In response to the question asked if it is possible that all things legal are linked back to some sort of ethics, or rather could all things that are ethical be linked back to some legality, I think that all things legal are linked back to some sort of ethics because for something to be legal- it has more power and something has already been established. The definition of legal would refer to something of which that is appointed, established, or authorized by the law. For example, in order to buy lottery tickets you would have to be the age of 18. As the textbook has stated, ethics is defined as the moral principles or values that generally govern the conduct of an individual or a group. I think this is the case because for something to be legal you have to qualify for it and fit the qualifications.
There are other differences between ethics and legal. For example, laws can change over
time, they vary from state to state. But, for the most part, political and economic interests are often determined for how laws get passed and what is in those laws. But on the other hand, ethics are way different. Ethics exceed time, place, and other qualities. In this case, this is possible for them to not be related at all in this situation.
Do you think that one has more power over the other? How would you qualify which is more powerful?
Wednesday, February 6, 2013
Monday, February 4, 2013
Corporate Social Responsibility
As stated in our textbook, corporate social responsibility (CSR) is a business's concern for society's welfare. This is related to the best interests of the company and the company's relationship to the society based on how it is involved.
It is known that CSR can be a divisive issue. In other words, it means that they tend to cause disagreement or hostility between people. According to Friedman: "Business executives spend more money than necessary-to purchase delivery vehicles with hybrid engines, pay higher wages in developing countries, or even donate company funds to charity. They are spending shareholders' money to further their own agendas." This can cause an issue among people because they are not spending their own money for their needs. Some would argue that this is not fair and I agree because they are taking money out of someone else's pocket to accommodate their own needs.
But, on the other hand, CSR has an increasing amount of supporters based on several compelling factors. For example, it is simply the right thing to do. Some of them include pollution and poverty-level wages. It is known for their responsibility of business to right these wrongs. I believe that businesses should be given the chance to solve these problems because they have resources and they can help with that. "Business can provide a fair work environment, safe products, and informative advertising." I believe this to be true because they are capable of doing anything they set their mind to and also they can do anything with extra help and support.
CSR has four components: economic, legal, ethical, and philanthropic. Which responsibility do you think is right for the society? Do you think different businesses would act upon it?
It is known that CSR can be a divisive issue. In other words, it means that they tend to cause disagreement or hostility between people. According to Friedman: "Business executives spend more money than necessary-to purchase delivery vehicles with hybrid engines, pay higher wages in developing countries, or even donate company funds to charity. They are spending shareholders' money to further their own agendas." This can cause an issue among people because they are not spending their own money for their needs. Some would argue that this is not fair and I agree because they are taking money out of someone else's pocket to accommodate their own needs.
But, on the other hand, CSR has an increasing amount of supporters based on several compelling factors. For example, it is simply the right thing to do. Some of them include pollution and poverty-level wages. It is known for their responsibility of business to right these wrongs. I believe that businesses should be given the chance to solve these problems because they have resources and they can help with that. "Business can provide a fair work environment, safe products, and informative advertising." I believe this to be true because they are capable of doing anything they set their mind to and also they can do anything with extra help and support.
CSR has four components: economic, legal, ethical, and philanthropic. Which responsibility do you think is right for the society? Do you think different businesses would act upon it?
Subscribe to:
Posts (Atom)