Generation of maximum returns for its owners and shareholders are the ultimate purpose of any business. One is that social problems, including poverty and environmental degradation, are often worse in the developing world than in the developed world. Also, you have to develop ethics on the accounting process, production, intellectual property, knowledge and skills.
AACSB-accredited schools offer students a relevant and challenging curriculum, the highest quality faculty and career opportunities that are not found at other business schools. Putting real policies in place that take care of the employees and as well the local community can bring about enhancement of your business brand.
And for that kind of social responsibility he condemned it as a kind of taxation, without proper democratic procedures in place. Requires education and guidance : Businessmen must be given proper education and guidance before introducing business ethics. Gives protection to social groups : Business ethics give protection to different social groups such as consumers, employees, small businessmen, government, shareholders, creditors, etc.
It is also my sense that the multiplicity of consequences makes evaluating ethics complex: if some of the consequences are good, and others are bad, assessing the rightness of the action necessitates a great amount …