Ethics and Social Responsibility Flashcards
What is Ethics?
Business ethics is the application of ethical behavior in a business context.
What is a code of ethics
A code of ethics is a set of written guidelines that an organization provides to its employees to ensure they conduct business honestly and professionally
What is business etiquette
Business etiquette is a set of guidelines for social and business behavior, practices, and conduct, and a code of ethical behavior among professionals
Why is Code of Ethics important?
Builds a good reputation
Increases the attractiveness of your business
Attracts outstanding employees
What is CSR? Corporate Social Responsibility
Corporate social responsibility (CSR) is a business model that involves companies operating in ways that benefit society and the environment.
What is GOOD CORPORATE GOVERNANCE?
The Corporate governance system is best understood as the set of fiduciary and managerial responsibilities that binds a company’s management, shareholders, and the board within a larger, societal context defined by legal, regulatory, competitive, economic, democratic, ethical, and other societal forces.
What is Social Entrepreneurship?
The social entrepreneur is a mission-driven individual who uses a set of entrepreneurial behaviours to deliver a social value to the less privileged, all through an entrepreneurially oriented entity that is financially independent, self-sufficient, or sustainable.
What the heck is the Triple Bottom Line?
The TBL is used by businesses, nonprofits, and governments to evaluate the performance of projects or policies. The framework is flexible, allowing organizations to adapt it to their specific needs. It revolves around the 3ps: people, planet and profit
