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Ethical leadership in an organisation
Importance of ethical decision making in business
Importance of ethical decision making in business
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Responsibility is a word used improperly too often in one’s everyday life. It is the state, to which one is acting accountably for something within his or her own power, control, and/or management. It is the ability to comprehend rational thoughts and make decisions within one’s moral compass. Beginning at a young age, we are taught the importance of responsibility on a daily basis. Whether it be on the basis of taking responsibility for foolish past actions, or behaving responsibly to develop one’s aptitude of dependability when tasks must be accomplished, the action of being responsible ultimately leads to adding meaning and value to one’s life. After reading The Responsible Company, by Yvon Chouinard and Vincent Stanley, one can begin to comprehend the true meaning behind utilizing corporate social responsibility (CSR) during business practices. Chouinard speaks about the moments in his career, where a company is encouraged and cultivated passed its ordinary human excellence to become more responsible when dealing with the many diverse environmental issues within the business cycle. Although there are many concepts and moments that Chouinard establishes as important, there are a few moments that seemed to have a deeper meaning and deserved another moment of reminiscence because it increased peoples’ sense of responsibility and capability to act responsibly.
Typically in the business cycle, companies have a tendency to become the most concerned with the sales sector of their industry. These companies look passed the environmental detriment of society for the chance at obtaining an additional dollar. “When money becomes a measure—as well as the means—of all things, the potential for economic and political mischief grows” (Chouin...
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...rs, will last for the foreseeable future. Challenges will always confront us but it is by the way we confront them now that we can see a brighter future. As President Abraham Lincoln said, “You cannot escape the responsibility of tomorrow by evading it today” (Deseret News, 2013). We have a responsibility to the earth.
Works Cited
Berman, B. (2010, August 23). Products, Products Everywhere. Retrieved from The Wall Street Journal: http://online.wsj.com/news/articles/SB10001424052748704100604575145920370092174
Chouinard, Y., & Stanley, V. (2012). The Responsible Company. New York: Princeton Architectural Press.
Deseret News. (2013, Februrary 12). 33 Memorable Quotes from America's 16th President, Abraham Lincoln. Retrieved from Deseret News: http://www.deseretnews.com/top/1307/31/Responsibility-33-memorable-quotes-from-Americas-16th-president-Abraham-Lincoln.html
@AddInfoOrg. "30 Of The Greatest Patriotic American Quotes In US History." Addicting Info The Knowledge You Crave. N.p., 2013. Web. 04 Sept. 2016.
Good Boss, Bad Boss by Robert Sutton PhD tells what good bosses do and learn what not to do by bad bosses. Dr. Sutton breaks the book down into nine chapters that cater from having the right mindset to it is all about you. The book breaks down situations into common sense thinking.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
“Do we have a choice going forward in our responses to major existential challenges, or does our human nature foretell the outcomes? We do have a choice but my question is if ultimately human nature will win the battle between choice and nature? No matter the choice history will always continue to repeat itself. George Santayana d. said" Those who cannot remember the past are condemned to repeat It." - The Life of Reason Vol.1. Our main challenge is teaching our youth that looking to the future is great but looking into our past is even more important. Climate changes, over use of land and a decrease in resources aren’t anything knew but the way our societies have adapted to react to these changes is what differs. As technology advances so do our approach on handling these existential challenges but with evolution there is always a tradeoff. Those tradeoffs are our choices, we are choosing to sacrifice the lesser for the greater but it’s in our human nature to ignore the signs that there is a problem. We are so dependent on modern technology that we refuse to believe that it could cause any real problems but that’s where we are wrong.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
Whenever we fight for clean drinking water, or clean air, or a safe workplace, we are likely to find a corporation on the other side of the issue. The goal of a corporation is, first, to survive, and, second, to return a profit to its shareholders, not to mention for money and if the air has to be fouled to accomplish these goals, then the air will be fouled. Meaning, the corporations will do anything to keep these goals even if it means that they have to cause pollution or some issues. Pollution is one of the problems by the corporations that affect us. The Business Council for Sustainable Development thinks of this as ?gToday, for instance, the earth's atmosphere is providing the valuable service of acting as a dump for pollutants; those enjoying this service rarely pay a reasonable price for it,". This is an example of corporations ?gexternalizing?h their costs. By using the air as a free dump, corporations are able to get away with paying the costs for waste disposal to the people while they prof...
...made. Climate change poses a huge for the fulfillment of the future generations. It is on us, our generation to make decisions regarding emissions of greenhouse gases that will not pose a significant risk of serious adverse consequences to the future generation. At a global and national level, climate change responses must focus on long-term sustainable solutions to ensure the well-being and needs of future generations are met. This will mean minimizing the impact of greenhouse gas emission for the future generations. The faster we can control climate change, the less consequences the future generations will have to endure. The future generations should also be given a world that is health, a world that offers a sustainable future and a world that we, ourselves would want to live in. It is for the future generations that we much meet the challenge of climate change.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
Jeff Butcher and Rachel Hill pointed out the impacts of businesses on environments, by stating “The more of a product that is consumed or produced, the more of an externality that results” (Butcher, Jeff, & Hill, Rachel, 2006). Obviously, we can see that one product produced will bring benefit to consumer, sellers, and manufacturers. Meanwhile, one produced and consumed will cause negative externalities for environment. There is one fact we cannot deny that the more social life develops, the more externalities will be produced to the society. Daily living garbage, industrial wastes, carbon dioxide from factories are most outstanding examples to describe negative externalities to environment (Butcher, Jeff, & Hill, Rachel, 2006). In “The tragedy of the Commons”, Hardin showed us causes of negative externalities. He proved that people assume a...
What is the socially optimum level of production keeping in mind the environment? How should it be achieved? It is at this point that the great economic minds of out time begin to take up arms. Michael Porter, a Professor of Business at the Harvard Business School claims that environmental regulation of businesses will actually give the businesses a competitive advantage over their counterparts in nations with less stringent regulation because it forces them to innovate. Porter claims that by changing their production processes, the businesses will actually lower their production costs (Porter, 97).
While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.
In the late 1990’s people became increasingly aware of the negative effect burning these harmful fuels and gases has on our planet, thus we have seen a rise in the number of environmentalists in recent years. The knowledge the nation has gained surrounding global warming has led to an increase in the levels of recycling, energy efficient homes and businesses and an overall attempt at reducing the negative impact on the earth. However globalisation and consumerism caused by corporate greed has left the nation believing that the economy is the most important factor ...
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
I believe that we have several responsibilities towards future generations, including sustainable energy sources, managed resources, conservation, and to impart knowledge of environmental sustainability in a widespread way. I believe that must fulfill these obligations for the continuation of the human species survival in the future.