Business Ethics And Corporate Social Responsibility For Business Success And Growth

In China, small- and medium-sized enterprises have a significant impact on fiscal morality because they place a high value on their products and tend to copy the behavior of others. Lu et al.’s assertion that the problem of economic morality is closely linked to one’s transactions with others is echoed by Yumei et al.’s rationale. Altruism, despite being a well-known philosophical concept, is not widely used in business.

The current COVID-19 pandemic situation necessitates a deeper investigation into the relationship between SMEs’ irrational behavior and economic morality . Instead of relying on conventional economic theory, behavioral economics theory is needed to better understand this problem (Webb et al., 2020). We are trying to develop a model of the practical relationship between and irrationality and morality for small- and medium-sized enterprises . This research will also assist as a basis for the creation of programs aimed at empowering small- and medium-sized enterprises to improve their economic mindset and behavior when managing their businesses. This course is about philosophical and ethical issues related to the conduct of business. Some tough-minded people believe that business is like a game where winning means making as much money as possible.

This is supported by a dedicated compliance and investigations team, new systems and technologies, mandatory training, and a company culture based on ethical business conduct and transparency. It involves promoting a positive image of your employer and organisation, especially to clients, co-workers, family and friends outside the company and on social media. Employees should also be loyal to each other, as establishing trust can lead to more open communication and productivity. However, employees should not uphold loyalty to the company above other principles.

Where a course has unseen written examinations, these may be held termly, but, on the majority of our courses, exams are usually taken in the Summer term, during May to June. In most cases, exams are held during the day on a weekday – if you have daytime commitments, you will need to make arrangements for daytime attendance – but some exams are held in the evening. Our Mental Health Advisory Service can support you if you are experiencing short- or long-term mental health difficulties during your studies. Full timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online .

There are many important reasons for maintaining and upholding business ethics in the workplace. Following this standard of business ethics ensures long-term success within the company. Strong business ethics often create an overall positive working environment that improves employee retention and productivity. They also improve respect among employees, leading to more collaboration and communication between colleagues. Increasing awareness of business ethics among employees can positively affect a company’s work environment. Knowing the fundamentals of business ethics and learning how to maintain them can increase professionalism, communication and understanding in your company.

In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester. This topic covers a wide range of issues, from National Minimum Wage obligations to Working Time issues, from employee engagement to “speak up” and from #MeToo to pay reporting. In addition to the self-evident moral and social reasons why employers should promote an ethical workplace, we regularly advise our clients on their legal obligations in this regard and the issues which may arise if they fail to do so. There has been a raft of new anti-avoidance and tax compliance legislation in a short timeframe, including a range of new reporting regimes, backed up by a marked increase in HMRC enquiries, and we expect this trend to continue.

Table 3 displays the statistical data for the information, such as the average value, variance, and coefficient of determination. The regression coefficient of variance explained was used to probe predictive relevance. Even as the square root of AVE is greater than just its connection with the other structures, the findings reinforce predictive relevance . A comparison of the AVE value systems with the maximum shared variance values for each factor is another method for determining discriminant validity (Ahmad et al., 2020).

Improving corporate culture is seen as essential in order for business to regain its standing in society, so that companies can secure their long-term franchise and their right to be heard in the debate on public policy. You’ll also work with organisations on live projects – for example, projects linked to social responsibility. And in addition to your focus on philosophy, business, and ethics, you’ll have the flexibility to choose from a wide range of optional modules outside of your core subject areas.