BU111 Lecture 19: Lecture 19 2016-11-21
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BU111 Full Course Notes
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Affects customer preferences and worker attitudes and behaviour, standards of business conduct, and corporate social responsibility. Affects how we live, work, consume and produce. Ethi(cid:272)s (cid:862)i(cid:374)di(cid:448)idual sta(cid:374)dards/(cid:271)eliefs regardi(cid:374)g (cid:449)hat is right a(cid:374)d (cid:449)ro(cid:374)g or good a(cid:374)d (cid:271)ad(cid:863) Business or managerial ethi(cid:272)s (cid:862)sta(cid:374)dards of (cid:271)eha(cid:448)iour that guide i(cid:374)di(cid:448)idual (cid:373)a(cid:374)agers i(cid:374) their (cid:449)ork(cid:863) Human resources allow a business to operate. Biases affect strategy the company is going to pursue. Personal ethical standards affect managerial preferences (business or managerial ethics) What the organization does to and for stakeholders. How a business defines ethical conduct at the organizational level (cid:862)(cid:272)olle(cid:272)ti(cid:448)e (cid:272)ode(cid:863) How business balances conflicting commitments to stakeholders. Groups, individuals, and other organizations (cid:449)hoa re sig(cid:374)ifi(cid:272)a(cid:374)tl(cid:455) affe(cid:272)ted (cid:271)(cid:455) the orga(cid:374)izatio(cid:374)"s activities. Provide business with the capacity to operate and rightfully expect something in return. Takeholders" i(cid:373)porta(cid:374)(cid:272)e depe(cid:374)ds on situation and the issue: affect willingness and opportunity to act.
