BU111 Study Guide - Final Guide: Corporate Social Responsibility, Target Market, Embezzlement
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BU111 Full Course Notes
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Why focus on csr: better control over the environment, since it becomes more manageable, avoids adverse actions/increases support by stakeholders, promotes favourable legislation, affects ability to meet critical success factors. Include consideration of ethical preferences with hiring criteria. Individual preferences affect managerial preferences: managerial role modeling, leading by example, teach newcomers how to do things around here, mission statement/ code of conduct, ethics in words. Important in words because its like a contract: ethics booklets & training. Paradigm shift in management thinking: looking for active ways to be environmentally friendly, 2. Quantification of impact: dollar value on it, costs money when not env friendly and aware, 3. Investors provide business with capital: new regulations due to repeated irresponsibility, more independence, new practices, new disclosure rules, different social attitude canadian coalition for good. Governance: legal action against directors and managers, action, focus on long-term return on investment (roi, responsible management, reporting, and transparency, no insider trading, stakeholders you should manage:
