What is Sustainability? | Fighting Short-Termism | Collaborating for Sustainability | Sustainability and Innovation | Chapter Vocabulary |
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True
True or False: the world is facing two significant challenges that heighten the need for sustainability: (1) climate change and (2) a limited supply of resources
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Short-termism is concerned with short-term results, at the expense of long-term harm
Short-termism is concerned with short-term results, at the expense of long-term harm Why is short-termism a looked down upon?
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False. The challenge of achieving global sustainability is not the responsibility of companies alone, but also governments, NGOs, universities and individual members of society. Sustainability id a challenge everyone faces.
Achieving global sustainability is the responsibility of companies alone. True or false?
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Nike, with their single stranded shoe that cuts down on waste by 80%
What shoe company has taken sustainability seriously in the shoe industry?
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A way of doing business that supports the LONG-TERM ecological balance of the environment.
What is Sustainability?
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Increase in the global temperature and higher global sea levels
What are a few results of climate change?
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A strategy that requires board members to have both relevant industry experience and a stake in the company.
What is ownership-based governance?
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the Sustainability Consortium (SC) is a collaboration of the world’s largest retailers, consumer products companies, non-government organizations (NGOs) and universities. They help companies reduce the detrimental impacts of their products on the environment and society.
What is the Sustainability Consortium (SC)?
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Scott's toilet paper with no cardboard roll in the middle.
What is a product that his disrupted the toiletries industry that we have talked about in class?
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They would have to produce goods and services with environmental benefits.
What would a company have to do to be considered a "clean economy" company?
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False
True or False: as a country's GDP grows so does the amounts of CO2 and other greenhouse gases it releases does not grow
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Focus on stakeholders, not just shareholders
What is the first strategy in fighting short-termism?
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1) money can be saved
2) having a better company reputation 3) can lead to a rise in their stock market value What benefits can be gained from having a sustainable business model? |
1. View compliance as an opportunity
2. Make Value Chains Sustainable 3. Design sustainable products and services 4. Develop new business models What are the 4 main factors of the competitive advantage that drives Sustainability and innovation? |
An excessive focus on short-term results, even at the expense of long-term interests and objectives.
What is short-termism?
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A Chief Sustainability Officer (CSO)
Companies are creating whole units to sustain their sustainability efforts. In many cases these efforts are being led by _______ (who)
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Convince Wall Street to change the rules.
What is the second strategy in fighting short-termism?
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1) develop product standards
2) share information to spark innovation 3)create a base of power to influence policymakers, suppliers, and buyers 4) spread costs and risk by sharing investments What are the goals of collaboration? |
1. Long term focus
2. Collaboration 3. Innovation What are the 3 main factors of a sustainable business? |
All the members of that board will have industry experience and have some stake in the company.
What is a benefit of having an ownership-based governance?
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The Alps, the Himalayas, the Andes, the Rockies, Alaska, and Africa
Where are a couple areas in the world that glaciers are retreating
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Get the board of directors to think long term.
Get the board of directors to think long term. What is the third strategy in fighting short-termism?
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To collaborate successfully with other organizations, businesses can conduct due diligence, develop a shared language, create entrance and exit strategies, and convince the board of directors of the need for collaboration.
How can businesses collaborate successfully when it comes to sustainability? |
Turning regulators into allies by going above and beyond the laws.
What drives companies to be the first mover in their industry to incorporate sustainable technologies?
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Limits on the availability of factors of production that reduce a company's ability to produce goods and services.
What are resource constraints?
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