Business Ethics- Communities

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Define a community
A group of people living in the same place or have a particular characteristic or interest in common.
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Name the 4 areas around businesses and communities
Externalities, power, social licence to operate and bottom of the pyramid.
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Why should companies expand into BOP markets?
They present a an opportunity for rapid growth as they are at the early stages of growth and they would help alleviate poverty but get something out of it (self-interest).
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Are communities a stakeholder for corporations?
Yes- they impact the organisation as they can remove their social right to operate and they are affected by the corporation e.g. externalities.
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What does a sustainable agenda reply upon?
Partnership between the three sectors = government, private sector and civil society.
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What are conflcits of interest?
Where decisions made within the company benefit you outside the company e.g. you have a financial interest in one of the contracts awarded by the company.
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What is insider-dealing?
Where you trade on the stock exchange to your own advantage as a result of having access to price-sensitive information.
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What is anti-trust? Examples?
Manipulating the market so it loses its competitiveness. E.g. price fixing, reducing supply, market sharing and bid-rigging.
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What is bid-rigging?
Where the bid is already promised to one party before the bidding process has taken place.
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Other cards in this set

Card 2

Front

Name the 4 areas around businesses and communities

Back

Externalities, power, social licence to operate and bottom of the pyramid.

Card 3

Front

Why should companies expand into BOP markets?

Back

Preview of the front of card 3

Card 4

Front

Are communities a stakeholder for corporations?

Back

Preview of the front of card 4

Card 5

Front

What does a sustainable agenda reply upon?

Back

Preview of the front of card 5
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