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17 Sustainable Development Goals Organisational Behaviour

Business ethics and corporate social responsibility (CSR) are important for companies. Business ethics guide how a company behaves and are based on moral principles of right and wrong. CSR refers to voluntary actions that benefit society. Implementing ethics and CSR can help companies build reputation, attract investors and talent, and increase productivity. While CSR activities are voluntary, they are important for consumer protection, the environment, and adhering to labor standards. Both ethics and CSR are beneficial for companies and society in the long run.

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48 views20 pages

17 Sustainable Development Goals Organisational Behaviour

Business ethics and corporate social responsibility (CSR) are important for companies. Business ethics guide how a company behaves and are based on moral principles of right and wrong. CSR refers to voluntary actions that benefit society. Implementing ethics and CSR can help companies build reputation, attract investors and talent, and increase productivity. While CSR activities are voluntary, they are important for consumer protection, the environment, and adhering to labor standards. Both ethics and CSR are beneficial for companies and society in the long run.

Uploaded by

Times of India Analysis
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRESTIGE INSTITUTE OF MANAGEMENT AND RESEARCH,

INDORE

Business Ethics & Corporate


Social Responsibility
Subject – Organisational Behaviour

Presented To – Dr. Gunjan Anand Ma’am


Presented BY -

1. DARSHIKA BHALE
2. KHUSHI AGRAWAL
3. KHUSHI MANTRI
4. PALAK JAIN
5. RISHAB WARDIYA
TABLE OF CONTENTS

01 02 03

Introduction to Ethics Importance of Business Ethical principles for


& Business ethics ethics business executives

04 05 06
Characterstics of ethical Intoduction to Corporate Types of CSR
Business decision social responsibility
07 08 09

Need of CSR
Strategies of CSR Best practices of CSR

10 11

Arguments for and Conclusion


against CSR
01
BUSINESS ETHICS
INTRODUCTION TO ETHICS
Ethics comes from the greek word ‘ethos’, which means moral character,
habit. Ethics means knowing the difference between right & wrong &
continuing to do the right thing.

Definition -

“ Ethics is that discipline which deals with what is


good & bad and also deal with moral duty &
obligations . Ethics are set of moral principles &
values.”
- Carol Buchholz
INTRODUCTION TO BUSINESS
ETHICS
Business ethics introduce in 1960 & which means the application of ethics in
business. Business ethics are moral principles that guide the way a business
behaves.

Definition -

“Business ethics is the study of business situations,


activities, and decisions where issues of right & wrong
are addressed.”
- Andrew Crane
QUOTES ON BUSINESS
ETHICS

Science brings

SOCIETY

To the next level;

ETHICS
Keep us there.
—Dr. Hal Simeroth
IMPORTANCE OF BUSINESS
ETHICS

Build
Reputation

Attract Increase Employees


Investors Productivity retention

Attract more
employees
Integrity

Promise -
Leadership
keeping
Ethical
principles
for business
executives
Fairness Honesty

Respect
CHARACTERSTICS OF ETHICAL
BUSINESS DECISION

Right Proper
V Good

Equitable
n Fair Just
02
CORPORATE SOCIAL RESPONSIBILITY
(CSR)
WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR)?

• The term corporate social responsibility (CSR) refers to


practices and policies undertaken by corporations that are
intended to have a positive influence on the world.
• The key idea behind CSR is for corporations to pursue other
pro-social objectives, in addition to maximizing profits.
• Examples of common CSR objectives include
minimizing environmental externalities, promoting
volunteerism among company employees, and donating to
charity.
4 TYPES OF CORPORATE SOCIAL
RESPONSIBILITY

• Environmental Responsibility

• Ethical Responsibility

• Philanthropic Responsibility

• Economic Responsibility
STRATEGIES OF CSR

Promoting halthy Aligning community


and inclusive Step 2 impact goals with Step 4
workplace cultures business practices

Designing goals Socially responsible


Step 1 with measurable Step 3 companies leverage
impact their core capabilities
BEST PRACTICES FOR
CREATING A CSR STARTEGY

Link to company values

Borrow great strategy

Be clear and transparent

Learn, respond, and improve

Get insights from your various stakeholders


IMPORTANCE OF CSR

• It aims at consumer protection.


• It aims at protection of local and global environment.
• It ensures avoiding bribery and consumption.
• It promotes adherence to labour standards by companies
and their business partners.
ARGUMENTS FOR SOCIAL
RESPONSIBILITY

Business is a Long term self- Moral


part of society interest of business justification
Society is system and business Social responsibility is in the long- Emerges from the fact that if any
is one of its subsystems term self interest of the business one takes something form others.

Creating Avoidance of
better image government regulations
Creates better image in Government aims at maintaining
the public. equilibrium in the society
ARGUMENTS AGAINST
CSR
 Conflict with Profit Motive
 Distortion in Resource Allocation
 Inefficiency in the system
 Operational Problems
CONCLUSION

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