One need only look at the news to be bombarded with examples of corporate malfeasance and the impact such behavior has on a company’s public image, customers, employees, and bottom line. And while these stories grab the headlines, some companies are adopting practices that display awareness of their impact on the globe, whether that be to the environment, its employees and suppliers, or communities in which they do business. What factors are leading to these decisions? What are the benefits and costs of making ethical business decisions and acting in a socially responsible way, however one defines it? Issues in Business Ethics and Corporate Social Responsibility explores these foundational themes across a wide range of topics, including artificial intelligence, workplace surveillance, supply chain management, big data, the finance industry, and many more. Coupled with a broad introduction by Dr. David Weitzner, a professor of management at York University, this book provides students with the essential information they need to assess business practices through the lens of ethical decision-making and corporate social responsibility.
Chapter : Introduction
What do we mean by “ethics” or “social responsibility” when applied to the realm of contemporary business practice? This is a fundamental question that needs to be answered before we can dive into the issues. This book offers an entryway to critically explore some of the most topical issues in business ethics and corporate social responsibility today.
In its most basic form, issues of business ethics or corporate social responsibility are those involving principles which seek to set limits on the scope or scale of our business activities, or impose obligations that go beyond the pursuit of profit. In general, these principles are tied to the subjective moral standards of the society in which the business operates. As such, ...