Ethical Issues in Business Essay Example | Topics and Well Written Essays - 500 words

Ethical Issues in Business - Essay Example Likewise, the working definition from the ISO 26000 Working Group on Social Responsibility (2007) was noted as: â€Å"Social responsibility (is the) responsibility of an organisation for the impacts of its decisions and activities on society and the environment through transparent and ethical behaviour that is consistent with sustainable development and the welfare of society; takes into account the expectations of stakeholders; is in compliance with applicable law and consistent with international norms of behaviour; and is integrated throughout the organization† (International Institute for Sustainable Development, 2007, p. 4). When apparently asked by the area’s food bank for donation of day-old products, it was noted that management declined making any donation for the reasons that it could be a precursor for potential lost revenues which could be due to possible fraud and stealing by employees who might say they are donating the food. These statements are indicative of management’s narrow perspectives that focus on negative insights and unsubstantiated claims. In no way is corporate social responsibility being exemplified and manifested by Company Q by opting to throw the food instead of having other community members benefit from their products. To improve on Company Q’s attitude toward social responsibility, the organization’s management team must be apprised that organizations that actively implement and practice corporate social responsibility (CSR) by integrating CSR activities within their policies and philosophies, were found to be more productive and financially successful (International Institute for Sustainable Development, 2007). As such, the following recommendations are suggested: (2) Address any perceived potential fraud or stealing through enforcing stricter control measures that could easily detect violations of trust and applying sanctions through the organization’s code of