Corporate Ethics

ETHICS 4

CorporateEthics

CorporateEthics

Thedefinition of ideal ethics remains a transitory issue, but Paliwalasserts that “Ethics comes from the attainment of freedom,renunciation, which comes only when the individual attains a superiorstrength” (Paliwal, 2006, p. 4).

CopiedQuote: “There is a loss of faith in instruments of society.Business houses are becoming big with control of large resources,human, financial and technical, but their survival purposes to thesociety are always having the doubtful values” (Paliwal, 2006, p.4).

Paraphrasedsentence: Transnational corporations that have amassed capital,skilled labor, and technology remains irrelevant to the needs of thesociety because of engaging in unethical practices (Paliwal, 2006).

Racialprejudice is yet to end in the United States since “Discriminationcan be intentional, but it can also be unintentional. People canunwittingly categorize and stereotype others with respect to jobperformance.” (Hall, 2000, p. 98).

CopiedQuote: “He believed that the rules governing professional behaviorare generated by the group that dominate the profession and thatthese eventually become normative standards that, in many cases, areenacted into law”(Hall, 2000, p. 9).

Paraphrasedsentence: Hall presents the view that organizational culture andrules are determined by the behavior of the top managers, whoinfluence other employees to accept specific traditions as norms thatsuccessful direct the workplace (Hall, 2009).

Studiesattest to ideal rights, however Tasioulas elaborates “Moralrights-or one paradigmatic manifestation of them, usually referred toas “claim rights”-are sources of moral duties or obligations”(2010, p. 659).

Copiedquote: Tasioulas reveals that moral duties “are categorical, i.e.their application to the duty-bearer, and their weight or stringency,is independent of how the latter happens to be motivated”(Tasioulas, 2010, p. 659).

Paraphrase:Philosophy asserts that the man is weak to live according to idealethical norms since individuality is a burden that inspires itself byusing divergent assumptions (Tasioulas, 2010).

“Ethics,in the sense of an accepted set of rules are a prerequisite to anytransaction” (Schnebel and Bienert, 2004, p. 203).

Quote:“A liberal, capitalistic-oriented economy can function only if theparticipants and the responsible players follow a set of ethics”(Schnebel and Bienert, 2004, p. 203)

Paraphrase:Successful corporate social responsibility includes the capacity ofan organization to operate under a strict code of ethics (Schnebeland Bienert, 2004).

“Corporatesocial responsibility (CRS) illustrates the growing sense of discordsurrounding the ‘business of doing good’” (Mason &amp Simmons,2014, p. 77).

Quote:“The focal point of criticism on CSR is the board of directors, asthis key group defines and implements corporate strategy, and servesto safeguard the interests of key beneficiaries” (Mason &ampSimmons, 2014, p. 77).

Paraphrase:The reason behind the failure of corporate social responsibility isanchored on the self-seeking interests of the stakeholders and theboard of directors, who undermine the expected ethical transactionsto benefit (Mason &amp Simmons, 2014).

References

Hall,T. R. (2000). Introductionto Healthcare Organizational Ethics.Cary, North Carolina: Oxford University Press.

Mason,C., &amp Simmons, J. (2014). Embedding corporate socialresponsibility in corporate governance: A stakeholder systemsapproach. Journalof Business Ethics, 119(1), 77-86.

Paliwal,M. (2006). BusinessEthics. Delhi,India: New Age International.

Schnebel,E., &amp Bienert, M. A. (2004). Implementing ethics in businessorganizations. Journalof Business Ethics,53 (1-2), 203-211.

Tasioulas,J. (2010). Taking rights out of human rights. Ethics,120 (4), 647-678.