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Flashcards do conjunto (17)
- 1Socially responsible investingSRI's are funds which provide a way for individual investors to support socially responsible companies
-These funds use some type of social screening; that is, applying social and environmental criteria to investment decisions - 2Social screeningApplying social criteria (screens) to investment decisions
- 3Sustainable management practicesThe recognition by business of the close link between its decisions and activities and their impact on the natural environment
- 4How organizations manage sustainability-legal approach
-market approach
-stakeholder approach
-activist approach - 5Legal Approachorganizations obey laws, rules, and regulations willingly and without legal challenge, but that is the extent of their implementation of sustainable management practices
-good example of social obligation - 6market approachAs an organization becomes more sensitive to environmental issues, it may an organization which is more sensitive to environmental issues, responding to the environmental preferences of their customers
-whatever customers demand in terms of environmentally friendly products will be what the organization provides - 7Stakeholder Approach:organizations that follow the stakeholder approach work to meet the environment demands of multiple stakeholders such as employees, suppliers, and the community
- 8activist approachAn organization which exhibits the highest degree of environmental sensitivity pursues an activist approach to sustainable management
-these organization look for ways to respect and preserve the earth and its natural resources - 9Evaluating sustainable managementorganizations report their environmental performance via:
-global reporting initiative
-Adopting ISO standards
-inclusion in the list of the global 100 most sustainable corporations in the world - 10Values-basedmanagers establish and uphold an organization's shared values
purpose:
-guiding mangerial decision
-shaping employee behaviour
-influencing the direction of marketing efforts
-Building team spirit - 11The bottom line on shared corporate valuesan organization's values are reflected in the decisions and actions of its employees (Guise Managers' decisions and actions, shape employee behaviour, influence marketing efforts, Bulid team spirit
- 12EthicsThe rules and principles that define right and wrong conduct (4 views)
- 131. Utilitarian viewgreatest good is provided for the greatest number
-encourages efficiency and productivity and is consistent with the goal of profit maximization - 142. Rights views-respecting and protecting individual liberties and privileges
-seek to protect individual rights of conscience, free speech, life and safety, and due process - 15The Theory of Justice-organizational rules are enforced fairly and impartially, following legal rules and regulations
-protects the interests of unerrepresented stakeholders and the rights of employees - 16Integrative social contracts theory- Ethical decisions should be based on existing ethical norms in industries and communities
-based on integration of the general social contract and the specific contract between community members - 17—
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- FlashCards sobre Sem título, criado por nathan fulcher em 05-02-2018.
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- nathan fulcher
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