Ethics Of Business Environment
Make a guess: what is not usually written in a sales agreement, a cooperation agreement or in an employment contract but is still of importance for successful business and work results?
What is not strictly a legal matter but rules relationships between corporations, private businesses, entrepreneurs and individuals?
What is this invisible but influential component of any business deal?
You are absolutely right, this is business ethics.
Business ethics is a code of conduct or moral rules that regulate the business sphere. It comprises moral values regulating decisions taken by companies and the way these decisions are implemented. Some of its rules are obligatory and even imposed by laws.
A pool of aspects affecting the business sphere includes
- ethics of human resources management;
- ethics of production;
- ethics of marketing and sales;
- ethics of property, property rights and intellectual property rights;
- ethics of technology use;
- ethics of accounting and reporting;
- ethics of treatment;
- international business ethics, etc.
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Just What is Corporate Social Responsibility?
Exercising Self-Interest
It’s gotten mighty hard to nail down just exactly what people mean these days when they speak of corporate social responsibility.
Does it mean extracting sea turtles out of fishing nets or not eating monoculture salmon? Does it mean not out-sourcing jobs to cheaper foreign lands even if it raises the standard of living in those places? What if the outsourced jobs go to foreign union members? Is it better to build a new LEED certified building or to make due with the old building that’s sturdy if not entirely energy efficient? Is it more socially responsible for a company to donate to an AIDS orphan cause in Africa than to a ballet company in Africa? What if the ballet company employs AIDS victims?
I’m not an ethicist and some of these questions are ethical questions. But for the rest of us how are we supposed to navigate the thicket of sometimes competing and oftentimes perplexing conundrums framed as issues of corporate social responsibility?
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Corporate Social Responsibility in the Textile Industry
The concept of social responsibility is a fairly recent one in the business world. Awareness about it of business organizations is rapidly on the rise and firms are also accepting this concept. The textile industry is no exception. Textile producing and trading firms are also realizing their responsibility towards the society and the environment. This article aims at analyzing the concept of it and the common ways in which textile firms try to fulfill it.
What is social responsibility?
Social responsibility is “an organization’s obligation to maximize its positive impact and minimize its negative impact on the society”. In other words, it is “the concept that businesses should be actively concerned with the welfare of the society at large”. The concept of it is applicable to individuals and governments as well as organizations. This of an organization is referred to as ‘corporate social responsibility’. This can be broadly divided into two parts: human and environmental responsibility.
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