BS-ETHICS-L3

• Right


  Socially or morally correct and acceptable
• Recapitulation


  A brief summary of something
• Utang na loob


  The most powerful moral obligation among Filipinos, a technique of reciprocity
• Pakikisama


  A value of belongingness and loyalty with sensitivity to the feelings of others on the principle of "give and take", a folk concept of good public relations
• Hiya


  Dependent on what others will think, say and do, cannot say "NO" even if it is against one's will
• Bahala na


  A common expression among Filipinos resting on the fatalistic outlook and strong dependence on the "spirits", leaving everything in the hands of fate
• Amor propio


  An individual's highly emotional reaction to protect their honor and dignity when threatened or questioned, including "pakipot"
• Filial piety


  Embodies the ways of respect, deference, and loyalty to one's parent
• Mañana habit


  Refers to the indefinite future, procrastination is the name of the game
• Padrino


  Gaining favor from promotion or political appointment through family affiliation (nepotism) or friendship (cronyism), as opposed to one's merit, can be a tool for corruption
• Suki


  A system of patronage in which a customer regularly buys their merchandise from a certain client
• Values


  Personal beliefs or something that comes from within, emotionally relative to what is right or wrong, all values are morally relative until qualified by "How is it good?" or "To whom is it good?"
• Good


  A matter of opinion or taste, considered relative, what is good to one may not be good to another, a characteristic of morality
• Morals


  Relative values that protect life and respect the dual life values of self and others, when functioning correctly they are life-protecting and/or life-enhancing for all, a person who knows the difference between right and wrong and chooses right is moral, a person whose morality is reflected in their willingness to do the right thing even if it is hard or dangerous is ethical, ethics are moral values in action
• Model


  A specific theoretical or conceptual representation that describes and explains a phenomenon, in the context of CSR a model provides a theoretical perspective or approach that outlines CSR principles, concepts, and relationships, helps businesses understand CSR's underlying principles and philosophies and guides them in their CSR decision-making and actions, models in CSR often propose a particular perspective or theory about how businesses should approach their social and environmental responsibilities
• Friedman model

  Also called shareholder theory, argues that businesses' main responsibility is to maximize profits for shareholders
• Ackerman's model


  Examines how managers respond to societal issues, emphasizes internal policy goals and their connection to CSR, consists of four stages: Awareness, Planning, Implementation, and Evaluation
• Carroll's model


  Businesses have a broader purpose and social responsibility beyond just making a profit, outlines four responsibilities: Economic, Legal, Ethical, and Philanthropic
• Environmental integrity and community health model


  Created by Redman. Focuses on the interdependence of community health, environmental integrity, and corporate growth, healthy individuals are more productive and can contribute to economic growth
• Corporate citizenship model


  Focuses on a company's responsibility to society, to enhance the standard of living and quality of life in communities without neglecting stakeholder profitability, strives to balance satisfying shareholders' needs and meeting the community's and the environment's needs
• Framework


  A structured and organized system or structure that provides guidance, tools, and processes for implementing CSR initiatives, offers a practical approach to implementing CSR and often includes guidelines, principles, and best practices that businesses can follow, provides a structured way to plan, implement, and assess CSR activities and initiatives, used as practical tools for businesses to operationalize their CSR strategies and measure their CSR performance
• ISO 26000

  Helps organizations understand and implement CSR, covers various aspects of CSR, including organizational governance
• Global Reporting Initiative (GRI)


  Provides a widely used framework for sustainability reporting on economic, environmental, and social performance
• United Nations Global Compact


  Encourages businesses to align their operations and strategies with ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption
• Stakeholder framework


  Considers the interests of various stakeholders, including employees, customers, suppliers, communities, and the environment
• Shared value framework


  Developed by Michael Porter and Mark Kramer, creating economic value while simultaneously addressing social and environmental challenges
• Triple bottom line


  Expands business success beyond financial performance to include social and environmental dimensions, considers their impacts on people, the planet, and profits
• Ethical consumerism


  Focuses on the purchasing choices of consumers and the responsibility of businesses to provide ethically and sustainably produced products or services
• Organizations may adopt one or multiple frameworks based on their goals and values