Question 1

Apart from "the business of business is business, not ethics" kind of thinking, there are three other primary factors that contribute to a drive toward unethical business behavior. Identify and explain the three factors.

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Question 2

Explain and provide examples of how companies committed to environmental sustainability are able to address society's concerns about protecting the environment, while lowering costs and/or creating value for customers.

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Question 3

Identify the three types of business costs of ethical failures. Provide examples for each type of cost.

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Question 4

Sustainability is a term used in various ways, but most often it concerns a firm's relationship to the environment and its use of natural resources. Define the term from a company's business practices and strategy perspective.

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Question 5

Under what circumstances should a company endeavor to be socially responsible in its actions and conduct?

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Question 6

Identify the five good reasons (actions) companies can choose in crafting social responsibility initiatives, environmental sustainability, and a good corporate citizenship strategy.

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Question 7

Explain the key tenets of the concept of environmental sustainability. How does striving for environmental sustainability impact strategic initiatives involving a company's shareholders, its employees, and the environment?

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Question 8

How do socially responsible actions and sustainable business practices lower costs related to human resources in a company?

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Question 9

Explain how environmental sustainability strategies go about improving a company's "Triple-P" performance-people, planet, and profit. Why is it important for strategy-makers to find points of intersection between society and the company's ability to execute value chain activities or better serve customer needs?

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Question 10

Does a high correlation exist between a company's social responsibility and its competitive advantage and financial performance?

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Question 11

What is the essence of the business case for why a company should engage in socially responsible actions and environmentally sustainable business practices?

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Question 12

Why are well-conceived CSR strategies and sustainable business practices considered in the best long-term interest of shareholders?

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Question 13

Explain what is meant by "sustainable business practices" and using that explanation, provide three examples of companies that pursue sustainability strategies.

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Question 14

What is the essence of the moral case for why a company should engage in socially responsible actions and environmentally sustainable business practices?

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Question 15

Define and discuss the programs commonly included under a company's corporate social responsibility strategy.

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Quiz 9: Ethical Business Strategies, Social Responsibility, and Environmental Sustainabil ITY