Term
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Definition
| Represents people, planet, and profit (the 3 Ps) |
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Term
| Triple bottom line measures: |
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Definition
| an organization’s social, environmental, and financial performance |
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Term
What is:being measured through a social audit
(what people say about a company) |
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Definition
| systematic assessment of a company’s performance in implementing socially responsible programs |
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Term
| the Task Environment includes: |
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Definition
| Customers, competitors, suppliers, distributes, allies, unions, lenders, governments, interest groups, media |
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Term
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Definition
| The relationship of two organizations who join forces to achieve advantages neither can perform as well alone |
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Term
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Definition
| Labor unions and professional associations |
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Term
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Definition
May institute clawbacks
May engage in crowdfunding |
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Term
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Definition
| rescinding tax breaks when firms don’t deliver promised jobs |
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Term
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Definition
| Groups whose members try to influence specific issues |
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Term
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Definition
| Influences and trends originating in a country’s, a society’s, or a culture’s human relationships and values that may affect an organization |
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Term
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Definition
| Standards of right and wrong that influence behavior |
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Term
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Definition
| Relatively permanent and deeply held underlying beliefs and attitudes that help determine a person’s behavior |
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Term
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Definition
| the value system stressing financial performance |
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Term
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Definition
| the value system stressing cohesion and solidarity in employee relationships |
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Term
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Definition
| Guided by what will result in the greatest good for the greatest number of people |
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Term
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Definition
| Guided by what will result in the individual’s best long-term interest, which ultimately is in everyone’s self-interest |
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Term
| The moral-rights approach |
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Definition
| Guided by respect for the fundamental rights of human beings: the right to life, liberty, privacy, health, safety, and due process |
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Term
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Definition
| Guided by respect for impartial standards of fairness and equity. Policies administered impartially and fairly regardless |
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Term
| Sarbanes-Oxley Act of 2002 |
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Definition
| Established requirements for proper financial record keeping for public companies |
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Term
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Definition
| follows rules to avoid unpleasant consequences |
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Term
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Definition
| follows expectations of others (most managers are at this level) |
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Term
| Level 3, postconventional |
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Definition
| guided by internal values, they lead by example |
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Term
| How organizations promote Ethics # 1 |
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Definition
| Creating a strong ethical climate |
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Term
| How organizations promote Ethics # 2 |
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Definition
| Screening prospective employees |
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Term
| How organizations promote Ethics # 3 |
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Definition
| Instituting ethics codes and training programs |
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Term
| How organizations promote Ethics # 4 |
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Definition
| Protecting whistle-blowers who report organizational misconduct |
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Term
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Definition
| Manager’s duty to take actions that will benefit the interests of society as well as of the organization |
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Term
| Corporate social responsibility |
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Definition
| Notion that corporations are expected to go above and beyond following the law and making a profit |
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Term
Carroll's Global Corporate Social Pyramid:
Philanthropic Responsibility |
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Definition
Do what is desired by global stakeholders:
good corporate citizen |
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Term
Carroll's Global Corporate Social Pyramid:
Ethical Responsibility |
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Definition
Do what is expected by global stakeholders,
be ethical |
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Term
Carroll's Global Corporate Social Pyramid:
Legal Responsibility |
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Definition
Do what is required by global stakeholders,
obey the law |
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Term
Carroll's Global Corporate Social Pyramid:
Economic Responsibility |
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Definition
Do what is required by global capitalism,
Be profitable |
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Term
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Definition
| Economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs |
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Term
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Definition
| The value of natural resources, such as topsoil, air, water, and genetic diversity, which humans depend on |
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Term
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Definition
| The system of governing a company so that the interests of corporate owners and other stakeholders are protected |
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