What is the social role of companies?
Posted: Mon Jan 20, 2025 3:45 am
In this scenario, the social responsibility function of companies emerges. Currently, these organizations are the entities with the greatest power to influence the direction of society, as they are able to bring economic and social interests together. This occurs through various means, such as:
generation and distribution of wealth: companies strengthen the consumer market and the economy, being partner entities and beneficiaries of economic development;
job creation and promotion of professional training: businesses increase employability and invest in improving production quality and education;
transformation of scientific advances into accessible and necessary products: the objective is to expand the product mix and allow for continuous market growth, which positively impacts the population's quality of life;
reducing waste and increasing productivity: companies make poland whatsapp data more goods available to society while working to increase their profit margin;
production and distribution of items that are suitable for the environment: the concern is with environmental awareness and anticipating competition, overcoming the scarcity of natural products and replacing those that harm nature;
representation of the best organized form of work: the sharing of ideas and experiences, the exercise of coexistence, solidarity and companionship as common objectives.
How to resolve ethical issues with the work team?
From all the concepts discussed so far, we can move on to the main issue. The first thing to do is to differentiate between ethical and legal issues. In general, everything related to the Penal Code falls into the second category.
The ethical issue has to do with mission, respect, trust and solidarity, that is, with the implementation of a new organizational culture, which we would call “ethical culture”.
It is important that ethical culture is embedded in the workplace, but it goes beyond simply complying with rules and legislation. Keep in mind that this concept is not only the antithesis of corruption, but a new stage in the business vision.
How to apply ethical principles in the company?
Social responsibility and sustainability are two highly relevant ethical principles within the organizational context. The first inspires the strategy adopted by the company. The second states that organizations contribute positively to the well-being of society in a long-term vision.
Therefore, the main objective of companies, as entities of an economic nature, is to adequately remunerate not only the financial capital but all the capital involved, namely: social, human, natural, relationship, technological, environmental, etc. Compare this situation with the case of a cigarette or weapons manufacturer, whose profit is achieved at the expense of people's health and safety.
In this scenario, the concept of corporate governance also stands out , which is achieved when ethical principles are combined with state-of-the-art business management. How can this be done? Answer: through a code of conduct, sometimes incorrectly called a code of ethics. It is a bridge between ethics and the company and its mission is to create a high-level organizational culture guided by ethical principles.
To implement it, the first step must be to form a working group with people from various areas of the organization who are dedicated to developing the code in its two phases: choosing the basic principles and breaking them down into rules of what to do and what not to do. There must also be an Ethics Committee responsible for promoting the dissemination of the code, its updating and interpretation and, most importantly, for judging any violations that may occur. See the Ethics Committee as the guardian of the Code!
Now it’s clear how to resolve ethical issues with your team, right? To learn more about this topic, see 3 essential corporate governance practices for companies .
generation and distribution of wealth: companies strengthen the consumer market and the economy, being partner entities and beneficiaries of economic development;
job creation and promotion of professional training: businesses increase employability and invest in improving production quality and education;
transformation of scientific advances into accessible and necessary products: the objective is to expand the product mix and allow for continuous market growth, which positively impacts the population's quality of life;
reducing waste and increasing productivity: companies make poland whatsapp data more goods available to society while working to increase their profit margin;
production and distribution of items that are suitable for the environment: the concern is with environmental awareness and anticipating competition, overcoming the scarcity of natural products and replacing those that harm nature;
representation of the best organized form of work: the sharing of ideas and experiences, the exercise of coexistence, solidarity and companionship as common objectives.
How to resolve ethical issues with the work team?
From all the concepts discussed so far, we can move on to the main issue. The first thing to do is to differentiate between ethical and legal issues. In general, everything related to the Penal Code falls into the second category.
The ethical issue has to do with mission, respect, trust and solidarity, that is, with the implementation of a new organizational culture, which we would call “ethical culture”.
It is important that ethical culture is embedded in the workplace, but it goes beyond simply complying with rules and legislation. Keep in mind that this concept is not only the antithesis of corruption, but a new stage in the business vision.
How to apply ethical principles in the company?
Social responsibility and sustainability are two highly relevant ethical principles within the organizational context. The first inspires the strategy adopted by the company. The second states that organizations contribute positively to the well-being of society in a long-term vision.
Therefore, the main objective of companies, as entities of an economic nature, is to adequately remunerate not only the financial capital but all the capital involved, namely: social, human, natural, relationship, technological, environmental, etc. Compare this situation with the case of a cigarette or weapons manufacturer, whose profit is achieved at the expense of people's health and safety.
In this scenario, the concept of corporate governance also stands out , which is achieved when ethical principles are combined with state-of-the-art business management. How can this be done? Answer: through a code of conduct, sometimes incorrectly called a code of ethics. It is a bridge between ethics and the company and its mission is to create a high-level organizational culture guided by ethical principles.
To implement it, the first step must be to form a working group with people from various areas of the organization who are dedicated to developing the code in its two phases: choosing the basic principles and breaking them down into rules of what to do and what not to do. There must also be an Ethics Committee responsible for promoting the dissemination of the code, its updating and interpretation and, most importantly, for judging any violations that may occur. See the Ethics Committee as the guardian of the Code!
Now it’s clear how to resolve ethical issues with your team, right? To learn more about this topic, see 3 essential corporate governance practices for companies .