BU111 Lecture Notes - Lecture 20: Protection Mechanism, Climate Vulnerability Monitor, Greenwashing

119 views5 pages

For unlimited access to Class Notes, a Class+ subscription is required.

BU111–Lecture20–SocialFactors
ApproachestoCorporateSocialResponsibility(CSR)–fourlevels
ObstructionistStance–doaslittleaspossible–bareminimumrequired
DefensiveStance–legallyrequiredonly–crossesoverobstructionist
AccommodativeStance–goesfurtherinsomeareas–askedtogoabove
ProactiveStance–looksforopportunities–thecompanyisnottolditisonitalready!
WhyfocusonCSR?
Makeenvironmentmoremanageable
oAvoidsadverseactions/increasessupportbystakeholders
Negativeactionscancreatebadpublicityandlowerreputation
Positiveactionscancreategoodpublicityandincreasereputation
oPromotesfavourablelegislation
Affectsabilitytomeetcriticalsuccessfactors
oImprovesprofitability
oImprovestrustandloyaltyofcustomersandemployees
Positivemotivesincreaseemployeecommitment
Employeesandcustomerswanttosupportgood,cleancompanies
oPromoteshigherlevelsofoperatingefficiency
Loyalanddedicatedemployeesaremoreproductive
oEncouragescontinuousimprovementandinnovation
Tiesbacktoemployeecommitment–theyaremorelikelyandhappyto
workunderandimprovethecompany
oCanbeasourceofdistinctivecompetitiveadvantage
Unlock document

This preview shows pages 1-2 of the document.
Unlock all 5 pages and 3 million more documents.

Already have an account? Log in
Companiesthathavepositivereputationforthecommunityhavemore
customerscomingtothem
Wheretobegin–influencingmanagerialethicalpreferences
Hiringcriteria–hireindividualsthathavehigherpersonalethicswhowillincreasecompany’s
ethics–itishardtochangeanindividual’spersonalethics–itiseasiertohiregoodemployees
thanhirebademployeestochangethem
Managerialrolemodeling–existingmanagementteamshoulddemonstratetheethical
standardsofthecompany
Leadingbyexample,whattheybelievetobetheethicsofcompany
Missionstatement/codeofconduct–spellingoutwhatthecompany’sstandardsare,the
unacceptableacts
Ethicsbooklets&training–placeemployeesinscenarioswheretheyhavetomakedecisions
basedonethicsandwhattheymustdoandmustnotdo
Unlock document

This preview shows pages 1-2 of the document.
Unlock all 5 pages and 3 million more documents.

Already have an account? Log in

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
1 Booster Class
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
1 Booster Class