Corporate Ethical Responsibility Essay Example for Free

Corporate Ethical Responsibility Essay CARSI Inc. has long since served the business world since 1922 where it first introduced products and services that are economically acceptable to large-scale markets as well as small business ventures all over the world. These high-tech products include industrial machineries and large-scale shipping vessels that provide business transactions and trading. But the dawn of the Prohibition during the 1930’s forced CARSI Inc. into revising its corporate strategy. While surviving and maintaining industrial and trading quality from the 1930’s up to the present, CARSI Inc. has also opened new avenues of business ventures and management opportunities that gave rise to the CARSI Management and Training Division (CARSI-MTD). Founded in the 1990’s, CARSI-MTD is an outsourcing company that not only provides world-class training programs and strategies but also provides multitude of careers opportunities to the young, aspiring individuals as well as professionals alike. Its main goal is to provide a wide range of training and development programs that will enable more perspectives in business management, Human Resource practices, career development, and corporate business responsibility. As such, CARSI-MTD has produced top-caliber CEOs, executives, top-management officers, and leading theorists in the business practice through an extensive learning program that centers on intellectual development and practical application. CARSI Inc. and CARSI-MTD as of 1999, became a member of the prestigious Fortune-500 group of companies with a total net worth of over $5-billion. Also, CARSI Inc. has provided financial assistance as well as business development in third-world countries by providing a pioneering effort of encouraging small-scale businesses as a means of livelihood and societal development. To date, CARSI-MTD maintains high-standards, quality, and value over employees which are the essential of corporate success. Vision To be a corporate-responsible company that provide business career opportunities, investments, career growth, and quality management practices for aspiring professionals around the world. Mission To introduce to the business world a new perspective of business practices through social awareness, ethical business practices, theoretical business development, and personnel growth and satisfaction. To bring about change in labor-oriented companies through proper compensation, security, and benefits. Products and Services CARSI-MTD offers a wide range of products and services, specifically designed by CARSI Inc. to meet the standards of a globally-competitive market. These products include: CARSI-MTD Learning Institute – a company investment which further applies management, human resource careers into further study and forming theoretical frameworks that can be applied in real-world cases or situations, specifically on labor, personnel management, and human resources. Training Materials/Programs – in line with its Vision-Mission statement, the company also provides scholarly articles made by certified professionals that serve the benefit of schools, colleges, and universities that specialize on management courses. Practical Application Procedure (PRACP) – a unique development of CARSI-MTD which aims to apply methods of learning to practical methods in developing countries that stabilize economic problems, help cultivate Foreign Direct Investments and, maximizing country growth output. Cultural Responsibility The company’s moral responsibility lies firstly on the company’s purpose. The company aims to produce good business practices by maintaining high-standards of quality that ensures a sound and ethically acceptable ethical behaviour in companies. By enforcing quality, principle, idealism, and perfection into the standards set by the company, it presents an alternate and relative effect on businesses and corporations around the world. Second, the company aims to maximize profit of its stakeholders, without compromising personal, social, or cultural issues. Guiding Principles â€Å"Organizations must recognize the rights and interest of various stakeholders – not only stockholders and employees but also outsiders affected by the company’s actions† (Sims 2003, p.40). This is the main ethical principle for the company as it aims to not only protect shareholder and stockholder interests but also to take into consideration the company’s actions. The company assures job satisfaction among its employees, an ample amount of investment for stockholders, ensuring proper adherence to legislations and laws through different international governments, proper benefits for union members, fair competition, and being a responsible citizen in a communal aspect as well as affecting a change on the quality of life. The following are the main points of social responsibility of CARSI-MTD: Shareholders: An active participation on the distribution of profit, right to elect board of directors, transfer of stock, inspection of company books,etc. Employees: Economic and psychological satisfaction with employment. Protection from political or physical imputations of company officers. Fringe benefits. Right to the formation of a union and forming Collective Bargaining Agreements. Conducive working environment and conditions. Customers: Quality services through high standards (e.g. product knowledge, assurance). Reliable warranties. Extensive Research and Development Program. Unions: Recognizing as a legitimate bargaining agent of between employees and the employer. Competition: Recognizing the normative functions of a healthy, competitive business environment as dictated by the industry and organization. Governments: Proper adherence to taxes, public policies (fair and free trade) and the labor code. Society: Act as company that contributes to social formation a well as healthy environment in small communities, provision of unbiased employment, cultural and financial initiatives, charities etc. (Sims 2003, p.41). In the internal aspect, the company is guided by the following professional ethics: Accounting The company considers a strict compliance to company rule and policy to avoid creative accounting and misleading financial predictions and analyses, manipulation of company resources, black market trading, excess executive compensation, bribery, etc. Human Resources As a company aimed to provide opportunities to all, the Human Resource practice of the company strictly follows an anti-discrimination policy as well as adhering to local and international business laws with regard to age, gender, race, religion, among others. Also, the company maintains a healthy working environment by providing suitable working conditions. In addition, the company provides heavy penalties for office politicking, blackmailing and invasions of privacy. As such, company policies also state an assurance on occupational safety and health, transparency, and individual freedom. Sales and Marketing Marketing policy of the company is determined to reduce price fixing, discrimination and skimming through a more social and moral introduction to different alternatives and methods. Also, the company blatantly refuses advertisements and marketing strategies that manipulate the nature of sex, provide subliminal messages or exposing children, sexual orientation in its corporate strategies. Principles for Consideration Corporate Social Responsibility is the main guiding ideology in the formation of a Code of Ethics. â€Å"CSR requires the continuing commitment by business to behaving ethically and contributing to economic development while improving the quality of life of the workforce, their families, as well as community and society at large† (Sims 2003, p. 43). What CSR provides is a corporate ideology of the company as it aims to form the an ideology that is aimed at social and economical development rather than a pure capitalist view. Through a social initiative, the company has a purpose to exist morally and ethically as it aims to support social causes and awareness through fundraising and volunteerism, among others. However, the problem lies when CSR is taken for granted when it is the company’s duty to be socially aware and responsible.