Importance of Ethical-Decision Making

• Corporate social responsibility:

  • Where businesses consider the interests of shareholders, society and the environment.
• • Promotes ethnical decision making to benefit society and the environment
• • CSR values profits alongside social responsibility and environmental sustainability - responsible businesses enhance reputation as customers prefer businesses that act ethically
• This is where consumers may stop purchasing from companies that exploit employees, engage in bribery or pollute.
• Although this may not affect short-term costs, it benefits companies in the long run.