CORPORATE SOCIAL RESPONSIBILITY AND ETHICS

When it comes to the decision-making process that we participate in across all facets of our lives, it is a widely held opinion that ethics and corporate social responsibility play a significant role in the decision-making process. In addition, it serves as a catalyst for the acceleration of the general development process of a country, which is a significant benefit. In view of the fact that India is the second most populated country in the world and that the majority of its people does not have access to essential utilities, it is necessary that additional efforts be made as part of the policies and programs that control national health care. This is because India is the country with the second highest population worldwide. Every single individual is aware of the fact that the primary objective of a business is to accumulate financial gain. However, the production of a profit is not the only activity that a firm is involved in during its existence. As a result of the fact that it is a member of society, it is responsible for a variety of various social duties. When it comes to protecting those persons who are essential to the organization's continued existence, it does all in its power. The application of ethical concepts within the framework of the corporate world is what is meant by the terminology of "business ethics." This demonstrates that ethical business methods can and have been used to effectively manage profitable enterprises in the past. Currently, there is an increasing amount of attention being given to the moral ramifications of business as well as the application of moral principles in the context of economic transactions. This focus is taking place in a number of different ways. The issues of business ethics and corporate social responsibility are explored in detail in this study. Additionally, the factors that inspire Indian firms to participate in social responsibility activities are also investigated in depth.


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