An analysis of the ethical issue and the social responsibility of business

Ethical issues and social responsibility

Marketing ethics Marketing ethics came of age only as late as the s. Eudiamonistic utilitarianism defines 'good' as happiness. In more developed countries, a multinational corporation may contribute to neighborhood beautification projects or purchase supplies for local schools.

The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A business cannot have responsibilities. I need some assistance with a paper that talk's about a factual situation described in the article attached and the ethical issue s and social responsibility presented.

Large corporations have huge reserves of human and financial capital. This may involve such things as philanthropic support of programs benefiting a community or the nation. Moral statements are about empirical facts, e. Last summer, The News reported on the role drug companies played in funding a controversial state psychiatric drug list for children and for adults.

Respecting Human Rights American companies have a responsibility to ensure the safety, health and well-being of their workers, no matter where their workers are employed. Mirroring a national trend, two state lawmakers have filed bills to require drug manufacturers to report all payments to Texas health-care providers -- including consulting fees and honoraria, gifts and travel perks.

Coporate social responsibility (CSR)

I also need to identify any other ethical issues that one might suspect would apply to the situation but that are not reported. These rules are valid no matter what the consequences.

Thus any alleged property rights that conflict with this moral basis—like the "right" to own slaves—are invalidated.

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The facts that underlie ethical statements are moral facts, e. So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible?

Social Responsibility and Ethics

Rodney Ellis, the Houston Democrat who filed the other Texas bill. Spousal abuse is immoral. The questions are examples of discussion points, and obviously can be altered depending on the subject of the PEST analysis, and how you want to use it.

Bills seek disclosure of pharmaceutical companies' payments to doctors The doctrine that the good is that which works both to increase personal satisfaction and to resolve group tensions. Moral statements are about the satisfaction of human interests, e. Whether the factual statements are true? This can be a difficult challenge for managers, who are trained to put economic profit first and foremost in their minds.

Moral statements are a guide to behavior, e. For instance, John Locke justified property rights saying that God had made "the earth, and all inferior creatures, [in] common to all men".

CORPORATE SOCIAL RESPONSIBILITY

Legislative factors would normally be covered under the Political heading since they will generally be politically motivated. One of the drug companies is the subject of a state lawsuit.

Abusive Behavior A common ethical issue among employees. Education, Nationality, and Age are other individual factors focus of control that relates to individual differences in relation to a generalized belief about how one is affected by internal versus external events or reinforcements.

Teological theories in which an act's consequences are the sole factors that determine the act's moral correctness.

According to this view, the self-interested actions of millions of participants in free markets will, from a utilitarian perspective, lead to positive outcomes for society. Taney in his judgment stated, "The right of property in a slave is distinctly and expressly affirmed in the Constitution".

The viewpoint expressed by Adam Smith over years ago still forms the basis for free-market economies in the twenty-first century. This type of philosophy justified cutthroat, even brutal, competitive strategies and did not allow for much concern about the impact of the successful corporation on employees, the community, or the larger society.

BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

The shape and simplicity of a four-part model is also somehow more strategically appealing and easier to manipulate and convey. The difference between a general moral principle and a particular moral judgment is their relative scope.

Library's Business Ethics Blog About Ethics, Principles and Moral Values See a video about managing ethical and legal risks and boundaries, and what to do if you encounter ethical or legal issues.

Most ethical dilemmas in the workplace are not simply a matter of "Should Bob steal from Jack? How long ago was it? If you have acquired the information legitimately say, by buying a bookthen on what grounds can you be prevented from using it, reproducing it, trading it?

You cannot own information without owning other people". Bob Deuell, a Greenville Republican who works as a primary-care physician, said that although he isn't on a drug company's payroll, he doesn't see anything wrong with doctors who are paid for their services.Maintaining an ethical status is the responsibility of the manager of the business.

According to the Journal of Business Ethics "Managing ethical behavior is one of the most pervasive and complex problems facing business organizations today". History. Business ethics reflect the norms of each historical period.

· The modern ethical perspective in business underlines the issue of building a new organizational culture oriented towards following the The result of the interdependency of organizational culture, social responsibility and ethical behavior in business would turn into a long term competitive advantage for companies.

Therefore, this paper has fmgm2018.com By Richard H. Hersh and Carol Geary Schneider Higher education must do more to emphasize the development of personal and social responsibility as core outcomes of a liberal education, and robust assessments of these outcomes must be developed.

The time is right for a visible national effort to advance these goals. · the social responsibility of banks requires the increased professionalism of those who work in the financial sector, a stronger focus on ethical codes, personnel skills verification, and other approaches such as transparency, a focus on fmgm2018.com Ethical Issue Intensity is the importance of an ethical issue or perceived as relevance to an individual, to a work group or an organization.

It reflects the ethical sensitivity of the individual or work group as well as ethical decision fmgm2018.com /business-ethics-and-social-responsibility.

The following paper will discuss the ethical issues associated with the Ethical Dilemma Case Analysis obtained from the University of Phoenix. The case reveals a female client that has had a previous counseling experiences that has left her severely distraught and fmgm2018.com://fmgm2018.com

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An analysis of the ethical issue and the social responsibility of business
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