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97 questions and answers about the book Principles of Business &
Management: Practicing Ethics, Responsibility, Sustainability by Oliver
Laasch 3rd edition 2024.We made this list as a study group to prepare for the exam. They go from general and easy to more complex. Really handy to understand the book better and prepare optimally for the exam.
Section 1: Foundations of Responsible Management
- What are the three pillars of responsible management highlighted in the
- How does the book define responsible management? 2 / 3
book?Ethics, Responsibility, and Sustainability (ERS).
As management that integrates ethical practices, social responsibility, and sustainability into business strategies and operations.
- What role do the UN's Sustainable Development Goals (SDGs) play in
- Why is stakeholder engagement critical in responsible management?
- What is the importance of the triple bottom line in sustainability?
business management?They serve as a framework for aligning business strategies with global priorities for sustainable development.
It ensures businesses address the needs and concerns of all parties impacted by their operations, promoting trust and long-term success.
It emphasizes balancing profit, people, and the planet to achieve holistic success.
Section 2: Ethics and Corporate Governance
- What is the relationship between ethics and corporate governance?
- What is greenwashing, and why is it harmful?
- Name one ethical dilemma discussed in the book and its resolution.
Ethics ensures accountability and transparency in governance, fostering stakeholder trust.
Greenwashing is falsely portraying a company as environmentally friendly, undermining trust and true sustainability efforts.
The use of AI in hiring processes: It suggests transparent algorithms and
regular audits to prevent bias.
- What is the role of leadership in ethical decision-making?
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Leaders set the tone for ethical behavior by modeling integrity and accountability.
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