Organizational Behaviour and Human Resource Development - Essay Example No consideration has been given to the impact of business practices on the environment. This has resulted into an increase in the global warming, and the natural resources reserves are diminishing all over the world. As people learned more and more about these facts owing to the immense universal rise in the literacy rate since the past few years, they have developed a sense of responsibility towards the environment. Ethics and ethical concepts like corporate social responsibility were never given as much importance as they are valued in the contemporary age. There has been a general discouragement and disliking for environment ruining businesses. As a result of this, modern day entrepreneurs face additional challenge of having to comply with the ethical standards in order to gain competitive advantage over their contemporaries in the market. Business ethics is a concept that is getting increasingly prominent in the current market scenario. It is a “buzz word†in the modern age corporations (Arrizza, 2009).
