Chapter 3 Flashcards
procedural justice
the fair application of policies and rules
sustainability
a gial that addresses the rights of present and future generations as stakeholders of present day natural resources
whistleblowers
ppl who expose misconduct of organizations and their members
ethical frameworks
well-thought-out personal rules and strategies for ethical decision making
justice view
the philosophy that ethical behavior treats ppl impartially and fairly
immoral manager
a manager who chooses to behave unethically
commutative justice
the fairness of exchanges or transactions
terminal values
preferences about desired end states
moral manager
a manager who makes ethical behaviour a personal goal
iso 14001
a global quality standard that certifies organizations that set environmental objectives and targets, account for the environmental impact of their activities, and continuously improve environmental performance
3 ps of organizational performance
a mgt principle in which performance is based on
profit
people
planet
environmental capital or natural capital
the storehouse of natural resources-atmosphere, land, water, and minerals that we use to sustain life and produce goods and services for society
ethical dilemma
a situation that, although offering potential benefit or gain, is also unethical
classical view of csr
the mgt philosophy that business should focus on the pursuit of profits
instrumental values
preferences regarding the means to desired ends
shared value
a mgt philosophy that approaches business decisions w understanding that economic and social progress are interconnected
social responsibility audit
a process that measures and reports on an organization’s performance in various areas of corporate social responsibility
virtuous circle
a situation in which corporate social responsibility leads to improved financial performance that leads to more social responsibility
corporate social responsibility
the obligation of an organization to serve its own interests and those of its stakeholders
sustainable development
making use of natural resources to meet today’s needs while also preserving and protecting the environment for use by future generations
interactional justice
the degree to which others are treated w dignity and respect
ethics training
helping ppl understand the ethical aspects of decision making and to incorporate high ethical standards into their daily behaviour
stakeholders
ppl and institutions most directly affected by an organization’s performance
spotlight questions
a set of questions that highlight the risks from public disclosure of one’s actions
values
broad beliefs about what is appropriate behaviour
social business
an organization in which the underlying business model directly addresses a social problem
sustainable business
an organization that operates in ways that both meet the needs of customers and protect or advance the well-being of our natural environment
code of ethics
a formal statement of values and ethical standards
moral rights view
the philosophy that ethical behaviour respects and protects fundamental rights
cultural relativism
the philosophy that suggests there in no one right way to behave; cultural context determines ethical behaviour
socioeconomic view of CSR
the mgt philosophy that business should focus on contributions to society, not just making profits
amoral manager
a manager who fails to consider the ethics of her or his behavior
ethical behavior
behavior that is ‘right’ or ‘good’ in the context of a governing moral code
ethical imperialism
an attempt to impose one’s ethical standards on other cultures
triple bottom line
a measurement of organizational performance that includes financial, social, and environmental criteria
ethics
a philosphy that sets standards of good or bad in our conduct
individualism view
the philosophy that ethical behaviour advances long-term self-interests
moral absolutism
the philosophy that ethical standards apply universally across all cultures
utilitarian view
the philosophy that ethical behavior delivers the greatest good to the most ppl
distributive justice
treating ppl the same regardless of personal characteristics
social entrepreneurs
ppl who take business risks to find novel ways to solve pressing social problems
