THE IMPORTANCE OF ETHICS AND SOCIAL RESPONSIBILITIES OF BUSINESS ORGANISATION

CHAPTER ONE

INTRODUCTION

I.I   BACKGROUND TO THE STUDY

Ethical and social responsibilities of business organization have always been a critical concern of every social. Each society strives to ensure that tose who engage in any form of business within the society are always morally upright in their daily actin=vities. Ethical and social responsibilities are ideas that focus on moral conscience of business. The concept of ethical responsibilities has to do with those issues tht concern business mn’s attitude to their organization as wll as their customers, while socil responsibilities has to do with the duties or obligations of business to the problems interest and needs of the social at large.

Business organizations are constantly changing so do their environment. The  bigger the organizations the more important the issue of ethical and social resposibiliies becomes. Many business are large and powerful economically so much that their decisions and policies have vital impact on the society. This means that a rowth in economic power also entails a corresponding growth in social powers as well as social responsibilities. The growth therefore increases phenomenally the moral ethical responsibilities of such organization to the world around its area ofoperation. This is because the more the changes in economic growth of business, the more the society expects from that organization. Therefore business organization should have a changing social role, which enables it to adapt and shape its environments, so that it can become and remain viable. In the circumstance, any business organization that wishes to hold on to its economic power must of a necessity, be sure that it is exercising an equivalent amount of social / ethic roles to the social. The equation which should always balance, hardly balances in these days of competition and dubious business dealings that result in spurious /superficial profit declaration. The research topic that can also be tagged ethical and social responsibilities of Nigeria Bottling plc Enugu, is one that is intended to determine how ethically and socially responsible the company is.