Greg's decision whether to delay the introduction of the Top205 or proceed as planned is an example of an ethical dilemma. What Can You Do? To be sustainable, a business must be profitable. (True/False), Despite recent pressure from stockholders to increase profits, World Extraction Corp., a global petroleum organization, has maintained a practice of consistently acting ethically by being a good global corporate citizen, taking host-country and global standards into consideration when making decisions, and obeying the laws of host countries as well as international law. _____ forces affect the way politics shape laws and the way laws shape the opportunities for and threats to an organization. (True/False), As businesses are going green today, sustainability programs have produced environmental benefits, but unfortunately, they have also resulted in higher costs and lower revenues, and at times, they have hurt organizations competitively. Greg, the president of an IT company, is friends with Jack, the CEO of HyperTech, a company that develops and manufactures computer hardware. To increase profitability, top management of a national retailer needs to decide if it will close several stores. The Sarbanes-Oxley Act of 2002 established requirements for ____. Sustainable development and environmental limits are concepts that cover a lot of ground. In addition to creation of sustainable economic development, which of the following is the most comprehensive goal of eco-centric management? In which illegal activity has Greg engaged? Joe, the owner of ABC Electronics, just discovered that his trusted friend Paul, his accountant for over 30 years, has been mishandling the company books and stealing from the company bank account. These beliefs may include the idea that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request. Don, the owner of a bait and tackle shop, attended an entrepreneurship workshop that discussed the triple bottom line, which measures an organization's ____ performance. Sustainable Building in Malaysia: The Development of Sustainable Building Rating System. Sustainable development incurs a short-term cost; organizations often maximize short-term economic growth … Every Saturday Mrs. Jones and hundreds of other shoppers visit ABC Market, a grocery store, to buy food for their home or business. Economic development is the main body supported by sustainable development. What is the difference between integrity-based ethics programs and compliance-based ethics programs? Joe also is involved in a letter-writing campaign to promote his cause. WHAT IS SUSTAINABLE DEVELOPMENT? The sustainable development principles underpinning the SDGs have long been the underlying principles for Fiji’s national development. Sustainable economic growth is economic development that attempts to satisfy the needs of humans but in a manner that sustains natural resources and the environment for future generations. But he also knows that allowing the new flawed computer into the market will affect Top Computers' reputation. D. meets present needs without compromising the ability of future generations to meet their needs. Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. Protecting the environment is inescapably a moral issue as well. (True/False), The general environment, or macroenvironment, includes six forces: economic, technological, sociocultural, demographic, political-legal, and international. The objectives of sustainable development Taking account of the current economic environment and declining natural resources, sustainable development objectives should focus on maximizing the satisfaction of the population, but also a more efficient use of resources (Fig. There are several approaches to sustainability. 1283–1298. In general, sustainable components for new development would fall under the same categories as sustainability in its overall context. D. proper financial record keeping for public companies; as much as 25 years in prison. Sustainable Management and Use of Environmental and Natural Resources 14. Sustainable Development stands for meeting the needs of present generations without jeopardizing the ability of futures generations to meet their own needs – in other words, a better quality of life for everyone, now and for generations to come. He decides to donate a significant portion of the store's profits to a charity every year. / Procedia Economics and Finance 26 ( 2015 ) 812 â€“ 817 Fig. C. will be buying or receiving shares of his company's stock. 1). Noncompliance can result in penalties of. Ghana’s economic development since the mid 1990s has been one of the greatest success stories in sub-Saharan Africa. By Ar Zuhairuse MD Darus and Nor Atikah Hashim. C. Respect for impartial standards of fairness and equity. Joe is facing. C. standards of right and wrong that influence behavior. (1999) Sustainable Human Development Index. Water flows through the three pillars of sustainable development – economic, social and environmental. Rebecca and Donna know that Panera will be offering similar products; therefore, Panera Bread will be a ____ to Rebecca and Donna. Environmental economics is a comparatively young, but by now well-established, branch of economic study. D. the board of directors, employees, and owners. He believes that a stronger relationship with distributors will lead to more market share, and higher profits, for both Zap Games and its distributors. The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 years. Practising sustainable forest development, through the