Business Ethics Ethical Decision Making Expert Video Case 2

According to Mark Tercek, which type of companies would be suitable partners on conservation initiatives promoted by The Nature Conservancy?

All of these

Which stakeholder groups does CEO Mark Tercek identify as potential partners in advancing environmental causes?

Businesses, governments, environmental groups

The decision to develop an environmental effort inside the Goldman Sachs organization is an example of:

Corporate citizenship

When the panel mentions investments that are "good for business and the environment at the same time," they are making the point that social responsibility efforts must accomplish a company's:

Economic and philanthropic responsibilities at the same time

Businesses that partner with The Nature Conservancy to address conservation and the environment are attempting to meet:

Philanthropic responsibilities

The idea that businesses might partner with outside stakeholders to address environmental concerns is a concept related to:

Social responsibility

Which of the following arguments against corporate social responsibility is discussed in the clip?

Social responsibility efforts increase costs and thus threaten the firm's ability to maximize shareholder value

Based on the discussion shown in this clip, the panelists' view of corporate citizenship is congruent with following historical perspective:

The stakeholder model

According to Nature Conservancy CEO Mark Tercek, why should companies invest in environmental causes?

a. Because it will help them be better stewards of the natural resources businesses need