BU111 Lecture Notes - Lecture 4: Cheque, Triple Bottom Line
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BU111 Full Course Notes
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Document Summary
Ethics-individual standards or moral values regarding what is right and wrong or good and bad. Ethical behaviour-behaviour that conforms to individual belief and social norms about what is right and good. Unethical behaviour-behaviour that individual beliefs and social norms define as wrong and bad. Business ethics-ethical or unethical behaviours by a manager or employee of an organization. Managerial ethics-standards or behaviour that guide individual managers in their work. Conflict of interest-occurs when an activity benefits the employee at the expense of the employer. Corporate social responsibility-the idea that a business should balance its commitments to individuals and groups that are directly affected by the organization"s activities. Organizational stakeholders-groups, individuals and organizations that are directly affected by the practices of an organization and that therefore have a stake in its performance. Pollution-the introduction of harmful substances into the environment. Air pollution-pollution that occurs when a combination of factors lowers air quality. Global warming-an increase in the earth"s average temperature.
