Organizational Ethics Essay -- Business Management

Market economies as ultimately embarked consumer sovereignty as the cornerstone of capitalism; further, bearing moral compasses in a pluralistic society of ethical behaviour. Hence, dictating the normative enactment of corporate social responsibility subsequently undertaken via individual businesses. Consumers under capitalism are, accordingly to ideology, the decision makers on the allocation of society’s resources (N. Smith, 1990). Echoing, mere imperatives for companies to articulate their role, scope & purpose in order to maintain their validity, reputation & self worth depends on their ability to understand their place in society (W. Visser, D. Mallen, M. Pohl, N. Tolhurst, page 101). As such, meriting thorough analysis of FirstGroup plc rather compulsion of fulfilling both ethical and corporate social responsibility in an ever evolving societal landscape will be undertaken. FirstGroup plc operates a transportation business model with a wholesome revenue stream of over  £6 billion & employs 130 000 staff throughout the UK & North America with a testimonial annual total passenger calculus of 2.5 billion and a justifiable 23% market share (UK bus and rail division). Griseri et al (2010) points out such core stakeholders of the company which are reluctantly vital for the existence and success of the company. These stakeholders form the principal resource base for the company. As FirstGroup maintain and improve their ability to on the resources held via their core stakeholders. In contrast, the second group (depicted above) relates to the company’s competitive position within the company’s particular industry and market. The main challenge for the company with this group of stakeholders is to establish and sustain relati... ...ivil society: emerging embedded relational governance beyond the (neo) liberal and welfare state models’, Journal of Corporate Governance, 5 (3), 159–74 Robert W. Kolb (2008), Encyclopedia Of Business Ethics And Society, Vol. 5, page 71 John Henry (2004), Between Enterprise and Ethics-Business and Management in a Bimoral Society, page 111 FirstGroup plc., 2010. Section 3 – Employment, . [online] FirstGroup plc Available at: [Accessed 16 December 2010]. Ghoul, S. et al, 2010. Does Corporate Social Responsibility Affect the Cost of Capital?, [online] Available at: [Accessed 2 December 2010]. Heinkel, R., A. Kraus and J. Zechner, 2001, The Effect of Green Investment on Corporate Behavior, Journal of Financial and Quantitative Analysis 36, 431-449.