ADMS 1000 Study Guide - Final Guide: Foreign Direct Investment, Dominant Design, De Jure

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: All

Document Summary

Session 7 csr and business ethics (ch. 2 page 38-73: define csr. Csr is: *the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. The production of goods/services at a profit. The requirement of competition, law, or custom. *to create policies, make decisions & engage in actions that are desirable in terms of the values & objectives of society. Shareholder : somebody who is part of the rights/ownership: arguments for and against csr. Sole responsibility of business is to make a profit (maximization of profit) Business is not equipped to manage csr (business plays by its own rules and morals) Business has enough power shouldn"t dictate morality (workers should not have to worry about csr) Costs of csr would be passed on to consumers & limit national competitiveness. Business should conform to social rules (not to violate social responsibilities)