Corporate Responsibility and Ethical Issues in Business
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Crane and Matten blog: Top 10 corporate responsibility stories of 2013

Crane and Matten blog: Top 10 corporate responsibility stories of 2013 | Corporate Responsibility and Ethical Issues in Business | Scoop.it
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Ashley Bogar's curator insight, April 1, 2015 1:49 PM

I found this article very interesting, it shows how shallow corporations can be and the lengths they will go to in order to make or save money. The two stories I found the most intriguing were the first about the Rana Plaza building collapse and the second was Apple’s tax avoidance. The collapsing of the Rana Plaza took the lives of 1100 people. This could have easily been prevented through maintenance of the building and several people lost their lives due to the negligence the multi-million dollar corporations who occupied the floors of this building. I have previously done some research on this and found that Walmart was one of the large corporations that had products produced here. Prior to the building collapsing a petition was brought around to the companies, including Walmart in order to create regulations to maintain the building and they refused it. How ever much money it would have cost these companies to make this a safe work environment would never be of greater value then the 1100 lives lost.

I found the Apple tax avoidance very surprising. This company spent their time looking for loopholes in international tax treaties and funneling its European profits through a shell company in Ireland, as a result they avoided paying billions of dollars in taxes. This is very upsetting because so many people support Apple through buying their products and by them fulfilling their obligation of paying taxes they would have been rightfully giving back to the community. This is gives them a very cheap and negative impression as large corporations like Apple have a big impact on the economy and their surrounding communities. It will be interesting to see the impact this has on their sales.

The majority of these stories are good examples of the need for CSR in today’s society and it shows the negligence of corporations, lack of respect and need for greed. 

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Quality of Life & Corporate Responsibility

Quality of Life & Corporate Responsibility | Corporate Responsibility and Ethical Issues in Business | Scoop.it
Life keeps getting tougher for folks to survive.  While politicians and media pundits seize the opportunity of each life-changing event, families seek to make the best of a struggling economy.  Acc...
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Can you teach businessmen to be ethical?

Can you teach businessmen to be ethical? | Corporate Responsibility and Ethical Issues in Business | Scoop.it
In an interesting twist, creative people cheat more than others, because they are better at finding self-serving justifications.
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Is cheating something we have to endulge or can we insist that the rules be followed without having to punish? Can people be taught to be honest? Can customers train managers using buying habits?

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Oluseun Akinyode's curator insight, February 25, 2014 11:12 PM

To effectively teach ethical behavior in business schools, such that it is entrenched in our graduates, we may need to start with redefining the objective of a business. Contrary to traditional believe that the objective of a business is to make profit (satisfy shareholders), it should be to satisfy all stakeholders with no exceptions. The traditional perspective has been a driving force of the ‘very large elephant’ in the metaphor above. History has shown that top performing businesses could fail due to unethical practices and heavily impact a country’s economy.

We have to focus on taking out the parochial approach to defining business objectives to a more systematic -thinking approach. Teaching ethics and business separately will not do justice to this but defining business as a function of ethics will help in embedding in the subconscious of our graduates that business decisions and ethical behaviors are inseparable.

Alexa Purves's comment, March 27, 2015 2:37 PM
When I first started reading this article I disagreed when it was stated that ethics classes in school do not help future business people to be more ethical. Since taking a CRS course I feel that it does help make me more aware of how to conduct myself more ethically in business. However, as I continued to read I started to agree with what the author was saying. The author goes explains that one ethics class isn’t going to change how people conduct themselves five years down the road when dealing with a morally gray situation. Ethical values need to be put into place in all aspects of learning. In all classes there should be underlying ethical components that help to make business people fundamentally more ethical. According to the article, being ethical means being professional, honest, and honorable. These characteristics will become more ingrained in a person the more that ethics is part of the business school-learning environment.
Furthermore, the author stated that it is important that business ethics courses contain a large human psychology component in order that students understand what makes people behave ethical. For example, studies were done that found that subconscious things such as the type of lighting, or whether a person is being watched, can determine if they behave ethically or not!

