Lecture 1 - Introduction

Question 1

Edelman trust Barometer

Answer 1

Gauge public trust in various institutes

Question 2

Departments (6)

Answer 2

1. Finance
2. Accounting
3. Supply chain & Operations
4. Marketing
5. Data Management
6. Leadership & Social Intra/Entrepreneurship

Question 3

3 Types of Capitalism

Answer 3

1. State Capitalism
2. Shareholder Capitalism
3. Stakeholder Capitalism

Question 4

State Capitalism (Key stake holder, Key Characteristic, Implication for Companies, Advocated by)

Answer 4

Government, Government can intervene, Business Interest

Question 5

Shareholder Capitalism (Key stake holder, Key Characteristic, Implication for Companies, Advocated by)

Answer 5

Company Shareholders, Business to increase profits, Short-term profit maximization, Milton Friedman

Question 6

Stakeholder Capitalism (Key stake holder, Key Characteristic, Implication for Companies, Advocated by)

Answer 6

All Stakeholders, Society’s goal to increase the well-being of people and the planet, Focus on Long-term value creation & ESG measures, Klaus Schwab

Question 7

CSV

Answer 7

Creating Shared Value (Social, Ecological & Economic Value)

Question 8

3 Spheres of Sustainable Developmenet

Answer 8

Environmental, Social, Economic (Social-Environmental, Enviro-Economic, Economic-Social)

Question 9

B-Corporations

Answer 9

Use profit & Growth as a means to a greater end: Positive impact for their employees, communities, & the Environment

Question 10

ESG

Answer 10

Environmental, Social, Governance