How to Apply Business Social Responsibility with Business Ethics Simultaneously?
A business is expected to develop a Social Responsibility system that is tailored to their business environment. If Social Responsibility is managed by a company, it can also be part of the company’s economic activities. Maintaining social responsibility at the company will ensure the integrity between the community and the surrounding environment is protected.
Balancing the demands of shareholders and the need to increase profits with the welfare of employees and the environment is a challenge for the company. For example, many drug companies or chemicals that produce pesticides or drugs have a continued impact on the surrounding environment. These impacts can be in the form of pollution, waste that damages the surrounding environment, and other impacts that pose potential hazards to employees and even the surrounding population. Finding a middle ground in such situations is not easy, and unfortunately there are still businesses that are more concerned with their financial condition than the safety or health of humans or the environment.
This can be considered a Business Ethics problem because it involves responsibilities and obligations not only to shareholders, but also to the community and the surrounding environment. All parties, from customers to company executives, will be affected by the problem of violating Social Responsibility and Business Ethics.
There is no industry or company that does not – at least once – deal with the issue of Social Responsibility and Business Ethics. Conflicts of interest, product safety, advertising, shareholders, and the community play a role in how the company can be accepted by the community and the surrounding environment.
Social Responsibility and Business Ethics are a continuous entity that has an impact on many parties globally. Balancing this with economic considerations is not easy. While many people believe that decisions regarding Social Responsibility and Business Ethics should not be that difficult. In essence, making positive choices and decisions can also create a positive impact on business productivity and the rights of employees, the community and the surrounding environment.