University of Phoenix
Facilitator: Joyce Cusack
January 4, 2011
In this paper, I will have researched the role of ethics and social responsibility in businesses today, give at least 3 expert opinions on the topic, explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas, identify one example of a company role model for social responsible business practices that provide specifics to support my opinion, identify one example of a company overstepping boundaries for stakeholder agendas and I will develop an opinion on what types of preventative measures could be taken to avoid ...view middle of the document...
Social responsibility and business ethics are often regarding as the same concepts. However, the social responsibility movement is but one aspect of the overall discipline of business ethics. The social responsibility movement arose particularly during the 1960s with increased public consciousness about the role of business in helping to cultivate and maintain highly ethical practices in society and particularly in the natural environment. It is all about caring enough to make a difference. Even if you are part of a company, each of the employees has their own part in contributing to the company social responsibility. It does not work if only one half contributes and the other half does not. It does not work that way. This is the reason why orientations are held at the start of the employee's career to a company. The company already instills its vision, mission and what the company works for. It becomes their way of life.
It is impossible to find a company that does not have any company social responsibility. It is their way of giving back to the community. It is also a good way to promote the company. The people hear about what the company does to the people who are in need and they get inquisitive enough and probably even buy the products or cater to the services of the company. In addition, it is their way of making a difference and up till now the difference also affects them in a positive way. It is a great advertising tool that does not cost much.
There are several principles of social responsibility, which include community, diversity, environment, ethics, financial responsibility, human rights and safety. If a company is only interested in profits, it may decrease the quality of working conditions of its employees in order to economize, to eliminate all social programs, which are not mandatory according to the law, but desirable according to the principles of social responsibility. In this case a company will fail to address cultural diversity; it will pollute the environment unless it is not prohibited according to the law; or neglect safety regulations. Management of the company will only concentrate on increasing the...