ETHICS, TECHNOLOGY, SUSTAINABILITY AND SOCIAL ISSUES

 Running head: ETHICS, TECHNOLOGY, SUSTAINABILITY AND SOCIAL ISSUES 1
Ethics, Technology, Sustainability and Social Issues in Business
Name
Institutional Affiliation
ETHICS, TECHNOLOGY, SUSTAINABILITY AND SOCIAL ISSUES 2
Abstract
Many businesses have developed the ambition to manage Corporate Social Responsibility (CSR)
in their operations. Customers are becoming more selective with services and due to the higher
disposable level of income. Therefore, for businesses to enjoy the economy of scale, formulating
new policies is necessary to meet customer demands. For small enterprises, laying down
strategies to implement social responsibility is important to improving performance by
participating in cooperative projects. The use of the current technology exposes business
activities to threats. Implementing stronger networks of security is necessary to stakeholders and
partners, especially in the supply chain system. Therefore, having their confidence enables
management to restore trust in protecting their interest in the company. Protecting people from
unscrupulous individuals is what involves corporate social responsibility. The technology used in
businesses improves CSR in the firm, which leads to provisions of sustainability. Businesses
require policies that focus on implementing the operations of CSR. It involves partners and
stakeholders. Businesses need to choose the right path in marketing through social media and
online network platforms to achieve sustainability.
Keywords: businesses, corporate social responsibility.
ETHICS, TECHNOLOGY, SUSTAINABILITY AND SOCIAL ISSUES 3
Ethics, Technology, Sustainability and Social Issues of Business
Sustainability and corporate social responsibility (CSR) are standard terms in commerce
nowadays. Notably, Peter Drucker, commonly known as the “father of modern management”,
researched what social responsibility entails in the 1930s. He explored the idea that any business
is responsible for societal affairs, which are expressed in the field by the stakeholders. The
primary focus pointed out the lack of government involvement to take part in the case of the
corporate responsibility in society. Drucker rejected this idea.There were also developments in
the corporate world after the remarks of Drucker; however, corporations are using workers and
their clients' ideas mainly for profits. Alternatively, the movement of social entrepreneurship is a
system of profit and nonprofit agencies. Their role is to determine the difficulties experienced in
the social welfare of the societies involved. They include the creation of jobs using green
products and educating the community on their civil rights, coupled with sustainability, among
other environmental concerns due to technological innovations. Technology has helped
businesses speed up efficiency in operations; however, firms should understand the benefits and
the challenges of technology, especially in this contemporary world in which the use of
technology is embedded in our daily activities. Accordingly, the requirements on the use of
technology have a concern on ethical factors, especially regarding applications. For instance,
each country and industry has different standards in ethics, depending on the proper regulation.
There are cases of uncertainty like the spending and lending that opened a free-for-all that
triggered the 2008 recession with firms like HealthSouth and Lehman Brothers, among others.
ETHICS, TECHNOLOGY, SUSTAINABILITY AND SOCIAL ISSUES 4
Social Responsibility Initiative
Many businesses have managed to express Corporate Social Responsibility (CSR) in
their operations. The outsourcing of global information technology is one of the business
methods that has gained the economies of scale in the venture of CSR (Singh, 2016).
Furthermore, this can lead to improvements in economic, social and political activities that may
be useful to organizations and their customers (Babin et al., 2011). Therefore, CSR helps to
evaluate how a company performs, according to the benefits it offers. Moreover, practicing
corporate social responsibility is important to meeting international standards and employee
expectations. The current business systems in operation experience an increased level of income
than in the past. As a result, management should provide services and products to the expectation
of customers’ demand to survive any competition (Bellow, 2012). According to Persons (2012),
the public views the responsibility of organizations to be affecting business environments, both
internal and external. Therefore, it is important for small businesses to copy and implement the
social responsibility to improve their performance.
Information Security
The level of technology has changed the operation of business activities compared to the
past. With companies adopting new technology systems, such as e-commerce and other
approaches in the development of new applications, t