Corporate organizations have a responsibility to be socially responsible noting that being socially responsible creates strong and lasting relationships with the community within which the organizations operate. Companies can initiate several ways to ensure that they live up to their responsibility of being socially responsible. They can adopt best practices that include having ethical labor practices that revolve around fair remuneration, motivating workers, and providing them with social and health covers. Another practice would be to initiate direct donations to the communities in which they operate as well as getting involved in environmental awareness activities such as volunteering to clean up and planting trees.
Achieving these objectives would require corporate organizations to have in place a working corporate social responsibility team designed to carry out studies of the community needs. The team would also be involved in organizing and partnering with other organizations that share similar values to ensure that they give back to society. It would also be important to establish a human resource department as well as promote workers union to ensure that employee needs and concerns are adequately resolved.
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Ethics in leadership is an integral aspect because it shapes the future of the company coupled with the fact that it helps in creating positive working relationships. Moving up the corporate leadership ladder increases the need for a leader to observe ethical practices noting that the followers are looking up to the leaders for guidance. If my friend wanted to commit her life savings to purchase stock from my company which I have learned that the owner is anticipating bankruptcy, I would talk my friend out of making the stock purchases. The action would be informed by the fact that honesty is one of the core ethical principles. As a show of honesty as an ethical principle, I would explain to my friend that indeed the company is anticipating bankruptcy making it not feasible to purchase its stock.
