Today I’m going to talk about business and ethics. First I’ll look at what is meant by business ethics. Then I’ll examine the kind of ethical considerations companies need to address, how they can go about doing business in a more ethical way, and look at some examples of ethical business practices.
So what are business ethics and why are they seen as important in today’s business climate? Business ethics relate to how a company conducts its business in order to make a profit. Although the primary goal of the company may be to make money, it also recognises that it has a responsibility towards the society in which it operates. The term ‘corporate social responsibility’ is often used, and nowadays many companies have strong corporate social responsibility programmes designed to help create a prosperous, inclusive society.
Now I’ll look at some basic ethical considerations that a company needs to address. The first area is how the company treats its employees. All employees should be treated fairly and with respect. A company that cares for its workers’ welfare will tend to have a happier workforce and a lower turnover of staff. It is also important that workers are recruited on a basis of equal opportunity.
The second area is how a company conducts its day-to-day business. In a manufacturing business, this includes how suppliers of raw materials are chosen and treated. A good example of this is the Fair Trade movement. This initiative ensures that small-scale farmers are paid directly and at a fair price for their crops. A company should also look at its policy on paying suppliers, and ensure that payments are made on time.
Another ethical consideration is the impact the business has on the environment. Manufacturing companies should strive to ensure that production is clean and careful, and look for ways to minimise energy consumption and waste products.
Finally, a company can also decide to give something back to the community it operates in. This can be in the form of ‘corporate giving’ programmes, where donations are given to community projects, or by initiating schemes to improve the local community and encouraging employees to work on these schemes.
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Today. when applying for a job. money is not the only thing i take into consideration.a good salary can ensure you a full-material life. but the working environment is the first point i think about. i'd like to work with friendly, and helpful 'staff, an employer who cares for his employees and solve the conflict arisen fairly. not take side with any group or anyone.we tend to misunderstand and be jealous of others' achievement or calibre cause we're all humans. i always have that feelings even with my best friends or my sister, brother. i crave more and more every day for some invisible things that i've already had, but ignore and think that why others can while i can't . sometimes, when conscious. the only way to stop that bad thought is to learn to satisfy with what i have....continue..
I completely agree with the comment of Jovanzapata45.
Actually the major brands who indeed violate the business ethics all the time.
I work in textile manufacturing business and had many experiences of social responsibility implementations. In most of the cases the brands demand one of their suppliers to set up a manufacturing facility with all legal and internationally accepted worker rights are conducted. In reality only a symbolic percentage of whole production quantity are manufactured in that showcase unit. The rest are being produced in other places out of sight.
The term Corporate social responsibility is used for the biggest companies around the world like Coca cola, Nike, Zara, among other. unfortunately, this companies don't apply this term, only say but not apply. It are very few companies that are responsibilities with the environment, community and society, employees, customers and suppliers.
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