Hosted
by
Dr. William J. Frey
Team Work
ADEM Statement
of Values
Stakeholders
Public Issues
and CSR
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What is Groupthink?
a situation in which groups
come to agreement at the
expense of critical thinking
Row 1, Col 1
What is respect?
Acknowledge the inherent dignity
present in diverse constituents
by recognizing and respecting
their fundamental rights
1,2
What is a stake?
An interest in—or a
claim on—a business enterprise.
1,3
What is environmental intelligence?
Information gained by
analyzing customer, competitor
economic, technological, social,
political, legal, and geophysical
environments surrounding a
firm.
.
1,4
What is Group Polarization?
This phenomenon occurs when
members exaggerate
non-agreement and convert
it into disagreement
and opposition
2,1
What is responsibility?
Recognize and fulfill obligations
to constituents by caring for
their essential interests, honoring
commitments and balancing
and integrating conflicting interests
2,2
What is the ownership theory of the firm?
This theory sees the firm as
the property of its owners.
2,3
What are the five steps or stages of issue management
process?
Identify issue, analyze issue
generate options, take action
and evaluate results
2,4
What is Going to Abilene?
A group makes unnecessary
compromises because of a
breakdown in group
communication.
3,1
What is a justice / fairness?
Be impartial, objective and
refrain from discrimination
or preferential treatment
in the administration
of rules and policies.
3,2
What is the stakeholder theory of the firm?
This theory argues that
corporations serve a broad
public purpose:
to create value for society.
3,3
What is corporate social responsibility or CSR?
A corporation should act in a
way that enhances society and
its inhabitants and be held
accountable for any of its
actions that affect people, their
communities and
the environment.
3,4
How does one avoid groupthink and going to Abilene?
Designate one member a
devil’s advocate who is
responsible for criticizing
the group’s decision,
no matter what
4,1
What is integrity?
Characterized by sincerity,
honesty, authenticity, and
the pursuit of excellence.
4,2
What is stockholder?
This term refers to individuals
that own shares of a
company’s stock.
4,3
What is the charity principle?
The idea that the wealthiest
members of society should
be charitable toward those less
fortunate.
4,4
What is Bridging?
Finding a higher order interest
on which both parties agree,
and then constructing a solution
that serves that agreed-upon
interest.
5,1
What is a trust?
Solidifies communities by
creating an environment
where each can expect
ethically justifiable behavior
from all others.
5,2
What are nonmarket stakeholders?
People & groups who—although
they do not engage in direct
economic exchange with
the firm—are nonetheless
affected by or can
affect its actions.
5,3
What is the stewardship principle?
Corporate managers have an
obligation to see that
everyone—particularly those in
need or at risk—benefits
from their firms’ actions
5,4