Business ethics is when a company takes responsibility for their actions by doing what is right. Ethics and social responsibility are fundamental to an organization. ... Legal responsibilities are rules and regulations that have been established by governmental bodies that are mandatory to remain incompliance with local and federal laws. I believe it is important for the agency I work for to practice proper ethics and social responsibility. Ethics and social responsibility are a necessity to any strategic management plan.. ...

• Word Count: 664
• Approx Pages: 3
• Has Bibliography
• Grade Level: Undergraduate

Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. ... From a legal and ethical standpoint, both the testers and the writers of the reports were merely acting as agents on direct orders from a superior. ... From a business law perspective this is the ideal case since a corporation is defined as being a separate legal entity. ...

• Word Count: 2249
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Due to their popularity and how dependent the world is on them, the banana industry can cause an array of economic, social, environmental, political, and legal issues. ... This paper will examine other aspects of Chiquita's practices and take a closer look at the topic of ethics in the workplace. ... Chiquita's ethics summary states: "Chiquita is committed to conducting business ethically and in compliance with the letter and spirit of the law. ... These values embody who we are and what we do" (Ethics & Code of Conduct). ... Even if the product is of the highest quality, ...

• Word Count: 2266
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

Legal Responsibility Legal responsibility defines the boundaries that businesses are expected to fulfill their economic goals within the legal frame work. ... Discretionary Responsibility Discretionary responsibility refers to behaviours that go beyond the economics, law and ethics in order to make social contribution. ... Ethical decisions made by management are also known as Managerial ethics. ... Corporate must, of course, concern legal responsibility while all economic goals and procedures are expected to be carried out within the legitimate region. ... This is a legal example of a ...

• Word Count: 1287
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

In their book, "Business and Society", Carroll and Buchholtz give this definition of CSR that is broken down into four components, "The social responsibility of business encompasses the economic, legal, ethical, and discretionary (philanthropic) expectations that society has of organizations at a given point in time."(Carroll p.36) The economic and legal types of responsibility are required of businesses by society. ... Smaller firms may feel the pressure of competition from larger firms to provide CSR to their communities, but being a small organization they may easily give up and focus their...

• Word Count: 1594
• Approx Pages: 6
• Grade Level: Undergraduate

The first is social obligation, in which companies only respond at the legal requirements. ... The first dimension of corporate social responsibility deals with motivation for socially responsible activities, mainly economic, legal, discretional and ethical activities. ... A recent analyses performed by DePaul University found that companies found in the Business Ethics Best Citizen performed ten percentile points higher than the mean ranking of the rest of the companies in the S & P 500 Index. (BSR) "Companies with a public commitment to ethics perform better on three out of four financi...

• Word Count: 1746
• Approx Pages: 7
• Grade Level: Undergraduate

As a manager at Pfizer, I have to develop certain ethics. ... These radar screens include the customer environment, competitor environment, economic environment, technological environment, social environment, political environment, legal environment, and geophysical environment. ... People will be taught through special "ethics programs" and in service seminars that the 'right' thing to do or the ethical thing to do will benefit the firm greatly even though it may not maximize shareholder returns or profits. ... The legal environment includes patents, copyrights, tradema...

• Word Count: 3015
• Approx Pages: 12
• Grade Level: Undergraduate

In such a situation, it becomes the responsibility of the government to provide an effective legally structured environment for corporates. ... Conclusion Higher profits, pleasing balance sheets, greater performance, nothing shall be effective or sustain a company for a long time if governance and ethics take a back seat. ...

• Word Count: 1427
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

Utilitarianism is also the opposite of deontological ethics, which state that actions can only be criticized if they are done with duty or good intention essentially, man is not used as a means to an end and that the action does not violate the side-constraint. ... There are certain legal provisions where companies have to concentrate and care on social problems. ...

• Word Count: 1947
• Approx Pages: 8
• Grade Level: Undergraduate