BU111 Lecture Notes - Lecture 8: Corporate Social Responsibility, Consumerism, Paradigm Shift

• School: WLU
• Department: Business
• Course: BU111
• Professor: Sofy Carayannopoulos

Document Summary

Affect customer preferences and worker attitudes and behaviour, standards of business misconduct, and corporate social responsibility. Business implication: affects how we live, work, consume and produce. Describe ethics, business ethics, and corporate social responsibility. Understand the relationship and distinctions between ethics, managerial ethics, and corporate social responsibility. Understand the approaches to corporate social responsibility. Explain where the different approaches will appear on the diamond-e and what influence they will have. Explain why you want to influence managerial preferences in ethics and csr, how you can do so, and the effects of each action. Explain how managerial ethics and csr are present and influential in the diamond-e. Give a broad description of who stakeholders are. Explain why focusing on csr is important in general and link the reasons to critical success. Factors, the diamond-e, a(cid:374)d po(cid:396)te(cid:396)(cid:859)s fi(cid:448)e fo(cid:396)(cid:272)es a(cid:374)d des(cid:272)(cid:396)i(cid:271)e ho(cid:449) ea(cid:272)h (cid:396)easo(cid:374) (cid:373)ight (cid:272)(cid:396)eate a(cid:374) opportunity or threat. Identify the five most important areas of csr/stakeholders discussed in class.