Corporate Ethics and Social Responsibility

Abstract

The limitation of law determines that an economy without moral and ethical norms is necessarily an inefficient economy. If the development of today's enterprises only relies on legal constraints will not be able to achieve long-term development. Generally speaking, the concept of ethical management is to reflect the moral expectations of the group that has interests with the enterprise in the decision-making of the enterprise on the premise that the enterprise complies with the law. The content of ethical management includes paying attention to social responsibility, emphasizing corporate citizenship consciousness, facing the whole society, establishing the ethical and moral system and ethical mechanisms. Among them, Corporate social responsibility has attracted extensive attention from all sectors of society in recent years. Corporations’ social responsibility can be divided into economic responsibility, legal responsibility, environmental responsibility, community responsibility, and charitable responsibility. Many scholars have done a variety of research on corporate ethics and corporate social responsibility. But many people confuse the two concepts. Although the practice of corporate social responsibility is also developing with the change of business ethics. They are by no means the same thing. This essay classifies ethical management and social responsibility. Ethical management within the enterprise, through the efforts of the staff at all levels in the enterprise to create a good atmosphere, but the social responsibility of the enterprise pays more attention to the stakeholders, such as partners, customers, competitors, communities and governments, etc. At present, global economic integration has raised everyone's social responsibility to an unprecedented height. In a word, the modern enterprise is not only simple cooperation between capital and wisdom but also a perfect cohesion of morality, conscience, and personality. By assuming social responsibility, enterprises will establish a good reputation and image among stakeholders, so as to improve the competitiveness of enterprises. This essay will be based on this to discuss the significance of ethical management and social responsibilities in the contemporary business environment. In addition, this essay will analyze the reasons for the existence of corporate social responsibility and propose specific ways to strengthen corporate social responsibility.