What is the connection between business ethics and social responsibility?

business ethics and social responsibility are two concepts that many individuals believe that goes hand in hand for companies in the business environment. Business ethics are the moral principles that the company uses to ensure that all employees act in an acceptable way in the fulfillment of business functions. Social responsibility is usually an ideological theory that governments and the general public have and believe that businesses should not follow in a way that is contrary to cultural or social standards. The marriage of these concepts occurs when companies introduce a written Code of Ethics, which shows that society acts only in its best interest if it does not damage society's social responsibility. What one business considers to be acceptable behavior can be considered as unethical or inappropriate. While there are many different types of ethics, a common good approach most combines business ethics and social responsibility. Ordinary good ethics is a Greek philosophy that saysthat all individuals should follow or use the ethical features that make the most for the progress of the common good of society. Although this ethical approach may apply to different regions or nations, the basic set of ethical features includes honesty, integrity, transparency and responsibility. These qualities ensure that owners, managers and employees do not have their own interest, but adhere to social values ​​as the main power for the company's operations.

Large organizations and publicly held companies often use the management and management of companies to support business ethics and social responsibility. This administration creates a framework of policies, procedures and instructions for all individuals financially invested in the company. In addition to the parties that do not have an investment, they can also benefit from the management and management of companies. Large aspolence organizations publicly held usually face greater controls concerning to speakIt is trade ethics because they command a large part of the region or economic resources in the country. These companies must try to give the benefits to local communities and increase the standard of living of as many people as possible and be careful not to pollute the surrounding environment.

While business ethics certainly play an important role in the business environment, it is possible for governments and individuals to demand too much social responsibility from companies. Although companies should not abuse or abuse natural and economic resources, companies cannot pay for all individual needs or wishes. Some governments, individuals or special interest groups may try to force companies to pay more money to improve the company than the company can afford. This may result in lower business profits and inability to pay for the future, more sensible and responsible social items.