How does ethical behaviour contribute to the success of a business? (1 Viewer)

queenb_3

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CSR is a year 12 concept and is included in the HSC syllabus. I don't think you should refer to it as CSR in your answer, but rather as ethical behaviour, while still including all the information that has been provided.

Just a minor detail I thought I'd mention :)
Agreed, it's not mentioned as much in the prelim syllabus but it's still within it and you can get used to business terminology for practice
 

chrstinee

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That's good!

So start with:
- Point: This point is like a mini thesis, and allows you to attack the question. In your point, define the concept in the question, such as what a business utilises to achieve success [in this case CSR; CSR which is ...... allows a business to be ethical which contributes to it's success].
- Next, explain with evidence. This is explaining your point, and supporting it with evidence. Your explanation should be succinct to the point, and it should answer the directive verb in the question (e.g if the question says how, then explain how ethical behaviour aids a business- business reputation, productive employees, motivated workplace etc). This step needs to be repeated as many times as required per the marks allocated for the question.
- The final step is to link. Conclude your response by using a link to tie up everything. Restate the question by answering the directive verb. (e.g, through CSR and Google, it is therefore explicit ethical behaviour aids a business in achieving business success).

Feel free to write up a response and send it to me (or post it here if you want), I can mark it for you!
This is a really rough draft
In incorporating CSR, businesses are able to operate ethically and contribute to economic development while improving the quality of life of the workforce and the community as a whole which contributes to its success. As a socially responsible business, the business would want to adjust to the increasingly strict environmental regulations. Increasingly, society has established a greater concern for the environment. As a result, one has to be aware of the community needs, opinions and attitudes to provide a good reputation. For example, a business can incorporate ecologically sustainable practices such as recycling and alternative energies such as solar energy to demonstrate its ethical behaviour. Consequently, it reveals the business takes into consideration of values and beliefs of the community. Making the business have a competitive advantage over its competitors. Starbucks a barista business is known to implement corporate social responsible initiatives. In 1998, Starbucks was struggling financially resulting in the closure of multiple stores. In addressing this Starbucks launched a series of initiatives centred around people, the environment and the community. A notable initiative was the guarantee of the ethical production and purchasing of coffee tea and cocoa. By investing in its people and community Starbuck was able to exceed its prior revenue in 2013 and establish a positive image of the company. Through CSR, it is clear that ethical behaviour contrubutes to the success of a business.
 

queenb_3

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This is a really rough draft
In incorporating CSR, businesses are able to operate ethically and contribute to economic development while improving the quality of life of the workforce and the community as a whole which contributes to its success. As a socially responsible business, the business would want to adjust to the increasingly strict environmental regulations. Increasingly, society has established a greater concern for the environment. As a result, one has to be aware of the community needs, opinions and attitudes to provide a good reputation. For example, a business can incorporate ecologically sustainable practices such as recycling and alternative energies such as solar energy to demonstrate its ethical behaviour. Consequently, it reveals the business takes into consideration of values and beliefs of the community. Making the business have a competitive advantage over its competitors. Starbucks a barista business is known to implement corporate social responsible initiatives. In 1998, Starbucks was struggling financially resulting in the closure of multiple stores. In addressing this Starbucks launched a series of initiatives centred around people, the environment and the community. A notable initiative was the guarantee of the ethical production and purchasing of coffee tea and cocoa. By investing in its people and community Starbuck was able to exceed its prior revenue in 2013 and establish a positive image of the company. Through CSR, it is clear that ethical behaviour contrubutes to the success of a business.
Let's say it's worth 5 marks as @jimmysmith560 suggested.

[As a socially responsible business, the business would want to adjust to the increasingly strict environmental regulations. Increasingly, society has established a greater concern for the environment. As a result, one has to be aware of the community needs, opinions and attitudes to provide a good reputation] ✅

[For example, a business can incorporate ecologically sustainable practices such as recycling and alternative energies such as solar energy to demonstrate its ethical behaviour. Consequently, it reveals the business takes into consideration of values and beliefs of the community, making the business have a competitive advantage over its competitors]. ✅

[Starbucks a barista business is known to implement corporate social responsible initiatives. In 1998, Starbucks was struggling financially resulting in the closure of multiple stores. In addressing this Starbucks launched a series of initiatives centred around people, the environment and the community.] ✅

[A notable initiative was the guarantee of the ethical production and purchasing of coffee tea and cocoa. By investing in its people and community Starbuck was able to exceed its prior revenue in 2013 and establish a positive image of the company.] ✅

Great thesis and link! ✅

It's a good response overall, especially considering it's a rough draft, but I'd just advise you to refer to parts of the question specifically, such as 'ethical' and 'success'!
 

chrstinee

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Let's say it's worth 5 marks as @jimmysmith560 suggested.

