Business Ethics and Social Responsibility and Its Impact on Efficiency Research Paper

Business Ethics and Social Responsibility and Its Impact on Efficiency - Research Paper Example As a consultant for this firm, the report made by the ABC consultations will also discusses the basic features that are the most prominent for the organizations, the social responsibility,and how these actually shape the overall strategic planning to eventually achievevalue creation as well as increased profit. The SR is a solid framework to discover and discuss relationships that reside in the business-society, which can be achieved by examining the corporations and their social impact (Carroll, 1991; Wood, 1991).There have been many researches that have encouraged open attitude directly related to the efforts that can generate a new way of thinking for the corporations as well as thebusinessesthat compete in the global society. The first part of thereporthighlights an introduction of the topicthatspecifies the subject as well as the basic purpose of the report. Then stated, are the research findings from the investigation, along with the analysis of the gathered information to fina lly end with recommendations. The paper therefore examines the features and tactics required by the XYZ Company on how these can be mixed in the practices of the organizations. The report will also highlight how business ethics helps in developing the social capital,as well as the practices that help the organizations sustain in the competitive environment of the global environments. The report ends with the eight basic characteristicsneeded to attain efficiency that is the responsibility of the owners as well as the managers of the XYZ organization. Introduction A good business that is involved in social responsibility and ethical business practices knows how to achieve a winning business of the new century. The practices of these businesses not only work towards providing value to the owners but also add value to the society as a whole. These businesses therefore not only condemn the unethical practices, but also aim to adopt those kinds of behaviors that that provides a positive impact on the stakeholders (The European Commission, Employment and Social Affairs Directorate; Clarson). As a consultant I will therefore identify the ethical practices thatthe XYZ Company must possess in order to examine the affects that ethical business and social responsibility have on the organization and its processes.