unit 7 - Elkingtons triple bottom line & CSR

Question 1

CSR

Answer 1

corporate social responsibility - diff levels of responsibility a business owes its stakeholders which aims to contribute to societal goals
-obligations they have towards its stakeholders

Question 2

what is csr for

Question 3

globalisation

Answer 3

Growing interconnectedness between people?

Question 4

pros x cons of globalisation

Answer 4

pros:
- access to international recruitment
- access to cheaper resources & labour

cons:
- more competition
- ethical considerations - cheaper labour

Question 5

containerisation

Answer 5

• bulk shipping reduces unit costs
  = economies of scale via globalisation

Question 6

Elkingtons triple bottom line

Answer 6

• people
• profit
• planet