What is defensive CSR? How is it different from proactive CSR?
What will be an ideal response?
Answer: Defensive CSR refers to a situation when a company takes positive steps to address a particular issue, but only because it has been embarrassed into action by negative publicity. Many companies today find themselves facing pressure from a variety of activists and nongovernmental organizations (NGOs). Some companies respond to this pressure by engaging in CSR activities as a way to avoid further criticism.
In the proactive CSR approach, company leaders believe they have responsibilities beyond making a profit, and they back up their beliefs and proclamations with actions taken on their own initiative.
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The story goes that a young George Washington cut down his father's cherry tree with a hatchet. Young Washington was then asked who might have committed this act
Even though the boy feared punishment, George replied, "I cannot tell a lie; I cut down the cherry tree." This story has taken on mythical proportions in the United States. Which of the follow functions does the myth best match? A) Metaphysical B) Cosmological C) Psychological D) Anthropological
Which organization would have the ultimate responsibility of deciding if the advantages outweigh the disadvantages in the adoption of IFRS accounting standards in the U.S.?
a. FASB b. SEC c. IASB d. AICPA
In a JIT system, workers are trained to specialize in one specific task
Indicate whether the statement is true or false
Which of the following statements is true?
A. The currency values among different countries rarely fluctuate. B. Cash flows of various parts of a multinational corporate system are always denominated in the same currencies. C. Institutional differences among countries can cause significant problems in coordination of subsidiaries. D. No nation places constraints on the transfer of corporate resources. E. Within similar geographic regions, different countries have uniform cultural heritages that shape values and influence the role of business in the society.