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Exam 4: Corporate Social Responsibility

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Question 1

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The question with strategic CSR remains: without a win-win payoff,would such CSR initiatives be authorized?

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Question 2

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Many corporations are now reporting ______ in their annual reports that includes updates on their social and environmental activities in addition to their bottom line financial performance.

A) consumerism
B) a double bottom line
C) economic CSR
D) a triple bottom line

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Question 3

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Organizations pursuing a clearly defined sense of social conscience in managing their financial responsibilities to shareholders,their legal responsibilities to their local community and society as a whole,and their ethical responsibilities to "do the right thing" for all their stakeholders follow a(n) _______ initiative.

Discuss the major trend: sustainability.

Name and briefly describe each of the five major trends behind the CSR phenomenon.

Strategic CSR targets programs that will generate the most positive publicity or goodwill for the organization.

_____ is a philanthropic approach to CSR,in which organizations underwrite specific initiatives to give back to the company's local community or to designated national or international programs.

Corporations merely experimenting with CSR initiatives run the risk of creating adverse results and ending up worse than when they started.

The _____approach to corporate management states that the only obligation of a corporation is to maximize profits for its shareholders.

Corporate ______________________ implies that an organization operates with an awareness of its obligation to society.

Corporate conscience is an antonym for corporate social responsibility,implying that the organization is not a citizen responsible for meeting all of its obligations.

Many corporations are now reporting a ________________________ in their annual reports that includes updates on their social and environmental activities in addition to their bottom line financial performance.

Corporations that experiment with CSR initiatives run the risk of creating all of the following results,except:

___________________________ said that it would be unethical for a corporation to do anything other than deliver profits for its investors.

In the last 30 years alone,we have consumed ______ of the planet's resources.

Management by inclusion refers to the belief that a corporation's actions impact their customers,employees,suppliers,and the communities in which they produce and deliver their goods and services and some of these groups will be positively affected and others will be negatively affected.

Discuss the difference between ethical,altruistic,and strategic types of CSR.

When Home Depot announced a direct cash donation of $1.5 million to support the relief and rebuilding efforts in areas devastated by Hurricane Katrina,this is an example of Economic CSR.

The practices of making a company's operations _______,to off set damage to the environment through their greenhouse gas emissions,was initially developed as a solution for those industries that face significant challenges in reducing their emissions.

______ implies that the organization is a citizen,responsible for meeting all of its obligations.