How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and Corporate Social Responsibility affect the management of today’s organizations?
How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and Corporate Social Responsibility affect the management of today’s organizations?
Abstract
This article describes the importance of ethics and corporate social responsibility for managers of today’s companies and the effect it can have. In the beginning the discussion starts with the definition of organizational culture and goes then to the part of ethics and corporate social responsibility. In the next steps the effects of ethics and corporate social responsibility on managers and management of organization in the 21st century will be discussed and in the last there follows a conclusion.
Table of Contents
List of Figures
Figures
How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and Corporate Social Responsibility affect the management of today’s organizations?
1. Introduction
“Ethical values are now considered among the most important and have gained renewed emphasis in today’s era of financial scandals and moral lapses. A study of business news related to the 100 largest U.S. corporations found that a whopping 40 percent of them have recently been involved in activities that can be considered unethical”. One example for this is the financial crisis which started in 2008.
And with globalization “the world is getting smaller is dramatically true for today’s organizations”. . The “rapid advances in technology and communications, the time it takes to exert influence around the world from even the most remote locations has been reduced from years to only seconds.” . This means that companies that act in an unethical manner lose in seconds their creditability with their own stakeholders. With that in the mind it gets more and more important for the management of companies to implement ethics and corporate social responsibility in their day-to-day business and in the organizational
Abstract
This article describes the importance of ethics and corporate social responsibility for managers of today’s companies and the effect it can have. In the beginning the discussion starts with the definition of organizational culture and goes then to the part of ethics and corporate social responsibility. In the next steps the effects of ethics and corporate social responsibility on managers and management of organization in the 21st century will be discussed and in the last there follows a conclusion.
Table of Contents
List of Figures
Figures
How important is it to implement Ethics and CSR for managers of today’s organization? How does ethics and Corporate Social Responsibility affect the management of today’s organizations?
1. Introduction
“Ethical values are now considered among the most important and have gained renewed emphasis in today’s era of financial scandals and moral lapses. A study of business news related to the 100 largest U.S. corporations found that a whopping 40 percent of them have recently been involved in activities that can be considered unethical”. One example for this is the financial crisis which started in 2008.
And with globalization “the world is getting smaller is dramatically true for today’s organizations”. . The “rapid advances in technology and communications, the time it takes to exert influence around the world from even the most remote locations has been reduced from years to only seconds.” . This means that companies that act in an unethical manner lose in seconds their creditability with their own stakeholders. With that in the mind it gets more and more important for the management of companies to implement ethics and corporate social responsibility in their day-to-day business and in the organizational
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