BU111 Winter 2018 - Week #6 - Social Factors - Student's Copy.ppt

BU111 Winter 2018 - Week #6 - Social Factors - Student's Copy.ppt

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BU111-S1 Winter 2018 Social Factors Lecturer: Brandon Van Dam
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Learning Objectives Ethics and Corporate Social Responsibility: Describe ethics, business ethics, and corporate social responsibility Understand the relationship and distinctions between ethics, managerial ethics, and corporate social responsibility Understand the approaches to corporate social responsibility. Explain where the different approaches will appear on the Diamond- E and what influence they will have Explain why you want to influence managerial preferences in ethics and CSR, how you can do so, and the effects of each action Explain how managerial ethics and CSR are present and influential in the Diamond-E
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Learning Objectives Stakeholders and Corporate Social Responsibility: Give a broad description of who stakeholders are. Explain why focusing on CSR is important in general and link the reasons to Critical Success Factors, the Diamond-E, and Porter’s Five Forces and describe how each reason might create an opportunity or threat. Identify the five most important areas of CSR/stakeholders discussed in class. Explain why it is important to address each stakeholder and what actions an organization can take to address each one. Link each action to why we focus on CSR. Explain how PEST factors have resulted in an increased emphasis on environmental responsibility
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Learning Objectives Strategic Stakeholder Management Explain why you must choose which stakeholders you must manage Explain how to determine which stakeholders to manage and when to manage them. Is the answer always the same? Describe the four categories of stakeholders based on their ability to threaten or cooperate with the organization. Describe strategies for managing each type of specific stakeholder to reduce its threatening ability or increase its supportiveness/cooperativeness.
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Learning Objectives Demographics: Explain why an understanding of demographics is important to business Describe the cohorts in Canada, categorize them as big or small and discuss the general advantage and disadvantage they face Describe the trends and challenges posed by various demographic groups in Canada Give examples of strategic business opportunities or threats that arise from Canadian demographics. For each demographic group, identify/describe a business that may want to change its products or services to be better aligned with the environment. Describe some opportunities or threats that might be created from international demographic changes
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Opening Thoughts Ethics is knowing the difference between what you have a right to do and what is right to do.” - Potter Stewart, American Judge
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PEST Factors – Social Environment Elements: Customs Values Attitudes Demographic Characteristics Business Implication: Affects how we live, work, consume, and produce Why?
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