Role of CSR and Sustainability-Free-Samples-Myassignmenthelp.com

Question: Discuss about the Ethics, values, corporate social responsibility and sustainability plays an important role in an organization. Answer: Ethics, values, corporate social responsibility and sustainability plays an important role in an organization. The ethics, values, social responsibility and sustainability are considered as ethical standards for an organization. These guidelines are interconnected to provide a balance between economy and working environment (Klettner, Clarke Boersma, 2014). The below paragraphs elaborate on managing of ethical standards, going beyond organizations interests and managing of ethical standards are easy or challenging for managers in an organization. The ethical standards in an organization help to promote honest and valued relationships of employees with organization, clients and external stakeholders. The major ethical dilemmas faced by professionals in an organization are as follows. The first one is challenges in integrating ethics into organizational cultures and practices among employees. The second one is issues related to trust and integrity that are faced by businesses. The third one is diversity issues related to enforcing equal opportunities among the employees in the business environment (Zheng, Luo Wang, 2014). The fourth one is decision-making process should ensure fair decision making that protects customer rights and their beliefs. These ethical dilemmas should be taken care properly to contribute to business success. The various approaches taken by managers to employ in evaluating and deciding on ethical dilemmas are as follows. The first approach is to understand ethical behavior of employees to implement ethic s practices. The second approach is to keep documentation layout of expectations and guidelines for ethical standards. The third approach is to ensure that all employees who report to the manager understand the rules of ethical standards. The fourth approach is to make a set of framework to make right decisions in a situation of ethical dilemma (Guerci et al., 2015). However, there are some drawbacks of these approaches and that is important issues will arise that are not specifically addressed in the ethical standards code. The approaches taken by managers require them to promote ethics in organizations. The ways through which managers can promote ethics in organizations are as follows. The first step is to ensure that employees have respect for their managers. This step is critical as it helps to enforce business ethics in the organization (Huang Paterson, 2017). The second step is to set the tone through reward and punishment practices where employees do not oppose the guidelines given in the ethics code. This is done by having a strong leader in the team. The third step is to choose the staff carefully in the recruitment process. This is done through interviewing the staff on moral development, personal values and other behaviors. The fourth step is to train employees on ethical behaviors that they need in the business environment. The training process will help them to understand the ethical standards of the company. The fifth step is to take actions against any unethical behaviors in the business environment to prevent any future occurrences. This ensures that employees do not repeat their unethical behaviors. The sixth and final step is to give rewards to employees who follow ethical behaviors in the working environment. This will influence other employees also and they will also follow ethical standards (Neves Story, 2015). The challenges faced by managers while promoting ethics in their organizations are inadequate education and knowledge, inconsistencies in administration, lack of committed leadership and ineffective reward/punishment system. The ethical standards being sustainable in the organization and outside the organization has six basics and they are as follows. The first two are business continuity plan and risk management. The other two are responsibility, and conformance and compliance. The last two are performance and continual improvement (Schminke et al., 2014). The ethical standards being socially responsible in the organization and outside the organization has five basics and they are as follows. The first two are human resource management and risk management. The other two are relationship with suppliers and triple bottom line (people, planet and profit). The last two are presence in global market and reduced interference in businesses. The relationship between upholding ethical standards being sustainable and socially responsible is through economic, social and environmental factors (Wang, 2013). The combinations of these factors influence relationship between socially responsible and sustainability to up hold ethical standards in an organization. These factors are based on organizations regulations, norms, code of ethics and code of conducts. The achievements of organizations interests beyond the organization to wider community are as follows. The first one is increasing probability of behavior in people in certain ways towards organization (Shah et al., 2014). The second one is that good ethics will help employees to do right things in the right way. The third one is that code of ethics and code of conduct do not take away an individuals moral values from the duty of reason in the organization. The fourth one is that code of ethics can function as a statement that professionally expresses commitments to moral values. Thus, the above benefits will help to reach to the wider community. The implementation of ethical standards and being socially responsible are the factors which are faced by effective managers and they should be taken into account. The managers need to look after investments of resources, company integration and communication. These are the causes of the above factors that add to the challenges faced by the managers (Wu et al., 2015). However, managing of ethical standards and going beyond organizations interest are sometimes not valuable. This is due to legal issues faced by company because of government rules and regulations. Lack of business ethics among the employees due to competitive environment also contribute to the negativity of managing ethical standards. The relationship of employee with manager is also a concern if it is not in a good terms. Hence, there are negative points related to managing ethical standards in an organization. Therefore, from above paragraphs, it can be concluded that implementing, promoting and managing ethical standards in an organization is challenging. Managers face lots of challenges in managing ethical standards and going beyond organizations interest. This is due to different functioning and behavior of employees and internal working environment. Hence, managers should be able to manage the ethical standards in the work environment effectively for business growth. References Guerci, M., Radaelli, G., Siletti, E., Cirella, S., Shani, A. R. (2015). The impact of human resource management practices and corporate sustainability on organizational ethical climates: An employee perspective.Journal of Business Ethics,126(2), 325-342. Huang, L., Paterson, T. A. (2017). Group ethical voice: Influence of ethical leadership and impact on ethical performance.Journal of Management,43(4), 1157-1184. Klettner, A., Clarke, T., Boersma, M. (2014). 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