The Examination and description of reasons supporting the practice of business sustainability.
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27th March, 2011.
Introduction
Entrepreneurs are increasingly becoming conscious of ethics and human rights as well as being economically, environmentally and socially dynamic and responsible. Various laws and other communal proposals are putting more pressure on businesses to develop ethical commercial practices, processes and actions (Kanji and Chopra 1).
The Examination and description of reasons supporting the practice of business sustainability.
There is a correlation between an entrepreneur’s social performance and its profitability. Businesses that pay attention to sustainability issues are more likely to be more profitable. Besides, the financial implications, there are other non-financial or social implications. For example, the businesses may be perceived differently by the public; which might hold them highly and thus attracting the customer’s loyalty. This is because the business has unique ethical values. The practice of sustainability within business organizations may also help in designing hands-on risk management strategies. Issues related to labor standards, health and even safety policies are more likely to be addressed by a business enterprise that pays attention to sustainability (Kanji and Chopra 2).
In addition, non-governmental organizations have been active in holding entrepreneurs responsible for their actions. The benefits are not only to the corporate, but to the society, and to the environment. Even further, there are some governments that require entrepreneurs to hold regular training of their employees on ethical issues (Kanji and Chopra 3).
Businesses that are geared towards sustainability may embark on ethical practices by improving workplaces; get concerned in building neighboring population and communicates with discontented communities; concerning the consequences of its policies and production. Such corporate also contributes to a safer and cleaner environment. The corporate may also engage in environmental protection and sustainability.
Distinguish between the two approaches to the aspect of moral status being assigned to animals.
Animal ethics is the methodical study of how we have to relate to animals. It touches on our responsibilities towards animals; and endeavors to set principles that serve to guide us on our moral responsibilities, actions and interaction with them (Mills 226).
Ethics is concerned about asking questions beyond what the law says and religions or social norms. It questions whether what we practice and believe in is actually what we are supposed to be doing? Daniel (226) asserts that Ethics is not coextensive with or identical to the law or religious convictions, but can inform both these spheres of human life. The two aspects of moral status being assigned to animals are:
Extension approaches; proponents of this approach contend that the moral status of animals depends on whether they have some important characteristics which include the capacity for pain or pleasure, self-awareness and future orientation projects and thus our duties owed to them (Mills 226).
Community-oriented approach; is in contrast with the first approach to the moral status of animals. Commnity-oriented approach holds that moral concepts, which is inclusive of moral status, are a function of moral enquiry and consensus negotiation and therefore should be, applied communally (Mills 228).
Conclusion
Corporate leadership can transform the world for the better and all financial entities should serve humanity by contributing to economic integrity for all. It is commonly agreed that business social responsibility is fundamental for its survival and success (Kanji and Chopra 9).
Businesses should put in place frameworks and procedures to identify, determine, supervise and manage the company’s moral and human resources strategies. In addition, it should assess socioeconomic trends and societal aspects of the corporation and to offer the required level of management and economic responsibility to institute a appropriate internal exposure system to monitor and manage social accountability and social investment. And lastly, the entrepreneurship should endeavor to provide environment protection and sustainability; and to respect the rights of humanity at large (Kanji and Chopra 11).
References
Kanji, G. and P. Chopra. “Total Quality Management.” Corporate social responsibility in a global economy
(2010): 1-7.
Mills, Daniel S. The Encyclopedia of Applied Animal Behaviour and Welfare. Cambridge: CABI, 2010.
