ITM 407 Study Guide - Fourteenth Amendment To The United States Constitution, Professional Responsibility, Industrial Revolution

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 407
• Professor: Candace Grant

Document Summary

This model help the corporations maximize the financial return to shareholders. Carroll chooses a pyramid for this model because. There are four kinds of social responsibilities: economic responsibilities. Companies are responsible to provide goods and services and there is also a profit motive as a primary incentive (maximize profit: legal responsibilities. The company is responsible to act legally to both the society and to other business ( a social contract ) They must follow law and regulation by federal, state and local governments. The legal responsible reflect a view of codified ethics : ethical responsibilities. They are responsible to act fair, justice in all their activity and practices and even though they are not codified into law. There are responsible to standard, norms and expectations to employees, society, community. Ethical responsibilities are made from values and beliefs in: philanthropic responsibilities society. The companies are actively engaging in acts or programs to promote human welfare and goodwill.