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Ethical Obligation

Essay by   •  April 19, 2012  •  Essay  •  794 Words (4 Pages)  •  1,609 Views

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I have decided to choose Ethical Obligation to engage with social corporate social responsibility. Ethical obligation is of utmost importance within the social corporate responsibility as ethics refer to values, beliefs and principles that describe what is ethically correct and what is ethically incorrect. Social responsibility is any notion that concerns how business managers/leaders should be able to handle public policy and social issues. Ethical obligations are used to make decisions that allow organisations to ensure involvement within the corporation. We will focus on these factors that influence ethics within corporate social responsibilities.

Alsmadi (2010) states "The modern philosophy of business is viewed from three related angles: Profit for owners; satisfaction for customers; and society interests". This brings up the issue and talks about the ethical obligation within corporate social responsibility and what managers and an organisation need to address in order to better understand complicated issues within ethics. Good leaders or managers do their best to create a better organisation through implementing techniques and methods to create a more ethical organisation.

Sloan and Gavin (2010) state "The ethical adequacy of responses to all business issues rests on judgments made by individuals". Richardson (2007) states "Sustainability, as the crucial policy goal, entails the viability of natural systems, societal and ethical issues". These two quotes address issues in long term sustainability to the ethical obligation of organisations lies on the individuals and ways in which the individuals and managers conduct themselves. These individuals and managers must be able to establish ethical practices, to process functions of businesses practices, and form cultures that build ethical capability and commitment to the target of the organisation.

Corporate social responsibility follows a policy where it ensures its active agreement with ethical standards and obligations. Ethical obligations have a major impact on organisations. This impact revolves around the process where moral rules must be followed and ethical problems may arise in a business environment. A process is structured to deal with issues that may arise. It is within corporate social responsibility that an organisation trains staff to make ethical decisions, discussing with them what is ethically right and wrong. The best benefit of this is reducing problems that may arise, avoiding fines, damaging reputation and breaking the law.

Ethical obligations are an important factor in the function of businesses and organisation, especially in today's global economy. Ethical obligation acts as a principle or standard for which organisation and companies need to adhere to and abide by. Wal-Mart, the world's biggest retailer, is such one example. Ethical obligation within Wal-Mart includes

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