ADMS 1010 Lecture Notes - Lecture 4: Chicago School Of Economics, Corporate Social Responsibility, Rachel Carson
Document Summary
Current issues, future challenges (business ethics; corporate social responsibility; Maximizing profit (friedman) vs. tectonic stresses (dixon) Cost money, but in the long run, it"s better - good will; support for organization. Cool it in the summer -- each year you"" start repeating the benefits; but not immediately, but over time, -- so it"s good in the long-run. The backstory: a brief history of business & sustainability themes. 1953: howard bowen authors social responsibilities of the businessman. Linked pesticide use (ddt) to widespread animal and human harm. 1965: ralph nader authors unsafe at any speed: the designed in dangers of the. Accused auto manufacturers of prioritizing cost concerns over human safety. By the late 1960s the term corporate social responsibility was being increasingly used by business leaders. A response to increased social pressure for corporate reform and activist stockholders aiming to influence corporate goals.