Michael Porter and Mark Kramer's Notion of "Shared Value" Reconceptualises

question 4

Multiple Choice

Michael Porter and Mark Kramer's notion of "shared value" reconceptualises CSR (corporate social responsibility) by emphasizing:

• A)CSR as a value creating activity.
• B)CSR as a source of legitimacy for a company.
• C)CSR a means of transferring value from shareholders to less fortunate members of society.
• D)CSR as a counterweight to greed and amorality among managers and investors.

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Definitions:

No-action Condition

An experimental or control condition where no intervention is made, commonly used in research to measure the effect of not implementing a certain action.

Choice Architecture

The organization and presentation of choices in a way that influences the decision-making process of individuals.

Doorbusters

Special promotions offered by retailers to entice customers into stores, often involving highly discounted items available in limited quantities.

Black Friday

An annual shopping event the day after Thanksgiving in the United States, known for significant sales and discounts by retailers.