Business-ethics-and-corporate-social-responsibility
Difference between business ethics and corporate social responsibility from brainly.in The Importance of Business Ethics In today's business landscape, the importance of ethics cannot be overstated. Business ethics refers to the moral principles and values that guide the behavior and decision-making of individuals and organizations in the business world. It encompasses honesty, integrity, fairness, and respect for stakeholders, including employees, customers, suppliers, and the community at large. With the rise of social media and increased transparency, businesses are under constant scrutiny, making ethical behavior more crucial than ever. Consumers and investors are increasingly demanding companies to demonstrate ethical practices, and failure to do so can result in reputational damage and loss of trust. The Role of Corporate Social Responsibility Corporate social responsibility (CSR) goes hand in hand with business ethics. It refers to a company's commitment to contribu