Canadian business and society pdf
Read Canadian Business and Society: Ethics & Responsibilities PDF Online - video dailymotionStudents must be familiar with the fundamentals of capitalism as they are at the root of many issues and responsibilities faced by business. Who is responsible for the dissatisfaction with the current economic, social and political systems? Are the grievances legitimate? What grievances can be attributed to the capitalistic economic system in the United States and Canada? What grievances can be attributed to governments and to business? What danger is this dissatisfaction to the business system in Canada? What should Stephen do?
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Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual , has an obligation to act for the benefit of society at large. A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment,  though this has been challenged by many reports over the past decade. It pertains not only to business organizations but also to everyone whose any action impacts the environment. Social responsibility must be intergenerational since the actions of one generation have consequences on those following. Businesses can use ethical decision making to secure their businesses by making decisions that allow for government agencies to minimize their involvement with the corporation. Some critics argue that corporate social responsibility CSR distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, or " greenwashing ";  others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations though there is no systematic evidence to support these criticisms. A significant number of studies have shown no negative influence on shareholder results from CSR but rather a slightly negative correlation with improved shareholder returns.
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