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ESCP Business School: CSR & Business Ethics (TBC), Class notes (incl. Summaries & Wrap-Up class), ISBN: 9780199697311 €15,49   In winkelwagen

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ESCP Business School: CSR & Business Ethics (TBC), Class notes (incl. Summaries & Wrap-Up class), ISBN: 9780199697311

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These class notes were taken in 2018 in the course called "Corporate Social Responsibility & Business Ethics" a Third Year Bachelor in Management course at ESCP Europe. The bundle of documents includes all sessions numbered from 1 to 10, including summaries and Wrap-Up classes. Each document includ...

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  • 23 september 2021
  • 23 september 2021
  • 5
  • 2018/2019
  • College aantekeningen
  • Prof. dr. kerstin alfes; prof. dr. rolf brühl
  • Alle colleges
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Beschikbare oefenvragen

Oefenvragen 33 Oefenvragen
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Enkele voorbeelden uit deze set oefenvragen

1.

What is Business Ethics?

Antwoord: 1) Business Ethics is a study of business situations, activities, decisions where issues of right & wrong are addressed 2) Ethics are principles, norms, standards of conduct governing an individual or group

2.

Where is the difference between Morality and Ethics?

Antwoord: Morality is concerned with norms, values, beliefs embedded in social processes which define right and wrong for an individual or community. However, Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for any given situation. (ie. Ethical Theories)

3.

In which sector is ethical misconduct the most overserved?

Antwoord: Government sector, followed by the business sector.

4.

What is the relevance of globalization for business ethics?

Antwoord: It can affect all stakeholders of the corporation

5.

What is the \"Bottom line thinking\"?

Antwoord: It suggests sustainability as a goal and a balance between the 3 dimensions: Economic, Social and Environmental

6.

What is the difference between 1) Legal status & ownership; 2) Independence; 3) Fiduciary responsibility; 4) Artificial person?

Antwoord: 1) Legal Status & ownership: essentially defined in terms of legal status & ownership of assets 2) Independence: Corporations are notionally owned by shareholders but exist independently of them 3) Fiduciary responsibility: managers & directors have fiduciary responsibility to protect the investment shareholders 4) Artificial persons: Corporations are typically regarded as artificial persons in the eyes of the law

7.

What are the three main arguments of Milton Friedman?

Antwoord: 1. Only human beings have a moral responsibility for their actions 2. It is the managers´ responsibility to act solely in the interests of shareholders 3. Social issues and problems are the proper province of the state rather than corporate managers

8.

What are the business and moral reasons for companies to have social responsibility?

Antwoord: Business reasons (enlightened self-interest) - Extra/more satisfied customers - Employees may be more attracted/committed - Forestall legislation - Long-term investment which benefits corporations - Manage risk/uncertainty - Maintain licence to operate Moral reasons - Corporations cause social problems - Corporations should use their power responsibly - All corporate activities have some social impacts - Corporations rely on the contribution of wide set of stakeholders in society, not just shareholders

9.

What are the 4 components of Carroll´s four-part model of corporate social responsibility?

Antwoord: 1) Philanthropic Responsibilities 2) Ethical Responsibilities 3) Legal Responsibilities 4) Economic Responsibilities

10.

What is the Stakeholder theory of the firm?

Antwoord: Edward Freeman: Stakeholder of an organisation is any group or individual who can affect, is affected by the achievement of the organisation´s objectives

CSR – Business Ethics Session 2 Sept. 2018

Definition of Corporation
Legal Status & ownership: essentially defined in terms of legal status & Can corporations be morally responsible for its actions?
ownership of assets Self-interest → evidence to suggest that legal designation of a corporation makes
Independence: Corporations are notionally owned by shareholders but exist it unable to be anything but self-interested
independently of them Decision structure → every organisation has a corporate internal decision
Fiduciary responsibility: managers & directors have fiduciary responsibility to structure which directs decisions in line with predetermined goals
protect the investment shareholders Organizational culture → all organisations manifest set of beliefs & values that
Artificial persons: Corporations are typically regarded as artificial persons in the lay out what is generally regarded as right or wrong in the corporation –
eyes of the law organizational culture

Social responsibility – critique of Milton Friedman Why do corporations have social responsibilities?

Business reasons (enlightened self-interest)
- Extra/more satisfied customers
- Employees may be more attracted/committed
- Forestall legislation
- Long-term investment which benefits corporations
- Manage risk/uncertainty
- Maintain licence to operate

Moral reasons
- Corporations cause social problems
- Corporations should use their power responsibly
- All corporate activities have some social impacts
- Corporations rely on the contribution of wide set of stakeholders in society,
Responsibility
not just shareholders

What is the nature of corporate social responsibilities?
- Includes economic, legal, ethical & philanthropic expectations placed on
organizations by society at a given point in time




1 | Seite

, CSR – Business Ethics Session 2 Sept. 2018

Carroll´s four-part model of corporate social responsibility Triple Bottom Line (Elkington)




Strategic model of CSR



CSR in an international context

CSR strong in US: Influence elsewhere is more recent/This is partly explained by
explicit vs. implicit CSR
Regional differences exist with respect to all CSR levels

- Economic Responsibility
Focus in US on shareholders, France as extensive responsibilities for employees,
India has tradition of investment in local community
- Legal Responsibility
State seen in Europe as key enforcer of rules, elsewhere government seen with CSR & Strategy: Corporate social responsiveness
more scepticism (corrupt, interfering with liberty) - Refers to capacity of corporation to respond to social pressures
- Ethical Responsibility - Philosophies or strategies of social responsiveness
Wide range of local ethical values & preferences: expectations vary 1. Reaction
- Philanthropic Responsibility 2. Defence
Europe tends to compel giving via legal framework, elsewhere (US, India, China), 3. Accommodation
companies are expected to share their wealth 4. Proaction

2 | Seite

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