Ethical Business Essay Example | Topics and Well Written Essays - 2000 words

honorable Business - Essay Exampleole of the government, whether as a source of guidance and support, or as a barrier to honorable business and responsible business approaches, is also discussed.Carroll (1979) delineate responsible business correspond to four dimensions economic responsibility, legal responsibility, ethical responsibility, and a discretionary responsibility. This last dimension refers to volunteerism, such as corporate philanthropy, which is not exactly required by society, but is totally appreciated. (Michael & Alan, 2008)Responsible business quarter also refer to the commitment of the company to operate in an economically, socially, and environmentally sustainable manner speckle balancing the interests of a diverse stakeholders. (Responsible Business)Stewardship in business is defined by Hartman as the responsibility companies retain to understand and manage their impacts on the environment in any number of ways. Managers as stewards of companies produce to m ake profits, and at the same time, are expected to act responsibly when making decisions, respecting the rights of others (Jennifer), that is, the rights of others for a safer and better environment.Businesses are expected to operate within the legal framework set by the government. Some managers would quite a pay fines for breaking the law in order to generate more profits for the organization (Jennifer). This is unsloped unacceptable and does not constitute responsible business.Ethics are standards of moral behaviour (Nickels, 2010). Society dictates an ethical behaviour, since it is society that determines what behaviour is accepted as either right or wrong. Business acting ethically, and respecting consumer postulate and demands, can be significant from a public relations point of view.The European Commission defined CSR in 2006 as a concept whereby companies integrate social and environmental concerns in their business trading operations and in their interaction with their stakeholders on a voluntary basis (Malte