With citizens nowadays demanding responsible business behavior from all kinds of organizations (for-profit and not-for-profit), corporations and their leaders have become aware of the crucial role of Social Return On Investment (SROI) in seeking performance excellence and sustainable growth. Due to the absence of appropriate metrics to measure social value creation the work done in that area by both the non-profit sector and the for-profit sector is grossly undervalued and thus the social value created by the investment is not known. Therefore, to bridge the gap, a Business Ethics Model has been developed by EBEN GR in 2007 aiming to align the continuous upgrading of quality and excellence in a business environment with ethical governance and corporate social responsibility. This paper presents the EBEN GR Business Ethics Model and investigates how its implementation can enable organisations to reach sustainable excellence. It also explains how the EBEN GR Business Ethics Excellence Model can be used as an alternative method for measuring an organisation’s SROI.
|Title of host publication||5th Annual Quality Conference Middle East|
|Place of Publication||Dubai, UAE|
|Publication status||Published - 1 Feb 2011|