MGMT 1040 Study Guide - Final Guide: Corporate Social Responsibility, Corporate Sustainability, Social Enterprise

• School: York University
• Department: Management
• Course: MGMT 1040
• Professor: John Dalla Costa

Document Summary

Explain why it matters to the course topics of ethics, social responsibility or sustainability. Ethics of business: the rules, standards, codes, or principles that provide guidance for morally appropriate behaviour in managerial decision making relating to the operation of the business enterprise"s and business"s relationship with society. Corporate social responsibility: the way a corporation achieves a balance among its economic, social, and environmental responsibilities in its operations so as to address stakeholder expectations. Triple-e bottom line: the evaluation of a corporation"s performance according to a summary of the economic, social or ethical, and environmental value the corporation adds or destroys. A variation is the triple-p bottom line (3p), which is an evaluation of the corporation"s performance according to people, planet, and profits. Corporate citizenship: a corporation demonstrating that it takes into account its role in and complete impact on society and the environment as well as its economic influence.