Corporate Social Responsibility (CSR) and Business Ethics - Quiz Notes PDF
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Summary
This document covers Corporate Social Responsibility (CSR) and business ethics, including frameworks, decision-making models, and Sustainable Development Goals (SDGs). There are potential multiple-choice and essay questions, and sample answers, to help learn the concepts. It is a good resource for students.
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**Corporate Social Responsibility (CSR)** ========================================= ### **Definition & Purpose** - - - ### **Key Concepts** - - - ### **CSR Frameworks & Models** 1. - - - - 2. - - - - 3. - - **Business Ethics** =================== ###...
**Corporate Social Responsibility (CSR)** ========================================= ### **Definition & Purpose** - - - ### **Key Concepts** - - - ### **CSR Frameworks & Models** 1. - - - - 2. - - - - 3. - - **Business Ethics** =================== ### **Ethical Decision-Making** - - - ### **Decision-Making Model** 1. 2. 3. 4. 5. 6. 7. **Sustainable Development & SDGs** ================================== ### **Sustainable Development Goals (SDGs)** - - ### **Examples of SDG Challenges in the Philippines** - - - - - ### **Business & SDGs** - - - - - **Environmental Sustainability & Business** =========================================== ### **Key Challenges** - - - - - ### **Sustainable Business Practices** - - - **Potential Multiple-Choice Questions** --------------------------------------- 1. - 2. - 3. - **Potential Essay Questions & Sample Responses** ------------------------------------------------ ### **1. Is CSR beneficial for businesses? Why or why not?** **Sample Answer:\ **CSR is beneficial for businesses as it enhances corporate reputation, builds customer loyalty, and attracts socially conscious investors. While some argue that CSR increases costs, companies that integrate sustainability into their business models often gain competitive advantages, reduce long-term risks, and tap into new market opportunities. For instance, Unilever\'s Sustainable Living Plan has led to business growth while reducing environmental impact. However, CSR efforts must be genuine, as failure to meet expectations can lead to public backlash and reputational damage. ### **2. How should businesses balance profit and social responsibility?** **Sample Answer:\ **Businesses should adopt a **triple bottom line approach** that considers **profit, people, and the planet**. This means making decisions that are financially viable while also being socially responsible and environmentally sustainable. For example, companies can use **eco-efficiency strategies** to reduce waste and lower costs while benefiting the environment. Additionally, investing in **employee well-being** can improve productivity and retention. Striking a balance requires long-term thinking, ethical leadership, and proactive stakeholder engagement.