MANA 374 FINAL REVIEW
Sustainable Management - Answers - Sustainable management balances the three
bottom lines: people, planet, and profit, aiming for long-term business success and
positive social and environmental impact.
Corporate Social Responsibility (CSR) - Answers - CSR initially centered on
philanthropy and corporate giving to demonstrate businesses' social responsibility,
aiming to show they were forces for social good.
Sustainable Development - Answers - Sustainable development meets the needs of the
present without compromising the ability of future generations to meet their own needs.
Environmental Management - Answers - Companies began adopting Environmental
Management Systems and focusing on resource efficiency and pollution prevention.
Sustainability Reporting - Answers - Over time, businesses expanded their reports from
environmental impacts to a broader sustainability focus, including social and economic
factors.
Triple Bottom Line - Answers - Evaluates companies on people, planet, and profit.
Corporate Citizenship - Answers - Focuses on a company's moral duty to contribute to
its community and fulfill social responsibilities.
Shared Value - Answers - A strategy where businesses solve social problems while also
achieving economic success.
Net Positive - Answers - A concept where companies aim to have more positive than
negative impacts on society, economy, and the environment.
Resource Scarcity - Answers - Growing demand for critical resources, including water,
minerals, metals, and fish.
Climate Change - Answers - Driven by greenhouse gases like CO₂, methane, and
nitrous oxide.
Global Warming - Answers - Higher CO₂ levels due to industrial activities, leading to
global warming.
,Sustainable Development Goals (SDGs) - Answers - Established by the United Nations
General Assembly in 2015, the SDGs consist of 17 global goals and 169 specific
targets.
Paris Agreement Goals - Answers - Objective: Limit global temperature rise to between
1.5°C and 2°C by 2100 to avoid catastrophic environmental impacts.
SERI Roadmap for Sustainability - Answers - The SERI Roadmap for Sustainability
provides companies with 20 specific expectations to guide their transition toward
sustainable corporate leadership.
Emerging Risks - Answers - Population growth, economic development, and resource
consumption are all creating significant risks for companies.
Business Opportunities - Answers - Companies that adopt sustainable management
practices are better positioned to thrive in a changing world and create long-term value.
Patagonia's Mission Shift (2018) - Answers - Pre-2018 Mission: Focused on
environmental activism; Post-2018 Mission: Shifted to 'We're in business to save our
planet.'
Key Practices of Sustainable Management - Answers - Includes peer training, reducing
packaging, and ensuring humane working conditions at supplier factories.
Drivers of Sustainable Development Concerns - Answers - Population Growth and
Economic Growth are primary drivers of resource consumption and environmental
degradation.
Business Impact of Resource Scarcity - Answers - Resource scarcity leads to higher
prices, market volatility, and supply chain disruptions.
Risks Identified by the IPCC - Answers - Ecosystem threats, extreme weather events,
disproportionate impacts on vulnerable communities, and tipping points in ecosystems.
Challenges of Resource Depletion and Climate Change - Answers - Require
coordinated action from businesses, governments, and communities.
Tools for Sustainable Management - Answers - Companies are increasingly using
sustainable management tools to navigate environmental and social challenges.
Environmental and Social Challenges - Answers - Include population growth, economic
growth's environmental impact, increased consumption, and climate change.
Stakeholder Engagement - Answers - The process of interacting with stakeholders to
achieve desired outcomes, identify risks, and develop sustainable solutions.
, Purpose of Stakeholder Engagement - Answers - Understand environmental and social
impacts; inform company strategy and foster collaboration.
SERI Roadmap - Answers - Stakeholder engagement is key to transforming businesses
into sustainable leaders.
ISSP & GRI Standards - Answers - Stakeholder engagement is a core competence for
sustainability professionals and a principle in global reporting.
Stakeholder Management Levels - Answers - Rational: Basic understanding of
stakeholder needs; Transactional: Active, ongoing engagement and collaboration.
Stakeholder Theory - Answers - Companies must create value for a wide range of
stakeholders, including customers, employees, suppliers, communities, and financiers.
Value Creation - Answers - Aligning interests of all stakeholders leads to sustainable
profits, benefiting shareholders in the process.
Primary Stakeholders - Answers - Customers, suppliers, employees, communities, and
financiers.
Secondary Stakeholders - Answers - Regulators, media, NGOs, etc.
Aligning Interests - Answers - Core task is to align stakeholder interests to co-create
value.
No Trade-Off - Answers - Focusing on stakeholders doesn't harm shareholders; it
enhances business performance and long-term profitability.
Types of Stakeholder Strategies - Answers - Employee-Shareholder-Customer Focus;
Balanced Strategy; Noble Cause.
Shifting Narrative - Answers - Business should create value responsibly and address
broader societal concerns.
Business as a Collaborative Force - Answers - Focus on social responsibility,
sustainability, and ethical standards.
Origin of Stakeholder Theory - Answers - Developed in the 1980s, expanding from
business strategy to ethics and sustainability.
Implementing Stakeholder Approach - Answers - Focus on specific stakeholders and
understand their role in value creation.
