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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
67
BUSINESS ETHICS |
10.6.1 NATURE OF BUSINESS
Traditionally, business has been seen as a property institution rather than a social institution. In its conventional
form, the primary motive of business was to earn prof ts. It was believed that business should earn prof ts at
any cost. This implies that the domain of business as an entity was distinct and independent from that of the
rest of society.
10.6.2 ROLE OF BUSINESS IN RELATION TO OTHER ENTITIES
Traditionally, society expected business to produce goods and services as per the need of its members.
Business as well as society expected the state or government to take care of other social and environmental
concerns. Further, it was assumed that the managers would automatically meet ...
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Publisher Resources

ISBN: 9789332506497