RSM100Y1 Chapter Notes - Chapter 2: Corporate Social Responsibility, Whistleblower, Moral Absolutism
Document Summary
Impact of business decisions on environment, employees, customers. Responsibility to customers, employers, investors, society as whole. Serving everyone"s needs can lead to conflict: companies need to work to earn public trust, local sourcing at walmart. Helps counter the walmart image as the big company who puts local people out of. Modern approach to ethics: engage in traditional corporate philanthropy. Give to worthy causes: anticipate and manage risks, identify opportunities to create value by doing the right thing. Individual ethics: ethics of individuals affects beliefs and behaviors of those that work for and around them, some put individual interest ahead of organization, technological expands unethical behavior. Lying, misreporting hours, internet abuse, safety violations. Steal data, shut down system remotely, data breach. Development of individual ethics: experiences, family, educational, cultural background, environment in the firm. On-the-job ethical dilemmas: refusal to conduct business with countries that because of civil rights abuses in that country.
