Corporate social responsibilityForm of corporate self-regulation aimed at contributing to social or charitable goalsEmployees of a leasing firm taking time off their regular jobs to build a house for Habitat for Humanity, a non-profit that builds homes for needy families using volunteersCorporate social responsibility (CSR) refers to companies conducting their core operations in a responsible and sustainable way to create a positive corporate social impact.Stakeholder (corporate)In a corporation, a stakeholder is a member of "groups without whose support the organization would cease to exist", as defined in the first usage of the word in a 1963 internal memorandum at the Stanford Research Institute.
Miles v Sydney Meat-Preserving Co LtdMiles v Sydney Meat-Preserving Co Ltd was a 1912 decision of the High Court of Australia regarding directors' duties and shareholder primacy. Businessman William John Miles sued the company, of which he was a major shareholder, for its failure to pay out dividends. The court found by a 2–1 majority that there was no fiduciary duty of the board of directors to maximise shareholder value.
Organizational behavior managementOrganizational behavior management (OBM) is a subdiscipline of applied behavior analysis (ABA), which is the application of behavior analytic principles and contingency management techniques to change behavior in organizational settings.
DividendA dividend is the distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business (called retained earnings).Ian MitroffIan Irving Mitroff (June 2, 1938 – June 17, 2024) was an American organizational theorist, consultant and professor emeritus at the USC Marshall School of Business and the Annenberg School for Communication at the University of Southern California.
Resource-based viewThe resource-based view (RBV), often referred to as the "resource-based view of the firm", is a managerial framework used to determine the strategic resources a firm can exploit to achieve sustainable competitive advantage.
Klaus SchwabKlaus Martin Schwab (German:; born 30 March 1938) is a German mechanical engineer, economist, and founder of the World Economic Forum (WEF). He was the WEF's chairman from January 1971 until his resignation in April 2025. Early life and educationKlaus Martin Schwab was born on 30 March 1938, to Eugen Wilhelm Schwab and Erika Epprecht in Ravensburg.
Samuel GriffithSir Samuel Walker Griffith (21 June 1845 – 9 August 1920) was an Australian judge and politician who served as the inaugural Chief Justice of Australia, in office from 1903 to 1919. He also served a term as Chief Justice of Queensland and two terms as Premier of Queensland, and played a key role in the drafting of the Australian Constitution.Business ethicsBusiness ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or the legal system.
Social contractIn moral and political philosophy, the social contract is a theory of state that conceives of a legitimate state as arising from the agreement of citizens who consent to surrender some of their freedoms and submit to the authority (of the ruler, or to the decision of a majority) in exchange for protection of their remaining rights or maintenance of the social order.
Market economyA market economy is an economic system in which decisions regarding investment, production, and commerce (the distribution of goods and services) are guided by price signals resulting from the forces of supply and demand. A key characteristic of a market economy is the presence of factor markets, which play a major role in allocating capital and other factors of production such as labor and land.
SRI InternationalAmerican scientific research institute (founded 1946)SRI International, originally the Stanford Research Institute (SRI), is a nonprofitscientificresearch institute and organization headquartered in Menlo Park, California, United States. It was established in 1946 by trustees of Stanford University to serve as a center of innovation. The organization formally separated from Stanford University in 1970 and became known as SRI International in 1977.*As an Amazon Associate I earn from qualifying purchases.