ADMS 1000 Lecture Notes - Lecture 7: Corporate Social Responsibility, Onchocerciasis, Profit Maximization

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Alan Shapiro

Document Summary

Context what is business and society? o business- private, commercially oriented organization: society- a community/national or group of people with common values, traditions, institutions, activities and interest. And if so, what is the nature of those responsibilities. Pharmaceutical & river blindness: the social responsibility of a business encompasses the economic, legal, ethical and discretionary (philanthropic) expectations that society has of organizations at a given point in time. Stride-rite corp. is a shoe company they decide to make their plants in the poorer parts of the states in order to make more jobs for minorities. However there was a factories over seas will it would be cheaper to make the shoes their company. These stake holders include government and regulators civic institutions, social pressure groups, media and academic commentators, trade bodies and competitors o accountability to secondary stakeholders is less but these groups may be very powerful o nonsocial stakeholders.