COB 218 Lecture Notes - Lecture 4: Corporate Social Responsibility, Making False Statements, Foreign Corrupt Practices Act
Document Summary
Triple bottom line: a corporation"s profits, its impact on people, and its impact on the planet: the importance of ethics in making business decisions. Image is everything: the relationship of law and ethics. Moral minimum: minimum degree of ethical behavior expected of a business firm, which is usually defined as compliance with the law. Make it difficult for companies to navigate and forecast. Business ethics and social media: hiring procedures. Employers use of social media searches: the use of social media to discuss work-related issues. Company guidelines for appropriate social media usage. Approaches to ethical reasoning: duty-based ethics. Kantian ethical principles: outcome-based ethics: utilitarianism. An action is ethical based on whether it produces the greatest good for the greatest number of people upon which it has an effect. If it affects the majority adversely, it is morally wrong: corporate social responsibility (csr) Those who manage corporations should be accountable to society for their actions.
