Summary Chapter 1: The Relationship between Business and Society
331 views 0 purchase
Course
BADM 460 (BADM460)
Institution
Capilano University (CapU
)
Book
Canadian Business
Summary of Chapter 1: The Relationship between Business and Society
Objectives:
1. Describe the complexity of the interrelationships between business and society.
2. Define the terminology relating to the integrity of business.
3. Differentiate between the three main approaches to ethical thin...
Chapter 1: the relationship between business and society
October 10, 2019
9
2019/2020
Summary
Subjects
csr
business
corporate
corporation
ethics
ethical behaviour
justice
fiduciary duty
responsibility
integrity
transparency
society
accountability
stakeholders
corporate social responsibility
Connected book
Book Title:
Author(s):
Edition:
ISBN:
Edition:
More summaries for
Canadian Business and Society Ethics, Responsibilities _ Sustainability - Complete test bank - exam questions - quizzes (updated 2022)
Canadian Business and Society Ethics, Responsibilities and Sustainability, Sexty - Exam Preparation Test Bank
Canadian Business and Society Ethics, Responsibilities and Sustainability, Sexty - Exam Preparation Test Bank (Downloadable Doc)
All for this textbook (8)
Written for
Capilano University (CapU
)
Business Administration
BADM 460 (BADM460)
All documents for this subject (2)
Seller
Follow
kimkasirer
Content preview
Ch 1: Relationship Between Business & Society
- Describe the complexity of the interrelationships between business &
society
- Define the terminology relating to the integrity of business
- Differentiate between the 3 main approaches to ethical thinking
- Provide brief description of the Canadian business system
- Explain role of the corporation as main economic institution in the business
system
- Recognize business operates with the consent of society
- Summarize factors that influence society’s attitudes toward business that
lead to criticism of the system
- Identify the 3 stakeholders mainly responsible for Canadian businesses
operation
- Understand the relationship between business & academic integrity
- Describe integration of business & society
Complexity of Business & Society
- Involves studying the history & background of the Canadian business
system & examining the contemporary issues confronting business
- Canadian society comprises many institutitions & groups that interact,
including gov’ts, labour unions, minority groups, environmentalists,
consumers, communications media, business organizations & variety of
interest groups or non-governmental organizations
- All have important role to play & influence business decision making
- A shift has occurred in what society believes business responsibilities
should be, & many corporations are recognizing they must respond to this
to survive & continue to be profitable
- As a result, corporations are considering in their relationship to society:
- Corporations should meet humanity’s needs without harming future
generations
- Social responsibility or corporate sustainability reports published should
move beyond the PR exercises they may have been in the past
- Increasing numbers of stakeholders are demanding corporations account
for more than economic responsibilities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kimkasirer. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.92. You're not tied to anything after your purchase.
