ethics (3)

• Triple Bottom Line (TBL)


  Model or framework of social responsibility that emphasizes creating economic value while addressing societal issues
• Stakeholder Theory


  Model that focuses on balancing the interests of various stakeholders
• Environmental, Social, and Governance (ESG) Framework


  Model of social responsibility that emphasizes considering the interests of employees, customers, suppliers, communities, and shareholders
• Legal but Socially Irresponsible


  Model where a company prioritizes short-term profits over long-term sustainability or stakeholder interests
• Proactive CSR


  Model that involves voluntarily addressing social and environmental issues before they become major concerns or legal obligations
• Illegal but Socially Responsible

  Model where a company might engage in activities that are technically illegal but are done to address pressing social or environmental issues
• Corporate Social Responsibility (CSR)


  Model that focuses on integrating social and environmental concerns into business operations and decision-making processes
• Environmental, Social, and Governance (ESG) Framework


  Evaluates companies on environmental impact, social responsibility, and corporate governance
• Shared Value


  Model that emphasizes aligning business strategies with societal needs to create economic value and positive social outcomes
• Illegal & Socially Irresponsible


  Model where a company disregards legal obligations and fails to address social and environmental concerns
• Triple Bottom Line (TBL)


  Model that involves evaluating company performance based on social, environmental, and economic dimensions
• Sustainable Development Goals (SDGs)


  Framework that focuses on achieving global development and sustainability
• Stakeholder Theory

  Model that emphasizes considering the interests and well-being of all stakeholders, including employees, customers, suppliers, communities, and shareholders
• Legal but Socially Irresponsible


  Model where a company might operate within legal boundaries but neglect its environmental impact
• Shared Value


  Model that focuses on creating long-term value for both the company and society by identifying business opportunities that generate positive social outcomes
• Business Beyond Profit Motivation


  Considering social and environmental impacts alongside profits
• The primary goal of a business enterprise is profit generation
• Social Enterprise

  Concept that combines business principles with a focus on social impact
• Social enterprise


  Aims for both financial sustainability and social impact, unlike a traditional business enterprise
• Social enterprises


  Create job opportunities and financial freedom, playing a role in poverty alleviation
• Businesses that prioritize social or environmental impact alongside profits can make a difference in communities by supporting education and healthcare programs
• Business enterprise


  Focuses on profitability only, unlike social enterprises that aim for both financial sustainability and a positive impact on society or the environment
• The primary objective of establishing and sustaining business enterprises beyond profit is addressing social and environmental issues
• Executives in urban areas are not typically associated with marginalized communities
• It is important for businesses to consider social and environmental impacts alongside profits to create a positive impact on society and the environment
• Businesses focused on social or environmental impact can have practical applications in communities by supporting education and healthcare programs
• Businesses that prioritize social or environmental impact alongside profits contribute to sustainability by using eco-friendly methods to reduce pollution
• Maximizing shareholder dividends is not a reason for establishing business enterprises beyond profit
• Social enterprises can impact marginalized communities positively by combining business principles with a focus on social impact
• The ultimate goal of businesses beyond profit motivation is creating a positive impact on society and the environment