As mentioned on page 80, the four stances are; obstructionist, defensive, accommodative or proactive. There are four stances companies have taken in relation to social responsibility.
Moreover, its allegedly unethical business practices in developing countries led to its becoming one of the most boycotted companies in the world. However, the company came in for severe criticism from activists and environmental experts who charged it with depleting groundwater resources in the areas in which its bottling plants were located, thereby affecting the livelihood of poor farmers, dumping toxic and hazardous waste materials near its bottling facilities, and discharging waste water into the agricultural lands of farmers.
The following confrontation led to the deaths of nine workers and three detectives. These efforts reflect in its day to day activities. This means we have a year-on-year program of focused action to drive improvement. Tesco is of the view that it has a major role to play in promoting health food among its customers and strives to make health food available at affordable prices.
One of the earliest examples of the obstructionist approach in the United States was the handling of the Homestead Strike of Ethics affects individuals or groups within the workplace, whereas "social responsibility refers to the overall route in which a company decides to balance its involvement with employees, stake holders and the environment" R.
CSR Approach and Initiatives Tesco can influence society at large owing to its size and scale of operations and it does so by encouraging its employees and customers to become more socially responsible.
Ethics and social responsibility go hand in hand. These components must ship on time, or the parts manufacturer risks losing a lucrative contract. The board and the executives receive quarterly updates on CSR performance, using which future risks and opportunities are evaluated… 2.
Coca-Cola planned to become water neutral in India by as part of its global strategy of achieving water neutrality. Firms display business ethics in several ways. The chapter also focuses on the social responsibility an organization holds in relation to everyday decision making.
The survey concluded that possibly an uncertain economic climate led to less risk-taking in for-profit businesses leading more managers and executives to act more ethically.
The quality-control department can ship the parts, hoping that not all of them are defective, or delay the shipment and test everything. For example, a portfolio manager must give the same consideration to the portfolios of family members and small individual investors. In the edition, respondents saw an all-time low in unethical behavior.
However, criticism against the company refused to die down. Coca-Cola India being one of the largest beverage companies in India, realized that CSR had to be an integral part of its corporate agenda.
Instead of trying to come to a mutually beneficial agreement, management choose to hire a private army to quell the strike. A special focus is given to recycling, use of organics, use of energy and water, as well as its charity and community initiatives. These include charity, fund raising for a cause and promoting education.
Business ethics goes beyond just a moral code of right and wrong; it attempts to reconcile what companies must do legally versus maintaining a competitive advantage over other businesses. The concept of business ethics arose in the s as companies became more aware of a rising consumer-based society that showed concerns regarding the environment, social causes and corporate responsibility.
According to the company, it was aware of the environmental, social, and economic impact caused by a business of its scale and therefore it had decided to implement a wide range of initiatives to improve the quality of life of its customers, the workforce, and society at large. The key to our approach is our integrated business system, where environmental and social performance is managed alongside financial performance.
Another case study involves quality control for a company that manufactures electronic components for computer servers. However, this has not always been the case in the American business environment. Notwithstanding the criticisms, the company continued to champion various initiatives such as rainwater harvesting, restoring groundwater resources, going in for sustainable packaging and recycling, and serving the communities where it operated.
The company has adopted several initiatives over the years to fulfill its responsibility to society.Business Ethics and Social Responsibility Sections of This Topic Include.
About Ethics, Principles and Moral Values What is Business Ethics? Managing Ethics in the Workplace The Business Case for Corporate Social Responsibility The Corporate Responsibility to Respect Human Rights.
Business ethics is the study of proper business policies and practices regarding potentially controversial issues such as corporate governance, insider trading, bribery, discrimination, corporate.
Google in China: “The Great Firewall” () Download Case Study (pdf). Discusses the decision by Google, a company whose mission is to uphold the highest standards of ethical business conduct, to launch a version of its search engine that is run from within China and subject to self-censorship.
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GRAB THE BEST PAPER. Extract of sample Ethics and Corporate Social Responsibility. Tags: Advertising Ethics; Business Ethics & Corporate Social Responsibility.Download