RSM100Y1 Chapter Notes - Chapter 2: Product Liability, Canadian Imperial Bank Of Commerce, Moral Absolutism
Document Summary
An organization that wants to do well over the long term should consider its business ethics. Business ethics refers to the standards of conduct and moral values that lead to our actions and decisions in the business environment. Business also must consider a wide range of social issues, including how a decision will affect the environment, employees, and customers. These issues are at the heart of corporate social responsibility (csr). Csr"s primary objective is to enhance society"s well-being through philosophies, policies, procedures, and actions. In other words, businesses must find a balance between doing what is right and doing what is profitable. This movement toward corporate social responsibility should benefit everyone- consumers, the environment, and the companies themselves. Most business owners and managers have built and maintained successful companies without breaking the rules. The company has grouped its social responsibility priorities into four broad categories:
