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Corporate Philanthropy Programmes in Nigeria

This involves the channeling of organisational resources to bring about a positive change in the society. A philanthropic business is seen as a good corporate citizen that undertakes humanitarian and welfare programs such as contribution to sports, education, religious and recreational activities. Examples of corporate philanthropy in Nigerian organizations are: – MTN Foundation for poverty…

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The Ethical Scope of Corporate Responsibility in Nigeria

The social responsibility view of ethics includes the set of standards, norms, and expectations that address the interests of stakeholders such as suppliers, creditors, customers, employees, and the local community. Gabriel and George (2013) asserted that “ethical responsibility also involves the fundamental ethical principles of moral philosophy such as justice, human rights and utilitarianism”. Amaeshi…

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The Legal Scope of Corporate Social Responsibility in Nigeria

Legal responsibilities address the expectations of owners, employees and customers in such a way that litigations against the organisation are minimised. Society expects that while organisations pursue their profit objectives, they should do so within the confines of the extant laws and regulations. Additionally, society expects goods and services as well as dealings with stakeholders…

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The Economic Scope of Corporate Social Responsibility and Factors in Nigeria

Economic Responsibilities refer to the set of activities, or programmes embarked upon by the management of organisations which have direct impact on the owners and employees (Carroll, 1996). A failure in properly carrying out economic responsibilities will affect the fortunes of the business in terms of employees’ interests and owners’ expectation. Economic responsibility therefore focuses…

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Scope of Corporate Social Responsibility in Nigeria

Corporate Social Responsibility (CSR) is viewed as the set of activities, processes and decisions taken by organisations in order to create favourable societal outcomes and environmental sustainability (Khan, et al, 2012). It has been defined by the World Business Council for Sustainable Development (1998) as;“the continuing commitment by business to behave ethically and contribute to…

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Suggestions for Improving Ethical Behaviour in a State

Improving ethical behaviour can be achieved by adopting the following measures. 1. Code of Ethics:It is a formal statement indicating an organisation’s basic values and moral rules it expects its members to abide by. (Robbins and Coulter, 2007). The code states the standard of behaviour required of employees in different areas of a company’s operations.…

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Consequences of Unethical Behaviour

– Advance Fee Fraud popularly known as “419”, – kidnapping, – child trafficking, – Baby Factories, and – allied crimes have portrayed Nigeria as a country of criminals whose citizen should be treated with suspicion. The implication of unethical behavior for a country is negative image which does not augur well for international relations and…

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Causes Of Unethical Behaviours in Nigeria

Unethical behaviours and practices can be traced to a number of factors. 1. LOW INCOME It is generally believed that the level of income in Nigeria is low especially in the Public Sector and in Micro, Small and Medium Enterprises (MSME). The National minimum wage of ₦18,000, which has been recently increased to ₦30,000 per…

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Unethical Behaviours and Practices in The Nigerian Economy

To know what is unethical, you have to first know what is ethics.The word ethics has been defined in various ways. It is the study of people’s rights and duties, the moral rule that guide people in decision making and the nature of the relationships among people (Stoner et al, 2009). The Merriam-Webster Dictionary define…

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Why Business Ethics is Important

There are many reasons why ethic is important in business. Organizations that are committed to behaving ethically know that committing to ethical behaviour is not only the right thing to do but that ethics is good for business. To answer the question of why business ethics is important, there is need to understand what “business…

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Importance of Ethics in Business

Issues of fairness, ethics and social responsibility are becoming progressively important as organisations all over the globe are faced with an ever increasing competition. For this reason also, entrepreneurs are increasingly capitalising on unprecedented business opportunities around the world; a progeny of globalisation of national economies. Examples of unethical business behaviour includes; – poor working…

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The State of Ethics and Unethical Practice in Business

The need to study the state of ethics and ethical conduct cannot be overemphasized. In business history, corporate executives, entrepreneurs, and corporations should know that unethical behaviours or practices cannot go for too long unnoticed. Bateman and Snell (2011) have rightly observed that insider trading, illegal campaign contributions, bribery and kickbacks, famous court cases, and…

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Concepts of Ethics in Business

The importance of ethical decision making at the workplace have long been understood by practising managers. All the assumptions and discourses about the challenges in the new century have come and gone and now trying to effectively manage the 21st century organisations has become a very harsh reality to confront. That human beings make up…

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Ethics and Corporate Social Responsibility (CSR) in Business

Ethics and social responsibility are the two sides of the same coin. They are topical and therefore, should be and are of great interest to entrepreneurs, corporate entities and society. Entrepreneurs and managers and their organisation must be aware of the expectation to be socially responsible and to put in place appropriate guidelines for instilling…

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