INFR 1550U Study Guide - Final Guide: International Labour Organization, Labor Rights, International Monetary Fund

• School: UOIT
• Department: Information-Technology
• Course: INFR 1550U
• Professor: Rajen Akalu

Document Summary

Laws and ethics of it final exam review. Ethics of business: moral principles and values that seek to determine right and wrong in the business world. Socio-economic integration of business and society: must be a shared value in which both business and society benefit. Goal is to reduce friction between society and business and to increase the benefits for both. Individualism and economic freedom: the right of private property, equality of opportunity, competition and profits, the work ethic, consumer sovereignty, the role of government, the fundamentals and canadian capitalism, various forms of capitalism. What are stakeholders: an individual/group who can influence and/or is influenced by the achievement of an organization"s objective. Stakeholder engagement: creating a foundation, organizational alignment, strategy development, trust building, evaluation, and then finally repeating the process. Individual morals, national & ethnic cultures, government legislation and regulation, the legal system, religion, colleagues or peers, education: media, corporation mission, vision, and values statements, union contracts, competitive behaviour,