Ethical policy, corporate social responsibility and larger social impact (intentional or unintentional) within UBS and the value it creates (or possibly destroys) for the local and/or global community
Nobody downloaded yet
Ethical policy, corporate social responsibility and larger social impact (intentional or unintentional) within UBS and the value it creates (or possibly destroys) for the local and/or global community - Essay Example
Since the 1990s, there has been a growing demand from private and institutional stakeholders for a corporate ethical environment and social accountability (Palmer and Hartley, 2008). This was an indication of a new awareness in the civic society. Consumers, employees and…
Let us write or edit the essay on your topic
"Ethical policy, corporate social responsibility and larger social impact (intentional or unintentional) within UBS and the value it creates (or possibly destroys) for the local and/or global community"
with a personal 20% discount.
Extract of sample Ethical policy, corporate social responsibility and larger social impact (intentional or unintentional) within UBS and the value it creates (or possibly destroys) for the local and/or global community
Thus, the companies are now evaluated based on the Triple Bottom Line (TBL) principle, which incorporates both economic success and environmental and social efficiency. Companies around the world are now accountable for their performance through environmental and social Reporting. The collapse of giant enterprises like Enron, World Com and Tyco in the USA or Ahold and Parmalat in Europe, moved the focus to business ethics and basic management. The paper considers one very aspect of business ethics that includes social and environmental awareness of an organization. The discussion incorporates how corporate practices can contribute to individual learning and development, and hence bring about awareness about the society and environment. In addition, this would actually help managers better understand and manage their role as managers and lead to more moral behavior in a company. Most organizations do not follow these business ethics. It is usually overlooked, to pursue the most common motive of earning profit at the cost of ethics. Business organizations might be referred as the most efficient economic tools, as they can impact human development and enhance the well being of the entire society. The impact can be global for multi-nationals. (The Aspen Institute’s Business & Society Program, 2007; Slack & Chambers, 2006) How managers see this role and understand their ability is the most important contributing factor and the biggest question about their ethical conduct. Corporate Social Responsibility has been the focus of most organizations.
Corporate social responsibilities include an organization’s policies and measures on issues such as environment, education, regeneration, empowerment, governance and anti-money laundering. (McEwan, 2007, pp.9-10; Mullins, 2007) These social, environmental, and economic impacts of a particular company’s operations and products cannot be studied from the annual report of the company. The CSR report is required to get an ...
Cite this document
(“Ethical policy, corporate social responsibility and larger social Essay”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/403805-ethical-policy-corporate-social-responsibility-and-larger-social-impact-intentional-or-unintentional-within-ubs-and-the-value-it-creates-or-possibly-destroys-for-the-local-andor-global-community
(Ethical Policy, Corporate Social Responsibility and Larger Social Essay)
“Ethical Policy, Corporate Social Responsibility and Larger Social Essay”, n.d. https://studentshare.net/miscellaneous/403805-ethical-policy-corporate-social-responsibility-and-larger-social-impact-intentional-or-unintentional-within-ubs-and-the-value-it-creates-or-possibly-destroys-for-the-local-andor-global-community.
This study addresses ethics and corporate social responsibility practices and issues, while focusing on several case studies like Scandal and Nestles Companies. Most people believe that corporate governance is primarily concerned with the societal obligations of business; however, they are not interested in understanding the scope and nature of these obligations.
On contacting GlaxoSmithKline their query was dismissed and handled unprofessionally. Their experiment concluded that the levels of vitamin C in the ribena product were far much lower than the amounts printed on the packaging. The girls made known their findings to the company and stated that the company’s advertisement was "intentionally misleading and quite inappropriate” (Jacques, 2008) in that it misled people to actually believe that the ribena fruit drink actually contained four times the vitamin C found in oranges.
In the recent past, particularly over the last two decades, the ideology of maximization of shareholders value as a norm of corporate management has been under great scrutiny. The issue of whether companies should engage in social matters affecting the society has been a source of controversy with some people supporting corporate social responsibility while others are opposed to it.
6 Part B 7 Professional Development Skills: Personal Reflection 7 Conflict Resolution 8 Building Trust, Relationships, and Communication in Financial Organizations 11 Conclusion 12 Works Cited 13 Part A: Ethics and Corporate Social Responsibility in Financial Institutions Introduction Responsible business for both organization management and employees entails following corporate ethics.
Hence, numerous multinational companies (MNCs) should discover means to deal with the problematic endeavour of choosing the ideal ethical practice for a particular organisation on a global level (Sims 2003). This essay discusses the relationship between the continuous growth of globalisation and the development of corporate social responsibility (CSR).
The development of brand value is one of the most common strategies for increasing organizational competitiveness. However, the success of this strategy is depended on a series of factors. The level at which the organization is committed to its corporate social responsibility (CSR) rules affects its efforts to increase its brand value.
This is because the people working in the business depend on it for their livelihood. Suppliers, the local community and customers, are affected by the actions that the business takes. The way the business produces the products and the impact of the product on the environment affect the environment either positively or negatively (Besser, 2002).
However, there remains the challenge of ensuring that this progress remains equal across all sectors and nations and that the well-being of the environment is not being harmed. Most companies have, therefore, made it a practice to incorporate responsibility towards the society and the environment as part of their routine business.
Voluntary principles of Corporate social Responsibility are much more effective than prescriptive regulation because self-regulation is far more easily adaptable to the vast differences in circumstances, objectives, operating methods and resources of individual companies.
What is right and what is wrong in business depends on organizational decisions. However, organizational ethics is not a private matter but a broad societal issue that needs careful attention. “Firms
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Ethical policy, corporate social responsibility and larger social impact (intentional or unintentional) within UBS and the value it creates (or possibly destroys) for the local and/or global community for FREE!