ADM 1101 Lecture Notes - Lecture 1: Corporate Social Responsibility, Insider Trading, Market Manipulation
27 Feb 2016
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Chapter 1: the relationship between business and society. Identify business"s response to its role in society. Learn how business corporations have responded to environmental challenges. Focus on the perspective of the manager or owner of a corporation. Ethics of business: the rules, standards, codes or principles that provide guidance for morally appropriate behaviour is managerial decision making relating to the operation of the business enterprise"s and business"s relationship with society. Stakeholder: an individual or group who can influence and/or is influenced by the achievement of an organization"s purpose. Corporate social responsibility (csr: the way a corporation achieves a balance among its economic, social and environmental responsibilities in its operations so as to address stakeholder expectations. Corporate sustainability: corporate activities demonstrating the inclusion of social and environmental as well as economic responsibilities in business operations as they impact all stakeholders to ensure the long-term survival of the corporation. Corporate citizenship on society and the environment as well as its economic influence.
