Business Responsibility Flashcards
What are the 9 main roles of a business?
- Jobs.
- Wealth.
- Innovations.
- Food.
- Housing.
- Medicine.
- Healthcare.
- Taxes.
- Donations.
What type of relationship does business have with society?
A symbiotic relationship with society; one can’t exist without the other.
What are the inside outlinkages between business and society?
Business impinges on society.
What are the outside in linkages between business and society.
Social values affect businesses.
Give an example of Inside Out linkages.
Cadbury’s - family wanted to provide a better life for their workers in a model village next to the factory at a time when a quarter of Birmingham’s population lived in slums.
What are the negatives of Cadbury’s inside out linkages?
They knowingly built on the profits of widespread use of slaves and plantations - these slaves were regarded as essential for the company’s prosperity.
What can design provide for society?
Design can provide a communication tool to help build the outside linkage for cultural to guide and framing issues.
How much of the global market for coffee is produced by only 5 companies?
50%
What % of global coffee bean production is from smallholder farmers who struggle to earn minimum wage?
70%
What 4 types of motivation is responsible business behaviour driven by?
- Ethical Motivation.
- Moral Motivation.
- Rational Motivation.
- Economic Motivation.
What 5 changes in society are determined by 5 external forces?
- Affluence.
- Sustainability.
- Globalisation.
- Media.
- Brand.
What is a businesses’ licence to operate?
Permission granted to carry out business activity.
What is ‘discretionary responsibility’?
The highest level of expectation that society has of an organisation at a given point of time.
