Question 1

Which is not a step of strategic management?

Accepted Answer

A)  strategy evolution 
B)  environmental analysis 
C)  strategic control 
D)  brand management 
A)  strategy evolution 
B)  environmental analysis 
C)  strategic control 
D)  brand management D

Question 2

Focus on management sustainability is attention paid to the firm's triple bottom line, as well as a focus on more external issues, such as the survival and renewal of the overall economic system, social system, and ecosystem.
-What is a "benefit corporation?" Why do you think such an entity was created?

Accepted Answer

A benefit corporation is an entity created by law for the primary purpose of performing a social good. Unlike an ordinary corporation, its primary goal is not to make money for its shareholders, though it does seek to make money in order to fund its primary objective. To date, 12 states have authorized the creation of benefit corporations, and the trend is growing.

Question 3

Provide a short answer to each of these questions. Be sure to fully explain your answer.
-Describe some of the types of evidence that a firm displays enterprise-level strategic thinking.

Accepted Answer

The term enterprise-level strategic thinking is not widespread in the business community, although many firms do exhibit some of its characteristics. We can think of enterprise-level strategic thinking as giving thought, credence, and concern to the firm's role in its larger society, its core values, and it legitimacy in even existing. Some types of evidence of enterprise-level strategic thinking include closely-held, explicit core values, mission statements, statements of belief, existence of senior level committees to address issues of values and ethics, and effective public affairs offices.

Question 4

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-In what do value-based companies believe?

Accepted Answer

It has been argued that three basic orga

Question 5

The growth of Public Affairs in the U.S. has grown for all of these reasons EXCEPT:

Accepted Answer

A)  the growing magnitude and impact of government 
B)  the static nature of the political system 
C)  the growing recognition by business that it was being outflanked 
D)  the need to be more active in politics 
A)  the growing magnitude and impact of government 
B)  the static nature of the political system 
C)  the growing recognition by business that it was being outflanked 
D)  the need to be more active in politics

Question 6

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-Assume that you manage the public affairs office for a large American financial investment firm. Your company has decided to pay incentive bonuses to individuals for the number and volume of investment exchanges made. Using the knowledge that you have gained so far in this class (i.e., from all chapters and discussions), develop a policy on incentive bonuses for the firm's public affairs office.

Accepted Answer

First of all, students should recognize

Question 7

A systematic attempt to identify, measure, monitor, and evaluate a firm's performance with respect to its social efforts, goals, and programs is a(n)

Accepted Answer

A)  Triple Bottom Line audit. 
B)  environmental audit. 
C)  sustainability report 
D)  social impact statement. 
A)  Triple Bottom Line audit. 
B)  environmental audit. 
C)  sustainability report 
D)  social impact statement.

Question 8

The deeply ingrained principles that guide all of a company's actions and decisions are the firm's

Accepted Answer

A)  vision statements. 
B)  guiding lights. 
C)  core values. 
D)  mission statements. 
A)  vision statements. 
B)  guiding lights. 
C)  core values. 
D)  mission statements.

Question 9

The concept of enterprise-level strategy is the idea that best links

Accepted Answer

A)  ethics to performance. 
B)  strategy to performance. 
C)  public policy to performance. 
D)  ethics to strategy. 
A)  ethics to performance. 
B)  strategy to performance. 
C)  public policy to performance. 
D)  ethics to strategy.

Question 10

Social performance reporting should be isolated from other forms of assessment and reporting.

Accepted Answer

A) True 
 B)False

Question 11

____ level strategy attempts to integrate the firm's activities to accomplish its goals.

Accepted Answer

A)  Enterprise 
B)  Corporate 
C)  Business 
D)  Functional 
A)  Enterprise 
B)  Corporate 
C)  Business 
D)  Functional

Question 12

Sustainability reports help companies

Accepted Answer

A)  By disrupting their communications systems 
B)  Managing their finances 
C)  Isolating their performance 
D)  With their competitive positions 
A)  By disrupting their communications systems 
B)  Managing their finances 
C)  Isolating their performance 
D)  With their competitive positions

Question 13

Enterprise-level strategy and societal-level strategy are synonymous.

Accepted Answer

A) True 
 B)False

Question 14

Focus on management sustainability is attention paid to the firm's triple bottom line, as well as a focus on more external issues, such as the survival and renewal of the overall economic system, social system, and ecosystem.
-Why would a firm elect to perform a sustainability report, when it is not required? What benefits can accrue from a sustainability report?

Accepted Answer

If a firm utilizes a stakeholder view of

Question 15

The main idea behind corporate public policy is that

Accepted Answer

A)  a firm must give specific attention to issues in which basic questions of right, wrong, justice, fairness, or public policy reside. 
B)  a firm must look out for its own best interests. 
C)  a firm should have a say in setting the political direction of the country. 
D)  a firm should be able to influence public policy when it can. 
A)  a firm must give specific attention to issues in which basic questions of right, wrong, justice, fairness, or public policy reside. 
B)  a firm must look out for its own best interests. 
C)  a firm should have a say in setting the political direction of the country. 
D)  a firm should be able to influence public policy when it can.

