Abstract
Economists believe that companies exist solely to generate maximum profits for shareholders using all legal and ethical means. However, philosophers and various theories of Ethics talks about that companies have a responsibility to other stakeholders, including their employees, suppliers, customers, and the communities within which they operate. Enlightened self-interest recognizes that a company's prime purpose is to not only making profits, but also this goal can be achieved by fulfilling its social and environmental responsibilities. Collective consciousness view considers the intersubjective realm to understand the enlightened self-interest to maximize the welfare of society. Companies use charitable donations to influence public opinion in their favour and long term wellbeing of society. Social Entrepreneurship promotes both wellbeing of society and creative solution for long-term growth and can earn a profit with goodness.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Social Ecology and Sustainable Development
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
