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Social Science 2: Soc. Sci. 2

This document is a module on business ethics from San Jose Community College. It discusses how business ethics and concepts like good governance and corporate social responsibility have become more important. Businesses are now expected to act with honesty, fairness, and consideration of their impact on society, not just focus on profits. The module objectives are to define business ethics, explain the importance of ethics in business, define good governance and corporate social responsibility, and how ethics affect businesses and society. It also assigns students a reflective paper after reading about a research study on how ethics and social responsibility can benefit businesses.

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Jaymark Bombita
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Download as DOCX, PDF, TXT or read online on Scribd
40 views

Social Science 2: Soc. Sci. 2

This document is a module on business ethics from San Jose Community College. It discusses how business ethics and concepts like good governance and corporate social responsibility have become more important. Businesses are now expected to act with honesty, fairness, and consideration of their impact on society, not just focus on profits. The module objectives are to define business ethics, explain the importance of ethics in business, define good governance and corporate social responsibility, and how ethics affect businesses and society. It also assigns students a reflective paper after reading about a research study on how ethics and social responsibility can benefit businesses.

Uploaded by

Jaymark Bombita
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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San Jose Community College

College of Arts and Sciences

MODULE 1
SOCIAL SCIENCE
2

JOY R. BALUTE
Instructor

MODULE 1
SOC. SCI. 2

1
(GOOD GOVERNANCE AND SOCIAL RESPONSIBILITY)

Miss JOY R. BALUTE


Instructor

OVERVIEW

The changing times have brought dramatic changes on the way people see businesses
and how it is run. When it was primarily for the purpose of gaining profits and
amassing riches, businesses have seen the need for a different view and a different
way of managing their companies.

Into this changing time and ways has entered the concept of good governance of a
business so that it can engender honesty, fairness and fair play between other business
and its customers. Also, businesses now have become more aware of the importance
of becoming socially responsible. This is in answer to the attitude of the people who
have started to demand more from business other than profit.

And it is in this environment that the concept of business ethics had gained ground. Its
importance cannot be denied and the need to study it is essential for students of
business.

MODULE LEARNING OBJECTIVES

After studying this module, you will be able to:

1. Give the definition of business ethics;


2. Know the importance of business ethics;
3. Define good governance and corporate social responsibility;
4. State the effect of business ethics on a business and the society.

LEARNING NOTES

Ethics is the moral standard by which we are made aware of what is right and wrong.
Business ethics is the study of appropriate business policies and practices regarding
potentially controversial subjects including corporate governance, insider trading,
bribery, discrimination, corporate social responsibility and fiduciary responsibilities.
The law often guides business ethics, but at other times business ethics provide a
basic guideline that businesses can chose to follow to gain public approval1.

https://www.investopedia.com/terms/b/business-ethics.asp#:~:text=Business%20ethics%20is%20the
%20study,social%20responsibility%2C%20and%20fiduciary%20responsibilities.

2
Business ethics are important for every company. They keep workers safe, help trade
and interactions between companies remain honest and fair, and generally make for
better goods and services. Distinguishing what a company will and won’t stand for is
not always the same for each organization, but knowing basic ethical guidelines is a
key component of company management2.

Along with the popularity of the use of business ethics in conducting business, the
concept of good governance has also gained more supporters than ever before.
Nowadays, good governance is being partnered with social responsibility. These two
exemplifies the application of business ethics in the financial world. This is because
“good corporate governance and social responsibility help corporations keep things
in good balance. It also supports the company's efforts to develop control
mechanisms, which will also increase shareholder value and promote satisfaction
with shareholders and stakeholders3.”

In a sense, business ethics is an internal movement of a business that is able to impact


and affect the outside world. The business now does not only bring financial change
to the lives of the people around it but is also changing the lives for the better of the
society and the world.

2
https://corporatefinanceinstitute.com/resources/knowledge/other/business-ethics/
3
https://insights.diligent.com/esg/what-is-the-relationship-between-corporate-governance-sustainability

3
LEARNING ACTIVITY

Read the research study conducted by Godfrey Adda, Dr. John Bosco Azigwe and
Aboteyure Roger Awuni entitled “BUSINESS ETHICS AND CORPORATE
SOCIAL RESPONSIBILITY FOR BUSINESS SUCCESS AND GROWTH”.
Familiarize yourselves with the concepts that they had stated in their research and the
findings, conclusions and recommendations that they have made.

ASSESSMENT

Based on your reading, write a 2 - page Reflection Paper on a yellow pad paper
regarding your thoughts about the above research. Use proper citations if you are
quoting somebody else’ work/article to support your statements.

Possible guide questions that you can use:


1. What is business ethics according to the research? Do I agree with it? Why? Why
not?
2. What changes have occurred that made business ethics a must for businesses
nowadays?
3. Is business ethics good or bad for the economy and for the society?
4. How is business ethics exemplified by good governance and corporate social
responsibility?
5. Do I agree with the findings and recommendations of the researchers? Explain.

* Submission of the picture of the handwritten output will be on May 26, 2022 until
11: 59 p.m. thru personal message to me. Late submission will be accepted but with
corresponding deductions in points. Cheating and plagiarism are not allowed.
* Please keep the hard copy for final submission.

MODULE SUMMARY

Good governance and corporate social responsibility are all concepts that are covered
by business ethics which in turn allows us to become more aware about the way that
business is conducted during these times. It is what allows the companies or
businesses to deal with other companies and businesses as well as with their clients in
a manner that is fair, just and honest. It also allow them to give back to the society in
which they are based so that not everything is mainly for the benefit of the business
itself.

In studying these concepts and ideas, we will be able to change with the times and
adopt the new ways of doing business. One that has a conscience and a heart.

4
Thank you. Be safe.

Miss JOY R. BALUTE


A.B. Political Science
Ll. B.

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