BU111 Lecture Notes - Lecture 20: Corporate Social Responsibility
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BU111 Full Course Notes
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Important because it affects customer preferences and worker attitudes and behaviour, standards of business conduct, and corporate social responsibility. Ethical standards of individuals are reflected in their actions within the business. Values (gun control laws in canada vs america, reflected in political factors) Attitudes (north american attitudes vary significantly from those in europe) Demographic characteristics (the study of the human population, such as different cohorts in canada. Business implication: affects how we live, work, consume and produce. Personal ethics affect the ethics of the managers. When you put these decision makers together, you will ask yourself what ethical standard will we apply to the organization"s corporate activities (eg. will we be involved in charitable endeavours?) What the organization does to and for stakeholders. How a business defines ethical conduct at the organizational level - collective code . How businesses balance its commitments to stakeholders. Two opposing views - focus only on profits (investors) vs. actively consider other stakeholders.
