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Question: Explain the various causes and consequences of ethical problems in business. What are your suggestions to make ethics work in Nepalese organizations? Discuss. Answer: Ethical problems in business stem from a variety of factors and can have profound implications for organizations, their employees, and society at large. This discussion will explore the causes, consequences, … Read more
QUESTION : Shareholders’ interest and stakeholders’ interest are always being a matter of discussion in business houses. In your opinion, how do shareholder’s value theory and stakeholder theory of the firm differ? Answer: The discourse surrounding the interests of shareholders versus those of stakeholders represents a significant aspect of corporate governance and business ethics. The … Read more
Corporate Social Responsibility (CSR) denotes a corporation’s dedication to ethical business practices that foster economic growth, environmental stewardship, and social welfare. It transcends mere profit generation, emphasizing the extensive effects of business operations on society and the environment. Models of Corporate Social Responsibility (CSR) denote the frameworks or methodologies that assist businesses in meeting their … Read more
Sustainability refers to the capacity to fulfill the needs of the current generation while ensuring that future generations can also meet their own needs. It emphasizes the importance of achieving a harmonious balance among economic development, environmental conservation, and social welfare. The concept of sustainability encompasses the responsible management of resources, minimizing waste, promoting social … Read more
Corporate Social Responsibility (CSR) denotes a company’s dedication to conducting its operations in a manner that is economically, socially, and environmentally sustainable. This concept transcends mere profit generation, encompassing ethical business practices, engagement with stakeholders, and contributions to the welfare of society. CSR mandates that businesses take into account the repercussions of their actions on … Read more
Corporate Citizenship encompasses a company’s obligation to make a positive impact on society, the environment, and the economy. This concept extends beyond mere legal adherence, emphasizing the importance of ethical business conduct, enhancing community welfare, and promoting sustainability initiatives. A company that embodies strong corporate citizenship incorporates social, environmental, and economic factors into its operations, … Read more
Corporate Social Responsibility (CSR) refers to the approach adopted by businesses to incorporate ethical, environmental, and social factors into their operational frameworks. Companies pursue CSR for several significant reasons: Improved Reputation and Brand Perception By implementing CSR initiatives, businesses can bolster their reputation and foster trust among stakeholders, including customers, employees, and investors. Consumers are … Read more
Corporate Social Responsibility (CSR) encompasses the integration of social, environmental, and ethical considerations into the operations of businesses. In recent years, CSR has emerged as a pivotal issue within corporate governance, driven by heightened societal expectations, global sustainability initiatives, and the necessity to reconcile profitability with ethical conduct. Nevertheless, CSR can create conflicting goals between … Read more
Following are the comparisons and contrasts between Shareholder Value Theory and Stakeholder Theory, along with an analysis of which one is superior and why: Shareholder Value Theory Definition: This theory, which gained prominence through the work of Milton Friedman, posits that a business’s foremost obligation is to enhance shareholder wealth while complying with legal and … Read more
Corporate Social Responsibility (CSR) refers to the commitment of businesses to operate in an ethical and sustainable manner while contributing to economic development, environmental stewardship, and social welfare. This concept encompasses the integration of social, environmental, and ethical considerations into business operations, aiming to generate a positive impact on various stakeholders, including employees, customers, communities, … Read more