SMG SM 131 Study Guide - Midterm Guide: World Economic Forum, Corporate Social Responsibility, Laundry Detergent

• School: Boston University
• Department: School of Management
• Course: SMG SM 131
• Professor: Kabrina Chang

Document Summary

E(cid:373)plo(cid:455)ees" de(cid:373)a(cid:374)di(cid:374)g push the (cid:272)o(cid:373)pa(cid:374)(cid:455) to go g(cid:396)ee(cid:374) To(cid:374)e at the top: eba(cid:455)"s tate(cid:373)e(cid:374)t of (cid:373)issio(cid:374: case: walmart. Value proposition: always low price (advantage over competitor) Going local: support local producer, reduce their transport cost, reduce carbon footprint. Walmart & ethics: (cid:862)personal and moral integrity is one of our basic fundamentals and it has to start with each of us. (cid:863) - sam walton. Wal(cid:373)a(cid:396)t de me(cid:454)i(cid:272)o: (cid:271)(cid:396)i(cid:271)es disguised as (cid:862)legal (cid:271)ills(cid:863); ceo said to personally approve pmt. Employees: lower pmt than competitors; each worker uses a lot public assistance; 18% food stamps spent at walmart. Only social responsibility of business is to increase profits. Business owes a duty to stakeholders (includes shareholders). W2/l1: world economic forum, 2016 wef and pwc survey: Real virtue of business: forces people to be responsible for their own actions. Stakeholder theo(cid:396)(cid:455) (cid:396)e(cid:395)ui(cid:396)es a (cid:374)e(cid:449) defi(cid:374)itio(cid:374) of the pu(cid:396)pose of a fi(cid:396)(cid:373). (cid:863)