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Why is it important for organisations to be ethical and socially responsible?
Wiki User
∙ 12y ago
Being Ethical and Socially Responsible are extremely important for organizations. An organization that is known to be ethical and display solid socially responsibility to the society in which the company is working.
Being Ethical means - doing the right thing and not doing anything illegal. Like not paying any bribe to government officials to get any permit or approval.
Being socially responsible means - giving back to the society where we are operating. Like giving donations to charitable organizations around us.
Wiki User
∙ 12y ago
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Between being ethical and being socially responsible?
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What are the guidelines to use in making ethical and socially responsible decisions?
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What accuratley describes socially responsible investing?
When investors buy into companys with ethical practices they support
Are bill gates and Microsoft ethical and socially responsible?
Bill gates and Microsoft always do their best to give products and services that meet ethical requirements. Microsoft has initiated several projects that show they are indeed responsible.
What is the definition of ethical trading?
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What is social responsible investing?
Socially responsible investing is when you look to make money, yet with the good of a community, the world, or the environment in mind. It is to invest where you are also able to do some good.
Are Nigerian businessmen socially responsible?
Most Nigeria Companies are socially responsible based on the following categories.1. Obstructionist: These are firm that operates businesses that are illegal and unethical to the society. Robbery, Fraudulent .2. Defensive: These are firms that operates businesses that are legal but unethical to the immediate environment.3. Accommodative Approach: These are legal and ethical in their business4. Proactive Approach: These are business that are legal and ethical to the society by proactivel developing strategy that are use to solve problems.
What standards does the legal environment in regard to ethical behavior in business?
The legal environment in regard to ethical behavior in business includes laws and regulations that govern issues such as corruption, bribery, fraud, discrimination, and environmental protection. Companies must comply with these standards to avoid legal consequences and maintain their reputation. Ethical behavior in business is important for building trust with stakeholders and operating in a socially responsible manner.
Define code of conduct?
ethical code can be defined as a system of principles and norms governing morality in a community with a view to be socially accepted/responsible.
What is responsible classification?
Responsible classification involves categorizing information or data in a way that respects privacy, security, and ethical considerations. It ensures that sensitive or personal information is handled appropriately and protected from unauthorized access or misuse. Responsible classification is important for maintaining trust, compliance with regulations, and upholding ethical standards in data management.
Is it socially responsible for organizaions to join associations to influence the government?
Organizational practices may strongly influence the ethical standards of employees. Some organizations openly permit unethical business practices as long as they are in the firm's best interests.
