Understanding of business organisations and business concept

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  • Demonstrate knowledge and understanding of business organisations and business concepts.
  • Clearly discuss and explain the use and importance of business ethics, corporate governance, and CSR in business organisations.
  • Outline and discuss the business arguments that socially responsible businesses are successful and profitable businesses, outlining the choice of strategies and practices available to organisations to operate in a socially responsible way.
  • This may be discussed from an environmental, organisational, and/or strategic perspective, providing practical examples of how business ethics/CSR contribute to the economic success of business organisations and are used as a source of competitive advantage.

Organisational interaction with environmental aspects of business ethics/CSR:

  • Define business ethics, corporate social responsibility, and corporate governance. 
  • Discuss different stakeholders and explain stakeholder theory. 
  • Government influence, ethical consumers, and investors. 

Organisational aspects of business ethics/CSR: 

  • Discuss the issues concerned with ethics/CSR and how they affect different business activities and functions. 
  • Different areas of activity in ethics/CSR, and the mechanism for ethical business to be socially responsible.

Strategic aspects of business ethics/CSR: 

  • The moral argument for businesses to be socially responsible. 
  • The business argument for businesses to be socially responsible.
  • The strategic argument for businesses to be socially responsible. 
  • The extent to which ethical business is profitable business. 

Reference no: EM133186455

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