The Economy Is Reeling. The Tech Giants Spy Opportunity. - The New York Times
The Economy Is Reeling. The Tech Giants Spy Opportunity. - The New York Times
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Business Ethics vs Social Responsibility
Business Ethics vs Social Responsibility Businesses aim to gain maximum profits for their owners and shareholders. However, this does not mean they can do whatever it takes to get that maximum profitability. They can’t do crooked things just to get their desired profit. This is where business ethics and social responsibility comes into the picture. There are many confusions between these two terms and they tend to get used interchangeably. Social responsibility is easy to understand, but the word ‘ethics’ causes much confusion. A company policy must be followed to benefit the community. This is coined as the corporate social responsibility. However, when one talks about business ethics, it becomes a very different thing, because ethics is based on conscience. There is a significant difference between social responsibility and business ethics; and the best way to differentiate the two is by defining both of them. Before defining business ethics, it is best to understand the