Business Ethics Terms
Business Ethics Terms
Business Ethics Terms
Kartei Details
| Karten | 53 |
|---|---|
| Sprache | English |
| Kategorie | Religion/Ethik |
| Stufe | Universität |
| Erstellt / Aktualisiert | 14.01.2020 / 08.01.2024 |
| Weblink |
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Relies on participation and teamwork to reach collaborative decsions. Focuses on communication and creates climate for achieving results
Can create negative climate because of high standards. Works best for attaining quick resulsts from highly motivated individuals.
Builds a positive climate by developing skills to foster long-term success, delegating responsibility, and skillfully issuing challenging assignments
Transactional Leaders
Attempt to create employee satisfaction through negotiating for desired behaviors or levels of performance.
Transformational Leaders
Strive to raise employees level of commitment and foster trust and motivation.
Authentic Leaders
are passionate about the company, live out corporate values daily in their behavior in the workplace, and form long-term relationships with employees and other stakeholders.
The RADAR-Model
R: Recognize ethical issues.
A: Avoid misconduct whenever possible
D: Detect/Discover ethical risk areas
A: Answer stakeholder concerns when ethical issues come to light
R: Recover from a misconduct disaster by improving upon weaknesses in the ethics programm
The 4 steps of "Recovery" (RADAR-Model)
- Take corrective action
- Compensate stakeholders harmed by the misconduct
- Express regret for the misconduct
- Reinforce the firm's reputation with positive messages
Resonant Leaders
are emotionally intelligent leaders who demonstrate mindfulness of themselves and their own emotions, a belief that goals can be met, and a caring attitude toward others within the organization.
Fracking
Air pollution, where trapped gases, including methane, are released into the atmosphere.
The Triple Bottom Line approach
Takes into consideration social and environmental performance variables in addition with economic performance.
Green Marketing
is a strategic process involving stakeholder assessment to create meaningful long-term relationships with costumers, while maintaining, supporting, and enhancing the natural environment.
Greenwashing
involves misleading a consumer into thinking a product or service is more environmentally friendly than it really is.
