The Social Environment Essay -- Business and Management Studies

The Social EnvironmentEthics and Social Responsibilities----------------------------------Ethics be moral principles and judgements that many people regardshould be considered when a business makes any decision (for example,what is right and wrong? What is good and bad?). SocialResponsibilities are the duties that a business has towards the peoplewho are affected by its activities, for example, customers, employees,suppliers, and the local community.A good business is deemed to be one which acts in a soci each(prenominal)y trusty fashion, and takes ethical decisions and actions at alltimes. It minimises waste, it creates wealth, it treats its employeeswell, it respects the environment, it does not employ fat catexecutives, it is efficient in its use of resources, it meetsconsumers expectations and it returns some of its profit to thecommunity in which the sales are generated. local ethical issues in todays business world include1. The exploitation of cheap labour in foreign sweatsh ops.2. The use of child labour.3. relations with corrupt foreign governments and businesses.4. Causing damage to the environment.There are many advantages that businesses can gain from taking ahighly ethical and socially responsible stance1. Attracting and retaining high quality employees.2. Attracting new consumers.3. Generating good publicity.4. Attracting ethically-minded investors.However, taking a highly ethical and ...