Industrialization and Neoliberalism Quiz

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Questions and Answers

Which of the following best describes the core principle of Fordism?

  • Focusing on small-scale production for niche markets.
  • Emphasizing flexible manufacturing processes with frequent model changes.
  • Prioritizing skilled labor and customized products.
  • Achieving high productivity through standardized output, assembly lines, and deskilled labor. (correct)

How has connectivity and the Internet of Things (IoT) primarily affected the global supply chain?

  • By increasing speed, efficiency, and reducing costs. (correct)
  • By increasing costs and reducing efficiency.
  • By making it more difficult to track and trace goods.
  • By slowing down delivery times and complicating logistics.

What is a key tenet of neoliberalism?

  • State-led development with protectionist trade policies.
  • Free trade, privatization, minimal government intervention in business, and reduced public expenditure on social services. (correct)
  • Extensive government intervention in business and increased public spending on social services.
  • Centralized economic planning and nationalization of key industries.

According to the Ecological Kuznets Curve (EKC) hypothesis, what typically occurs during early industrialization?

<p>Economies use material resources more intensively. (D)</p> Signup and view all the answers

What is a key difference between early and later stages of industrial development?

<p>Early stages are characterized by environmentally damaging and socially unfair practices, while later stages see improvements in these areas. (A)</p> Signup and view all the answers

Which of the following is a critique regarding the Ecological Kuznets Curve (EKC) hypothesis?

<p>The material saturation level of developed societies is far from sustainable if they continue the same level of consumption. (D)</p> Signup and view all the answers

What does the post-material value theory suggest about the relationship between wealth and environmental concern?

<p>Wealthier societies can typically afford to be more concerned about the environment compared to less wealthy ones. (D)</p> Signup and view all the answers

What does the ecological modernization theory primarily state?

<p>Environmental problems can be solved through technological innovations and economic growth. (B)</p> Signup and view all the answers

What is the primary aim of Fordism in manufacturing?

<p>To increase productivity by standardizing the output, using conveyor assembly lines and breaking work into small, deskilled tasks. (B)</p> Signup and view all the answers

When is environmentalism more likely to emerge, according to the text?

<p>When societies become wealthier and basic needs are met. (C)</p> Signup and view all the answers

What does 'competitive advantage' mean in the context provided?

<p>A firm's ability to secure some form of superiority over competitors by offering greater value to customers. (C)</p> Signup and view all the answers

What is one of the main consequences of neoliberalism concerning environmental problems?

<p>It assumes market-based solutions alone will solve environmental problems, without guaranteeing sustainable consumer choices. (A)</p> Signup and view all the answers

What is the role of knowledge management (KM) for an organization?

<p>To create, gather, transform, and apply knowledge to achieve organizational aims. (A)</p> Signup and view all the answers

Which of the following is NOT a major activity included in the KM framework?

<p>Implementing environmentally friendly practices (D)</p> Signup and view all the answers

What is the main purpose of firms securing and applying valid and reliable information?

<p>To address contemporary issues such as ignorance, lack of capability, and lack of action. (A)</p> Signup and view all the answers

According to the document, what is a way an organization can use to improve its knowledge management?

<p>Learn from the best practices of other organizations. (B)</p> Signup and view all the answers

What is the primary mechanism of the greenhouse effect?

<p>Re-radiation of thermal energy by the atmosphere back towards the surface. (A)</p> Signup and view all the answers

In the context of climate change mitigation, what is the primary goal of joint implementation?

<p>To allow industrialized states to share emission reduction credits through specific projects. (B)</p> Signup and view all the answers

What is the core principle behind 'emissions trading'?

<p>The exchange of emission allowances between countries. (C)</p> Signup and view all the answers

What is the main purpose of the Clean Development Mechanism (CDM)?

<p>To finance greenhouse gas reduction projects in other countries to help meet emission targets. (A)</p> Signup and view all the answers

What type of action is 'waste disposal' in the context of environmental impact?

<p>A direct action that can cause environmental damage. (B)</p> Signup and view all the answers

The Kyoto Protocol is best described as an agreement that primarily focuses on which initiative?

