Ethics and Social Responsibility:
In Business
Ethical behavior and social responsibility are very different, but are commonly confused. A standard of moral behavior, behavior that is accepted by society as right or wrong that is ethics. Social responsibility is about improving the quality of relations with key stakeholders. Novo Nordisk defines it as putting values into action in the perspective of human resources, human rights, health and safety, and our relations with society at large. Having an ethical code is very important to have in a business setting it sets the standards of your company. Social responsibility is a continuance of ethics it involves more than just the principles of ethics in includes integrity, fairness, and respect. To create a well oiled business you need both a good ethical system and social responsibility.
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