Social Comparative Business Responsibility -Myassignmenthelp.Com

Question: Discuss About The Social Comparative Business Responsibility? Answer: Introduction The lecture constitutes the factors that are necessary in the comparative business ethics and social responsibility. Business ethics and social responsibility is important in all the sectors. This is something, which every organization should maintain. Every organization deals with the aspects that are necessary for human beings and therefore the well-being of every individual should be kept in mind by the organizations. There are certain factors that should be checked in order to maintain the ethics in the organization. The first and foremost factor is honesty and fairness. Every organization should be honest and fair. Many organizations hide certain harmful factors from the common people. For example, the organizations who promise the clients to offer the best service but in reality, they are far behind that. Therefore, honesty and fairness should be maintained by every organization. The other aspect is deceptive advertising. The organizations sometimes conduct false advertisement of their products in order to mislead their customers. These advertisements are harmful for the customers. They attract the customers by providing wrong information. This is the reason they turn out to be misleading advertisements. This is an unethical practice and should be avoided. Apart from this, the other aspects are price fixing. The rival companies come to a contract of not selling the goods below a certain price. This sometimes causes inconvenience to the customers. This is against the business ethics and therefore should be controlled. Apart from this, the other factor is the restrictive trade practices. The restrictive trade practices are not a legal method. This is the manipulation of the price or the conditions of delivery. The other factor necessary that should be checked is the product misinterpretation and liability. This refers to the false advertisement of the product b y the salesperson. This is the over promotion of the products by the salesperson. This include the misguiding the customers. This shows the products without any risk and this include the misguiding the customers. The organization in that case should take the liability of the customers and the worst effects that the customers can face. Billing issues are other factor, which is sometimes seen in many organizations. The customers are provided with wrong bills which is an illegal and unethical act. However, these factors should be controlled in order to establish a legal and ethical practice in an organization. This can include the processes to control the illegal acts and should implement strategies for the development of the programs that would help in the ethical practice and the maintenance of the legal responsibility. The profit earned by the organization comes to the forefront in this case. The organization must focus more on the ethics than the profit. Each one of us must prioritize the ethics more than the profit. Lecture 2 consists of the importance of ethics. It is important to recognize the way ethics and the social responsibility have evolved over time. From the 1960s to 2000s it has seen many issues like the theft of the property, selling of the cigarettes, international corruption, cybercrime, fraud and financial mismanagement and similar acts. This enables the gaining of awareness of the positive impacts that come from adopting the ethical behavior. The ethics is something that a person attains from his birth. This cannot be guided by any kind of principles and standards that guide behavior. Any rules or laws do not bind this. A person can be the judge of his own actions. I have experienced an incident where my neighbor threw garbage of his in front of my house. In that case, nobody would punish him for doing such but he should have had that ethics in him of not throwing the garbage in front of my house. My neighbor should have had that ethics in him of not throwing the garbage in front others house. The values cannot be taught to any person who does not have it. A person himself has to judge his own action and values. The standards of living in a healthy way cannot be taught to any person. In business there are many stakeholders who are required to be ethical and they should have social responsibility towards the business organization and the society. The investors and the staffs should maintain the internal ethics. The investors can maintain the business ethics by knowing all the norms that are related to the business. The organization must provide them with all correct information. The staffs of the organization should have a responsibility towards the organization. There was an instance where in an office there was a staff and he used to come late very often. This was the practice of unethical practice on his part. He was trying to escape the complete working hours. He should have realized that he had some social responsibility towards the company and therefor e he should have worked in the complete office hour and not escape from his work. The external stakeholders of an organization who should maintain the ethics are the distributors and consumers. The mining sectors are the most important example in the present world where the environmental aspects are kept in mind. The social media is also found to be active in maintaining the ethics where the community every aspect of community is taken seriously. The best example in this case is the issue of global warming. The use of chemicals and the harmful minerals are unethical as this gives rise to pollution and the green house gases. However, this should be the concern of every individual and the individuals should take care of it. Some actions have no legal implications but this needs to be considered and revised. This particular video gave a view of the types of the stakeholders. The social responsibility and the corporate citizenship are interlinked and they have a relationship between them. From the video, this can be stated that all the sections of an organization have the corporate responsibility towards the society. There is a difference of responsibility of the shareholders and the stakeholders. The shareholders are not responsible for the good of all but on the other hand; the stakeholders are responsible for the economic action, the legal actions and the philanthropic actions. The shareholders are responsible to the society and the customers. They want to give the society back whatever they get from the organization. This is the reason the ethics is important in any organization and in society. Ethical issues are the topic that is discussed in the video. The ethical issues often arise in any organizations. They should be resolved as soon as possible. The ethical issues can be of many types. It is a common phenomenon in every organization. Every employee should realize that the ethical issues should be solved for a smooth function of the organization. The cause of the issue is sometimes the staffs and sometimes it is the people belonging to the management. The most common issue that has been observed in many cases is the issue of bribery and the issue of sexual harassment. I had a personal experience when I used to work in an organization and I suffered from sexual harassment. The male staff sexually harassed me and finally I lodged complaint against the staff. There was another instance where an officer of our company was caught taking bribes from a staff for promotion. However laws have become quite strict now and actions are taken against this kind of ethical issues. This video concentrates on the institutionalization of business ethics. The video states the importance of ethics in business organization. It is related to organizational commitments and the orientation of ethical culture. The policy of every company should be to form an ethical standard and every member of the organization should follow this religiously. Ethics should be a daily part of the organization. Ethics itself should be treated as an institution in every organization. This should be included in every level of organization. For example, in every organization, the human resource department looks into the ethical matters but even the individuals of the human resource department should maintain the ethics. The management should maintain ethics with the staffs, with the investors, with the stakeholders and with the shareholders. The power of taking the right and wrong decision is included in the ethical standards. Keeping the commitment of doing the right things are the most vit al thing that every organization should religiously follow. This can be concluded with an example where an instance can be imagined in which the investors were promised with the up to date information about the company if in such case the management purposely does not provide the information to the investors, this situation would turn to be unethical. Therefore, ethics is a necessary part of every business organization. References Bolton, R., Stacks, D.W. and Mizrachi, E. eds., 2018. The New Era of the CCO: The Essential Role of Communication in a Volatile World. Business Expert Press. Chun, R., 2017. Organizational virtue and performance: An empirical study of customers and employees. Journal of Business Ethics, 146(4), pp.869-881. Cooper, R.W., Clapham, S.E., Frank, G.L. and Kemp, R.A., 2015. Ethical Issues for Supply Managers: Then and Now?. Journal of Business and Behavior Sciences, 27(1), p.54. 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