<p>Carbon pricing and subsidies, setting emission targets and establishing carbon trading schemes. (C)</p> Signup and view all the answers

What is the underlying principle of emissions trading?

<p>Countries can trade and purchase allowances to meet their emission targets. (C)</p> Signup and view all the answers

What is the expected outcome of thermal radiation absorption in the atmosphere, related to the greenhouse effect?

<p>An elevation in the average surface temperature. (D)</p> Signup and view all the answers

What is the primary aim of Continuing Professional Development (CPD)?

<p>To enable individuals to take charge of their own learning through action and reflection. (A)</p> Signup and view all the answers

Which of the following best describes 'radical transparency' as a driver for environmentally sustainable HR models?

<p>A complete and open access to data regarding an organizations environmental impact. (A)</p> Signup and view all the answers

What is one of the key purposes of the UN Principles for Responsible Management Education (PRME)?

<p>To develop student capabilities for creating sustainable value in business and society. (D)</p> Signup and view all the answers

Which of the following is NOT a contextual driver influencing the social ecology of an organization?

<p>Decreasing market share (B)</p> Signup and view all the answers

According to the UN Principles for Responsible Management Education (PRME), what role should research play?

<p>To examine the impact of corporations on sustainable value creation. (D)</p> Signup and view all the answers

Within the context of PRME, why is 'dialogue' considered important?

<p>To promote a discussion and debate on global social responsibility and sustainability. (B)</p> Signup and view all the answers

How does HRM's role support Continuing Professional Development (CPD)?

<p>By offering learning and training possibilities to their employees. (D)</p> Signup and view all the answers

Which of these is intended to be transformed by the UN PRME?

<p>Management Education (B)</p> Signup and view all the answers

Which of the following is NOT identified as a key characteristic of sustainability leadership?

<p>Financial prudence (A)</p> Signup and view all the answers

What is a 'green job' primarily focused on?

<p>Contributing to a sustainable society and low carbon economy (D)</p> Signup and view all the answers

Which factor is NOT identified as a driver for the changes in demand for skills and employment?

<p>Increased marketing spends (A)</p> Signup and view all the answers

What is a key characteristic of 'Visionary champions' as eco-entrepreneurs?

<p>They aim to transform the world based on sustainable values. (B)</p> Signup and view all the answers

Which type of eco-entrepreneur is most likely to be influenced by past experiences and often found in alternative-style businesses?

<p>Ethical mavericks (D)</p> Signup and view all the answers

What best describes the main focus of an 'ethica/ maverick' in terms of their business practices?

<p>To establish a successful business that aligns with environmentally sustainable values. (D)</p> Signup and view all the answers

According to the provided text, what is the primary motivation of 'ad hoc enviropreneurs'?

<p>To be financially successful. (C)</p> Signup and view all the answers

What is the significance of the increased acceptance of sustainability principles in international agreements and legislation?

<p>It indicates increasing global recognition of sustainability. (A)</p> Signup and view all the answers

What does a sustainable business model emphasize in regards to operations?

<p>Considering the entire supply chain's bottom line. (B)</p> Signup and view all the answers

Which principle is NOT part of The Natural Step (TNS) framework for sustainability?

<p>Economic growth as the primary goal. (A)</p> Signup and view all the answers

What is the primary purpose of an eco-label?

<p>To confirm a product meets environmental performance criteria. (B)</p> Signup and view all the answers

The ABCD analytic framework does NOT include which of the following phases?

<p>Development. (D)</p> Signup and view all the answers

Which statement describes a corporate sustainability report?

<p>It can be analytic and focus on elements rather than their interaction. (A)</p> Signup and view all the answers

Why are networks and sharing important for businesses addressing sustainability?

<p>They help businesses collaboratively tackle complex, interconnected issues. (D)</p> Signup and view all the answers

What mindset is essential for being a collaborative capacity builder in sustainability?

<p>A commitment to the needs and values of collaboration. (C)</p> Signup and view all the answers

What does the term 'wicked problems' refer to in the context of sustainability?

