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Social Responsibility and Ethical Business Practices

Detailed description of social responsibility and ethical business practices, with company examples.

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Business ethics establishes the positive actions and negative behaviors in business. Ethics however can be observed via diverse perspectives, from businesses, to society to the individual. Furthermore, social responsibility relates to the accountability of companies towards the whole society.

Not long before the collapse of ENRON, social responsibility and ethical business practices were sighted by companies in provisions of compliances to internal operations and legalities. Today however, the game has changed. With the collapse of major corporations such as ENRON and WorldCom, corporations and business owners alike have recognized in order to attain achievement; one must have integrity, and earn the respect and reassurance of all potential clients and customers.

Mattel Inc., one of the global leaders in the designing, manufacturing and marketing of toys, employs roughly 30,000 workers in a total of 43 countries and has sales in more than 150 nations. Mattel Inc. plays an essential part in the framework of our society. (www.mattel.com, 2009)

Many companies such as Mattel, have opened manufacturing plants overseas to reap the rewards of cheaper resources such as raw materials and labor. In doing so, these companies become exposed to a larger market and with greater industry ...

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749 words and 3 references in APA format. Here is a small portion of what you will find:

Not long before the collapse of ENRON, social responsibility and ethical business practices were sighted by companies in provisions of compliances to internal operations and legalities. Today however, the game has changed. With the collapse of major corporations such as ENRON and WorldCom, corporations and business owners alike have recognized in order to attain achievement; one must have integrity........

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