Lesson 5

Question 1

Is the obligation of an organization’s management to
make a decision and take actions that enhance the
welfare and interest of society as a whole.

Answer 1

SOCIAL RESPONSIBILITY

Question 2

Reason to do Business beyond Profit

Answer 2

Profit is an output, not a purpose.

Companies with a purpose beyond tend to make more money.

Business needs Purpose than Profit to make it Through.

What is the purpose of doing business if it is not being profitable? The
starting point of great companies is Purpose.

Question 3

Four Types of Purpose:

Answer 3

Discovery
Excellence
Altruism
Heroism-

Question 4

is rooted in intuition that life is a kind of adventure

Answer 4

Discovery

Question 5

implies standards and purports the belief that
excellent performance in our role in life represent the supreme
good.

Answer 5

Excellence

Question 6

is a purpose built in serving its customers in a way that
is beyond standard obligation.

Answer 6

Altruism

Question 7

demonstrate achievement, often with a charismatic and
visionary leader.

Answer 7

Heroism-

Question 8

Business program and standard for an Entreprises:

Answer 8

Responsible Business Conduct

Responsible Business Enterprise

Business Ethics Program

Question 9

Connecting and Building Trust

Answer 9

The Boundary Spanning Leaders

Question 10

Is an organization that applies commercial strategies to
maximize improvements in human and environmental
well- being.

Answer 10

Social Enterprise

Question 11

Three Factors which can frame the business
philosophy of a social enterprise

Answer 11

The extent to which it engages in ethical review of the goods and
services it produces, and its production processes.

The extent to which it defines its social purpose , and evidences its
social impact

The extent to which it democratizes ownership, management and
governance by passing control of its human, social, and financial
capital to its primary stakeholders.

Question 12

Three useful tips that are the backbone of the company:

Answer 12

Educate yourself

If your employees are happy, your business is happy

Be a conscious capitalist

Question 13

Are individuals with innovative solutions to society’s more pressing
social problems.

Find what is not working and solve the problem by changing the
system , spreading the solution, and persuading the entire societies to
move in different directions.

Present user-friendly , understandable, and ethical ideas that engage
widespread support in order to maximize the number of citizens that
will stand up , seize their idea, and implement it.

Answer 13

Social Entrepreneur

Question 14

Historical Example of Leading Social
Entrepreneurs

Answer 14

Susan B. Anthony

Vinoba Bhave

Dr. Maria Montessori

Florence Nightingale

John Muir

Jean Monnet