MGMT weekly reflections

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University of Guelph *

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3020

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Management

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Apr 3, 2024

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docx

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Uploaded by MinisterReindeerPerson346

You must use APA formatting for your answers including the use of in-text citations and referencing as needed. This includes using a title page, double-spacing times new roman (12pt), numbering pages, referencing sources properly both in-text and in the reference page, and using headings where appropriate to help with reading clarity and to identify which question you are answering. Pay attention to your spelling and grammar as you will be penalized as described in the marking rubric. Do not repeat the question as this will increase your Turnitin score. You will lose at least a format mark if you do not follow instructions. Week 1 Learning Reflection - Due Jan 15 Submission : Via Week 1 Learning Reflection Dropbox 1. Milton Friedman argued that "Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible" (Friedman, 1962, p. 133). Why is this argument no longer socially acceptable? - This argument is no longer socially acceptable due to the anti-CSR position that Friedman defended, would only be acceptable if all markets were perfectly competitive and if income distribution was equitable in the minimal sense where everyone plays the game, and if no endogenous changes in the preference of agents occur. The problem with this view is that it’s theoretically groundless and legally contradictory. The claim that a corporation should maximize its profits for its shareholders is devoid of legal meaning. 2. Briefly define the most important argument for CSR and critically reflect on why you think your choice is the most important. - Public expectations from businesses have changed. If businesses wish to remain in existence for a long term, it must respond to society’s needs and give society what it wants. This also piggybacks off of moral justification; firms have a moral duty towards society in which they operate. CSR is therefore driven by intrinsic motives such as moral rules and personal values. 3. Give a current example from Canadian society or businesses to support your reflection in question 2 (you will need to search the internet for an example) - Vancity is a company that is a value-based financial co-operative, based out of Vancouver. They use financial tools to help members build sustainable lives, businesses, communities and reducing their carbon footprint. Week 2 Learning Reflection - Due Jan 22 Submission : Via Week 2 Learning Reflection Dropbox 1. Make a list of the rights of a corporation and a separate list of its responsibilities. Which list is longer? Reflect on why that is?

- In the textbook there are links between individuals and organizational performance of responsible management. Chapter 5 mentioned that to fully comprehend CSR a person needs to understand the social responsibilities and rights of a corporation. There are rights that accompany the legal status of a corporation, as well the right to possess property, incur debts, sue or to be sued, and overall be fined by the federal government (Chandler, 2022). On the other hand, there are responsibilities that a corporation needs to achieve in order for their stakeholders to be happy. The main responsibility of corporations is to put their stakeholders first. Therefore the list of corporations rights is significantly longer than the corporate responsibilities. - 2. Refer to the Calton et al. (2013) reading. Reflect on which one of the three ‘communities of practice’ frameworks would be your preferred way to address the base of the pyramid (BOP). 3. Reflect on the UN SDGs and describe which one of the targets appeals to you and why? Week 3 Learning Reflection - Due Jan 29 Submission : Via Week 3 Learning Reflection Dropbox 1. Watch Michael Porter talk about how business can be good at solving social problems . Reflect on your one key take-away from this TedTalk? 2. Simon Zadek (2004) identifies the stages of learning that organizations go through in developing a sense of corporate responsibility (this is also discussed in Chandler, 2020, pp. 64-65 or Chapter 3 in the online version). Provide a critical reflection as to whether this is a useful way to describe organizational learning in the context of CSR. 3. Reflect on the University of Guelph as a provider of education. Use the principles of power, legitimacy, and urgency described by Mitchell et al. (1997) to describe who should be the dominant stakeholders in the firm. Week 4 Learning Reflection - Due Feb 5 Submission : Via Week 4 Learning Reflection Dropbox 1. Go to the Chris Houston's video and listen to him talk about the relationship between purpose, brand and culture . Reflect on your main take-away from this video? 2. Reflect on why corporations tend to choose profit maximization over profit optimization? 3. Explain why CSR is a competitive advantage according to Porter and Kramer (2006).

