CHAPTER 6 Flashcards
new form of entrepreneurship applies to social problem solving traditional, private-sector entrepreneurship’s focus on innovation, risk-taking, and large scale transformation
social entrepreneurship
person or small group of individuals who founds and/or leads an organization or initiative engaged in social entrepreneurship
social entrepreneur
also public entrepreneurs, civic entrepreneurs, or social innovators
social entrepreneur
characteristics of social entrepreneurs as change agents
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
social entrepreneurship process
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.
firms that simply react to social issues through obedience to the laws.
social obligation
firm that respond more actively to social issues; accepting responsibility for various programs.
social responsibility
firms that are highly proactive and are even willing to be evaluated by the public for various activities
social responsiveness
environment
pollution control
restoration or protection of environment
conservation of natural resources
recycling efforts
energy
conservation of energy in production and marketing operations
efforts to increase the energy efficiency of products
other energy-saving programs
fair business practices
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
human resources
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
community involvement
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
products
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
a leadership style that encourages open and flexible structures that encompass the employees, the organization, and the environment, with attention to evolving social demands.
environmental awareness
key steps in an environmental strategy
eliminate the concept of waste
restore accountability
make prices reflect costs
promote diversity
make conservation profitable
insist on accountability of nations
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.
ethics
it provide the basic rules or parameters for conducting any activity in an “acceptable” manner
ethics
reasons for ethical conflicts
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
justifications in defense of unethical acts are believing that an activity is:
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
TRUE OR FALSE
ethical conduct may reach beyond the limits of the law.
true
true or false
the requirements of law may overlap at times but do not duplicate the moral standards of society
true
legal requirements tend to be negative (forbidding acts) whereas morality tends to be positive (encouraging acts)
true
legal requirements usually lag behind the acceptable standards of society
true
