Companies, though they are committed to be socially responsible for their behaviour have been found to be engaging in acts that cannot be called ethical.
In contrast to social obligation, however, both social responsiveness and social responsibility reflect the socioeconomic view. Ethics is focused on the good and bad, the right and wrong.
Similarly though there is not written law to compel a company to engage in acts to do something to reduce pollution or to do something for the betterment of environment, taking up projects to clean up environment are considered to be a part of the social responsibility of the company.
Social responsiveness occurs when a company engages in social actions in response to some popular social need. The same applies to the administration and the judiciary of any country.
The business models of large companies can impact local wage levels while simultaneously impacting the local economy of a community. Though the primary objective of any business is to earn maximum profits for the owners and shareholders, it is also expected to conduct its operations in a manner that it fulfils its social obligations also.
The same applies to lotteries and gambling. Social responsibility looks clearly defined and demarcated. Ethics means moral character and comes from the Greek word ethos.
Before defining business ethics, it is best to understand the meaning of ethics first. Difference between Business Ethics and Social Responsibility Though business ethics and social responsibility seem to be overlapping, there has always been a contradiction between the two.
It is more of an obligation or a duty towards the people that the business affects. The organization does only what it is obligated to do and nothing more. This is the main meaning of social responsibility.
When legislation proposing a ban on cigarette advertising was introduced in the 20th century, for example, cigarette companies faced a choice to support or oppose a legal act that could benefit society while threatening their own sustainability.
Even though making a profit is the most important thing in business, if making money is the only concern of a certain business, then it is capitalism in its worst.
Companies such as natural-resource refineries and chemical producers generally incur greater impacts on the environment than other types of businesses, such as local retail shops, making this aspect of CSR especially important in certain industries. Sustainability also requires thorough short- medium- and long-term strategies for product development, brand development and continued growth.
This is the main goal of business ethics. A socially responsible organization views things differently.
Business Ethics Before we move to business ethics, we need to spell out clearly the word ethics. What is good for the society is sometimes not good for the business, and what is good for the business is almost always not good for the society.
Applying this definition to business, we come to a conclusion that though the primary objective of any business or company is to maximize the profits to shareholders, stakeholders also need to be kept in mind, they are directly or indirectly affected by the decisions taken by the company for the operation of business.
If the society is conscious, it responds in such a way that businesses are forced to behave responsibly. One of the main examples for this is, reducing the pollution in the company, especially if that certain business is the one creating all the pollution. Ethical senses always make use of good, bad, right and wrong.
However, this does not mean they can do whatever it takes to get that maximum profitability.
Public Health and Political Responsibility Ethical behavior in the area of public health and politics are equally important.Business ethics and social responsibility are commonly used in everyday parlance almost interchangeably.
While social responsibility is self explanatory, ethics is a word that puts one in a dilemma. Social responsibility looks clearly defined and demarcated.
Aug 07, · Social Responsibility | Compare & Contrast - Social Obligation, Social Responsiveness, & Social Responsibility Compare and contrast the ideas of social obligation, social responsiveness, and social responsibility.
By integrating business ethics and social responsibility, organizations can make a difference in the world and enhance their reputation.
What is difference between Social Responsibility of Business and Corporate social responsibility? I am the lead “Business Ethics” instructor at my school.
Social responsibility is an. Ethics can be defined as individual, occupational, organizational, or societal morals and values, while social responsibility is the practical application of.
This free essay discusses Discuss The Importance Of Ethics And Social Responsibility Fair Use Policy; Help Centre; Discuss The Importance Of Ethics And Social Responsibility. Print Reference this Compare and contrast the difference between "ethics" from a personal perspective to one established viewpoint of ethics .Download