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It's Business Ethics term paper. Company report in particular. - Assignment Example
Author : braungerda
Pages 5 (1255 words)
Business Ethics and Corporate Social Responsibility Date Business Ethics and Corporate Social Responsibility 1. Every company in one way or another has to show unwavering concern for its customers and the society in which it operates in…
These do not necessarily have to be the areas that the company enjoys high revenues. There is no limit as to the scope of a business’ corporate social responsibility and investment. What is of great debate is the involvement of the business in the corporate social responsibility. Shaw (2011) defines corporate social responsibility as an inbuilt, self-regulation mechanism that allows a business to monitor and ensure and it actively complies with the laws of the country, ethical standards, and the international norms. It stresses the importance of the company taking responsibility for its actions, encouraging the need for positive impact through involvement in the environment, consumers, employees of the business, communities surrounding the business, stakeholders of the company, and the public in general (Schwartz, 2011). Business ethics indicates how businesses examine the ethical problems that arise in the business environment, applying in the aspects of business conduct. Corporate social investment is allocation of a part of a business’ budget into corporate social responsibility activities, which are not necessarily supposed to bring any revenue to the company (Arnold 2002). 2. Wal-mart Stores Company was founded in 1962 by Sam Walton. ...