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1. Dept: Bachelor of Business Administration
Course title: Introduction to Business
Course Code: 1101
Assignment On
Ethics & Social Responsibilities of Business
Submitted to: Submitted by:
TASLIMA NAHAR DALIA Group: Alpha
Lecturer
University of Development Alternative
Date of Submission: 13-08-2015
UNIVERSITY OF DEVELOPMENT
ALTERNATIVE
2. GROUP CONTENT
SRL.
NO.
Student’s name STUDENT’S ID
01 MD. MAZHARUL ISLAM (Leader) 021152086
02 MD.MAHMUDUL HASAN 021152121
03 MD. SABBIR HOSSAIN 021152049
04 SALEH MOHAMMAD TARIF 021152111
05 MD. ASHRAF UDDIN 021152106
06 MD. SHOHAG 021152048
07 MD. SHAKIL AHMED 021152140
08 SAYED MASHRUL RIHAM 021152114
09 MUNNA HOSSAIN 021152126
3. Business Ethics:
Ethics is two things. First, ethics refers to well-founded standards of right and wrong that prescribe
what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or
specific virtues. And secondly, ethics refers to the study and development of one's ethical
standards. Business ethics and therefore business morality generally result from an individual's
own moral standards in the context of the political and cultural environment in which the
organization is operating.
Social Responsibilities of Business:
Social Responsibilities of Business is also called Corporate social responsibility (CSR) which refers
to a business practice that involves participating in initiatives that benefit society. Here are a few of
the broad categories of social responsibility that businesses are practicing:
Environment: One primary focus of corporate social responsibility is the environment. Businesses,
both large and small, have a large carbon footprint. Any steps they can take to reduce those
footprints are considered both good for the company and society as a whole.
Philanthropy: Businesses also practice social responsibility by donating to national and local
charities. Whether it involves giving money or time, businesses have a lot of resources that can
benefit charities and local community programs.
Ethical labor practices: By treating employees fairly and ethically, companies can also
demonstrate their corporate social responsibility. This is especially true of businesses that operate
in international locations with labor laws that differ from those in the United States.
Example of corporate socialresponsibilities:
Below we show 3 different types of companies CSR initiatives, that’s are-
1) BRAC Bank.
2) Teletalk.
3) BAXIMCO Ltd.
4. As part of 3P Philosophy – People, Planet & Profit - the mission of social work is embedded
in DNA of BRAC Bank. We believe that we have a responsibility to people we work with and
places we operate in. As a mission-driven bank, we prefer to work for welfare of people and
society than to making profit. We maintain these values while carrying out our day-to-day
business as well.
In Ethics & Corporate Social Responsibility, BRAC Bank prioritizes on long term programs
rather than short term ones for lasting impact on people and society. We develop partnership
with long term commitment to implement CSR programs to ensure sustainable impact on
communities. We support non-for-profit organization with seed money rather than one-off
donation.
Here's a highlight with impact on beneficiaries –
EDUCATION
224
Poor students realize dreams to pursue higher study
5,000+
students inspired for nation building
1,200
students inspired for science education
200
Students to continue study
HEALTH
300
Garmentworkers getmedical treatment
50
Nurses getopportunityfor higher study
ENVIRONMENT
10,000
Trees saved
149
SME Unit Offices solarized
SOCIAL WELFARE
8,000
Employees donate 1-day’s salaryfor Rana Plaza victims
16,800
Cold-hitpeople receive clothes for warmer nights
2,000
Employees run for humanity
600
Employee stand up to raise voice againstviolence to
5. women
10,000
Readers avail library
ART & CULTURE
4.5
million people inspired to book reading
40,000
People find roots in classical music
Others CSR activities of BRAC Bank:
EkusheyBoiMela
Amor EkusheyGronthoMela 2008 was supported by BRAC Bank. This support would facilitate
Bangla Academy to continue its ongoing publications & Research & Development activities.
Bird Fair in Jahangirnagar University
BRAC Bank as part of its CSR activity sponsored BRAC Bank PakhiMela 2008 organized by
Jahangirnagar University. This was done to raise awareness about conservation of immigrant
birds and thus to protect them from being endangered.
Daily Star O & A level award giving ceremony 2008
To salute and encourage the nation builders of tomorrow, BRAC Bank supported the 9th
award presentation ceremony organized by The Daily Star for the students who earned more
than 7 A’s in O-level & 3 A’s in A-level. They are the future leaders who will lead the way from
the forefront.
National Vitamin A plus Campaign
BRAC Bank has sponsored 1000 pieces of t-shirts for the volunteers of country wide Vitamin-A
campaign. Each year government’s health ministry organizes this campaign where children of
0 to 5 years are given a drop of vitamin A, to prevent them from fatal diseases. To create more
awareness against such diseases BRAC Bank lent its support in the campaign.
Donation made to save a child’s life
BRAC Bank donated BDT 10,000 to help ongoing treatment of a child name ‘Dorpon’, who
have electrocuted himself and burned half of his body, while came in contact with a torn
electric wire while playing.
