BSNS111 QUESTIONS AND ANSWERS.Buy Quality
Materials!
The Maori Econmy & Enterprise
Te Ao Māori world view
Definition:Te Ao Māori is a holistic view central to Māori culture that highlights the
connections between all things—people, land, spirituality, and the environment.
Core Values:
Whanaungatanga: Valuing relationships and community.
Kaitiakitanga: Protecting the environment and preserving resources for future
generations.
Manaakitanga: Showing care and hospitality to others.
Kotahitanga: Promoting unity and recognizing that individual actions affect the
community.
Characteristics:
Prioritizes the well-being of the community over individual interests.
Defines success as the benefit to the whole community, including social, environmental,
and cultural aspects.
Advocates for sustainable practices that respect cultural heritage and natural resources.
Implications for Business:Māori organizations often focus on the well-being of all
stakeholders, measuring success by the positive effects on people and the
environment, not just profit.
This worldview supports decision-making that is balanced and community-centered.
How does the values-based approach of Māori enterprises influence the New
Zealand economy?
It emphasizes long-term sustainability, community-focused wealth distribution, and
intergenerational growth, contrasting with profit-centric models.
What does the growth and resilience of the Māori economy signify post-
colonization?
It represents a reclamation of resources, a shift toward self-determination, and a cultural
resurgence within New Zealand's economic sphere, strengthened by ongoing Treaty
settlements
How have Treaty settlements and bi-cultural frameworks impacted the Māori
economy?
They support Māori economic strength and promote sustainable development aligned
with Māori values, enhancing self-determination and cultural resurgence.
What was the Kingitanga movement, and what did it aim to achieve?
A Māori unification movement established in the 1850s to resist European land
encroachment, maintain Māori autonomy, and strengthen collective economic security.
What is the Anglo-American model of corporate governance?
It emphasizes shareholder primacy, where the primary goal of a corporation is to
maximize shareholder value, often at the expense of other stakeholders.
What are the main principles of the Circular Economy?
, The Circular Economy focuses on designing out waste and pollution, keeping products
and materials in use, and regenerating natural systems to create a restorative and
regenerative economic model.
How did Rogernomics impact New Zealand's business environment in the 1980s
and 1990s?
It led to increased competition through deregulation, privatization of state-owned
enterprises, reduced trade barriers, and more flexible labor markets, aligning with
capitalist principles of minimal government intervention.
Rogernomics increased competition, prioritized shareholder interests through
privatization and deregulation, but often overlooked stakeholder welfare like job
security and community impact.
What is the Social Contract model in relation to business?
The Social Contract model posits that businesses operate under an implicit agreement
with society, where they must balance profit-making with ethical responsibilities and
societal expectations.
What is the Doughnut Economy?
The Doughnut Economy, developed by economist Kate Raworth, envisions a model that
secures a "safe and just space for humanity" by balancing two key thresholds: a social
foundation to ensure all people have access to life's essentials, and an ecological
ceiling to prevent surpassing Earth's environmental limits. This model prioritizes
equitable resource distribution and sustainable practices, aiming to fulfill human needs
without compromising planetary health. By doing so, it offers a framework for a
sustainable economy that supports both human well-being and ecological stability.
The firm & internal stakeholders
Define the "good cause norm" in employment rights.
It is the belief that employees should only be dismissed for legitimate reasons.
What does "good faith" require from employers in New Zealand?
Employers must communicate openly, provide relevant information, and allow
employees a chance to respond to job-related decisions.
What is the main argument for workplace drug testing?
It helps ensure safety by reducing accidents and preventing risky behavior that could
endanger other employees.
Name a privacy concern associated with employee monitoring.
Employee monitoring can invade privacy, create stress, and lead to low morale.
What responsibilities do businesses have regarding employee health and safety?
Businesses are responsible for both physical and mental health, with HSWA including
mental well-being as part of workplace health.
List the four levels of strategy in strategic management.
Enterprise-level, corporate-level, business-level, and functional-level strategy.
How does strategic CSR differ from responsive CSR?
Strategic CSR aligns social impact with corporate strategy to reinforce competitiveness,
while responsive CSR mitigates social impacts reactively.
Name three ways firms intersect with society according to Lecture 9.
Through generic social issues, value chain social impacts, and social dimensions of
competitive context.
What is the "Bottom of the Pyramid" (BOP) concept in social entrepreneurship?
