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3M's 3P Program on Environmental Management
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3M's 3P Program on Environmental Management

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Questions and Answers

What is the result of the 3P program at 3M?

  • Reduction of 1.5 billion pounds of pollution at a savings of nearly US$3.5 billion
  • Elimination of 3.5 billion pounds of pollution at a savings of nearly US$1.5 billion (correct)
  • Reduction of 3.5 billion pounds of pollution at a cost of US$1.5 billion
  • Elimination of 1.5 billion pounds of pollution at a cost of US$1.5 billion

    • What is the key to the success of the 3P program at 3M?

  • External audits
  • Government regulations
  • Mandatory employee participation
  • Voluntary employee participation (correct)

    • What is the primary goal of Total Quality Environmental Management (TQEM)?

  • To improve a company's eco-efficiency by using continuous improvement processes (correct)
  • To increase production by using more efficient equipment
  • To reduce energy consumption by using renewable energy sources
  • To reduce costs by minimizing waste

    • What is the limitation of TQEM initiatives?

    <p>They are limited to enhancing the eco-efficiency of internal throughput systems</p> Signup and view all the answers

    What is the proposed extension of TQEM?

    <p>Total Quality Sustainability Management (TQSM)</p> Signup and view all the answers

    When was TQEM developed?

    <p>In the late 1980s</p> Signup and view all the answers

    What is the primary focus of the 'product as a service' model?

    <p>Providing a flow of services to customers</p> Signup and view all the answers

    Who pioneered the idea of leasing carpet instead of selling it to consumers?

    <p>Ray Anderson</p> Signup and view all the answers

    What is the main benefit of minimizing entropic throughput?

    <p>Delivering the same level of performance with reduced environmental impacts</p> Signup and view all the answers

    What is Jacquelyn Ottman's view on simply redesigning existing products to be more eco-friendly?

    <p>It is a basic business necessity</p> Signup and view all the answers

    What is the next stage of the innovation process according to Jacquelyn Ottman?

    <p>Eco or functional innovation</p> Signup and view all the answers

    What is the goal of 'eco or functional innovation'?

    <p>Developing new product concepts that perform the same function with significantly less impacts</p> Signup and view all the answers

    What is the primary goal of a successful BoP strategy?

    <p>To link both formal and informal economies in order to create mutual stakeholder value</p> Signup and view all the answers

    Who are the key collaborators in creating an inclusive business ecosystem according to BoP strategies?

    <p>Social entrepreneurs, NGOs, citizen service groups, governmental bodies, competitors, and development agencies</p> Signup and view all the answers

    What do BoP strategies aim to create for the poor?

    <p>Sustainable livelihood businesses</p> Signup and view all the answers

    What is the outcome of successful BoP strategies?

    <p>Increased economic capacity and employment</p> Signup and view all the answers

    What is the role of the poor in the BoP strategy?

    <p>Co-producers in the supply chain</p> Signup and view all the answers

    What do BoP strategies integrate to create an inclusive business ecosystem?

    <p>Wealth and technology of the formal economy with the indigenous expertise of the local population</p> Signup and view all the answers

    What is the primary goal of co-venturing in inclusive ecosystems according to Stuart Hart?

    <p>To creatively combine resources for new business ideas</p> Signup and view all the answers

    What is necessary for inclusive ecosystems to socially embed their BoP strategies?

    <p>Social capital</p> Signup and view all the answers

    How has the perception of the BoP market evolved since its introduction?

    <p>It is now viewed as a complex market of equal partners</p> Signup and view all the answers

    What is required to successfully implement BoP strategies?

    <p>Respect for BoP consumers as individuals</p> Signup and view all the answers

    What is the outcome of successful BoP strategies?

    <p>Conversion of poverty into an opportunity for all ecosystem members</p> Signup and view all the answers

    What is the primary benefit of co-creation in the BoP market?

    <p>Cocreation of value across the ecosystem</p> Signup and view all the answers

    What is a characteristic of a completely integrated company?

    <p>It owns all of its value-creating roles</p> Signup and view all the answers

    What is a vertically integrated company involved in?

    <p>Development, processing, and distribution</p> Signup and view all the answers

    What is an example of a company that is forward vertically integrated?

    <p>A company that manages other points in the supply chain</p> Signup and view all the answers

    What is a characteristic of Weyerhaeuser, a fully integrated firm?

    <p>It owns its forests, grows, cuts, and mills its timber, and distributes them to retail outlets</p> Signup and view all the answers

    What is the value added of Weyerhaeuser, a fully integrated firm?

    <p>100 percent</p> Signup and view all the answers

    What do companies that are backward vertically integrated do?

    <p>They integrate at the beginning of the supply chain</p> Signup and view all the answers

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