ADM 1301 Chapter Notes - Chapter 1: Triple Bottom Line, Corporate Social Responsibility, Deontological Ethics
Document Summary
Integrity: appropriateness of a corporation behaviour and the attendance to moral guidelines. Ethics of business: rules, standards, codes that provide guidance for morally appropriate behaviour. Stakeholder: people, groups, who can influence the achievement of an organization. Corporate social responsibility: way a corporation achieves a balance between social, economic, and environmental responsibilities. Corporate sustainability: corporate activities demonstrating inclusion of social and environmental responsibilities in business operations. Triple bottom line: evaluation of a corporation"s performance according to a summary of economic, social values a corporation adds. Corporate citizenship: corporation demonstrating its role and complete impact on society and the environment as well as economic influence. Responsible corporation: business responds to ethical, environmental and social responsibilities. Deontological ethics: approach to ethics that determines goodness from examining the acts. Virtue ethics: approach to ethics that emphasizes the individuals character or identity on being instead of doing. Economic system: arrangement using land or labour to produce distribute and products.
