Business Ethics and CSR
ASSIGNMENT TITLE:
RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFITS. DISCUSS
NAME OF STUDENT: TANMUGAVALLI PILLAY VYTHELINGUM
PROGRAMME: BSC(HONS) MANAGEMENT (MINOR: FINANCE)
LEVEL: 4
NAME OF LECTURER: G. NAPAL
MODULE NAME: BUSINESS ETHICS AND GOOD GOVERNANCE
MODULE CODE: MGT 2067Y(3)
TABLE OF CONTENTS
INTRODUCTION Page 3
PROFIT MAXIMISATION Page 4
EVOLUTION FROM PROFIT MAXIMISATION TO VALUE Page 4 MAXIMISATION AND CORPORATE SOCIAL RESPONSIBILITY
IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY Page 6
CORPORATE SOCIAL RESPONSIBILITIES AND THE Page 6 STAKEHOLDERS
CORPORATE SOCIAL RESPONSIBILITIES AND ETHICS Page 8
CONCLUSION Page 9
LIST OF REFERENCES Page 10
RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFIT. DISCUSS.
All organisations have an obligation towards the society and environment in which it operates. This obligation is often termed as Corporate Social Responsibility or Corporate Citizenship. In his book, A Planetary Bargain, Hopkins (2003) stated that Corporate Social Responsibility (CSR) “is concerned with treating the stakeholders of a company or institution ethically or in a responsible manner.” The fundamental role of any organisations is to protect all stakeholders; within or outside the company while keeping in mind the main reason for undertaking business activities; making profits.
INTRODUCTION
In 1970, Friedman stated that Corporate Social Responsibility (CSR) “hypocritical window-dressing”. Friedman (1970)
RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFITS. DISCUSS
NAME OF STUDENT: TANMUGAVALLI PILLAY VYTHELINGUM
PROGRAMME: BSC(HONS) MANAGEMENT (MINOR: FINANCE)
LEVEL: 4
NAME OF LECTURER: G. NAPAL
MODULE NAME: BUSINESS ETHICS AND GOOD GOVERNANCE
MODULE CODE: MGT 2067Y(3)
TABLE OF CONTENTS
INTRODUCTION Page 3
PROFIT MAXIMISATION Page 4
EVOLUTION FROM PROFIT MAXIMISATION TO VALUE Page 4 MAXIMISATION AND CORPORATE SOCIAL RESPONSIBILITY
IMPORTANCE OF CORPORATE SOCIAL RESPONSIBILITY Page 6
CORPORATE SOCIAL RESPONSIBILITIES AND THE Page 6 STAKEHOLDERS
CORPORATE SOCIAL RESPONSIBILITIES AND ETHICS Page 8
CONCLUSION Page 9
LIST OF REFERENCES Page 10
RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFIT. DISCUSS.
All organisations have an obligation towards the society and environment in which it operates. This obligation is often termed as Corporate Social Responsibility or Corporate Citizenship. In his book, A Planetary Bargain, Hopkins (2003) stated that Corporate Social Responsibility (CSR) “is concerned with treating the stakeholders of a company or institution ethically or in a responsible manner.” The fundamental role of any organisations is to protect all stakeholders; within or outside the company while keeping in mind the main reason for undertaking business activities; making profits.
INTRODUCTION
In 1970, Friedman stated that Corporate Social Responsibility (CSR) “hypocritical window-dressing”. Friedman (1970)
References: BAI. (2014, July 14). BRITISH AMERICAN INSURANCE. Retrieved from http://www.bai.mu/forme/ HOPKINS, M IBL. (2014, July 17). IRELAND BLYTH LIMITED. Retrieved from http://www.iblgroup.com/en/home INFINITYBPO MCB. (2014, july 13). MAURITIUS COMMERCIAL BANK. Retrieved from http://www.mcb.mu/en/ MILTON, F SBM. (2014, July 16). STATE BANK OF MAURITIUS. Retrieved from https://www.sbmgroup.mu/home.php?lang=en SCOTT, R., & WONG, K SILVERSTEIN, K. (2014, July 18). Enron, Ethics And Today 's Corporate Values. Retrieved from http://www.forbes.com/sites/kensilverstein/2013/05/14/enron-ethics-and-todays-corporate-values/