ADM 1301 Lecture Notes - Lecture 11: Corporate Social Responsibility, Strategic Management, Reward System

• School: University of Ottawa
• Department: Administration
• Course: ADM 1301
• Professor: John Palmer

Document Summary

Sustainability strategy a plan that views economic, ethical social, and environmental responsibilities more intensively and integrates corporate social responsibility (csr) into all facets of the (cid:272)orporatio(cid:374)"s operatio(cid:374)s. Vision - a statement of what the corporation wants to become or where it wants to be at some date in the future. Mission an enduring statement that specifies in broad, even philosophical, terms the orga(cid:374)izatio(cid:374)"s reaso(cid:374) for (cid:271)ei(cid:374)g a(cid:374)d (cid:449)hat disti(cid:374)guishes it fro(cid:373) similar organizations. Values - the basic assumptions about which ideals are considered desirable or worth striving for. Assessment of the external environment in which the corporation operates: understand when and how this environment influences the corporation. Assessment of internal resources and capabilities: allows corporation to determine its ability to take advantage of opportunities in the environment and to overcome any threats. Establishment of objectives: the ends the corporation seeks to achieve through its existence and operations. Managing human resources: reward system, approaches to leadership, and staffing.