Encyclopaedia Of Economics, Commerce And Management-Services Sector Management (Vol. 15)
One of the accepted truths that governs the vast corporate sector in any country of the world is that the corporate entity, if it wishes to be viable and succeed, cannot function in isolation. It necessarily has to integrate with and for the society it draws sustenance form. This brings into focus the many relevant questions pertaining to corporate objectives and national development. It would be pertinent to ask, where profiteering stops and national interests begin, whether the corporate entity is committed to the people and society it is based in beyond merely labour laws and industrial welfare, and how much is the corporate entity ready to eschew of its profitability in the larger national interests of welfare and development, particularly of the economically backward masses. The goals of illiteracy eradication, inexpensive medical and educational services, suitable housing, and care of the career of children emerge as powerful determinants.
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