<p>Complex issues that are interconnected and difficult to resolve. (B)</p> Signup and view all the answers

Flashcards

Greenhouse Effect

The process where thermal radiation from the Earth's surface is trapped by greenhouse gases in the atmosphere, leading to a rise in the planet's average temperature.

Carbon Offsetting

The reduction of greenhouse gas emissions by investing in projects that generate carbon credits, which can be traded.

Emissions Trading

A system where countries can trade their excess emissions allowances, allowing developed countries to meet their targets while supporting emission-reducing projects in developing countries.

Clean Development Mechanism (CDM)

A UN initiative that aims to reduce greenhouse gas emissions by allowing developed countries to fund emission-reducing projects in developing countries and earn carbon credits.

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Joint Implementation

A collaborative approach where industrialized nations share credit for emissions reductions achieved through joint projects in developing countries.

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Environmental Impact

The impact of human activities on the environment, which can either be direct, such as waste disposal, or indirect, such as supporting unsustainable practices.

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Waste Recycling

The practice of collecting and processing materials that would otherwise be waste, contributing to resource conservation and reducing environmental pollution.

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Kyoto Protocol

The process where countries establish emission targets and set up a market for trading emission allowances, enabling them to comply with their commitments.

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Post-material value theory

The theory that as societies become wealthier, environment and sustainability become more significant concerns.

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Knowledge Management (KM)

The process of creating, gathering, transforming, and applying knowledge to achieve organizational goals. It involves learning from successes and challenges, and adopting best practices.

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Competitive Advantage

A method for distinguishing a firm from its competitors by delivering superior value to customers.

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Systematic Problem-Solving

A systematic approach to identifying and solving problems, leveraging data and analysis to make decisions.

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Experimentation with new approaches

An experimental approach to exploring new ideas and methods, allowing for adaptation and innovation.

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Learning from past successes and failures

The act of learning from past experiences, both successes and failures, to improve future performance.

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Learning from best practices of other organizations

The process of observing and adopting best practices from other successful organizations.

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Stages of Industrial Development

The stages of industrial development where early stages are often associated with environmental damage and social inequality, but later stages can see improvements in environmental and human conditions.

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Fordism

A manufacturing philosophy that promotes efficiency by standardizing output, utilizing conveyor assembly lines, and dividing work into simplified, repetitive tasks.

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Ecological Kuznets Curve (EKC) Hypothesis

The theory that economic growth leads to environmental improvement after a certain point due to structural changes and less intensive use of resources.

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Neoliberalism

A modern economic theory that promotes free trade, privatization, minimal government intervention, and reduced public spending on social services.

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Ecological Modernization Theory

A theory that emphasizes the adaptation of economic systems and technologies to environmental concerns, leading to sustainability through innovation and change.

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Internet of Things (IoT)

The interconnected network of devices, objects, and systems that communicate and share data over the internet, transforming supply chains by increasing efficiency and reducing costs.

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Energy and Technological Development

The use of energy and its technological advancements have significantly impacted societal and economic progress since the Industrial Revolution, marking a continuous increase over time.

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Market-Based Environmental Solutions

The belief that market forces will naturally solve environmental problems, but this approach may not guarantee sustainable consumer choices.

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Connectivity and IoT's Impact on Supply Chains

The substantial impact of connectivity and the Internet of Things on global supply chains, leading to faster processes, increased efficiency, and lower costs.

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Sustainable HRM

An approach to human resource management that emphasizes the integration of social and environmental considerations into all aspects of the organization.

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Continuing Professional Development (CPD)

Continuous learning and development activities that individuals undertake to enhance their skills and knowledge.

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UN Principles for Responsible Management Education (PRME)

A framework aiming to transform management education by integrating six core principles: Purpose, Values, Method, Research, Partnership, and Dialogue.

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Sustainable Value Generation

The ability of individuals and organizations to generate and expand economic, social, and environmental value.

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Social Ecology of the Organisation

The recognition that businesses operate within a complex network of stakeholders, including employees, customers, suppliers, investors, government, and the community.

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Radical Transparency

The increased demand for transparency and accountability from stakeholders regarding businesses' environmental and social performance.

