This is a study of the impact of societal influences and ethical consideration on business decision-making. Special attention is given to business stakeholder relationships and the role of the organization in the community.
Course Credits: 3
Prerequisites: MNGT 3310
Student Learning Outcomes
- The student will be able to develop an appreciation of ethical issues and the influence these issues have on management decision making;
- The student will be able to explain appropriate business responses and management approaches for dealing with social issues and stakeholders;
- The student will be able to articulate a critical awareness of the increasing extent to which social, ethical, and public issues must be considered from a strategic perspective;
- The student will be able to explain the need for businesses to proactively manage stakeholder relationships;
- The student will be able to explain the increasing importance of business decisions regarding sustainable ecological development due to pressures from governments, consumers, and other firms increase;
- The student will be able to explain how to assess the role of business in society and how it is shaped by technological development, nontraditional employment practices, and ecological and environmental problems;
- The student will be able to explain and examine the purpose of a firm in society - profit maximization or provide value for society in a broader sense than profit.