The sole purpose of business is earning loads of profit. But it always comes with something more. Ethics is mandated for every businessman and hence they are left with no option but to follow it. The terms basically imply to do sustainable production which is in favor with the entire society. In order to gain, many businesses, irrespective of it being small or big, do unethical practices.

For a better explanation, Corporate Social Responsibility is detailed by my friend Seerat Acharya on her blog. It is basically doing society friendly production or service. She has coherently explained the CSR with some examples.

She took the example of the technology giant, Apple. Seerat asserted that apple evaded taxes and hence due to unethical behavior had to pay a penalty of $13 billion. To improve her claim she could have detailed it more. As in the article, it says that Apple made huge profits in the European zone, especially in Ireland and due to some ignored laws, apple made huge profits in the country. Being more specific helps the blog to be more focused on the issue.

She then went on explaining how the CSR should work. She put on good points that how companies look at ethics being a liability for their respective business. Furthermore, she spoke about how ethics are ignored throughout just to earn more profit ignoring the fact that there is a social cost which comes along. For the bettering of the blog, she could have stated some essential points of ethics too. Like being ethical can set a benchmark for a firm as they cant cross that line and can function within that line. Also, profit is not only earned by the products that are sold in retail, but also the reputation of the firm matters. The reputation comes only by being ethical and hence in the long term the firm will profit. 

Seerat’s article was rational but also had a scope of improvement by specifying the problem of Apple and specifying the pros of practicing ethics which would make it more coherent.

Article reference

Seerat Acharya’s Blog | Just another UBC Blogs site [Web log post]. (2017, September 13). Retrieved from https://blogs.ubc.ca/SeeratAcharya/

Picture reference 

Ethics. (n.d.). Retrieved October 27, 2017, from https://www.pinterest.ca/brust1/ethics/