Exam 5: Social Responsibility and Managerial Ethics

The belief that 'the normal result of strong community relations and business image, producing continuing profitability', is known as which argument for social responsibility?

A survey of various codes of ethics found that their content tended to fall into all of the following categories EXCEPT ________.

The ________ approach to 'being green' is when an organisation obeys rules and regulations but exhibits little environmental sensitivity.

________ is an approach to managing in which the organisation's values guide employees in the way they do their jobs.

A manager who believes that 'she worked hard and met the productivity goals despite bad weather' is displaying what individual characteristic?

Welcome to the Real World As a recent business graduate from a prestigious business school, Malcolm thought he had his work-life views straight.The way he saw it, if a business had to lay people off in order to increase profits in the short run, then that was 'just business'.Unfortunately, Malcolm, now in his first career position, had just been given the responsibility of laying off 20 per cent of his plant.In the year he had worked there, he had learned to like his fellow employees, played on the company soccer team and made many friends.He did not like what he had to do and now questioned his previous convictions. -Refer to Welcome to the Real World (Scenario).From a progressive point of view, now Malcolm felt responsible beyond just shareholders but also to any individual or group impacted by the organisation's decisions and policies, a group known as ________.

An Academic Question As a university student, you wonder about some of the practices in the university and just how some of its practices should be evaluated in reference to social issues. -Refer to An Academic Question (Scenario).Which of the following is NOT a reason why it makes sense for your university to continue to be socially responsive?

One way managers can use to reduce unethical behaviour, is to delineate job goals and performance appraisal mechanisms.

In a short essay, discuss social responsibility and compare and contrast social obligation and social responsiveness.

According to Milton Friedman, which of the following is NOT a potential result of spending an organisation's resources on 'social good'?

The Environmental Study You have just been challenged by your supervisor to study and report your findings on approaches that organisations use to being 'green'.Your boss tells you to study the four major approaches, differentiate among them and report to him in a week. -Refer to The Environmental Study (Scenario).Under what approach do organisations exhibit little environmental sensitivity, obey rules and regulations willingly without legal challenge and even try to use these rules to their own advantage?

Welcome to the Real World As a recent business graduate from a prestigious business school, Malcolm joined a firm where managers identify popular social needs such as community service and environmental concerns in addition to making a profit.In this organisation, managers respond to what they feel are important social needs. -Refer to Welcome to the Real World (Scenario).One reason Malcolm chose this particular firm was because of the firm's ability to adapt to changing societal conditions.This is referred to as _____.

Values shared among organisational members can serve as ________.

________ is defined as a business firm's obligation, beyond that required by law and economics, to pursue long-term goals that are good for society.

'Social screening' is a process used by mutual share funds to identify ethical or 'green' companies.

The term 'values' refers to the rules and principles that define right and wrong conduct.

The 'market approach' to 'going green' is when organisations respond to multiple demands of stakeholders.

In a short essay, list five steps that managers can take if they're serious about reducing unethical behaviours in their organisations.Briefly discuss the importance of each step in reducing unethical behaviours.

In a short essay, list and discuss the two personality variables that have been found to influence an individual's actions according to his or her beliefs about what is right or wrong.

Overall, does the evidence suggest that socially responsible behaviours by organisations lower a firm's economic performance?