Brammer and Pavellin, (2006) argued that CSR has been considered as a source of sustainable development and has become an emerging imperative. Edwards (2005) argued that in order to achieve business objectives, business organizations should look at the environmental and social impacts of their business processes as well as their products. Addressing the interests of direct stakeholders should not be the only priority of the businesses but they must also indirect
Since then, many companies have progressively integrated policies that promote sustainability into their business strategies “partly in response to federal legislation and partly due to stakeholder concerns” (Ferrell, 2011, p. A-8). Businesses have discovered that being environmentally-friendly can reduce costs, differentiate their products from others, and increase revenue. This article also examines some of the ways businesses are marketing their commitment to being green. Questions 1) I think every issue relating to sustainability is important. However, I feel that the issue of water pollution is the most important.
1.) Chapter 9 points out that sustainability is concerned with meeting the needs of the present without compromising the ability of future generations to meet their own needs. Frog’s Leap Winery incorporates triple-bottom strategy elements in its diagnosis of the situation at hand, the creation of company policies, and coherent actions. The first is social stewardship. This is fostering a shift in the social attitude of the company to do what is right for the environment and its inhabitants.
2. What 3 “moral languages” does Thomas Donaldson believe should guide MNC’s is creating ethical standards and why? Multinational companies should be guided by the three moral languages of avoiding harm, rights and duties, and the social contract. Multinationals should engage in business practices that avoid negative consequences to their stakeholders. While multinationals retain basic rights (i.e.
Ethical Perspectives - Cross-Cultural Perspectives Vina Baptiste ETH 316 March 4, 2013 G. Edward McCullough Ethical Perspectives - Cross-Cultural Perspectives The Global Company I chose to research as a global organization is PricewaterhouseCoopers, known in the United States as PwC. I will identify ethical perspectives in this global organization and compare the ethical perspectives across cultures that are involved in this global organization. This company delivers assistance in quality assurance, advisory services, and tax. The company consists of a network of firms that offer these services. This network thrives on helping large and small companies to reach independent strength by showing in many ways how to survive form business to cultural and ethical diversity.
2. What role did top management commitment play in developing the ethical work climate and organizational performance seen at Alcoa? What other ethical safeguards are mentioned in the case to support the company’s efforts at developing a strong ethical culture? Ans: The top management at Alcoa were committed to its values. The CEO of Alcoa, O’Neill, in 1990s implemented the health and safety to the global ethics and compliance program.
COSO Plan Adoption Law/531 May 21st, 2012 Elizabeth Harrison COSO Plan Adoption Identifying and minimizing risk is essential for an organization to succeed. During the planning process an organization should adopt a structure for its corporate compliance plans to identify and minimize risk. Organizations can create their own plans or rely on organizations that specialize in enterprise risk management. The Committee of Sponsoring Organization of the Treadway Commission (COSO) is an example of an organization that offers structures of enterprise management. The purpose of this paper is to review and identify the most powerful recommendations from COSO and summarize the benefits of adopting the COSO structure as a corporate compliance
Why? DQ 3: What are two platforms that business leaders can use to demonstrate and articulate their purpose, principles, and values? Discuss them. DQ 4: Do you think consumers hold companies responsible for their actions? Why is it important to have a corporate code of conduct?
Ethics Paper MGT/498 January 20, 2014 Mix sustainable development, company social responsibility, stakeholder theory and accountability, and you have got the four pillars of company property. It’s an evolving construct that managers are adopting as another to the standard growth and profit-maximization model. Corporate sustainability is often viewed as a brand new and evolving company management paradigm. The term ‘paradigm’ is employed deliberately; in this company property is another to the standard growth and profit-maximization model. Whereas company property acknowledges that company growth and profitability are necessary, it additionally needs the corporation to pursue social group goals, specifically those about property development — environmental protection, social justice and equity, and economic development.
Effectiveness, measured in absolute terms, is the goal whenever management strives for the improvement of a single dimension. Whereas efficiency, measured in relative terms, describes the relation between different dimensions, e.g., socio-efficiency for the relation between the social and the economic dimension. The relation between the ecological and social dimensions refers to the question if a firm’s business activities contribute to an equitable distribution of access to and benefits from the natural environment among different societal groups. The common challenge for sustainable entrepreneurs and corporate sustainability managers that can be derived from the sustainability triangle is the so called integration challenge with its two facets: first of all, the contextual challenge which requires the simultaneous handling of social, ecological and economic issues and their synchronization with business goals, both in terms of effectiveness and efficiency; and also the methodological challenge which concerns operational integration of social and environmental management into conventional economically oriented business management. Each sustainability aspect (social, ecological or economical) demands considerations of efficiency, effectiveness and justice, and requires