ADMS 1000 Study Guide - Final Guide: Malden Mills, Corporate Social Responsibility, Polar Fleece

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ADMS 1000 Full Course Notes
12
ADMS 1000 Full Course Notes
Verified Note
12 documents

Document Summary

The case study of the malden mills company. A company; founded in 1906 (lots of textile industries) Very few left (last one in this area) Many things he could do with the insurance money. Stakeholders (employee"s: might influence the stake holders, obligations = provide stakeholders with jobs, describe what csr is *pyramid, economic, legal doesn"t have to do anything, ethical the right thing to do, philosophical. To protect and the welfare of society = reopen the factory in the same location (protect and improve) Largest employer in *matitusitest (300 thousand problems) {*check spelling of place*: lead to other problems. Slide 11 in lecture 2: use those to make points, profit (number one goal) In the end, he rebuilt the factory. Did not last, only at the beginning. Basic idea of corporation; central problems (agency problems and solutions) Corporation are define by the laws: beams, exists independently, distinction from people and corporations.