Business Ethics and Corporate Responsibility
Positive reputation can be valued as:
An intangible corporate in terms of asset
What is B-Corporations (non profit)?
Balance the interest of stakeholders to solve social and environmental problem
Customers can exercise economic Stalk holders power by :
Boycott
The cost of CRS may ultimately be passed on to:
Customers
Argument in favor of corporate social responsibilty
Discourage government regulations
What do global social audit standards concentrate on?
Economic (for environmental stakeholders). Internally focused economic benefits for the firm. Externally focused social benefits for the business. Externally focused social benefits for key stakeholders.
Corporate power refers to influence:
Economy, Society, and Government
The most significant motivator of corporate social responsibility?
Ethical
The iron law of responsibility says that
In the long run.... They would lose their power
What is an example of a gift in a work place?
Make no conflict of interest
Sarbanes Oxley Act:
Make sure reports are accurate
True Fact about corporate social responsibility:
Money for scholarship,charity, and vaccine
When undertaking social initiatives a company sacrifices something:
Profit (Money)
Argument against CSR:
Require skills business may lack
When a company sues a company for health effects caused by the unsafe disclosure of chemicals:
This is an exercise of a stakeholder's(Economic Power)
5 types of stakeholders power?
Voting, Political, legal, Informational and Economically
5 Types of stakeholder's power recognized by most experts are:
Voting,Economy, Political, Legal and Information power
What is Salient?
When something stands out in the background
Globalization would argue that it helps the developing "we keep losing jobs because of too much globalization."
World entrepreneur, new ideas and jobs
What is an ethics issue based on cross cultural contradictions?
a good or service that is not allowed to be seen in the US.
Cross cultural contradictions arise due to:
different beliefs
Where do ethical beliefs come from?
education,family,friends, Media and Religion