Section C This section consists of one passage
followed by five questions. Read the passage carefully, and then answer each of
the questions in a maximum of 10 words. Remember to write the answers on the
answer sheet. Questions 56 to 60 are based on the following
passage.
Businesses Thrive on Transparency
Stakeholders scrutinize business activity.
Corporate transparency is changing the face of business. Consumers are now
armed with new tools to uncover information about business firms on matters
important to them. Corporations have no choice but to rethink their values and
behaviors. Several factors drive this trend. ●
The success of market economies and globalization: As market capitalism grows
globally, the competitive success of firms and nations depends on genuine
performance. ● The rise of knowledge work and business webs that
depend on openness and candor regarding business and production matters, as
opposed to firms’ knowledge, which remains in employees’ brains and
resources. ● The spread of communications technology, especially
the Internet, which challenges traditional business hierarchies by making
information pervasive, immediate, and impossible to control. ●
Demographics and the rise of the Net Generation: Young people today are more
aware of the world around them and have a stronger sense of civil values than
previous generations, mostly through technologies like the Internet.
● The rising global civil foundation: It’s becoming more difficult to get
away with bad behavior. The corporate world is responding by
behaving more responsibly; business integrity is on the rise--and not for just
legal or ethical reasons. It makes economic sense. Firms that exhibit ethical
values, openness, and candor have discovered that they can better compete and
profit. Furthermore, firms can’t hide their secrets, thanks to information and
communications innovations. Firms are transparent whether they want to be or
not, and many are opting to make themselves transparent to better serve their
shareholders and the public. The international banana company
Chiquita is a firm that has benefited from this transparency. Chiquita saved
itself from bankruptcy by becoming a transparent organization with more open,
honest, and straightforward communications with all its stakeholders.
Furthermore, a dramatic change in the company’s image occurred : Chiquita has
won several awards and is widely cited as a leader in corporate
responsibility. Transparency has resulted in a network of
stakeholders who scrutinize firms, with or without their knowledge. Firms that
don’t pay attention to this network open themselves to attack and can be
devastated or destroyed. Those that stay aware of constituent and community
values and behave accordingly can develop sustainable business models.
Other benefits of transparency include more successful business
partnerships and improved employee trust, resulting in lower costs, improved
quality, better innovation, and loyalty. Transparency will also bring about a
new breed of executive, one who has integrity, who leads by example, and who has
the courage to do the right thing. Transparency demands that the corporation
change, from paternalistic, inward-looking, and self-indulgent to engaged,
stakeholder focused, responsive, and responsible. Questions
What do young people sense more acutely than
previous generations
【参考答案】
Civil values(原文在导致这种趋势的第四个因素中提到,Young people today…have a st......