CSR/CSV
Increasing profitability, decreasing costs, cluster development
What are ways to create shared value?
A right action, according to utilitarians
What is the ends justify the means?
What is intrinsic value?
the process of conveying a false impression or providing misleading information about how a company's products are more environmentally sound.
What is greenwashing?
A thing has value “in itself,” or “for its own sake,” or “as such,” or “in its own right."
What is intrinsic value?
A company that uses CSR as a platform and has the tagline "one for one"
What is Toms?
The "father" of utilitarianism who's body is still wheeled in to meetings at the University College London
Who is Jeremy Bentham?
the two types of normative theory
What are deontological (Kantians and Libertarians) and teleological (utilitarians)?
the center of virtue ethics
What are habit and character?
the creator of the invisible hand
Who is Adam Smith?
A company from class that utilizes cluster development to ensure the long term sustainability of their business model
What is Stonyfield?
The case that a company decided to put a price on a human life to weigh the costs of fixing their product that they knew to be faulty
What is the Ford Pinto case? (commensurability problem)
So act “...that I could also will that my _____ should become a universal law.”
What is a maxim?
the founder of virtue ethics
the three inherent rights according to libertarians
What are life, liberty, and property?
A business model that will allow your company to maximise its revenues, while also offering benefits that add to the local community
What is creating shared value?
the three spaces of design thinking
What are inspiration, ideation, and implementation?
three parts of the categorical imperative
What are consistency, respect for persons, and the third formulation?
A good life for the person living it, according to Aristotle
What is Eudaimonia?
the main problem that caused the Wells Fargo scandal
What is the gr-eight initiative?
Who are Porter and Kramer (Harvard Business Review, 2011)
the three steps of utilitarian decision making
What are Identify the possible options, List the costs & benefits to all stakeholders. Chose the option with the best net benefit to all stakeholders.“The Greatest Good to the Greatest Number”
Kant would say that there should be a _____ vacation policy because _____.
What is unlimited because people are ends in themselves and deserve respect as people?
creator of stakeholder theory and the difference between shareholder theory
Who is Ed Freeman?
Milton Friedman created shareholder theory (maximize profits for shareholders) but Freeman proposes maximizing value for all stakeholders
an obligation for companies to act in the best interest of stock holders
What is fiduciary duty?