Global Ethics and Social Responsibility
Global Ethics and Social Responsibility
While conducting work in any type of business setting there is always ethical and social responsibilities that we all must face at one time or another. From big business to small local own businesses, it is important that knowing the right from wrong is very important. This would include training for both management and staff. Companies have a more extensive ethical and social responsibility training programs when their business expands to other countries. The relationship with the partner nation is so important, the company hold their personnel to more strict standards as compared to their home nation.
Corporate or Business ethics is the study and examination of moral and social responsibility in relation to business practices and decision-making in business (Dictionary.com 's). To put the definition to test, let’s examine the memorable Gulf Oil Spill. The world waited for BP Oil Corps’ reactions and responds to the oil spill in the Gulf. BP Public Relations survey the situation, waited for more facts and then after the some of the smoke cleared made a statement as early as possible. The first items that BP addresses were the safety of the crew on the platform, the platform and then the pipe beneath the platform. As time passed, BP later address the lost income of local fisherman, restaurants, hotels and other local small businesses that depended on the Gulf that supplied fresh seafood and tourist to their beautiful shores yearly. Income lost due to oil showing up on the shores and affecting local wildlife, decreased the business for most coastal towns. BP had a plan for clean up, they hired the same out of work people due to the Gulf Spill to help clean up the Gulf shore line. How is this global ethics? BP is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas
While conducting work in any type of business setting there is always ethical and social responsibilities that we all must face at one time or another. From big business to small local own businesses, it is important that knowing the right from wrong is very important. This would include training for both management and staff. Companies have a more extensive ethical and social responsibility training programs when their business expands to other countries. The relationship with the partner nation is so important, the company hold their personnel to more strict standards as compared to their home nation.
Corporate or Business ethics is the study and examination of moral and social responsibility in relation to business practices and decision-making in business (Dictionary.com 's). To put the definition to test, let’s examine the memorable Gulf Oil Spill. The world waited for BP Oil Corps’ reactions and responds to the oil spill in the Gulf. BP Public Relations survey the situation, waited for more facts and then after the some of the smoke cleared made a statement as early as possible. The first items that BP addresses were the safety of the crew on the platform, the platform and then the pipe beneath the platform. As time passed, BP later address the lost income of local fisherman, restaurants, hotels and other local small businesses that depended on the Gulf that supplied fresh seafood and tourist to their beautiful shores yearly. Income lost due to oil showing up on the shores and affecting local wildlife, decreased the business for most coastal towns. BP had a plan for clean up, they hired the same out of work people due to the Gulf Spill to help clean up the Gulf shore line. How is this global ethics? BP is a global oil and gas company headquartered in London, United Kingdom. It is the third-largest energy company and fourth-largest company in the world measured by revenues and one of the six oil and gas
Cited: Page business ethics. (n.d.). Dictionary.com 's 21st Century Lexicon. Retrieved December 07, 2011, from Dictionary.com website: http://dictionary.reference.com/browse/business ethics BP p.l.c (LSE: BP, NYSE: BP) wikipedia.org. last modified on 5 December 2011 at 15:21., from wikipedia.org website: http://en.wikipedia.org/wiki/BP World Economic Forum: Will Many Take The Global Business Oath? By Conner, Michael, 26 January 2010 from Business Ethics Magazine