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Topic: Miscellaneous
Number of pages / Number of words: 4 / 1090
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However, a deliberate attempt to maneuver the ?profit' and make it show a different figure from what is actually the case is not only unethical, but also detrimental to the stakeholders and society at large, as it has tremendous implications.

Though the dominant objective of business has been ?earning profits', the obsession with profits must not be overwhelming and be the sole objective...


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An extremely high obsession with profits could jeopardize the balance with corporate governance, which is the mantra of most socially responsible companies. Also this motive could cause a tremendous imbalance with society at large, which could result in the business perishing sooner than later. It should thus be the focus of every legitimate business owner to keep the society alive through following ethical and acceptable business principles and adopt CSR through corporate governance or otherwise...


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