Business Managment Essay Example | Topics and Well Written Essays - 500 words

Business Managment - Essay ExampleIn this way, we can examine applications in the business context, thus order of payment conclusions about their roles in strategy.Strategic moral philosophy comprises principles and standards that subscribe behaviour in the world of business Ferrell and Fraedrich (20006). Social office on the other hand is the province a business assumes toward society. Jennings (20036) defines these responsibilities as being economic, legal, ethical and philanthropic. A business economic responsibilities are to produce goods and services that society needs and wants at a expenditure that can perpetrate the business and satisfy its obligation to investors. The legal responsibilities are the laws that they must obey. Ethical responsibilities are defined as behaviours or activities that are evaluate of business by society but are not codified in law. Philanthropic responsibilities are those behaviours and activities that society desires and business values dicta te.Social responsibility then can be viewed as a contract with society, whereas business ethics involves carefully thought out rules of business organizational conduct that guide decision making. Business ethics relates to rules and principles that guide individual and work group decisions, whereas social responsibility concerns the effect of organizational decisions on society.When a corporations values and ethics support its strategy, the companys stability and success i