This was an interesting article and I am going to hope that ethics are not lacking in the business world. I would like to believe that ethics is an important part of most business behaviour and that people strive to be ethically minded. I do believe that ethics classes are good and should be taught more frequently though, as I am sure there will be many times in the business world where decisions will need to be made and it may be tempting to take a less ethical path to obtain the end result.
Ashley Bogar's curator insight, April 1, 2015 10:29 AM

This article talks about the lack of trust people have in corporations due to scandals such as Enron (2001) and the global financial crisis (2008). A survey shows a decrease in the years of 2002-2007 of belief that a company’s primary responsibility is to maximize their shareholder value. It then begins to discuss the idea that ethical behaviour cannot be taught through lectures in school as you need to make it automatic and habitual which comes with ones upbringing and should rather be taught by creating a culture of ethics.

People who make unethical decisions are not bad people as shown in the Milgram Experiment where ordinary men believed they were electrocuting a screaming a man and continued doing so because an authoritative figured told them too. I believe this kind of situation happens very often in the corporate world where people make excuses for their actions, even when they feel it is wrong because the person telling them do so is seen to be very powerful and knowledgeable.

Sometimes these situations get taken too far as seen clearly in the Enroncase, little acts of over stepping the boundaries keep getting pushed further and further with the more they get away with. There is a point at which a person needs to come to their senses, take a step back and look at the externalities of their decisions. I believe that ethical decision making is a habitual and automatic trait that some people are missing, this is when they stop making excuses for their actions and become greedy for money and power. I believe that schools are able to instill this in students but as I agree with an article this will not happen through lecture but rather through creating a culture. To make things clear I am not saying it is okay to be unethical but every kid has stolen that candy from the convenience store knowing it was wrong when their friends dared them, it is about the limit at which one takes their actions and that limit is reached once people and the environment are being effected at ones expense.

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Top 10 Things Ethical Leaders Do: Tips from HR Compliance Experts

Top 10 Things Ethical Leaders Do: Tips from HR Compliance Experts | Corporate Responsibility and Ethical Issues in Business | Scoop.it
Many things make up an ethical leader, it's more than HR compliance. Read more to see our full list.
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For our HR folks

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Corporate Social Responsibility and Small Business: Does Size Matter?

Corporate Social Responsibility and Small Business: Does Size Matter? | Corporate Responsibility and Ethical Issues in Business | Scoop.it

Corporate Social Responsibility or CSR is set of programs that focus on the social and environmental repercussions of its corporate programs.

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I love small businesses - Entrepreneurs Rock :)

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Cogeco Cable Inc. : Publishes its Corporate Social Responsibility Report | 4-Traders

Cogeco Cable Inc. : Publishes its Corporate Social Responsibility Report | 4-Traders | Corporate Responsibility and Ethical Issues in Business | Scoop.it
Cogeco Cable Inc. announced today the publication of its Corporate Social Responsibility report. This report, issued once every two years, is produced according to the Global Reporting Initiative's...
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The Dilemma of Ethical Eating

The Dilemma of Ethical Eating | Corporate Responsibility and Ethical Issues in Business | Scoop.it
At first glance, it's not easy to be an ethical eater. We're told to cut back on meat to fight climate change and open up farmland for more nutrient-efficient grains.
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What can you do right now?

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Ashley Bogar's curator insight, April 1, 2015 1:52 PM

I really enjoyed this article. I have recently been watching a lot of documentaries such as Food Inc and Veugcated that talk about not only the brutality animals go through on factory farms but also the environmental and economic impacts. This article states that according to the United Nations our planet is currently producing enough food to provide every single person with  2,700 calorie in meals every day which is plenty enough to survive on.

One would never that think that eating meat would have an environmental impact but it actually produces more global warming than vehicles. I think that supporting neighbourhood farms and buying locally can have a very good impact on a society and if by making small changes that would help someone in poverty and also have a positive impact on your health why wouldn’t one do it?

It is understandable that people don’t like change but they also need to understand that the way we are currently living is shortening the life of the earth every single day. We also need global equality, no one deserves to live their life in poverty especially with it known that we have the resources to prevent this and I think many people who have everything they need at the tips of their fingers and more tend to take it for granted. I can admit for myself that I have taken many things for granted and that I am very lucky but I can also say that along with many people I have been uneducated about the circumstances but with my new knowledge I would like to take steps such as eating out less, and buying locally.I encourage people to do the same as small steps by many can have a great impact.

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Marketers Must Make the Ethics of Content Creation a Top Priority

Marketers Must Make the Ethics of Content Creation a Top Priority | Corporate Responsibility and Ethical Issues in Business | Scoop.it
marketing professionals must define an ethical standard for transparency in "content marketing" that goes beyond questions of legality and protects consumers.
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For our marketers...

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