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Explain the concept of ethics and then compare and contrast that concept to social responsibility. Can a company be moral and ethical? What market forces drive a company to adopt socially responsible positions? What market forces drive a company to be socially irresponsible? Give examples of each.
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Ethics of Care in Business
Ethics is the concept that determines the way in which people behave. It is concerned with the ideas of right and wrong so that an individual chooses to behave in the right way. It is a branch of philosophy that is concerned with the systematization, defending and recommending concepts that relate to right and wrong. Ethics is concerned with morality and deals with questions regarding what is right for humanity. Ethical principles guide people to lead a positive life, and they influence how people make decisions.
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