MGMT 1000 Lecture Notes - Lecture 4: Corporate Social Responsibility, Profit Motive, Social Enterprise
5 Jul 2016
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Document Summary
Mid-term exam covers topics discussed in weeks 1 to 4. Balancing financial expectations: corporate social responsibility & social entrepreneurship. 70% of all us equities now held by traders for only a few seconds. 70-90% of a firm"s value is in its earnings of the coming 3-5 years. Recent examples of long-term success: intel, apple, toyota, hyundai and schulich school of. Shareholders: should not be changing because the shares that you own are your property. Government: should change from profit to socially aware business structure so society as a whole will benefit. Ceo: should not change and focus on profit, make it look like we are doing tbl, build a business for the future. Indirect things get in the way of what you"re doing. Beware of oversimplified thinking and decision-making techniques that lock you into a billiards table mentality . Destructive actions lead to even more destructive actions. Moving from a vicious loop to a virtuous loop.
