MGMT 1000 Chapter Notes - Chapter 3,8,10-12: Corporate Social Responsibility, Liquid Oxygen, Water Pollution

• School: University of Guelph
• Department: Management
• Course: MGMT 1000
• Professor: Kathleen Rodenburg

Document Summary

Ethics: individual standards or moral values regarding what is right/wrong. Business ethics: ethical/unethical behaviours by employee or organization. Managerial ethics: standards of behaviour that guide individual managers in their work. Conflict of interest: occurs when an activity benefits the employee. Assessing ethical behaviour: expense of the employer at the: gather the relevant factual information, determine the most appropriate moral values. Caring: make ethical judgement based on right/wrong of proposed activity. How to have ethics: demonstrate it (by top managers i. e monkey see monkey do, adopt written codes of ethics, provide ethics training. Csr (corporate social responsibility): business should balance its commitments to groups that are directly affected by organizations activities. Fair-trade movement: a movement designed to help workers in developing countries receive fair payments for their work. Organizational stakeholders: groups, individuals and organizations that are directly affected by the practices of an organization and that therefore have a stake in its performance.