CC 504 CSR at Universität Mannheim | Flashcards & Summaries

Lernmaterialien für CC 504 CSR an der Universität Mannheim

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TESTE DEIN WISSEN

How did the “Brundtland Commission” define sustainable development?

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Development in such a way that present needs are met, but the ability to meet the needs of future generation aren’t harmed.

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What does the triple bottom line approach to sustainability refer to?

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It refers to consider the three aspects of sustainability in an accounting perspective: environmental, societal and financial


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TESTE DEIN WISSEN

Name three of the biggest problems facing humanity. How can companies contribute to remedying these adversities?

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TESTE DEIN WISSEN

Climate change (get carbon free), extinct species (don’t start Deepsea mining) and global water crisis (reduce wastewater pollution)

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TESTE DEIN WISSEN

Which actors can be addressed in the search for solutions for problems like global warming? Discuss how these parties can contribute to solving pressing problems and what the obstacles are to them making a real change.

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TESTE DEIN WISSEN

Governments can introduce a strict framework which forces companies/consumers to behave environment friendly, but they may face backlash and lose their voters. Consumer can be addressed by NGOs through marketing campaigns, but consumer often don’t follow through with their attitude. Companies can invest in carbon free technologies, but may lose market shares/ competitive advantages, because they limit their resources in other areas


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TESTE DEIN WISSEN

What is meant by the “Consumer Paradox” referred to by Devinney (2008)?


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TESTE DEIN WISSEN

Consumer have the intention to act environment-friendly/social, but dont transfer their intention into actual behavior

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TESTE DEIN WISSEN

What does the term “Greenwashing” refer to?

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TESTE DEIN WISSEN

Company spread false or misleading information about their goals, strategies or actions to save the environment/act social responsible or they may use philantrpic actions o cover up their misdeeds

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TESTE DEIN WISSEN

What is a corporation?

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A separate entity which is independent of who works in them, thus perceptual independent. They are considered an artificial person by the law and managers have a fiduciary duty to protect the investments of the shareholders

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TESTE DEIN WISSEN

Please juxtapose the positions of Milton Friedman and Archie B. Carroll on corporate responsibilities. What is their common core? And how do they differ?

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TESTE DEIN WISSEN

According to Friedman, companies have to increase the shareholder value. To do that, they have to ac according to the alw and thical standards, but always with profit maximization in mind. Everything else isn’t in the jurisdiction of the manager. According to Caroll, companies have first to be profitable, then obey the law, act ethical and be a good citizen.


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What are the two opposing views of corporate responsibility resulting from their positions?

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TESTE DEIN WISSEN

Narrow CSR view: economical responsibility; Wider CSR view: Societal responsibility

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Who are the most important company-internal versus company-external stakeholders?

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TESTE DEIN WISSEN

Internal: Manager, Owner and employees. External: Shareholder, Costumer, Society, Vendor, Government and Investors

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TESTE DEIN WISSEN

Which new role for management does a stakeholder approach to corporate responsibility imply? Please provide an example for conflicting stakeholder interests.

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TESTE DEIN WISSEN

Instead of just profit-maximization, managers have to take the interest of all stakeholders into account. A conflict could arise, e.g. when the company wants to outsource some jobs and thus, fire some of their employees.

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TESTE DEIN WISSEN

What did the World III simulation model presented in „Limits to growth“ predict?

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TESTE DEIN WISSEN

Natural resources ae going to be depleted by 2072

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Q:

How did the “Brundtland Commission” define sustainable development?

A:

Development in such a way that present needs are met, but the ability to meet the needs of future generation aren’t harmed.

Q:

What does the triple bottom line approach to sustainability refer to?

A:

It refers to consider the three aspects of sustainability in an accounting perspective: environmental, societal and financial


Q:

Name three of the biggest problems facing humanity. How can companies contribute to remedying these adversities?

A:

Climate change (get carbon free), extinct species (don’t start Deepsea mining) and global water crisis (reduce wastewater pollution)

Q:

Which actors can be addressed in the search for solutions for problems like global warming? Discuss how these parties can contribute to solving pressing problems and what the obstacles are to them making a real change.

A:

Governments can introduce a strict framework which forces companies/consumers to behave environment friendly, but they may face backlash and lose their voters. Consumer can be addressed by NGOs through marketing campaigns, but consumer often don’t follow through with their attitude. Companies can invest in carbon free technologies, but may lose market shares/ competitive advantages, because they limit their resources in other areas


Q:

What is meant by the “Consumer Paradox” referred to by Devinney (2008)?


A:

Consumer have the intention to act environment-friendly/social, but dont transfer their intention into actual behavior

Mehr Karteikarten anzeigen
Q:

What does the term “Greenwashing” refer to?

A:

Company spread false or misleading information about their goals, strategies or actions to save the environment/act social responsible or they may use philantrpic actions o cover up their misdeeds

Q:

What is a corporation?

A:

A separate entity which is independent of who works in them, thus perceptual independent. They are considered an artificial person by the law and managers have a fiduciary duty to protect the investments of the shareholders

Q:

Please juxtapose the positions of Milton Friedman and Archie B. Carroll on corporate responsibilities. What is their common core? And how do they differ?

A:

According to Friedman, companies have to increase the shareholder value. To do that, they have to ac according to the alw and thical standards, but always with profit maximization in mind. Everything else isn’t in the jurisdiction of the manager. According to Caroll, companies have first to be profitable, then obey the law, act ethical and be a good citizen.


Q:

What are the two opposing views of corporate responsibility resulting from their positions?

A:

Narrow CSR view: economical responsibility; Wider CSR view: Societal responsibility

Q:

Who are the most important company-internal versus company-external stakeholders?

A:

Internal: Manager, Owner and employees. External: Shareholder, Costumer, Society, Vendor, Government and Investors

Q:

Which new role for management does a stakeholder approach to corporate responsibility imply? Please provide an example for conflicting stakeholder interests.

A:

Instead of just profit-maximization, managers have to take the interest of all stakeholders into account. A conflict could arise, e.g. when the company wants to outsource some jobs and thus, fire some of their employees.

Q:

What did the World III simulation model presented in „Limits to growth“ predict?

A:

Natural resources ae going to be depleted by 2072

CC 504 CSR

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