ADM 1301 Lecture Notes - Lecture 1: Sherwin-Williams, Herbicide, Civil Society
9 Oct 2018
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Document Summary
Society is evolving = will be very different years from today. Managers (executives) must understand this shaping of our environment. More responsive to negative effects in society. Big social media companies are investigated because their impact on people"s ideas of what"s right and wrong. What"s considered socially responsible today will be very different in 10/15/20 years. Eg sherwin williams using lead based paint. In the early 20th century, this was not a problem. Significance of business in its social context. Understanding how businesses impact and are impacted = important. Businesses = whenever they see change, they see opportunity. In ottawa, it was legal to use chemical based weed killer on lawn. A year later, an iron based solution came out. When one was banned, it created an opportunity for someone else! Tend to be limited liability (shareholders cannot be sued)
