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Ethics and social responsibility in business
Ethics and social responsibility in business
How business ethics are important to sustainability
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Recommended: Ethics and social responsibility in business
Throughout this “Business and sustainable development” course, I am honored to have the opportunity to attend different guest speakers’ lectures and listen to them sharing about their past experiences as well as sharing their personal opinions about sustainable development. The guest speakers are from non-profit aid organization, both public and private sectors, as well as NGOs. Some of the main messages that I learned from these lectures include being innovative, listen and obtain advices from experts and other parties in order to make changes and raise awareness of different parties. Effective learning involves engaging more in the organization. It is also important to learn from the previous mistake, dare to be different and set up long …show more content…
They hope to build a better quality of life and living environment in a safe and sustainable manner. For example, Gammon Construction Limited mentioned that safety always comes as a priority for their company and they will minimize environmental impacts (such as carbon footprints) from their operations, and they also spent a lot of money on their company’s safety equipments and provided trainings for their employees. On the other hand, Shangri-La Hotel said their core value is to serve their people and benefit the environment. The CLP also aims to become a responsible energy provider in the Asia-Pacific region by producing fewer Environmental impacts to create value for shareholders, employees and the wider …show more content…
Their mission is to improve customers’ satisfaction by offering customers best quality products and services. There are always challenges when working towards sustainability, such as the initial costs and operating costs. However, according to the guests speakers, they also have the social responsibility to work towards sustainability and protect the environment. Personally, I think Ethos International has done a marvelous job towards Sustainability and showing their care of their employees by providing them with trainings and help increase their passion towards their jobs. According to the presenter, Iris Chow, the company paid high attention on their worker’s job performance and they believe that their business can be successful through people. They provide 70% on-job trainings for their employees as they strongly believe that by increasing the employee's ability can help meet current and future job requirements and perform at higher levels, as well as enhancing their motivations. Employee’s performance highly influence the company’s future. Besides Ethos International, East Hotel (Swire) and Shangri-La Hotel also highly focuses on their employees’ well being as well as raising their concept about sustainability at the same time. Pat Gallardo-Dwyer mentioned that the staffs at Shangri-La Hotel (such as the
Wheelen, T. L., & Hunger, J. D. (2010). In Concepts in Strategic Management and Business Policy Achieving Sustainability, Twelfth Edition. Pearson Education.
The following case study critiques Upton’s vision to establish a sustainable community through implementing comprehensive sustainable strategy. The urban periphery development is thought to demonstrate superior execution of sustainable principles in development (Jackson 2007). As a parallel, the report focuses on the development of Upton’s design code and demonstrates how large -scale mix-use developments can incorporate sustainable practice and principles of urban growth.
The firm wanted to promote corporate social responsibility, so I spearheaded the idea of purchasing school materials and a volunteering program for employees to tutor unfortunate high-school students. Within two weeks, this program reached over 1,200 students in Jakarta. If in that short time, a single business could make such an impact, imagine the great things that would happen if all Indonesian business helped out. With the scholarship I know that it will allow me to the next step in my education, to equip myself with the necessary tools to initiate a revolution for a greater cause; to make impact that truly
Founded in 1919, Hilton Worldwide has remained a beacon of innovation, quality, and success. What Hilton Worldwide calls their mission statement imposes its worldwide high status: “We will be the preeminent global hospitality company - the first choice of guests, team members and owners alike.” Fierce competition, however, does currently exist among hotel corporations within the market. Marriott International, Hilton’s main competitor, currently stands as the third-ranked world leader within the industry (according to hospitalitynet.org), coming in after Hilton. Other competition faced by Hilton comes from Wyndham Worldwide, Starwood Hotels and Resorts, and Best Western, to name a few. Affiliated with ten different hotel brands, Hilton Worldwide provides its guests with the advantage of choosing from any one of their 4,000 operating hotels located throughout 90 different countries. This has evidently contributed to Hilton Worldwide becoming one of the top leaders (ranked second to be exact) in the hospitality industry, despite their competition. The vision of Hilton Worldwide is “to fill the earth with the light and warmth of hospitality.” As the modern luxury hotel, Hilton has created a prestigious heritage with a modern attitude. The values of Hilton Hotels are stated uniquely, giving one value to each letter that constitutes the word for the hotel brand. “H” stands for Hospitality– “We are passionate about delivering exceptional guest experiences”; “I” stands for Integrity– “We do the right thing, all the time”; “L” stands for Leadership– “We are leaders in our industry and in our communities”; “T” stands for Teamwork– “We are team players in everything we do”; “O” stands for Ownership– “We are the owners of our actions and dec...
The company’s strongest impact and contribution to sustainability lies in the critical parts of their business which leads to the success and diversity of our associates (customers), food safety, health and nutrition, strong supply chain, environmental factors, and community/stakeholder engagement and impact of the people along with the CSR initiatives.
It will be advantageous for the company if they can project themselves as responsible corporate citizen and an environment friendly company. Social enrichment schemes, recycling schemes and educational funds can be initiated to cater to this cause and long term goal.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
The Hyatt delivers TQM in all of its luxury hotels, resorts, and other brands. They use the base of continuous improvement principles to facilitate change on a constant and progressive basis. They have an impeccable reputation for TQM. They not only meet the customer’s expectation they go above and beyond to exceed customer expectations. The Hyatt core brand offer’s the highest hospitality services to a targeted market consisting of business travelers and upscale
Sustainability is a concept with a diverse array of meanings and definitions – a widely used glamorous, ambiguous, ambivalent and vague concept that is used by different stakeholder groups in various ways. Presumably to avoid noodling over a terminology or to avoid the confrontation with a definition, most widely the concept is broken down a planning process (c.f. e.g. Döring & Muraca, 2010). That is why most common sustainability is understood as sustainable development.1
The problem that was investigated consisted of a question that Milton Friedman posed in one of his articles, which was featured in The New York Times Magazine in 1970. The question was, “What does it mean to say that “business” has responsibilities” (Friedman, 2007, p. 173)? Friedman (1970) elaborated on how businesses cannot have assigned responsibilities. Furthermore, he described how groups or individuals should be the only ones that can hold responsibilities, not businesses. He stated that associating responsibilities with the word business is too ambiguous. I will examine three discussion questions and three compare and contrast questions which Jennings (2009) posed in a case study that is related to Friedman’s (1970) article “The Social Responsibility of Business is to Increase its Profits”.
for the sustainable development of the company. However, the issue should be adequately understood so that its
Lafferty, W. M., & Meadowcroft, J. 2000. Implementing sustainable development: Strategies and initiatives in high consumption societies. Oxford, UK: Oxford University Press.
According to the International Institute for Sustainable Development, sustainable development is defined as development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs. If we follow this definition, it becomes easy to see that the vast majority of the “developed” world has not, and is not developing sustainably. The idea of sustainable development requires us to consider how our action of developing will affect other countries, and future generations. Many people believe in “the butterfly effect”, where the flapping of a butterfly’s wings in one part of t...
There are different approaches in sustainable development. Diesendorf (2000) had illustrated that the goal or destination of sustainable development was the tight relationship between sustainabi...
Sustainable development means that the present generations should be able to make use of resources to live better lives in such a manner that it doesn’t compromise the ability of future generations to survive and make better lives for themselves as well. For sustainable development to occur, there needs to be sustainable economic, ecological and community development. Society needs to be educated about ways in which they can use resources, especially natural, in such a manner that it doesn’t cause harm to the environment and put future generations lives at risk.