Ethics in Corporate Social Responsibility

Abstract

Ethics and Corporate Social Responsibility are recognized as important concerns in making decision in all aspects of our life. And it's contributing to accelerate process of overall development of a nation. India being second most populous country in world, and have largest number of people in need of basic amenities call for more intensive efforts as part of such initiatives in health care space of nation. We all know that people engage in business to earn profit. However, making profit is not sole function of business. It performs number of social function as it is a part of society. It takes care of those who are instrumental in securing its existence and survival. Business ethics are nothing but application of ethics in business. It proves that business can be and have been ethical and still make profits. Today more and more interest is being given to application of ethical practices in business dealings and ethical implications of business. The paper delves into a comprehensive understanding of how Business Ethics and Corporate Social Responsibility involves as concept and reason that encourage company in India to be socially responsible. Keywords - Corporate Social Responsibility, Economic growth, GDP, Amenity, health. I. Introduction In any organization, from top management to employees at all levels, ethics is considered as everybody's business. It is not just only achieving high levels of economic performance, but also to conduct one of business's most important social challenges, ethically. Ethics in business is nothing but do's and don'ts by business users in business. It is based on a set of moral and ethical values. These values must be absolute - that is, you must take them seriously enough to have priority over any human rationalization, weakness, ego, or personal faults. When all else fails, you will always look back to these core values to guide you or take you through. Unfortunately, life is not that easy and there's always disagreement about what values should reign supreme. A moral or ethical statement may assert that some particular action of certain kind is right or wrong, which may offer a distinction between good and bad characters or dispositions; thereof, may propound some principle from which more detailed judgments of these sorts might be inferred - instance one ought to always aim at general happiness or try to minimize total suffering of all sentient beings, or ... That it is right and proper for everyone to look after himself. All such statements express first order ethical judgments of different degrees of generality (Mackie, 1977). If we examine current literature on ethics, focus is on lines given by philosophers, academics and social critics. However, leaders, managers and engineers require more practical information about managing ethics. Ethical management in workplace holds tremendous benefit to all including engineers, managers, organizations and society. This is particularly true today when it is critical to understand and manage highly diverse groups, with different values at workplace and operating in globalize economic conditions of Socrates and Plato guidelines for ethical behavior (Moore, 2004). Ethics involves learning what is right or wrong, and then doing right -- but the right thing is not nearly as straightforward as conveyed. Most ethical dilemmas in workplace are not simply a matter of yes or no, on situation? Business Ethics denotes not only how business interacts with world at large, but also their one- on-one dealings with a single customer, resulting in business justification in terms of economic, ecological and social spheres. Today, we live in an age where businesses and society are more connected and interactive than ever before. The triple bottom line approach has been, and remains, a useful tool for integrating sustainability into business agenda. It has now become imperative that sustainability forms an integral part of strategic planning of contemporary business organization. To be precise, ethics is considered to be Science of Conduct.‖ Ethics includes fundamental ground rules by which we live our lives. Philosophers such as Socrates and Plato have given guidelines for ethical behavior. Many ethicists consider emerging ethical beliefs to be legal principles, i.e., what becomes an ethical guideline today is made into to a law, regulation or rule. Therefore following law of land is one of basic virtues of ethics.Infact, Values, which guide us how to behave, are moral values, values such as respect, honesty, fairness, responsibility (Spence, 2003). Many of