CSR, Ethics & Sustainability:

Sustainability is defined as development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Dimensions Of Sustainability – Economic, Social, Environmental. Sustainable Business: Issues, Drivers, Trends Key issues related to Sustainability: Exponential Growth Of Human Population. Culture Of Consumerism. Rising Inequalities. Environmental Degradation. Culture Of […]

A linear economy is the traditional economic model in which consumers buy a product, use it, and disposes it. There is little emphasis on reuse, repair, or recycling. A circular economy is an economic model that emphasizes sustainability and resource efficiency. In a Circular Economy, the idea is to create sustainable products that keep resources […]

Ethics is the study of what is morally right and wrong, or a set of beliefs about what is morally right and wrong. To arrive at that set of beliefs and put them into practice requires moral development. Lawrence Kohlberg’s Moral Development Process suggests that moral development occurs in six stages, grouped into three levels: […]

India’s Adani group is involved in mining the Carmichael coal mine in Queensland in Australia to produce and export coal. Coal is easier to transport and also helps to generate electricity cheaper, and Adani plans to export coal to various countries including India to help them meet their energy needs. However, the Carmichael project has […]

Agency Theory is the framework that explains the relationship between business principal and their agents. and Agency Problem is a specific issue that can arise within that framework. What is the Agency Theory? Agency Theory is a framework that explains the relationship between business principals (who hires someone) and their agents (who acts on the […]

A diverse board can promote transparency, ethical behavior, and responsible decision-making. The need for better corporate governance is causing an increasing interest in board diversity, and it is now an important issue for managers, directors and shareholders. As a result, more studies are being carried out within corporate governance to understand how board composition influences […]

Stakeholders are individuals or groups that depend on an organisation to fulfill their own goals and on whom, in turn, the organisation depends. A stakeholder is anyone that has an interest in a business; these can be in the form of customers, employees, suppliers and community. Stakeholders include all those invested and involved in, or […]

Aaron Quinn raises the ethical issue of manipulating images in Photojournalism, through the use of computers, high-end camera gear and imaging editing software, as most readers feel that the images they see in newspapers and media is manipulated by journalists, as a result of which public trust is waning in journalism. Aaron Quinn says that […]

Ethics is a branch of philosophy that studies morality, and Ethics in technology addresses ethical questions specific to the Technology Age. Professional ethics falls under the sub discipline of applied ethics as its purpose is to reason about, and answer moral issues, that arise in certain specific situations encountered by professionals. There are situations when […]

Business ethics addresses issues of right and wrong in decision making, but how does one decide what is right and what is wrong. Importance of Business Ethics Business ethics addresses issues of right and wrong in decision making. Law also tells us what is right and wrong but often law is the minimum acceptable standard. […]

Carroll’s CSR pyramid is a framework that explains how organisations can take social responsibility, it highlights the four important types of responsibility of organisations. The more important responsibilities are placed towards the bottom of the pyramid. Carroll’s CSR pyramid suggests that firms should engage in practices and take responsibility at four levels – Economic, Legal, […]

Corporate governance refers to the collection of rules, practices, and processes to manage a company. Corporate governance is important to maintain the stability and integrity of companies as it promotes trust in the business environment. Studies suggest that there is a positive relationship between Corporate Governance and shareholders value. What is Corporate Governance? Investing is […]

The triple bottom line (TBL) sustainability framework suggests that businesses today should strive to improve in three key areas: making profits, and caring for the people as well as the planet. The term Triple bottom line (TBL) was coined by John Elkington in 1994. TBL is an accounting framework with three parts: social, environmental and […]

Understand the meaning of various ethical theories and key business ethics terminology. What is Ethics? Ethics refer to moral principles that govern a person’s behaviour or the conducting of an activity. It’s the branch of knowledge that deals with moral principles. More definitions: “Morality is concerned with the norms, values and beliefs embedded in social […]

German philosopher Immanuel Kant (1724–1804) is one of the most important philosophers although he is not very easy to understand. Kant was not a consequentialist, but attempted to base his moral theory on human reason rather than on feeling, as the utilitarians do. Kant starts off with the basic question, “What is a moral belief?” […]