BUSN 1101 Chapter Notes - Chapter 2: Urban Sprawl, Corporate Social Responsibility, Ethical Decision
13 Feb 2014
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To know right from wrong and to know when you"re practicing one instead of the other. Application of ethical behavior in a business context, personal view to do what is right even if it is difficult or personally disadvantageous. Decline to put your own interests above those of your company, its owners and workers. Corporate social responsibility: deals with actions that affects a variety of parties in a company"s environment, show concern for stakeholders. Stakeholders: a person, group or organization that has interest or concern in an organization, can be affected by actions of a business as a whole. Treating employees, customers, investors, and the public fairly. Holding every member personally accountable for his or her action. Communicating core values and principles to all members. Demanding and rewarding integrity from all members in all situations. Morally problematic situation: picking between two or more acceptable but often opposing alternatives that are important to different groups.
