Managerial ethics and corporate social responsibilityManagers today are usually quite sensitive to issues of social responsibility and ethical behaviour because of pressures from the public, interest groups, legal and governmental concerns, and media coverage. The survival and effectiveness of any organizational entity depend on the quality of support it gets from all stakeholders, including the society at large. The CSR is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the work force, their families as well as of the local community and society at large. Business needs a stable social environment that provides a predictable climate for investment and trade. Ethical theories and principles bring significant characteristics to the decision-making process. Although all of the ethical theories attempt to follow the ethical principles in order to be applicable and valid by themselves, each theory falls short with complex flaws and failings.
Social Responsibility And Business Ethics - Introduction
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Journal of Business Ethics. Despite a plethora of empirical evidence on the potential role of senior management in the success of corporate social responsibility CSR in Western-dominated organizational contexts, little attempt has been made to document the various managerial mindsets toward CSR in organizations in Muslim-dominated countries in the Middle East region. Based on an inductive analysis of the qualitative data, three types of managerial mindset toward CSR are identified: conformist, self-seeker, and satisfier. While it is evident that these different mindsets of Iranian managers seek to serve managerial ends and short-term self-interests, they fall short of core values of Islamic ethics and CSR. Financial benefits such as profit maximization and non-financial benefits such as talent management Bhattacharya et al. Although these studies have made significant contributions toward conceptualization of CSR, there remains a need for a critical analysis of the national and industry contexts that influence managerial attitudes toward CSR.