What is considered a weak, moderate, and strong correlation in organizational behavior research?
- Weak no relationship between two variables, .25 Moderate, .50 Strong
Discuss the elements of the decision tree for diagnosing ethical decisions.
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Is it legal?
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no (stop there)
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Yes
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Does it max shareholder value?
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no (stop there)
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yes
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You have to think about other stockholders such as employees, venders, ETC.
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If the increase in stockholder value is greater than cost to other stockholders than proceed
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<--- Rethink and determine relevant impact
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Explain Novo Nordisk's Triple Bottom Line
- Social responsibility- Provide private health INS for those who no not qualify under other programs.
- Environment- Min emissions and consumption of energy and raw material in the course of doing business.
- Economic viability- is like human body breathing. Viability is necessary to sustain functions.
Describe each level of the corporate social responsibility (CSR) pyramid.
Discuss business ethicist, Thomas Dunfee's, views on CSR
- Thomas Dunfee- professor of Ethics at ... states that: Corporate social initiative must be linked to core competency and core values.
- Ex. Pharmaceutical companies should donate AIDS drugs in Africa " Beyond their duty to max shareholders wealth, managers have discretion to act with moral and social motivation beyond mere compliance with the law, within a certain range, at a cost of approximately 1-2 % of profit" could go up to 5%- special circumstances
Provide examples of social initiatives related to core competencies.
- Social Initiative- Voluntarily conducted without profit-making motive:
** Coordinated employee volunteerism
** Cash philanthropy
** In- kind donations (product, services)
- Examples:
Pharmaceutical companies - AIDS drug in Africa
Walmart + Target donate household items- Katrina crisis
Citigroup- no foreclosures for Katrina victims