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21 Cards in this Set
- Front
- Back
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Social Obligation |
The obligation of a business to meet its economic and legal responsibilities and nothing more |
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Classical View |
The view that management's only social responsibility is to maximize profits |
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Socioeconomic View |
The view that management's social responsibility goes beyond making profits to include protecting and improving society's welfare |
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Social Responsiveness |
When a firm engages in social actions in response to some popular social need |
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Social Responsibility |
A business's intention beyond its legal and economic obligations to do the right things and act in ways that are good for society |
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Social Screening |
Applying social criteria to investment decisions |
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Green management |
Managers consider the impact of their organization on the natural environment |
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Legal or light green approach |
Firms simply do what is legally required by obeying laws, rules, and regulations willingly and without legal challenge |
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Market Approach |
Firms respond to the preferences of their customers for environmentally friendly products |
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Stakeholder Approach |
Firms work to meet the environmental demands of multiple stakeholders |
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Activist Approach |
Firms look for ways to respect and preserve the environment and be actively socially responsible |
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Ethics |
Principles, values, and beliefs that define right and wrong behavior |
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Values |
Basic conditions about what is right and wrong |
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Ego Strength |
A personality measure of the strength of a person's convictions |
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Locus of control |
The degree to which people believe they control their own fate |
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Values-based management |
The organization's values based guide employees in the way they do their jobs |
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Code of ethics |
A formal statement of an organization's primary values and the ethical rules it expects its employees to follow |
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Ethics Training |
Seminars, workshops, and similiar ethics training programs to encourage ethical behavior |
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Independent Social Audits |
Evaluate decisions and management practices in terms of the organization's code of ethics |
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Protective Mechanisms |
Allow employees who face ethical dilemmas to do what's right without fear of reprimand |
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Whistle Blower |
Individuals who raise ethical concerns or issues to others |
