Week 4 Flashcards
what is the term anthropocene epoch?
a term created by Crutzen in 2000 that means we humans are, through our ever increasing desire for more growth and more wealth, influencing the climate and stability of the planet. –> The Great Acceleration
- There have been arguments of alternative economic models stating that the current rate of growth is not sustainable or viable and there is ‘a limit to growth’ – The de-growth or green growth perspectives
what are green growth and de-growth perspectives?
- Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies.
- De-growth concepts which first embarked on shrinking GDP then focusing more towards an agnostic relationship with GDP: just do what is necessary and see what the GDP outcome is, -> a-growth
give examples of firms with good CSR practices?
- lego: by 2030 wants to produce environmentally friendly products that are sustainable
- salesforce provides 1% equity, 1% product and 1% of employees time to non-profit sector
- ben and jerrys foundation support social change
- starbucks in 2015, verified that 99% of its supply chain is ethically sourced
what is corporate culture?
‘A set of basic assumptions defines for us what to pay
attention to, what things mean, how to react
emotionally to what is going on, and what actions to
take in various kinds of situations’
what are values?
Values – the principles that help you to decide what is
right and wrong, and how to act in various situations
what are norms?
- Norms – Shared understanding of what is or is not
considered acceptable behaviour in and of a group
what are practices?
- Practices – Routine enactments [‘doings’ and ‘saying’]
oriented toward a particular end goal or objective (Nicolini
& Monteiro, 2017)
what is identity?
Identity – a set of statements that organization members
perceive to be central, distinctive, and enduring to their
organization (Albert & Whetten, 1985).
what are Schein’s levels of culture?
- Artifacts: All phenomenon that one sees, hears and feels when one encounters a new group with an unfamiliar
culture. - Espoused Beliefs and Values: All group learning ultimately reflects someone’s original beliefs and values, their sense of what ought to be, as distinct from what is
- Underlying Assumptions: The implicit assumptions that actually guide behavior, that tell group members how to perceive, think about, and feel about things
what is the link between the separation of market culture and societal culture?
Their co-existence has always been a matter of
compromise and dealing with paradoxes.
what are CSR cultures?
CSR cultures are understood as organizational cultures underpinned by values associated with environmental and social sustainability.
what is (Maon, 2010) stages of moving towards CSR supportive culture?
- CSR reluctant phase: dismissing CSR, focused on economic gains
- CSR cultural grasp phase: when firms begin to be sensitive to CSR issues, usually due to compliance seeking, or as a result of a CSR related scandal, or capability seeking
- CSR cultural embedment phase: here CSR is seen to have value, firms and managers start to invest in it, adopting CSR values
what are the strategic reasons why firms engage in CSR?
- Baron, 2001: The use of CSR to attract socially responsible consumers is referred to as
strategic CSR, in the sense that firms provide a public good in conjunction with their marketing/business strategy - (Jones, 1990): Firms involved in repeated transactions with stakeholders on the basis of trust and cooperation have an incentive to be honest and ethical, since such
behaviour is beneficial to the firm - (Hart, 1995): For certain companies, environmental social responsibility can constitute a resource or capability that leads to a sustained competitive advantage
what are the steps to the development of CSR strategies?
- Setting Goals: Organisational culture can play a role in
determining the key areas wherein the organisation
wants to achieve progress - Designing CSR strategy – Organisational culture can a
play a role in determining who is involved in the design
process, the resources in place for CSR planning and
development, length of CSR implementation - Implementing CSR strategy – organisational culture can
enable/ constrain scope of CSR integration e.g.
leadership buy in, resource allocation, artefact creation - Assessing Outcomes of CSR Strategy – culture
enables/constrains resources for monitoring and
evaluating outcomes
what is the three modes of transparency?
- transparency as a moral case: info shared with stakeholders isnt necessarily created and expressed in a way that would be favourable for the firm
- transparency as a business case: initiatives closely linked to financial strategies of the firm means firms can do transparency reporting in a way that benefits firm
- transparency as a process: something that is built into the firm eg with employees can scrutinise what the firm is doing.