ch 6 Flashcards
define social responsibility
be accountable to organization
and social welfare
define classical view of responsible management
management is only socially responsible for maxing profit for benefit of stockholder
define socioeconomic view of responsible management
managers are responsible for any group affected by the org
define social responsiveness
firm engages in social actions in response to something happening in society
define social need
need of segment of society from disability, barriers, isolation
define social responsibility
do good beyond minimum obligation
define socially responsible people investing
funds invested in good companies
legal approach to sustainable management practices
do bare minimum to fill obligation
market approach to sustainable management practices
follow customer demand for environment
stakeholder approach to sustainable management practices
meet environment demands of stakeholders
activist approach to sustainable management practices
highest and best
what is the first step of moral development
preconventional
follow rules in immediate interest and avoid punishment
what is the second step of moral development
conventional
meet obligations i’ve agreed to and live up to other expectations
3rd stage of moral development
principled
self chosen even if they violate majority
define locus of control
how much someone believes they control their own life
