Relationship Between Cole And Woolworths

All businesses have both ethical and corporate social responsibilities when conducting their day to day operations. Ethical responsibility is when the business has a set of values and guiding principles which are accepted and incorporated into business practices. Corporate social responsibility is when a business owes a duty towards the community as well as the environment. Businesses such as Coles and Woolworths take an individualism view in which they only care about their long term self - interest e.g. profits and sadly neglect their suppliers. Factors influencing ethical behaviour include: the person, organisation and the environment. Woolworths is focused on brand and loyalty while Coles are focused on increasing basket size. Although