Business Manangement Coursework Example | Topics and Well Written Essays - 500 words

Business Manangement - Coursework Example Social responsibility improves public relations, companies that are socially responsible tend to be more prolific as they can attract productive employees and retain quality workers, reduce bad publicity and risk from government litigation. However, social responsibility can also harm the business by interfering in the quest of profit maximization. This usually occurs because socially responsible actions can carry a very high cost, paid by the businesses indulging in corporate social responsibility. Business Ethics Business owners frequently make decisions involving ethical considerations. Contrasting decisions are made in similar situations by different managers, depending on their particular moral development, individual characteristics and the culture of their organization. In the case of â€Å"Who To Lay Off?† a questions approach can be employed according to Robbins, Coulter, and Vohra (2008) to identify ethical considerations. If the business owner asks himself questions such as â€Å"have you defined the problem accurately?† Robbins, Coulter, and Vohra (2008,p.108) He can decide as to whether or not terminating an employee is the most ethical decision.