Current Trends in Ethics and Social Responsibility

Current Trends in Ethics and Social Responsibility. Businesses currently view the concept of social responsibility as falling within the greater paradigm of business ethics and this has led to increased compliance to social responsibility especially in developed nations. The consideration of social responsibility as part of business ethics comes from the consideration that businesses have a moral responsibility in addressing the concerns of the community around which they function. The moral responsibility relates to the notion of ethics thus showing a linkage between the two despite the fact that they have distinct identities. In line with this, businesses are embracing social responsibility as an ethical concern and this has increased businesses’ compliance to social responsibility as well as ethics. According to Pisani et al (2017), social responsibility is a trend that is growing in corporate culture largely due to the increasing expectations from society but developing countries are yet to institutionalize the trend. The difference in the inclination towards the trends largely comes from the fact that developed countries seek more structured business ethics and social governance programs.

Current Trends in Ethics and Social Responsibility

            Social media and marketing are highly influencing the definition of ethics and social responsibility largely because such platforms brings businesses closer to the consumers. The development in communication technology and the internet has led to the emergence of social media that has become a platform where communities interact and this brings businesses closer to the consumers. In line with this, businesses are faced with the ethical challenge of controlling and managing social interactions on social media. As an example, businesses have had to define a new set of ethical standards related to their employee’s use of social media in order to protect the dispersal of vital information linked to a business or corporation. Further, social media use has affected the level of social responsibility since social media provides a platform for increased scrutiny. In a research conducted by Ghoul et al (2016), outcomes indicate that firms in countries where there is a high level of freedom in the media engage in more social responsibility activities. From this view, social media is influencing the approach to ethics and social responsibility through the incorporation of digital ethics while also ensuring a higher inclination towards social responsibility practices.

Conduct research on current trends in ethics and social responsibility in businesses today. To ensure that current points of view are taken into consideration, locate current scholarly works no more than three years old. Be sure to include the following in the paper:
• Explain current trends in business ethics and social responsibility.
• Explain the how social media and marketing exposure has impacted existing digital ethics and social responsibility policies.
• Analyze the role of globalization in business ethics and social responsibility.
• Analyze the role of leadership in business ethics and social responsibility.
• Synthesize the current research regarding business ethics and social responsibility.
• Discuss how you would incorporate business ethics and social responsibility into research that you conduct within Industrial-Organization Psychology.
• Lastly, create your own ethical standards as though you were running the organization.

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