Download - Business Ethics and Social Responsibility
Business ethics &
social responsibility
Mahendran MBA, PGPM Narendra kumar MBA, PGPM
Introduction
Social responsibility and business ethics are
often regarding as the same concept.
However social responsibility is one of the
aspect of business ethics
Ethics is not just to operate the business with in the law.
The standards of conduct and moral values governing actions and decisions in the work environment
BUSINESSN ETHICS
Business ethics consists of
Social responsibility of that business supposed to have towards community
Company’s responsibility towards its share holders
Inter company dealings with negotiations
Stakeholder protection
The company fundamental practices
Business should behave ethically to achieve the above purpose
Why business ethics is important?
Public image
Investment
Partnership
The idea that business has social obligations above and beyond making a profit.
Business has an obligation to constituent groups in society other than stockholders and beyond that prescribed by law.
Contributions to the overall economy, job opportunities, and charitable contributions and services like education, sports and the environment
Organizations measure through social audits.
Social Responsibility
Common ways of doing CSR are
Why CSR?
Better internal and external relationships
It brings the consumer and produce close together
And in short term there will be a very few perceivable benefits in terms of profitable but these actions will serve to enhance the business brand and increase profitability over the longer term
Adds value
Example of CSR are,
Tata motors got golden peacock award 2004 for its valuable contribution towards economic development, community development.
Tata Consultancy Services-adult literacy programme
Tata Chemicals-rural development programme, etc,..
GAIL
Thank you
By
Mahendran - MBA (PGPM)Narendra Kumar - MBA (PGPM)
SMI Business School