Ethical Behavior and Social Responsibility of Organizations

Ethical Behavior and the Social Responsibility of Organizations

Table of Contents:

Introduction ……………………………………………………………………….. 4

Defining Ethics …………………………………………………………………….. 5

Defining Social Responsibility …………………………………………………….. 6

Social Responsibility of Organizations to Internal Beneficiaries

Social Responsibility to Employees ……………………………………………… 7

Social Irresponsibility to Employees: Wal-mart …………………………………... 8

Social Responsibility to Shareholders …………………………………………….. 11

Social Irresponsibility to Shareholders: Enron ……………………………………. 13

Social Responsibility to the Supply Chain ………………………………………… 14

Social Irresponsibility to the Supply Chain: Monsanto …………………………… 15

Social Responsibility to Customers ……………………………………………….. 17

Social Irresponsibility to Customers: Aqua del Tunari ……………………………. 18

Social Responsibility of Corporations to External Beneficiaries

Social Responsibility to Local Governments ……………………………………… 20

Social Irresponsibility to Local Governments: Long-term Capital Management…. 21

Social Responsibility to the Environment and Future Generations………………. 23

Social Irresponsibility to the Environment and Future Generations:

Tokyo Electric Power Company.…………………………………………………. 24

Conclusion………………………………………………………………………… 27

Works Cited….…………………………………………………………………… 28

Ethical Behavior and the Social Responsibility of Organizations

Introduction

Proper ethical behavior is a significant part of conducting business. Organizations must therefore find ways to incorporate ethical considerations into their strategic plan. Firms need to practice self governance and obey existing laws if they are to ensure their survival and the well-being of the society in which they exist. The decisions made by an organization affect society as a whole. This paper will examine the social responsibilities of

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