Materials!
The Maori Econmy & Enterprise
Te Ao Māori world view
Definition:Te Ao Māori is a holistic view central to Māori culture that highlights the
connections between all things—people, land, spirituality, and the environment.
Core Values:
Whanaungatanga: Valuing relationships and community.
Kaitiakitanga: Protecting the environment and preserving resources for future
generations.
Manaakitanga: Showing care and hospitality to others.
Kotahitanga: Promoting unity and recognizing that individual actions affect the
community.
Characteristics:
Prioritizes the well-being of the community over individual interests.
Defines success as the benefit to the whole community, including social, environmental,
and cultural aspects.
Advocates for sustainable practices that respect cultural heritage and natural resources.
Implications for Business:Māori organizations often focus on the well-being of all
stakeholders, measuring success by the positive effects on people and the
environment, not just profit.
This worldview supports decision-making that is balanced and community-centered.
How does the values-based approach of Māori enterprises influence the New
Zealand economy?
It emphasizes long-term sustainability, community-focused wealth distribution, and
intergenerational growth, contrasting with profit-centric models.
What does the growth and resilience of the Māori economy signify post-
colonization?
It represents a reclamation of resources, a shift toward self-determination, and a cultural
resurgence within New Zealand's economic sphere, strengthened by ongoing Treaty
settlements
How have Treaty settlements and bi-cultural frameworks impacted the Māori
economy?
They support Māori economic strength and promote sustainable development aligned
with Māori values, enhancing self-determination and cultural resurgence.
What was the Kingitanga movement, and what did it aim to achieve?
A Māori unification movement established in the 1850s to resist European land
encroachment, maintain Māori autonomy, and strengthen collective economic security.
What is the Anglo-American model of corporate governance?
It emphasizes shareholder primacy, where the primary goal of a corporation is to
maximize shareholder value, often at the expense of other stakeholders.
What are the main principles of the Circular Economy?
, The Circular Economy focuses on designing out waste and pollution, keeping products
and materials in use, and regenerating natural systems to create a restorative and
regenerative economic model.
How did Rogernomics impact New Zealand's business environment in the 1980s
and 1990s?
It led to increased competition through deregulation, privatization of state-owned
enterprises, reduced trade barriers, and more flexible labor markets, aligning with
capitalist principles of minimal government intervention.
Rogernomics increased competition, prioritized shareholder interests through
privatization and deregulation, but often overlooked stakeholder welfare like job
security and community impact.
What is the Social Contract model in relation to business?
The Social Contract model posits that businesses operate under an implicit agreement
with society, where they must balance profit-making with ethical responsibilities and
societal expectations.
What is the Doughnut Economy?
The Doughnut Economy, developed by economist Kate Raworth, envisions a model that
secures a "safe and just space for humanity" by balancing two key thresholds: a social
foundation to ensure all people have access to life's essentials, and an ecological
ceiling to prevent surpassing Earth's environmental limits. This model prioritizes
equitable resource distribution and sustainable practices, aiming to fulfill human needs
without compromising planetary health. By doing so, it offers a framework for a
sustainable economy that supports both human well-being and ecological stability.
The firm & internal stakeholders
Define the "good cause norm" in employment rights.
It is the belief that employees should only be dismissed for legitimate reasons.
What does "good faith" require from employers in New Zealand?
Employers must communicate openly, provide relevant information, and allow
employees a chance to respond to job-related decisions.
What is the main argument for workplace drug testing?
It helps ensure safety by reducing accidents and preventing risky behavior that could
endanger other employees.
Name a privacy concern associated with employee monitoring.
Employee monitoring can invade privacy, create stress, and lead to low morale.
What responsibilities do businesses have regarding employee health and safety?
Businesses are responsible for both physical and mental health, with HSWA including
mental well-being as part of workplace health.
List the four levels of strategy in strategic management.
Enterprise-level, corporate-level, business-level, and functional-level strategy.
How does strategic CSR differ from responsive CSR?
Strategic CSR aligns social impact with corporate strategy to reinforce competitiveness,
while responsive CSR mitigates social impacts reactively.
Name three ways firms intersect with society according to Lecture 9.
Through generic social issues, value chain social impacts, and social dimensions of
competitive context.
What is the "Bottom of the Pyramid" (BOP) concept in social entrepreneurship?
