Podcast
Questions and Answers
Which approach to green management requires firms to simply obey laws and regulations?
Which approach to green management requires firms to simply obey laws and regulations?
- Legal Approach (correct)
- Stakeholder Approach
- Activist Approach
- Market Approach
What is the classical view of a business's social responsibility?
What is the classical view of a business's social responsibility?
- To maximize profits (correct)
- To maximize profits and improve society's welfare
- To meet legal and economic responsibilities only
- To prioritize environmental sustainability
The Activist Approach in green management focuses solely on legal compliance.
The Activist Approach in green management focuses solely on legal compliance.
False (B)
What are the three levels of moral development mentioned?
What are the three levels of moral development mentioned?
The socioeconomic view asserts that a business's social responsibility is limited to making profits.
The socioeconomic view asserts that a business's social responsibility is limited to making profits.
The _______ Approach involves addressing the environmental demands of multiple stakeholders.
The _______ Approach involves addressing the environmental demands of multiple stakeholders.
What is meant by social responsiveness in the context of corporate behavior?
What is meant by social responsiveness in the context of corporate behavior?
Match the following green management approaches with their descriptions:
Match the following green management approaches with their descriptions:
Socially responsible investing (SRI) funds usually avoid companies involved in __________.
Socially responsible investing (SRI) funds usually avoid companies involved in __________.
Which stage of moral development is characterized by decisions based on personal consequences?
Which stage of moral development is characterized by decisions based on personal consequences?
Match the following concepts with their definitions:
Match the following concepts with their definitions:
Which of the following factors can lead to unethical behavior in organizations?
Which of the following factors can lead to unethical behavior in organizations?
Individual characteristics, such as personal values, do not affect ethical behavior.
Individual characteristics, such as personal values, do not affect ethical behavior.
Social responsibility includes legal obligations but does not require any moral actions.
Social responsibility includes legal obligations but does not require any moral actions.
List two factors that influence whether a person behaves ethically or unethically.
List two factors that influence whether a person behaves ethically or unethically.
What is the primary goal of green management in organizations?
What is the primary goal of green management in organizations?
What does 'Locus of Control' measure?
What does 'Locus of Control' measure?
Greater consensus of wrong results in decreased issue intensity.
Greater consensus of wrong results in decreased issue intensity.
Name one of the factors that can influence ethical behavior in an organization?
Name one of the factors that can influence ethical behavior in an organization?
The greater the likelihood that an action will cause harm, the greater the issue intensity or importance. This is known as the __________ of harm.
The greater the likelihood that an action will cause harm, the greater the issue intensity or importance. This is known as the __________ of harm.
Match the following characteristics of issue intensity to their descriptions:
Match the following characteristics of issue intensity to their descriptions:
What is one of the six characteristics that determine issue intensity?
What is one of the six characteristics that determine issue intensity?
The Foreign Corrupt Practices Act allows for any form of payment to foreign officials.
The Foreign Corrupt Practices Act allows for any form of payment to foreign officials.
How does concentration of effect influence issue intensity?
How does concentration of effect influence issue intensity?
What is the purpose of pre-employment integrity testing?
What is the purpose of pre-employment integrity testing?
Leadership commitment is not necessary for encouraging ethical behavior in organizations.
Leadership commitment is not necessary for encouraging ethical behavior in organizations.
What is a whistle-blower?
What is a whistle-blower?
A formal statement of an organization’s primary values is known as a __________.
A formal statement of an organization’s primary values is known as a __________.
Match the following concepts with their definitions:
Match the following concepts with their definitions:
Which of the following is NOT a protective mechanism for employees facing ethical dilemmas?
Which of the following is NOT a protective mechanism for employees facing ethical dilemmas?
To encourage ethical behavior, only the results of goal achievement should be evaluated.
To encourage ethical behavior, only the results of goal achievement should be evaluated.
What role do independent social audits play in an organization?
What role do independent social audits play in an organization?
What is a social entrepreneur?
What is a social entrepreneur?
Social obligation refers to engaging in social actions solely for profit.
Social obligation refers to engaging in social actions solely for profit.
What is one way companies can promote social change?
What is one way companies can promote social change?
The _____ approach to green management focuses on addressing environmental issues through market-based strategies.
The _____ approach to green management focuses on addressing environmental issues through market-based strategies.
Which of the following is a factor that affects ethical behavior?
Which of the following is a factor that affects ethical behavior?
Match the approaches of green management with their definitions:
Match the approaches of green management with their definitions:
Managers play a crucial role in promoting unethical behavior within organizations.
Managers play a crucial role in promoting unethical behavior within organizations.
What is one way managers can protect whistle-blowers?
What is one way managers can protect whistle-blowers?
Study Notes
Social Responsibility
- Companies have different levels of social responsibility, ranging from meeting legal/economic obligations (social obligation) to engaging in actions that benefit society (social responsiveness).
- The classical view believes maximizing profits is the sole responsibility of management, while the socioeconomic view suggests that management should also prioritize society's well-being.
Green Management
- Green management refers to companies considering their impact on the environment, leading to the adoption of sustainable practices.
- Businesses can go green using different approaches:
- Legal (light green): Following environmental regulations.
- Market: Responding to customer preferences for eco-friendly products.
- Stakeholder: Meeting the environmental demands of various stakeholders.
- Activist (dark green): Actively seeking ways to preserve and respect the environment.
Ethical Behavior
- Ethics encompasses principles, values, and beliefs defining right and wrong behavior.
- Multiple factors influence individuals' decisions to act ethically or unethically:
- Moral development: Stages range from personal consequences to principles and shared values.
- Individual characteristics: Values, ego strength, locus of control.
- Structural variables: Organizational design, goals, performance appraisal, reward allocation.
- Issue intensity: The significance of an ethical issue based on greatness of harm, consensus of wrong, probability of harm, immediacy of consequences, proximity to the victim, and concentration of effect.
Encouraging Ethical Behavior
- Management plays a key role in ethical behavior by creating a supportive culture:
- Employee selection: Use pre-employment checks and interviews to assess integrity.
- Code of ethics: Establish clear ethical expectations for employees.
- Leadership: Managers serve as ethical role models by embodying shared values and leading by example.
- Goals and performance appraisal: Evaluate both the results and the means of achieving goals.
- Ethics training: Provide education and training to reinforce ethical behavior.
- Independent social audits: Regularly assess management practices against the organization's code of ethics.
Current Social Responsibility and Ethics Issues
- Ethical leadership is crucial, as managers heavily influence employees' ethical decision-making.
- Companies should protect "whistle-blowers" who raise ethical concerns.
- Social entrepreneurs aim to improve society through innovative and sustainable approaches.
- Corporate philanthropy and employee volunteering are valuable for promoting social change.
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Description
Explore the different levels of corporate social responsibility, from legal obligations to proactive societal involvement. Understand the concepts of green management and ethical behavior in business practices. This quiz will test your knowledge on how companies can balance profit and societal well-being.
