S.1.5 Org. Responsibility & Legitimacy Flashcards
In normative ethics
business is generally understood as being related to the rules and/or cultural norms that govern, or should govern, organizational conduct.
Greenwashing
is the term that has been coined for espousing the rhetoric of CSR while minimizing its practice.
Corporate greening
involves adopting green principles and practices in as many facets of the business as it is possible to do.
Corporate social responsibility (CSR):
When an organization exceeds the minimum legal obligations to stakeholders specified through regulation and corporate governance.
Triple bottom line
People, planet, profit
Institutions
rules and expectations that are taken for granted and treated like “facts”.
Legitimacy
A “generalized perception or assumption that the actions of an entity are desirable, proper or appropriate within some socially constructed system of norms, values, beliefs, and definitions”.
Isomorphic adaptation:
Changing organizational practices to fulfill societal expectations.
Mechanisms of isomorphism
- Coercive isomorphism (by force): Pressure from law, regulations, or powerful stakeholders
- Mimetic isomorphism: Looking at other organizations to learn what to do
- Normative isomorphism: Employing members of the same professions with shared values
Strategic manipulation:
Adjusting societal expectations and perceptions to organizational practices.
Decoupling
Simultaneously achieving both legitimacy and
efficiency.
Moral reasoning:
Iterative alignment of organizational practices and stakeholder expectations.
Modes of stakeholder communication
- Information strategy
- Response strategy
- Involvment strategy