Talking about the ethics of business,CSR comes to my mind.CSR, corporation social responsibility, has been discussed and carried out to some extent for a long time. During this process, CSR has been becoming clearer and also more meaningful.Because the companies usually have to sacrifice their profits to achieve social interests,the action of exercising CSR can easily reduce the profits of companies in a short time.However,it is beneficial to fulfill the so-called “social responsibility” not only for the companies but also for the whole society in the long term.
According to a survey undertaken by Environics International, “significant numbers of investors take a company’s social performance into consideration when making investment decisions”.Indeed,people admire companies that contribute to the society since we,our human beings and the society we are developing are closely related.In terms of investment,they show passions to those companies.Thus,taking social responsibilities seriously actually provides more opportunities for corporations to manage their business.In other words,at least from this aspect,ethics in business can be considered as a driving force towards success,which is exactly what businessmen pursue.
Nevertheless,Joel Bakan once argued that CSR is usually a scam.Although strong disagreements exist,it still reminds companies of correctly identifying their positions in this campaign instead of using it to make immoral incomes.