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VOL. 7, ISSUE 4 (2025)
Business ethics and sustainable development: A strategic perspective from contemporary business practices
Authors
Komal Phagna
Abstract
This study explores the strategic role of
business ethics in promoting sustainable development within contemporary
business practices. As organizations face increasing pressure from stakeholders
to balance economic performance with social and environmental responsibility,
ethical decision-making has emerged as a critical driver of long-term
sustainability. The paper examines the evolution of business ethics from a
compliance-oriented approach to a strategic framework that supports responsible
governance, stakeholder engagement, and sustainable development. The study
highlights how ethical leadership, corporate social responsibility, and
environmental, social, and governance (ESG) practices contribute to sustainable
development outcomes. By adopting a conceptual and strategic perspective, the
paper underscores the importance of integrating ethical principles into core
business strategies rather than treating them as peripheral initiatives. The
study contributes to the growing discourse on ethics-driven sustainability by
providing insights relevant to business leaders, policymakers, and researchers.
Overall, the paper demonstrates that business ethics is not only a moral
obligation but also a strategic imperative for achieving sustainable
development and long-term organizational success.
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Pages:69-72
How to cite this article:
Komal Phagna "Business ethics and sustainable development: A strategic perspective from contemporary business practices". International Journal of Management and Commerce, Vol 7, Issue 4, 2025, Pages 69-72
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