Discuss the elements of the decision tree

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Reference no: EM13774549

What is considered a weak, moderate, and strong correlation in organizational behavior research?

- Weak no relationship between two variables, .25 Moderate, .50 Strong

Discuss the elements of the decision tree for diagnosing ethical decisions.

Is it legal?	no (stop there)
Yes
Does it max shareholder value?	no (stop there)
yes
You have to think about other stockholders such as employees, venders, ETC.
If the increase in stockholder value is greater than cost to other stockholders than proceed	<--- Rethink and determine relevant impact

Explain Novo Nordisk's Triple Bottom Line

- Social responsibility- Provide private health INS for those who no not qualify under other programs.

- Environment- Min emissions and consumption of energy and raw material in the course of doing business.

- Economic viability- is like human body breathing. Viability is necessary to sustain functions.

Describe each level of the corporate social responsibility (CSR) pyramid.

Discuss business ethicist, Thomas Dunfee's, views on CSR

- Thomas Dunfee- professor of Ethics at ... states that: Corporate social initiative must be linked to core competency and core values.

- Ex. Pharmaceutical companies should donate AIDS drugs in Africa " Beyond their duty to max shareholders wealth, managers have discretion to act with moral and social motivation beyond mere compliance with the law, within a certain range, at a cost of approximately 1-2 % of profit" could go up to 5%- special circumstances

Provide examples of social initiatives related to core competencies.

- Social Initiative- Voluntarily conducted without profit-making motive:

** Coordinated employee volunteerism

** Cash philanthropy

** In- kind donations (product, services)

- Examples:

Pharmaceutical companies - AIDS drug in Africa

Walmart + Target donate household items- Katrina crisis

Citigroup- no foreclosures for Katrina victims

Reference no: EM13774549

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