University:
Swansea University
Course:
BUS101 | Introduction to Business Ethics and Values
Academic year:

2020
Views:

191

Pages:

1
Author:

Thomas G.

Lecture Notes: "Deciphering the Economic Essence of a Company" I. Introduction • Understanding the Economic Subject of a Company II. The Economic Subject's Role • Exercising decision-making power • Shaping operational conduct and strategies • Coexistence of Legal Entity and Economic Subject in Sole Proprietorships III. Legal Entity vs. Economic Subject • Distinction between legal and economic entities • Example: Legal entity in a public limited company vs. Economic subject (shareholders) IV. Significance of Identifying the Economic Subject • Influence on company management and objectives • Private vs. Public Interests V. Relationships with the Environment a) Internal Relationships • Interactions between human, technical, and material elements • Relations between owners and employees, capital elements, etc. b) External Relationships • Acquisition of production factors • Absorption of moral, cultural, and social values • Legal, tax, and ecological constraints • Transmission of products, services, and corporate culture to the external environment