Moral principles that govern a person decision or behaviour in a situation.
100
What are core values and give an example of a core value?
Core Value are guiding principles that help us decided the actions and appropriate behaviour for a situation. Examples of core values: love, truth, fairness, freedom, unity, etc.
100
What are the 9 building blocks that make up the business model?
customer segments, value proposition, channels, customer relationships, revenue streams, key activities, key partnerships and cost structure.
100
What are the three sectors that Henery Mintzberg believes to exist?
1:Public
2:Private
3:Plural
100
In the book Rebalancing Society it is stated that capitalism was not what triumphed in 1989, instead credits what?
The book credits “balance” as the key concept to triumph in 1989. The balance of the public, private and plural sectors is what gave the success to the western countries.
200
What are the four dilemma paradigms fundamentals to right-versus- right choices?
1. Truth versus loyalty
2. Individual versus community
3. Short-term versus long term
4. Justice versus mercy
200
How does Ethics relate to personal fitness?
You are not born into being physical fit nor born into making ethical decision. It takes practise and training to learn the skills and the gain the endurance in order to cope with the situation that arise. Once you become physically fit or able to make ethical decision you need to maintain and practise skills.
200
Why are channels essential to a successful business?
They allow companies to communicate with and reach their customer segments
200
What is an example of exploring resources according to Henry Mintzeberg?
An example of exploring resources is to come up with innovative products.
200
What is an example of exploiting resources according to Henry Mintzeberg?
An example of exploiting resources is lowering prices at the cost of cuts to workers, and suppliers instead of building sustainable relationships with them.
300
Often people end up making right versus wrong decision. How we decide what is wrong is based on three typical ways we see wrong. List the three basic ways we view wrong.
1. Violation of the Law
2. Departure from the truth
3. Deviation from moral rectitude
300
What are the three resolution principles?
1. The end based or utilitarian principles
2. The rule based or Kantian principle
3. The care based principles based on the Golden Rule
300
Which building block is the ‘heart’ of the business model and is needed for any success?
Customer Segments
300
List three of the nine principles of sustainability performance.
1: Ethics
2: Governance
3: Transparency
300
What are the three steps to the stakeholder theory?
1: Interest
2: Right
3: Ownership
400
Name three of society values that do not lie in the moral realm?
1. Political values
2. Economic values
3. Culinary values
400
The Minnesota Principles have severed as a guide to international business activities. Over the years Minnesota Principles have changed but a few general principles have been up held follow by four core moral propositions. What are these four moral propositions?
1. Business activities must be characterized by fairness
2. Business activities must be characterized by honesty
3. Business activities must be characterized by respect for human dignity
4. Business activities must be characterized by respect for the environment
400
What is the value proposition of Apple Incs. iPod/iTunes?
A music program that gives its customers a seamless music experience
400
What is the difference between Friedman and Freeman ideas?
Friedman’s business of business is to make a profit for the owners of the business and Freeman’s business of business is to make a profit, yes, but in the larger context in which the business operates.
What are the nine steps to making an ethical decision?
1. Recognize that there is a moral issues
2. Determine the actor
3. Gather the relevant factor
4. Test for right-versus-wrong issue
5. Test for right-versus-right paradigms
6. Apply the resolution principles
7. Investigate the “trilemma” options
8. Make the decision
9. Revisit and reflect on the decision
500
Label all 5 parts of Potter Box, which is a flow chart to help make ethical decisions.
Actions
/ ^
V \
Solutions Loyalties
| ^
V |
Values --> Principles
500
Nespresso was able to patent their pods which gave them a competitive advantage in their market, what block would the patent go under?
Key Resources
500
What is referred to when discussing “the creeping meanness” in the book Rebalancing Society?
In Henry Mintzberg book Rebalancing Society “the creeping meanness” is referred to as the increasing imbalance of sectors in countries such as Canada. He discusses the increasing capitalism will have a bad affect on the economy and that all sectors should be balanced.
500
What are four responsibilities of managers according to Clarkson Principles of Stakeholder Management?
Managers should acknowledge, monitor, communicate, and listen to the concerns and input of all legitimate stake- holders.