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Questions and Answers
What type of product does Gourmet Keso offer?
What type of product does Kara and Beaus offer?
Which of the following is NOT a GK social enterprise?
What is the name of the author who wrote about Business Ethics and Social Responsibility?
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What is the name of the GK social enterprise that offers plush and play products?
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What is the name of the GK social enterprise that offers artisan chocolate?
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What is the purpose of establishing a business in the community?
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Why is it important for businesses to think beyond profit?
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Do GK social enterprises help in poverty alleviation or reduction?
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Do GK social enterprises create financial freedom for their employees?
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Study Notes
Sustainability in Business
- Growing consumer demands for sustainable products and services have led corporations to prioritize sustainability in their business practices.
- Environmental sustainability can be achieved through alternative production routes, reducing waste, and increasing energy and water efficiencies.
- Investment in renewable energy is increasing among big organizations, phasing out fossil fuels and reducing carbon emissions.
Sustainability and Employment
- Businesses with sustainable strategies benefit employees by providing a living wage and benefits, enhancing loyalty, productivity, and creativity.
- When organizations prioritize community well-being, employees are motivated to contribute to the business's success.
Socially Responsible Investment (SRI)
- SRI is an innovative approach to business, focusing on the overall well-being of disadvantaged populations while generating income.
- The SRI movement began in the 1970s, with shareholder resolutions filed against companies investing in South Africa under the apartheid regime.
Personal Finance Management
- Creating a budget and sticking to it is crucial for financial management.
- Paying credit cards in full each month avoids interest and fees.
- Automatic savings, retirement plans, and insurance benefits are essential for financial security.
- Investing early and watching credit reports are vital for long-term financial growth.
Business Ethics and Social Responsibility
- Sustainable business enterprises attract employees who value social responsibility.
- Establishing and sustaining business enterprises can alleviate poverty and create jobs.
- Socially responsible investment (SRI) gives disadvantaged populations a path to human development and economic prosperity.
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Description
Learn how businesses are incorporating sustainability into their core practices to minimize environmental impact and meet growing consumer demands. Understand the importance of environmental sustainability and its applications.
