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