Ethics and CSR

In this assignment, I analyze the critical role of ethics and corporate social responsibility (CSR) in contemporary business practices. The discussion begins with an overview of hyper-competition in the IT sector, examining its implications for corporate strategies. I explore the necessity of a code of conduct for suppliers, contrasting the perspectives of Milton Friedman, who advocates for profit maximization, with Archie Carroll, who emphasizes broader social responsibilities. Additionally, I delve into stakeholder analysis, outlining steps for identifying and evaluating stakeholders. The paper concludes by addressing the ethical dimensions of corporate actions, illustrating how responsible decision-making can enhance corporate reputation and foster long-term success. This comprehensive examination underscores the importance of integrating ethical considerations into business strategies.