O 4 reward ethical behavior whistle blowers are an

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o 4. Reward Ethical Behavior Whistle Blowers are an employee who reports organizational misconduct to the public. The IRS sometimes rewards these people
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° 3.4 The Social Responsibilities Required of You as a Manager ° Is being socially responsible really necessary? Social Responsibility : A manager’s duty to take actions that will benefit the interests of society as well as of the organization. o When generalized to the organization, it is called Corporate social responsibility (CSR) , a notion that corporations are expected to go above and beyond following the law and creating a profit. Archie B. Carroll said that companies have four responsibilities prioritized from least to most important (pyramid) o Philanthropic Responsibility: Being a good corporate citizen. o Ethical Responsibility: Being ethical in practice. o Legal Responsibility: Obeying the law internationally o Economic Responsibility: Make a profit. Against social responsibility argue that a company’s only aim is economic success, and that you must focus on profit if you’re to provide the highest quality goods/services. For social responsibility argue that it’s simply ethical, and they should make up for any pollution. It also is good PR. Natural Capital : The value of natural resources, such as topsoil, air, water, and genetic diversity, which humans depend on. Does being socially responsible work? o Socially responsible companies get more customers, have harder workers, get better job applicants/employee retention, preserve sales numbers (compared to convictions cutting growth), additional revenue, higher stock prices, and more profits. o So…….yeah. ° 3.5 Corporate Governance ° How can I trust a company is doing the right thing? Corporate Governance (the system of governing a company so that the interests of corporate owners and other stakeholders are protected. Many outside directors are buddy-buddy with the CEO, making it hard to stop them. Now directors are being called to be more accountable and regulate more. Customers and employees may believe a company is ethical, but that doesn’t mean that they trust the company. If a company serves your interests, demonstrates concern for others, delivered on promises and kept their word, then you can likely trust them.
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° ° ° ° ° ° Chapter 06 - Strategic Management: How Exceptional Managers Realize a Grand Design ° 6.1 The Dynamics of Strategic Planning. ° Am I really managing if I don’t have a strategy? Michael Porter purports that strategic positioning attempts to achieve sustainable competitive advantage by preserving what is distinctive about a company. It involves doing different activities than rivals or doing similar activities differently. Three principles underlie this idea.
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