Question

assistance discussing

On the social and moral obligations of Business

This is a forum for discussing a variety of different issues concerning different views on the moral obligations of business with references.

Answer 1

Social and moral obligations of a business are stands for those issues that affects negatively on healthy relationship between members of society. In the context of business, moral obligation suggested to follow the legal rules or laws that help in governing transaction between different individuals and organizations. However, a moral and social obligation depends on the different kind of business industries and it changes according to the industries. As an example, the general moral and social obligations suggested not to harm others (Ip et al., 2017). In, case of civil laws the prohibition of homicide, dangerous behavior and drunk driving stands for moral and social obligations. On the other side, the social obligation stands for four significant factors in the field of every kind of industries such as philanthropic efforts, organization diversity, volunteer efforts and environmental conservation.
In addition, cultural preferences and diversity stands for the overlapping of moral and social obligation that suggested an organization to avoid discriminatory practice and maintenance of equity in respect to opportunity providence. Besides, the observation of proper business ethics also falls under the social and moral obligations in respect to a business. The most significant social and moral obligation of the organizations lies on the CSR practice which signifies the environmental and social contribution of an organization through their different type of activity (Othman & Fisol, 2017). The contribution to the communities towards their lifestyle development can also be recognized as social obligation. On the other hand, the maintenance of carbon foot print limit and enhancement of natural resources through CSR practice can be recognized as moral obligations.

References
Ip, C. Y., Wu, S. C., Liu, H. C., & Liang, C. (2017). Revisiting the antecedents of social entrepreneurial intentions in Hong Kong. International Journal of Educational Psychology, 6(3), 301-323.Retrieved from: https://www.hipatiapress.com/hpjournals/index.php/ijep/article/download/2835/Ip [Retrieved on 4 March 2020]
Othman, Y., & Fisol, W. (2017). Islamic religiosity, attitude and moral obligation on the intention of income zakat compliance: Evidence from Public Educators in Kedah. International Journal of Academic Research in Business and Social Sciences, 7(2), 726-737.Retrieved from: http://hrmars.com/hrmars_papers/Islamic_Religiosity,_Attitude_and_Moral_Obligation_on_Intention_of_Income_Zakat_Compliance.pdf [Retrieved on 4 March 2020]