Executive summary:

This report serves to analyze the external and internal environment of James Hardie and explain the important of managerial ethics and corporation social responsibility.
In James Hardie case, since the managers solely pursued profit maximization, it neglected employee’s safe and health, which result in 137 young worker died due to asbestos-related diseases.
Money as the single bottom line is increasingly a thing of past. Pursued profit leads to unethical management, propagate false or misleading information, bad corporation reputation, unstable employment, reducing long run profit etc.
More and more concern is displayed with managerial ethics and social responsibility. Some may regard them as cost which will eliminate …show more content…

3. People are the most important resource in 21st century. Bringing ethics and values into the workplace can lead to employee retention.
In today’s highly competitive environment, the best talent seeks out organizations that reflect their inner values and provide opportunities for personal development and community service, not just bigger salaries. To survive into the 21st Century, organizations must offer a greater sense of meaning and purpose for their workforce.

Part C: Corporate Social Responsibility

1. Corporate Social Responsibility (CSR) gets more and more attention in business
Businesses today, while pursuing profit maximization, should simultaneously be responsible to all stakeholders: the consumers, the stockholders, the community and other groups contributed to the development of the business. CSR is more and more becoming a hot topic, Labor rights, injustice among different social parties, environmental protection issues, etc, attracting attention from the government, different organizations and institutions, and businesses. A businesses interest should be consistent with those of the whole community; the community has provided various resources for business, therefore, the business should in turn satisfy the needs of the community.
2. Strengthening CSR is a need for business itself
Today, Businesses main function is no longer only pursuing the economic ends; it also has to contribute to the whole society: economic