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Organizational Ethics Concepts
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Corporate Social Responsibility (CSR)
CSR refers to the self-imposed responsibility of companies to society and the environment beyond legal and economic obligations. It is important in the organizational context because it can enhance a company's reputation, build customer loyalty, and contribute to a sustainable business model.
Business Ethics
Business Ethics is a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It is crucial for maintaining a positive image, fostering good relations with stakeholders, and ensuring long-term profitability.
Whistleblowing
Whistleblowing involves an employee exposing illegal or unethical behavior within an organization to outsiders. In an organizational context, it serves as a check on malpractices and can protect the interest of the public by fostering an environment of accountability and transparency.
Conflict of Interest
A conflict of interest occurs when an individual's personal interests could potentially interfere with their professional responsibilities or duties. Recognizing and managing conflicts of interest is important to prevent biased decision making and maintaining trust in business transactions.
Code of Ethics
A Code of Ethics is a set of guidelines designed to help professionals conduct business honestly and with integrity. It serves as a roadmap for employees in an organizational context, providing a foundation for ethical decision making and nurturing a culture of ethics throughout the company.
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