Business Ethics and Corporate Social Responsibility Essay - 3

Business Ethics and Corporate Social Responsibility - Essay Example The aspect of good and wellness encompasses a comprehensive range of aspects that includes development of the society, and other aspects that promote the general well being of the entire society at large. The main aspect of business organization in this regard comes from their actions and behaviour that is reflected from their actions and strategies. Business organizations do not operate in a vacuum but in a set up that includes multiple stakeholders and hence ethics in business also implies the aspect of relationship that a business organizations hares with its stakeholders. In this regard the scope of business ethics goes beyond the elements of behaviours, relations that helps generate a mutually beneficial relationship with all the stakeholders. The challenge for business organizations lies in promoting an effective balance of profit and societal development that helps generate long term sustainability in the market (Hanson, n.d.). Anglo American is a mining and extraction company that operates around the globe. The company has a fair amount of strategies directed towards ensuring ethical standards in business. Some of the strategies that are being used by the company include a program named ‘Good Citizenship’ that lays down the code of conduct for business operations by following all the legal code of conduct. It has also participated in various community development programs of international organizations like UN. The company works towards social security and human rights with regards to its mining operations that are mostly located in African nations. The company has gone one step up by including the community as a major stakeholder in its business. This way it justifies the popular notion that the ultimate aim of the organization should be the profit to the stakeholders. There is a process named SEAT that helps in evaluating the effects of mining programs and supporting the community by taking up steps such as