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Insufficient Natural Resources

The challenges faced by organizations regarding the availability and potential depletion of natural resources.

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Increasing Pressure from Stakeholder Groups

The growing pressure from various stakeholders, such as customers, investors, and activists, for businesses to adopt sustainable practices.

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Sustainability Leader

A leader who understands sustainability principles and uses them to guide their actions. They have a systemic understanding of how their decisions impact the environment and society.

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Emotional Intelligence for Sustainability Leaders

The ability to understand and manage emotions effectively. It involves self-awareness, empathy, and the skill to build strong relationships.

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Compelling Sustainability Vision

A clear and compelling vision for a sustainable future. It inspires action and motivates individuals to work towards a shared goal.

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Inclusive Leadership for Sustainability

A leadership style that encourages collaboration and inclusivity. It values diverse perspectives and fosters a sense of shared responsibility.

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Innovative Approach to Sustainability

An approach that embraces innovation and creativity to find new solutions for sustainability challenges.

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Long-Term Perspective in Sustainability

A focus on the long-term consequences of actions and prioritizing sustainable solutions that benefit future generations.

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Green Entrepreneur

An entrepreneurial venture that focuses on creating sustainable products, services, or solutions. It combines social and environmental responsibility with economic viability.

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Types of Green Entrepreneurs

Types of green entrepreneurs who are driven by different motivations, from seeking profit to fostering social change. They include innovative opportunists, visionary champions, ethical mavericks, and ad hoc enviropreneurs.

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Supply Chain Optimization

A process where companies analyze and improve their operations across the entire supply chain, from raw materials to the end customer. It involves optimizing each stage to enhance efficiency, reduce waste, and minimize environmental impact.

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The Natural Step (TNS)

A framework for sustainable change that focuses on four key principles: reducing the concentration of substances extracted from the Earth's crust, minimizing substances produced by society, limiting physical degradation, and ensuring that the rate of resource consumption does not exceed the rate of regeneration.

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ABCD Analytic

A structured approach to sustainable business that involves four steps: awareness, baseline mapping, creating a vision, and taking action. It helps companies identify opportunities for improvement and develop strategies for sustainable practices.

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Eco-label

A voluntary label assigned to products that meet certain environmental standards, indicating a commitment to sustainability and providing consumers with information to make informed choices.

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Networks and Sharing

The practice of sharing knowledge, resources, and expertise between businesses and other organizations to collaboratively address complex challenges and promote sustainability. It involves building trust, fostering collaboration, and developing collective solutions.

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Corporate Sustainability Reports

A report that provides transparency on a company's sustainability performance, detailing its environmental, social, and governance (ESG) initiatives and impact. These reports allow stakeholders to assess a company's sustainability practices and track progress.

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Analytic Report

A type of report focuses on internal structures, emphasizing elements and their interactions to provide a static model, often aiming to simplify complex systems.

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Dynamic Report

A type of report that examines the interrelationships between different parts of a system, focusing on its dynamic behavior and how it evolves over time.

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Study Notes

Sustainability Concepts

  • Sustainability is the ability to support, maintain, or endure, encompassing a goal and a process.
  • It can be maintained at a rate or level (like economic growth) or defended (like good corporate practice).
  • Sustainable economic growth can be mutually exclusive with maintaining sustainable ecosystems.
  • Different types of sustainability include:
    • Social sustainability focuses on people's well-being, addressing issues like equality, poverty, and justice, particularly for developing nations.
    • Environmental sustainability focuses on sustaining natural resources and their well-being, considering economic factors like GDP alongside environmental values.
  • Businesses are commercial entities, usually privately owned, aiming for profit but increasingly incorporating social and environmental sustainability criteria in the "triple bottom line" (People, Planet, and Profit).
  • Greenwashing is when businesses falsely advertise their sustainability efforts, often while engaging in environmentally or socially harmful activities.
  • Eco-efficiency involves finding ways to produce more with less material and impact.
  • Eco-effectiveness focuses on developing products and systems that enhance the quality of materials, rather than depleting them.
  • Cradle-to-Cradle (C2C) promotes a cyclical waste-to-resource approach by adhering to the concept of waste = food
  • The circular economy model draws inspiration from ecosystems, emphasizing ecologically sound products and renewable energy.

