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The commonly accepted goal of for-profit organizations is to maximize shareholder wealth. Management might be faced...

The commonly accepted goal of for-profit organizations is to maximize shareholder wealth. Management might be faced with an ethical dilemma between profits and doing what is right for society. Do these for-profit organizations have a moral obligation to society? Why or why not? Be prepared to provide examples to support your position.

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It is true that the basic objective of for profit organization is to maximize the shareholders wealth but we all know business works with in a environment which comprises of various internal and external parties and factors. Any one which is associated with the organization is called the stakeholders and well being of every stakeholder is the responsibility of the business. As business operates in the society so it is the duty of business to do welfare acts for employees, uneducated people and for the society by imparting education to poor, provide clean drinking water, social upliftment. This comes under corporate social responsibility and now companies are spending funds for the society and for the welfare of various stakeholders.

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