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Socioeconomic View Classical View
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The view that management’s only social responsibility is to maximize profits. The view that management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare.
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Social Responsiveness Social Obligation
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When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities When a firm engages in social actions in response to some popular social need.
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Social Screening Social Responsibility
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A business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society. Applying social criteria to investment decisions.
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Value-Based Management Greening of Management
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The recognition of the close link between an organization’s decisions and activities and its impact on the natural environment. An approach to managing in which managers are guided by the organization’s shared values in their management practices.
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Values Ethics
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Principles, values, and beliefs that define what is right and wrong behavior. Basic convictions about what is right and wrong.
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Locus of Control Ego Strength
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A personality measure of the strength of a person’s convictions. A personality attribute that measures the degree to which people believe they control their own fate.
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Whistle-Blower Code of Ethics
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A formal statement of an organization’s primary values and the ethical rules it expects its employees to follow. Individual who raises ethical concerns or issues to others inside or outside the organization.
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Social Impact Management Social Entrepreneur
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An individual or organization who seeks out opportunities to improve society by using practical, innovative, and sustainable approaches. An approach to managing in which managers examine the social impacts of their decisions and actions.
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Socioeconomic View Classical View
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The manager’s primary responsibility is to operate the business in the best interests of the stockholders, whose single concern is financial return. Based on the belief that corporations are not independent entities responsible only to stockholders, but have a responsibility to the larger society that allows their formation through various laws and regulations and supports them by
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purchasing their products and services.
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Social Responsibility Social Responsiveness
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by social norms and make practical decisions about the societal actions in which they engage. Adds an ethical
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This note was uploaded on 09/08/2011 for the course MAN 3025 taught by Professor Clevenger during the Fall '08 term at University of Central Florida.

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