UGBA 107 Study Guide - Midterm Guide: Net Impact, Golden Rule, Deontological Ethics
31 Oct 2017
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Act: assess each separate act - look at outcome of decision, real consequences, ruled, modified, general rules must be established and followed, basic rules everyone follows before a utilitarian decision, deontology, universal rules, consistency. Equal the playing field: disadvantage needs assistance, needs help for an equal shot. Use the power of business to create a better world. Business value and positive social change ---> companies benefit from this. Maximize profits, pay taxes, dividends to shareholders. Bus satisfies social resp through producing goods and services at prices people can afford. Csr spending someone elses $ (shareholders or customers) Muddles focus on profit and makes firm at disadvantage. Companies should take all stakeholders into consideration when making decisions (not just stakeholders) Examples: environment, employees, future generations, government, communities. We"re in a bad situation thanks to corps. They caused these probs so they can fix it. We allow corps to exist, so give rules.
