Question:

Social Responsibility and Ethics are two different issues.Define Social Responsibility as well as Ethics.How will each play a part in a company's international business operations?

Example of Answers:

Social Responsibility and Ethics are two different issues and defined as following. CSR (Corporate Social Responsibility) is a company's obligation to society, including the welfare of people and places affected by company activities.Ethics as defined in chapter 7 is defined as the branch of philosophy that addresses the values pertaining to human behavior with regard to the "rightness" and "wrongness" of actions and the "goodness" and "badness" of the intend and results of such actions.

Companies are increasingly ramping up their focus on social responsibility, whether its championing women's rights, protecting the environment, or attempting to obliterate poverty, on local, national, or global levels. From an optics perspective, socially responsible companies project more attractive images to both consumers and shareholders alike, which serves to positively affect their bottom lines."By exercising good corporate social responsibility (CSR), also called corporate citizenship, a company can engender high regard from its customers, who in turn want to give their business to the company". CSR operates as a type of corporate self-regulation incorporated into business operations. Economic activity flourishes in a business environment where businesses responsibly operate and have good relations with their customers and other constituents.

Ethics are principles, values, and beliefs that help us define what is right or wrong. They fall into three categories: code and compliance, destiny and values, and social outreach. When working globally, ethics also include respecting differences between co-workers, honest communication in the workplace, and trust.Often referred to as 'moral values', these are inherent in society to make distinction between right and wrong. In this way, social fairness is believed (by most) to be in the "right", but more frequently than not this "fairness" is absent. Every individual has a responsibility to act in manner that is beneficial to society and not solely to the individual.

These are important in business as not all cultures and global societies agree with principles set with organization from different regions.For example, in the Arab Unions woman are not viewed the same as the are in the US for example.In this case, a business needs to be aware of this when doing business.These countries are better aligned working with men than women.

What other countries have different culture values than the US?Can you think of one ethical value that resonates across all cultures?