MAN 3025 Chapter Notes - Chapter 3: Ethical Dilemma, Crowdfunding, Mass Media

• School: University of Florida
• Department: Management
• Course: MAN 3025
• Professor: Archambeau Lindy

Document Summary

Bottom line of a revenue and expenses statement- profits and losses: triple bottom line- representing people, planet, and profit; measures an organization"s social, environmental, and financial performance. Responsibility to employees and wider community (people) Costs of pollution, worker displacement, other factors in financial calculations (profit: social audit- systematic assessment of a company"s performance in implementing socially responsible programs, often based on predefined goals. Millennials appear to be more interested in living lives defined by meaning than by what some would call happiness: they are less focused on financial success than they are on making a difference. Stakeholders- people whose interests are affected by an organization"s activities: internal stakeholders- employees, owners, board of directors. Owners- those who can claim it as their legal property. Board of directors- members that are elected by the stockholders to see that the company is being run according to their interests. Customers- those who pay to use an organization"s goods or services.