Unit 7.6- social and technological change

Question 1

What is enlightened shareholder value?

Answer 1

The idea that companies should pursue shareholder wealth with a long-term orientation that seeks sustainable growth.

Question 2

What are corporate social reports?

Answer 2

are documents that set out a business’s targets for meeting its social obligations

Question 3

What do the corporate social reports contain?

Answer 3

• Using sustainable sources of raw materials
• Ensuring suppliers tarde responsibly
• Operating an extensive health and safety policy - protecting the wellbeing of employees
• Engaging in a continuous process of environmental management
• Trading ethically and taking into account morals in decision making

Question 4

What are the pressures for socially responsible behaviour?

Answer 4

• Consumers expect it and are more aware of business behaviour
• Social media - impacting reputation
• Attract employees
• Build a stronger brand
• Support in accessing new markets
• Support growth
• Improve revenue