibility is the recent campaign by Coca Cola to save polar bears, which are an endangered species. The polar bear effectively represents the mascot for the Coke brand, and so Coke has a (manufactured) affiliation with the species. By financially assisting the global effort to save polar bears, Coca Cola acts as corporate philanthropists while at the same time garnering positive publicity for their efforts. In this regard, good ethics are again equated with productive business (Burton, Goldsby, 2010).
Alternately, companies that disregard corporate social responsibility experience substantial corporate loss. For example, the Miami Marlins baseball team convinced the city of Miami to publicly fund their stadium, under the premise that they would spend ample amounts of money to field a competitive baseball team. After their stadium was funded the team spent...
The Marlins are now faced with a fan base that is hostile towards them, which will result in lower profits for the foreseeable future. Consequently, the team's poor ethics correspond with poor business profits.
Ethical practices in business are complex, as there are always businesses that engage in questionable ethics while reaping robust profits. However, sound business strategy ultimately mandates that businesses should exhibit more morally just ethics, including corporate social responsibility, in order to both benefit society and increase business profits.
References
Burton, K., Goldsby, M.G. (2010). The moral floor: A philosophical examination of the connection between ethics and business. Journal of Business Ethics, 91(1), 145-154.
Carroll, a.B., Shabana, K.M. (2010). The business case for corporate social responsibility: A review of concepts, research, and practice. International Journal of Management Reviews, 2(1), 85-105.
Ethical Practice Involves Working Positively Diversity Difference Counseling is a profession that involves associations based on principles and values ethically. Patients are able to benefit by understanding themselves better and through creating relationships with others. Through counseling, the clients are able to make positive alteration in life and enhance their living standards. Communities, organizations, couples and families are different groups of individuals are main sources of relationships (BACP Ethical Framework, 2013,
Ethical Practices Within Business BP Struggles to Resolve Sustainability Disaster Over the past 20th century and in the 21st century, ethics has neither been an option nor a luxury. It has not only become a moral or legal responsibility, but has also been an organizational priority within all sets of work groups, including both public and private institutions, organizations and companies. Ethical practices have also become the only strategy to combat the
Wit the help of these assistants, I will also ascertain that the following does not exist; implicit value judgments in questions, leading questions, context effects and so forth. Since people like to present themselves in a positive light when filling in surveys, I will stress the need for an honest response and will also assure the participants that come the end of the study and following interpretation of these
His model of leadership which he called Heroic leadership is based on four core values of self-awareness, ingenuity, heroism and love (Lowney 2003, 9). Self-awareness is considered a part of spiritual exercise that can help a person reflect on his life and gain greater understanding of his values and beliefs. For effective leadership, this kind of exercise is very important. Ingenuity is described as "the ability to innovate, to absorb
Ethical Practices in Mentoring/Coaching Ethical Practices Effective mentoring and coaching are strengthened through nine major principles. The nine principles inform and guide the mentoring and coaching practice. Ethical practice is one of the nine principles of effective mentoring and coaching, and it enhances and safeguards mentoring and coaching. When ethical principles guide and inform the practice of mentoring and coaching, the client is safeguarded. Ethical principles include faithfulness, respect for the
China The Dilemma of a Ethical Practices and Profitability of Trading with China China continues to have one of the world's strongest and most resilient economies, achieving a 10.3% Gross Domestic Product (GDP) growth rate in 2010 compared to the world average of 4.2% and the United States' 2.9%. U.S. Lawmakers continue to question the $4M in foreign aid that Congressional budgets are requesting for one of the fastest growing economies globally