CSR - IB context Flashcards
1
Q
what is the idea of CSR?
A
this is the notion that large corporations have an obligation for their economic impact but also social and environmental responsibility.
2
Q
other terms for CSR?
A
- triple-bottom line
- sustainable development
- corporate citizenship
3
Q
agent-principle relation includes which people?
A
-shareholders - corporations - board of directors - senior managers
4
Q
what is the case against csr?
A
- agent-principle relationship
- csr is theft, reduces profit
- role specialisation (not social experts)
- corporate cannot assume moral responsibility.
5
Q
moral argument?
A
- moral agency
- shareholders theory = they should embody their values its apart of societies obligations
- powerful and economic institutions
- pack back for social costs
6
Q
why should business want CSR?
A
- brand value and reputation
- reduce risk and management
- employee’s and future workforce
- organisational growth
- business opportunity
- responsible leadership
- macro-level sustainable
7
Q
what does ethnocentrism mean?
A
- the values, beliefs and activities of ones own country is much better than those of another nationality/country.
8
Q
what does cultural relativism mean?
A
individuals beliefs and activities should be understood by others from the perspective of someone with different beliefs.
9
Q
what was Donaldson (1989) codes of conduct?
A
- physical security
- freedom and physical activity
- fair trial
- no torture or education
- education
- political systems and freedom of speech.
10
Q
what a push factors of child labour?
A
- family breakdown
- poverty
- lack of educational opportunities
- cultural practices
11
Q
pull factors of child labour?
A
- cheap labour
- poor inadequate legislation
- obedient
- nimble fingers.
12
Q
what is business intervention?
A
- social entrepreneurs who establish social enterprise to address world problems.
13
Q
what is creative capitalism?
A
doing right by doing good.
