Ethics

Ethics and Responsibility

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13th July 2014.

Abstract

The theory of societal accountability puts forward that the private companies responsibilities to the community spreads further than generating revenues. Collective responsibility ponders the socio-ecological consequences of citizens, stakeholders, human resources, and consumer business practices. A tactical approach enables the corporations to regulate the practices that apply to being publicly accountable. It also enables the choice of practices that reinforce the competitive benefit. Businesses develop approaches within their freely integrated environmental and social apprehension in corporate activities. Therefore, this essay describes the moral principles and collective responsibility in growing the calculated strategy bearing in mind the shareholders agendas and needs. The essay also provides a model of one immoral business (Enron Corporation) that surpasses its moral limits for the shareholders agendas before examining the pre-emptive actions of avoiding such immoral circumstances.

Outline

Abstract 2

Introduction 4

Main Body 4

Ethics 4

Collective responsibility 4

The interests of shareholders 5

Overstepping moral limits 5

Preventative measures 6

Conclusion 6

References 7

Introduction

The starring roles of social accountability and ethics in increasing the tactical plan in view of the shareholder agendas and needs differ in regards to the values of different firms. In fact, not every corporation possesses similar moral principles and ethical values. During the procedures undertaken in mounting a calculated strategy, any industry ought to account for the needs of the major shareholders. Nevertheless, a number of companies fix the agendas for generating revenue as their main concern.

Main Body

Ethics

Ethics...