The paper "Definition of Terms Including Ethics and Social Responsibility" is a great example of management coursework. There is a substantial relationship between social responsibility, organization’ s ethics and its performance. This is a concern of managers of different organizations. Research evidence suggests that there is a small, but positive relationship between ethical and socially responsible behaviour and the organization’ s financial performance (Carroll and Hatfield 1985, p. 446-63). Ethics is discussed on frequently and explicitly addressed in the news when decisions made unethically are found. Sadly, individuals do not hear about ethics ideally, when others are engaging in ethically sound behaviors daily (Griffin 1993, p. 167).
In the course of this paper, keep in mind that issues, which are legal may be at times held as unethical. This paper looks into the definition of terms including ethics and social responsibility. It also discusses what being ethical and socially responsible means for an organization. In the final part, it expounds on whether a company should put ethics and social responsibility ahead of profit-making. Ethics are in the definition, an individual belief system consisting of knowing what is precisely right and wrong.
Ethics vary from one person to another even within the same organization. Ethics is ideally part of analyzing decisions, actions and beliefs of individuals in any given context. There are many ethical dilemmas arising in a business or organizational setting. Some of these dilemmas are more obvious while some exist as more obscure (Carroll and Hatfield 1985, p. 446-63). There is an absolute basis, which helps to keep decisions made within an organization in perspective. Businesses or organizations should operate in a way that is ethical, legal, profitable, and within prevailing social norms (Griffin 1993, p. 167).
By operating under the social norms, it means that organizations need to use society in gauging if its decisions made are appropriate. Some cultures define ethical decisions differently from others meaning that the surrounding environment is the desired context.
Albert, Z 1990, Is Business Bluffing Ethical, Harvard Business Review, January-February, 2-8
Boje, D 1991, Organizations as Storytelling Networks: A Study of Story Performance in an Office-Supply Firm, Administrative Science Quarterly, Vol. 36, 1991: 106-126
Carroll, A and Hatfield, J 1985, an Empirical Examination of the Relationship between Corporate Responsibility and Profitability, Academy of Management Journal, June: 446-63
Davis, L 1975, Five Propositions for Social Responsibility, Business Horizons, June: 19-24
Friedman, M 1989, Freedom and Philanthropy: An Interview with Milton Friedman, Business and Society Review, Fall: 11-18
Griffin, R 1993, Management 4th Edition. Geneva: Houghton Mifflin, p.167
John, H 2003, Why Business Ethics, Carnegie Mellon University, 16-24
Linda, K 2009, Behavioral Ethics in Organizations: A Review, Journal of Management, 6(3) 875-897
Linda, N 2000, Ethical Leadership or Leadership in Ethics, Australian Journal of Early Childhood, 2(3) 653-78
McGuire, J and Schneeweis, T 1988, Corporate Social Responsibility and Firm Financial Performance, Academy of Management Journal December: 854-72
Milton, F 1970, the Social Responsibility of Business Is to Increase its Profits, New York Times Magazine (September) 7-8
Muel, K 2000, Developing a Measure of Unethical Behavior in the Workplace: A Stakeholder Perspective, Journal of Management 2(3) 201-67
Robin, S 2007, Clarity of ethical rules for open-minded discussion to resolve ethical issues in Chinese organizations, Asia Pacific Journal of Human Resources, 3(1) 185-211
Ross, T 1988, Ethics in American Business. New York: Ross & Co, p.56
Sethi, S 1975, Dimensions of Corporate Social Performance: An Analytical Framework, California Management Review, Spring: 58-64
Thomas, D 1998, Case Studies in Business Ethics, 4th ed., Prentice-Hall (February) 56-61