management of forest ecosystems for their multiple benefits and values would be relatively more costly in the short term than the management of forests for wood production only. Green Growth and Sustainable Development Forum 2020; 24-26 November 14:00 - 16:30 CET. Water resources, and the essential services they provide, are among the keys to achieving poverty reduction, inclusive growth, public health, food security, lives of dignity for all and long-lasting harmony with earth’s essential ecosystems. The objectives … (True/False), When the Kiddie Village Daycare Center looks at the recent increase in the number of working mothers in its neighborhood to determine how many employees to hire, its managers are studying demographic forces. Fewer children are interested in learning how to play a musical instrument, and young people having less interest in owning cars. 1. I don't know how they get away with it! Environmental economics is a comparatively young, but by now well-established, branch of economic study. With regard to boards of directors, and in particular their oversight of the CEO, the board of directors' _______ is the biggest complaint. In 2015, the United Nations adopted 17 Sustainable Development Goals (SDG), calling on States to act on the environmental, social and economic aspects of development… Ans: D. GK Questions and Answers on Environment Degradation and Management Jack tells Greg that HyperTech is about to announce the creation of a revolutionary new computer processor that will quadruple processing capacity and cause HyperTech's sales and profits to skyrocket. (True/False), Just before introduction of a new revolutionary laptop, the Top205 by Top Computers, Greg, the CEO of Top, was informed that a problem with a part inside the Top205 may cause reliability issues. The _______ was passed by Congress in 2002 to establish strict accounting and reporting rules in order to make senior managers more accountable and to improve and maintain investor confidence, In an organization, the processes by which decisions are evaluated and made on the basis of right and wrong constitute the _____ of the organization, An ethics code is likely to be ineffective when, C) It is long and complex to adress all levels of behavior, It is also important to involve those who have to live with the code in writing it. The goal of this concept is to build and improve urban and suburban areas with as little impact on the environment as possible. Rebecca and Donna, owners of Fine Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their shop. Some schools are already becoming learning labs for sustainable development, where young students are being prepared to adapt to and help mitigate the consequences of climate change. ABC Brothers' cleaning products and equipment are sold to consumers and commercial cleaning companies in Best Supply's janitorial supply and equipment store. (True/False), After the scandals at WorldCom, Tyco, Adelphia, and Enron, in which company employees lost millions of dollars and their nest eggs, U.S. companies showed less concern for corporate governance and more interest in the development of corporate social responsibility. A. overall strategic goals and approval of major decisions. Economic development is the main body supported by sustainable development. Which type of funding raises small amounts of money from many people to finance a new venture? Department of Economic and Social Affairs Sustainable Development. 816 Dan Cristian Duran et al. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. This type of thinking reflects the _____ approach to deciding ethical dilemmas. What Can You Do? Don tends to be an independent thinker who focuses on empowering his employees. He has talked himself into cheating because he believes that cheating will help him maintain his strong GPA, which he will need to be accepted by a good college. Sustainable Development Goals; Key Topics ; 2030 Agenda; Capacity Development; Publications; Global Sustainable Development Report; Intergovernmental Processes. D. meets present needs without compromising the ability of future generations to meet their needs. Sustainability is understood as the development that meets the present needs without compromising the capacities of future generations, ensuring the balance between economic growth, environmental care and social welfare. (True/False), The Sarbanes-Oxley Act set up the Federal Trade Commission to ensure consumer protection and to eliminate and prevent anticompetitive business practices, with penalties of as much as 25 years in prison for noncompliance. Human resources are influenced by the evolution of culture, especially the political, economic, behavioural, moral, family culture, etc. use coal and compensate by increasing forest area) From an economic . What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals? The managers are studying the ______ forces in their organization's general environment. ______ are the relatively permanent and deeply held underlying beliefs and attitudes that help determine a person's behavior. C. inside directors may be members of the firm and outside directors are supposed to be elected from outside the firm. She also encourages group and team efforts. Which of the following describes the argument for the ethical system of egoism? (True/False), Companies can reduce unethical behavior by offering a case-based approach to ethics training that presents employees with ethical dilemmas and clarifies expectations. Keeping the stores open would be advantageous