busset quiz Flashcards
It was mentioned that the modern corporation is characterized by various interest: on one hand, those of the owners or shareholders called:
principals
It was mentioned that the modern corporation is characterized by various interest: on one hand, those of the managers called:
agent
the interest and aims of the agents a nd principals might clash
principal-agent-problem
advocates uphold humanity as the ultimate end and principle of all economic activity.
humanistic management
used to refer either to an activity carried out or to organization and institutions.
social enterprise
thought to be something new and something distinct from classical business and traditional non profit activity
social enterprise
whose mission is to bridge social opportunity into sustainable reality.
social enterprise
which refers to a
corporation’s responsibilities or obligations toward
society.
corporate social responsibility
a continuing
commitment by business to behave ethically and
contribute to economic development while improving
the quality of life of the workforce and their families, the
local community, and society at large
World Business Council for
sustainable Development
four (4) levels of
corporate responsibility:
- Earning a profit
- Legal responsibility
- Ethical responsibility
- Discretionary responsibility
s extending personal
services without either compulsion of monetary
compensation.
Volunteerism
noted a perpetual challeng in promoting
volunteerism in companies in the absence of a policy
regarding volunteerism, itself due to the pervading
assumption that volunteerism comes for free.
Philippine Business for Social
Progress (PBSP)
is a cost-free commitment to a cause
volunteerism
which are socio-economic initiatives that belong to neither the traditional
private-for-profit sector nor to the public sector.
third sector organizations TSO’s
which is growing and gathering supporters across the
globe as an innovative approach to business activity
offering disadvantaged populations a path to human
development and economic prosperity.
social enterprise movement
is an organization that applies commercial strategies to
maximize improvements in human and environmental
well-being—this may include maximizing social impact
alongside profits for external shareholders
social enterprise
critical
importance, as it significantly influences the sort of lives
we will lead in the future.
Corporate social responsibility
any party that has a stake or interest in the
business organization.
stakeholder
can be viewed as a response to the existence
of entities that are legitimately interested in the behavior
of a company.
stakeholder perspective
fundamentally a theory about
how business works at its best, and how it could work
stakeholder theory
indicates that a business is not only responsible to its owners but also has
obligations to various stakeholders, such as employees, customers, business partners, government
and non-governmental organizations The social approach is a broader view on CSR
stakeholder approach
Many see the homo oeconomicus as being quite different from real people.
economic man
Albanian-Indian Catholic nun and the founder of the Missionaries of Charity
Mother teresa
is another example of a leader who embraced the principles of servant leadership
Mother teresa
for over 45 years, she ministered to the poor, sick, orphaned and dying.
Mother teresa
was an Indian lawyer who led his country to freedom from British colonial rule in 1947.
Mahatma Gandhi
most famous for his philosophy of nonviolence that has inspired civil rights leaders around the world.
Mahatma Gandhi
those who are driven by a sense of purpose and who align their personal and organizational goals with a higher purpose.
purpose driven leader
without either compulsion of monetary compensation.
corporate volunteerism
volunteer efforts are usually sporadic and even partly seasonal, for example, during Christmas and other “giving” occasions
corporate volunteerism
programs to address the issue of occasional volunteerism.
corporate social responsibility
it is about value creation and trade and how to manage a business effectively.
stakeholder theory
is a view of capitalism that emphasizes the interconnected relationships between a business and its stakeholders.
stakeholder theory
We will develop the capabilities of students to be future generators of sustainable value for business and society at large and to work for an inclusive and sustainable global economy.
purpose
We will incorporate into our academic activities, curricula, and organisational practices the values of global social responsibility as portrayed in international initiatives such as the United Nations Global Compact.
values
We will create educational frameworks, materials, processes and environments that enable effective learning experiences for responsible leadership.
Method
We will engage in conceptual and empirical research that advances our understanding about the role, dynamics, and impact of corporations in the creation of sustainable social, environmental and economic value.
Research
We will interact with managers of business corporations to extend our knowledge of their challenges in meeting social and environmental responsibilities and to explore jointly effective approaches to meeting these challenges.
Partnership
We will facilitate and support dialogue and debate among educators, students, business, government, consumers, media, civil society organisations and other interested groups and stakeholders on critical issues related to global social responsibility and sustainability.
Dialogue
PRME stands for?
Principles Resposible management education
