Ho Chi Minh City University ofForeign Language – Information Technology

Department of Finance and Accounting

Speaker : Giang Gia Hân Student ID :

The relationship between business ethics

and social responsibility.

What is business ethics ?

Re s p o n s i b i l i t y C o m m i t m e n t Q u a l i t y Re l i a b i l i t y

What is social responsibility?It is an obligation to the community that the

companies need to do beside developing their business.

Business ethics and social responsibility

Business ethics Social responsibility

conscience

make a positive move for society

help company reach high profits

but with social responsibility

without business ethics, business is capitalism at

its worst

without social responsibility, the

community will not benefit

Obligation

The ultimate goal of a company

Maximum profits

Social responsibility

It is hard to balance the profits and social responsibility in a company.

For instance : Vedan VietNam company .

Vedan discharges large amounts of waste water untreated into the Thi Vai River.

More than 5,000 m³ poluted water was falled into the river per day.

Vedan’s total fine : 267.5 millions vnd.

Forced to pay environmental protection fees than 127 billions vnd.

Nowadays, many companies consider social responsibility to be the good way to develop their business .

For instance

Therefore, making strategies and creating new ideas from the social activities is a good way for the companies to get the balance in profits and social responsibility.

References :Retrieved information from :

Business Ethics: Ethical Decision Making For Business And Cases ( 2002 ) by Fraedrich, O.C Ferrell, Linda Ferrell.

http://business-ethics.com/2015/05/05/does-corporate-social-responsibility-increase-profits/

http://adage.com/article/cmo-strategy/10-companies-social-responsibility-core/143323/