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Ethics is a broad concept that entails many facets included in decision making. On the other hand, social responsibility is focused on maximizing stakeholder contentment, and minimizing negativity.
The idea behind social responsibility is put into action when a corporation practices good corporate citizenship. This includes four major categories that businesses today try to make a positive impact in. The four categories are: economic, legal, ethical, and philanthropic. The economic side is most important to the stakeholders who are shareholders. You see, stakeholders don't have to be shareholders; actually, they can be someone who doesn't even know about the business...
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