• Business Ethics and social responsibility
Several websites /magazines/articles in Journals raise an issue “Can Profit and Business Ethics co -exists in the organization”, critically examine this statement in the light of IT industry and supplement the answer with minimum…show more content… Like in some specific situations like business applied ethics is a attempt to add ethics in real life. The type of questions under applied ethics are Is getting abortion immoral? What are human rights, how do we determine them? All type of questions under applied ethics are concerned with public policies. As answer to any ethical question is never fully “yes” or “no” hence decision is pushed in such a way that it effect society not particularly an individual.
There are fields where applied ethics are required. One such application of applied ethics is business ethics.
Business is an organization a firm a enterprise involve in trade, goods and services. It is a system which performs some functions and operations on the input provided and generate a useful and profitable output for society.
For a better and possible functioning of a business management is necessary. Management is backbone after every success or failure in/of a business.
Business ethics is a part of applied ethics. Business ethics are morals which should govern business activity. A standard or ‘code of conduct’ is designed for managers and employees to guide them and their behavior.
Some examples of ethical business practices are:
1. Fair prices of goods
2. Reasonable profit
3. Generation of safe products
4. Fair treatment of employees etc.
…show more content… But as modern theories evolved serving the society is recognized as a important and useful part of work. Organizations were/are prepared to fulfill social obligations.
The wide range of reasons for CSR are summarized in five categories. They are:
1.) Social entity
Business is creation of society it should respond to demands of society. Business uses resources which belong to society. Also they are depended on society for their profit, even for earning. Hence, it is necessary that it should follow social obligations.
A business is ethical if it is socially moral, and it does not harm the environment and belongings of society. An enterprise has to respect values of society, have to follow its norms, traditions and custom etc.
2.) Self interest
It is a long term deal to serve the demands of society. Hence people who have good environment and facilities make good employees and other stakeholders for business.
3.) Moral justification
It is a moral duty of company to serve society. As an organization depend upon society to accept the output produced. The resources used in production of result of a firm belong to society. Hence an enterprise cannot neglect