Corporate Responsibility In Business Essay

4077 words - 17 pages

Business Ethics MGM250
Andrea Matcham
New England College of Business and Finance
August 24th, 2012

Topics Covered:
* Introduction about the course
* United Nations Global Compact’s CSR Principles
* Pluralism
* Strategic Management
* Crisis Management
* Climate of Trust
* Creativity, A Climate of Innovation
* Bribery and Corruption
* Unethical Practices
* MNC: Ecological Sustainability
* Renewable Energy Sources – The advantages
* Sarbanes-Oxley
* Whistleblowers’ Act
* Discrimination Based on Gender
* Religious Discrimination
* Conclusion
* References

This course encouraged us to explored and developed a higher ...view middle of the document...

With the rise in job layoffs due to the struggling economy locally and internationally many have had to address unfair treatment on issues directly to a labor relationship officer or hire a private lawyer. But, in general, the majority of Bermuda’s local and international businesses abide by our governing laws of our island. The majority operate their business with high ethical integrity. We are constantly evolving as an island and with these changes and move to amend our laws and acts to reflect these changes.
Another area, we explored was the meaning of Pluralism and its diverse value in our community. The United States immigration has had many changes over the last number of years. With these changes the religious landscape will be affected. This multi-religious society will now need to be a more pluralistic society. I found a really interesting site called The Pluralism Project at Harvard University. It is an excellent example which shows a good understanding of pluralism in the religious communities in the United States. We know that religious diversity is quite common among us and most individual strive to be tolerant but, pluralism takes it to the next level. Pluralism is actively engaging in the diversities amongst the religions. It is recognizing our achievements towards understanding our differences. We learn to hold our deepest differences not in isolation but in a relationship between one another. We learn to build a dialogue with each other through listening and speaking and making a commitment to understanding our differences even if we don’t always agree with one another. I really loved this site and found it inspirational and hopeful that we can strive to work together in truly embracing our traditions, culture, and religious differences in a health way.
The second week, we discussed Strategic and Crisis Management concepts, benefits and plans. I wrote on the importance of identify the corporate purpose through Strategic Management. I would like take it a step further and discuss the effects of the external audit can offer in the Strategic Management process. This process will provide an approach to making major decisions in your business future direction. I think that the external audit can identify internal strengths and weaknesses and also, external threat. By using the information that is gathered, you can establish long-term objectives and pursue the correct strategies in your business. An external audit provides information on many different levels in the business environment. Areas available for reviewing can be competitive activity, economic conditions, social and cultural trends, demographic changes, political attitudes to business, and regulatory changes. The outcome of an external audit can provide possible negative issues and positive opportunities in the business environment. This could impact your decisions either way. Certainly, new product development, market openings or closings, mergers...

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