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Published bySushmita R Gopinath Modified over 5 years ago
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ETHICS V/S SOCIAL RESPONSIBILITY DOS IN COMMERCE AND MANAGEMENT SUBMITTED BY: SUSHMITA R GOPINATH 1 ST YEAR Mcom “B” SUBMITTED TO: NIKHILA MAM FACULTY DOS IN COMMERCE & MANAGEMENT MANASAGANGOTHRI, MYSORE
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INTRODUCTION DEFINITION & MEANING OF BUSINESS ETHICS DEFINITION & MEANING CSR DIFFERNCE BETWEEN BUSINESS ETHICS & CSR EXAMPLES OF BUSINESS ETHICS & CSR REFERENCES CONCLUSION
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Social responsibility, on the other hand, often enters into the domain of business as the topic "corporate social responsibility" or simply CSR. As such, it is more focused on the corporation (or organization) and its obligations and behavior to other stakeholders in the larger social system.
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MEANING OF BUSINESS ETHICS Business ethics refers to a code of conduct that businesses are expected to follow while doing business. Business ethics compromises of all the values and principles that helps in guiding the behavior in the organizations.
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Corporate Social responsibility can be defined as the concept that states that businesses have a duty to use their power for the greater good. In other words, by regularly making money off their respective communities, companies have an obligation to pay it back by somehow helping the people who make up those communities.
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Applicability : As per Section 135 of the companies Act 2013 and rules issued there under, CSR norms are applicable on companies which has (a) net worth of Rs 500 Crore or more; (b) turnover of Rs 1000 Crore or more; or (c) net profit of Rs 5 Crore or more. Compliance : The companies, crossing the prescribed threshold, are required to spend at least 2% of their average net profit for the immediately preceding 3 financial years on CSR activities.
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Business ethics covers all ethics-related issues including supply-chain process, marketing and financing in all areas of functionally business. An employee is useless without ethics as he wont be having an idea of what is right & wrong. Business ethics carves out somewhat different territory having to do with issues like honesty, rights, equality and the exercise of corporate power. CSR is gives a good image to the business. CSR is an idea that has to do more with the social obligations than making profits. CSR is a more narrow construct than business ethics, touching less on questions of individual conduct and its personal motivations and intentions
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TATA GROUP The Tata Group in India carries out various CSR projects, most of which are community improvement and poverty alleviation programs. Through self- help groups, it has engaged in women empowerment activities, income generation, rural community development, and other social welfare programs. In the field of education, the Tata Group provides scholarships and endowments for numerous institutions. ULTRATECH CEMENT The company has organized medical camps, immunization programs, sanitization programs, school enrollment, plantation drives, water conservation programs, industrial training, and organic farming programs in 401 villages in India.
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https://corporatefinanceinstitute.com/resourc es/knowledge/other/business-ethics/ https://corporatefinanceinstitute.com/resourc es/knowledge/other/business-ethics/ https://www.quora.com/What-is-the- relationship-between-business-ethics-and- corporate-social-responsibility-CSR https://www.quora.com/What-is-the- relationship-between-business-ethics-and- corporate-social-responsibility-CSR https://www.slideshare.net/knraja50/social- responsibility-business-ethics https://www.slideshare.net/knraja50/social- responsibility-business-ethics
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