Sustainable Management - Answers - Sustainable management balances the three
bottom lines: people, planet, and profit, aiming for long-term business success and
positive social and environmental impact.
Corporate Social Responsibility (CSR) - Answers - CSR initially centered on
philanthropy and corporate giving to demonstrate businesses' social responsibility,
aiming to show they were forces for social good.
Sustainable Development - Answers - Sustainable development meets the needs of the
present without compromising the ability of future generations to meet their own needs.
Environmental Management - Answers - Companies began adopting Environmental
Management Systems and focusing on resource efficiency and pollution prevention.
Sustainability Reporting - Answers - Over time, businesses expanded their reports from
environmental impacts to a broader sustainability focus, including social and economic
factors.
Triple Bottom Line - Answers - Evaluates companies on people, planet, and profit.
Corporate Citizenship - Answers - Focuses on a company's moral duty to contribute to
its community and fulfill social responsibilities.
Shared Value - Answers - A strategy where businesses solve social problems while also
achieving economic success.
Net Positive - Answers - A concept where companies aim to have more positive than
negative impacts on society, economy, and the environment.
Resource Scarcity - Answers - Growing demand for critical resources, including water,
minerals, metals, and fish.
Climate Change - Answers - Driven by greenhouse gases like CO₂, methane, and
nitrous oxide.
Global Warming - Answers - Higher CO₂ levels due to industrial activities, leading to
global warming.
,Sustainable Development Goals (SDGs) - Answers - Established by the United Nations
General Assembly in 2015, the SDGs consist of 17 global goals and 169 specific
targets.
Paris Agreement Goals - Answers - Objective: Limit global temperature rise to between
1.5°C and 2°C by 2100 to avoid catastrophic environmental impacts.
SERI Roadmap for Sustainability - Answers - The SERI Roadmap for Sustainability
provides companies with 20 specific expectations to guide their transition toward
sustainable corporate leadership.
Emerging Risks - Answers - Population growth, economic development, and resource
consumption are all creating significant risks for companies.
Business Opportunities - Answers - Companies that adopt sustainable management
practices are better positioned to thrive in a changing world and create long-term value.
Patagonia's Mission Shift (2018) - Answers - Pre-2018 Mission: Focused on
environmental activism; Post-2018 Mission: Shifted to 'We're in business to save our
planet.'
Key Practices of Sustainable Management - Answers - Includes peer training, reducing
packaging, and ensuring humane working conditions at supplier factories.
Drivers of Sustainable Development Concerns - Answers - Population Growth and
Economic Growth are primary drivers of resource consumption and environmental
degradation.
Business Impact of Resource Scarcity - Answers - Resource scarcity leads to higher
prices, market volatility, and supply chain disruptions.
Risks Identified by the IPCC - Answers - Ecosystem threats, extreme weather events,
disproportionate impacts on vulnerable communities, and tipping points in ecosystems.
Challenges of Resource Depletion and Climate Change - Answers - Require
coordinated action from businesses, governments, and communities.
Tools for Sustainable Management - Answers - Companies are increasingly using
sustainable management tools to navigate environmental and social challenges.
Environmental and Social Challenges - Answers - Include population growth, economic
growth's environmental impact, increased consumption, and climate change.
Stakeholder Engagement - Answers - The process of interacting with stakeholders to
achieve desired outcomes, identify risks, and develop sustainable solutions.
, Purpose of Stakeholder Engagement - Answers - Understand environmental and social
impacts; inform company strategy and foster collaboration.
SERI Roadmap - Answers - Stakeholder engagement is key to transforming businesses
into sustainable leaders.
ISSP & GRI Standards - Answers - Stakeholder engagement is a core competence for
sustainability professionals and a principle in global reporting.
Stakeholder Management Levels - Answers - Rational: Basic understanding of
stakeholder needs; Transactional: Active, ongoing engagement and collaboration.
Stakeholder Theory - Answers - Companies must create value for a wide range of
stakeholders, including customers, employees, suppliers, communities, and financiers.
Value Creation - Answers - Aligning interests of all stakeholders leads to sustainable
profits, benefiting shareholders in the process.
Primary Stakeholders - Answers - Customers, suppliers, employees, communities, and
financiers.
Secondary Stakeholders - Answers - Regulators, media, NGOs, etc.
Aligning Interests - Answers - Core task is to align stakeholder interests to co-create
value.
No Trade-Off - Answers - Focusing on stakeholders doesn't harm shareholders; it
enhances business performance and long-term profitability.
Types of Stakeholder Strategies - Answers - Employee-Shareholder-Customer Focus;
Balanced Strategy; Noble Cause.
Shifting Narrative - Answers - Business should create value responsibly and address
broader societal concerns.
Business as a Collaborative Force - Answers - Focus on social responsibility,
sustainability, and ethical standards.
Origin of Stakeholder Theory - Answers - Developed in the 1980s, expanding from
business strategy to ethics and sustainability.
Implementing Stakeholder Approach - Answers - Focus on specific stakeholders and
understand their role in value creation.
