CSR Final Exam Questions and
Answers6
Value-Based Business - ANSWERS -A for-profit firm that is founded on a vision and mission
based on social values and the other for principles listed in Conscious Capitalism.
Stakeholder Perspective - ANSWERS -Argues that CSR should be integrated into strategic
planning and day to day ops.
The rational argument of CSR is summarized by the Iron Law which is: - ANSWERS -That in a free
society discretionary abuse of societal responsibility leads, eventually, to mandated solutions.
CSR can affect the economic performance of the firm when formerly ______________ actions
evolve into ___________ considerations. - ANSWERS -Discretionary/Ethical
Walmarts global supply chain and growing international sales make it a living lab for CSR -
ANSWERS -It is the largest business on earth, measured in sales
The connection among a firms internal strengths and external opportunities is - ANSWERS -The
strategic axiom......
Strategic CSR helps bridge which two ideas - ANSWERS -maximize profits and society's right to
limit business
"in a democratic society, power is taken away from those who abuse it" - ANSWERS -The Iron
Law of Social responsibility
, CSR is... - ANSWERS -All of the above
The CSR Filter - ANSWERS -The CSR filter assesses the management's planned actions by
considering the impact of day to day tactical decisions and longer term strategies on the
organizations constituents.
Why a CSR filter - ANSWERS -A tactical or strategic decision that runs counter to stakeholder
interests can undermine the firms sustainable competitive advantage
Limitations of strategic decision making process - ANSWERS -1). A feasible strategy is limited by
the firms vision and mission, which are determined by leadership. 2) a firms structure and
competencies — organizational characteristics and competitive actions that aid the firm and set
it apart from competitors.
3) whatever strategy the firm develops, it is enhanced by the CSR filter, which identifies the
range of the strategies that is preferred.
Interplay of a firms structure, competencies, and strategy - ANSWERS -Structure: Organizational
design exists to support the strategy of the firm. the right structure is the one that best supports
the strategy.
Competencies: It is a combo of the core competencies together with core resources that form
the foundation for a firms long-term, sustainable advantage.
Strategy: The strategy acknowledges and strives for the vision and mission of a firm.
CSR Filter pt. 2 - ANSWERS -the filter is a conceptual screen through which strategic and tactical
decisions are evaluated for their impact on the firms various stakeholders. (adds additional
considerations into the decision mix)
The Market for CSR - ANSWERS -Firms that best reflect the current needs of their stakeholders
and anticipate how those needs will evolve over time will be more successful in the marketplace
over the medium to long term.
Answers6
Value-Based Business - ANSWERS -A for-profit firm that is founded on a vision and mission
based on social values and the other for principles listed in Conscious Capitalism.
Stakeholder Perspective - ANSWERS -Argues that CSR should be integrated into strategic
planning and day to day ops.
The rational argument of CSR is summarized by the Iron Law which is: - ANSWERS -That in a free
society discretionary abuse of societal responsibility leads, eventually, to mandated solutions.
CSR can affect the economic performance of the firm when formerly ______________ actions
evolve into ___________ considerations. - ANSWERS -Discretionary/Ethical
Walmarts global supply chain and growing international sales make it a living lab for CSR -
ANSWERS -It is the largest business on earth, measured in sales
The connection among a firms internal strengths and external opportunities is - ANSWERS -The
strategic axiom......
Strategic CSR helps bridge which two ideas - ANSWERS -maximize profits and society's right to
limit business
"in a democratic society, power is taken away from those who abuse it" - ANSWERS -The Iron
Law of Social responsibility
, CSR is... - ANSWERS -All of the above
The CSR Filter - ANSWERS -The CSR filter assesses the management's planned actions by
considering the impact of day to day tactical decisions and longer term strategies on the
organizations constituents.
Why a CSR filter - ANSWERS -A tactical or strategic decision that runs counter to stakeholder
interests can undermine the firms sustainable competitive advantage
Limitations of strategic decision making process - ANSWERS -1). A feasible strategy is limited by
the firms vision and mission, which are determined by leadership. 2) a firms structure and
competencies — organizational characteristics and competitive actions that aid the firm and set
it apart from competitors.
3) whatever strategy the firm develops, it is enhanced by the CSR filter, which identifies the
range of the strategies that is preferred.
Interplay of a firms structure, competencies, and strategy - ANSWERS -Structure: Organizational
design exists to support the strategy of the firm. the right structure is the one that best supports
the strategy.
Competencies: It is a combo of the core competencies together with core resources that form
the foundation for a firms long-term, sustainable advantage.
Strategy: The strategy acknowledges and strives for the vision and mission of a firm.
CSR Filter pt. 2 - ANSWERS -the filter is a conceptual screen through which strategic and tactical
decisions are evaluated for their impact on the firms various stakeholders. (adds additional
considerations into the decision mix)
The Market for CSR - ANSWERS -Firms that best reflect the current needs of their stakeholders
and anticipate how those needs will evolve over time will be more successful in the marketplace
over the medium to long term.
