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Chapter 5
Chapter 5 Slides
17
Business
Undergraduate 3
09/19/2010

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Term
Social Obligation
Definition
a firms engaging in social actions because of its obligation to meet certain economic and legal responsibilities
Term

Classic View

 

Definition
The view that managements only social responsibility is to maximize profits
Term
Socioeconomic View
Definition
the view that managements social responsibility goes beyond making profits and includes protecting and improving society's welfare
Term
Social Responsiveness
Definition
a firms engaging in social actions in response to some popular social need
Term
social responsibility
Definition
a business's intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society
Term
Social Screening
Definition
applying social criteria (screens) to investment decisions
Term
Green Managment
Definition
a form of managment in which managers consider the impact of their organization on the natural environment
Term
Shades of Green in Managment
Definition

Legal or Light green- simply doing what is required legally

Market approach- respond to environmental preferences of customers

Stakeholder approach- meet environmental demands of employees, suppliers, or community

Activist or Dark Green- looks for ways to protect the earth's natural resources

Term
Ethics
Definition
Principles, values, and beliefs that define what is right and what is wrong behavior
Term
3 levels of moral development
Definition

1) Preconventional level - persons choice between right and wrong is based on personal consequences from outside sources

2) Conventional level- ethical decisions rely on maintaing expected standards and living up to the expectations of others

3) Principled level- individuals define moral values apart from the authority of the groups to which they belong or society in general

Term
Values
Definition
basic convictions about what is right and what is wrong
Term
Ego Strength
Definition
a personality measure of the strength of a person's convictions
Term
locus of control
Definition
a personality attribute taht measures the degree to which pople believe they control their own fate.
Term
Values-based management
Definition
a form of management in which an organizations values guide employees in the way they do their jobs
Term
Code of ethics
Definition
a formal statement of an organizations primary value and the ethical rules it expects its employees to follow
Term
Whistle Blower
Definition
an individual who raises eithical concerns or issues to others
Term
social entrepreneur
Definition
an individual or organization who seeks out opportunites to improve soviety by using practical innovative and sustainable approaches
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