Hosted
by
Dr. William J. Frey
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Team Work ADEM Statement of Values
Stakeholders Public Issues and CSR
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Row 1, Col 1
a situation in which groups come to agreement at the
expense of critical thinking
What is Groupthink?
1,2
Acknowledge the inherent dignity present in diverse constituents by recognizing and respecting
their fundamental rights
What is respect?
1,3
An interest in—or a claim on—a business enterprise.
What is a stake?
1,4
Information gained by analyzing customer, competitoreconomic, technological, social, political, legal, and geophysicalenvironments surrounding a
firm..
What is environmental intelligence?
2,1
This phenomenon occurs when members exaggerate
non-agreement and convert it into disagreement
and opposition
What is Group Polarization?
2,2
Recognize and fulfill obligations to constituents by caring for
their essential interests, honoring commitments and balancing
and integrating conflicting interests
What is responsibility?
2,3
This theory sees the firm as the property of its owners.
What is the ownership theory of the firm?
2,4
Identify issue, analyze issuegenerate options, take action
and evaluate results
What are the five steps or stages of issue management process?
3,1
A group makes unnecessary compromises because of a
breakdown in group communication.
What is Going to Abilene?
3,2
Be impartial, objective and refrain from discriminationor preferential treatment
in the administrationof rules and policies.
What is a justice / fairness?
3,3
This theory argues thatcorporations serve a broad
public purpose: to create value for society.
What is the stakeholder theory of the firm?
3,4
A corporation should act in a way that enhances society and
its inhabitants and be heldaccountable for any of its
actions that affect people, theircommunities and the environment.
What is corporate social responsibility or CSR?
4,1
Designate one member a devil’s advocate who is
responsible for criticizing the group’s decision,
no matter what
How does one avoid groupthink and going to Abilene?
4,2
Characterized by sincerity, honesty, authenticity, and the pursuit of excellence.
What is integrity?
4,3
This term refers to individuals that own shares of a
company’s stock.
What is stockholder?
4,4
The idea that the wealthiestmembers of society should
be charitable toward those lessfortunate.
What is the charity principle?
5,1
Finding a higher order interest on which both parties agree,
and then constructing a solution that serves that agreed-upon
interest.
What is Bridging?
5,2
Solidifies communities by creating an environment where each can expect
ethically justifiable behavior from all others.
What is a trust?
5,3
People & groups who—although they do not engage in direct
economic exchange with the firm—are nonetheless
affected by or can affect its actions.
What are nonmarket stakeholders?
5,4
Corporate managers have an obligation to see that
everyone—particularly those in need or at risk—benefits from their firms’ actions
What is the stewardship principle?