A position for the development of a moral corporate culture Essay

A position for the development of a moral corporate culture - Essay Example The paper tells that when corporations fail to make profits and lose to the competition, they will try to find solutions to restructure their business. When corporations do this, they should be more concerned about providing services that are ethical and will provide better customer service. Corporations get their revenue from consumers otherwise they will not make money. In fact, successful corporations should collect data on most of the issues the world is facing today and make the best strategy on how they can eliminate such issues. There are some particular directions that would achieve â€Å"Moral Corporation,† which are providing equal employment, eliminating discrimination, and preserving the environment. Having a moral corporation is good because it gives back to the community. How this can be done is by putting into place protective measures for the environment, organizing and writing a code of ethics, and choosing to provide help in world issues staff are interested in. This paper seeks to study why Moral Corporation and the relevance of corporate culture and ethics to Moral Corporation. It is found that moral culture and ethical behaviors are necessary for the sustainability of the corporations as well as environmental protection and development for sustainable development of society. Corporations are made up of persons. A corporation can be as responsible as a citizen. Responsibility goes hand in hand with rights and duties. Living a life with morals is a personal responsibility of an individual. If the corporations can enjoy legal rights of the citizens, for example, to sue and to be sued, responsibility automatically devolves on them. The negative externalities refer to environmental consequences of business decisions. When a company manufactures a product, environmental pollution arising out of such activity is borne by the society. This effect on society or cost relating to it is not factored into the pricing of the products. Therefore, t he producers should be made responsible for these costs associated with negative externalities and their customers should bear this cost.