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Flashcards in Chapter 3: Ethics And Shit Deck (52)
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1

Ethical climate

Employees perceptions about the extent to which work environments support ethical behavior

2

Triple bottom line

Representing people, planet, and profit (3 P’s). Measures an organizations social, environmental, and financial performance

3

Social audit

Systematic assessment of a company’s performance in implementing socially responsible programs, often based on predefined goals

4

Stakeholders

People whose interests are affected by an organizations activities

5

Internal stakeholders

Employees, owners, and the board of directors

6

Owners

All those who can claim the organization as their legal property

7

Sole proprietorship

One man operation

You running your own business

8

Partnership

2 people in a byusiness together

9

External stakeholders

People or groups in the organizations external environment that are affected by it

10

Task environment

Eleven groups that present you with daily tasks to handle: customers, competitors, suppliers, distributors, strategic allies, employee organizations, local communities, financial institutions, government regulators, special interest groups, and mass media

11

Customers

Those who pay to use an organizations goods or services

12

Competitors

People or organizations that compete for customers or resources

13

Supplier

People or organizations that provide supplies - that is raw materials, services, equipment, labor, or energy to other organizations

14

Distributor

People or organization that help another organization sell its good and services to customers

15

Strategic allies

The relationship of two organizations who join forces to achieve advantages neither can perform as well alone

16

Claw backs

Rescinding (cancelling) the tax breaks when firms don’t deliver promised jobs

17

Venture capital

Is money provided by investors to start up firms and small businesses with high risk but perceived long term growth potential, in return for an ownership stake

18

Crowdfunding

Raising money for a project by obtaining small amounts of money from many people

Kickstarter

19

Government regulators (external stakeholder)

External stakeholders

Regulatory agencies that establish ground rules under which organizations may operate

20

Special-interest groups

Groups whose members try to influence specific issues

(PETA, MADD)

21

General environment / macro environment

In contract to the task environment

Includes: economic, technological, sociocultural, demographic, political-legal, and international

22

Economic forces

General economic conditions and trends - unemployment, inflation, interest rates, economic growth - that may affect an organizations performance

23

Technological forces

New developments in methods for transforming resources into goods and services

24

Sociocultural forces

Influences and trends originating in a country’s, society’s, or a cultures human relationships and values that may affect an organization

25

Demographic forces

Influences on an organization arising from changes in the characteristics of a population, such as age, gender, or ethnic origin

26

Political- legal forces

Changes in the way politics shape laws and laws shape the opportunities for the threats in an organization

27

International forces

Changes in the economic, political, legal, and technological global system that may affect an organization

28

Ethical dilemma

A situation in which you have to decide weather to pursue a course of action that may benefit you or your organization but that is unethical or even illegal

29

Ethics

Standards of right and wrong that influence behavior

30

Ethical behavior

Behavior that is accepted as “right” as opposed to “wrong” according to those standards