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Dr. William J. Frey

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Team Work ADEM Statement of Values

Stakeholders Public Issues and CSR

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Row 1, Col 1

a situation in which groups come to agreement at the

expense of critical thinking

What is Groupthink?

1,2

Acknowledge the inherent dignity present in diverse constituents by recognizing and respecting

their fundamental rights

What is respect?

1,3

An interest in—or a claim on—a business enterprise.

What is a stake?

1,4

Information gained by analyzing customer, competitoreconomic, technological, social, political, legal, and geophysicalenvironments surrounding a

firm..

What is environmental intelligence?

2,1

This phenomenon occurs when members exaggerate

non-agreement and convert it into disagreement

and opposition

What is Group Polarization?

2,2

Recognize and fulfill obligations to constituents by caring for

their essential interests, honoring commitments and balancing

and integrating conflicting interests

What is responsibility?

2,3

This theory sees the firm as the property of its owners.

What is the ownership theory of the firm?

2,4

Identify issue, analyze issuegenerate options, take action

and evaluate results

What are the five steps or stages of issue management process?

3,1

A group makes unnecessary compromises because of a

breakdown in group communication.

What is Going to Abilene?

3,2

Be impartial, objective and refrain from discriminationor preferential treatment

in the administrationof rules and policies.

What is a justice / fairness?

3,3

This theory argues thatcorporations serve a broad

public purpose: to create value for society.

What is the stakeholder theory of the firm?

3,4

A corporation should act in a way that enhances society and

its inhabitants and be heldaccountable for any of its

actions that affect people, theircommunities and the environment.

What is corporate social responsibility or CSR?

4,1

Designate one member a devil’s advocate who is

responsible for criticizing the group’s decision,

no matter what

How does one avoid groupthink and going to Abilene?

4,2

Characterized by sincerity, honesty, authenticity, and the pursuit of excellence.

What is integrity?

4,3

This term refers to individuals that own shares of a

company’s stock.

What is stockholder?

4,4

The idea that the wealthiestmembers of society should

be charitable toward those lessfortunate.

What is the charity principle?

5,1

Finding a higher order interest on which both parties agree,

and then constructing a solution that serves that agreed-upon

interest.

What is Bridging?

5,2

Solidifies communities by creating an environment where each can expect

ethically justifiable behavior from all others.

What is a trust?

5,3

People & groups who—although they do not engage in direct

economic exchange with the firm—are nonetheless

affected by or can affect its actions.

What are nonmarket stakeholders?

5,4

Corporate managers have an obligation to see that

everyone—particularly those in need or at risk—benefits from their firms’ actions

What is the stewardship principle?