Comparative Business Ethics and Social Responsibility

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Comparative Business Ethics and Social Responsibility

Employees habitually face ethical predicaments. These ethical behaviors refers to treating others fairly, it specifically refers to; Being honest, Maintain confidence and trust of their employers, Following rules and regulations set up in the organizations, Conducting themselves in a proper manner, Demonstrating loyalty to company and its associate (Weber, 2002). An ethical predicament comes into being in a circumstance when potential negative ethical code is being used to make a decision. In a situation where an employee is being encouraged to inflate the expense account to meet his selfish needs would call for a deep examination and determination of the most appropriate step to take. The decision made can either be influenced by ones individual moral development as a loyal employee or on the other hand by the cultural values established by the organization to regulate the conduct of employees.

Majority of the organization’s management comprehend that paying attention to ethical and social responsibility is as vital as organizational issues such as paying attention to organizational costs, profits and overall growth of the organization. Unsurprisingly, the affiliation of a corporation’s principles and social responsibility to its economic performance relates to both managers and management intellectuals, which has caused a hectic debate. Organizations are also looking forward to measuring the nonfinancial factors that create value for the business. Researchers find, for example that people prefer to work for companies that demonstrate a high level of ethics and social responsibility. This will therefore create a center of attention and retain high quality human resources....

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...cial Exclusion and Culture: The role of group norms, group identity, and fairness, Anales de Psicologia: Special Issue: Prejudice: Sociodevelopmental Perspectives

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• Killen, M., Mulvey, K., L., Richardson, C., Jampol, N., & Woodward, 2011, The accidental transgressor: Testing theory of mind and morality knowledge in young children, Cognition

• Pettigrew, F., 2008, How does intergroup contact reduce prejudice? Meta-analytic tests of three mediators. European Journal of Social Psychology

• Eisenberg, N., 2000, Emotion, Regulation, and Moral Development, Annual Review of Psychology

• International Accounting Standards Committee 1995, International Accounting Standard London, International Accounting Standards Committee.

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