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Business

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Feb 20, 2024

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docx

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FUNDAMENTALS OF BUSINESS GCE Assignment 1 301322156 February 16, 2024 BUSN119 Paul Pinkus   ANKITA LUITEL
To address the questions in your assignment, we can draw on the concepts discussed in your textbook, particularly from Chapter 4 on Ethics and Social Responsibility, as well as the additional materials and concepts you were instructed to review, like "The Story of Stuff" and the Changemaker Quiz. 1. Management, Stakeholders & Ethics a. The "Story of Stuff" draws attention to several moral conundrums pertaining to the heavy use of resources, the effects of production and consumption on the environment and people, and the viability of present-day economic methods. These conundrums force businesses to reevaluate their obligations to a range of stakeholders, such as owners, workers, suppliers, communities,
and the environment. Beyond financial gain and legal compliance, ethical considerations also consider the wellbeing of these stakeholders and the environment. b. The "Story of Stuff" is a call to action for businesses to adopt more equitable and sustainable practices in relation to GCE #4, which examines how the world's resources are used to ensure sustainability and equitable distribution. Carroll's Pyramid of CSR encourages businesses to take on legal, ethical, and philanthropic duties in addition to their economic ones. Businesses can show their commitment to social responsibility by implementing policies that guarantee resource sustainability, reduce their negative effects on the environment, and improve local and global communities’ quality of life. 2. Ethics in Practice For the "Ethics in Practice" , All birds provides an exemplary case of a company committed to GCE #6 through its extensive social responsibility initiatives. All birds' approach to sustainability and social responsibility is multifaceted, focusing on reducing carbon emissions, sustainable supply chain practices, and diversity and inclusion within its workforce.
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