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Wednesday, May 27, 2009

Social Responsibility

Social Responsibility

The motto of business - is to make profit by any means in a competitive environment since Adam Smith popularized his theory of "Laissez Faire". But time has changed since then and now big corporations have more money than economies of most third world countries. On the other hand the world is divided into "haves" and "have-nots" - millions of people are suffering from uncurable diseases and hunger. In this scenario- corporations with hundreds of thousand employees and operations in many countries can't escape their responsibilities towards societies. I am really glad to find a list like this on the basis of business ethics. It is a much needed list - so that corporations get aware of their responsibilites. Thanks for the list. Cheers and best wishes ------------------





SA 8000

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