Summary: Business Strategy & Sustainability
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Read the summary and the most important questions on Business strategy & sustainability
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1 Week 1
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1.1 PowerPoint lecture week 1
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What is corporate sustainability?
CSR and CS refer to company activities - voluntary by definition - demonstrating the inclusion of social and environmental concerns in business operations and in interactions with stakeholders. -
What are the three key issues addressed in articles?
- Why companies go green?
- Contrasting perspectives on CSR/sustainability
- The purpose of business
- Why companies go green?
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2 Week 2
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2.1 Powerpoint lecture week 2
This is a preview. There are 11 more flashcards available for chapter 2.1
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Which focus area of the stakeholder theory prescribes the role/ purpose of the firm?
Normative -
Which focus area of the stakeholder theory identifies effective practices?
Instrumental -
Which focus area of the stakeholder theory maps critical relationships?
Descriptive -
Which theory proposes stakeholder value maximization?
Normative stakeholder theory -
Which stakeholders are driving the sustainability issue?
- Government
- Suppliers & Buyers
- Insurance Companies
- Banks
- Investors
- Consumers
- NGOs
- Competitors
- Trade Associations
- Science and academia
- The Press
- Employees
- Unions
- Job Applicants
- Government
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Which theory outlines critical relationships by identifying, mapping and prioritising stakeholders?
Descriptive stakeholder theory -
What do you call the process of linking issues to stakeholders?
Stakeholder mapping -
What are five drivers for businesses to collaborate with NGOs?
- Innovation
- Reputation
- Risk management
- Engagement
- Company welfare
- Innovation
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