Ethics and Social Responsibility ㅡ Key Components in Successful Business Ventures

In twenty first century, society, business and environment are confronted with a set of issues that are challenging as well as of great concern. In global sense and regional sense, lot of changes has happened or happening in social, political and economic sense. Business approach is also evolving in new ways to accommodate and confront these issues. Here, one important point is that whether the organizations are ignoring the responsibility in moral perspective, which is the base to run businesses in any successful organization. Moral dimension very much revolves around ethics and social responsibility. There should not be any compromise by any business organizations to overlook on issues associated with ethics and social responsibility for the organization’s success as well as for short term benefits. In this paper, the researcher tries to review different aspects related to ethics and social responsibility and highlights some of the important aspects that has to be taken into consideration for successful business ventures.