Midterm 1

Question 1

What are 3 wicked societal problems

Answer 1

Political Polarization, Environmental Degradation, Economic Inequality

Question 2

What are the levels of Analysis

Answer 2

1. Micro, 2. Meso, 3. Macro

Question 3

What is a stakeholder

Answer 3

An individual or group who can influence and/or is influenced by the achievement of an organization’s purpose

Question 4

What is a rights holder?

Answer 4

An Individual or group that hold legal or inherent rights of protection respect and remedy

Question 5

What is an issue?

Answer 5

When the views are different between stakeholders and the business

Question 6

What is Power?

Answer 6

A relationship among social actors in which A can get B to do something that B
would not otherwise do. Power can be based upon force or threat, incentives, or symbolic
influences.

Question 7

What is Legitimacy

Answer 7

Perception that the actions of an entity are desirable, proper, or appropriate
within some system of norms, values or beliefs held by a stakeholder.

Question 8

What is Moral Responsibility

Answer 8

A firm is accountable for its stakeholders for any wrongful acts it performs and for the harm that it may cause (Moral: bad/good)

Question 9

What is - Corporate citizenship

Answer 9

A firm should act in ways that gain acceptance from stakeholders – refers to social licence or social contract

Question 10

What is the triple bottom line?

Answer 10

Efforts to enhance the firm’s image and good name, especially in cases of media controversy