Management (Griffin) - Chapter 4

Ace your homework & exams now with Quizwiz!

political action committee (PAC)

An organization created to solicit and distribute money to political candidates

philanthropic giving

Awarding funds or gifts to charities or other worthy causes

ethical behavior

Behavior that conforms to generally accepted social norms

unethical behavior

Behavior that does NOT conform to generally accepted social norms

regulation

Government's attempts to influence business by establishing laws and rules that dictate what businesses can and can't do

distributive justice

People's perceptions of the fairness with which rewards and other valued outcomes are distributed within the organization

informational justice

Perceived fairness of information used to make decisions. (Is it complete, accurate, and relevant, and was it appropriately processed?)

interpersonal justice

Perception of the degree of fairness with which people are treated by others in the organization

procedural justice

Perceptions of the fairness used to determine various outcomes (e.g. performance evaluations)

organizational stakeholder

Person or organization who is directly affected by the practices of an organization, and has a stake in its performance

managerial ethics

Standards of behavior that guide individual managers in their work

whistle-blowing

The disclosure, by an employee, of illegal or unethical conduct on the part of others within the organization

ethical compliance

The extent to which an organization and its members follow basic ethical standards of behavior

legal compliance

The extent to which an organization complies with local, state, federal, and international laws

ethics

An individual's personal beliefs about whether a behavior, action, or decision is right or wrong

arguments FOR social responsibility

(1) business creates problems, and should therefore help solve them; (2) corporations are citizens in our society; (3) business often has the resources necessary to solve problems; (4) business is a partner in our society, along with the government and the general population.

arguments AGAINST social responsibility

(1) the purpose of business is to generate profit for its owners; (2) involvement in social programs gives businesses too much power; (3) there is potential for conflicts of interest; (4) business lacks the expertise to manage social programs

corporate social audit

A formal and thorough analysis of the effectiveness of a firm's social performance

code of ethics

A formal, written statement of the values and ethical standards that guide a firm's actions

Sarbanes-Oxley Act (2002)

A law passed in 2002 that requires CEO's & CFO's to personally vouch for the truthfulness and fairness of their firms' financial disclosures

defensive stance

A social responsibility stance in which an organization does everything that's required of it legally, but NOTHING MORE

accommodative stance

A social responsibility stance in which an organization meets its legal & ethical obligations, but will ALSO SOMETIMES GO BEYOND these obligations IN SELECTED CASES

proactive stance

A social responsibility stance in which an organization views itself as a citizen in a society and proactively seeks opportunities to contribute

obstructionist stance

An approach to social responsibility in which firms do as little as possible to solve social or environmental problems

organizational justice

The perception of people in an organization regarding fairness (distributive justice, procedural justice, interpersonal justice, and informational justice)

social responsibility

The set of obligations an organization has to protect and enhance the societal context in which it functions

lobbying

The use of persons or groups to formally represent an organization (or group of organizations) before political bodies to influence the government

FOUR ethical norms

UTILITY (optimized the best for all constituencies?); RIGHTS (does it respect rights/duties of people involved?); JUSTICE (is it consistent with what's fair?); CARING (consistent with my responsibility to care?)


Related study sets

Chapter 2: Classical School of Management

View Set

Organizational Behavior Chapter 6

View Set

Chapter 62: Management of Patients with Cerebrovascular Disorders

View Set

anatomy molloy 120 (kumar) 3rd exam

View Set