• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month


Extracts from this document...


SHOULD FIRMS BE INVOLVED IN SOCIAL RESPONSIBILITY AND ETHICS? I don't think anyone who even thinks about the answer to this question deserves to be in the business world. I agree that the previous generation has not given any or much importance to this factor, as long as they were selling goods & services, providing employment, and not breaking the law, but social responsibility goes way beyond this as they should be involved in selling safe products, being truthful to customers, helping the poor/contributing towards education, preserving the environment, treating employee's rightfully or even rebuilding slum areas. ...read more.


Which also means that social responsibility ultimately pays off, as a firm which treats it's employee's equitably, satisfying all their needs would notice that their productivity and quality standards is higher, which would ultimately lead to higher revenue. Businesses that contribute to the education of young people would improve their recruitment efforts as well as the quality of their workforce. What the world needs the most right now is an ethical manager who can differentiate between right and wrong, moral and immoral, and truly believes that their thinking and behavior towards others affects the way they think and behave towards them. ...read more.


to, take responsibility when requires ,and do no harm to others by believing that 'do unto others as you would have them do unto you' Ethical and responsible behavior may ultimately make good business sense because companies which are known to be reliable, conscientious, reliable and trustworthy are likely to have more people ready to do business with them. According to me, it's because of these greedy and selfish leaders who see to their own needs before others, that we are seeing this global economic turmoil, if they acted more responsibly, this would have never happened. By: Kavin S.Ratnani-GMIS (12B) ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. The importance of business ethics.

    This clearly shows how different ethics can be in different cultures, and the fact that most companies act for their own benefit rather than society's, and follows ethical norms just when its necessary. Altira Group is one of the biggest lobbyists in the United States.

  2. New business plan

    the chefs whose skills are directly passed on by precedent famous chefs, we can enjoy this proprietary benefits by gaining chefs directly from Beijing Royal Food Restaurant - the most famous and authentic one in China. As we will operate in Auckland City, therefore our restaurant is of urban tourism category.

  1. Provide a list of 5 ethical companies & how they become ethical?

    McDonalds McDonald's mission is to be the UK's best family restaurant and they believe that this involves protecting the environment at the local and global level. They strive to ensure that our operations today do not have a negative impact on the lives of future generations.

  2. business ethics

    Some people would say yes, the first business has a responsibility and it is now a link in the chain of unethical businesses. Many global businesses, including most of the major brands that the public use, can be seen not to think too highly of good business ethics.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work