A Flashcards
What are the three main topics discussed in this chapter?
- Business ethics
- Social responsibility
- Environmental sustainability
How can business ethics be defined?
Principles of conduct within organizations that guide decision making and behavior
What does social responsibility refer to?
Actions an organization takes beyond what is legally required to protect or enhance the well-being of living things
Define sustainability in the context of organizations.
The extent that an organization’s operations and actions protect, mend, and preserve rather than harm or destroy the natural environment
True or False: Polluting the environment is considered ethical and responsible.
False
Name an example of a high-performing, ethical privately held company.
Bank Audi S.A.L.
What action did Chipotle Mexican Grill take regarding its pork product?
Stopped selling a pork product at one third of its U.S. restaurants due to supplier failing an animal welfare audit
What animal welfare standards is Chipotle raising for its suppliers?
Raising animals with respect and avoiding various antibiotics and growth hormones
According to the IBE study, what is the relationship between ethical conduct and company performance?
Companies with a clear commitment to ethical conduct consistently outperform those that do not
What was Bank Audi’s total assets as of 2015?
63.783 billion Lebanese pounds (around $42 billion)
How many employees did Bank Audi have as of 2015?
6,720 individuals
What program did Bank Audi initiate to reduce its carbon footprint?
Be a Hero for a Day
Fill in the blank: Good business ethics is a prerequisite for _______.
[good strategic management]
What geographic regions does Bank Audi operate in apart from Lebanon?
Egypt, Qatar, Saudi Arabia, Syria, Jordan, Sudan, France, Switzerland, Monaco, and exploring Sub-Saharan Africa
What was the net profit of Bank Audi in the first half of 2015?
305 billion Lebanese pounds ($200 million)
True or False: Bank Audi began integrating CSR and sustainability into core business activities in 2014.
True
What is the focus of the Environmental and Social Management System implemented by Bank Audi?
Evaluating the environmental and social risks associated with its corporate and commercial activities
