BUS-101 Lecture Notes - Lecture 5: Corporate Social Responsibility
27 Sep 2016
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Unemployment= number of people actively seeking a job divided by the number of people in the labor force. When faced with an ethical dilemma people should consider: is it legal, would i like to be treated this way, would i want to hide this from others. A stakeholder is someone who can be harmed by the negative actions taken by a rm. Establishing an ethical reputation in business with the bene t of winning the business and partnerships of others, including suppliers, customers, investors and employees. Corporate social responsibility refers to how a company make sits pro ts and what it does with those pro ts. Corporate social responsibility is used interchangeability with sustainability, corporate citizenship and corporate ethics. Ethical dilemmas occur when there is some ambiguity in determining which action to take when presented with an ethical scenario. Corporate social responsibility is equivalent of socialism.
