Shared Flashcard Set

Details

business ethics
business
47
Business
Undergraduate 4
12/16/2013

Additional Business Flashcards

 


 

Cards

Term
triple L for penn state
Definition
learn, live, lead
Term
triple bottom line
Definition
profit, planet, people

(economic, environmental, social
Term
stewardship model
Definition
the responsible management of resources
Term
kennametal triple bottom line case
Definition
people- increase morale, productivity and safety
planet- less waste
profit- tax benefits, decrease cost, increase profit
Term
sustainable development definition
Definition
development that meets the needs of the present without compromising the ability of future generations to meet their needs
Term
3 big issues that drive sustainability
Definition
population growth
resource usage rate
climate change

+ 3 lenses (scientific, political, financial)

5 worlds- How many earths would it take if we all used as many resources as developed world
Term
tragedy of the commons- ron's cows
Definition
everyone operating individually in their own interest,
Term
IPCC stands for...
Definition
Intergovernmental Panel on Climate Change

provides the world with a clear scientific view on the current state of knowledge in climate change and its potential environmental and socio-economic impacts
Term
LEED stands for...
Definition
leadership in energy environmental design
Term
personal diversity triad
Definition
personal, social, emotional
Term
corporate diversity triad
Definition
national, organizational, global
Term
diversity definition
Definition
creating an environment where we recruit, develop, and leverage the best talent to achieve business goals profitably (opens doors)
Term
EEOC stands for what and what does it do?
Definition
Equal Employment Opportunity Commission

battles disparate treatment- discriminating overtly based on a certain characteristic
disparate impact- discriminating against an overall group
Term
affirmative action
Definition
taking positive steps to hire and promote people from groups previously discriminated against

Can not discriminate in the following areas:
Employment
Education
Government Contracting
Term
is diversity increasing?
Definition
yes
Term
is our population aging?
Definition
yes
Term
5 stakeholders in business
Definition
community, government, employees, owners, consumers
Term
General opinion of government involvement in business
Definition
half population thinks gov should do more, other half think they should do less
Term
Non-regulatory influence- Solyndra
Definition
gov’t wants to invest in alt. energy forms… some people like some don’t… gov’t allowed to “take bets”

Solyndra makes solar panels backed by Obama administration, company went bankrupt, federal government was stuck with the bill
Sited competition from china for its downfall
Government created pool of money to deal with alternative energy issues
Take 535 million in form of government loan guarantees, begins to work on creating alternative energy facility
Went bankrupt, FBI confiscating files, wondering what happened
Term
should we privatize the USPS?
Definition
Cutbacks
Limiting mail to remote addresses, not contractually allowed to do so
Provides a vital national delivery system
Demand for paper mail has declined, losses, financial crisis, many cutbacks, layoffs, closing of postal offices
Any rescue of the postal service would require new legislation
Not a government agency- has to finance itself- but under heavy congressional regulation

Should we privatize the post office? Would require a lot of consolidation
Term
Regulation definition
Definition
The Act of Governing, according to rule, or bringing under the control of law or constituted authority.
Term
Reasons for regulation
Definition
1. Control Natural Monopolies
Natural Monopoly- Microsoft and Google are accused of being natural monopolies, want to make sure no trust like groups

2. Achieve Social Goals
Government will have a social goal (ex: obesity)

3. Control Negative Externalities
Law of unintended consequences, regulate things negative to external to business
Term
Differences between social and economic regulation
Definition
social- consumer safety and health, homeland security (#1), transportation, workplace, environmental, energy

