Exam 14: Strategy and Society

_____ refers to the simultaneous creation of economic value and social value for the larger community in which a business operates.

JustHog Inc.and FoodLite Inc.are major fast food chains.They attract a larger share of the fast food market due to their quality, prompt service, and affordability.Due to the recent marketing initiatives of JustHog, FoodLite experienced a drop in its market share.In the context of the value net model, which of the following best represents the relationship between JustHog and FoodLite?

Jude works for a food-processing unit that sells processed food at rates as low as 25% of its selling price to orphanages, old-age homes, missionaries, and charitable institutions.Jude's organization can be classified as a(n) _____.

_____ refers to a social entrepreneur who creates something new through the combination of diverse and different elements.

Foodoid Inc., a fast food restaurant, enters into a tie-up with SimplyBake Inc., a bakery chain, to procure croissants, garlic loafs, and other essential food ingredients.In the context of the value net model, SimplyBake assumes the role of a(n) _____.

Softlink Inc., a global computer software company, is involved in unique development initiatives in low-income countries.As part of this program, it developed model villages in a low-income country to ensure self-reliance in healthcare, infrastructure, and employment.In this scenario, which of the following best exemplifies Softlink's initiative?

Walter Inc., an engineering firm, follows stringent rules related to safety such as wearing helmets, sporting safety goggles, and dust masks while working on-site.In this scenario, which of the following responsibilities is fulfilled by Walter?

Which of the following statements is true of the value net model?

Robin, a social entrepreneur, founded the Center of Business Excellence, a not-profit organization, and Fydil Investments Inc., a profit-oriented firm.Robin's motive is to provide a focused solution to poverty by helping the poor with a desire to succeed at business.His knowledge and expertise gathered over the years from working on different assignments ensured sustainability of the new ventures.Which of the following types of entrepreneurship corresponds to the skill sets of Robin?

Inde Air Inc., a major airline, launches promotional schemes at regular intervals to increase its market share and counter the schemes launched by another airline, FlySky Inc.In the context of the value net model, which of the following best represents the relationship between Inde Air and FlySky?

_____entails transferring the ability to effectively perform tasks from one organization to another.

Discuss the role of a social entrepreneur in the creation of shared value.

Jason, a visually impaired employee of Melony Inc., believes that his workplace has given him independence and self-confidence, thereby increasing his morale.Which of the following has been exemplified by Melony in this scenario?

Which of the following describes those living in conditions of extreme poverty around the world, usually defined as less than $2 per day?

John works for Roth Inc., a mining firm, which strictly adheres to the employment rules as prescribed by the labor commission.The firm employs individuals only above the age of 23 for occupations that could pose safety hazards.In this scenario, which of the following social responsibilities is fulfilled by Roth?

Which of the following social responsibilities implies that a firm has an obligation to give back in some way and contribute to strengthening the fabric of its local communities, as well as the larger society?

Tim buys a new car to gift his son for his birthday.In the context of the value net model, Tim is most likely to be considered a:

Gama Inc., a cell phone manufacturer, procures lithium batteries from Zipcharge Inc.These batteries are used in the smart phones manufactured by Gama.In the context of the value net model, Gama is most likely to be considered a _____.

Katie works for an electronics manufacturing company that contributes 10% of employees' performance-linked bonuses toward the education of children with autism.Which of the following social responsibilities is best reflected in this scenario?

George Inc., a construction firm, bags a multibillion dollar deal from the federal government for the purpose of infrastructural development.This deal resulted in a sustainable stakeholder advantage and an increase in the firm's annual turnover.Which of the following best describes the social obligation exemplified by George in this scenario?