Question
1.Which of the following trends is a driver of Product Stewardship strategy in Hart and Milstein s (2013) Sustainable Value Framework? Consumption Connectivity Inequity Disruption
1.Which of the following trends is a driver of Product Stewardship strategy in Hart and Milstein s (2013) Sustainable Value Framework?
Consumption
Connectivity
Inequity
Disruption
2.Which one of the following is a good sustainability strategy by an organisation?
Apply smart decoupling approach
Engage with multiple stakeholders
Minimise or avoid consultation with staff
Focus on a pragmatic approach to achieve short-term financial goals
3."Rametwo Pty Ltd introduces a new initiative focusing on integrating stakeholder values into its business process." Which sustainability strategy is mainly used by the organisation based on Hart and Milstein s (2013) Sustainable Value Framework?
Sustainability vision
Growth trajectory
Product stewardship
Clean technology
4.What is a key characteristic of a sustainable enterprise? Select the most relevant answer.
Manages technological disruption
Builds its internal business process
Aims to achieve sustainable development
Maintains customer satisfaction
5.What should be the ultimate objective of the sustainability model of an organisation?
Enhance perceived corporate image
Bring about stakeholder value in the long-run
Reduce the level of carbon emissions in the long-run
Harmonise society in the long-run
6.What is a potential implication for an organisation not meeting its social contract?
The organisation could develop an overall better relationship with all of its stakeholders.
The organisation may find it difficult to obtain the necessary support and resources to continue operations.
The organisation is likely to receive positive recognition from the media and society.
The organisation has a greater flexibility to expand and grow more easily.
7."Bootha Foods is trying to improve its legitimacy status after one of its frozen chicken products is found to have been contaminated with a substance that is unsafe for consumption." Which action is not recommended to be performed by the company to reclaim its legitimacy?
Inform its stakeholders that the company opens a special communication and consulting service for consumers who may feel concerned by this incident.
Inform its stakeholders that the company feels that they have been victimised by consumers and food safety agencies who do not like their company's success.
Recall the product and offer refunds for customers who have purchased the product.
Inform its stakeholders that the company acknowledges the incident and that corrective and preventive actions have been taken.
8.What are the two branches of the stakeholder theory?
Positive and negative branches
Operational and managerial branches
Positive and ethical branches
Classical and post-modern branches
9.Social contract is the core notion of which theory?
Institutional theory
Legitimacy theory
Social contract theory
Isomorphism theory
10."Confu Pty Ltd decided to follow the strategies of Nopro Pty Ltd, another company in the same industry that is considered to have good sustainability strategies, since Confu was unsure about their company's sustainability strategies." What is the most relevant theoretical concept applicable to this situation?"
Normative isomorphism
Coercive isomorphism
Mimetic isomorphism
Decoupling
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