Strategisches management at Hochschule für Wirtschaft und Recht Berlin

Flashcards and summaries for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin

Arrow Arrow

It’s completely free

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

studysmarter schule studium
d

4.5 /5

studysmarter schule studium
d

4.8 /5

Study with flashcards and summaries for the course Strategisches management at the Hochschule für Wirtschaft und Recht Berlin

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

What is Philanthropy distinct from CSR?

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

What is a Stakeholder?

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Examples for Stakeholder

This was only a preview of our StudySmarter flashcards.
Flascard Icon Flascard Icon

Millions of flashcards created by students

Flascard Icon Flascard Icon

Create your own flashcards as quick as possible

Flascard Icon Flascard Icon

Learning-Assistant with spaced repetition algorithm

Sign up for free!

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

What are Externalities

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Carol's Pyramid

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Business case for CSR

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Legal responsibility and regimes of injustice

This was only a preview of our StudySmarter flashcards.
Flascard Icon Flascard Icon

Millions of flashcards created by students

Flascard Icon Flascard Icon

Create your own flashcards as quick as possible

Flascard Icon Flascard Icon

Learning-Assistant with spaced repetition algorithm

Sign up for free!

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Concept of CSR as voluntary – implications and

 problems > stakeholders’ bargaining power; following the law voluntarily?

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Win-win situation in CSR?

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Rana Plaza building collapse

 

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Metastudy from Orlitzky et al. 2013

This was only a preview of our StudySmarter flashcards.
Flascard Icon Flascard Icon

Millions of flashcards created by students

Flascard Icon Flascard Icon

Create your own flashcards as quick as possible

Flascard Icon Flascard Icon

Learning-Assistant with spaced repetition algorithm

Sign up for free!

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

What is a trade union?

Your peers in the course Strategisches management at the Hochschule für Wirtschaft und Recht Berlin create and share summaries, flashcards, study plans and other learning materials with the intelligent StudySmarter learning app.

Get started now!

Flashcard Flashcard

Exemplary flashcards for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin on StudySmarter:

Strategisches management

What is Philanthropy distinct from CSR?

  • Love of humanity
  • Generosity in all forms to make peoples life better
  • CSR should be integrated in business operations, philantophy is rather an added extra

Strategisches management

What is a Stakeholder?

A Stakeholder is anybody who can affect or is affected by an organization, strategy or project.

Strategisches management

Examples for Stakeholder

  • Manager
  • Employees
  • Customers
  • Suppliers
  • Shareholders

Strategisches management

What are Externalities

  • Positiv or negativ side-effects caused by the behavior of a firm
  • Can be good or bad 
  • Example: pollution of the environment is reduced because of  a tax by the government 

Strategisches management

Carol's Pyramid

  • Pyramid of Corporate social responsibility
  • Economic → be profitable
  • Legal-> Obey the law
  • Ethical → Avoid harm
  • Philanthropic → Be a good corporate citizen

Strategisches management

Business case for CSR

  • The market will reward those organizations economically and financially that engage in CSR activities
  • CSR is the cleared up self-interest of modern companies
  • There is a win-win situation between firms and stakeholders

Strategisches management

Legal responsibility and regimes of injustice

  • The law can be seen as a codification of a society’s values and norms (e. g. criminal law/corporate law/ labor law/ tax law etc.
  • International, regional, national, local law and regulations
  • Legal systems are very different in various countries
  • The level of law enforcement (rule of law) also greatly differs

Strategisches management

Concept of CSR as voluntary – implications and

 problems > stakeholders’ bargaining power; following the law voluntarily?

  • nature of CSR is voluntary 
  • CSR activities are not binding, they are always optional and therefore can be determined solely by business.
  • This approach emphasizes that the value of CSR lies
    in its voluntary nature.
  • Suggestion is that CSR does not have to be regulated heavily but state should provide an enabling environment.
  • Cosumters have a high bargaining power, because in the worst case they would just stop buying your products
  • Voluntary CSR is also a method to stop the state from implementing a law (Germany if not 50% of firms have CSR actions, a law will be passed)

Strategisches management

Win-win situation in CSR?

Between firms and stakeholders because the firm is rewarded by the market and the stakeholder profit from the good deeds of the firm  

Strategisches management

Rana Plaza building collapse

 

  • 2013: Rana Plaza building collapses -> 1129 people killed, many more injured
  • Four floors have been added illegally, was originally planned as office and shopping center
  • Workers refused to enter the building but where forced to do so
  • Two days before the factory has been audited

Strategisches management

Metastudy from Orlitzky et al. 2013


  • How to measure Corporate social performance (CSP)


- Corporate disclosure to the public

- Reputational indices

- Observable processes (e.g. social audits, charitable contributions)

- Managerial principles and values


  • Corporate financial performance (CFP)


- Market based (investor returns, e.g. market capitalization)

- Accounting-based

- Perceptual measures (based on surveys)

  • “Social audits, CSP processes, and outcomes (including environmental management) are only modestly correlated with CFP
  • Higher correlations found for some other CSP measures

Strategisches management

What is a trade union?

Organization for workers, to protect and advance the interests of their member in the workplace

Sign up for free to see all flashcards and summaries for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin

Singup Image Singup Image
Wave

Other courses from your degree program

For your degree program Strategisches management at the Hochschule für Wirtschaft und Recht Berlin there are already many courses on StudySmarter, waiting for you to join them. Get access to flashcards, summaries, and much more.

Back to Hochschule für Wirtschaft und Recht Berlin overview page

externes Rechnungswesen

Mikroökonomie

Strategisches Management at

FOM Hochschule für Oekonomie & Management

Strategisches Management at

Fachhochschule Kärnten

Strategisches Management at

FernUniversität in Hagen

Strategisches Management at

FernUniversität in Hagen

Strategisches Management at

Freie Universität Berlin

Similar courses from other universities

Check out courses similar to Strategisches management at other universities

Back to Hochschule für Wirtschaft und Recht Berlin overview page

What is StudySmarter?

What is StudySmarter?

StudySmarter is an intelligent learning tool for students. With StudySmarter you can easily and efficiently create flashcards, summaries, mind maps, study plans and more. Create your own flashcards e.g. for Strategisches management at the Hochschule für Wirtschaft und Recht Berlin or access thousands of learning materials created by your fellow students. Whether at your own university or at other universities. Hundreds of thousands of students use StudySmarter to efficiently prepare for their exams. Available on the Web, Android & iOS. It’s completely free.

Awards

Best EdTech Startup in Europe

Awards
Awards

EUROPEAN YOUTH AWARD IN SMART LEARNING

Awards
Awards

BEST EDTECH STARTUP IN GERMANY

Awards
Awards

Best EdTech Startup in Europe

Awards
Awards

EUROPEAN YOUTH AWARD IN SMART LEARNING

Awards
Awards

BEST EDTECH STARTUP IN GERMANY

Awards
X

StudySmarter - The study app for students

StudySmarter

4.5 Stars 1100 Rating
Start now!
X

Good grades at university? No problem with StudySmarter!

89% of StudySmarter users achieve better grades at university.

50 Mio Flashcards & Summaries
Create your own content with Smart Tools
Individual Learning-Plan

Learn with over 1 million users on StudySmarter.

Already registered? Just go to Login