Method

Definition

A method in the context of making ethical decisions and managing a socially responsible business refers to a systematic approach or procedure used to address responsibilities to stakeholders. It involves analyzing situations, considering stakeholder interests, and implementing actions that align with ethical principles and social responsibility.

Related terms

Stakeholders:

Individuals or groups that have an interest in the success and actions of a business, including employees, customers, suppliers, and the community.

Ethical Decision Making: The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders