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BA 300 SDSU Austin Midterm 2 Exam/44 Questions and Answers
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BA 300 SDSU Austin Midterm 2 Exam/44 Questions and Answers
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BA 300 SDSU Austin Midterm 2Exam/44 Questions and Answers
Objectivism - -- The primary obligation of a human is to be rational at all
times
- Can only convince people through reason
- Build yourself into the best human you can possibly be
(ex. Marrying someone because they will allow you to be the best human you
can be)
- Start Up as CSR - -A social investment for shareholders
They know at IPO that the company is a normative CSR
- Biggest Con of Objectivism - -- Individualistic
too self-centered
- Judgmental
"you're not doing what you're supposed to be doing to become the best you
can be so I'm not going to be friends with you"
- Normative CSR - -Corporations should engage in CSR programs bc it's the
right or moral thing to do even at the expense of profits (participating in
charity even if it makes you lose profits)
- Challenges to Shareholder Value - -- Difficult to rely on self-interested
business people to act on shareholder's behalf so market mechanisms are
required to make sure the right thing is being done
- Corporate responsibility lies in ensuring effective corporate governance
mechanisms to protect the long term interest of shareholders
- Biggest Con of Integrative Social Contracts Theory - -Hard to figure out
what the local norms are
- Ethics of Care Example - -Founder might have a whole different purpose
than making a lot of money, maybe working from 9am-3pm so they can't
pick up their kids or go surfing if they want (usually smaller, entrepreneurial
companies)
- Ethical Justifications - -1. Powerful organizations should help aleviate
global inequalities
2. Leads to greater liberty for the poor/less fortunate
, 3. Capitalism will only be effective if the masses buy into it
(You need the people's support or the system will crumble)
4. Shareholders don't do the real "work"
5. Consider nonwestern values: You don't always have to maximize things.
Don't be greedy, share your wealth and make the world a better place.
- Whistleblowing Triggers - -- Truth (being violated, lying)
- Employee (selling a faulty product)
- Trust (when someone is getting something from someone and violating
their rights)
- Harm (actually physical/psychological harm)
- Your personal reputation (going to cause you long term damage)
- Organizations reputation (if your deparment is doing something that could
hurt the corporation)
- Breaking the law
- Biggest Con of Ethics of Care - -Neglects justice (enabling someone to do
something wrong)
No backbone (feeling sorry & taking care of them even though they're
wrong)
- Significant Intervention - --By law employees can determine laws and go
against shareholders.
-Doesn't happen in US, more in Europe
- Levi Strauss in Bangladesh - -Levi Strauss was hiring 14/15-year-olds in
Bangladesh to sew their clothes. Not a local norm in Bangladesh but a local
norm in America. Strauss recognized this as an issue and said they would
pay for their school and once they reach 15 (the legal working age) they
have the option to work for the factory again if they want to make money
- Shareholder Value Perspective - -It is the corporation's obligation to try
and maximize shareholder value forever
- Maximize profits within the law and morality
- Precursers to whistleblowing - -- Are you dealing with a serious issue?
- Assemble the facts
- be sure facts are accurate
- Asked peers or managers for advice
- See a law or policy about to be violated
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