Business Ethics

Question 1

What is corporate social responsibility

Answer 1

Corporate social responsibility refers to the idea that businesses have ethical responsibilities in their own conduct and to the wider community. This wider community refers to stakeholders

Question 2

What is a stakeholder

Answer 2

A stakeholder refers to any person who is affected by the day to day activities of a corporation. This includes suppliers, employees, customers, families of employees

Question 3

Who proposed ideas on how we can improve our CSR

Answer 3

In an important address known as “a blueprint for better business?’ Cardinal Vincent Nichols gave 7 commandments which show us what good CSR requires
- 7 principles

Question 4

What are the 7 principles in the blueprint for better business

Answer 4

• human dignity
• the common good
• solidarity
• subsidiary
• fraternity
• reciprocity
• sustainability

Question 5

Expand on human dignity

Answer 5

• human dignity refers to the idea that we should place the needs of workers and people above all other things
• based on the notion that we are made in gods image
• cardinal vincent Nichols said “a person can never merely be a instrument to be valued in terms of their usefulness

Question 6

Expand on the common good

Answer 6

• this is the idea that business should strive for the common good
• this common good is a set of social responsibilities which people to develop individually and communally
• this is moving beyond profit and for the good of people

Question 7

Expand on solidarity

Answer 7

• this is the idea that all people are interdependent on each other, we need and require each other and are responsible for each other
• links to donnes idea that no man is an island

Question 8

Expand on subsidiarity

Answer 8

this is a notion discussed by pope pius XI
- Principle states that decisions should be made at the lowest level compatible with efficiency
- for example, when deciding whether a village needs a new bench, those who live in the village should be the ones to make that decision, not a central body who knows nothing abt the needs of the village

Question 9

Who supports the idea of subsidiarity (quote)

Answer 9

JS MILL
“may not do the task particularly well, nevertheless desirable it is done by them”

Question 10

Expand on fraternity

Answer 10

• this refers to the idea that we should treat everyone like they are our brothers,
  For CVN, this is showing fellowship to those of a different culture
• William temple fraternity is a social glue

Question 11

Reciprocity

Answer 11

• give everyone what is due and be willing to go further than our duty of justice, be willing to be charitable

Question 12

Expand on sustainability

Answer 12

• sustainability stresses our duty to future generations
• we need to maintain the earth and its resources for the further generations