for many fewer people than closing the stores. _______ are regulatory agencies, such as the SEC (Securities and Exchange Commission), that establish ground rules under which organizations may operate. And they do this type of thing almost every day." These two trends are examples of ____ forces at work. Which forces are part of the macro-environment? This is an example of the ____ effect. Greg then purchases a large number of shares of HyperTech company stock before the news of the new computer processor is made public. Ethics are the _____ that guide the behavior of an individual or group. Solar, biofuels?, wind power?, hydropower?, nuclear? The underlying economic conditions for growth that is inclusive, environmentally sustainable and conducive to employment creation are a basic prerequisite for generating income and bringing about a permanent … In the context of universalism, kyosei and human dignity are the two basic ideals underpinning the _____ Principles of Business. A(n) ____ is a formal written set of ethical standards guiding an organization's actions. The degree offers alternative methods of managing the ever-evolving political, economic and social problems faced by many societies. Which of the following is one of the five higher goals of a transcendent education? However, there are substantial differences in the distribution of incomes and assets among the country’s population. In Kohlberg's model of cognitive moral development, which category follows the conventional stage? D. economic, technological, sociocultural, demographic, political-legal, and international. Don manages at Kohlberg's ______ level of personal moral development. This was on about the time we adopted the 2030 Agenda for Sustainable Development, and subsequently crafted the Philippine Development Plan (PDP) 2017-2022. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. Issues such as how best to promote growth that is socially, environmentally and economically sustainable are increasingly at the centre of the international debate. _______ guides Hannah's beliefs. A) Reduced emissions in all manufacturing facilities worldwide B) Increased marketing opportunities C) Improvement of quality of life worldwide for all stakeholders D) Development of environmental advertising and awareness campaigns E) Use of … Amy, a successful banker and educator, has decided to retire, but she is very interested in staying involved with a company "that cares." Substantial advances in human capacity are needed through improvements of education and healthcare – resulting, among others, in higher income and better environmental decisions. 10. An organization's internal stakeholders consist of. C)Improvement of quality of life worldwide for all stakeholders, In the context of sustainable development,_______ specifically considers the extraction of raw materials, product packaging, transportation, and disposal of a product. Resources to Get Started: ARE YOU Traveling? It is a practical, implementable toolkit that tailors strategies to work for local people, businesses, and institutions. tags: economic-development, social-development, social-entrepreneurship, social-problems, sustainability, sustainable-development, sustainable-development-goals 0 likes Like A supplier is an external stakeholder that. The employees are internal stakeholders of the factory. C) When everyone does what promotes the greatest good for oneself, then the well-being of society as a whole should increase. Paul, who is normally an ethical person, has an opportunity to acquire what he feels is "easy" money in his job, and he believes it is safe to steal the money because nobody would know if he does take it. Sustainable development has been defined in many ways, ... Support the sustainable management of our natural resources. tinuation of current development strategies will not suffice to achieve sustainable development. In economic terms, to be truly sustainable, the overall demand for natural resources (also known as ecological footprint) must be less than the nature’s renewable supply of resources (also known as biocapacity). We soon recognized that we need to transform our world by ensuring sustainable development and leaving no one behind in order to live the life we want. However, failure to practice environmentally sound forest management is likely to lead to prohibitive future costs. To grow her business, Patsy is focusing her marketing efforts on the older adult population; in these efforts, she is involved with the _____ environment. I am going to call a reporter at the and reveal what my company is doing." Hazard Risk Reduction and Adaptation to Climate Change 15. (True/False). Even-aged management, clear-cutting. Pleasant is now able to market its facility and services through A-Plus's marketing team, and A-Plus Hotels now offers access to an upscale resort that it can recommend to its customers who are looking for a resort experience. Patsy, a registered nurse, has decided to start a home healthcare service to assist with the medical, meal preparation, and light housecleaning needs of older adults. Which of the following is an example of a value? Jane manages at Kohlberg's _____ level of personal moral development. C. governing a company so that the interests of corporate owners and other stakeholders are protected. Which of the following describes the system of corporate governance? Mom's Pizza maintains a(n). The city government of Pleasantville promised significant tax breaks to a large retailer if it opened a store in Pleasantville, which