Class Notes (835,309)
Canada (509,088)
GMS 802 (18)
Jian Guan (17)
Lecture

chapter 3

2 Pages
129 Views
Unlock Document

Department
Global Management Studies
Course
GMS 802
Professor
Jian Guan
Semester
Winter

Description
Chapter 3 Ethics Stakeholders Corporate Strategy and Value Creation Four Major Trends in BusinessEconomic deregulationless government controlPolitical liberalizationfall of communism market reformsEnvironmental stewardshiptaking better care of the worldAdvances in Information Technologybrings vast improvements in productivity and innovationA New Way to Think about Business Old Way Managerial View New Way Stakeholder Approach Shareholders are the center of the businessBusiness is a set of relationships among groups thatChange only happens when the shareholders are have a stake vested interest in the activities of the unhappy businessShareholders are only one of many stakeholdersThe Dominant Model Managerial Capitalism with Shareholders at the CenterShareholder capitalism managerial viewlaissez faireSeparation fallacyEdward Freeman suggests that most theories of business rely on separating business decisions from ethical decisions Integration Thesis IMost business decisions or statements about business have some implicit ethical viewMost ethical decisions or statements about ethics have some implicit view about businessIntegration Thesis II 1 It makes no sense to talk about business without talking about ethics 2 It makes no sense to talk about ethics wi
More Less

Related notes for GMS 802

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit