Social Responsibility
Social Responsibility and Ethics for Agribusiness is necessary for doing different Agro related business. Social responsibility is the recognition that corporate practices have an effect on society and the consideration in decision-making by businesses of that impact. In addition, to generate profit, business entities manufacture products and services. At the same time, it must have some effect on culture, individuals, or the whole group, as well as society. Social accountability is a must for a business enterprise. If business firms fail to perform the task, then the business must involve cash. From this discussion above, we understand that the social responsibility of a business company is necessary.
The client, workers, environment, and investors must be accountable to a business organization. And the roles are as demonstrated:
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Responsibility to the client:
Business organizations generally accomplish their goal by selling their goods to the market. And clients are the key sources of a corporation for a corporate organization. The company organization must also have some responsibility for the consumer and these are discussed below:
The right to be safe:
the most important right of the customer to a product that is safe to possess. The business organization should taste the product and provide the customer with instructions for use. And the company organization should control the protection of the goods sold to the client.
Right to be informed:
Before buying a product, the consumer has the right to obtain usable information or all forms of information. The company organization should notify the user of the restriction or some kind of product issue. They should warn the client of unhealthy goods, such as “smoking is harmful to health.”
The right to close:
Consumers also have the right to choose a selection of goods at affordable prices. They will have the right to purchase a commodity that has a low price and quality. s
The right to be heard:
Consumers also have the right to have their opinions taken into account in the development of government policy and the decisions of business corporations that influence business organizations can employ skilled sellers for consumer relationships. They can keep the proposal and the complaint box and give the customer the right to comment on the items.
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Responsibility to staff:
Without workers, the organization cannot imagine a business. The staff who run the company entirely. So with the workers, the business organizations have some liability. The workers expect healthy working conditions, fair pay, equal opportunity and ample benefits, etc. Thus the workers’ rights are discussed below:
Workplace equality:
Workers in the workplace are supposed to be handled equally. The Equal Employment Opportunity Commission (EEOC) must be set up by business companies for all workers, irrespective of age, ethnicity, gender, religion or national origin.
Workplace safety:
The business organization should take the appropriate measures to program safety. To prevent various types of injuries, focus on safety training must decrease repetitive motion. To prevent duplication, the company should implement work rotation.
Responsibility to the environment:
Company operations have an environmental impact. Business practices still pollute our climate. So the business company has some responsibilities to the community and these are as shown below:
Air pollution:
Carbon monoxide and hydrocarbons that come from motor vehicles and from smoking are the sources of air pollution. There’s smoke from the brickfields. To help control air pollution, business organizations that produce motor vehicles have been formed to take a step towards catalytic converters.
Water pollution:
Water pollution is caused by the disposal of hazardous substances, rivers and agricultural materials are wild and trash and water pollution are caused by agricultural materials. The company should then take the requisite measures to control water pollution.
Land pollution:
the land is contaminated by coal and minerals, forest fires, waste disposal, tree cutting, etc. Sometimes, land contamination results in water pollution as well. Since it drains harmful water into the source of water. Thus by reusing materials such as paper, plastic, glass, and aluminum to produce other goods and control land emissions, the company organization will take steps.
Responsibility to shareholders:
Business companies also have certain commitments to the citizens who spend cash. That the organization runs by means of the money invested. The investors’ obligations are set out below:
Proper management of funds:
Companies have a duty to handle funds properly. It is the duty of management to investigate investors. They have to be aware of investors’ confidence.
Access to information:
Businesses are responsible for making stock information accessible to all potential buyers and have to avoid insider trading in order to preserve investors’ trust.
Executive compensation:
The organization should reserve the manager’s compensation structure. They should be well paid; the business gets a reward and a decent wage.
We grasped the social duties of business from the above discussion. For this descriptive stuff, business entities need to have certain obligations.