[As a socially responsible business, the business would want to adjust to the increasingly strict environmental regulations. Increasingly, society has established a greater concern for the environment. As a result, one has to be aware of the community needs, opinions and attitudes to provide a good reputation] ✅

[For example, a business can incorporate ecologically sustainable practices such as recycling and alternative energies such as solar energy to demonstrate its ethical behaviour. Consequently, it reveals the business takes into consideration of values and beliefs of the community, making the business have a competitive advantage over its competitors]. ✅

[Starbucks a barista business is known to implement corporate social responsible initiatives. In 1998, Starbucks was struggling financially resulting in the closure of multiple stores. In addressing this Starbucks launched a series of initiatives centred around people, the environment and the community.] ✅

[A notable initiative was the guarantee of the ethical production and purchasing of coffee tea and cocoa. By investing in its people and community Starbuck was able to exceed its prior revenue in 2013 and establish a positive image of the company.] ✅

Great thesis and link! ✅

It's a good response overall, especially considering it's a rough draft, but I'd just advise you to refer to parts of the question specifically, such as 'ethical' and 'success'!
How could I specifically refer to the question I feel like I haven’t really answered the question to achieve full marks.
 

queenb_3

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I would suggest more emphasis on the success of a business - so for example, implement it in like a 2 in 1; talk about how ethics gives a business success so like it allows for motivated employees which will in turn result in higher productivity and therefore an increase in profits. Also, you can talk about what makes a business ethical, and this can be the triple bottom line: so not focusing on profits as much increases the businesses value in the eyes of consumers e.g Aldi's reusable plastic bags
 

chrstinee

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I would suggest more emphasis on the success of a business - so for example, implement it in like a 2 in 1; talk about how ethics gives a business success so like it allows for motivated employees which will in turn result in higher productivity and therefore an increase in profits. Also, you can talk about what makes a business ethical, and this can be the triple bottom line: so not focusing on profits as much increases the businesses value in the eyes of consumers e.g Aldi's reusable plastic bags
As a socially responsible business, the business would want to adjust to the increasingly strict environmental regulations. Increasingly, society has established a greater concern for the environment. As a result, one has to be aware of the community needs, opinions and attitudes to provide a good reputation] ✅

[For example, a business can incorporate ecologically sustainable practices such as recycling and alternative energies such as solar energy to demonstrate its ethical behaviour. Consequently, it reveals the business takes into consideration of values and beliefs of the community, making the business have a competitive advantage over its competitors]. ✅

[Starbucks a barista business is known to implement corporate social responsible initiatives. In 1998, Starbucks was struggling financially resulting in the closure of multiple stores. In addressing this Starbucks launched a series of initiatives centred around people, the environment and the community.] ✅

[A notable initiative was the guarantee of the ethical production and purchasing of coffee tea and cocoa. By investing in its people and community Starbuck was able to exceed its prior revenue in 2013 and establish a positive image of the company.

Furthermore, ethical Behaviour applies the principles of honesty and fairness to relationships with coworkers and customers. As a result they are able to develop positive relationships with coworkers. Ethical individuals make an effort to treat everyone with whom they come in contact as they would want to be treated themselves. Hence motivating workers resulting in a higher productivity Leading to profit maximization.

A business can also be ethical through focusing on the triple bottom line. The triple bottom line is a sustainability framework that measures a business success in terms of three areas profit people and planet. In implementing this ethical behaviour it reveals to customers that the business is not concerned about profits as much which increases the business value in the eyes of the consumer. Hence, contributing to the success of a business.
 

chrstinee

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I feel like I want to add a topic sentence so it sounds like I’m answering the question but I’m not sure if it’s right to do so. I was thinking of defining ethical behaviour
 

jimmysmith560

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I feel like I want to add a topic sentence so it sounds like I’m answering the question but I’m not sure if it’s right to do so. I was thinking of defining ethical behaviour
You could go for it, although I don't feel it's necessary since the beginning of your answer gets straight to the point and the fact that your answer is around 300 words which when written is nearly a page long.
 

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