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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
Politics and Ethics in Business
Prof. K.V. Bhanu Murthy
Unit IV
BACKGROUND
Traditional approach to the role of business ignores politics in business. The role of business was supposed
to be purely economic. Therefore, the responsibility of the corporation is purely economic. This meant that
it should be concerned with prof t alone. In other words, corporate responsibility in management theory and
practice is implicitly built upon the neoclassical concept of a strict division of labour between political and
economic actors and domains. Politics concerns governance, conf ict resolution and power. That is the role
of politics to institute ...
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Publisher Resources

ISBN: 9789332506497