The Social Environment Essay -- Business and Management Studies

The Social Environment moral philosophy and Social Responsibilities----------------------------------Ethics are moral principles and judgements that many people acceptshould be considered when a vo zanyion makes any decision (for example,what is right and harm? What is good and bad?). SocialResponsibilities are the duties that a business has towards the peoplewho are affected by its activities, for example, customers, employees,suppliers, and the local community.A good business is deemed to be one which acts in a sociallyresponsible fashion, and takes honest decisions and actions at alltimes. It minimises waste, it creates wealth, it treats its employeeswell, it respects the environment, it does not employ fat catexecutives, it is efficient in its use of resources, it meetsconsumers expectations and it returns some of its profit to thecommunity in which the sales are generated.Topical respectable issues in todays business world include1. The exploitation of cheap labour in fore ign sweatshops.2. The use of child labour.3. Dealing with corrupt foreign governments and businesses.4. create damage to the environment.There are many advantages that businesses can gain from victorious a gamyly ethical and socially responsible stance1. Attracting and retaining high quality employees.2. Attracting new consumers.3. Generating good publicity.4. Attracting ethically-minded investors.However, taking a highly ethical and ...