ADMS 3660 Final: ADMS 3660 - Business Ethics & CSR Textbook Notes.docx

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Corporate abuse of the environment, toxic waste disposal. Drug testing, insider trading, whistle blowing, product liability crises. Lack of concern for the welfare of consumers (eg. fast food industries) Aside from corporate wrongdoing, many common issues include. Business- the collection of private, commercially oriented orgs, ranging in diff sizes. Big businesses are more widely known in the public eye. People in our society often associate size with power. When referring business in relation to society, all different business sizes must be kept in mind. Society- a community, nation or broad grouping of people that have common traditions and values. Is composed of numerous interest groups, formalized orgs, and a variety of institutions. Macroenvironment- the total env outside a firm; is the societal context in which the organization resides. Social environment- focuses on demographics, lifestyles, social values of the society. Economic env- nature and direction of the economy in which business operates.

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