Business ethics and corporate social responsibility. Name some companies that have had bad press over one of the following issues: employment practices; environmental concerns; product pricing; financial irregularities. Was anything done to rectify the problems as a result? PSLU business ethics code (the University website).
Plan • Definitions • Companies that have had bad press over one of the following issues: o employment practices; o environmental concerns; o product pricing; o financial irregularities • PSLU business ethics code • Conclusion
Definitions • Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. • Corporate responsibility it is how companies manage their production processes, or their core businesses, in order to create an overall positive impact on society. Corporate responsibility is largely to do with the action taken by companies in relation to the local environment and is a kind of compensation paid back to the society.
Nestle, Toyota and Mattel – currently on the top of the list of international socially irresponsible companies. • Many companies only pay lip service to these issues. However, if company is involved in unethical practices, it will be found out by its shareholders in the long run. It’s also difficult for multinationals to ensure workers in developing countries have decent wages due to local labor laws. It is up to governments to ensure that companies respect not only labor laws but also the human dignity of their employees.
• Nestle company was listed for violations of labor law: the exploitation of child labor and "contribute to obesity, " the American nation. • Toyota showed up opposition to government measures to increase fuel economy standards and to reduce carbon dioxide emissions, while at the same time spending millions on "green" marketing. • Company Mattel - not once caught in the manufacture of toys containing lead. So it is companies such Wal-Mart, Exxon. Mobil and Philip Morris.
Conclusion Solving ethical dilemmas is not easy. In many cases, each possible decision can have both unpleasant consequences and positive benefits that must be evaluated. Companies must be responsible ethically and socially.
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