Misc. Flashcards
Affirmative action
Active effort to favor minority
Sexual harassment
Work environment is perceived as hostile both subjective and objectively and either sever it pervasive
Whistle blowing
A member of an organization divulging a secret and damaging info voluntarily and not out of interest
Claw backs
Policy to retract bonus/money if the result is not up to it
CSR
- Corporations must not only think of profits.
- There is an interaction bet. Corp+society.
- Responsibility but also Reputation Mgt.
- CSR is not law because it cannot be enforced, it is too slow/cumbersome so it is a recommendation.
Why is CSR necessary?
- reputation
- productivity
- motivation
- environment
- Free market itself is reinforced (Market to work efficiently, to have perfect competition) eg. Poker
Stakeholders: Organisational
- Shareholders
- Employees
- Unions
- Managers
Stakeholders: Economic
- Suppliers/ Distributors
- Customers
- Competitors
- Creditors (bankers)
Stakeholders: Social
- Local community
- NGOs
- Media
- Government
- Legal System
Trade Secrets
= NOT Confidentiality
- part of product/service
- part of fair competition
- “agent argument”
Conflict of Interest
When you are going against others
- Biased Judgment, Lying eg. Auditors
- Direct Competition – compete with your employer
- Violation of confidentiality eg. Doctors
- Misuse of Position – using your influence to your benefit eg. Stocks Wall Street
Bribery: Why?
- Cultural differences
- Economic reasons – deficiency
Bribery: Pros
- Save jobs (but what about others)
Bribery: Cons
- Higher Price
- Low quality
- Bad atmosphere
How to bribe?
– be indirect
How to accept a bribe?
– leave no proof
How to refuse a bribe?
– be diplomatic
“First Mover disadvantage” of Bribery
- being the first to refuse bribery will be difficult
- try & unite companies inside an industry
FCPA
Foreign Corrupt Practices Act
OECD
Organisational Economic Corporation and Development
