BUS 010 Lecture Notes - Lecture 21: Moe Williams, Occupational Safety And Health, Mci Inc.
Document Summary
Increasing public concern about the widening gap in pay between the bottom and top of organization. Equity is not just related to compensation but can also include job security, opportunities to advance, recognition to advance, flexible work schedules, and acceptance of diversity. Supply chains now involve multiple jurisdictions with differing levels of regulation related to workplace health and safety. The general public"s confidence in business corporations was dented not only by the financial crisis but also by a series of scandals: enron, worldcom, madoff. Business sustainability: management of a company"s financial, social, and environmental risks, obligations and opportunities, more commonly referred to as the triple bottom line: profit, people and planet. Sustainability as a competitive advantage arises from the creation of competencies that are distinct from those of a firm"s competitors. Sustainability performance can be measured along 4 principal dimensions: economic, social, environmental, governance. In developed countries where social, economic, and environmental sustainability is well.
