BUSN 1100 Chapter Notes - Chapter 2: Corporate Social Responsibility, Boston Consulting Group

• School: Northeastern University
• Department: Business Administration
• Course: BUSN 1100
• Professor: Crittenden William

Document Summary

Conflict of interest when an employee takes advantage of a situation for his own interest rather than their employer"s. Transparency free flow of information inside and outside the firm. Social audits help with transparency because they are like comprehensive reports of what a business is doing in regards to social issues that affect it. Trade associations provide ethical guidelines for their members. Organizations leading by example and enforcing ethical guidelines on the employees. Ethical dilemmas a decision where every alternative impacts stakeholders in undesired/unpleasant ways. The economic model: companies believe that just by working they are helping the community. Society will benefit most when the business is left alone to operate. Additional concerns should be addressed by the government or other organizations. The socio-economic model: some companies believe they have a responsibility not only to investors but to all of their stakeholders.