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ENTREP BEHAVIOR > CHAPTER 6 > Flashcards

CHAPTER 6 Flashcards

1
Q

new form of entrepreneurship applies to social problem solving traditional, private-sector entrepreneurship’s focus on innovation, risk-taking, and large scale transformation

A

social entrepreneurship

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2
Q

person or small group of individuals who founds and/or leads an organization or initiative engaged in social entrepreneurship

A

social entrepreneur

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3
Q

also public entrepreneurs, civic entrepreneurs, or social innovators

A

social entrepreneur

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4
Q

characteristics of social entrepreneurs as change agents

A

adoption of a mission to create and sustain social value (beyond personal value)
recognition and relentless pursuit of opportunities for social value
engagement in continuous innovation and learning
action beyond the limited resources at hand
heightened sense of accountability

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5
Q

social entrepreneurship process

A

recognition of a perceived social opportunity
translation of the social opportunity into an enterprise concept
identification and acquisition of resources required to execute the enterprise’s goals.

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6
Q

firms that simply react to social issues through obedience to the laws.

A

social obligation

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7
Q

firm that respond more actively to social issues; accepting responsibility for various programs.

A

social responsibility

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8
Q

firms that are highly proactive and are even willing to be evaluated by the public for various activities

A

social responsiveness

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9
Q

environment

A

pollution control
restoration or protection of environment
conservation of natural resources
recycling efforts

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10
Q

energy

A

conservation of energy in production and marketing operations
efforts to increase the energy efficiency of products
other energy-saving programs

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11
Q

fair business practices

A

employment and advancement of women and minorities
employment and advancement of disadvantaged individuals (disable, Vietnam veterans, ex-offenders, former drug addicts, etc.)
support for minority-owned businesses

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12
Q

human resources

A

promotion of employee health and safety
employee training and development
remedial education programs for disadvantaged employees
alcohol and drug counseling programs
career counseling
child day-care facilities for working parents
employee physical fitness and stress management programs

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13
Q

community involvement

A

donations of cash, products, services, or employee time
sponsorship of public health projects
support of education and the arts
support of community recreation programs
cooperation in community projects

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14
Q

products

A

enhancement of product safety
sponsorship of product safety education programs
reduction of polluting potential of products
improvement in nutritional value of products
improvement in packaging and labeling

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15
Q

a leadership style that encourages open and flexible structures that encompass the employees, the organization, and the environment, with attention to evolving social demands.

A

environmental awareness

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16
Q

key steps in an environmental strategy

A

eliminate the concept of waste
restore accountability
make prices reflect costs
promote diversity
make conservation profitable
insist on accountability of nations

17
Q

a set of principles prescribing a behavioral code that explains what is good and right or bad and wrong; ethics may outline moral duty and obligations.

A

ethics

18
Q

it provide the basic rules or parameters for conducting any activity in an “acceptable” manner

A

ethics

19
Q

reasons for ethical conflicts

A

many interests that confront business enterprises both inside and outside the organization
changes in values, mores, and societal norms
reliance on fixed ethical principles rather than an ethical process

20
Q

justifications in defense of unethical acts are believing that an activity is:

A

is not really illegal or immoral
is in the individual’s or the corporation’s best interest
will never be found out
that helps the company will be condoned by the company

21
Q

TRUE OR FALSE
ethical conduct may reach beyond the limits of the law.

A

true

22
Q

true or false
the requirements of law may overlap at times but do not duplicate the moral standards of society

A

true

23
Q

legal requirements tend to be negative (forbidding acts) whereas morality tends to be positive (encouraging acts)

A

true

24
Q

legal requirements usually lag behind the acceptable standards of society

A

true

25
Q

blank blank arise when people believe laws represent morality

A

inherent problems

26
Q

these are the backbone of the free enterprise system which fosters individualism and competition

A

innovation, risk-taking, and venture creation

27
Q

reasons for unethical behavior

A

greed
distinctions between activities at work and activities at home
a lack of a foundation in ethics
survival (bottom-line thinking)
reliance on other social institutions to convey and reinforce ethics.

28
Q

avoiding another economic disaster

A

bring hidden abilities back onto the balance sheet
highlight the things that matter
list the risks and assumptions built into the numbers
standardize operating income
provide aid in figuring free-cash flow

29
Q

statement of ethical practices or guidelines to
which an enterprise adheres.

A

code of conduct

30
Q

holistic approach to managerial ethics principle 1

A

hire the right people

31
Q

principle 2

A

set standards more than rules

32
Q

principle 3

A

don’t let yourself get isolated

33
Q

principle 4

A

the most important principle is to let your ethical example at all times be absolutely impeccable

34
Q

the entrepreneur’s guiding values and commitments must make sense and be clearly communicated

A

true

35
Q

employees throughout the company must have:

A

decision-making skills, knowledge, and competencies

36
Q

entrepreneurs must be

A

personally committed, credible, and willing to take action

ENTREP BEHAVIOR (6 decks)

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