Consider the potential conflict between corporate social responsibility and ethics while maximizing shareholder wealth. How does exercising Christian principles play a part in running a successful business while operating within state and federal regulations?
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APA format
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At least 500 words
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In sum, companies should work towards creating good relations with all shareholders to sustain a positive reputation. Identify the conflicting elements that may arise between CSR and ethics allows leaders to develop strategies that mitigate the addressed problems (Barnea, & Rubin, 2006). Most importantly, the working team should collaborate with the management without focusing on how they can gain from the shareholders’ wealth. As illustrated by Adda et al. (2016), organizations that portray honesty, respect, fairness, and build trust with stakeholders achieve positive results. Hence, aligning ethical conduct with the organizational values and objectives is a factor that leaders should not overlook when promoting CSR.
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