An Effective Way of Getting Team Members Committed to the Consensus

question 2

True/False

An effective way of getting team members committed to the consensus decision is to ensure that their voices have been heard.

Recognize the arguments for and against corporate social responsibility.

Identify the role of businesses in societal and environmental issues.

Comprehend the relationship between ethical business practices, profitability, and social responsibility.

Understand the impact of whistleblowing in enforcing corporate accountability.

---

Definitions:

Interest Rate

The amount of money paid for the use of borrowed funds.

Legal/Regulatory

Pertaining to laws, regulations, and legal standards that govern the operations, actions, and compliance requirements of individuals and organizations.

Generic Competitive Strategies

Frameworks proposed by Michael Porter that describe three potential strategies to achieve a sustainable competitive advantage: cost leadership, differentiation, and focus.

Competitive Advantage

A scenario or element that positions a business in a stronger or more favorable spot relative to its competitors.