MANAGMENT 150 NOTES FOR FEBRUARY 20 ,2019.pdf

MANAGMENT 150 NOTES FOR FEBRUARY 20 ,2019.pdf - Sara Haridi...

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Sara Haridi MGT 150 notes. Feb 20, 2019 Watched video on corporate social responsibility. Watched video on an interview with a CEO., “how are you viewing your companies growth with what it was 5 years ago?” Social Responsibility & Managerial Ethics ~ Dimensions of social responsibility include- - Employee relations - Philanthropy - Pricing - Resource conservation - Product quality - Doing business in countries that violate human rights Social Responsibility - A firm's obligation that is required by law and economics to pursue a long- term goals that is good for society and the company. - Society’s expectations from organizations and managers - Examples ~ Tobacco companies, Insurance companies, Award ceremonies in high school. Two Opposing Views - The Classical View- Management's only social responsibility is to maximize profits. According to Milton Friedman- “ Manager’s primary responsibility is to operate the business in the best interests of the stockholders -
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  • Fall '17
  • Ethics , Milton Friedman, Managerial Ethics, Sara Haridi

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