Ethics for Companies
Ethics are principles of conduct that differentiate between right and wrong. Ethical behavior conforms to what correct behavior is considered by a group or society as a whole. The determination of business practices and actions as right or wrong is business ethics. Business ethical standards are based on generally accepted norms of conduct defined by the expectations of society, the corporation, the industry, and the personal values of an individual. Nuner and Kelling, according to
“In carrying out their business, managerial ethics or business ethics are the standards of the organization.”
The realm of ethical conflict is the grey area between what is lawful and what is patently immoral. Ethical issues are also posed by people employed in the business. For eg, is taking home pens and pencils from the office ethical? Is it all right to make a quick, private long-distance call on the company phone, to use the company mail for a few personal things, or to take the company car to the mall on a trip?
Is it illegal for an expense account to ‘pad’? Will a member of the family be employed even though more skilled individuals are available? Will an employee hide details from a local reporter who participates in the disposal of toxic waste into a local river by the company or not?
There are examples of ethical dilemmas faced by people who do not have utter correct or wrong answers. There are no accepted ethical principles that govern all organizational behavior because ethical behavior depends on what society views as the norm for such behavior and on whom the behavior is judged. And since it is such an individual attribute, individual conceptions of what is and is not ethical serve to sustain the constant ebb and flow of the gray field.
Ethics and principles are related intimately. Values from parents and family, friends, teachers, and significant others are acquired early in life and are either strengthened or altered by subsequent experience.
Values are those enduring principles that determine that a certain mode of action or end-state of life is ideal personally or socially.
Today, a corporate company can’t do anything it wants for days. It cannot concentrate on its maximization of benefit. At the same time, both benefits and interests of society must be taken into account. Therefore certain laws and regulations and social traditions and duties must be observed. A business organization may fulfill the various groups of individuals in society by doing this. Business ethics applies to business organizations’ moral judgment against society.
So we may conclude, Ethics follow from principles and concern an individual’s convictions on what is right or wrong, good or bad. A degree of subjective judgment is still involved.
Nature of ethics for business
Ethics are learned from parents and relatives, friends, teachers, and important others early in life and is either improved or altered by subsequent experience. Business ethics discuss these business enterprise practices, some of which should be conducted and some of which should not be performed for society. Any corporate ethics must be observed by a businessman. Below, some of them are discussed:
1) Legality of Business Ethics:
Business practices must be lawful and some form of business activity must not be carried out.
2) Customer orientation:
All of his tasks have to be customer-oriented. He must bear in mind that the type of market is the customer.” He should therefore manufacture and sell products and services that can satisfy the customer.
3) Supplying goods of better quality:
A businessman must ensure that products and services of better quality are supplied. The minimum quality of his product and service must be maintained
4) Price:
The businessman argues that the purchasing power of the consumers is fairly priced for their goods or services.
5) Following rules and regulations:
A businessman must observe all government-formulated business-related rules and regulations.
6) Employer-employee relationship:
This is an important problem in maintaining a friendly relationship between employer-employees in an organization since it is primarily based on the organization’s achievements.
7) Avoiding fraud and cheating:
Unjust means are often avoided by a businessman. He does not plan to cheat or mislead clients or the general public. He still practices integrity and authenticity in his activities.
8) Environmental concerns:
Environmental issues are considered a critical concern in the present world. A businessman assures both the insiders and the outsiders a safe atmosphere to run the company smoothly.
9) Avoiding artificial shortages:
Some dishonest entrepreneurs create artificial shortages of goods and try to make more profit. It’s not welcomed here.
10) Meeting the claims:
the demand for various categories of individuals such as staff, supervisors, suppliers, etc. is not the same, but businessmen have to provide as per their requirements.
11) Preventing negative competition:
In order to effectively compete in the market, each and every business enterprise cooperates with each other. They should still prevent harmful rivalry.
12) Social welfare:
The primary purpose of company operation should not benefit generating. Businessmen have a social duty that must be fulfilled. In addition, to generate profit, business entities manufacture products and services. At the same time, it must have some effect on culture, individuals, or the whole group, as well as society. The businessman’s duty is to offer goods and services in a manner that is not detrimental to society.
Finally, the overall social security must be considered by a businessman.
