Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Forbes Magazine named Exxon Mobil “Green Company Of The Year” in 2009 for its focus on natural gas (as opposed to coal). However, in the same year, Exxon Mobil was lobbying heavily against the scientific consensus that climate change was occurring and that it was mainly caused by the burning of fossil fuels. If Exxon was was a benefit corporation , could shareholders sue its directors for the inconsistency?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Emerging Challenges and Avenues of CSR during Covid 19 Pandemic. Why should companies do more CSR during the Covid 19 Pandemic? Please write improper way.arrow_forwardFind an example of a company in Lithuania that engages in a Corporate Social Responsibility initiative. The company you select should be a domestic company to Lithuania, not just an office of an international company. Include a weblink to the company. What is the purpose of that company's initiative (what are they trying to accomplish). Classify the purpose of their initiative as either ethical (i.e., actions to make things "right"), environmental (i.e., actions to help preserve the natural environment), or social (i.e., actions to improve the lives of people). Justify your response. Describe what the company does for their initiative? Include an image of the initiative if one is available.arrow_forwardBased on the reporting in the article, "CSR Reaches a Tipping Point," the events of 2020, including the COVID-19 pandemic and the killing of George Floyd which highlighted social inequities, are seen as accelerating transformational changes in business in all of the following ways except: More than ever, businesses can gain a competitive advantage by touting their commitment to social causes Big businesses have recognized the need to support smaller, local enterprises Companies are increasingly joining forces to loby for social change More companies are giving employees a larger voice in determining their company's prioritiesarrow_forward
- New Harvest Coffee goes Beyond Fair Trade What're the benefits and drawbacks of treating coffee as a commodity in the marketplace? what will be the predicted future of fair trade? Should the entire coffee market be regulated? in what ways? How would New Harvest change as a business if it made an initial public offering?arrow_forwardBased on Carroll's CSR Pyramid and Stakeholder responsibility , apply the concept on the PWC 2023 Scandal ( sharing confidential information to private corporations for monetary gain)arrow_forwardhow electrical company cares for its employees, customers, suppliers, the community where it does business, and beyond. Describe its green initiatives and care for the environment, its philanthropic initiatives, and whether it does or does not adhere to laws where it does business, considering ethics and lawful behaviour, its history, and any pending litigation (lawsuits).arrow_forward
- https://www.australiancompetitionlaw.info/cases/currentarrow_forwardWhat ethical guidelines would you develop to support corporate governance best practices surrounding the CSR incident? incident is the wage issues at walmart (employees complain about being underpaid)arrow_forwardThis case explores the growth of Tesla Inc., and in particular, the role of government subsidies in the growth of the company’s electric cars sales. Tesla, which in addition to its electric cars is also involved in energy storage, lithium ion batteries and solar panel making, was founded in 2003. The Tesla Roadster rocketed Tesla into consumer consciousness in 2008. As the world’s first electric sports car, Tesla’s Roadster changed the way people perceived electric cars. Today, Tesla, which has assets of $25 billion and sales of more than $7 billion, employs more than 30,000 people. Today, more than 150,000 Tesla Model S vehicles have been sold. The Model S, a luxury sedan, is the world’s best-selling electric car after the Nissan Leaf. Tesla has gone on to introduce several other models including one with a base price of just $35,000. Electric cars sales have been particularly strong in Europe, where sales of electric cars have grown by 30 percent overall and, and as much as 80…arrow_forward
- 1. Environmental change is an ongoing challenge to organizations. True or false 2. When an organization goes beyond its legal and economic obligations to stockholders and takes action that provides greater benefit to society, it is demonstrating competitive advantage. true or falsearrow_forwardBefore responding to the questions below ask yourself the following: 1) is it true that “…doing what's best for society necessarily means sacrificing profits,” 2) are shareholders the only important and influential stakeholders in deciding how best to pursue corporate objectives, and 3) is government regulation, supplemented by self-regulation and civil society, the most effective way to strike a balance between profits and the public good? Based on your individual conclusions regarding the above, answer the following questions: Are profits and the general welfare basically incompatible? Why or why not? If you believe CSR requires the sacrifice of some amount of profit, what amount is appropriate? Is that amount the same for all firms in all industries? How should the CEO decide?arrow_forwardDo you think that pharmaceutical companies supported the passage of the federal drug labeling statute?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON