Refined 010 - sustainability Flashcards
(21 cards)
What is sustainable management?
Managing organisations to balance economic, social, and environmental performance (Triple Bottom Line).
Example: A clothing brand using ethical labour and eco-friendly materials while remaining profitable.
What are the strategic requirements of sustainable management?
Stakeholder Support, Efficiency, and Market Edge.
Example: Gaining customer loyalty through sustainable packaging.
What is Stakeholder Support?
Building trust with employees, customers, suppliers, and regulators.
Example: Providing charity leave and health programs for staff.
What is Efficiency in sustainability?
Reducing waste, energy, and costs while improving outcomes.
Example: Installing solar panels to reduce electricity bills.
How can sustainability drive innovation?
It sparks eco-friendly products, improves reputation, and opens new markets.
Example: A company launching biodegradable packaging.
What makes sustainability practices effective?
They must be strategic, genuine, integrated, and mature.
Example: Patagonia’s transparent and purpose-aligned supply chain.
What are the four levels of responsibility and ethics?
Emerging Responsible, Advanced Responsible, Responsible and Ethical, Irresponsible.
Example: Irresponsible – ignoring environmental impact for profit.
What are the 3 Ps of the Triple Bottom Line?
People (social), Planet (environmental), Profit (economic).
Example: Company improving recycling (Planet), paying fair wages (People), and generating revenue (Profit).
What does ‘People’ in TBL evaluate?
Fair labour, diversity, and community impact.
Example: Offering community scholarships and employee development.
What does ‘Planet’ in TBL measure?
Pollution, waste, and resource use.
Example: Reducing plastic packaging and water consumption.
What does ‘Profit’ in TBL assess?
Revenue, cost control, and economic value creation.
Example: Cutting waste costs while maintaining profitability.
What is the obstructionist CSR strategy?
Avoids legal/ethical responsibilities; may break rules.
Example: Westpac failing to report millions of illegal transactions.
What is a defensive CSR strategy?
Fulfils legal duties, avoids ethics unless pressured.
Example: Legal tax minimisation by large corporations.
What is an accommodative CSR strategy?
Meets ethical expectations when prompted by stakeholders.
Example: Nike improving supply chain ethics after protests.
What is a proactive CSR strategy?
Voluntarily goes beyond legal/ethical duties to improve society.
Example: Veja sourcing fair trade rubber and avoiding ads.
What’s the difference between linear and circular economy?
Linear = Take-Make-Dispose; Circular = Reuse-Recycle-Regenerate.
Example: Linear – buying bottled water; Circular – refilling reusable bottles.
What are the types of innovation?
Product, Process, Incremental, Radical, Competency-Enhancing, Competency-Destroying.
Example: Radical – solar energy tech; Incremental – improved smartphone camera.
What is sustainable HRM?
Managing people to support long-term ethical, social, and environmental goals.
Example: Providing ethical pay, training, and stakeholder engagement.
What are 4 key areas of sustainable HRM?
Resource development, organisational survival, trustful relationships, and social legitimacy.
Example: Investing in training to ensure future leadership.
What processes are part of sustainable HRM?
Recruitment, Training, Performance, Compensation, Communication.
Example: Hiring based on values and promoting internal transparency.
What is the role of HR leaders in sustainability?
Embed sustainability into people practices and lead ethically.
Example: HR leading a company-wide wellness and inclusion program.
