Business Ethics and Financial Freedom Quiz

Define Clear Objectives: Identify specific, measurable, achievable, relevant, and time-bound (SMART) goals that the action plan aims to accomplish.

Conduct a Situational Analysis: Assess the current state of the business, including strengths, weaknesses, opportunities, and threats (SWOT analysis).

Develop Strategies and Tactics: Outline the strategies to achieve the objectives and the specific actions (tactics) required.

Assign Responsibilities: Designate team members responsible for each action item, ensuring accountability.

Establish a Timeline: Set deadlines for each action to maintain momentum and track progress.

Allocate Resources: Determine the resources needed, such as budget, personnel, and tools, and ensure they are available.

Monitor and Evaluate: Regularly review progress against the plan and make adjustments as necessary to stay on track.

What is the Economic Model in CSR?

• Business' sole duty is to fulfill economic functions.

• Focus on philanthropy and quality of life.

• Ensure fair treatment of all stakeholders.

• Reduce environmental impact.

What does the Philanthropic Model emphasize?

• Private initiatives for public good.

• Pursuing profit within the law.

• Ensuring fair treatment of stakeholders.

• Reducing environmental impact.

What is the focus of the Ethical or Stakeholder Model?

• Pursuing profit within the law.

• Ensuring fair treatment of all stakeholders.

• Private initiatives for public good.

• Reducing environmental impact.