The Pros And Cons Of Corporate Social Responsibility Essay

909 Words Jul 8th, 2016 4 Pages
THE PROS AND CONS OF CORPORATE SOCIAL RESPONSIBILITY

DEFINE BUSINESS ETHICS (BASED ON YOUR CONCEPTUALIZATION, NOT A “GOOGLE SEARCH:

In my opinion Ethics serves as an organization’s guide to conduct their business with highest integrity and highest ethical standards. While the values of an organization reflect its culture and serve to guide the employees’ daily interaction with client and colleagues, ethics provide important guidance to conduct their daily affairs. Ethics apply to everyone in the organization be it temporary employee or board of director

PROVIDE SPECIFIC EXAMPLES OF BUSINESS ETHICS (GENERAL EXAMPLES AND/OR SPECIFIC EXAMPLES OF ACTUAL COMPANIES):

1. Intellectual Property
2. Political contribution
3. Conflict of Interest
4. Confidential Information
Specific to Financial Industry

1. Money Laundering
2. Fair Dealing
3. Fraud

DEFINE CORPORATE SOCIAL RESPONSIBILITY (BASED ON YOUR CONCEPTUALIZATION, NOT A “GOOGLE SEARCH:

In my opinion, I think Corporate Social Responsibility is an extension of business ethics to the external community. Here also the company follows self-regulation into their business or operating model for the greater good for everyone involved. The companies decide to do social good that may be beyond the interest of the firm, with the goal to increase their shareholders trust and profit through positive image. Through their CSR strategies, companies focus on creating a positive impact with their key stakeholders like employees,…

Related Documents