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Politics, Ethics and Social Responsibility of Business
book

Politics, Ethics and Social Responsibility of Business

by Usha, Bhanu;Krishna, K. V. Murthy
October 2010
Intermediate to advanced content levelIntermediate to advanced
232 pages
9h 1m
English
Pearson India
Content preview from Politics, Ethics and Social Responsibility of Business
63
BUSINESS ETHICS |
Often their (un)ethical actions have led to a great loss to the society. It is often argued that the case for business
ethics lies in ethical behaviour bettering the prof ts of the company. What is not emphasised is that a strong
negative incentive exists for a company to pursue ethical practices. The cases of Enron and WorldCom amply
make it clear that one single reason for a company to follow ethical practices is not prof t but reputation. Their
prof ts could not bail them out in the dire circumstances that lead to their debacle.
Business ethics
Individuals such as Harshad
Mehta or Abdul Karim Telgi
Corporations such as
Enron ...
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Publisher Resources

ISBN: 9789332506497