ch 05 - Key Terms classical view The view that management's...

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Key Terms classical view The view that management's only social responsibility is to maximize profits. code of ethics A formal statement of an organization's primary values and the ethical rules it expects its employees to follow. ego strength A personality measure of the strength of a person's convictions. ethics Rules and principles that define right and wrong conduct. greening of management The recognition of the close link between an organization's decisions and activities and its impact on the natural environment. integrative social contracts theory A view of ethics that proposes that ethical decisions should be based on empirical (what is) and normative (what should be) factors. locus of control A personality attribute that measures the degree to which people believe they control their own fate. rights view of ethics A view of ethics that is concerned with respecting and protecting individual liberties and privileges. social obligation The obligation of a business to meet its economic and legal responsibilities. social responsibility A business firm's obligation, beyond that required by law and economics, to pursue long-term goals that are good for society. social responsiveness The capacity of a firm to adapt to changing social conditions. social screening Applying social criteria (screens) to investment decisions. socioeconomic view The view that management's social responsibility goes beyond making profits to include protecting and improving society's welfare.
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theory of justice view of ethics A view of ethics in which managers impose and enforce rules fairly and impartially and do so by following all legal rules and regulations. utilitarian view of ethics A view of ethics that says that ethical decisions are made solely on the basis of their outcomes or consequences. values Basic convictions about what is right and wrong. values-based management An approach to managing in which managers establish, promote, and practice an organization's shared values. -TOP- Thinking About Management Issues 1. What does social responsibility mean to you personally? Do you think business organizations should be socially responsible? Explain. 2. Do you think values-based management is just a "do-gooder" ploy? Explain your answer. 3. Internet programs that allow individuals to share files are popular among college students. These programs work by allowing nonorganizational users to access any local network in which desired files are located. Because these types of file- sharing programs tend to clog bandwidth, local users' ability to access and use a local network is reduced. What ethical and social responsibilities does a university have in this situation? To whom does it have a responsibility? What guidelines might you suggest for university decision makers? 4.
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This note was uploaded on 10/21/2009 for the course FSD 6789 taught by Professor Vinh during the Spring '09 term at ITT Tech Flint.

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ch 05 - Key Terms classical view The view that management's...

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