LOG 311 Procurement Ethics and Corporate Social Responsibility Assignment Sample SUSS, Singapore

In this assignment sample, we will be going to discuss Procurement Ethics and Corporate Social Responsibility SUSS, Singapore. Business ethics and Corporate Social Responsibility (CSR) are often used interchangeably, but they’re not the same. Ethical decision-making is a contributing factor to fulfilling an organization’s duty of being responsible members of society.

however, students must be able to appreciate the subtle differences between business ethics and CSR in order to make effective decisions on modern-day issues such as globalization or climate change.

In this course, participants will learn how to make the most ethical decisions in business. We’ll discuss topics such as Ethics vs Law, Ethical and Moral Theories, Critical Thinking skills for decision making that are influenced by our own worldviews or assumptions about what is right and wrong.

Additionally, there’s been an evolution over recent decades with organizations moving away from philanthropic endeavours towards evaluating their entire process when it comes to profit-making activities; after all CSR (corporate social responsibility) means “doing well by doing good”.

This course was designed to offer tools that will help participants make more informed decisions and to do so in a way that is consistent with the company’s values or culture.

TOA, TMA, GBA Assignment solution of Procurement Ethics and Corporate Social Responsibility

At the end of this course, the student will be able to understand Procurement Ethics and Corporate Social Responsibility with the help of the following learning outcomes

1. Appraise the types of ethical business dilemmas regularly occurring in decision making, particularly in the field of procurement.

We can appraise the types of ethical business dilemmas regularly occurring in decision making, particularly in the field of procurement through secondary sources such as the internet, journal articles, or books on corporate social responsibility.

A good example can be seen in the recent news that China Railway Construction Corp has not only failed to pay its workers in Sri Lanka but also failed to issue them travel documents.

In addition, it had simply abandoned large amounts of construction material and heavy machinery at the sites which became a serious obstacle for the Sri Lankan government when it came to resuming railway construction and continued implementation of other projects. This is an ethical dilemma since CRCC is undervalued by Chinese society due to its negative activities.

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2. Criticize the various tools and techniques to manage business ethics and assess their suitability for managing unethical purchasing behaviours.

We can criticize the various tools and techniques to manage business ethics and assess their suitability for managing unethical purchasing behaviours through the use of the case cited. The case refers to unethical purchasing behaviour that occurred in Sri Lanka.

This was when a Chinese company, China Railway Construction Corporation (CRCC), engaged in corrupt practices while dealing with the Sri Lankan government. These unethical dealings were reflected in the way they conducted themselves during negotiations and discussions regarding the railway construction project. It is evident that CRCC’s main interest was only to maximize its profit, at any cost to them or their local partners in Sri Lanka.

On the other hand, there are guidelines that are issued by the company to guide them in their dealings (Kaswabali & Guo, 2008). This set of rules was put in place so as to ensure that the company’s purchasing department is being run according to ethical standards. The first rule deals with honesty and fairness in all business transactions. This involves ensuring that all contracts are fairly negotiated and honestly completed.

No one should be given a preference over another based on personal relationships or relatives (CRCC, 2012). When it comes to dealing with local suppliers, CRCC has a number of measures that deal with this issue. First, they invest heavily into developing local suppliers’ competencies for meeting the specific needs of the company.

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3. Analyze the role of one’s own value system in moral and ethical decision-making.

We can analyze the role of one’s own value system in moral and ethical decision-making by referring to the CRCC Code of Business Conduct and Ethics. We would be able to identify how one’s own value system impacts moral/ethical decision making through identifying specific examples such as if a staff member is faced with a situation where they can make a decision that will promote his/her own interest or even gain personal benefits, but this may reflect negatively on the company’s reputation.

4. Illustrate the relevance of the ethical business activity to corporate social responsibility.

We can Illustrate the relevance of the ethical business activity to corporate social responsibility by stating how it is important to the customer. There are many examples where ethical business activities, such as information transparency and fairness, will improve CSR performance. In order for there to be a permanent change in society, these principles must be practised not only at an individual level but also corporate level too so that the behaviour of companies can become more transparent (Hayward-Mackay 438).

The public relations act was passed in Singapore on 9 January 1994 under section 3A(a) Public Relations Consultants Practice Act 1989. This section allows scope for students who wish to apply for employment with an international or local-based organization as public relations consultant.

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5. Demonstrate understanding of corporate social performance and discuss how to align the strategy for CSR with the overall organization’s strategy.

We can demonstrate understanding of corporate social performance and discuss how to align the strategy for CSR with the overall organization’s strategy by understanding the corporate social performance framework by focusing on three main elements of strategy design:

First, identifying the relevant stakeholders and how they “play a role in shaping the organization’s reputation;” second, understand what resources to be utilized for organizational strategy development and management; finally, identify a business approach in order to reach an intended objective.

6. Assemble best practices of CSR in commercial and public sectors and evaluate the effectiveness of their stakeholder relations and partnership management.

We can assemble the best practices of CSR in commercial and public sectors and evaluate the effectiveness of their stakeholder relations and partnership management by using the three factors of internal context, external environment, and firm strategy. In addition to that, we can also gain valuable insights from famous cases such as Nike’s business strategy in Asia and its controversies over child labour in countries as well as Corporate Social Responsibility (CSR) management practice of global corporate giants.

As one of the most successful sporting goods manufacturers in the world, Nike needs to ensure a top-quality product via effective production operations which are often associated with poor working conditions along with high rate turnover of employees who work long hours under the substandard working conditions with low wages. However,

7. Formulate his/her own stance on business ethics issues.

We can formulate his/her own stance on business ethics issues by taking into account three ethical principles; Justice, Care, and Utility

In order to apply the first principle, we need to consider a situation where an employer does not pay his/her workers as agreed upon. This is unfair because it violates worker’s merit-based employment rights. In this case, the principle of justice provides a guideline according to which Nike should avoid such practices in order not to contradict their CSR practice. Multinational corporations are expected to follow specific laws of each country they operate in, hence a violation of these rules may lead to serious consequences for the business.

8. Assess the role of corporate governance in ethical decision-making and CSR.

We can assess the role of corporate governance in ethical decision-making and CSR through the following three points:

First, we can consider the Association for Corporate Governance in Singapore (ACGS) standard of corporate governance. This is a set of principles that are used to guide operations and decision-making within an organization. It encompasses six elements such as board composition, audit practices, and reporting standards among others (ACGS, 2008).

Second, we can also review the CSR policies of Nike Inc., which were elaborated on earlier in this article especially the “culture” policy of Nike developed by management. The core principle that runs through these various initiatives is a clear commitment towards responsible business practices.

Thirdly, we may also examine some other aspects associated with business integrity under the category of corporate governance as mentioned by Howard Behar Chief Officer.

9. Debate whether pursuing ‘sustainability’ is equivalent to fulfilling CSR.

We can debate whether pursuing ‘sustainability’ is equivalent to fulfilling CSR or not, in terms of both the definition as well as the application of CSR. In this sense, we can argue that ‘sustainability is broader than CSR because it encompasses ethical and socially responsible practices whereas CSR can be seen more narrowly.

However, there are various other arguments supporting the idea that sustainability and CSR are interchangeable means to achieve a similar aim i.e., maintaining economic growth while conserving natural resources so that they remain renewable for future generations.

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