AMB 307 QUIZ 2 REVIEWER Flashcards
who said that goodness is the only investment that never fails
henry david thoreau
- A practice of business orgs that accounts for social and environmental impacts that the business operation creates
- Continuing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large
- Committed to making an impact to other people and the quality of life
CSR
Section 3 – any corporation, whether domestic or foreign, partnerships and other establishments performing business in the country are hereby mandated to observe its corporate social responsibility or the obligation to consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations
SENATE BILL 1239: CSR ACT
Why companies get involved in CSR: it should not be used for political or strategical agenda, but it should be sincere and authentic
Positive publicity and creates public image
Why companies get involved in CSR: tax exemptions are certificates given by BIR if you have CSR
Earn tax holidays or deductions
Why companies get involved in CSR: being generous without seeking for any reputational benefit
- Simply give back genuinely
- A marketing tactic used by companies to make products appear more green and environmentally friendly than they really are.
- FDA is required for import and export, beauty products, and medicine.
Greenwashing
Aspects of CSR: First obligation of establishing of CSR, the primary responsibility, to generate employment and distribute goods and services for usage and consumption of the public
Economic
Aspects of CSR: Company operations are within the bounds of the law. It follows the rules and is restricted on what the law dictates. The company should comply with legal requirements. It should adhere the rules and regulations imposed by the government
Legal
Aspects of CSR: Expecting ethical in all their dealings with the stakeholders and the public. It should not emit any toxic waste or cause pollution to its surroundings. It has an ethical responsibility as well as to its employees.
Ethical
Aspects of CSR: Help the community. Make a change. Help in the community in worthwhile projects which would be beneficial to the people in the community. Selfless and sincerity in initiatives.
Philanthrophic
Models of Corporate Social Responsibility: Emphasizes the levels of expectations of the people compromising the fours social responsibilities from economic to philanthropic. It is a hierarchy of social responsibility, showing the order of decreasing importance
Pyramid model
Models of Corporate Social Responsibility: All four obligations are present, but they overlap with each other. Allow flexibility because managers are free to use the company’s resources not solely on one aspect but undertake endeavors that address several aspects.
The intersecting circles model
Models of Corporate Social Responsibility: Similar to pyramid, but economic is the core of the model. If the economic aspect suffers, everything else suffers. You cannot be a philanthropic if you do not have a source of income. It should be intact. You cannot perform well if you do not have this.
Concentrix Model
Principles of environmental management: A company becomes successful if it sustains a competitive advantage but at the same time complies with the law. They issue environmental policies which fit their competitive advantage. Priorities the protection of the environment as a personal choice (individual). Believe it is a responsibility and a part of their lifestyle.
Light green
Principles of environmental management: Promotes the creation of products and services that cater to the environmental preferences of consumers. Refrigerators and air-conditioners with environment-friendly features have been very salable. Ex. Being an organic business because most prefer being organic
Market green
Principles of environmental management: Preference of stakeholders, such as requiring suppliers to meet environmental standards in their processes or orienting employees on environmental issues.
Stakeholder green
Principles of environmental management: Propagates leadership in the industry through a high level of commitment to preserving the environment. It is difficult to lead in a very competitive world by fully prioritizing the environment. Successful in reconciling their strategies with the preservation of the environment.
Dark green
who said that a social enterprise is a viable way to launch the world closer to the attainment of SDG, aiming to end poverty and protect the planet, and ensure that all people will enjoy peace and prosperity by 2030
Asian development bank
who said that a social enterprise is a business model
cynthia zarate
Is a business model where people earn profit and has a corporate social responsibility
social enterprise
types of SEs: Serve communities. Composed of a board of directors
community enterprises
types of SEs: Help people renew their support networks and assist them in finding jobs, particularly those who are disabled and have experienced trauma and mental health problems. Equipping the disabled
social firms
types of SEs: Financial institutions savings and loan facilities to the inhabitants of the community
credit unions
types of SEs: Orgs which all members are honors that contribute for the funding
cooperatives
types of SEs: Seeks to develop a community through the management of property like housing
development trusts
types of SEs: Provide loans and other investment facilities to small businesses and start up social enterprises
community development finance institutions
types of SEs: Deliver basic services previously provided by public sector, it is what was previously given to the people, like services being reused
public sector spinouts
types of SEs: Ensure small produces like farmers get a fair price for their produce
fair trade organizations
types of SEs: Formed to assist parent’s org in social services. Ex. Human nature
trading arms of charities
Income Generation Methods
- Fee-for-service - consultancy
- Products – tangible products
- Membership dues – organizations
- Tangible and intangible assets – assets, properties, rentable
- Investments – development trusts
- Services
Social Enterprise Models: Provides support services to entrepreneurs such as consulting, training, and other technical services that help clients grow their business.
entrepreneur support model
Social Enterprise Models: Guides those struggling to gain markets to sell their products. It buys the products of the clients and sells them in other markets at a mark-up price
market intermediary model
Social Enterprise Models: Helps clients find jobs and provide them with training
employment model
Social Enterprise Models: Charges clients with a certain fee for services like hospital, schools, and museums
fee-for-service model
Social Enterprise Models: Charges fees but concentrate on low-income customers
low-income client model
Social Enterprise Models: Connects clients to markets where they can sell their products. This will act as an enterprise broker to help a small producer access the market
market linkage model
Social Enterprise Models: Sells products and uses the proceeds to subsidize their social services. Ex. a Law firm may provide free law services out of the revenue generated from its regular law practice
service-subsidation model
Social Enterprise Models: Sells products and services and the revenue generated is used to fund an organization which runs the program that the social enterprise supports. Ex. Gawadkalinga
organizational support model
Social Enterprise Models: Charges membership fee and provides several services to members who also run its operations. All members combine their resources to create products or services that will earn income. Ex. FICCO
cooperative model
source of income of entrepreneurship support model
payments of clients for support services
source of income of market intermediary model
revenue on the markup
source of income of employment model
services they offer like agency fees
