Authors
This author described corporate social responsibility using a pyramid with philanthropy at the top.
Who is Archie Carroll?
This term describes why one might be more likely to steal a can of Coke than a $1 bill.
What is psychological distance (from money)?
According to Carroll’s pyramid, this is the first and most basic step of CSR.
What is economic responsibility or making profits?
This level of management described by Carroll corresponds to Kohlberg’s “post-conventional” level.
What is Moral Management?
This ethical approach could describe the subprime mortgage industry as ethical because it increased the dignity and choice for more families to be able to freely purchase a home.
What is a Kantian “Rights” approach?
This author described the social responsibility of business as increasing profits and maximizing shareholder return.
Who is Milton Friedman?
For Friedman, this stakeholder has superior rights to the profits of a corporation.
What is a shareholder or owner?
This level of Prahalad’s pyramid represents individuals who have the MOST INDIVIDUAL spending power.
What is the Top of the Pyramid? (note - a shrinking market!)
Changing the behavior of this stakeholder is the goal of Mosaic in its effort to increase global food supplies via the use of its products.
What is customer behavior? (note - Mosaic's strategic goal is to educate and convince small plot farmers to want to purchase their crop nutrients)
This ethical approach would find the government’s failure to regulate derivatives unethical because of the negative impact on the economy and the outcome of mortgage foreclosures.
What is a Utilitarian approach?
This group of authors described the factors leading up to the 2008 financial crisis.
Who is the Financial Crisis Inquiry Commission?
This way to create shared value is also described by Prahalad.
What is Reconceiving products and markets?
This level of Kohlberg’s pyramid contains the interpersonal concordance and law-and-order stages.
What is the Conventional level?
This pharmaceutical company (mentioned in the video) has collaboratively partnered with Merck and the MDP to improve the health of stakeholders in developing countries by donating Albendazole along with Mectizan.
What is Glaxo-Smith-Kline?
This ethical explanation for Carroll's CSR would seek a fair balance between the duties to shareholders and the duties to customers, employees and members of the community.
What is a “Justice and Fairness” approach?
Sims & Brinkmann described how this author’s five mechanisms applied to the Enron case.
Who is Schein?
This legislation was passed as a result of the 2008 Financial Crisis.
What is the Dodd-Frank Act?
This level of Carroll’s pyramid is voluntary or discretionary.
What is the philanthropic level?
An example of unethical behavior in the FCIC’s report involving customers’ rights to free choice and transparency in the marketplace.
What is predatory lending of subprime mortgages?
Mortgage brokers who provided subprime loans to borrowers in order to make commissions without regard to the negative impact on those borrowers made decisions according to this stage (1 of 6) of Kohlberg’s theory.
What is the “instrumental-relativist” stage (Note - pre-conventional selfish level)
These two authors stated that a corporation’s actions to improve society should be through the creation of “shared value.”
Who are Porter and Kramer?
This complicated investment product was made up of pooled mortgage payments.
What is a collateralized debt obligation or CDO?
Which pyramid that we have studied represents population demographics and NOT stages or levels of activity?
What is Prahalad’s pyramid?
According to the McKinsey survey, this unhelpful behavior was described as the focus of leadership during the 2008 financial crisis.
What was monitoring individual performance?
These four categories of market participants make up the “securitization food chain.”
What are home buyers, lenders, investment banks, and investors?