Business Ethics

Exectitive summary

Business Ethics has been a frequently practiced notion that has been and is flourishing with the passage of time all over the world. As people become more aware of one another's background and current standing, along with the importance of divine values and norms that have been commonly practiced around the world, we see that primitive methods of dealing with individuals, such as bureaucracy and autocratic rule around the organization now have become outdated. The case study of Ben & Jerry's has showed that the CSR is like an implied contract between the society and business, the society never makes an explicit demand from the business to fulfill its corporate social responsibility. It is the responsibility of the company to fulfill its duty towards the society. As Ben & Jerry realized that, the society had provided them with a number of opportunities for operating their business and making their business successful, and it was their responsibility to share their business happenings with the society, in general. They had published their social audit report by the name of name of Stakeholders' report, and that report consisted of the social audit of the company. This report will help the audience to understand the importance of business ethics. They will be made aware of the business ethics issues that are present in today's world organizations.

Table of contents

Introduction4

Research findings4

Implementing a CSR programme5

Case Study Of Ben & Jerry's6

Corporate Social Responsibility7

Business ethics issues7

Recommendations9

Conclusion11

Bibliography16

Business Ethics

Introduction

Business Ethics has been a frequently practiced notion that has been and is flourishing with the passage of time all over the world. As people become more aware of one another's background and current standing, along with the importance of divine values and norms that have been commonly practiced around the world, we see that primitive methods of dealing with individuals, such as bureaucracy and autocratic rule around the organization now have become outdated (Albinger 2000). These days, individual employees and the people working on the presidential and executive level work hand in hand to achieve their target, goals and existence and create rapport among all individuals around the organization. However, all companies are trying to navigate their way through ethical waters that have become very muddled. They are trying to restore not only the trust of American consumers, but also, maybe even more importantly the trust of their employees.

Research findings

CSR is the concept of creating a good sense of business. Basically, it means that in Corporate Social Responsibility: how a business should ethically behave and how it can contribute in the growth of the economy while improving the quality of life in the workplace and their families including the society and community. A theory with the name of “creating shared value” was presented by Professor Michael Porter. This theory states that corporate success and Social welfare are interdependent and go hand in hand. In this way, a company's contribution to social welfare identifies it potential of success. For example, a healthy environment in workplace, health educated workforce, ...