Importance of Ethics and Social Responsibility Term Paper

An exploration the importance of ethics and social responsibility, including ethical and social responsibility practices.
# 150072 | 1,540 words | 9 sources | APA | 2010 | KE
Published on Jan 24, 2012 in Business (Management) , Ethics (General)

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This paper examines how both ethics and social responsibility play an important role in business management and how organizations, both public and private, feel the need to incorporate corporate responsibility in their organizational culture. The paper also discusses how business ethics encompasses analyzing ethical decisions, beliefs, and actions inline with business activities and how social responsibility deals with business conduct in respect to the broader social values. It questions the duties of business to the entire society. In this light, this paper discusses the importance of ethics and social responsibility and various practices and theories employed in different organizations.

Why Businesses Should Operate in an Ethical Manner
Why Businesses Should Operate in a Socially Responsible Manner
Ethical and Social Responsibility Practices and Theories

From the Paper:

"Social responsibility is an element of ethical conduct. It is improving the community in general. Areas of social responsibility include business giving, ecological and environmental quality, consumerism, government relation, and labor relations. Social responsibility improves the public image of an organization and enhances the local economy. Trust and excellent reputation are among the most important assets in any business that can only be realized through social responsibility. Social responsibility also attracts and retains employees who are committed to their task, hence improved performance. By doing so, companies can reduce the cost of recruitment. Moreover, social responsibility increases the customer base and attracts investors. Being a social responsible organization enable a business to gain competitive advantage. Developing products that are friendly to the environment adds value and increases sales in business. Investors prefer social responsible businesses because it is an indication of proper management and a good reputation (The Economist, 2009). "

Sample of Sources Used:

  • Brenner, S. N. (1992). "Ethics Programs and Their Dimensions". Journal of Business Ethics, 11,391-399.
  • Griffin, A. (2008). New Strategies For Reputation Management: Gaining Control of Issues, Crisis & Corporate Social Responsibility. Philadelphia, USA: Kogan Page Limited.
  • Henn, K. (2009). Business Ethics: A Case Study Approach. New Jersey: John Wiley & Sons, Inc.
  • Johnson, K.W. (n.d). Integrating Applied Ethics and Social Responsibility. Ethical Complexity or Ethical Chaos?. Retrieved October 09, 2010, from
  • McNamara, C. (2010). Complete Guide to Ethics Management: An Ethics Toolkit for Managers. Free Management Library. Retrieved October 9, 2010, from

Cite this Term Paper:

APA Format

Importance of Ethics and Social Responsibility (2012, January 24) Retrieved October 24, 2020, from

MLA Format

"Importance of Ethics and Social Responsibility" 24 January 2012. Web. 24 October. 2020. <>