Role of Ethics and Social Responsibilty Essay

Stakeholder – person, group or organization that has interest or concern in an organization (businessdictionary)

Firstly Stakeholder is an individual or a group who has an interest in the success of a business I delivering high results and maintaining the viability of the business’s products and services.There are internal and external

A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.

Ethics and ethical behaviors are the essential parts of healthy management. From a management perspective, behaving ethically is an integral part of long-term career success. Wide access to information and more business opportunities than in the past qualifies ethics as a key necessity in business world. Management ethics is the ethical treatment of employees, stockholders, owners and the public by a company in a fair manner. A company should have commendable ethics in place besides striving to make profits. In other words, employees should be treated well, whether they are employed in their hometown, country or overseas. By being respectful of the environment in the community a company demonstrates exceptional ethics. Excellent record keeping also play a pivotal role since this acts as a respectful gesture towards stakeholders and owners. Furthermore, it

?A stakeholder is a person such as an employee, customer, or citizen who is involved with an organization, society, etc. and therefore has responsibilities towards it and an interest in its success? (Cambridge

A stakeholder can be defined as a small group of people who can have an effect or be affected by projects, programs and organisations that may be within a community. There can be internal and external stakeholders. Some of these Stakeholders that exist have the power to impact an organisation or projects/programs in a particular way that is beneficial to those programs and originations within a community.

A stakeholder is someone who someone who benefits or is burdened by a corporation, or someone who the corporation benefits or is burdened by. (Steiner). Stakeholders are represented by two main groups; primary and secondary

Stakeholder define as a person, group or organization that has interest or concern in an organization. Some examples of key stakeholders are shareholders, employee, suppliers, customers, competitors and government. Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.

Organization business plan could not occur without integrity, and implementation of high-level ethical consideration enhances company value and market competitive advantages. The company needs to take immediate decision with regard to the ethical consideration to enhance organization market advantages. Three alternatives have been identified to address the problem regarding

Within a company, a stakeholder is a person who has a specific interest in a project or ventures that exist within. Typically, the primary stakeholder of a major corporation is the employers, customers, suppliers, and even investors (2012 Report on Sustainable and Responsible Investing Trends in the United States, 2012). However, with a more modern and contemporary premise the more conservative idea to embrace other stakeholders to include people from the community, representatives of the government, as well as representatives from trade associations. The basic premise of a stakeholder from a corporation is to further enhance the value of the shareholder and to ultimately maximize its profits.

The main aim of a business ethics is usually to determine the fundamental purposes of an organization. A company whose goal is to maximize shareholder returns would be violating fiduciary responsibility if it sacrificed profits to other concerns. Business ethics refers to the set of contemporary standards that govern the behavior of persons in a business organization. It has both normative and descriptive dimensions. The field is primarily normative when considered as a corporate practice. The range of concern on business ethical issues focuses on the interaction of profit-maximizing behavior with non-economic concerns. Ethics are vital when it comes to regulating and details in business that are beyond government control. Organizations

Stakeholder: - A party who stands to gain or lose due to business activity. (Freeman & Edward 2010. p.25)

Nowadays it is not unusual for an investor to reflect governance matters while deciding about investment determinations. As a result, numerous corporations are in the business of rating corporate governance procedures of public companies. Some corporations offer credit ratings in addition to governance ratings. As far back as the 70’s organizations have dealt with business ethics in a host of different approaches which includes the institution of compliance platforms and supervisors, adding of ethics boards, initiating codes of conduct, preparing, and distribution of company mission and values. Because of scandals in the recent past, there is heightened emphasis for US corporations and government

Ethics are moral principles of knowing right and wrong. All human action comes under the ethics of right or wrong. In the corporate world, ethics may be known as moral business principles.   As defined by Crystal (2010), “Business ethics is the behavior that a business adheres to in its daily dealings with the world” (Para. 1).   The company’s business ethics relate to the organization, its employees, consumers, and the surrounding community that may be the world.  In business ethics, the line

Stakeholders:- A group that has interest or concern in an organization . stakeholders can affected by the organization’s objectives and policies. stakeholder are creditors, directors employees, government , owners and the community from which the business draws its resources. Not all stake holders are equal. A company customers are entitled to fair trading but they are not entitled to same consideration as the company’s employees. Working in public relation we tend to focus our efforts to protect our client who is an important