Exam 14: Strategy and Society

In the context of the value net model, an individual or organization that makes customers value an organization's output more because of its product or service is known as a(n) _____.

Discuss the four fundamental social responsibilities of a business.

Nick and Juliet work in an online retailing firm in Chicago.Nick believes that a company's primary social responsibility is economic in nature while Juliet believes that its primary responsibility is to contribute to the enhancement of the community in which it operates.Which of the following statements, if true, strengthens Nick's belief?

Rended Inc., a publishing house, launches a unique initiative that involves educating children from poor economic backgrounds.For every product that a customer purchases, Rended would contribute $10 toward this cause.Which of the following best exemplifies Rended's initiative?

Emily works as a consultant in a firm that provides consulting and business solutions to global organizations to enhance their productivity and drive corporate performance and value.In the context of the value net model, Emily's firm is most likely to be considered a _____.

Which of the following statements best defines philanthropy?

Which of the following statements is true of shared values?

Peter, the founder of MilkWorld Inc., started his dairy company with the intent of creating a formidable supply-chain link and providing a lucrative source of income for the local dairy farmers in his country.Peter is most likely to be considered a(n):

Differentiate between institutional change and capacity building.

James started a restaurant chain, Foodizza Inc., and specifically hired unemployed youth from the ghettos in the vicinity of his restaurants, thereby providing them with means of livelihood.James is most likely to be considered a(n):

Kevin works for a consulting firm that strictly follows a 40 hours-per-week work schedule as prescribed in the employment terms laid out by the labor tribunal.In this scenario, Kevin's firm is diligently fulfilling its _____.

_____ means that entrepreneurs strive to change the way people and groups think about problems, and they work to create or change social institutions-from government policies to social values and norms.

Linz Inc., a global automobile manufacturing company, exports its automobiles to distributors in seven countries.The manufacturer incurs expenses of $1,000 per car as export duties and diligently pays its duties within the stipulated time frame.In this scenario, Linz is seen fulfilling its _____.

Discuss the four roles played by stakeholders in the value net.

Ruth works for an electronics manufacturing company, Zeeway Inc., whose employees volunteer over 1 million hours per year on initiatives that include environmental conservation, economic empowerment, and literacy programs.Which of the following best represents Zeeway's initiative?

Elvis works as a dentist at Prince Inc., a premier dentist clinic.The clinic conducts free checkups every month in remote places of the country to create more awareness on good dental hygiene.Which of the following social responsibilities is best reflected in this scenario?

Which of the following examples best represent an in-kind donation?

Tracy, an employee of an online retailing firm, is the member of the employee engagement committee in her firm and is entrusted with the task of organizing a cultural event.The proceeds of this cultural event will go toward providing free and affordable healthcare to the backward sections of the community.In this scenario, Tracy's firm is fulfilling its:

The ability of an organization to consistently gather resources from, or provide services to, key stakeholders such as donors, volunteers, students, or clients is referred to as _____.

Differentiate between a social bricoleur and a social engineer.