ADMS 1000 Lecture Notes - Lecture 10: Corporate Social Responsibility, Global Rights, Business Ethics

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Len Karakowsky

Document Summary

No one universal definition of business ethics. Ethics is the study of morality or moral judgments, standards, and rules. The notion of business ethics has been considered as comprising the rules, standards, principles, or codes giving guidelines for morally right behaviour in certain contexts. Religious beliefs on what is morally right versus wrong; and. Rules may not be applied consistently to our professional versus personal lives. Corporate social responsibility: the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. To create policies, make decisions & engage in actions that are desirable in terms of the values & objectives of society. A stakeholder is any individual or group who can affect or is affected by the actions, decisions, policies, practices or goals of the organization. Potential stakeholders of business: environment, community, government, suppliers, customers. Business is business ttc rides for the unemployed.