Business Ethics

  • Business ethics applies ethical principles to business practices, both individual and organizational.
  • Categories of ethics include:
    • Non-consequentialist ethics (absolutism) emphasizes universal moral principles like duty, rights, and justice.
    • Consequentialist ethics (relativism) judges actions based on their outcomes (utility or egoism), considering contextual factors.
  • Factors influencing business integrity include external stakeholder initiatives, internal reporting mechanisms, and government policies.
  • Corporate Social Responsibility (CSR) focuses on ethical behavior and social well-being alongside profit, including respect for international human rights and addressing issues like poverty and unemployment.
  • Neo-liberal economic theory prioritizes private enterprise, free trade, and open global markets.
  • Ethical concerns arise from dealings with suppliers, competitors, government agencies, and the general public, including issues around environmental degradation, gender equality, racial equality, human rights and poverty.

Environmental Challenges

  • Anthropocene refers to the current geological epoch marked by significant human impact on Earth's atmosphere.
  • Environmental values range from ecocentric to anthropocentric, reflecting a variety of perspectives on nature.
  • Biophysical environment comprises factors affecting organisms' survival and development.
  • The greenhouse effect results in higher planetary temperatures through atmospheric radiation absorption and re-radiation.
  • Joint implementation involves industrialized nations sharing credit for reduced emissions from specific projects.
  • Emissions trading allows for the exchange of emission allowances among countries.
  • Clean development mechanisms (CDM) are UN-run schemes allowing for emissions reductions to be credited to countries supporting projects in other countries.
  • The tragedy of the commons describes the depletion of shared resources due to unrestricted use.

Social and Economic Challenges

  • Absolute poverty refers to the inability to afford basic necessities (food, clothing, shelter); relative poverty uses societal standards.
  • Post-colonialism emphasizes shifts in power relations after colonial rule, including trade and development practices.
  • Dependency theory posits that former colonial powers continue to exploit developing countries.
  • Demographic transition refers to the demographic shift from high birth and death rates to low birth and death rates.
  • The Brundtland Report emphasizes sustainable development, striking a balance between human needs and environmental protection.

Sustainability Goals

  • The Sustainable Development Goals (SDGs) are 17 international development goals aimed at improving global well-being.

Sustainability Challenges and Practices

  • Success for businesses hinges on adapting to changes in environmental and social issues, moving beyond small changes to total system and cultural re-evaluation/innovation.
  • Doughnut economics posits economic success within social and environmental constraints
  • Conspicuous consumption focuses on displaying wealth through unnecessary consumption.
  • Downcycling and upcycling refer to decreasing or increasing the value/utility of products, respectively.
  • Rebound effects involve consumer responses that offset reductions in resource/energy use from new technologies or innovations.
  • Greenwashing describes misleading promotion of a business’s sustainability efforts.
  • Green marketing emphasizes environmentally friendly practices and products.

HRM in a Green Economy

  • Human Resource Management (HRM) involves the recruitment, training, development, and appraisal, and employee welfare, in accordance with employment laws.
  • Sustainable HRM strategies directly support a business’s sustainability goals, drawing on employees’ resources and knowledge to address environmental and social challenges.

Environmental Strategies

  • Continuing Professional Development (CPD) is a systematic self-directed and organization-supported process for developing individual skills toward business goals.

  • Product-service systems (PSS) refer to companies providing products and services in tandem.

  • Disruptive innovation displaces established businesses or technologies.

  • Key characteristics of sustainability leadership includes systematic understanding, emotional intelligence, a compelling vision, and a long-term perspective.

Global and Strategic Sustainability

  • The Global Reporting Initiative (GRI) is a voluntary initiative for comprehensive sustainability reporting.
  • Stakeholder collaboration is needed for creating and implementing sustainability initiatives.
  • Stakeholder engagement encompasses understanding concerns and expectations to ensure effective collaborations.

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