COMMERCE 1B03 Chapter Notes - Chapter 5: Corporate Social Responsibility, Environmental Values
14 Oct 2018
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Document Summary
The values business people use to make decisions have been acquired through family as well as through educational and religious institutions. Ethical values are situations specific and time oriented. Moral idealism : individual rights or duties are universal, regardless of the outcome. Utilitarianism : greatest good for the greatest number. An ethical dilemma refers to a situation where you must choose between equally unsatisfactory alternatives. The concern businesses have for the welfare of society and includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and providing safe work environments. Some critics of csr believe that a manager"s sole role is to compete and win in the marketplace. Csr defenders, believe that businesses owe their existence to the societies they serve. Corporate social initiatives : includes enhanced forms of philanthropy in that they are more directly related to the company"s competencies.