Question 16

Value-based enterprises:

Accepted Answer

A)  avoid entanglement with stakeholders 
B)  actively seek out stakeholders and work cooperatively with them 
C)  publish a mission statement of their core values 
D)  do not engage in public affairs 
A)  avoid entanglement with stakeholders 
B)  actively seek out stakeholders and work cooperatively with them 
C)  publish a mission statement of their core values 
D)  do not engage in public affairs

Question 17

Which of the following is not a reason that the public affairs function grew in stature in the United States?

Accepted Answer

A)  the growing magnitude and impact of government 
B)  the changing nature of the political system 
C)  increased pressure to meet quarterly earnings projections 
D)  the increasing influence of competing interests 
A)  the growing magnitude and impact of government 
B)  the changing nature of the political system 
C)  increased pressure to meet quarterly earnings projections 
D)  the increasing influence of competing interests

Question 18

Three broad ways corporations intersect with society include each of the following except:

Accepted Answer

A)  generic social issues 
B)  value chain social impacts 
C)  strategic social integration 
D)  social dimensions of competitive context 
A)  generic social issues 
B)  value chain social impacts 
C)  strategic social integration 
D)  social dimensions of competitive context

Question 19

Some management scholars believe that the successful firms of the future will be those that can meet stakeholders' social expectations and investment advisors' financial expectations.

Accepted Answer

A) True 
 B)False

Question 20

Public Affairs activities and functions include all of these EXCEPT:

Accepted Answer

A)  community relations 
B)  public relations 
C)  public advertising 
D)  government affairs 
A)  community relations 
B)  public relations 
C)  public advertising 
D)  government affairs

Which is not a step of strategic management?

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe some of the types of evidence that a firm displays enterprise-level strategic thinking.

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -In what do value-based companies believe?

The growth of Public Affairs in the U.S. has grown for all of these reasons EXCEPT:

A systematic attempt to identify, measure, monitor, and evaluate a firm's performance with respect to its social efforts, goals, and programs is a(n)

The deeply ingrained principles that guide all of a company's actions and decisions are the firm's

The concept of enterprise-level strategy is the idea that best links

Social performance reporting should be isolated from other forms of assessment and reporting.

____ level strategy attempts to integrate the firm's activities to accomplish its goals.

Sustainability reports help companies

Enterprise-level strategy and societal-level strategy are synonymous.

The main idea behind corporate public policy is that

Value-based enterprises:

Which of the following is not a reason that the public affairs function grew in stature in the United States?

Three broad ways corporations intersect with society include each of the following except:

Some management scholars believe that the successful firms of the future will be those that can meet stakeholders' social expectations and investment advisors' financial expectations.

Public Affairs activities and functions include all of these EXCEPT:

The Business and Society Relationship.

Corporate Social Responsibility, Citizenship, and Sustainability.

The Stakeholder Approach to Business, Society, and Ethics.

Corporate Governance: Foundational Issues.

Risk, Issue, and Crisis Management.

Business Ethics Essentials

Managerial and Organizational Ethics.

Business Ethics and Technology.

Ethical Issues in the Global Arena.

Business, Government, and Regulation.

Business Influence on Government and Public Policy.

Consumer Stakeholders: Information Issues

Consumer Stakeholders: Product and Service Issues.

Sustainability and the Natural Environment.

Business and Community Stakeholders.

Employee Stakeholders and Workplace Issues.

Employee Stakeholders: Privacy, Safety, and Health.

Employment Discrimination and Workplace Diversity

Filters

Exam 5: Strategic Management and Corporate Public Affairs.

Which is not a step of strategic management?

Provide a short answer to each of these questions. Be sure to fully explain your answer. -Describe some of the types of evidence that a firm displays enterprise-level strategic thinking.

Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it. -In what do value-based companies believe?

The growth of Public Affairs in the U.S. has grown for all of these reasons EXCEPT:

A systematic attempt to identify, measure, monitor, and evaluate a firm's performance with respect to its social efforts, goals, and programs is a(n)

The deeply ingrained principles that guide all of a company's actions and decisions are the firm's

The concept of enterprise-level strategy is the idea that best links

Social performance reporting should be isolated from other forms of assessment and reporting.

____ level strategy attempts to integrate the firm's activities to accomplish its goals.

Sustainability reports help companies

Enterprise-level strategy and societal-level strategy are synonymous.

The main idea behind corporate public policy is that

Value-based enterprises:

Which of the following is not a reason that the public affairs function grew in stature in the United States?

Three broad ways corporations intersect with society include each of the following except:

Some management scholars believe that the successful firms of the future will be those that can meet stakeholders' social expectations and investment advisors' financial expectations.

Public Affairs activities and functions include all of these EXCEPT:

The Business and Society Relationship.

Corporate Social Responsibility, Citizenship, and Sustainability.

The Stakeholder Approach to Business, Society, and Ethics.

Corporate Governance: Foundational Issues.

Risk, Issue, and Crisis Management.

Business Ethics Essentials

Managerial and Organizational Ethics.

Business Ethics and Technology.

Ethical Issues in the Global Arena.

Business, Government, and Regulation.

Business Influence on Government and Public Policy.

Consumer Stakeholders: Information Issues

Consumer Stakeholders: Product and Service Issues.

Sustainability and the Natural Environment.

Business and Community Stakeholders.

Employee Stakeholders and Workplace Issues.

Employee Stakeholders: Privacy, Safety, and Health.

Employment Discrimination and Workplace Diversity

Filters