would result in nearly 200 new local jobs. - A sustainable economy can be maintained over time without causing a depletion of its capital of natural resources - Non-renewable resources cannot provide an ultimate foundation of a sustainable economic system - Their use should be tied to improving stocks of comparable renewable resources (e.g. As the CEO of a company that produces products for schools, Hannah believes that her company needs not only to produce a profit but also to do things that benefit society. Phillip said to a close friend, "I am fed up with my company's continual disregard for the environment. Stay connected Sustainable development is in the news every day as the world copes with climate change, biodiversity loss, conflict and resource scarcity. Sustainable Economic Development Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ) Country: global Overall term: 2014 to 2017. Reaffirming its resolutions 53/199 of 15 December 1998 and 61/185 of 20 December 2006 on the proclamation of international years, Economic and Social Council resolution 1980/67 of 25 July 1980 on international years and anniversaries, particularly paragraphs 1 to 10 of the annex thereto on the agreed criteria for the As a Sustainable Resources MSc student you will be equipped to become a leader and entrepreneur in your chosen area of specialisation. To be sustainable, agriculture must meet the needs of present and future generations for its products and services, while ensuring profitability, environmental health and social and economic equity. The Concept of Sustainable Economic Development - Volume 14 Issue 2. Sustainable agriculture is farming in sustainable ways, which means meeting society's present food and textile needs, without compromising the ability for current or future generations to meet their needs. A-Plus Hotels and Pleasant Resort can be considered strategic allies. In the economic study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives.. Don wants to give back to the people of the community to acknowledge their role in the store's success. E. Coca-Cola has pledged to replenish (return to nature) all the water it uses to make its beverages. The programme also includes a careers event with speakers from a variety of organisations. In implementing the SDGs, Fiji has adopted a ‘whole-of-Government’ approach and has utilized national development planning as the primary instrument to drive forward SDGs implementation. perspective, a resource is efficiently allocated … WHAT IS SUSTAINABLE DEVELOPMENT? Unsustainable Energy Production. Around 85 per cent of the economically active population of Ghana (estimated at 11.5 million) is employed in the informal sector, where financial services are rarely available and hardly affor… Which of the following is an example of a green policy or action? Tom and his managers are discussing the unemployment, inflation, and interest-rate trends that might affect their chain of coffee shops over the next 12 months and the projected growth in the areas where the stores are located. The Sustainable Development Goals are a series of measures to end poverty, protect the planet and ensure the global well-being of human beings One of the major recent achievements in sustainability has been the adoption of Agenda 2030 and the Sustainable Development Goals. Hicks, 1997 D.A. However, the retailer decided that it would staff the new Pleasantville store with employees from its other stores, meaning no new jobs were created. Home; SDG Knowledge. This means that Don. Which of the following is a fundamental source of environmental risk? These forces that Paul is studying are international forces. _____ forces lead to new developments in methods for transforming resources into goods or services. For example, stresses within the European Union (including the United Kingdom's recent decision to exit the EU) may have global ramifications. Ole McDonald, a successful farm equipment supply company in the Midwest, has joined forces with A-Plus Supply, a national hardware and home retailer. The benefits of closing the stores outweigh the benefits of keeping them open. The evolution of the concept of sustainable development: synthesis main approaches Year Event 1951 International Union for the Nature Conservation published the first report on the global environment, which aims to search for reconciliation between economy and ecology. Jane, a successful store manager, leads her employees by encouraging them and showing that she genuinely believes in them. Paul rationalizes that it is fine to steal the money because he needs it more than the person whom the money belongs to. Sustainable Energy Production. He is looking at the current economic, political, legal, and technological global forces in that country that can affect the success of his company's expansion into the new area. When making ethical decisions, it is important to start with moral ______, which means one realizes that the issue has ethical implications, What is the role of courage in carrying out moral judgments that could rise to confilct, A) It is necessary to take actions consistent with your ethical decisions, Under the _______, reporting systems should be expanded to give access to customers, suppliers, shareholders, associates of employees, and others who could potentially report fraudulent acts and violations of the law, Corporate social responsibility (CSR) is the obligation, Which area of responsibility, that corresponds to doing what global stakeholders desire, is at the top of the pyramid