Introduction Ethics and social responsibility are very significant components of any institution. Within the business environments, the business organizations are required to carry out their activities by showing high levels of ethical behaviors as well being socially responsible in different ways. Any organization that develops strategic plans should ensure that they consider the needs of various stakeholders. In case these firms fail to comply with these required codes of conduct, then it is the stakeholders who will be mostly affected. Therefore, each and every organization has to find a way of managing ethics and social responsibility while also maintaining the agenda of the stakeholders.
The roles of Ethics and Social Responsibility …show more content…
It involved itself in bribery while operating in China. Reports showed that a few employees were told to give bribes of up to $400 to some officials of the country to make them increase the prices of some medical products that were being sold in the country, (Hirschler, 2013). Unethical conducts were observed mainly in the situation that this company charged patients who went for treatments that could save their lives. The managers of the company in China were greedy for money, and that is why they bribed the officials. The secrecy of their operations was adversely affected. Being a publicly traded company, the company should not have engaged in such high-risk activities that affected the lives of the patients. Since this was reported, the sales of the pharmaceutical products in China drastically went …show more content…
The organizations should set very active codes of ethics to govern their operations in these environments. The employees should always be put on the forefront to ensure that they create food images of these organizations. Mentorship, volunteer, works, and involvement in community matters ensure that the businesses are socially responsible to the community. Those who go past the set standards should be punished by these firms. Treviño et al. (2014), explain that every person within the organization should be held accountable for the activities that they carry out without looking at their positions in these
The roles of Ethics and Social Responsibility …show more content…
It involved itself in bribery while operating in China. Reports showed that a few employees were told to give bribes of up to $400 to some officials of the country to make them increase the prices of some medical products that were being sold in the country, (Hirschler, 2013). Unethical conducts were observed mainly in the situation that this company charged patients who went for treatments that could save their lives. The managers of the company in China were greedy for money, and that is why they bribed the officials. The secrecy of their operations was adversely affected. Being a publicly traded company, the company should not have engaged in such high-risk activities that affected the lives of the patients. Since this was reported, the sales of the pharmaceutical products in China drastically went …show more content…
The organizations should set very active codes of ethics to govern their operations in these environments. The employees should always be put on the forefront to ensure that they create food images of these organizations. Mentorship, volunteer, works, and involvement in community matters ensure that the businesses are socially responsible to the community. Those who go past the set standards should be punished by these firms. Treviño et al. (2014), explain that every person within the organization should be held accountable for the activities that they carry out without looking at their positions in these