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,Fundamentals For Sucess in Business.pdf Fundamentals For Sucess in Business.pdf Fundamentals For Sucess in Business.pdf
Corporate Social Responsibility (CSR) companies integrate social and environmental concerns into their business
operations and interactions with stakeholders.
Stakeholders People or groups that have interest in project, decision or outcome
Four Main Levels of Ethical Issues Within Organization 1. Societal Issues- Affect Community as a whole.
2. Stakeholder issues- Issues w stakeholders in sense of product, price, safety,
etc.
3. Internal policy issues- Concerning treatment, pay and trasparency to
employees.
4. Personal issues- They are personal and can effect honesty, respect and
integrity
Conscience An inner feeling of the rightness or wrongness of an action
Sarbanes-Oxley Act of 2002 provides sweeping new legal protection for employees who report corporate
misconduct
Stakeholders People w/ interest in the decisions and actions of an organization.
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Types of StakeHolders 1. Community members
2. Employees
3. Customers
4. Shareholders
5. Suppliers
6. Government Agencies
World Trade Organization (WTO) Organization that deals with the rules between nations trades
Code Of Ethics a formal statement of ethical principles and rules of conduct
Greenwashing A practice in which companies promote their products as environmentally
friendly when in truth the brand provides little ecological benefit.
Whistleblower an employee who exposes unethical or illegal conduct within the federal
government or one of its contractors
Passive Avoids expressing thoughts and feelings, especially if they conflict with others.
This often leads to feelings of resentment or being overlooked.
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