Business Ethics

January 4, 2022
Sabina Rungwave
UB67888BBU77015

Ethics and Social Responsibility in Business

This document explores the critical role of ethics in business practices, highlighting the impact of social, economic, and organizational factors on ethical decision-making. It addresses issues such as nepotism, abuse of office, and gender discrimination, emphasizing the need for ethical conduct to enhance organizational performance and stakeholder trust.

Click here: Promoting Ethical Practices in Business

Publication:

Assignment Transcript

The paper delves into the significance of ethics and social responsibility within business environments. It examines various unethical practices, including nepotism and gender discrimination, and their detrimental effects on organizational performance. By analyzing the determinants of business ethics—social, economic, and organizational factors—the study underscores the necessity for businesses to adopt ethical standards that promote fairness, equity, and respect for all stakeholders. Furthermore, it discusses the importance of educating employees and managers about ethical conduct to prevent inwardly focused values that may compromise their responsibilities to stakeholders. Ultimately, the paper advocates for a commitment to ethical practices as a foundation for sustainable business success.

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