Why responsibility to its stakeholders is the fundamental principle of business ethics and CSR.

Responsibility to stakeholders is considered the fundamental principle of business ethics and Corporate Social Responsibility (CSR) because it reflects the core idea that businesses must balance profitability with the broader societal good. Stakeholders include not only shareholders but also employees, customers, suppliers, communities, and even the environment. This holistic approach ensures that businesses act in ways that are ethically sound and socially responsible, creating value not just for their owners but for all parties involved.

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