Business ethics and corporate social responsibility

Hello sir I want to know about Business ethics and corporate social responsibility so here can you please give me its details ?

[Raman Vij]

Hey as per your demand here I am providing you details of Business ethics and corporate social responsibility

Corporate social responsibility

Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model

Business ethics
Business ethics is“…a study of what is right and wrong human behaviour and conduct in business. Business ethics is a study of the perceptions of people about morality, moral norms, moral rules and ethical principles as they apply to people and institutions in business”
Scope

Initially, CSR emphasized the official behaviour of individual firms. Later, it expanded to include supplier behaviour and the uses to which products were put and how they were disposed of after they lost value.

Ethics training

The rise of ethics training inside corporations, some of it required by government regulation, has helped CSR to spread.

The aim of such training is to help employees make ethical decisions when the answers are unclear

The most direct benefit is reducing the likelihood of "dirty hands mfines and damaged reputations for breaching laws or moral norms.

Organizations see increased employee loyalty and pride in the organization

Need for Social Responsibility

Easier access to capital

Positive brand equity

Retention of human resources

Improved productivity

Strengthening relationship across stakeholders

Risk management

Global presence and growth