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WorksheetsCreating Shared Value
Total questions: 20
Worksheet time: 20mins
Regarding stakeholders:
They are the same for all organizations.
The only relevant stakeholder is the shareholder.
Competitors cannot be considered stakeholders.
All alternatives are wrong.
If a group is affected by one organization's strategies and actions:
Maybe it is a stakeholder.
Can be considered a stakeholder if it also affects the
organization´s strategies.
The organization should consider paying attention to it.
All alternatives are correct.
M. Friedman´s ideas on the purpose of a business:
Are still valid in the 21st century.
Are no longer valid in the 21st century.
Are not focused on creating value for shareholders.
All alternatives are wrong.
When identifying who the stakeholders of an organization are:
One should ask if they are key to its performance.
The stakeholder´s objectives are not necessary.
Awareness of the stakeholders´ objectives is not essential.
All alternatives are correct.
When classifying stakeholders:
According to the impact of their actions, they can be primary.
All are primary stakeholders.
All the stakeholders have the same profile.
It´s not essential to consider the industry the organization is in.
Contemporaneous approach to business purpose:
Emphasizes profits above anything else.
Emphasizes creating value for all stakeholders.
Arguments that profit isn’t important.
Put shareholders above all other stakeholders.
Managing using the carrot and the stick has to do with:
Incentives and punishments in the old style of management.
Using business to feed poor people and avoid violence.
Tools business managers correctly use to achieve results.
All alternatives are correct.
In the current-contemporaneous world of business ideas, purpose is:
A new line of business firms should consider implementing.
Related to the difference a firm is trying to make in a society.
Pampering employees, regardless of profits.
Pampering all stakeholders, regardless of profits.
According to Porter and Kramer (2011), usually, businesses with a clear purpose:
Have high productivity and excel in their industries.
.
Usually don’t have higher productivity than competitors.
Usually don’t have employees that are happier than competitors’.
All alternatives are wrong.
According to Porter and Kramer (2011) ideas, shared value:
Is not connected to competitive advantage.
Competitive advantage is achieved by making shareholders happy.
Shared value and redistribution approach are the same.
Expands the total pool of economic and social value.
According to Porter and Kramer (2011), the concept of shared value focuses on:
The connections between the war in Ukraine and in Israel.
The connections between societal and economic progress.
The connections between free lunch and paid lunch.
All options are wrong.
According to Porter and Kramer (2011), shared value has the power to unleash the:
Next wave of tech companies.
Next wave of inflation rise.
Next wave of global growth.
All alternatives are correct.
According to Porter and Kramer (2011), three key ways companies can create shared value opportunities are:
By reconceiving products and markets.
.
By redefining productivity in the value chain.
By enabling local cluster development.
All alternatives are correct.
According to Porter and Kramer (2011), shared value can be defined as:
Policies and operating practices that enhance the competitiveness of a business.
Policies and operating practices that advance the economic and social conditions in the communities a company operates.
Both alternatives are correct.
Both alternatives are wrong.
According to Porter and Kramer (2011), addressing societal concerns can yield:
Investments in a wellness program for a firm.
Employee absences and lost productivity to a firm.
Productivity benefits to a firm.
All alternatives are correct.
According to Porter and Kramer (2011), shared values and Corporate Social Responsibility (CSR):
Are the same.
Focus mostly on reputation.
Differ, as CSR has only a limited connection to the business.
All alternatives are wrong.
According to Porter and Kramer (2011), one or several examples of shared value are:
Fairtrade purchasing.
Citizenship, philanthropy, and sustainability.
Transforming procurement to increase quality and yield.
All alternatives are correct.
According to Porter and Kramer (2011), the connection between firms and their communities' success:
Has been enhanced in an age of narrow management approaches.
Has been lost in times of short-term thinking.
Has been enhanced in times of capital markets pressing firms to generate short-term profits.
All alternatives are wrong.
According to Porter and Kramer (2011), capitalism imbued with a social purpose:
Is a more backward form of economic system.
Carries a deeper understanding of competition and economic value creation.
Should arise out of charity.
All alternatives are correct.
According to Porter and Kramer (2011), regarding societal issues, businesses:
Have always approached them from a value perspective
Have always treated them as core matters.
Behavior has obscured the connections between economic and social concerns.
All alternatives are correct.
