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CSR Lesson

14 important questions on CSR Lesson

In the 70s there is a raising awareness about sustainability, but this changed towards the end of the 70s because (3 examples).

1. Two international oil crises (OPEC)
2. Recession by increasing energy prices
3. Political change: Ronald Reagan (US) and Margaret Tatcher (UK)

What is a stakeholder? Name examples.

Any group or individual who can affect or is affected by the achievement of the organization's objective. Examples are: managers, employees, customers, investors, suppliers and shareholders. Other more generic examples are: the government, society, local community, environment and the future.

In which two ways can you identify stakeholders?

1. Internal / External
2. Voluntary / Involuntary

Why must all the stakeholders be considered in the decision making process? Give three examples.

1. It is the morally and ethically way to behave
2. Doing so actually benefits the shareholders
3. It reflects what actually happens in an organization

Name the four points of the balanced scorecard.

1. Financial: How should we appear to our shareholders?
2. Customer perspective: How do customers see the firm?
3. Internal business perspective: What must we exceed at?
4. Innovation and learning perspective: How will we sustain our ability to change and improve?

Name the 4 steps of incorporated environmental accounting.

1. Identify costs and benefits
2. Quantify costs and incorporate qualitative data
3. Use appropriate financial indicators
4. Set an appropriate time horizon

Fill in the following table of Freeman.

Figure:
Target:
Pleasing:
Social responsible with:
Mode of operation:

Figure: Freeman
Target: Social and economical profit
Pleasing: Stakeholders
Social responsible with: Organizations, individuals and the government
Mode of operation: To weigh different interests

The Brundtland Report is considered to be extremely important in addressing the issue of sustainability. Name the three goals.

1. Handling environmental and developmental aspects.
2. International policy making and paradigm change.
3. Raise level of commitment on individual, organizational as governmental level

Name the 7 strategic imperatives for sustainable development which the Brundtland Report and the WCED set up.

1. Economical growth
2. Change the quality of economical growth
3. Fulfil primary needs
4. Ensuring a sustainable level of population
5. Conserve and develop natural resources
6. Reorientation of technology
7. Integrate ecological and economical policy decision making

What was the critique on the Brundtland Report?

The assumption that sustainable development is both desirable and possible.

CSR is a crucial part of the strategy of a company with advantages to the organization. A manager needs to guide this with the following 7 tasks.

1. External information
2. Planning
3. Organization
4. Direction
5. Control
6. Results
7. Feedback

Name 6 objectives of a business.

1. Profit maximization
2. Growth
3. Long term stability
4. Statisficing
5. Maximizing cash flow
6. Maximizing return on capital employment
7. Maximizing service provision
8. Maximizing shareholder revenue

What is the main difference between the old  stakeholder model from the '80s and the  'new stakeholder model 'of this century?

In addition to their own network of stakeholders, companies become stakeholders in a larger umbrella network

What are the advantages of the ‘new stakeholder model ‘ of this century compared to the ‘old-stakeholder model’ of the 80s?

- Goals are achieved more easily
- More market power
- Economies of scale
- Publicity

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MVOE

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CSR Lesson

14 important questions on CSR Lesson

In the 70s there is a raising awareness about sustainability, but this changed towards the end of the 70s because (3 examples).

What is a stakeholder? Name examples.

In which two ways can you identify stakeholders?

Why must all the stakeholders be considered in the decision making process? Give three examples.

Name the four points of the balanced scorecard.

Name the 4 steps of incorporated environmental accounting.

Fill in the following table of Freeman.Figure:Target:Pleasing:Social responsible with:Mode of operation:

The Brundtland Report is considered to be extremely important in addressing the issue of sustainability. Name the three goals.

Name the 7 strategic imperatives for sustainable development which the Brundtland Report and the WCED set up.

What was the critique on the Brundtland Report?

CSR is a crucial part of the strategy of a company with advantages to the organization. A manager needs to guide this with the following 7 tasks.

Name 6 objectives of a business.

What is the main difference between the old stakeholder model from the '80s and the 'new stakeholder model 'of this century?

What are the advantages of the ‘new stakeholder model ‘ of this century compared to the ‘old-stakeholder model’ of the 80s?

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Fill in the following table of Freeman.

Figure:
Target:
Pleasing:
Social responsible with:
Mode of operation:

What is the main difference between the old  stakeholder model from the '80s and the  'new stakeholder model 'of this century?