Sustainable Business Management and Society Interaction chapter 3
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Questions and Answers

What is a key consequence of discrimination and exclusion in society?

  • Decreased inequality
  • Promotion of diversity
  • Increased social thinking
  • Undermining of social sustainability (correct)

    • What does the definition of sustainable business management aim for?

  • Meaningful life for all human beings (correct)
  • Apathy towards excluded people
  • Financial value measurement
  • Exclusive society

    • According to Hofstede (1980), how is individualism defined?

  • Focus on personal autonomy and self-fulfilment (correct)
  • Concern for immediate family only
  • Emphasis on social duty
  • Reliance on government for identity

    • What has led to an increase in individualism globally according to a 2017 study?

    <p>Disasters and climate stress</p> Signup and view all the answers

    What are the consequences of individualism?

    <p>Higher ecological footprints</p> Signup and view all the answers

    What impact does social media have on Generation Y's mental health?

    <p>Increased pressure by norms and expectations</p> Signup and view all the answers

    What is one negative consequence of biased access to information on social media?

    <p>Narrower view on society</p> Signup and view all the answers

    What was GDPR a first attempt to regulate?

    <p>Data privacy</p> Signup and view all the answers

    How has the storage of data changed with digitalization?

    <p>Data is now stored everywhere thanks to the internet, smartphones, GPS</p> Signup and view all the answers

    What does sharing data often replace according to the text?

    <p>Payment for services</p> Signup and view all the answers

    What is a common consequence of clicking 'agree' in pop-ups without reading the terms?

    <p>Potential exploitation of personal data</p> Signup and view all the answers

    What does the Gini coefficient measure?

    <p>The level of income inequality in a country</p> Signup and view all the answers

    What is the main focus of the Kuznets curve?

    <p>Creating a stable economy and legal foundation</p> Signup and view all the answers

    How is wealth different from income?

    <p>Income is earned in a certain period, while wealth is the accumulation of valuable economic goods over time</p> Signup and view all the answers

    What did Vilfredo Pareto's observation lead to?

    <p>Pareto's principle: 80% of the outcomes are driven by 20% of the efforts</p> Signup and view all the answers

    How does inequality influence employees?

    <p>It leads to a more stable workforce</p> Signup and view all the answers

    What does VUCA stand for in the context of social challenges?

    <p>Volatility, Uncertainty, Complexity, Ambiguity</p> Signup and view all the answers

    What is one of the consequences of inequality on democracy?

    <p>Campaigning becomes more expensive for wealthy individuals</p> Signup and view all the answers

    What is a specific form of inequality mentioned in the text?

    <p>Discrimination based on gender</p> Signup and view all the answers

    What does the Kuznets curve suggest about the development of a country?

    <p>Basic needs need to be taken care of before resources and time can be spent on ecological products and services</p> Signup and view all the answers

    What did Piketty state about households in developed countries?

    <p>'The ones that have access to labour, capital and nature'</p> Signup and view all the answers

    Why are EU countries generally more equal than US and Russia?

    <p>Because of strong democracies and a particular type of economy.</p> Signup and view all the answers

    What did Lorenz Curve measure?

    <p>Measures inequality so we can compare inequality in different countries.</p> Signup and view all the answers

    What is the primary responsibility of HRM in a company?

    <p>Maximizing profit through employee selection and development</p> Signup and view all the answers

    What is the focus of Green HRM?

    <p>Developing employees' ecological awareness and behavior</p> Signup and view all the answers

    Which type of HRM ensures that HRM decisions can have a negative impact on employees outside the company?

    <p>Common Good HRM</p> Signup and view all the answers

    What does Sustainable HRM acknowledge?

    <p>There is a tension between financial value and other types of value</p> Signup and view all the answers

    What is the focus of Triple Bottom Line HRM?

    <p>Balancing economic, environmental, and social goals</p> Signup and view all the answers

    What is the primary outcome of people's performance under the softer HRM approach?

    <p>Enhanced employee performance through trust, cooperation, well-being, and relationship management</p> Signup and view all the answers

    What is the goal of Common Good HRM?

    <p>Taking a broader, outside-in approach</p> Signup and view all the answers

    What is the main characteristic of Green HRM?

    <p>Primarily addresses ecological sustainability, less emphasis on social value</p> Signup and view all the answers

    What does Triple Bottom Line HRM emphasize?

    <p>Balancing maximizing economic profit with sustainability goals</p> Signup and view all the answers

    What is the focus of Socially Responsible HRM?

    <p>Aims to give back to society or compensate for harm</p> Signup and view all the answers

    What is the requirement of Sustainable HRM?

    <p>Involvement in company's strategic decision making</p> Signup and view all the answers

    What is the main focus of Common Good HRM?

    <p>Aims to address major societal challenges</p> Signup and view all the answers

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