ADM 1301 Chapter Notes - Chapter 12: Natural Monopoly, Feminist Ethics, Employee Engagement

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Ethics and responsibilities in the workplace and marketplace. Discrimination - the preferential (or less than preferential) treatment on bases not directly related to qualifications of the job or performance on the job. Employment equity - the fair and equal treatment of employees. Diversity management - a voluntary initiative that goes beyond what is required by law to eliminate workplace discrimination. Feminist ethics - diverse, gender-focused approaches to ethical theory and practice. Employee engagement - the emotional and intellectual commitment of an individual or group to an organization that supports building and sustaining business performance. Consumerism - a social movement seeking to protect and augment the rights and powers of buyers in relation to sellers. Factors determining competitive behaviour: entrepreneurship - it should be remembered that the business system involves a life-cycle process in which corporations are formed, grow, and dissolve. With deregulation and new technologies, neither of these industries can now be considered a natural monopoly.

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