CSR – NBC Institute

CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

Question

Richard and his wife, Rachael, have just retired as top-level managers from one of the biggest oil companies in the country. They have earned substantial personal wealth and have ample investments in several blue-chip companies. Rachael, a food technologist passionate about healthy living, convinced Richard to start a company to produce organic drinks and foods from only natural ingredients. She also suggested that the company adopt environmentally friendly manufacturing processes and consider the wellbeing of all employees and other stakeholders.

The primary reason for establishing the company is to fulfill a passion, build a sustainable, socially impactful business, and not aggressively pursue profit. Hence, both Richard and Rachael are happy to just break even initially and later record minimal profits.

As an expert in business ethics, you are required to:

(a) Identify the alternative ethical stances available to Richard and Rachael and the ones implied in the scenario. (4 Marks)

(b) Discuss Gray, Owen, and Adams’s classification of groups of people and their views of the relationship between business organizations and society. (14 Marks)

(c) Which of the classifications in (b) above is relevant to Richard and Rachael? (2 Marks)

Answer

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Tags: CSR, Environmental Responsibility, Ethical Stances, Social Contract, Stakeholder Obligations
Level: Level 2

Topic: Ethics in Business
Series: MAY 2023

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

Question

Wakanda Ltd is a listed multinational company which manufactures and sells fruit juice. Last year, Wakanda Ltd received criticism in the national press in Ghana and in other countries as a lot of customers were hospitalized after purchasing some of its fruit juice which was contaminated. This resulted in low patronage of its products and a huge fine by the Government.

The Board of the company believes in improving relationships with groups such as suppliers, customers, and employees in order to regain its reputation. It has come out with the following corporate social responsibility (CSR) initiatives in order to correct the shortfall in sales:

Paying all bills of hospitalized customers and reducing prices of the products for customers.
Sourcing high-quality raw materials from suppliers and providing suppliers with capital to produce more.
Using efficient processes and motivating staff to give their best.
Maintaining the highest standard of hygiene and complying with the standards issued by the Ghana Standards Board.

Required:
Assess the significance of the CSR stance taken by the Board.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Corporate Social Responsibility, Crisis Management, CSR, Stakeholder Relations
Level: Level 2

Topic: Business ethics
Series: MAY 2019

CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

Question

As an expert in business ethics, you are required to:

(a) Identify the alternative ethical stances available to Richard and Rachael and the ones implied in the scenario. (4 Marks)

(b) Discuss Gray, Owen, and Adams’s classification of groups of people and their views of the relationship between business organizations and society. (14 Marks)

(c) Which of the classifications in (b) above is relevant to Richard and Rachael? (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CSR, Environmental Responsibility, Ethical Stances, Social Contract, Stakeholder Obligations
Level: Level 2

Topic: Ethics in Business
Series: MAY 2023

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

Question

Paying all bills of hospitalized customers and reducing prices of the products for customers.
Sourcing high-quality raw materials from suppliers and providing suppliers with capital to produce more.
Using efficient processes and motivating staff to give their best.
Maintaining the highest standard of hygiene and complying with the standards issued by the Ghana Standards Board.

Required:
Assess the significance of the CSR stance taken by the Board.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ethics, Corporate Social Responsibility, Crisis Management, CSR, Stakeholder Relations
Level: Level 2

Topic: Business ethics
Series: MAY 2019

Question Tag: CSR

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CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

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CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

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CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

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CSME – May 2023 – L1 – SA – Q4 – Ethics in Business

Exploration of ethical stances and CSR implications for business startups with social goals.

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CSEG – May 2019 – L2 – Q4b – Business ethics

Assess the significance of Wakanda Ltd’s CSR stance in addressing the impact of a product contamination crisis.

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