Question

Consider the potential conflict between corporate social responsibility and ethics while maximizing share holder wealth. How does exercising Christian principles play a part in running a successful business while operating within state and federal regulations?

in 300 words

Answer 1

The corporate social responsibility and ethical practices are significant factors in the success of the business firms in the today's world. The business firms have crucial obligations within our society, as well as the ideal that the business is wholly embedded to make profits to the shareholders documented that the corporate social responsibility for the recent past has continued to grow in importance and significance One of the central beliefs of most of the business firms explains that the business company possesses a social and ethical duty, as well as the economic value of profit-making to the stockholders. Most of the management in the top business company share the same principles and have similar characteristics. The managers tend to maintain high ethical standards and treat individuals fairly i.e, both workers and clients. The managers also tend to embrace good stewardship of the firm financial resources, which are available. Some of these principles, such as fair dealing, service to others, and stewardship, have a definite origin from the bible. Thus, the business firms which embrace these Christian ethics can thrive well in the today's world. Fair treatment of individuals can build confidence in clients and, therefore,significant growth.