CHAPTER 6 Flashcards
a new form of entrepreneurship applies to social problem solving traditional, private sector entrepreneurship’s focus on innovation, risk taking
social entrepreneurship
person or small group who founds and/or leads and organization or initiative engaged in social entrepreneurship
social entrepreneur
firms that simply react to social issues through obedience to the laws
social obligatation
firm that respond more actively to societal issues; accepting responsibility
social responsibility
firms that are highly proactive and are even willing to be evaluated by the public
social responsiveness
nature of social entreprise
- environment
- energy
- fair business practices
- human resources
- community involvement
- products
a leadership style that encourages open and flexible structures that encompass the employees, org, environment with attention to evolving social demands
environmental awareness
set of principles prescribing a behavioral code what is good and bad
outline moral duty and obligations
ethics
True or false:
the legal requirements of law may overlap at times but duplicates the moral standards of society
false, do not duplicate
legal requirements to be negative
forbidding act
morality tends to be positive
encouraging acts
backbone of the free Enterprise system which fosters individualism and competition
- innovation
- risk taking
- venture creation
reasons for unethical behavior
- greed
- distinction between activities
- lack of foundation in ethics
- survival
- reliance on other social institution
statement of ethical practices or guidelines to which an enterprise adheres
code of conduct
principle 1
hire the right people
