MGMT 380 #1
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MGMT 380 #1 - Leaderboard
MGMT 380 #1 - Details
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10 questions
| 🇬🇧 | 🇬🇧 |
| WHAT DOES SUSTAINABILITY MEAN TO YOU? | General Definition – The ability to last or continue over time. Ecological Perspective – Keeping nature and ecosystems healthy for all species. Societal Perspective – Building communities and businesses that support future generations. Economic & Corporate Perspective – Maintaining steady growth and responsible business practices. |
| THE THREE PILLARS OF SUSTAINABILITY | Environmental, Social, Economic |
| Sustainable Development | Sustainability = Outcome, Sustainable Development = Process. Defined by Brundtland Report: Meeting present needs without compromising future generations. Business term: Triple P - People, Planet, Profit. Key goal of UN, World Bank, IMF. |
| : What is a Business? | Defined as a commercial entity selling goods/services for profit. Can be: Privately-owned vs. State-owned vs. Worker-owned. For-profit vs. Non-profit vs. Social enterprise. Different industries (e.g., mining, food & beverage). This course challenges assumptions about business & sustainability. |
| : Why Sustainable Business? | Historically, businesses prioritize profit over social/environmental concerns. Milton Friedman -“Business’s only responsibility is to increase profits.” But businesses are shifting towards sustainability due to: NGO/activist pressure – Groups push companies to be more eco-friendly and ethical. Consumer demand – People want sustainable products, so companies adapt. Greenwashing – Companies pretend to be sustainable for good PR without real action. New market opportunities – Sustainability creates chances for new products and business. Regulation avoidance – Companies go green to avoid government fines or restrictions. Efficiency improvements – Using fewer resources saves money and reduces waste. |
| Critical Approach to Business & Sustainability | The course takes a critical & interdisciplinary approach. Examines possibilities, limits, tensions, contradictions of sustainability in business. Not a "how-to" guide but an exploration of challenges. |
| Contradictions of Sustainable Development | Sustainable development is debated as an oxymoron. Key questions: Can growth & sustainability coexist? Can infinite population & resource use continue on a finite planet? |
| Sustainability Tensions | Voluntary vs. Regulatory: Should sustainability be optional or legally enforced? Corporate Power: What role should corporations play? Technocratic vs. Systemic: Should solutions be technical fixes or societal changes? Human vs. Non-Human Rights: How do we balance human needs with ecosystems? |
| Key Issues in Business & Sustainability | Environmental & social sustainability Business ethics |
| Approaches to Sustainable Business | Indigenous approaches Sustainable business frameworks & tools Alternative business models |