Anglo American Case Study Answer 1 Business ethics are the behaviors that any given business holds on to in its operations with either common or corporate world.
Anglo American mines all over the world, extracting raw materials for industrial use.
As a producer of primary goods, Anglo American has a huge target on their back from pressure groups, environmentalists and other publics.
Their every move is under intense scrutiny. This case study focused on all the ways that Anglo American has initiated and implemented good ethical codes of behavior on a sustainable level to maintain a high level of corporate social responsibility and positive public image.
The main process that Anglo American utilizes to behave ethically is using an internal set of core values and standards. These business principles are what Anglo American calls Good Citizenship, and are used to guide their behaviors. Another way that this company makes an effort to behave ethically is to voluntarily abide by rules created within the industrial sector.
This support helps the company to behave ethically in their treatment of employees, the countries and communities they operate in and the environment.
This practice allows Anglo American to qualitatively and quantitatively measure how their actions affect the stakeholders like community representatives and the company itself. By creating and following their own Good Citizenship principles, voluntarily supporting internationally and locally created principles within their sector, assisting their host communities with economic growth and focusing on health initiatives for their workers, Anglo American is positively building their reputation and brand.
All of these steps promote good corporate social responsibility and is witnessed by the governments, communities and employees that are affected by these behaviors.
This builds the image of their brand as one that is focused on behaving with ethical principles as their foundation. Promoting ethical behavior makes stakeholders and investors confident in the reputation of the company.
In this way, Anglo American is able to distance and differentiate itself from competitors, thus making more mining deals with governments, gaining investment and increasing profits for their investors.
While the focus of the business is to increase profit, this is not done at the expense of stakeholders. Maintaining ethical principles is a cost that pays for itself.
Even if the cost of being ethical is more expensive than not being ethical, overall, the company stands to gain more stability and sustainability when acting according to ethical business practices. Each year Anglo American develops goals for sustainable development that are focused on issues of ethics regarding their employees, host communities and the environment.Business ethics and corporate social responsibility An Anglo American case study.
Below is a list of Business Case Studies case studies organised alphabetically by company. Business ethics and corporate social responsibility An Anglo American case study. Below is a list of Business Case Studies case studies organised alphabetically by company.
To view more companies, please choose a letter from the list below. Page 1: Introduction. Oct 18, · This case study focused on all the ways that Anglo American has initiated and implemented good ethical codes of behavior on a sustainable level to maintain a high level of corporate social responsibility and positive public image.
1 - Anglo-American Case Study introduction. What are business ethics?
Give two examples of business practices that stakeholders would regard as ethical and two that might be considered unethical. Having good business ethics is having a sense of responsibility for both the community and the environment.
It is essential to be aware . Business Ethics and Corporate Social Responsibilities.
Case Study: Anglo-American: Business ethics and corporate social responsibility. Anglo-American Case Study Essay.
1 - Anglo-American Case Study Essay introduction. What are business ethics? Give two examples of business practices that stakeholders would regard as ethical and two that might be considered unethical.