Ethical Behavior and Corporate Social Responsibility

Ethical Behavior and Corporate Social Responsibility

Ethical behavior and corporate social responsibility go hand in hand. Business ethics is very similar to normal every day ethics in that it involves being fully aware of what we are doing, including the complications and consequences of our actions. Being aware of ethics in business requires us to be aware of two things. First, we have to have a need with complying with rules, such as laws, customs and expectations of the community, the principles of morality and the policies of the organization and such general concerns as the needs of others and fairness. Second, we should know how the products and services of the business are going to affect the employees, customers and society.

The days are gone when companies maximized its profits while ignoring the impact on the employee experience, the impacted customers and the environment. Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them. It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key