Organizational Ethics and Social Responsibility in Australia

Organizational Ethics and Social Responsibility in Australia

"the relationship of an organization's ethics and social responsibility to its performance concerns both organizational managers and organization scholars"(Daft 2007). Research evidence suggests that there is a small, but positive relationship between ethical and socially responsible behavior and the organization's financial performance.

In your essay, you must:

1. Define the terms ethics and social responsibility. What does being ethical and socially responsible mean for the organization?

2. Discuss whether a company should put ethics and social responsibility ahead of profit making. Why or why not? Provide examples and research evidence to support your answer with examples from an Australian company.