Esthetics
from the Greek word Ethikos meaning behavioural pattern.
Ethics of a business can be
seen as the behavioural pattern towards business, it deals with the judgment
concerning rightness or wrongness, virtuous and Vicious, approval and
disapproval of an action.
SOCIAL
RESPONSIBILITY
Social
responsibility means eliminating corrupt, irresponsible or unethical behaviour
that might bring harm to the community its people or the environment even
before it happens.
Therefore, ethics and social responsibilities is
concerned in the way companies conduct their business in an ethical way,
tasking account of their impact economically, social environmentally and in terms of human rights.
Problems And
Challenges Of Ethics And Social Responsibilities Of Business
Organization/Environment In Nigeria
1.
The lack professionalism in
Management Styles: Many Nigeria managers do not perceive social responsibility as one of
the key functions of management. The managers lack of social skills to deal
with social matters.
2.
Many Nigerian enterprises are
very small in size and their financial strength precludes the consideration of
social responsibility as a task that must be seriously considered. Some of the
other large companies are owned by foreign firms whose main pre-occupation is
profit maximization. Some of these firms see social responsibility as a patriotic
gesture best undertaken by indigenous businessmen to help their country.
3.
Involvement in social activities could adversely affected the economics
health of a business enterprise. It is contrary to the basic function of the
business. For example business enterprise may want to maximize profit or
organization market share which is the objective of the organization. Many companies
involve themselves in social activities because of the tax exemptions or the
income spent on special purposes.
4.
Lack of Supplier and
Customer Relationships: Many organizations lack basic positive supplier and customer
relationships. This thereby leads to the stunted growth of their organizations.
5.
Lack of Sustainability: Basic social responsibility
and sustainability practices in supply management are not practiced by many organizations.
6.
Lack of Confidential and
proprietary Information: Some business organizations do not protect confidential and
proprietary information. They lack basic database systems that save basic
information for future use.
7.
Reciprocity: Many officials of
organizations usually involved their selves in improper reciprocal agreements
with the authority, thereby making the vision of the organization to be
destroyed.
8.
Applicable Laws, Regulations
and Trade Agreements: Many employees and employers of labours sometimes failed to know and
obey the letter and spirit of laws, regulations and trade agreements applicable
to supply management.
9.
Lack of Professional
Competence:
Many business organizations lack developed skills, expand knowledge and conduct
business that demonstrates competence and promotes the supply management
profession.
REFERENCES
Akinyemi, A.O. (2002). Effective Business Training
and
practice: ethical side.
Crane (2008). The Oxford handbook of Corporate
Social
Responsibility,
Ekpo-Ufot, A. (1990). Exploratory study of
indiscipline in
Lagos Unpublished research
work, Department of Business Administration, University of Lagos.
Eso, K. (2007). Twentieth anniversary lecture in
honour of
the memory of Chief Obafemi
Awolowo. Sunday Tribute. 1568, p.10.
SOME COMMON
PROBLEMS AND CHALLENGE OF ETHICS AND SOCIAL RESPONSIBILITIES OF BUSINESS
ENVIRONMENT IN NIGERIA ARE:
1.
CONFLICT OF INTEREST: This is a situation in
which a business decision may be influenced for personal gain.
2.
WHISTLE BLOWING: This is concerned with
employee’s disclosure of illegal, in moral or unethical practices in the
organization.
3.
LOYALITY VERSUS TRUTH: Business people expect
employees to be loyal and truthful but ethical conflicts may arise.
4.
HONESTY AND INTEGRITY: Telling truth and adhering
to deeply, felt ethical principals in business decisions.
5.
Discouragement reporting unethical conduct.
6.
Those who report violation are not protected from retaliation.
7.
Managements leissez affairs attitude to employee especially bon ethical
violation.
8.
Social responsible firms are likely to be less efficient and may be
driven out of business by more efficient competitors willing to single mindedly
pursue-profits.
9.
Firms that give profit are more likely to fail and become a detriment
to society because jobs and stockholders investment are lost.
10.
INABILITY TO PROVIDE
ADEQUATE TRAINING FOR THE WORK FORCE: Several training programs aimed at encouraging
ethical practices within their organizations. Such programs do not attempt to
teach what is moral or ethical but, rather to give business mangers criteria
they can use to help determine how ethical a certain action might be.
11.
Despite these implication the restructurings, cutbacks, and layoffs of
recent years have made ethical behaviours harder to encourage.
12.
Managers in restructured or downsized organization cannot monitor employees’
day to day behaviors.
13.
We must respect their dignity and recognize their merit.
REFERENCES
Copy right @2013 MCgraw
–HCL, INC
CHO2-intro to Business 1.ppt
Chapter 03 ppt
DEPARTMENT: SOIL AND ENVIRONMENTAL MANAGEMENT
FACULTY: FARM
COURSE CODE: MAN 201
COURSE TITLE: ELEMENT OF MANAGEMENT
TOPIC
WHAT ARE THE
PROBLEMS AND CHALLENGES OF ETHICS AND SOCIAL RESPONSIBILITIES OF BUSINESS
ORGANIZATION/ENVIRONMENT IN NIGERIA