BCOR 2010 Midterm study guide

BCOR 2010 Midterm study guide - Models of social...

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Models of social responsibility 1. The Classical View a. Business should pursue profit; it is irresponsible for a business to spend money  on things that do not grow shareholder equity b. This does not restrict Enlighten Self Interest 2. The Civil Corporation a. Companies should be judged on economic, social, and environmental issues;  triple bottom line accounting 3. The Public Policy Generator a. Companies should develop internal policies that are socially responsible and  lobby to create public policy based on these 4. The Creator of Long Term Wealth a. Businesses should strive to create wealth for an extended period of time rather  than immediate gain; value should be added to society that will exist even if the  corporation does not 5. Market Failure Model a. Businesses should not pursue activities that lead to a market failure 6. The Sustainability Model a. Do not use resources that cannot be replaced; if you use a resource, you must  replace it b. Future generations are a stakeholder 7. The Stakeholder Model
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BCOR 2010 Midterm study guide - Models of social...

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