Corporate Social Responsibility

Question 1

Ways an org can create value looking beyond traditional profit measures of revenue and expenses

Answer 1

Corporate Social Responsibility

Question 2

How has corporate social responsibility shifted?

Answer 2

As a strategic approach that is fully integrated into an org’s mission and core business strategies

Question 3

3 Stages of Corporate Social Responsibility

Answer 3

1. compliance
2. integration
3. transformation

Question 4

What occurs in the compliance stage of corporate social responsibility

Answer 4

defensive action, seen as a cost of doing business, rarely strategically aligned

Question 5

What occurs in the integration stage of corporate social responsibility

Answer 5

integrated into the regular functioning of the business, redesign processes to be more responsible and sustainable

Question 6

What occurs in the transformation stage of social corporate responsibility

Answer 6

org redefines self and brand to reflect commitment to corporate social responsibility, becomes part of strategy

Question 7

Critical issue for HR in social corporate responsibility

Answer 7

Determining where along the curve their org is at present, and what next steps are logical/feasible to move org to next phase

Question 8

Being in accordance with all national, federal, regional, or local laws, regulations, and government authority requirements for all the locations in which an org operates

Answer 8

Compliance

Question 9

Set of behavioral guidelines an org expects all leaders and employees to follow to ensure appropriate moral business standards

Answer 9

Ethics

Question 10

System of rules and processes an org puts in place to ensure its compliance with laws and ethical norms

Answer 10

Governance

Question 11

What is the foundation for ethical decisions?

Answer 11

Corporate social responsibility values

Question 12

Takes the long view, aiming at creating a business model, policies, and practices that meet the needs of the present without compromising the ability of future generations to meet their needs

Answer 12

Sustainability

Question 13

3 P’s of Sustainability

Answer 13

Planet (environment)
People (social)
Profits (economic)

Question 14

What does sustainability require in terms of an org’s value?

Answer 14

That it is defined by a broader definition of stakeholders - all those affected by the org’s social, economic, and environmental impact

Question 15

Triple Bottom Line

Answer 15

Environment and social costs and benefits generated by org should be considered in P&L statement

Question 16

What is triple bottom line the foundation for?

Answer 16

Measurement and public reporting of corporate social responsibility or sustainability performance by corporations

Question 17

Formal review of an org’s social and environmental policies and procedures

Answer 17

Social Audit

Question 18

Creating economic value in a away that creates value for society by addressing its needs and challenges

Answer 18

Shared Value

Question 19

6 Steps to implement a corporate social responsibility strategy

Answer 19

1. Executive commitment
2. Assessment
3. Infrastructure creation
4. Plan implementation
5. Measurement, reporting, and evaluation
6. Reassessment and revision

Question 20

Individual benefits employee volunteerism provides

Answer 20

Sense of recognition and skills employees gain

Question 21

Team benefits employee volunteerism provides

Answer 21

Teamwork and sense of camaraderie

Question 22

Org benefits employee volunteerism provides

Answer 22

Strengthening of corporate culture

Question 23

Business benefits employee volunteerism provides

Answer 23

Strengthening corporate reputation and brand

Question 24

Where must the process of creating an ethical environment begin?

Answer 24

With the org’s leaders