MGMT 1040 Study Guide - Final Guide: Corporate Sustainability, Economic System, Business Cycle
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Stakeholder an individual or group who can influence and/or is influenced by the achievement of an organization"s purpose. Corporate social responsibility (csr) the way a corporation achieves a balance among its economic, social and environmental responsibilities in its operations as as to address stakeholder expectations. Triple-e bottom line (3e) is the evaluation of a corporation"s performance according to a summary of the social, economic or ethical and environmental value the corporation adds or destroys: 3p people, planet, profit. Corporate citizenship corporation demonstrates that it takes into account its role in and complete impact on society and the environment as well as its economic influence. Outsourcing moving production to outside one"s own country usually to under-developed countries as production costs are much cheaper (ex. Kickbacks - is a practice that involves a percentage payment to a person able to influence or control a source of income (ex.
