BET430 Chapter Notes - Chapter 2: Internal Set, Institute For Operations Research And The Management Sciences, Whistleblower

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Social responsibility: the responsibility to profitably serve employees and customers in an ethical and lawful manner. Stakeholder: any group within or outside the organization that has a stake in the organization"s performance. Ccc gomes: a stakeholder acronym: customers, creditors, community, government, owners, managers, employees, and suppliers. Discretionary responsibility: behaviours that are purely voluntary and guided by the desire to make social contributions not mandated by economics , law, or ethics. Preconventional moral development level: an individual acts in his or her own best interest and thus follows rules to avoid punishment or receive rewards; will break moral and legal laws. Conventional moral development level: an individual conforms to the expectations of others, such as family, employer, boss, and society; upholds moral and legal laws. Principled moral development level: an individual lives by an internal set of morals, values, and ethics; these are upheld regardless of pu nishments or majority opinion.

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