33:620:301 Lecture Notes - Lecture 17: Corporate Social Responsibility, Human Capital

• School: Rutgers University
• Department: Management and Global Business
• Course: 33:620:301
• Professor: D Hamilton

Document Summary

Loss of customers, reputation, and employee recruitment. Someone appointed to communicate ethical standards to all employees. Teaches managers how to respond to ethical dilemmas. Faulty internal oversight allows for self dealing in pursuit of personal gain. Short-termism - pressure to meet short term performance targets. Culture that puts profitability > ethical behavior. The people and groups that supply a company with its productive resources. When the law does not specify how a company should behave, managers must make the decisions. Want to ensure managers are behaving properly. Want to maximize their return on investment. Responsible for utilizing financial capital and human resources to increase performance. Expect a good return or reward by investing their human capital to improve company performance. Many companies have corrupt managers that focus on personal gain > company. Expect to receive rewards consistent with their performance. Companies can fairly and equitably rewards employees for their contributions. Expect to be paid fairly and promptly for their inputs.