Surname 1

Student’s Name

Instructor’s Name

Course

Date

The overall foundation for studying Business Ethics

The ideals and practices of an organization's culture serve as the "glue" that binds its members

together. An organization's culture has a significant impact on how it functions and how its

stakeholders perceive it. It serves as a guide for employees and prevents them from engaging in

behavior at odds with the "culture." Furthermore, the culture of an organization has a lot of

sways and even spreads like a virus. These findings are based on people's behavior changing

when they move into new environments and the fact that people can influence the behavior of

others in these environments. A company's culture can grow positively or negatively, so it must

be maintained to avoid detrimental impacts on the business (Stehr 513). This is something many

people do not think much about, yet it may significantly affect an organization's bottom line.

What are some of the positive contributing effects that lead to this conclusion?

Business ethics provides a firm foundation for a more profound knowledge of the ethical norms

and values that must be incorporated into our society. In our society, karma is a fundamental

principle. When it comes to determining one's future destiny, people worldwide believe in

karma, an idea held by many different cultures and religions. As the saying goes, "a person reaps

the benefits of his actions." This is how karma works. Whether a person's actions are good or

evil, they will result in them being the victim of a similar fate in the future. As a result of their

past activities or deeds, they will be punished in a way that allows them to be viable victims of

their crimes. This is why good corporate ethics are so important. A person is taught how to be
 Surname 2

honest in the corporate sector by removing corrupt practices. In some ways, it ties to this notion

of karma because it teaches the consequences that could arise from such business tactics that

could hurt the person's reputation and put the entire firm at risk. Increasingly, today's consumers

have a more sophisticated understanding of the world around them, and they are actively

involved in many major corporations. Because of this, firms must be extremely cautious while

dealing with these customers or simply conducting a specific activity. Today's consumer wants

to be identified with an organization that creates environmentally friendly products, donates

charity to the poor, has ethical labor practices, delivers good customer service, and has an overall

good reputation in the market (Stehr 516). Consequently, organizations must adhere to ethical

business practices to meet these expectations from the top to the bottom of their operations.

Studying business ethics will instill a feeling of responsibility in the individual, ready to face the

real world when they join the ranks of the world's largest organizations. This course will teach

them how to incorporate ethics into their activities while dealing with various professional

challenges. It teaches kids about the consequences of their acts, or karma, and how they can get

rid of their negative karma. Everyone has a second chance to make amends before things get out

of hand. The same concept can be used in the commercial sphere, as well. Why are so many

businesses implicated in corrupt activities still thriving in the real world? Why? Because these

companies may have been involved in corrupt practices, they have also done many good things

in the past, which has balanced out their karma and eliminated any negative consequences they

may have faced in the future, making it possible for them to continue their operations.

Individuals in the workplace can also benefit from this advice. How to deal with delicate and

unfavorable situations caused by a poor deed is taught in business ethics. To avoid additional

dire repercussions, it teaches you how to resolve such difficulties and fix the mistake committed
 Surname 3

by the individual in the most appropriate manner possible. When studying business ethics, a

person learns problem-solving abilities by analyzing the repercussions and dangers of a given

decision. One of the most important things that business ethics teaches an individual is that the

ideal decision is the one that has a positive outcome with the least risk and consequence.

Differentiate between a SHAREHOLDER and STAKEHOLDER orientations, and which

is more traditional/contemporary business.

A shareholder is a person who has made a financial commitment to a company by purchasing

stock in it. On the other hand, stakeholders refer to those whose interests are in some way

impacted by the company's actions. Stakeholders' scope extends beyond that of shareholders

because they are all members of the same entity. Stakeholders represent the entire micro-

environment of the firm.

By purchasing a share of stock in the company, shareholders become the company's owners. On

the other hand, stakeholders are not the company's owners; instead, they are the parties who do

business with it.

Shareholder primacy is a very recent concept, even though many business professionals today

assume it is a given in today's financial world. Management capitalism was the mindset of large

public corporations for most of the twentieth century (Lawrence and Weber 63). Self-selected

and autonomous decision-making boards were the norm in managerial corporations, with

shareholders playing a passive role. Many people believe that the ethical standards in business

are different from, but may even be lower than, the norms of ethics in ordinary life. Companies

are bound by the stakeholder commitments to particular stakeholder groups, creating new and

distinct moral obligations for the organizations involved (Ferrell et al. 41). However, it is not

apparent that the corporate community has fulfilled its commitments and responsibilities in
 Surname 4

proportion to its rapid rise in power. It is astounding to see the number of corporations and

executives found guilty of unethical or fraudulent behavior.

What is corporate citizenship, how is it related to BE and corporate profitability.

Newer terms like "Corporate Citizenship" and "Corporate Social Responsibility" are being

utilized by numerous companies, and they are closely tied to one other. 'Corporate Citizenship' is

more than just a catchphrase for a business. Businesses that have an impact on civic life can

broaden their horizons because of this. As opposed to an individual, a "Corporate Citizen" refers

to the value and substance that a company has created in the corporate environment. As the name

implies, the approach to Corporate Citizenship differs from organization to organization and

country to country (Lawrence and Weber 66). Many firms use the term "Corporate Social

Responsibility" (CSR) as a marketing ploy, while others utilize it to improve their share price

and brand value.

Corporate citizenship enhances business sustainability. One of the most critical factors in

protecting biodiversity in the long term is the ability of an organization to maintain a sustainable

balance between social, cultural, and financial responsibilities. Therefore, sustainability aims to

reduce or minimize the effects of organizational practices and operations on the environment and

surrounding and local culture to make them available for future generations while also helping to

conserve local ecosystems, create employment, and generate income (Lawrence and Weber 73).

More and more companies are making strategic decisions about the scope and nature of their

corporate sustainability programs. This is because most government systems, community

organizations, and individuals prioritize sustainability as a critical component of any social or

corporate strategy. When it comes to sustainability, businesses that have taken a proactive

approach are already reaping the benefits of their forward-thinking or future-oriented policies.
 Surname 5

Good examples of corporate citizenship in the real world

Example #1

The Coca-Cola Foundation Philippines obtained the NetSuite solution as a software donation

through the NetSuite.org corporate citizenship initiative, which provides free and

discounted subscriptions to qualified charity organizations and social entrepreneurs (Birch 57).

More than 400 organizations and social businesses have benefited from NetSuite.org's corporate

citizenship initiative since it was launched in 2008.

Example# 2

In 2008, an 8.0-magnitude earthquake struck western China's Sichuan province. Google

supported rescue and relief activities. To help earthquake relief organizations, Google raised

almost $2 million in donations and contributed $1 million in advertising space (Birch 59).

Communication platforms for resource support, a search engine for family members seeking lost

relatives, and an international forum for charitable donations were created by Google as a

demonstration of corporate citizenship.

 Surname 6

Works Cited

Birch, David. "Corporate citizenship: Rethinking business beyond corporate social

responsibility." Perspectives on Corporate Citizenship, pp. 53-65.

Ferrell, O. C., et al. Business Ethics: Ethical Decision Making and Cases. 12th ed., Cengage

Learning, 2021.

Lawrence, Anne T., and James Weber. Business and Society: Stakeholders, Ethics, Public

Policy. 2020.

Stehr, Christopher. "General Management und Corporate Social Responsibility." Corporate

Social Responsibility, 2015, pp. 501-518.