BU111 Study Guide - Final Guide: Insider Trading, Urban Renewal, Good Governance
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BU111 Full Course Notes
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Significance: affect customer preferences and worker attitudes and behaviour, standards of business conduct, and corporate social responsibility o o. Ethics: individual standards/beliefs regarding hat is right and wrong or good and bad. Business or managerial ethics: standards of behaviour that guide individual managers in their work o o o o o. Two opposing views focus only on profits (investors) vs actively consider other stakeholders which one? o o o o o. Accommodative: goes further in some areas when requested. Make environment manageable o o o o o o o o o o. Improves trust and loyalty of customers and employees. 3 o o o o o o o o o. Serve the present but don"t compromise the future. 2012: climate change costing 1. 2 trillion per year and reducing global gdp by 1. 6% 20 years ago: paradigm was take, make, waste. Today: recycle (58%), buy green (29%), eco friendly commute (185)
