COMM101 Study Guide - Final Guide: Corporate Social Responsibility

• School: University of Waterloo
• Department: Commerce
• Course: COMM101
• Professor: Laura Allan

Document Summary

Ethics: o (csr) o ethics, and csr approaches to csr; and explain where o the different approaches will appear on the diamond e and what influence they will have o. Business/managerial ethics impact corporation, actions decided by ethical beliefs. Individual standards/beliefs regarding what is right and wrong or good and bad . Standards of behaviour that guide individual managers in their work . Business" ethical conduct at the organizational level: collective code . How business balances its commitments to its stakeholders. Old view: profit focused: more made = more tax you pay, government has the social responsibility. New view: consider all stakeholders: we need to be aligned with environment: more is expected, social responsibility on the corporations, rising demand for corporate social responsibility (video) Groups, individuals, other organizations who are significantly affected by the organization"s activities. They affect what we do (our decision making) as we look at their actions.