Advance Business Ethics. The concept of corporate social responsibility (CSR) and how it differs from business ethics (eBook)

Armstrong Odiwuor (Autor)

eBook Download: PDF

2024 | 1. Auflage
8 Seiten
GRIN Verlag
978-3-389-02658-8 (ISBN)

Infos

Essay from the year 2024 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, Free University of Berlin (Business Administration and Management), course: Business Management, Marketing, language: English, abstract: This analysis paper delves into the intricate relationship between corporate social responsibility (CSR) and business ethics, elucidating their definitions, distinctions, benefits, drawbacks, and impacts. Corporate social responsibility encompasses an organization's commitment to integrating environmental and social concerns into its operations and interactions with stakeholders. It stands apart from philanthropy and charity, emphasizing a broader scope of initiatives aimed at achieving a balance between social, environmental, and economic imperatives. On the other hand, business ethics pertains to the ethical decision-making processes within a business, encompassing issues such as workplace discrimination, corporate governance, and insider trading. This paper explores the benefits of CSR, including enhanced reputation, brand image, stakeholder relations, and employee satisfaction. However, it also scrutinizes the drawbacks, such as resource intensiveness, investor resistance, and potential profitability challenges. Moreover, it highlights the role of organizational values in shaping CSR initiatives and discusses the increasing importance of CSR in the global economy. Drawing from contemporary literature and empirical evidence, this paper provides insights into how CSR and business ethics intersect and influence organizational behavior and performance. It underscores the significance of aligning CSR initiatives with core business values and strategies to foster sustainable development and competitive advantage in today's dynamic business landscape.

Hello! I'm Armstrong Odiwuor, a versatile professional with over a decade of experience in various fields including teaching, customer service, and freelance writing. Graduating with a Bachelor of Business Management degree from Mt. Kenya University and I have demonstrated academic excellence throughout my education, earning Second Class, First Division Honors. With a passion for both education and business, I embarked on a career in teaching, serving as a High School Teacher. There, I taught Business and Management subjects, fostering a positive learning environment and achieving outstanding academic results. My dedication to student success was recognized when I was awarded the title of Business Teacher of the Year for the best-performing class. Transitioning into the corporate world, I gained valuable experience as a Customer Representative. In this role, I handled customer complaints, provided appropriate solutions, and maintained records of customer interactions, demonstrating strong communication and problem-solving skills. As a freelance writer, I expanded my skill set by contributing articles, research papers, and guides. My expertise in business, management, and finance allowed me to deliver high-quality content tailored to client specifications, while also assisting clients with resume writing and personal statements. In addition to my freelance work, I am an accomplished author and a dedicated blogger. I have published articles and books on various topics, showcasing my ability to engage and captivate audiences through the written word. With a strong foundation in education, a passion for customer service, and a talent for writing, I bring a unique blend of skills and experiences to every endeavor. I'm committed to making a positive impact in their professional endeavors and look forward to continuing to grow and contribute in my future endeavors.

Produkt-Details

• Erscheint lt. Verlag: 24.5.2024
• Verlagsort: München
• Sprache: englisch
• Themenwelt: Wirtschaft
• Schlagworte: benefits of CSR • Best Practices • Business Ethics • Business Operations • Corporate Governance • Corporate Social Responsibility (CSR) • Drawbacks of CSR • environmental concerns • ethical decision making • Ethical responsibilities • ethical standards • Global Economy • Human Rights • Insider Trading • Investor Resistance • Organizational values • philanthropy • Profitability • Reputation Management • Resource Allocation • social concerns • stakeholder engagement • Stakeholder relations • workplace discrimination
• ISBN-10: 3-389-02658-4 / 3389026584
• ISBN-13: 978-3-389-02658-8 / 9783389026588