responsibility and performance. B. rely on the tax base from companies and the jobs the company provides. Social sustainability has had considerably less attention in public dialogue than economic and environmental sustainability. Fossil Fuels. Among the following, what is likely to be categorized as a philanthropic endeavor, E) Making a wide variety of charitable contributions to community organizations. Greg knows that correcting the problem will delay the introduction of the product, and be expensive due to possible order cancelations and added advertising costs. It is all of these, and also includes the passion found in the values, ethics, and cultural heritage of people. Many people find it difficult to secure employment due to their lack of vocational training. B) Ecologically unsustainable consumption of natural resources. The underlying economic conditions for growth that is inclusive, environmentally sustainable and conducive to employment creation are a basic prerequisite for generating income and bringing about a permanent reduction in poverty. Pete, a cook, said that "Just today, Joe, our manager, called our supplier to let them know we received an extra case of tomatoes that we did not pay for. Shane, a sales manager, remarked that typically, her employees sincerely and positively overstate their job performance and abilities. C. Economic + Environmental Sustainability = Viable. Obstacles to Sustainable Development. (True/False), The employees of a production facility that produce parts for boats are meeting to discuss ways to control rising costs, which are affecting their bonus (incentive pay). Main navigation. Sustainable management takes the concepts from sustainability and synthesizes them with the concepts of management. What is a synonym for the macro-environment? (True/False), Pleasant Resort, a successful 100-year-old hotel and resort, entered into a co-marketing arrangement with A-Plus Hotels, a five-star hotel chain. To remain sustainable, liveable and competitive cities need urban managers who are well-trained in policy development and good governance. The economic pillar of sustainability is where most businesses feel they are on firm ground. Be the first to hear what's new, and learn about the latest research, events and more. Bernard (Bernie) Madoff used money from newer investors to pay off older investors. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. D) Integrity-based programs are for lower level employees only. D. All of the above. Selection and/or peer review under responsibility of the Faculty of Tourism and Hospitality doi: 10.1016/j.sbspro.2012.05.022 Conference Title Planning of sustainable tourism development Katerina Angelevska-Najdeska a* , Gabriela Rakicevik b a Faculty of tourism and … Likewise, sustainable development is not strictly a problem of science or engineering or economics or proper management. The goal of sustainable agriculture is to meet society’s food and textile needs in the present without compromising the ability of future generations to meet their own needs. So when asked to serve on its board of directors, she gladly accepted the invitation. Healthy life is an outcome of sustainable development, as well as a powerful and undervalued means of achieving it. The growth of environmental movements has put the debate over sustainable development front and center. (True/False), Prior to a 2010 natural-gas pipeline explosion in San Bruno, California, Pacific Gas & Electric chose to use its surplus revenues to improve safety, an example of ethical decision making. For example, some cities in the United States (including New York and San Francisco) have set the minimum wage far above the federally mandated minimum wage. A suggestion for Greening the UN Indicator of Social and Economic Welfare, Wuppertal Institute, Wuppertal. A/RES/70/193 - International Year of Sustainable Tourism for Development, 2017. Which of the following might explain Alonzo's behavior? Sustainable development of human resources can be achieved … (True/False), The task environment of Top-Notch Sewing consists of just two groups, customers and stockholders, who give the employees and management of Top-Notch the daily tasks that the company's employees will handle. Ole McDonald and A-Plus Supply are now, Since the 1950s, the percentage of the U.S. labor force represented by unions has, Local communities are stakeholders of organizations because communities. Sustainable Urban and Rural Development. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. Die internationale Staatengemeinschaft hat mit der Verabschiedung der Agenda 2030 für nachhaltige Entwicklung ein starkes Signal zu einer neuen globalen Partnerschaft gesendet: Entwicklungsländer, Schwellenländer und Industriestaaten haben sich auf 17 ehrgeizige Ziele für eine nachhaltige globale Entwicklung (Sustainable Development Goals = SDGs) geeinigt. To focus on improving company customer service this year, the CEO of a pet food manufacturer outlined a list of stakeholders to concentrate on: distributors, local communities, and the mass media. Sustainable development is a concept that appeared for the first time in 1987 with the publication of the Brundtland Report, warning of the negative environmental consequences of economic growth and globalization, which tried to find possible solutions to the problems caused by industrialization and population growth. Address environmental and social concerns through policies, practices and initiatives with others. 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