Exam 2: Framing Business

The notion of _______ contends that products and markets can be reconceived by serving consumers and contributing to the common good. Furthermore, that productivity in the values chain can be refined by enhancing social, environmental and economic capabilities of supply chain members and local cluster development can be enabled so that development goals can be achieved through local collaborations.

Crane et al's definition of a stakeholder makes it clear that it is impossible to identify a definitive group of relevant stakeholders for any given corporation in any given situation. Nevertheless, a typical representation is possible, and three different models are presented. Which of the following stakeholders are included in the stakeholder view of the firm and in the network model of stakeholder theory, but not in the traditional model of managerial capitalism?

Crane et al describe "traditional" and "contemporary" CSR. Match the feature to the appropriate strategy. -CSR is primarily reactive

Instrumental stakeholder theory is a theory that attempts to explain how firms take into account stakeholder interests.

It is now generally accepted that business responsibility does extend beyond simply making a profit. Which of the following do Crane et al list as business reasons for CSR? Please select all that apply.

Crane et al contend that corporations often take on social responsibilities, in order to promote its own self-interests, this is known as ___________.

In ______ there is greater mistrust in corporations than in North America, in _______ a strong tradition exists of businesses donating to the arts, higher education and community services. Meanwhile, the European and Asian approach places more emphasis on the ________ responsibility of corporations towards employees and local communities.

Crane et al describe "traditional" and "contemporary" CSR. Match the feature to the appropriate strategy. -CSR is about value creation

Crane et al describe "traditional" and "contemporary" CSR. Match the feature to the appropriate strategy. -CSR is Bolted On

Since the late 1980s, we have witnessed a growing tendency towards the 'privatization' of many political functions and processes formerly assigned to governments. Which of the following are examples of how people's lives are increasingly controlled and shaped by corporations as well as governments? Please select all that apply.

In his influential 1970 article, Milton Friedman protested against the notion of corporate responsibility for corporations. Which of the following is not one of the three main premises of his argument?

Crane et al describe "traditional" and "contemporary" CSR. Match the feature to the appropriate strategy. -CSR is integral to the business model

In order to enhance corporate accountability, corporate social activity, and performance should be made more visible to those with a stake in the corporation. The term usually applied to this is ________.