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Ethics and social responsibility for the companies
Business social responsibility and ethics
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More handpicked essays just for you.
Ethics and social responsibility for the companies
Business social responsibility and ethics
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Recommended: Ethics and social responsibility for the companies
(p25) Volkswagen, much like an athlete who has had a bad season, will be re-evaluated. Their clean-cut image of being a socially responsible company has now been tarnished much like Tiger woods when he committed marital infidelity. Tiger woods was the star of the golf world, just like how Volkswagen was the star of the car world, which is why it was just a matter of time before they were caught. This is why the value of Volkswagen cars will dramatically
Written Assignment Unit 3 Name Withheld University of the People BUS 3306-01 Business and Society Mr. Mohd Asad Siddiqui, Instructor Visual Capitalist’s list of America’s Most Responsible Companies in 2021 is where I began to select a company that is committed to the creation of long-term wealth and sustainability as well as preserving and expanding the resources available to it, whether human, social, or natural (Note: I despise the term ‘human capital’, and this is the only time I will use it). The list of 20 companies showed some of the normally expected: HP, Dell, Cisco, and others which surprised me. One of these companies was General Motors. As the only automobile manufacturer on the list, I found this interesting.
According to Holstein (2009), “within divisions there were separate fiefdoms, which managers guarded against meddling from headquarters” (p. 5). GM was the first to use public-opinion research and the data of the time indicated that the consumers wanted comfort and vehicle performance, but would not pay for safety. As a result, Sloan refused to make his corporation responsible for the safety of its workers or its customers, what mattered was profit and loses. This unethical decision put profits before human lives, where were the core values? Additionally, Sloan fought against unionization of his workers, and government regulation of GM’s factories based on his belief that a good Christian will treat their worker well and pay them fairly.
Introduction In this extended essay, I will try to answer the research question “To what extent is Corporate Social Responsibility part of Arm Makers Companies? An assessment and evaluation of Raytheon’s and Northrop Grumman’s Business ethics”. Weapon companies face the issue of being socially responsible as it is a global matter. I will be mainly focusing on two companies; Raytheon and Northrop Grumman.
In 1970 Friedman wrote an article in The New York Times Magazine, where he says he believes the social responsibility of a business is to increase its profits. In this essay I hope to give my opinion on this issue and discuss examples we can see today
Summary Leadership in all professions has responsibility to serve all stakeholders, including employees and consumers. Mr. Dunn’s analysis provided supporting evidence that VW neither followed their own code of ethics or the law and followed a distorted worldview. Although, engineers had culpability, the climate created at VW, by the highest executives, according to evidence analyzed, was a causative and responsible factor in the actions
Priestley wrote “An Inspector Calls” in 1945, when two dominant superpowers, representing the conflicting ideologies of capitalism and socialism, emerged victorious at the end of the Second World War. The play focuses on the conflict of interest between capitalism and socialism: social responsibility. Birling is symbolic of self-interested capitalism, an ideology that completely rejects all forms of social responsibility: ‘a man has to mind his own business and look after himself and his own’. Inspector Goole is a mouthpiece for Priestley's authorial voice, insisting that social responsibilities be acknowledged: ‘We are responsible for each other’. Priestley portrays the capitalist, Birling, as the foolish antagonist of the play and the socialist,
Claims have been made that suggest Ford’s decisions in the Pinto brought about a lot of positive benefits to society at large such as providing a car almost anyone could afford and stimulating the domestic economy amidst a time of massive quantities of competitive foreign imports. People who make this argument are appealing to the ethical principle of beneficence which states companies have an ethical moral obligation to affect society in a positive way [3]. Even if the long-term effect of the Pinto offered some benefits, Ford still violated the principle of beneficence. The principle of beneficence also states that companies have an ethical obligation to take away existing harm similar to the principle of non-maleficence. As we know Ford made no efforts to take away the existing harms in their products which they were well aware of.
Back to Sustainability RELATED STORIES 20% of GM’s global electricity use will be powered by renewable energy As part of an ongoing commitment to operate with clean energy, General Motors is buying a total of 200 megawatts of wind energy from… Read More gm_logo_16x9 Two Dow Jones Indices List General Motors for Sustainability Leadership The Dow Jones Sustainability Indices include General Motors (NYSE: GM), citing its corporate sustainability leadership in the automotive industry.... Read More General Motors 2016 Sustainability Report Highlights from GM’s Latest Sustainability Report General Motors’ sustainability approach enables the company to serve its customers and shareholders, increase operational efficiency, mitigate risk...
In Roger and Me, Michael Moore argues that it is unethical for the General Motors manufacturer in Michigan to disregard its social responsibility as a company. Notably, Michigan was the birth place of the car-manufacturing company. This means that it was its sole social responsibility to ensure that the people in the region were employed and they had sustainable income (Crane & Dirk 12). However, the situation was contrary to this situation. It can be argued that the CEO Roger Smith was applying a utilitarian and hedonic type of leadership (Crane & Dirk 24).
Such company responsibility efforts profit stakeholders, whereas additionally boosting the company’s corporate and whole image. Investing in socially accountable stocks could be a fashionable strategy these days that aims to search out firms with a balance between solid money returns and social smart. Tesla Motors fits this description, it's laborious to beat Tesla once it involves investment in socially accountable firms. The California-based automotive company manufactures and sells nearly zero-emissions cars, that cause less hurt to the surroundings than gas-powered vehicles, thereby creating it a "socially responsible" company. Tesla's chief Elon Musk, started the energy unit maker with one goal in mind to assist finish the world's dependence on oil.
The selected corporation is the Volkswagen, a German car manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The Volkswagen’s corporate website is http://www.vw.com/. According to the International Ethical Business Registry, there has been a dramatic increase in the ethical expectations of businesses and professions over the past ten years. Increasingly, customers, clients and employees are deliberately seeking out those who define the basic ground rules of their operations on a day to day. Volkswagen is no different, hence it created its own code of ethics in order to improve the company’s operation all over the world.
(Chandler, 2013) Customers have greater access to products so they can choose between, for example, a cheap more polluting car and a more expensive non-polluting car. Also, there is more competition so Tesla needs to distinguish itself from other companies by focusing on CSR. An emerging force that may reshape CSR in the future might be climate change. In order to diminish climate change as much as possible, corporate social responisibility is very important.
Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
As such a prestigious company, I expected Volkswagen to act with more respect to the well being of their employees, customers, and the rest of the world. They have soiled their good name and it seems almost impossible for Volkswagen to re-establish themselves as the trustworthy, honest, and reliable company they once were. If I was the Chief Executive Officer of VW, I would have done differently by using Utilitarianism and my personal core