MNGT 3710- Midterm Exam Guide - Comprehensive Notes for the exam ( 16 pages long!)
Document Summary
Increase awareness of the canadian business system. Ide(cid:374)tify (cid:271)usi(cid:374)ess"s respo(cid:374)se to its role i(cid:374) so(cid:272)iety. Learn how business corporations have responded to environmental challenges. Focus on the perspective of the manager or owner of a corporation. Stakeholder- n individual or group who has influence and or is influenced by the achievement of the organizations purpose. Triple bottom line- the evaluatio(cid:374) of a (cid:272)orporatio(cid:374)"s perfor(cid:373)a(cid:374)(cid:272)e a(cid:272)(cid:272)ordi(cid:374)g to a summary of economic, social, ethical, and environmental value the corporation adds or destroys. Corporate citizen- a corporations demonstrating that it takes into account its role in and complete impact on society and the environmental well as its economic influence. Top managers are hired by boards of directors. Integration of society & business is the focus of this course. Pluralistic society- is one where influence or power is decentralized by dispersing it among a variety of institutions: primary, shareholders, employees, creditors, suppliers, customers, competitors, wholesalers/retailers.
