Why Corporations Should Embrace Moral Responsibility
Explore the concept of moral responsibility in corporations and its impact on society. Learn why corporations should prioritize ethical behavior and examples of initiatives that demonstrate corporate social responsibility. Discover the importance of moral responsibility in shaping a better future for all.
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LIBYAN INTERNATIONAL MEDICAL UNIVERSITY FACULTY OF BUSINESS ADMINISTRATION Why Corporations Should Have Moral Responsibility By: Yasen S. Ali 2772 Email: yasen_2772@limu.edu.ly 1
TABLE OF CONTENT What is M.R? Why corporations should have M.R? Examples of M.R. Conclusion. Reference. 2
DEFINITION OF MORAL RESPONSIBILITY Moral responsibility is the state of being morally deserving of praise, blame, reward, or punishment for an act or omission that is consistent with one's moral obligations, according to philosophy. Determining what (if anything) qualifies "morally obligatory" is a basic problem in ethics. 3
WHY CORPORATIONS SHOULD HAVE MORAL RESPONSIBILITY ? Because they can help and have a good impact on our society in a variety of ways that influence politicians' thinking, such as pollution, forced labor, unethical behavior, and so on. 4
EXAMPLE Coca-Cola launched the 5by20 project in 2010 with the goal of empowering women all around the world. According to the firm, we help women entrepreneurs overcome social and economic hurdles by offering business skills training, access to financial services and assets, and relationships with peers and mentors through 5by20 programs throughout the world. 5 by20 women work in a variety of jobs throughout our value chain, including merchants, suppliers, producers, craftsmen, and others. Coca Cola https://www.coca-colacompany.com/shared-future/women-empowerment 5
CONCLUSION Moral responsibility is an excellent concept in business since it shines a light on a problem or something wrong in society. 6
REFERENCE 7 Herzog, L. (2018). Reclaiming the system: Moral responsibility, divided labour, and the role of organizations in society. Oxford University Press, USA. The Coca Cola company website https://www.coca-colacompany.com/shared-future/women-empowerment
