COMMERCE 1B03 Chapter Notes - Chapter 5: Triple Bottom Line
18 Dec 2015
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Document Summary
Triple-bottom line (tbl, 3bl, or people, planet, profit) Ethical standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrongdoers. Dimension of social responsibilities that includes charitable donations. Dimension of social responsibility that refers to the position a firm takes on social and political issues. Dimension of social responsibility that includes everything from hiring minority workers to making safe products. Dimension of social responsibility that includes enhanced forms of corporate philanthropy that are more directly related to the company"s competencies. A business"s concern for the welfare of society. Standards of moral behavior; that is, behavior that is accepted by society as right versus wrong. An unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends. Ethical standards that define the organization"s guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees.
