Corporate Sustainability Strategies Quiz

<p>Focusing exclusively on short-term financial gains. (C)</p> Signup and view all the answers

<p>Managing and balancing an enterprise's integration within ecological, social, and economic systems to create positive long-term impact. (D)</p> Signup and view all the answers

<p>To balance social, environmental, and economic interests in business operations, avoiding trade-offs between these spheres. (B)</p> Signup and view all the answers

<p>Widespread creation of sustainability professional positions. (C)</p> Signup and view all the answers

<p>Short-term revenue maximization. (B)</p> Signup and view all the answers

<p>It deals only with present implications and issues. (C)</p> Signup and view all the answers

<p>To highlight their interconnectedness and mutual influence, necessitating a holistic approach to sustainability. (B)</p> Signup and view all the answers

<p>To achieve a competitive advantage for the corporation. (A)</p> Signup and view all the answers

<p>Ethical and Responsible Leadership. (B)</p> Signup and view all the answers

<p>Ignoring sustainability in organisations (A)</p> Signup and view all the answers

<p>To encourage practical application of ethical decision-making in real-world scenarios. (A)</p> Signup and view all the answers

<p>To serve as an icebreaker and prompt students to start considering ethical decisions. (B)</p> Signup and view all the answers

<p>To expand on topics related to ethical theory, social impact measurement and sustainability strategy. (C)</p> Signup and view all the answers

<p>To identify and address ESG issues that contribute to the corporation's long-term goals within its competitive landscape. (A)</p> Signup and view all the answers

<p>They enable a proactive management of relevant expectations, allowing companies to address potential issues before they escalate. (D)</p> Signup and view all the answers

<p>Balancing commercial goals (profit maximization) against sustainability goals (responsible business conduct). (B)</p> Signup and view all the answers

<p>The conflicting goals must be addressed simultaneously, reflecting the integrated nature of sustainability (people, planet, profit). (C)</p> Signup and view all the answers

<p>They often perceive their task as very difficult and in the context of limited resources and support within an organisation, they may even find these tasks impossible to achieve (C)</p> Signup and view all the answers

<p>Aligning company strategic plans with available and potential resources. (B)</p> Signup and view all the answers

<p>Companies struggle to balance incorporating environmental and social costs (externalities) into their business models (internalisation) versus focusing only on internal financial performance (A)</p> Signup and view all the answers

<p>Sustainability professionals have to manage the tension of what measures they can be voluntary about versus what is legally mandatory. (D)</p> Signup and view all the answers

<p>Creating an environment where all perspectives are valued and participants feel safe to share. (B)</p> Signup and view all the answers

<p>Compromised ethical standards and unsustainable business practices. (A)</p> Signup and view all the answers

<p>Restraint and timing in sharing opinions to maintain a balanced dialogue. (A)</p> Signup and view all the answers

<p>Openly communicating the benefits and addressing concerns with practical solutions. (B)</p> Signup and view all the answers

<p>Incorporating sustainable practices into routine business functions. (B)</p> Signup and view all the answers

<p>Collaborating with the colleague to seek mutually agreeable alternatives that uphold ethical standards. (C)</p> Signup and view all the answers

<p>Damaging company reputation and fostering an unethical organizational culture. (B)</p> Signup and view all the answers

<p>By requiring participants to take a stand and be accountable for their arguments. (B)</p> Signup and view all the answers

<p>Tough choices require prioritizing business goals. (A)</p> Signup and view all the answers

<p>Incorporating sustainability complicates daily operations. (A)</p> Signup and view all the answers

<p>Ethical compromise undermines trust. (A)</p> Signup and view all the answers

<p>To prioritize efficiency and profitability. (A)</p> Signup and view all the answers

<p>Ethics should guide every decision. (C)</p> Signup and view all the answers

<p>To take notes and silently observe behaviors. (D)</p> Signup and view all the answers

<p>They think sustainability is an irrelevant concern. (B)</p> Signup and view all the answers

<p>Long-term success requires ethical integrity. (A)</p> Signup and view all the answers

<p>It establishes the norms and values that dictate acceptable behavior within the organization. (D)</p> Signup and view all the answers

<p>By incentivizing specific outcomes, such as 'billable hours,' which can lead to unethical practices if not properly managed. (D)</p> Signup and view all the answers

<p>Corporations possess agency and can be held accountable for their ethical behavior beyond the actions of individual members. (A)</p> Signup and view all the answers

<p>They can alter the cognitive process of the decision-makers depending on the context in which decisions are made. (B)</p> Signup and view all the answers

<p>National culture influences perceptions of what is considered legitimate behavior, affecting attitudes and societal norms. (B)</p> Signup and view all the answers

<p>They define what is considered right and wrong. (D)</p> Signup and view all the answers

<p>Cognitive moral development (C)</p> Signup and view all the answers

<p>Organisations' can act in a legally compliant manner, but still act unethically. (B)</p> Signup and view all the answers

<p>Through implementation of stock options. (D)</p> Signup and view all the answers

<p>Through the firms' norms and values. (A)</p> Signup and view all the answers

Managing an enterprise's impact on ecological, social, and economic systems for long-term benefits.

A business model where companies integrate social and environmental concerns into operations.

Moral principles that guide the way a business behaves and conducts itself.

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles.

Skills and knowledge required to effectively integrate sustainability into corporate strategies.

Conflicts arising when balancing social, environmental, and economic interests.

Leading with integrity and accountability, focusing on societal impact.

An interactive activity used to discuss ethical dilemmas in a group setting.

Choices made by a company that affect its long-term direction and competitive advantage.

The needs and interests of all parties affected by a company's actions, such as customers, employees, and communities.

The aspect of corporate strategy that focuses on long-term goals and sustainability practices.

Integrating sustainability into all organizational practices and decision-making processes.

Individuals responsible for promoting and implementing sustainability initiatives within companies.

An attribute that allows an organization to outperform its competitors.

Focuses on aligning ESG issues with long-term corporate goals.

Plans must utilize the resources a firm has or can develop.

Conflicts between shareholder and stakeholder interests in sustainability.

A framework that encompasses people, planet, and profit considerations.

Technical abilities needed to handle sustainability challenges.

Interpersonal skills necessary for teamwork and stakeholder engagement.

Addressing simultaneous goals of profit and sustainability.

Statements designed to facilitate group discussions on specific topics.

Incorporating eco-friendly practices in daily business operations.

Challenges managers face when implementing sustainability initiatives.

Principles governing short-term and long-term business decisions.

Managing competing interests between sustainability and business goals.

How participants interact and engage in discussions.

Key learnings from watching discussions without participating.

Ethically guiding an organization while considering societal impacts.

Integrating environmental and social considerations into management decisions for long-term success.

A discussion involving conflicting views about incorporating sustainability into business practices.

The tension between prioritizing profit and maintaining ethical standards in management decisions.

Leading a discussion by guiding participants to share their viewpoints on complex topics.

Individuals who silently note behaviors and discussion points without participating actively.

Evaluating the pros and cons of differing perspectives in a discussion context.

Methods used to enhance engagement, such as allowing students to take notes during discussions.

Characteristics of the decision-maker that influence ethical choices.

The level of reasoning an individual uses when faced with ethical dilemmas.

The recognition of ethical issues in decision making.

Contextual elements that affect ethical decisions.

A set of shared norms and values within an organization.

Systems designed to motivate ethical behavior among employees.

The societal norms and values that shape perceptions of right and wrong.

The framework set by an organization's values influencing decision-making.

Organizations act as single entities with agency beyond individuals.

Formal guidelines that dictate ethical standards within a corporation.