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.
Social responsibility in this context exemplifies the ethical principles of beneficence, justice, and non-malfeasance. More specifically, examples of beneficent corporate responsibility would be the use of corporate profits to return a benefit back to the community from where those profits were made, such as through financial support of education and social services in the community (Stevens, 2008).
Examples of justice and non-malfeasance would include purposeful decisions to avoid profitable policies and procedures that are perfectly legal but that are also associated with greater harm to the community than policies and procedures that are somewhat less profitable but safer for the community (Halbert & Ingulli, 2008). Typical examples of corporate beneficence would include the use of company profits to fund welfare organizations, to promote education and health in the community, and to provide scholarships to disadvantaged youth in the local community (Halbert & Ingulli, 2008).
More global examples of corporate beneficence would include donating relief funds to foreign countries (Svensson & Wood, 2008). In the contemporary environment of modern business practices, the ethical principles of beneficence, justice, and non-malfeasance often apply jointly to the use of foreign labor. Specifically, during the latter decades of the 20th century, many American and other Western business organizations began outsourcing their factory work to foreign nations to capitalize on the much cheaper working wages in those countries. Numerous highly-publicized ethical violations came to light...
In principle, farming out labor to those nations to profit from the fact that children (and low-wage workers more generally) are exploited in a manner that has been expressly prohibited by law for generations in their home nations violates the ethical responsibility of beneficence, justice, and non-malfeasance. The same is true of corporate usurpation of local resources in foreign lands without compensation to the communities dependent on those resources.
References
Halbert, T. And Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati: West Legal Studies.
Hursthouse, R. (2005). On Virtue Ethics. Oxford: Oxford University Press.
Mihaly, M. "Moral Theory: The Fundamentals." Ethics & Behavior Vol. 17, No. 4;
Ironically, the single most important thing a university could do might be to suspend all forms of grading by the traditional test methods. Even without cheating, the focus on grades only encourages studying to perform on test instead of learning for the sake of learning. It might not be practical for large classes, but one-on-one oral exams between students and professors or TAs might be more difficult to cheat on
Business Ethics Page | Coastal Uniforms Robert Garret, CEO Board Members Management Planning, decisions and policies. I, thank Coastal Uniform for giving opportunity to offer our consultancy service and hope that the efforts made to analyze and scrutinize the case will be productive for your company. The major outcomes of the analysis are summarized below and comprehensive report is enclosed. Major Issues to be Addressed Coastal Uniform was doing pretty well in the pre 1999s era,
Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new Financial Divorce Software F F1 F2 F3 G1 G1(a) G1(b) G1(c) Business Identification Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Service Market Analysis Target Market Industry Analysis Competitive Analysis Market Strategy Ps of Marketing Price List Selling Strategy Sales Forecast Implementation Strategy Overall Strategy Implementation Control Plan Financial Statements and Projections Revenue and Cost Estimate Forecasted Profit and Loss Statement Forecasted Balance Sheet Financial
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
Coyne (ISO, 2007). Under Mr. Coyne's direction, ISO maintains a regular cycle of community relations events with charitable themes emphasizing the corporate focus of benefiting the community. ISO also provides varied opportunities for employees to incorporate their families into ISO functions as well as recreational activities designed to promote good employee relations. At ISO, periodic progress reviews and regular feedback from supervisors allows employees to maximize their career potential by
In the modern business environment, communications policies also pertains to electronic transfer and storage of business information and correspondence. Likewise, communication policies dictate the rules differentiating permissible and impermissible uses of communications equipment for personal use as well as the privacy rights (if any) permitted employees on company time and equipment. Finally, communications policies also outline the expected protocols for business communications between co-workers, particularly with respect to the