Strategisches Management at Hochschule Für Wirtschaft Und Recht Berlin | Flashcards & Summaries

Lernmaterialien für Strategisches management an der Hochschule für Wirtschaft und Recht Berlin

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What is Philanthropy distinct from CSR?

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  • 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
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What is a Stakeholder?

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

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Examples for Stakeholder

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  • Manager
  • Employees
  • Customers
  • Suppliers
  • Shareholders
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What are Externalities

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  • 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 
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Carol's Pyramid

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

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  • 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
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Legal responsibility and regimes of injustice

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  • 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
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Concept of CSR as voluntary – implications and

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

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  • 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)
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Win-win situation in CSR?

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

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Rana Plaza building collapse

 

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  • 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
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Metastudy from Orlitzky et al. 2013

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  • 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
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What is a trade union?

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

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  • 826 Studierende
  • 27 Lernmaterialien

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Q:

What is Philanthropy distinct from CSR?

A:
  • 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
Q:

What is a Stakeholder?

A:

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

Q:

Examples for Stakeholder

A:
  • Manager
  • Employees
  • Customers
  • Suppliers
  • Shareholders
Q:

What are Externalities

A:
  • 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 
Q:

Carol's Pyramid

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

Business case for CSR

A:
  • 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
Q:

Legal responsibility and regimes of injustice

A:
  • 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
Q:

Concept of CSR as voluntary – implications and

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

A:
  • 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)
Q:

Win-win situation in CSR?

A:

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

Q:

Rana Plaza building collapse

 

A:
  • 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
Q:

Metastudy from Orlitzky et al. 2013

A:


  • 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
Q:

What is a trade union?

A:

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

Strategisches management

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