BUS 082 Lecture Notes - Lecture 23: Parasitology, Business Case, Foreign Corrupt Practices Act
31 Aug 2020
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Business case: engage in csr because it leads to profitability. Normative: the right thing to do; aligns with corporate purpose/mission/values. Dunfee focused on unique competencies definition of that, and of catastrophe. 1) their most recent year"s investment in social initiatives, 2) their five year average of investment in social initiatives, 3) their industry"s average investment in social initiatives, 4) the average investment in social initiatives by firms in their home nation. Will build good will for future third world markets. Research findings may uncover other profitable drugs (parasitology) Culture of organization is based on alleviating suffering. Scientists: want to help, not make money. Serving humanity investing there = motivate employees to work. Third world governments, who, and foundations may not buy/subsidize. Possible adverse reactions of it as a human drug affect market as animal drug. Other scientists may not like special attention for river blindness development. Decided to give the drug away for free.