economic- financial and banking, industry specific, general business
Term
3 costs of regulation
Definition
1. Direct Expenditures
Lowest cost = administration of regulation (direct expenditure)
2. Compliance costs- What does it cost the businesses to comply with the regulation
3. Altered Behavior- If people alter their behavior in a way that costs them money
Term
3 Ways business influences gov.
Definition
1. lobbying- first amendment, Prohibits the making of any law respecting an establishment of religion, impeding the free exercise of religion, abridging the freedom of speech, infringing on the freedom of the press, interfering with the right to peaceably assemble or prohibiting the petitioning for a governmental redress of grievances.
2. coalitions- pact or treaty
3. political action
Term
3 types of lobbying
Definition
1. umbrella- big things, ex: chamber of commerce- to strengthen the US economy
2. trade- trade association
3. company- ex: IBM, penn state
Term
What is the #1 driver for business sustainability?
Definition
brand reputation
Term
Global Reporting Initiative's vision + mission statements
Definition
​VISION
A sustainable global economy where organizations manage their economic, environmental, social and governance performance and impacts responsibly, and report transparently.

MISSION
​To make sustainability reporting standard practice by providing guidance and support to organizations.
Term
Siemens 4 megatrends
Definition
Efficient Use of Resources

Urbanization
Demographic Change
Climate Change
Globalization
Term
What is SAS doing to drive sustainability?
Definition
solar farm for renewable power
using sheep to maintain grass
regenerative drive elevators
low flow plumbing
reduced irrigation schedules
reuse veggies for compost
using recycled content for new buildings
Term
Adam Werbach + Saatchi & Saatchi
Definition
social, cultural, environmental, and economic
transparency, engagement, and networking
CEO's responsibility to promote sustainability
Term
Green to Gold video
Definition
green thinking- do more with less
Term
what percentage of corporations have clearly defined their approach to sustainability?
Definition
32%
Term
Walmart's 3 main sustainability goals
Definition
1. 100% renewable energy
2. zero waste
3. sell products that sustain people and the environment
Term
5 elements of Walmart 360
Definition
OPERATIONS
SUPPLIERS
CUSTOMERS
ASSOCIATES
COMMUNITIES
Term
4 aspects Walmart considers when picking their suppliers
Definition
1. energy and climate
2. material efficiency
3. natural resources
4. people and community
Term
PWC and McKinsey sustainable service offerings
Definition
Strategic sustainability
Assurance & reporting
Governance, risk & compliance
Supply chain & operations
Policy & economics
Tax & the regulatory environment
Term
Why Boys Fail video
Definition
More girls are graduating from college
only 20% girls in engineering, math & sciences
Need to get more girls in these majors or more boys in college
Boys are not hard-wired to learn verbal skills at young age- will not catch up
Term
Traditional vs. Contemporary diversity
Definition
Traditional is focused on race and gender
Solving discrimination
Providing inclusive atmosphere

Contemporary is more inclusion
Opportunity for all
Looking way beyond demographic characteristics
Term
Rosa Parks
Definition
Refuses to give up seat on bus in 1955
Civil rights movement is born
Term
Federal Laws Prohibiting Job Discrimination
Definition
Title VII of the Civil Rights Act
Equal Pay Act
Age Discrimination In Employment Act
Title I Americans with Disabilities Act
Section 510 Rehabilitation Act
Civil Rights Act
Term
Attitude vs. Behavior
Definition
Your attitude can not be changed, but as a manager you can insist a change in behavior
Term
Managing Diversity
Definition
Holistic approach creating a corporate Environment allowing all people to Reach their full potential
Term
Inclusion definition
Definition
Proactively working to insure all employee’s cultures are valued so everyone can contribute to their full potential (keeps doors open).
Term
business components to diversity (6)
Definition
1. employees (find/keep talent, understand customer better)
2. customers (demand, want to buy from a company that demonstrates they understand diversity)
3. financial performance (If you have diversity embedded and a global perspective you will do better financially)
4. suppliers (sourcing, gov. regulation)
5. reputation and liability (public image, morale)
6. senior leadership (vision, resources, accountability)
Term
Campbell's video
Definition
Three main goals: winning in the workplace, market place and community
Women- increased leadership, groups to help women succeed, provide opportunities, inclusive experience
Term
Dan Guide speaker main issue
Definition
how can you do something that makes money while being env. Sustainable)
Supporting users have an ad free experience!