Workplace Two

Question 1

How does SHRM view corporate social responsibility?

Answer 1

• A strategic way of doing business and a recruitment, engagement, and marketing tool

Question 2

How does the following terms’ definition broadened?

• CSR
• Sustainability
• Bottom line
• Stakeholders

Answer 2

• CSR has changed from compliance to strategic
• Sustainability has evolved from only ecological concerns to being a good steward of all corporate resources
• Bottom line is not just money but the triple bottom line of people, profits, and planet
• Stakeholders are not just shareholders but all those affected

Question 3

How can financial profits be sustainable?

Answer 3

• Long-range focus allows customers the ability to acquire goods at reasonable prices so they can continue to purchase

Question 4

What is the sustainability sweat spot?

Answer 4

• Where business and public interests intersect to generate new business opportunity

Question 5

What are the three phases of a sustainability maturity curve?

Answer 5

• Compliance (defensive)
• Integration (strategic)
• Transformation ( values-based to point organization exists to have a position impact and product or service provided is secondary)

Question 6

What is the difference between a sustainability annual report and a social audit?

Answer 6

• One is for external marketing and the other for internal self-evaluation

Question 7

What is the more common term for full cost accounting and true cost accounting?

Answer 7

• Triple bottom line(Global Reporting Initiative)

Question 8

What is the world’s largest developer of voluntary global standards?

Answer 8

• ISO (International Organization for Standardization)

Question 9

What is the standard for global reporting of sustainability?

Answer 9

• GRI G4 (reports on “material aspects “ = significant to business impacts and stakeholder assessments)

Question 10

What is critical when presenting a business case for Corporate Social Responsibility (CSR)

Answer 10

• Tied to (framed) to specific organization’s organizational goals

Question 11

Why is relationship management an important HR competency for sustainability?

Answer 11

• Because all stakeholders must be in the loop at every step of the process

Question 12

What is the difference between compliance and ethics?

Answer 12

• Compliance = rules

* Ethics = values

Question 13

Good governance is built into Corporate Social Responsibility (CSR) process by what two things?

Answer 13

• A values-based written code of conduct and a compliance program

Question 14

Why does HR need to try to reconcile ethical universalism and ethical relativism?

Answer 14

• The assumption that ethical principles are the same everywhere may actually be an ethnocentric perception but if everything depends on local culture, a branch could violate its core values

Question 15

In a multicultural ethics decision tree, what must be considered?

Answer 15

• Is the practice just different and/or is the country practicing it at a different stage in its development?

Question 16

What is HR’s role regarding the ethics of an organization’s supply chain?

Answer 16

• Due diligence because an organization can be held accountable for its suppliers’ practices. Generally, vendors should have standards like organization regarding D&I, environment, etc,

Question 17

What is the difference between privacy and confidentiality?

Answer 17

• Privacy = freedom from intrusion

* Confidentiality = how personal information already disclosed is treated

Question 18

How might standardization vs. responsiveness impact philanthropy?

Answer 18

• Choice to support one charity globally would mean greater impact but allowing branches to support their own charities would mean greater breadth

Question 19

Why should an organization have a code of conduct and what will make it clear?

Answer 19

• Code of conduct gives a framework that forces intentional thought and decision-making
• What makes it clear is specific examples