Week 5 Learning Reflection - Due Feb 12 Submission : Via Week 5 Learning Reflection Dropbox 1. Refer to Surroca et al. (2010). Assume that you are a retail or service small business in the Guelph area, reflect and explain which one of the intangibles (described by Surroca et al., 2010) would you choose to drive CSR? 2. Chandler (2020) describes “Thaler’s three principles of nudging” (p. 186). Reflect on how you would use these principles to drive CSR if you were a small business (profit or non-profit). 3. Reflect on how standards can drive an organization towards better accountability? (hint both Waddock (2008) and Chandler (2020) discuss this). Week 6 Learning Reflection Due Feb 19 Submission : Via Week 6 Learning Reflection Dropbox 1. Refer to Daddi et al. (2020). Reflect on what aspects of institutional theory affects a firm’s climate actions. (hint – you only need to read the abstract and conclusion) 2. In this unit’s readings, Chandler (2020) discusses four reasons that firms should care about sustainability. Reflect on which one you feel is the most important one and why? 3. Reflect on whether the generation of waste is a central driver of the global economy. Week 7 Learning Reflection - Due Mar 5 Submission : Via Week 7 Learning Reflection Dropbox 1. Reflect on why you would use the VRIO concept described by Chandler (2020, p. 224) to define the core competence of a firm. 2. Reflect on what variables need to be considered when you are applying a CSR filter to a firm’s strategy. 3. Reflect on what is meant by the ‘business-level CSR threshold’? Week 8 Learning Reflection - Due Mar 12 Submission : Via Week 8 Learning Reflection Dropbox

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1. Refer to Husted (2003) and reflect on what is meant by the concepts of centrality and specificity? 2. Reflect on one key difference between CSR governance (as defined by Husted, 2003) and corporate governance (as defined by Chandler, 2020). 3. Reflect on whether corporate philanthropy should be considered part of CSR? Week 9 Learning Reflection - Due Mar 19 Submission : Via Week 9 Learning Reflection Dropbox 1. Delivering on the UN Sustainable Development Goals "will have an impact on business - governments will introduce new policy, regulation, incentives and taxes to drive new behaviours". Identify one Sustainable Development Goal that your firm in the Group Case assessment should focus on, and why you chose that goal. 2. Explain what is the meaning of integrated reporting and give examples of how that could be used by firms (hint – what reporting framework has Chandler (2020) or Waddock (2008) suggested?). 3. Who (it can be a specific name or a position (s)/ role) have you identified in your Case Assessment client as responsible for the corporate governance of the organization? Week 10 Learning Reflection - Due Mar 26 Submission : Via Week 10 Learning Reflection Dropbox 1. How does your Case Assessment client define value creation and how is that the same or different from the definitions for value creation described by Chandler (2020). 2. Reflect on why is ‘strategic CSR’ a necessity for profit or not-for-profit organizations. 3. What is one reason why certain organizations promote SDG reporting more than others according to Rosati and Faria (2019)? Week 11 Learning Reflection - Due Apr 2 Submission : Via Week 11 Learning Reflection Dropbox

1. What is your key take-away from Julia Christensen Hughes interview in this unit (you need to listen to Julia speak in the video link in this Unit 06.1) and what resonates with you about it? 2. Reflect on what surprises you (or not) about Turner and Clifton’s (2009) perspective on the indigenous viewpoint about climate change? 3. Reflect on one of the important factors in developing a sustainability mindset according to Rimanoczy (2014). Week 12 Learning Reflection - Due Apr 7 Submission : Via Week 12 Learning Reflection Dropbox 1. Take some time to reflect on current social and environmental issues, prepare to search through the internet to look for answers and then with that frame of mind: 1. Go to the Sulitest.org website 2. Create an account using your uoguelph.ca email address 3. Do the test using the code provided by the instructor which will be provided to you via the announcements. 4. Once you input the code and complete the test you will be provided with the results of the test. 5. To receive full marks for completion of the test, cut and paste your profile results into the Week 12 Learning Reflection Dropbox along with your Week 12 Learning Reflection. For the Learning Reflection, you need to submit a 500-word reflection on your results (ex. if the survey was helpful or triggered any insights or desire to find out more about sustainability, if the results were easy to find on the web, etc.). You will be graded on both your submission and on your reflection (consider them as Q1 and Q2 on the rubric as Q3 will be a bonus mark).

MGMT weekly reflections

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