Hosted by Dr. William J. Frey

Jeopardy Hosted by Dr. William J. Frey

Team Work ADEM Statement of Values Stakeholders Public Issues and CSR 100 100 100 100 200 200 200 200 300 300 300 300 400 400 400 400 500 500 500 500

Row 1, Col 1 What is Groupthink? a situation in which groups come to agreement at the expense of critical thinking

1,2 What is respect? Acknowledge the inherent dignity present in diverse constituents by recognizing and respecting their fundamental rights

1,3 What is a stake? An interest in—or a claim on—a business enterprise.

1,4 What is environmental intelligence? Information gained by analyzing customer, competitor economic, technological, social, political, legal, and geophysical environments surrounding a firm. .

2,1 What is Group Polarization? This phenomenon occurs when members exaggerate non-agreement and convert it into disagreement and opposition

2,2 What is responsibility? Recognize and fulfill obligations to constituents by caring for their essential interests, honoring commitments and balancing and integrating conflicting interests

2,3 What is the ownership theory of the firm? This theory sees the firm as the property of its owners.

2,4 What are the five steps or stages of issue management process? Identify issue, analyze issue generate options, take action and evaluate results

3,1 What is Going to Abilene? A group makes unnecessary compromises because of a breakdown in group communication.

3,2 What is a justice / fairness? Be impartial, objective and refrain from discrimination or preferential treatment in the administration of rules and policies.

3,3 What is the stakeholder theory of the firm? This theory argues that corporations serve a broad public purpose: to create value for society.

3,4 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.

4,1 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

4,2 What is integrity? Characterized by sincerity, honesty, authenticity, and the pursuit of excellence.

4,3 What is stockholder? This term refers to individuals that own shares of a company’s stock.

4,4 What is the charity principle? The idea that the wealthiest members of society should be charitable toward those less fortunate.

5,1 What is Bridging? Finding a higher order interest on which both parties agree, and then constructing a solution that serves that agreed-upon interest.

5,2 What is a trust? Solidifies communities by creating an environment where each can expect ethically justifiable behavior from all others.

5,3 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.

5,4 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

Hosted by Dr. William J. Frey