MGSC14H3 Lecture Notes - Lecture 1: Credibility Gap, Affirmative Action, Business Ethics
28 Feb 2016
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Document Summary
The ethics environment for business: the battle for credibility, reputation and competitive advantage. Business need support of key stakeholders such as shareholders, ees, customers, creditors, suppliers, governments, host communities, and activists to reach their objectives. Support for bus depends on credibility that stakeholders place in corps reputations, commitment, and strength of their competitive advantage and depend on trust that stakeholders place. Directors are expected to govern their company ethically, must see that all ees act ethically. Desire for fairness and equity at home and abroad. Recognition that good goverance and ethics risk assessment matter. Sensitivity to lack of fairness and to discrepancies in equitable treatment to ppl, due to the feminist movement and spokesppl for the mentally and physically challenged, for native ppl, and for minorities. Di was high during 1980 and 1990s and so was leisure time, so it allowed members to focus on issues beyond earning their livelihood.
