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MGMT3304CH03
Manager's Changing Work Environment & Ethical Responsibilities
49
Management
Undergraduate 3
09/22/2010

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Term
Stakeholders
Definition
The people who's interests are affected by an organization's activities.
Term
Internal Stakeholders
Definition
Consists of employees, owners, and the board of directors, if any.
Term
Owners
Definition
Those who claim the organization as their legal property.
Term
External Stakeholders
Definition
People or groups in the organization's external environment that are affected by it.
Term
Task Environment
Definition

Consists of 11 groups that present you with daily tasks to handle: customers, competitors, suppliers, distributors, strategic allies, employee organizations, local communities, financial institutions, government regulators, special-interest groups, and mass media

Term
Customers
Definition
Those who pay to use an organization's goods or services.
Term
Competitors
Definition
People organizations that compete for customers or resources.
Term
Suppliers
Definition
People or organizations that provide supplies such as raw materials, services, equipment, labor, or energy to other organizations.
Term
Distributors
Definition
A person or organization that helps another organization sell its goods and services to customers.
Term
Strategic Allies
Definition
Describes the relationships two organizations who join forces to achieve advantages neither can perform as well alone.
Term
Government Regulators
Definition
Regulatory agencies that establish ground rules under which organizations must operate.
Term
Special Interests Groups
Definition
Groups whose members try to influence specific issues.
Term
General Environment (Macroenvironment)
Definition
Includes six forces: economic, technological, sociocultural, demographic, political-legal, and international.
Term
Economic Forces
Definition
Consists of the general economic forces and trends such as unemployment, inflation, interest rates, and economic growth that may affect an organization's performance.
Term
Technological Forces
Definition
New developments in methods for transforming resources into goods or services.
Term
Sociocultural Forces
Definition
Influences and trends originating ina country's, society's, or culture's human relationships and values that may affect an organization.
Term
Demographic Forces
Definition
Influence on an organization arising from changes in the characteristics of a population, such as age, gender, or ethnic origin.
Term
Political-Legal Forces
Definition
Changes in the way politics shape laws and laws shape the opportunities for and threats against an organization.
Term
International Forces
Definition
Changes in the economic, political, legal, and technological global system that may affect an organization.
Term
Ethical Dilemma
Definition
Situation in which you have to decide whether to pursue a course of action that may benefit you or your organization but that is unethical or even illegal.
Term
Ethics
Definition
Standards of right and wrong that influence behavior.
Term
Ethical Behavior
Definition
Behavior that is accepted as "right" as opposed to "wrong" according to those standards.
Term
Value System
Definition
Pattern of values within an organization.
Term
Values
Definition
 The relatively permanent and deeply held underlying beleifs and atitudes that determine a person's behavior.
Term
Utilitarian Approach
Definition
Guided by what will result in the greatest good for the greatest number of people.
Term
Four Approaches to Deciding Ethical Dilemmas
Definition

1. Utilitarian Approach

2. The Individual Approach

3. The Moral-Rights Approach

4. The Justice Approach

Term
Individual Approach
Definition
Is guided by what will result in the individual's best long-term interests which ultimately are in everyone's best interests.
Term
Moral Right's Approach
Definition
Guided by respect for the fundamental rights of human beings.
Term
Justice Approach
Definition
Guided for respect for the impartial standards of fairness and equity.
Term
Sarbanes-Oxley Act 2002
Definition
Establishes the standards for proper financial record keeping for public companies and penalties for non-compliance.
Term
Levels of Morals
Definition

1. Preconventional: Follow rules.

2. Conventional: Follow expectations of others.

3. Postconventional: Follow internal values.

Term
How Organizations Can Promote Ethics
Definition

1. Support by Top managers of a Strong Ethical Climate

2. Ethics Codes & Training Programs

3. Rewarding Ethical Behavior

Term
Code of Ethics
Definition
Consists of a formal written set of ethical standards guiding an organization's actions.
Term
Whistleblower
Definition
Employee who reports organizational misconduct to the public.
Term
Social Responsibility
Definition
Manager's duty to take actions that will benefit the interests of society as well as of the organization.
Term
Corporate Social Responsibility
Definition
The notion that companies are expected to go above and beyond following the law and making a profit.
Term
Blended Value
Definition
All the investments are understood to operate simultaneously in both economic and social realms.
Term
Sustainability
Definition
Economic development that meets the needs of the present without compromising the needs of future needs of generations to meet their own.
Term
Philanthropy
Definition
Making charitable donations to benefit mankind.
Term
Diversity
Definition
Represents all the ways people are alike and unlike - the differences and similarities in age, gender, race, religion, ethnicity, sexual orientation, capabilities, and socioeconomic background.
Term
Personality
Definition
The stable physical and mental characteristics responsible for a person's identity.
Term
Internal Dimensions of Diversity
Definition
Human differneces that exert a powerful, sustained effect through every stage of our life.
Term
External Dimensions
Definition
Include an element of choice; consist of the personal characteristics that people acquire, discard, or modify throughout their lives.
Term
Glass Cieling
Definition
Metaphor for an invisible barrier preventing women and minorities from being promoted to top executive jobs.
Term
Americans with Disabilities Act
Definition
Prohibits discrimination against the disabled.
Term
Underemployed
Definition
Working a job that requires less education than they have.
Term
Ethnocentrism
Definition
Belief that one's culture, country, language, abilities, or behavior is superior to those of another culture.
Term
Barriers to Diversity
Definition

1. Stereotypes and Prejudices

2. Fear of Reverse Discrimination

3. Resistance to Diversity Program Priorities

4. Unsupportive Social Atmosphere

5. Lack of Support for Family Demands

6. Lack of Support for Career-Building Steps

Term
Trends in Workforce Diversity
Definition
  • Age
  • Gender
  • Race & Ethnicity
  • Sexual Orientation
  • The Disabled
  • Mis-matched educationally
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