Corporate social responsibility takes ethics to higher level

Corporate social responsibility takes ethics to higher level since its involvement go beyond making the right or ethical decision. Discuss

Solution

Business ethics comprise of carrying out business following the code of coduct, legal considerations and within the realm of providing best services to the consumers as well as to the employees. It is a challenging task for the firms to balance between the interests of the shareholders and the concerns towards the environment and the society. In order to make it possible,corporate social responsibility is the right path. Corporate responsibility spreads into areas of ethics, regulations and legal issues. Thus Corporate social responsibility takes ethics to higher level.

CSR is not only to make right or ethical decisions but to have an impact on the economy and environment. Every firm wants tomake profit by producing certain products. Corporate Social Responsibility binds the firm to look for profit motive by producing products in an ethical manner which are beneficial to the customers and do not cause any hazards to the public and environment in general.

A firm being involved in cancer research and adopting avillage for fulfilling its basic requiremnets are all basic examples of CSR activities. While engaging in manufacturing, the firm causes pollution or deplete the natural resources.Through CSR activities and causing benefit to the society, the firm ensures that it achieves its business goals and earn profits in a socially acceptable manner.Thus CSR activities takes ethics to higher level.