Summary
Summary Management Chapter 5
- Course
- Institution
- Book
A summary of management Chapter 5, 14th global edition Stephen P. Robbins, Mary Coulter (Pearson).
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Management Global 14th Edition Robbins Test Bank Latest Verified Review 2024 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score ...
-
Management Global 14th Edition Robbins Test Bank Latest Verified Review 2024 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score ...
-
Management Global 14th Edition Robbins Test Bank Latest Verified Review 2024 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score ...
Seller
Followdemithijssen
Content preview
Chapter 5: Socially conscious managementL05.1
Definitions
Classical view: The view that management’s only social responsibility is to maximize
profits.
Social obligation (classical view): When a firm engages in social actions because of its
obligation to meet certain economic and legal responsibilities.
Socioeconomic view: The view that management’s social responsibility goes beyond
making profits to include protecting and improving society’s welfare.
Social responsiveness (Socioeconomic view): When a firm engages in social actions in
response to some popular social need.
Social responsibility (Socioeconomic view): A business’s intention, beyond its legal and
economic obligations, to do the right things and act in ways that are good for society.
Social responsibility (p.182)
, L05.2
Green approaches
Legal: Doing what is required legally,
which is social obligation.
Market: organizations respond to the
environmental preferences of their
customers (social responsiveness).
Stakeholder: organization works to meet
the environmental demands of multiple
stakeholders such as employees,
suppliers, or community.
Activist: An organization looks for ways to respect and preserve the earth and its
natural resources (social responsibility).
Evaluating green actions
1. examining reports that companies make about their environmental performance.
2. by looking for compliance with global standards for environmental management (ISO
14000).
3. Global 100 list of the most sustainable corporations in the world.
Definitions
Green management: Managers consider the impact of their organization on the natural
environment.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller demithijssen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.27. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83662 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now