MGT 3200 CH 7 and 8 Study Guide

MGT 3200 CH 7 and 8 Study Guide - Chapter 7 7-1. Define...

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Chapter 7 7-1. Define sustainability Sustainability is providing for current needs without harming future generations’ needs 7-2. List and describe the elements of the triple bottom line Triple bottom line means take into account ecological (environment) and social (society) performance in addition to financial performance (economy) The concept of TBL demands that a company's responsibility lies with stakeholders rather than shareholders. 7-3. Relate operations to different sustainability concerns such as the environment and labor Environmental and labor concerns are impacted by operations because the operational part of a business is the one in charge of producing goods, so a good operational management can substantially reduce materials(saving or recycling), equipment use (harmful gases and emissions), and waste 7-4. Recognize the intent of the U.N. Global Compact and its categories of principles Human Rights à Businesses should support and respect the protection of internationally proclaimed human rights; and make sure they are not complicit in human rights abuses. Labor Standards à allow collective bargaining (unions), avoid forced labor, child labor, and discrimination Environment à be environmentally responsible, try to improve technology for reducing foot print Anti-Corruption à extortion and bribery 7-5. Describe the current state of climate change legislation in the United States
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MGT 3200 CH 7 and 8 Study Guide - Chapter 7 7-1. Define...

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