Describe Carroll’s global corporate social responsibility pyramid.
What will be an ideal response?
According to University of Georgia business scholar Archie B. Carroll, corporate social responsibility rests at the top of a pyramid of a corporation’s obligations, right up there with economic, legal, and ethical obligations. That is, while some people might hold that a company’s first duty is to make a profit, Carroll suggests the responsibilities of an organization in the global economy should take the following priorities:
1. Be a good global corporate citizen, as defined by the host country’s expectations. (Top of pyramid, philanthropic responsibility)
2. Be ethical in its practices, taking host-country and global standards into consideration. (Ethical responsibility)
3. Obey the law of host countries as well as international law. (Legal responsibility)
4. Make a profit consistent with expectations for international business. (Pyramid base, economic responsibility)
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A company's mission statement typically addresses which question?
A. What business model should we employ to achieve our objectives and our vision? B. What approach should we take to achieve sustainable competitive advantage? C. Where are we going and what should our strategy be? D. Who we are and what do we do? E. What objectives and level of performance do we want to achieve?
Duress occurs when one person takes advantage of another person's mental, emotional, or physical weakness and unduly persuades that person to enter into a contract.
Answer the following statement true (T) or false (F)
Trendline Architects' core competency is building multi-family housing in urban areas. This competency is based primarily on the decisions made by the company's top management over several years to focus on building in densely populated cities. This process is called
A. dependence complexity. B. path dependence. C. causal dependence. D. path immobility.
An action may be legal but not ethical.
Answer the following statement true (T) or false (F)