Wednesday, May 6, 2020

The Ethics And Social Responsibility - 1040 Words

ETHNIC REFLECTION Vernedia Marie Tucker Dr. Govan Webster University of Little Rock, Arkansas Abstract Every individual view ethics differently. No matter how one view ethics at the end of the day ethics is a determination of an individual’s own belief of what is right or wrong. Corporate social responsibility (CSR) is defined as â€Å"the notion that corporations have an obligation to constituent group’s union contracts.† No matter how one may view ethics and social responsibility in developing a strategic plan, or considering the stakeholders needs. Ethnic Ethics are defined as â€Å"the inner guiding moral principles, values, and beliefs use to analyze or interpret a situation and then decide what is the right or appropriate way to behave† . In other words, ethics represent the way people should act. When a person behaves ethically, they follow the rules of conduct that respects the rights of a particular group or individual, distinguishing between right and wrong. In regards to business, ethics has a say in the decisions managers make since these decisions will affect the overall success of the organization. It is important for management and companies to behave ethically. â€Å"When making business decisions, the claims of all stakeholders have to be considered.† A company’s stance on social responsibility is the way itsShow MoreRelatedEthics And Social Responsibility859 Words   |  3 Pagesï » ¿Ethics and social responsibility 1. Introduction The contemporaneous business environment is more dynamic and more competitive than ever, reflecting a wide array of changes and challenges emerged from within the micro and the macro environments. An important example at this level is represented by the increasing pressures posed by the various categories of stakeholders. 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