: Ethics and Social Responsibility in International Business
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: Ethics and Social Responsibility in International Business

673674

  • Undergraduate
  • 1104

Short excerpt:

Ethics refers to a structure of moral principles, that is, a sense of good or bad and wrong or right of individual behavior accompanied by their motive and consequences. Hence business ethics means the relevance of ethics in business. Specifically business ethics refers to the study of right and wrong, good and bad as well as just and unjust individual behavior in business. Social responsibility is defined as theory where by institutions, company and individual or organization is compelled to behave in way with the intention of profiting the society as whole. This responsibility is usually classified into two that is either passive or active. Passive responsibility refers to a case where the company shuns from indulging in socially risky acts while active responsibility is whereby

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