ADMS1000 fall 07 slides Lecture2TheResponsibilitiesofBusiness-AFramework

ADMS1000 fall 07 slides Lecture2TheResponsibilitiesofBusiness-AFramework

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  1 Session 2 The Responsibilities of Business: A Framework What is the importance of  corporate social  responsibility (CSR)  ? What  stakeholders  must  organizations consider and how might this affect  their responsibility to society? The Challenges of Business,    p, 37-54 of Chapter 2 Case Study, Mining for Social    Responsibility
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  2 WHAT IS BUSINESS & SOCIETY? Business:  private, commercially oriented  organizations Society:  a community/nation or group of people with  common values, traditions, institutions, activities &  interests Business Community Consumers Owners Government Employees See Responsibilities of Business text, pp 5
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3 THE BUSINESS-SOCIETY RELATIONSHIP Assuming a relationship between business  and society connects to notions of  ‘embeddedness’ and organizations as  ‘open systems’ SOCIETY BUSINESS
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  4 BUSINESS & SOCIETY: CONTEMPORARY  CONCERNS Corporate scandals  e.g. Enron,  Worldcom, Conrad Black,  Talisman Energy, Cinar, Acres  International, The Canadian  Government, Mattel Environmental issues Workplace conditions Whistle blowing Product liability Political influence
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  5 WHAT IS A STAKE? An Interest   or share  in an activity A Right  - a legal right e.g. to fair treatment or a moral  right, e.g. to expect satisfactory service Ownership  – a legal title to an asset/ property Production view of the firm Stakeholders are only those who supply resources or buy  products or services
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ADMS1000 fall 07 slides Lecture2TheResponsibilitiesofBusiness-AFramework

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