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Published byLindsey Snow Modified over 9 years ago
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The application of moral standards to management behaviour. What is morally right and wrong. Ethical dilemma occurs when an organisation is faced with making a decision with all alternatives having some negative outcome.
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Organisations often implement a corporate code of conduct for employees to follow to make making ethical decisions easier and a part of workplace culture. A corporate code of conduct is a set of ethical standards for managers and employees to uphold.
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Social responsibility is the awareness of an organisation’s management of the social, environmental, political and human consequences of its actions. This is important as many customers choose to use an organisation based on its actions. Many organisations undertake a social audit. This is a report of what an organisation has done, and is doing, with regard to social issues.
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