University of Oxford Business Ethics and Corporate Social Responsibility Discussion

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Help me study for my Management class. I’m stuck and don’t understand.

Does the rise of interest in business ethics and corporate social responsibility always mean that business is becoming more ethical? What are the dangers and the benefits of corporate social responsibility and ethical behaviour, for organizations? Use examples to support your answer

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Individual Assessment Essay Write a 2,400 words essay (2400 words including references). ANSWER ANY ONE OF THE FOLLOWING QUESTIONS: 1. Does the rise of interest in business ethics and corporate social responsibility always mean that business is becoming more ethical? What are the dangers and the benefits of corporate social responsibility and ethical behaviour, for organizations? Use examples to support your answer. This is a two part question please make sure you answer both parts In the first part –using examples you are expected to demonstrate your understanding about motives /why organizations may take up CSR and ethical behaviour. In the second part you are expected to show (using examples) your knowledge about the advantages that come from being ethical and disadvantages from being unethical. It is useful to link the ethical and economic frameworks if/where necessary to support your arguments. Definition of key terms is important. Essay writing process A good essay will: Answer the question by covering all relevant points Include references in support of arguments Be well structured, with clear links between paragraphs There are typically six stages to writing a good essay: 1 Examining the question 2 Organising the relevant material 3 Making a plan 4 Producing a rough draft 5 Developing key points in paragraphs 6 Writing up the essay Formatting: Arial font. Size 12. 1.5 line spacing. You can use subheadings if you like. An abstract is not required for a standard essay. Marking criteria Addressed the question that was set (in accordance with the direction in the assessment) Question was comprehensively answered in accordance with the direction in the assessment (describe/evaluate/ critically assess/ compare, etc..) Possessed a clear argument Covered the key issues Was factually accurate Made good use of evidence Made good use of statistical or mathematical support Has a clear, consistent, and logically developed argument that leads convincingly to the conclusions drawn All pertinent issues are identified and included in a balanced analysis appropriately related to the question No errors of fact or attribution of findings or ideas to authors The opinion argued in the essay is consistently supported using relevant and high quality evidence G Question was addressed according to the directions in the assessment, but less comprehensively Has a logical argument that is less consistently or clearly developed but leads to the conclusions drawn Most pertinent issues are identified and included in a balanced analysis that was mainly related to the question S The question was not consistently the focus of the essay &/or the direction to describe/evaluate/ critically assess/ compare, etc.. was not achieved convincingly The question was not the focus of the essay or the direction in the question was not achieved The logical development is somewhat flawed and conclusions are only partly supported Important issues were not included or given sufficient weight or appropriately related to the question Some errors of fact or attribution of findings or ideas to authors that are due to the difficulty of the material or are insignificant in the context of the essay Some errors of fact or attribution of findings or ideas to authors that should not be expected at the level of study The opinion argued in the essay is supported using relevant and high quality evidence at the important points or the evidence used is not the most relevant or best quality The opinion argued in the essay is supported using relevant and high quality evidence in only some places or the choice of evidence is not appropriate The logical development is seriously flawed and the conclusions are not supported by the argument Most of the pertinent issues were not covered Consistent errors of fact or attribution of findings or ideas to authors that should not be expected at the level of study The opinion argued in the essay is generally not supported using relevant and high quality evidence Relevant statistical and mathematical evidence and argument is used and explained relative to the narrative in a manner appropriate for the discipline Some statistical and mathematical evidence and argument is used and in most cases it is explained relative to the narrative in a manner appropriate for the discipline Statistical and mathematical evidence and argument are used but it is not very relevant, and/or not explained relative to the narrative in a manner appropriate for the discipline Limited or inappropriate use of statistical and mathematical evidence which also may not related to the narrative in a manner appropriate for the discipline E P U The question was not the focus of the essay and the direction in the question was not achieved E= Excellent G= Good There is no logical argument nor appropriate conclusions S= Satisfactory No or very limited coverage of pertinent issues P= Poor Pervasive errors of fact or attribution of findings or ideas to authors that should not be expected at the level of study U=Unsatisfactory The opinion argued in the essay is not supported using evidence No or inappropriate use of statistical and mathematical evidence Made good use of diagrams/illustrations Appropriate and clear use and explanation of well designed and presented diagrams/ illustrations to effectively communicate complex ideas Showed evidence of critical, independent thinking Demonstrates excellence in original thinking in arguments or approach and a critical analysis of the literature and topic for the level of study G Appropriate use of diagrams/ illustrations but with less clarity in their design and/or explanation Some original thinking in arguments or approach and a critical analysis of the literature and topic for the level of study S Less appropriate (too many or too few) use of diagrams/ illustrations and/or with less clarity in their design and/or explanation P U E Was well structured Was well written The essay was very well structured with an effective introduction, a coherent and logical progression of argument through the body and conclusions that flow naturally from the preceding argument The essay was structured around the elements of introduction, body and conclusions but elements of these sections were not effectively written (often the introduction) English syntax and grammar are at an excellent level with appropriate use of discipline specific terms and narrative style that communicates clearly to the reader throughout the essay English syntax and grammar are at a very high level with appropriate use of discipline specific terms and narrative style that communicates clearly to the reader for the majority of the essay Some original thinking in arguments or approach and/or a critical analysis of the literature and topic for the level of study The essay was structured around the elements of introduction, body and conclusions, but the effectiveness of each in building the argument presented was limited Adequate use of diagrams/illustrations which may not be well designed or explained, but do not detract from the essay Limited original thinking in arguments or approach and/or a critical analysis of the literature and topic for the level of study The essay was structured around the elements of introduction, body and conclusions, but were not effective in building the argument presented No use or very poor use of diagrams/illustrations that detract from the essay No original thinking in arguments or approach and/or a critical analysis of the literature and topic for the level of study The essay lacked any structure English syntax and grammar are at a high level with less appropriate use of discipline specific terms and narrative style that communicates clearly to the reader for the majority of the essay, but with some repeated errors of expression English syntax and grammar are at an acceptable level with sometimes inappropriate use of discipline specific terms and narrative style that communicates but with some difficulty for the reader English syntax and grammar are poor so that the essay fails to communicate the content to the reader E= Excellent G= Good S= Satisfactory P= Poor U=Unsatisfactory Made appropriate use of the literature The literature used is of a type (text, academic article, monograph) that is excellent for the level of study and demonstrates independent research and reading The literature used is of a type (text, academic article, monograph) that is very good for the level of study and demonstrates independent research and reading The literature used is of a type (text, academic article, monograph) that is appropriate for the level of study and/or demonstrates independent research and reading The literature used is of a type (text, academic article, monograph) that is appropriate for the level of study but there is no evidence of independent research and reading The literature used is of a type that is not appropriate for the level of study and there is no evidence of independent research and reading Was correctly referenced The Harvard referencing system was used correctly and completely throughout the intext citations and reference list. All sources and quotes are correctly cited in appropriate places in the essay The Harvard referencing system was used throughout but with some small errors in the in-text citations and/or reference list. All sources and quotes are correctly cited in appropriate places in the essay and reference list The Harvard referencing system was used inconsistently in the in-text citations and/or reference list. Most sources and quotes are correctly cited in appropriate places in the essay and the reference list Referencing was inconsistently formatted in the in-text citations and/or reference list. Most sources and quotes are cited in appropriate places in the essay and included in the reference list No use of an accepted referencing system in either the in-text citation or reference list. References missing from the reference list. No evidence of plagiarism, however.
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Running head: CSR AND BUSINESS ETHICS

