Flashcards
CSR Session 3
Flashcards do conjunto (8)
- 11. Please name and explain an example for a trade-off between economic and social value-creation that could lead to corporate social irresponsibility (CSI).Increasing profit through saving on labor cost/protection --> low wages & high pressure
- 22. How can CSI be defined? How does CSI relate to the CSR pyramid introduced by Carroll?CSI: A certain harm occurs through corporate activity & the behaviour of the company infringed legal or social norms of acceptable behaviour --> failure to act responsibly, Violation of legal/ethical responsibilities
Total CSR of a Company entails simultaneous fulfillment of economic, legal, ethical &philantrophical responsibilities - 33. Which negative consequences can be caused by CSI for the firm? Which negative consequences does it incur for the general trust in business?Negative Consequences: lawsuits ,
–financial losses through settlements and sales declines,
–increases in the cost of capital,
–market share deterioration,
–network partner loss ,
–other costs associated with a negative reputation.
Public trust in business is the degree to which the public believes that business will act in a particular manner because the business has included the public’s interest into its own
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It is a critical ingredient for social cooperation and market efficiency and a cause for deep concern when it is absent or threatened. - 44. What are the main developments referred to as globalization?Globalization as…
1.Internationalization:
2.Liberalization
3.Universalization: global spread.
4.Westernization
But: these developments are not new…Technological Innovation (communication & Transportation)
Political developments (Erosion of national borders)
--> „Globalization is the progressive eroding of the relevance of territorial bases for social, economic, and political activities, processes, and relations.“ - 55. What are ethical impacts of globalization on the levels of different stakeholder groups?Shareholders: Potential for greater profitability, but also greater risk through lack of regulation
Employees: Outsourcing production to developing countries, provides jobs in those regions but also raises the potential for exploitation
Consumers: Cheaper prices, greater choice of products, but also criticism of westernization and exploitation
of vulnerable consumer groups in developing countries
Suppliers and competitors: Small scale indigenous competitors exposed to powerful global players, suppliers in developing countries face regulation from MNCs through supply chain management
Civil society (NGOs, local communities):
Possible erosion of traditional community life, increased power of MNCs where Governments are weak
Government and Regulation: Weakening of government power and increasing power of private businesses in political realm - 66. Which cultural issues to companies face whose activities cross borders?Businesses become less fixed territorially and increasingly engage in overseas markets.
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There, they find themselves confronted with new and diverse, sometimes even contradicting ethical
demands
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Moral values taken for granted in the home market may get questioned
The growing pluralism of values , norms, and lifestyles makes it difficult to formulate and justify a set of
universal values or rules that can be applied across cultures - 77. What are distinguishing factors of CSI incidents?1. effect undesirability (Personal Threat, Morality, Norm Violation
2. affected Party non-complicity (share in guilt for the incident to occur)
3. Corporate Culpability (causality, Moral responsibility) - 89. Please apply the Lange and Washburn framework to the case of the Volkswagen “Dieselgate” emission scandalApplication VW:
Main factors:
1.Effect undesirability: medium high
2.Corporate Culpability: high
3.Affected party non complicity: high
Additional factors:
•Unexpectedness: high
•Concentration in time: high
•Identification with the affected party: high
•Identification with the firm: m high
•Frames positioning firm as causal: high
(public acknowledgement of guilt, apology, new CEO)
•Perceived disposition for irresponsible
behavior: low
•Size and prominence: high
Informações
- Descrição
- Corporate Social Irresponsibility
- Criado por
- Bung Wer
- Visualizações
- 3
- Avaliação
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