What is Sustainability? Fighting Short-Termism Collaborating for Sustainability Sustainability and Innovation Chapter Vocabulary
100
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
100
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?
100
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?
100
Nike, with their single stranded shoe that cuts down on waste by 80%
What shoe company has taken sustainability seriously in the shoe industry?
100
A way of doing business that supports the LONG-TERM ecological balance of the environment.
What is Sustainability?
200
Increase in the global temperature and higher global sea levels
What are a few results of climate change?
200
A strategy that requires board members to have both relevant industry experience and a stake in the company.
What is ownership-based governance?
200
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)?
200
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?
200
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?
300
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
300
Focus on stakeholders, not just shareholders
What is the first strategy in fighting short-termism?
300
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?
300
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?
300
An excessive focus on short-term results, even at the expense of long-term interests and objectives.
What is short-termism?
400
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)
400
Convince Wall Street to change the rules.
What is the second strategy in fighting short-termism?
400
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?
400
1. Long term focus
2. Collaboration
3. Innovation

What are the 3 main factors of a sustainable business?
400
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?
500
The Alps, the Himalayas, the Andes, the Rockies, Alaska, and Africa
Where are a couple areas in the world that glaciers are retreating
500
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?
500
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?
500
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?
500
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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