Benefits of Ethics and Corporate Social Responsibility
In today’s corporate world of doing business, it is now an established fact having quality business ethics practice will contribute immensely to the success of an organization. Quality business ethics mostly lay more emphases on examining and probing the conduct and policies at both individual and organizational levels. Giving rise to the way organizations do business, because more companies, firms, organizations and individuals are noticing the huge benefits of having good business ethics and CSR.
Numerous organizations have these days understood that there is a relationship between business ethics, CSR and how well an organization performs financially. These are primarily some of the …show more content…
Some concentrate more on giving to nonprofit organizations a percentage of the organizations earnings, while others focus on giving away a product or service to a well-meaning customer or individual that desires it, for every sale made. Below are a few examples of the CSR that companies are practicing:
Environmental Sustainability: The carbon emission level is high as stipulated by the Environmental Regulatory Agency (EPA), initiating the urge by some organizations and firms to focus their drive on ways to implement their CSR. These can be done by reducing the amount of carbon footprint. No matter how big or small an organization is, they still have some amount of carbon they emit into the environment. Therefore any moves or steps by corporate organizations to reduce the amount of carbon been emitted, are good ethical behavior that is both beneficial to the company and the society in …show more content…
According to William Clay Ford Jr. “the absolute difference between a good and great organization is; A good organization always delivers on its quality services and products in an excellent fashion, while a great organization would always delivers its quality services and products in an excellent way but would also make sure they make the world a better place and not degrade the environment with their operations”.
Every organization should always strive to avoid unnecessary scandals that would rock the base of their ethics, integrity and values, because this can erode the public trust and confidence away from such company. That is why the International Organizations for Standards (ISO) in attempt to curtail such incidences, developed a comprehensive guidelines for CSR. CSR as we already know serves the best interest of an organization, and the public in a balance way by addressing the economic, social and environmental issues, in a manner that is of benefit to all parties
In today’s corporate world of doing business, it is now an established fact having quality business ethics practice will contribute immensely to the success of an organization. Quality business ethics mostly lay more emphases on examining and probing the conduct and policies at both individual and organizational levels. Giving rise to the way organizations do business, because more companies, firms, organizations and individuals are noticing the huge benefits of having good business ethics and CSR.
Numerous organizations have these days understood that there is a relationship between business ethics, CSR and how well an organization performs financially. These are primarily some of the …show more content…
Some concentrate more on giving to nonprofit organizations a percentage of the organizations earnings, while others focus on giving away a product or service to a well-meaning customer or individual that desires it, for every sale made. Below are a few examples of the CSR that companies are practicing:
Environmental Sustainability: The carbon emission level is high as stipulated by the Environmental Regulatory Agency (EPA), initiating the urge by some organizations and firms to focus their drive on ways to implement their CSR. These can be done by reducing the amount of carbon footprint. No matter how big or small an organization is, they still have some amount of carbon they emit into the environment. Therefore any moves or steps by corporate organizations to reduce the amount of carbon been emitted, are good ethical behavior that is both beneficial to the company and the society in …show more content…
According to William Clay Ford Jr. “the absolute difference between a good and great organization is; A good organization always delivers on its quality services and products in an excellent fashion, while a great organization would always delivers its quality services and products in an excellent way but would also make sure they make the world a better place and not degrade the environment with their operations”.
Every organization should always strive to avoid unnecessary scandals that would rock the base of their ethics, integrity and values, because this can erode the public trust and confidence away from such company. That is why the International Organizations for Standards (ISO) in attempt to curtail such incidences, developed a comprehensive guidelines for CSR. CSR as we already know serves the best interest of an organization, and the public in a balance way by addressing the economic, social and environmental issues, in a manner that is of benefit to all parties