Exam 2 MGMT 423

Role of CIO

responsible for managing technology, including its many security issues, for companies. enabling or driving business innovation through use of tech.

Good corporate citizens...

strive to conduct all business dealings in an ethical manner, make a concerted effort to balance the needs of all stakeholders, and protect environment

six benefits of social audit

1. help businesses know what is happening within their firm 2. understand what stakeholders think about and want from the business 3. tell stakeholders what the business has achieved 4. strengthen the loyalty and commitment of stakeholders 5. enhance the organization's decision making, 6.improve the business's overall performance

Stages of corporate citizenship

1:Elementary: Citizenship undeveloped 2:Engaged: see the need to obtain license to operate 3:Innovative: aware they lack capacity to carry new things 4.Integrated:see the need to build more coherent initiatives 5.Transforming: have visionary leaders and motivated by higher sense

Why firms cultivating a vision of sustainability must adopt sophisticated strategic planning

Adopting strategic planning techniques allows top managers to evaluate the full range of the firm's effects on the environment.

CIO

Chief Information Officer

Ecological sustainability. How do firms achieve competitive advantage

Cost savings, product differentiation (organic etc), technological innovation, reduction of regulatory risk, strategic planning

Institutional investors

a financial institution, insurance company, pension fund, endowment fund, or similar organization that invests its accumulated funds in securities

Ad hoc coalition

bringing together diverse groups to organize for or against particular legislation or regulation

Social Audit

a systematic evaluation of an organization's social, ethical, and environmental performance

Trade associations

coalitions of companies in the same or related industries used to coordinate businesses grassroots mobilization campaigns

Crowd sourcing

company gathers information directly from workers using their mobile phones

Level 1: Limited organizational involvement

contribution to political action committee support of a trade association or industry activities

Importance of identifying human dna

diseases humans are families are prone to.. cure, early

Environmental partnerships

draw on the unique strengths of the different partners to improve environmental quality or conserve resources

benefits of environmental regulation

emissions of nearly all pollutants dropped air and water quality improved jobs were created

Motivations of corporations publishing corporate social report

ethical concerns when publishing their social responsibility reports

level 3: aggressive organizational involvement

executive participation involvement with industry working groups & task forces public policy development

FDA's position on the sale of cloned animals and food from cloned animals and their offspring

it is safe to eat, but imposed on voluntary ban on the sale of clones

Levels of Business political involvement

level 1: limited organizational involvement (indirect & impersonal) level 2: moderate organizational involvement (indirect yet personal) level 3: aggressive organizational involvement (direct & personal)

Digital millennium copyright act

makes it a crime to circumvent anti piracy measures built into most commercial software

Costs of environmental regulation

manufacturers spent $21 billion and 6 billion annually to comply some jobs were lost competitiveness was impaired

Economic leverage. exertion?

occurs when a business uses its economic power to threaten to leave a city, state, unless a desired political actions is taken

level 2: Moderate organizational involvement

organizational lobbyist, employee grassroots involvement, stockholders & customers encouraged to become involved

tactics in a financial incentive strategy

political contributions, economic leverage, political consulting aid, office personnel

global corporate citizenship

putting an organization's commitment to social and environmental responsibility into practice worldwide, not only locally or regionally

Legal rights of stockholders

receive dividends vote on: board of directors, mergers and acquisition, proposals receive annual reports

Corporate governance

refers to the process by which a company is controlled, or governed

environmental justice

the effort to prevent inequitable exposure to risk, such as from hazardous waste

Intellectual property

the ideas, concepts, and other symbolic creations of the human mind protected in us by copyright

United nations position on human cloning

they are against and is inhumane

Department of corporate citizenship

to centralize under common leadership wide-ranging corporate citizenship functions

Purpose of Environmental protection agency

to make a critical contribution to a collective effort, together with business and civil society to move toward sustainability

Corporate social reporting

when a company decides to publicize information collected in a social audit

insider trading

when a person gains access to confidential information about a company's financial condition and then uses that info

Information strategy

where businesses seek to provide government policymakers with information to influence their actions, such as lobbying