MGT-2010 Lecture Notes - Lecture 3: Ethical Dilemma, Lawrence Kohlberg, Corporate Social Responsibility
2 Oct 2017
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Document Summary
Chapter 3 - the manager"s work environment & ethical responsibilities. Triple bottom line : representing people, planet, and profit, measures an. Social audit : systematic assessment of a company"s performance in implementing organization"s social, environmental, and financial performance socially responsible programs, often based on pre-defined goals. Ethical behavior : behavior that is accepted as right as opposed to wrong according to those standards. Value system : the pattern of values within an organization. Organizations two important but conflicting value systems: help determine a person"s behavior: system stressing financial performance, system stressing cohesion and solidarity in employee relationships. Insider trading : the illegal trading of a company"s stock by people using. Ponzi scheme : using cash from newer investors to pay off older ones. Often shorted to sarbox, or sox, established requirements for proper financial record keeping for public companies and penalties of as much as 25 years in prison for noncompliance.
