Chapter 4 Flashcards
(11 cards)
Ethics
Standards of moral behaviors that are socially accepted as wrong vs. rightMOW: what is wrong and whatis rightEx: stealing is wrong
Compliance based ethic codes
Ethic standards that emphasize preventing unlawful behavior by increasing control and by penalizing wrong doers. MOW: bad actions = punishment Ex: if you steal you go to jail
Integrity based ethic codes
Ethic standards that define the organizations guiding values, creates an environment that supports ethically sound behavior and stress a shared accountability among employees. MOW: guiding values that are used to prevent bad behaviorEx: we believe in honesty, therefore you should be honest if you work for us.
Whistleblower
Insiders who report wrongdoers. MOW: someone who tells the boss if someone is breaking a rule or doing something unethical Ex: Jane saw Tim stealing money from the register so she tells. Ex:
CSR
A businesses concern for the welfare of society. MOW: businesses concerned for the welfare of othersEx: businesses might host a food drive
Corporate philanthropy
The dimension of social responsibility that includes charitable donations. MOW: companies helping the peopleEx: donating money to breast cancer organizations
Corporate social initiatives
Enhanced forms of corporate philanthropy directly related to the company’s competencies. MOW: by helping the people you are helping your company as wellEx: donating to an organization can bring in customers
Corporate responsibility
The dimension of social responsibility that includes everything from hiring minority workers to making safe products. MOW: the companies responsibility to do certain things.Ex: hiring minority workers
Corporate policy
The dimension of social responsibility that refers to the position a firm takes on social and political issues. MOW: what a company does and stands for in society andPoliticsEx: a company may be strictly pro choice,
Insider trading
An unethical activity In which insiders use private information to further their own fortunes or those of their family and friends. MOW: using private information for personal gainEx: an employee knows that the companies stock price is about to decline so they sell of their stocks.
Social audit
A systematic evaluation of an organizations progress toward implementing socially responsible and responsive programs.