Managing Social Responsibility and Ethics

Flashcards covering key terms and definitions related to social responsibility and ethics.

Social Responsibility

A business’s intention, beyond its legal and economic obligations, to do the right things and act in ways that are good for society.

Green Management

Managers consider the impact of their organization on the natural environment.

Social Obligation

The obligation of a business to meet its economic and legal responsibilities and nothing more.

Ethics

Principles, values, and beliefs that define right and wrong behavior.

Social Screening

Applying social criteria (screens) to investment decisions.

Whistle-Blower

Individuals who raise ethical concerns or issues to others.

Stakeholder Approach

Firms work to meet the environmental demands of multiple stakeholders—employees, suppliers, and the community.

Ego Strength

A personality measure of the strength of a person’s convictions.

Locus of Control

A personality attribute that measures the degree to which people believe they control their own fate.

Issue Intensity

Factors that determine how important an ethical issue is to an individual.