Explain about strategy, ethics and social responsibility

Question

Explain about strategy, ethics and social responsibility in brief.

Answer 1

Strategy, ethics and social responsibility:

This section has a focal point on examining what relation, when any, there should be between a company’s efforts to craft and perform a winning strategy and its jobs to conduct its activities in an ethical way and show socially responsible behavior by being committed business citizens and attending to the requirements of non-owner stakeholders – employees, the communities in which it works, the drawback, and society as a whole.