virtue_matrix[1]_Notes

virtue_matrix[1]_Notes - Issue at Hand: To what extent...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Issue at Hand: To what extent should/can companies engage in their responsibilities and obligations to their employees, communities, and the environment, while simultaneously pursuing profits for their shareholders and remaining in a competitive position. Instrumental vs. Intrinsic Practices Instrumental practices of corporate responsibility are those that explicitly serve the purpose of enhancing shareholder value. Makes up most of the supply of responsible corporate behavior. Examples include and associate charitable help such as helping the poor and animal rights with a product you are selling. Another is simply complying with legal regulations and laws within the company to keep it clean (Safety regulations, sexual harassment statutes – maintain healthy reputation). Intrinsic Practices are when companies take course of action because it’s the right thing to do, regardless of whether or not it serves shareholders interest. The reasons for such debate over adopting these practices is simple: in most instances these practices not only become detrimental to shareholders, but also fail to make a significant impact on the social surrounding environment – thus, why even try? The Virtue Matrix:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/20/2009 for the course AEM 4420 taught by Professor Christy,r. during the Fall '06 term at Cornell.

Page1 / 3

virtue_matrix[1]_Notes - Issue at Hand: To what extent...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online