BUS 800 Chapter 10: BUS 800 – Chapter 10 – Corporate Responsibility
Document Summary
Bus 800 chapter 10 corporate responsibility. Collateralized debt obligations (cdo) debacle prompted a debate on the ethics of offering loans to those who were faced with a higher than average risk of default. For organizations to survive and prosper requires they adapt to the values and expectations of society and retain what organizational sociologists refer to as social legitimacy. Principal areas of concern are equity, occupational health and safety, ethics, social sustainability, and ecological sustainability. Stakeholder model sustained profitability requires the added complexity of involving the needs of stakeholders when making strategic choices. Business sustainability management of a company"s financial, social and environmental risks, obligations and opportunities (triple bottom line) Firms considering an investment in sustainability strategies must weigh the potential increase in costs or lower return on investment arising from their choice to implement these strategies. Sustainability as a competitive advantage arises from the creation of competencies that are distinct from those of firms competitors.
