- Bikas Pandey (Senior Journalist & Ethics Consultant)
🔵 12 Points
============🎈 Ethics in business
is not just about adhering to laws; it is about fostering an environment where
integrity, honesty, and fairness are integral to the culture.🍳
🎈 There is evidence that
practitioners and academic researchers have different perspectives on the
relationship of business ethics and CSR. 🍳
🎈 Using communities of
practice theoretical perspective provides insights that are important to
understanding business ethics and CSR activities in the context of a business
organization. 🍳
🎈 Business ethics and CSR
have only informal relationships and diverse meaning in practice. This is in
contrast to many academic scholars interpreting business ethics and CSR as
similar and interrelated.🍳
🎈 Business ethics refers to
the principles and standards guiding businesses in conducting their operations
responsibly.🍳
🎈 CSR is a part of business
ethics and reject those that believe business ethics and CSR are
interchangeable.🍳
🎈 Ethical decision-making
helps companies avoid scandals, build trust with stakeholders, and maintain a
solid reputation in the market. 🍳
🎈 Customer perceptions of
these two constructs makes a significant contribution to advancing knowledge
related to improved understanding of how the two constructs contribute to value
and stakeholder satisfaction. 🍳
🎈 If managers and customers
can draw distinction between the two constructs then academic scholars need to
reexamine their belief that the constructs are interchangeable. 🍳
🎈 Businesses now acknowledge
that ethical lapses can lead to severe reputational damage and financial
losses. 🍳
🎈 At the same time, CSR
initiatives have evolved from optional goodwill gestures to being a core part
of strategic planning. 🍳
🎈 Existing research on relationship
business ethics and CSR related to brands is based on several different
perspectives. 🍳
🔵 Senior Journalist & Ethics
Consultant 💛💛
Let's foster positive change in people and organisations globally.
Feel free to share your thoughts and insights on this topic. 😊
About the Author:
Bikas Pandey holds MA (Philosophy) and MJMC, bringing a wealth of expertise in Journalism and Mass Communication. With a deep commitment to ethical media practices, he has honed his skills across Print, TV, and Digital platforms. As an Ethics Consultant and Digital Product Business Strategist, Bikas excels in crafting content strategies that marry integrity with innovation. His bilingual proficiency further enhances his ability to navigate diverse media landscapes with impact.
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