RSM100Y1 Study Guide - Final Guide: Corporate Social Responsibility, Kyoto Protocol, Carbon Credit
Document Summary
Everyone has different values and moral standards: managerial ethics. Behavior towards other economic agents: assessing ethical behavior. Three-step model: gather the factual information, determine the most appropriate morals, make an ethical judgment based on the right or wrong of the policy, company practices and business ethics. Within firms, there may exist a code of conduct, to ensure business ethics. For a company to show ethical behavior, the most effective step is to demonstrate top management at a high ethical level. There can exist a code of ethics or teaching workshop for ethics. Corporate social responsibility: the way in which a business tried to balance its commitments to organizational stakeholders: contemporary social consciousness. There have been changes in the way people view the responsibility of the businesses. The businesses now should enhance the welfare of the society. Now there are health warnings on cigarettes, or eco-friendly labels on green products. Carbon credit schemes, kyoto protocol: water pollution.
