Workplace Behaviour and Attitude: A study of Organisational Ethics and Corporate Social Responsibility
By Aliu A. Onifade
Ethics can be defined as best practices that provide insightful knowledge about what is right or wrong in the workplace (Prabhakar, 2011). For example, products, services, and inter-personal relationships in a company are brought about by ethics and Corporate Social Responsibility (CSR). In most cases, ethical business practices yield success.
Ethics and CSR: Introduction
Evidently, companies that demonstrate ethical behavior about the social, economic, and environmental responsibilities, are less affected by the negative publicity and litigation resulting from inappropriate business practices (Luu, 2012). Therefore, Business ethics are solely the rules and regulations of a company that are based on a set of norms and values (Singh and Singh, 2019). So, ethics involves doing what is right in-line with business objectives.
Corporate Social Responsibility (CSR)
Firstly, corporate social responsibility is a societal corporate engagement, where business organizations offer core socio and economic values of the society around them (Khan et al., 2012). Particularly, CSR is the moral responsibility of any business entity for meeting the socio-economic needs of the people within the society (Mridula and Ramanathan, 2014). In other words, CSR is the act of ensuring the safety of the society and thereby optimizing profit (Luu 2012). Therefore, CSR is a sustainable action for business activities that must not hinder societal benefits.
CSR and Business Ethics
Generally, business ethics examines the ethical principles and moral in a business environment. Business ethics also applies to all forms and structures of business organizations. In other words, business ethics look into organizational policies and practices, concerning issues such as corporate governance, corporate social responsibility, and other responsibilities (Amato, Henderson, Florence, 2009).
Furthermore, CSR and business ethics govern the roles and responsibilities of business in society. For instance, these roles include Sustainability, corporate social responsibility, or corporate citizens (Luu, 2012). Thus, it is crucial that business organizations employ CSR in their business so that they can ensure beneficial returns to society (Mridula et al., 2014).
CSR practices are concerned with the amount of relationship between a company and other relevant stakeholders, such as government, customers, the public, etc. Therefore, corporate social responsibility plays an important role between business and society by addressing the issue of business ethics, corporate social act, corporate citizenship, and stakeholder management (Amato, Henderson, Florence, 2009)
Amato, Henderson, Florence (2009), highlighted that corporate social responsibility begins from the aspect of economic responsibilities, legal responsibility, and then to ethical responsibility. However, corporate social responsibility is poised with the accountability of sustenance and societal management. Eventually, the best practices of CSR is closely linked with government responsibility (Kolodinsky et al., 2010).
Particularly, the main objective of the government is to provide friendly business environments. In other words, the government should ensure adequate sustainable measures. Moreover, business organizations are responsible for optimizing “Sustainability” (Kolodinsky et al., 2010). So, ethics and CSR in the business environment offer distinctive directions to business development (socio and environmental).
To sum up, subsequent deliberation of ethics and social corporate responsibility has resulted positively and made tremendous improvements in the area of socio-economic and environmental sustenance. Despite this development, there’s a need to bridge the gap between ethical conduct and corporate social responsibility. Moreover, in the face of profit-making, a business organization must maintain socially responsible behavior that will be more appealing to relevant stakeholders.
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