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Ho Chi Minh City University ofForeign Language – Information Technology
Department of Finance and Accounting
Speaker : Giang Gia Hân Student ID :
The relationship between business ethics
and social responsibility.
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What is business ethics ?
Re s p o n s i b i l i t y C o m m i t m e n t Q u a l i t y Re l i a b i l i t y
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What is social responsibility?It is an obligation to the community that the
companies need to do beside developing their business.
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Business ethics and social responsibility
Business ethics Social responsibility
conscience
make a positive move for society
help company reach high profits
but with social responsibility
without business ethics, business is capitalism at
its worst
without social responsibility, the
community will not benefit
Obligation
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The ultimate goal of a company
Maximum profits
Social responsibility
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It is hard to balance the profits and social responsibility in a company.
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For instance : Vedan VietNam company .
Vedan discharges large amounts of waste water untreated into the Thi Vai River.
More than 5,000 m³ poluted water was falled into the river per day.
Vedan’s total fine : 267.5 millions vnd.
Forced to pay environmental protection fees than 127 billions vnd.
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Nowadays, many companies consider social responsibility to be the good way to develop their business .
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For instance
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Therefore, making strategies and creating new ideas from the social activities is a good way for the companies to get the balance in profits and social responsibility.
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References :Retrieved information from :
Business Ethics: Ethical Decision Making For Business And Cases ( 2002 ) by Fraedrich, O.C Ferrell, Linda Ferrell.
http://business-ethics.com/2015/05/05/does-corporate-social-responsibility-increase-profits/
http://adage.com/article/cmo-strategy/10-companies-social-responsibility-core/143323/
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