Sponsored Women Entrepreneur Association of Bangladesh (WEAB)
BRAC Bank supported WEAB to initiate a relief program under which they helped building
house for acid victims especially in cyclone SIDR hit areas namely Cox’s Bazar and Barisal. A
cultural event was organized to raise fund for the charity.
BRAC Bank Partnering with Dhaka Metropolitan Police
Dhaka Metropolitan Police (DMP) commenced community police service in different parts of
6. the city, with a view to involve the community in the criminal administration and traffic control
system. In this regard BRAC Bank has supported Dhaka Metropolitan Police as part of its
ongoing CSR activities. BRAC Bank has provided the DMP with road divider, traffic cones,
police vests and umbrellas to assist them in serving our society for the betterment.
15th All Asians Inter Varsity Debate Championship
BRAC Bank Limited was the event sponsor for the Youth Development Night of 15th All
Asian Inter Varsity Debate Championship organized by North South University (NSU). This
is a praiseworthy initiative by a Bangladeshi institution to organize such a mammoth event
where more than 600 young debaters from all across Asia participated.
7. eletalk Bangladesh Limited is a public limited company, registered under the
Registrar of the Joint stock companies of Bangladesh. Total shares owned by
the Government of the Peoples Republic of Bangladesh.
Teletalk Bangladesh limited was established keeping a specific role in mind.
Teletalk has forged ahead and strengthened its path over the years and achieved
some feats truly to be proud of, as the only Bangladeshi mobile operator and the
only operator with 100% native technical and engineering human resource base,
Teletalk thrives to become the true people’s phone – “Amader Phone”.
Basic objectives for which the Company was formed are highlighted here
under:
1. To provide mobile telephone service to the people from the public sector
2. To ensure fair competition between public and private sectors and thereby to
safeguard public interest
3. To meet a portion of unmitigated high demand of mobile telephone
4. To create a new source of revenue for the government.
ECSR (Ethics & Corporate Social Responsibility):
Teletalk believes in the empowerment of the people as well as the power inherent
in all of us to collectively enforce positive change in our own lives. Teletalk
Bangladesh Limited still engaged itself in several CSR activities. Notables among
them during the financial year have been described below:
1. Service SIM to Freedom Fighters
Teletalk has provided 325 service SIM to War-wounded Freedom Fighters.
Every month those numbers will be provided Talktime and other services
equivalent to 500 Tk.
2. Short Code SMS Helpline for Children with Disability/Diseases
The “666 – Helpline for Children” was established with a view to create a
specialized fund for children with dire need of financial assistance. All SMS
sent to this number was charged and the amount was retained in a special
fund. This fund was used for rehabilitation / treatment of the children.
T
8. 3. Children’s Art Initiative
Teletalk has created an unique outlet to acknowledge and encourage
children’s art. With association from “Talent Promotion Initiative” Teletalk
has arranged a children’s art competition, where children have engaged in
a day long painting competition with Bangladeshi seasonal themes.
Teletalk Bangladesh Limited then published a special “Billboard Calendar”
based on selected pictures from the competitions.
4. Blanket Distribution Program
In Rangpur district Teletalk distributed 500 (Five Hundred) pieces of
Blankets to the distressed people in the winter through AnjumanMofidul
Islam.
5. Medical Treatment for Bushra
Teletalk initiated a helping program for Bushra – a patient of Blood
Cancer. One can send SMS for Bushra to help raise fund for medical
treatment. For a 3 years old girl, needing bone marrow transplantation,
Teletalk’s unique way of extending help as well as including the
community at large was appreciated.
6. Blood Donation Program:
Teletalk has sponsored and directly participated in voluntary blood
donation program. ORCA (Old Rajshahi Cadet Association) had organized
a blood donation program which was sponsored by Teletalk.
9. oday the BEXIMCO Group (“BEXIMCO” or the “Group”) is the largest private sector group in
Bangladesh. BEXIMCO was founded in the 1970’s by two brothers – Ahmed SohailFasiurRahman
and Ahmed Salman FazlurRahman. Since the early days, the Group has evolved from being
primarily a commodities trading company to a leading, diversified group with a presence in industry
sectors that account for nearly 75% of Bangladesh’s GDP. BEXIMCO’s corporate mission is “Taking
Bangladesh to the world”.
In recognition of its corporate success and creation of shareholder value, the BEXIMCO Group has and
continues to make significant contributions to Bangladesh’s society.
Proyash
A specialized institute that works for the holistic development of children with special
educational needs through different programs
Include early childhood development programs (ECD), special schooling, therapeutic
interventions, medical and neuro-developmental assessment, leisure time and co-curricular
activities, training for the teachers, parents and integrated services
Other Ethics & CorporateSocial Responsibilities Initiatives
Charity contributions through the GonoSahajjoSongstha (GSS) for the educational sector for the
unprivileged
Free drugs during natural calamities and distribution of clothing during winter
T
10. As part of BEXIMCO Group’s focus on society development, FazlurRahman Foundation has
established a project called "FRF Diagnostic Centre". The project provides health screening
services for Beximco Pharmaceuticals and Beximco Antibiotics Industries employees.
Official sponsor of the Bangladesh National Cricket team for the ICC Cricket World Cup 2011
Official sponsor of the FIFA friendly match between Argentina and Nigeria held in September, 2011