Conceptualization of the Role of Ethics and Corporate Social Responsibility in Business Operations: A Review

International Journal of Computer Science (IJCS) Published by SK Research Group of Companies (SKRGC)

Abstract

Business organizations constantly strive to upgrade their established systems to maximize their profits. It is not uncommon to find ethical flaws in the strategic interventions adopted by companies to attain this goal. Many a time, it raises questions on business ethics and social responsibilities of a company. Business corporations depend on employees for their personal growth. In turn, they play an important role in improving the standards of society. Hence, the contribution of the company to society is undeniable. Although an old concept, business ethics and Corporate Social Responsibility (CSR) are increasingly addressed and implemented in the past two decades to improve the connection between corporate and social aspects. This practice is often conjectured as a hindrance to the growth and development of businesses. However, in reality, both these concepts when used smartly can redefine the progress of an organization. The available literature in the form of research articles, journals, magazines, surveys and private corporate sources has given significant insights to the role of ethics and CSR in success of a business. In this review, we describe the important characteristics of CSR programmes and business ethics to intercept the negative notions that exist in many organizations.

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Keywords

Business Development, Business Ethics, Corporate Social Responsibility, Profit, Organization.