Flashcards
Ethics Final
Cards in this deck (37)
- 13 Key Types of Social Enterprises1. Profit Over Mission
2. Profit = Mission
3. Mission Over Profit - 2What is Profit Over MissionEssentially CSR, a normal corporation, just to prevent and mitigate human rights risks, but not help make an impact.
- 3What is profit = mission?Benefit & transformational corporations like IKEA, HP, Dell, etc. (companies that implement UN SDG's into their business practices)
- 4What is mission over profit?CIC (Community Interest Corporations), in BC are called CCC (Community Contribution Corporations) and give 60% of profits to the community
- 5What is the difference between a CCC and a normal corp?1. strict cap on dividends
2. profits must go towards community
3. higher degree of accountability - 6What are 3 ways of influencing the government?1. Bribery
2. Advocacy
3. Lobbying - 7What is a good framework to use for business-government relations?The Stanbury Framework
- 8What are part of the 3 levels of Stanbury's framework?1. Highest Level - social, economic, political factors beyond the control of either
2. Mid-level - exogenous and endogenous middle factors affecting bus./gov't.
3. Lowest level - strategies/tactics that they use to influence one another - 9As part of the highest level, how is the social aspect defined?National unity, cultural identity, gov't intervention in economy, redistribution ethic
- 10As part of the mid-level, what are the exogenous factors affecting business groups?Relations in the supply chain, scope of gov't intervention, degree of dependency on gov't, public perception
- 11What about endogenous factors affecting business groups?Resources dedicated to gov't relations, size of business group (% of total industry), internal unity/cohesion, goals of business group
- 12What about exogenous factors affecting the gov't?Seats in house, regional distribution of MP's, other gov'ts, existing laws, courts, media, and public opinion
- 13What about endogenous factors affecting the gov't?Their choice of instrument used to alter firm behaviours (taxes etc), which issues to deal with/give priority to, control over interest group participation
- 14At the lowest level, how do business groups influence gov't?Usual stuff like ads, and operations, but most importantly, lobbying.
- 15What are some types of business lobbyists?- Business interest groups (Canadian Bankers Association etc.)
- Gov't Relations Consultants (Hill & Knowlton Canada, etc.)
- Gov't affairs/public affairs staff
Additionally in BC, you can be in-house (for business or advocacy group) or consultant - 16Who needs to register?Lobbyists Registration Act
Any employee must register on federal level if it is more than 20% of their job duties, and for BC the corporation itself has to register if more than 100 hours collectively are spent on the lobbying. Designated office holders cannot lobby till 5 years after they're done. - 17What are Galyna's steps to lobbying?*DEFINE the issue
TARGET the right people
TIMING, when and how often
MECHANISMS, formal, informal, hired consultant, etc.
ALONE OR ALLIE, building a coalition with other stakeholders (not just your own business group) - 18Tell me some more about lobbying targets..WELP, senior and mid-level bureaucrates need to be contacted directly, cabinet ministers are busy (influence indirectly), others such as opposition members and senators have a little less influence
- 19What are 5 easy gov't relations lessons?1. Understand that it's a B2B relationship
2. Understand they need to be re-elected
3. Understand your value prop to the gov't
4. Use relevant marketing (& repetition)
5. Build the relationship, don't wait till you have a problem - 20What are John Moonen's 5 Stages of Lobbying?1. Define the problem
2. Determine solution gov't can provide
3. Identify decision-makers/influencers
4. Create message
5. Deliver message - 21What is the "protect, respect, remedy" framework?- State's duty to protect against human rights abuses
- Corporate responsibility to respect human rights
- Individual access/ability to remedy (to act on stopping the human rights violations) through judicial & non-judicial ways - 22What are the 3 aspects of Digital Intelligence (DQ)?1. Digital citizenship
2. Digital creativity
3. Digital entrepreneurship (technopreneurship) - 23What are 3 approaches to creating shared value for the future? (shared value is CSR 2.0)1. Reconceiving products and markets
2. Redefining productivity in your value chain
3. Cluster development - 24What 3 things are required from B-Corps?1. Societal & Environmental
2. Transparency
3. Accountability - 25What 5 areas are examined in B-Corps?GWECC
Governance
Workers
Environment
Customers
Community - 26What are the 3 steps to become a B-Corp?1. Meet Performance Req
2. Meet Legal Req
3. Make it official - 27What is an SE?an organization or business that uses the market-oriented production & sales of goods to pursue a public benefit mission, like Warby Parker or Tom's giving one pair of shoes for each one bought.
It can be charities, non-profits, or for-profits - 28What is a BC? What's the difference between BC and SE/CSR?A benefit corporation, that is a FOR-PROFIT entity with a societal/environmental mission. They should be sustainable and responsible.
- 29What is a PRI?Program-related investment. Companies investing +5% of their profit into socially good projects. (gives them tax benefit)
- 30Generally this is done through what type of child company?A L3C, Low-profit Limited Liability company, designed for societal and environmental duties of its "parent" company or as an SE.
- 31What are FPC's?A type of L3C that is called a Flexible Purpose Corporations, designed to be flexible and not necessarily carry out public benefit, not necessarily consider all stakeholders, or even be assessed by 3rd party standards.
- 32What are the 4 aspects of Governance?Mission & engagement
Governance structure
Ethics
Transparency - 33What are the 3 aspects of Workers?Compensation, benefits, training
Worker ownership
Work environment (reviews, diversity, health and wellness, everything) - 34What are the 3 aspects of Environment?Land, office, plant
Inputs
Outputs - 35What are the 4 aspects of Community?Community practices
Civic engagement & giving
Local involvement
Suppliers, distributors, and product (odd one out) - 36What are the 3 aspects of Customers?Impact business model
Community products and services
Serving those in need (weird cuz should be in Community but is here) - 37The consumer mindshift over the last 20 years has been?From good products to good companies
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- Business/Economics Flashcards on Ethics Final, created by Hari Kansal on 19/04/2017.
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- Hari Kansal
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