CSR and Business ethics
Student’s Name
Institutional Affiliation

1

CSR AND BUSINESS ETHICS

2

Introduction
✓ Corporate social responsibility and business ethics play a vital role in the
management of a business, whether private or public.
✓ Business ethics entails knowing what is right as well as what is wrong in the light
of business.
✓ It encompasses evaluating and examining ethical decisions, norms, and beliefs
as well as actions that are adopted in the process of doing business.
✓ Social corporate responsibility addresses business conduct taking into account
the general social values in a business environment.
Corporative social responsibility and business ethics in an organization
✓ Businesses are put in place to generate profits for the owner and other
concerned shareholders.
✓ Additionally, stakeholders are also crucial to the overall functioning of the
business.
✓ Stakeholders, for instance, dealers, customers, owners, and the surrounding
communities, form a significant part of the organization's activities.
✓ Customers, who are the target for the organizations, prefer products that meet or
exceed their expectations.
✓ Organizations must make them feel the value for their money while ensuring that
they are satisfied by the service delivery of the organization workers.
✓ Ethics in a firm are responsible for inline profits while ensuring the business
resources are well utilized to enhance support in the market.
✓ Ethics are responsible for pointing out to the organization on what prices to install
in their products as well as the wages best suited for their associates.
✓ Various companies in the United States strives to be incorporated among the
best business corporation in the Fortune Magazine.
✓ Corporate Social Responsibility focuses on enhancing the general community
where the franchise exists as well as the communities it serves.
✓ For instance, Google Go Green CSR initiative as well as Ben and jerry’s initiative
through its trademark Vermont-based brand.
Disadvantages of corporate social responsibility

CSR AND BUSINESS ETHICS

3

✓ It yields a shift in the primary objective of the company which is making profits.
✓ It alters the company's reputation as it creates shortcomings in the products they
produce.
✓ It can lead to impatient clients.
✓ It can result in a sudden increment in the general cost of production.
✓ It leads to increase in product prices to fund the community projects
Disadvantages of business ethics
✓ Business ethics yields reduced freedom to maximize profits.
✓ Companies can be forced to source their raw materials from Fairtrade suppliers.
✓ The process of integrating business ethics in a firm is long.
✓ As the process is long, it can lead to the development of false expectations
Conclusion
✓ Business ethics and corporate social responsibility are closely intertwined as they
are essential to business engagements.
✓ Therefore, firms need to observe the rising needs and demands of society and
integrate themselves appropriately, if any progress in business is to be made.

CSR AND BUSINESS ETHICS

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Running head: CSR AND BUSINESS ETHICS

CSR and Business ethics
Student’s Name
Institutional Affiliation

1

CSR AND BUSINESS ETHICS

2
Introduction

Corporate social responsibility and business ethics play a vital role in the
management of a business, whether private or public. All the companies feel the need
to integrate the two principles in their culture to foster growth, better customer
satisfaction, and enhanced reputation. Business ethics entails knowing what is right as
well as what is wrong in the light of business. It encompasses evaluating and examining
ethical decisions, norms, and beliefs as well as actions that are adopted in the process
of doing business (Griseri & Seppala, 2010). Thus, every franchise is inclin...

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