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Business Ethics: Study Guide

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Title Name Course Date Ethics in organizations are moral values that direct the way a business does. Behaving morally comprises differentiating between right and incorrect and then getting the correct choice. In a corporation, it is comfortable to recognize unethical business practices. Corporations engaging in corruption and bribery are unlawful. When a corporation engages in immoral conduct, various means exist, in bringing social pressure on them and this includes boycotting, petitions, campaigns, etc. The corporation is to establish a viable return for its investors and trade with its staff justly. Corporate ensure that they downplay the damage on the environment and working to safeguard the surrounding communities be incorporating social …show more content…

Profit motivated theories hold that corporate social obligation is to increase stockholder value. Power motivated theories perceive that since corporations enjoy social power in society, they induce to be responsible to society. Socially motivated theories say that since the existence, continuity and growth of business depend on society, business must consider and fulfil social demands. Ethical motivated corporate social responsibility theories concentrate on ethical principles that determine the link between business and society. Even when a company has a morally based corporate culture and structure, the success of these are depended upon the managers and employees because corporations are moral agents; however, individuals are the real constitutive elements of corporations because only individuals can act and corporations cannot act. Most company suggested that we need more powerful individual centered corporate social responsibility theories rather than corporate centered social responsible theories. And corporate social responsibility is more the matter of both corporate ethical culture and structure and individual responsibility of managers and employees because individuals are the real decision makers of corporations in conflicting situations. Therefore personal integrity managers and employees have the relevant space in corporate social responsibility theories along with moral corporate culture and

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