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The Crucial Role of Decision Making in Effective Management

Vishal Khade

Abstract


This paper explores the multifaceted domain of business ethics, focusing on the intricate balance between profit generation and adherence to ethical principles in contemporary business practices. It looks at important ethical ideas and how they apply to business decision-making, presents case studies of moral conundrums that companies have faced, and assesses how moral behaviour affects a company's financial success and reputation. This study attempts to provide a nuanced knowledge of how firms can achieve sustainable success by integrating ethical considerations into their strategic frameworks through a thorough assessment of the literature and empirical data. The paper concludes with recommendations for corporate leaders on fostering an ethical culture that aligns with both organizational goals and societal expectations.


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References


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