Engineering Ethics Flashcards
business’s obligation, beyond that
required by law and economics, to pursue
long-term goals that are good for society.
Social Responsibility
Management’s role is to maximize profits
for the benefit of the stockholders
Doing “social good” unjustifiably increases costs
Classical View
Management’s social responsibility goes
beyond making profits but also protect and
improve society’s welfare
Socioeconomic View
how the company engage responsibility especially in society
Approaches to social responsibility
4 approaches to social responsibility
-Obstructionist Approach
-Defensive Approach
-Accommodative Approach
-Proactive Approach
-Avoid Social Responsibility.
-it is when the company neglects or denies any social responsibility or any environmental concern. They might engage in activities that might harm the environment and might ignore or deny the unacceptable practice in case legal actions are being taken by any stakeholder.
Obstructionist Approach
=Minimal commitment to Social Responsibility.
= a company is sure to follow the law so that legal action can’t be taken against it, but the main focus is on profits.
Defensive Approach
=Moderate commitment to Social Responsibility
=transition from a company more consumed by profits to a company that believes that social responsibility should be a priority.
Accommodative Approach
=Strong commitment to Social Responsibility
=involves business strategies and practices adopted voluntarily by firms that go beyond regulatory requirements in order to manage their social responsibilities, and thereby contribute broadly and positively to society.
Proactive Approach
When managers consider the impact of their
organization on the natural environment.
Green Management
How to Organizations
Go “Green” (2 reasons)
-fulfill their
social obligation.
-changed their
products and even their production
processes.
4 Green Approaches
Legal Approach
Stakeholder Approach
Market Approach
Activist Approach
according to iso 14000
Legal Approach
environmental preferences
market approach
meeting environmental demands and standards
Stakeholder
Approach
looks for ways to protect the earth’s natural resources
Activist Approach
Evaluating Green
Management (3 checklist like)
=Global Reporting Initiative 23
=ISO 14000 (Environmental Management) Standards
=Global 100 Most Sustainable Corporations in the World
An approach to managing in which managers
establish, promote, and practice an
organization’s shared values
Value-Based Management
Explicit or implicit fundamental beliefs, concepts,
and principles that underlie the culture of an
organization, and which guide decisions and
behavior of its employees, management, and
members.
Shared Values
4 shared Organizational values
-Guide Managers’ Decisions & Actions
-Influence Marketing Efforts
-Shape Employee Behavior
-Build Team Spirit
They act as guide posts for
managerial decisions and
actions
Guide Managers’
Decisions & Actions
The shared corporate values also
can influence the organization’s
marketing efforts.
Influence Marketing
Efforts
They also serve to shape
employee behavior and to
communicate what the
organization expects of its
members
Shape Employee
Behavior
Finally, shared values are a way
to build team spirit in
organizations.
Build Team Spirit