10 Questions
Sustainability Audit is primarily focused on analyzing a corporation's operational efficiency.
False
Global sustainability issues can include issues related to child labor and discrimination.
True
The economic pillar of sustainability focuses on ensuring ecological integrity is maintained.
False
Ecological footprint is solely based on individual demands on nature and does not take into account resource consumption.
False
Strategic Audit aims to compare a company's policies with the best practices for long-term sustainability.
False
The Triple Bottom Line framework focuses on the three elements: Benefit, People, and Profit.
False
Sustainable innovation is not crucial for business survival in a VUCA environment.
False
The societal embedding of sustainable products and services emphasizes secrecy and exclusivity.
False
Policy change is not seen as a factor that could enable more sustainability innovation in products and processes.
False
Traditional companies commonly prioritize sustainable innovations over protecting their core business.
False
Study Notes
Sustainability and Strategic Audit
- Sustainability refers to living within the constraints of available physical, natural, and social resources.
- A Strategic Audit is an in-depth analysis to assess a corporation's operational targets and achieve them effectively.
Causes of Global Sustainability Issues
- Health and Welfare: poverty, malnutrition, lack of education, illness, and air and water pollution.
- Human Rights: child labor, wage dumping, discrimination, injustice, and oppression.
Pillars of Sustainability
- Environmental: maintaining ecological integrity and balance in natural resource consumption.
- Economic: ensuring human communities have access to required resources and maintain independence.
- Social: universal human rights and basic necessities are attainable by all people.
Ecological Footprint
- Measures individual demand on nature and bio capacity of a country or region.
- Calculates resource consumption and emissions to determine sustainability.
Balanced Scorecard
- A performance metric with four perspectives: financial, education and growth, internal processes, and customer relationship.
Triple Bottom Line
- Focuses on social and environmental issues alongside financial performance.
- Aims to calculate corporate social responsibility and environmental impact over time.
Sustainable Innovation and Future
- Imperative for business survival in a VUCA (volatile, uncertain, complex, ambiguous) environment.
- Depends on people making sustainable decisions and interacting with corporations, brands, and governments.
Five Areas of Inquiry and Action
- Understand consumer values and behavior.
- Analyze short and long-term obstacles and opportunities.
- Investigate new business models.
- Measure prospects.
- Assess the political dimension of sustainable lifestyle evolution.
Can Traditional Companies be Sustainability Agents?
- Large companies may protect their core business while experimenting with sustainable innovations.
Societal Embedding of Sustainable Products and Services
- Requires systems change thinking, transparent co-creation, and influencing societal norms and expectations.
Policy Change for Sustainability Innovation
- Education: enable sustainability innovation and entrepreneurship through learner-centered programs.
- Networks: establish mechanisms for sustainability learning.
- Funding: provide financing and incentives for sustainability innovation.
Test your knowledge on sustainability, strategic audit, and global sustainability issues like health, welfare, poverty, and education. Learn about evaluating corporations for long-term sustainability and operational effectiveness.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
