BU111 Lecture Notes - Lecture 14: Business Ethics, Corporate Social Responsibility
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BU111 Full Course Notes
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Product must be adapted to meet customer"s preferences. Describe ethics, business ethics, and approaches to ethical dilemmas. Understand the relationship and distinctions between ethics, managerial ethics, and corporate social responsibility. Understand the approaches to and requirements for corporate social responsibility. 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 the stakeholders are and identify the five most important ones discussed in class. Explain what each stakeholder offers and expects from the organization. Understand csr and describe its five areas of responsibility. For each area, explain why companies focus on it and link the reason to the diamond-e, Describe the actions a company can take to address the expectations of each stakeholder. Explain how pest factors have resulted in an increased emphasis on environmental responsibility.
