Hosted by Dr. William J. Frey

Team Work ADEM Statement of Values Stakeholders Public Issues and CSR

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, competitor economic, technological, social, political, legal, and geophysical environments 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 issue generate 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 discrimination or preferential treatment in the administration of rules and policies. What is a justice / fairness?

3,3 This theory argues that corporations 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 held accountable for any of its actions that affect people, their communities 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 wealthiest members of society should be charitable toward those less fortunate. 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?