FRL 201 Chapter Notes - Chapter 5: Corporate Social Responsibility, Triple Bottom Line
1 Sep 2016
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Triple bottom line corp"s profits, impact on people, and impact on the planet. When making business decisions, consider all of the following: legal implications, public relations impact, safety risks for consumers and employees, and financial implications. Online slander towards a business is normally regarded as opinion and ignored as freedom of speech through cyberspace. Moral minimum following the laws at the bare minimum. It is the lowest standard of ethical consideration towards society that is also legal. Legal does not mean ethical, but ethical almost always means legal. When making decisions, take into consideration the ethical implications of that choice. Ethical studies is split into two sides: duty-based ethics, which implies that everyone has an implicit responsibility to other humans as well as the planet, and outcome- Based ethics which focuses on the impact of the decisions on the planet and stakeholders.
