Write a report that covers potential ethical and corporate responsibility issues in your organization following issues1. You are a decision maker in your company. Analyze any potential ethical...

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Write a report that covers potential ethical and corporate responsibility issues in your organization following issues1. You are a decision maker in your company. Analyze any potential ethical dilemmas. As a decision maker, apply any four of these approaches to business ethics:• Utilitarian• Universalism (Deontology)• Ethical relativism.• Virtue ethics.• JusticeAfter an evaluation of the approaches above mentioned, and the potential ethical issue (s) what decisions should you make? Justify your answer using business ethics concepts (20 marks) (600 to 800 words)2. Evaluate the organizational culture in your organizations and its preparedness for implementing Corporate Social Responsibility initiatives. (15 marks) (600 to 800 words)3. Explain the following statement by Crane and Matten (2004): “The first layer of CSR (economic responsibilities) is the basis for all the subsequent responsibilities, which rest on this (ideally) solid basis”. How does this apply to your organization?(15 marks) (600 to 800 words)4. Analyze any ethical issues related to financial reporting that may arise in your organization. (15 marks) (600 to 800 words)5. Evaluate options for managing ethics and Corporate Social Responsibility in your organization. (15 marks) (600 to 800 words)6. How do issues of corporate governance be examined from an ethical perspective? Illustrate your answer with relevant examples. (15 marks) (600 to 800 words)7. Write a brief conclusion and introduction to the report (5 marks)
Answered Same DayDec 11, 2021

Answer To: Write a report that covers potential ethical and corporate responsibility issues in your...

Dilpreet answered on Dec 20 2021
148 Votes
ETHICAL AND CORPORATE RESPONSIBILITY ISSUES
Executive Summary
Considering the present times organizations are heading towards the success by keeping the potential care towards the society in mind. As the decision maker of the company there are certain things that I have to take into account considering the approach of the organization towards the society as well as the people residing in the society. The organizations deals with certain ethical dilemmas in their span whether it is from the society or their work environment. The case deals with certain ethical issues and dilemmas which is faced by the organization in the meantime at several steps. The report focuses on the prime issues faced by the organization and the approach initiated by the organization towards resolving t
he issues. The organizational culture of the organization also plays an important role in the company decisions as well as the strategies. It is the prime concern of the organization to schedule the things accordingly.
Table of Contents
Introduction    4
Ethical Dilemma    4-5
Organizational Culture of the Organization    5-7
The First Layer of the CSR is the Basis for all the Subsequent Responsibilities, Which Rest on Solid Basis    7-8
Ethical Issues Related to Financial Reporting    8-10
Managing Ethics and CSR    10-12
Corporate Governance from an Ethical Perspective    12-14
Conclusion    14
References    15-16
Introduction
The organizations inducing their business in the present world need to make the coordination with the growth and enhancement of the business to the societal approach of the business. The organizations face ethical and social issues at several instances whether it is at the financial level or the human resource level. The corporate governance followed by the company is also examined from an ethical perspective. Every company operating in the market has their own approach towards following the corporate social responsibility as well as the ethical issues. It completely depends upon the decision maker what are the possible ethical consideration they want their organization to follow as well as what kind of corporate social responsibility they need to initiate for their organization in order to increase its brand value.
Q1.
Ethical Dilemma
Considering the ethical dilemma in this case one of the major potential ethical dilemma for the organization would be offering a client a worse product for own profit. There are certain approaches adopted as per the ethics
Utilitarianism Approach- in this case the utilitarian approach considers the happiness of the person and considers the fact that the happiness of the person matters above the all. In the following situation the happiness is preferable for the owner point of view as they are selling the bad product and gain profit but for the customers it is a severe condition of loss and fraud as they are being cheated by the owner.
Universalism approach- the universalism approach considers the fact that prioritize the loyalty and concern for others without the regard to national or other allegiances. The universalism approach keeps the loyalty and concern towards the people as the prime factor. In this case it is observed that there is a severe breach of the loyalty as well as the concern towards the customer. As the organization is seeking only their own profit. This approach did not fit with the steps organized and taken by the organization on the immense level (Purshouse et al, 2018).
Virtue ethics- the virtue ethics considers primarily the honesty and the morality of the person. The ethics deals with the vale that practicing the good habits like the honesty and the generosity formulates a moral as well as virtuous person. Virtue ethics is the prime concern that guides the people in certain circumstances where they get indulged in some complex ethical issues. In this case virtue ethics is certainly not followed as no honesty is portrayed from the company side, which is an utter fact of shame. The organization did not tend to seek any kind of ethical consideration in their decision which was quite unacceptable.
Justice- Justice is the utter fact which proclaims that a behavior or an approach should be equal for all on all the fronts and on every context. Justice means a decision which is fair for all not any kind of biasness or hidden context should be practiced. In this case it is primarily observed that justice is not served clearly to the customers as unfair practices were carried considering them. Justice is the last concern of the ethical views as if justice is not served at the end the ethics implied is useless. As the ethics is formulated to treat everyone equally (Felipe, Roldán and Leal-Rodríguez, 2017).
As the case considers the fact that was replicated as a very unethical work. The act adjourned by the organization is potential ethical dilemma as through any context one side is achieving and the other side is losing and that too with fraud not generally. As a decision maker of the company I could not let the things go the way they are as it is unethical as well as it will possess a negative impact on the reputation of the company. Considering the above ethical approaches it is the prime duty of the organization to serve the justice for everyone as well as provide the happiness to everyone related to the organization whether it is their customer or the employees. The end fact get concerned with the morality issue as serving the justice following the morality is the main approach that the company need to consider while making its decision.
Q2.
Organizational Culture of the Organization
The prime organizational culture of the company includes
Talented
As per the fact considers the talent and innovation go hand in hand. This feature of the organizational culture adopted by the organization plays a vital role in the human resource development and processing of the organization. The development in the human resource factor ensures and enhances the internal services of the organization. The company not only intends the feature but also intends several training program for the employees and the staffs of the organization. The talent concern of the culture defines the objectives of the company as well as the values adopted by it (Van, 2018).
Diverse
Diversity is continually developed in the company’s organizational culture. The belief of the company is regarding the fact that the corporate culture leads to a dynamic workforce. The diversity adopted by the organization promotes creativity, innovation, brand image and as well as the competitive advantage. The diverse culture followed by the organization provides the room for certain creativity, advancement as well as development of the company. This feature adopted by the company maximizes the chance of the profit and growth for the organization. The diversification inclined by the company enhances its maximum growth and enhancement.
Inclusive
The company emphasizes inclusiveness in its organizational culture. The main purpose of this feature is to minimize the barrier to the employee performance. The company strategy uses inclusiveness as a prime tool for optimal performance, diversity and talent development. The organization extensively support this feature of the corporate culture through a team based approach to management. The inclusive feature adopted by the company minimizes the tension and internal problems of the organization. The factor and feature also help to gain the company certain competitive advantage over its competitor.
Preparedness for Implementing CSR in Organization
The preparedness for implementing the CSR in organization is considered relevant by formulating and adopting certain policies and initiatives some of them includes
Get involved with local communities- the preparation of the CSR is undefined without getting involved...
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