BA 3301 Lecture Notes - Lecture 97: Ethical Dilemma, Corporate Sustainability, Good Governance
Document Summary
Common good - contributes most to the quality of life of the people afected. Virtue - best acion emphasises fundamental human virtues - compassion, generosity, love, tolerance. Is it a situaion that could cause harm. Code of ethics - values and expecs that guide decision making. Code of conduct - translates code of ethics into speciic rules required or prohibited o behaviour. Compluign with laws and regulaions --> ethical behaviour --> csr. Operaing a business to meet or exceed the ethical, legal commercial and public expectaions of customers, shareholders, employees and communiies. Can help difereniate the irm and enhance its brands. Cuts cost as when the irm reduces packagin, recycles, cuts enegry usage and minimises waste in operaions. Helps irm avoid increased taaxaion, regulaion or other legal acions by gov o o o o authoriies. Build capabiliies to enhance irms contribuion to local community and global o environment o o o o.
