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International week 2

International week 2

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Which type of CSR activity is often described in terms of dollars or volunteer hours rather than its social impact?

Strategic CSR initiatives

Regulatory compliance efforts

Value chain improvements

Philanthropic initiatives

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Which measure is an example of redefining productivity in the value chain?

Replacing employee training budgets with automation

Implementing energy-efficient logistics to reduce costs and carbon emissions

Outsourcing all production to reduce local costs

Increasing the size of packaging to reduce damage

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What is the primary focus of the “license-to-operate” justification for CSR?

Meeting stakeholder and regulatory expectations to continue business operations

Increasing the company’s market share

Enhancing employee morale

Improving product quality exclusively

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Norwegian prime minister Gro Harlem Brundtland defined sustainable development as:

A company that has steady growth in its earnings

Meeting the needs of the of future generations

Work towards the larger good of the society

Meeting the needs of the present without compromising the ability of future generations to meet their own needs

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How should companies view investments in CSR to gain competitive advantage?

As a form of short-term public relations only

As an unavoidable cost with no long-term benefits

As separate from the company’s core operations

As a long-term investment in innovation and competitiveness

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Which of the following is an example of strategic CSR?

A business hosting a one-time charity event

A company solely relying on volunteer hours to improve community relations

A company issuing a generic CSR report annually

A firm integrating social issues into its competitive strategy to drive innovation

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To 'internalize the environmental cost of operations' means to:

Only contract with suppliers who abide by legal pollution requirements.

Leave it to the government to clean up any pollution.

Ensure any pollution is cleaned up before being expelled into the environment.

Avoid any production process that results in any form of pollution.

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When companies rebrand existing corporate social efforts under new global targets, their actions are best described as:

Deeply integrated into core operations

Fully aligned with long-term strategy

Transformative and innovative

Superficial and cosmetic

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“Integrating business and society.” What does this integration imply?

That companies should give up profit to help society

That corporate success and social progress are interdependent

That businesses must operate entirely independent of societal concerns

That CSR should be outsourced to non-profit organizations

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Which of the following is NOT one of the three primary avenues for creating shared value?

Enabling local cluster development

Redefining productivity in the value chain

Reconceiving products and markets

Increasing executive compensation

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