Case Scenario:
"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 should:
Question 1: Define the terms ethics and social responsibility. What does being ethical and socially responsible mean for the organization?
Question 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.