The Social Environment Essay -- Business and Management Studies

The Social Environment morals and Social Responsibilities----------------------------------Ethics are moral principles and judgements that many the great unwashed believeshould be considered when a affair 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 good decisions and actions at alltimes. It minimises waste, it creates wealth, it treats its employeeswell, it respects the environment, it does not employ fat vomit upexecutives, 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 honourable issues in todays business world include1. The exploitation of cheap labour in for eign sweatshops.2. The use of child labour.3. Dealing with corrupt foreign governments and businesses.4. cause damage to the environment.There are many advantages that businesses can gain from taking 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 ...