Supplement 5 Rapid Review

Main Heading Review Material MyOMLab
CORPORATE SOCIAL RESPONSIBILITY (p. 194)

Managers must consider how the products and services they make affect people and the environment in which they operate.

  • Corporate social responsibility (CSR)—Managerial decision making that considers environmental, societal, and financial impacts.

  • Shared value—Developing policies and practices that enhance the competitiveness of an organization, while advancing the economic and social conditions in the communities in which it operates.

Concept Question: 1.1
SUSTAINABILITY (pp. 195197)
  • Sustainability—Meeting the needs of the present without compromising the ability of future generations to meet their needs.

Systems view—Looking ...

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