Sustainable Development and Business Practices

Sustainable development emerged in the 1980s to address global social and environmental issues. It aims to meet present needs without compromising future generations. The concept balances economic, social, and environmental goals. Companies can achieve sustainability by optimizing resources, enhancing employee engagement, and opening new markets. Sustainable development is crucial for addressing global challenges like inequality and climate change, and it offers a path to long-term success.

What prompted the emergence of the concept of sustainable development?

• Cultural shifts

• Economic recession

• Global social and environmental issues

• Technological advancements

What is one of the major challenges mentioned in relation to population growth?

• Feeding a growing population

• Decreasing birth rates

• Increasing unemployment rates

• Rising housing costs

How is sustainable development officially defined?

• Development that prioritizes technological innovation

• Development that meets present needs without compromising future generations

• Development that ignores environmental concerns

• Development that focuses solely on economic growth

What are the three main components of sustainability mentioned?

• Political stability, social equity, and technological advancement

• Environmental conservation, economic growth, and political reform

• Technological innovation, cultural preservation, and economic growth

• Economic goals, social responsibility, and environmental protection

How can companies create value through sustainable development?

• By reducing employee benefits

• By upgrading production tools to use less energy and water

• By focusing solely on profit maximization

• By ignoring environmental regulations

What is a benefit of offering eco-design products?

• Decreased product quality

• Increased material usage

• Higher shipping costs

• Reduced material usage and shipping costs

How does improving employees' quality of life at work benefit a company?

• It decreases employee engagement

• It strengthens employee engagement and performance

• It increases operational costs

• It reduces the need for training

What is a potential market opportunity mentioned for companies?

• Creating products for the world's poorest populations

• Reducing product variety

• Targeting only wealthy consumers

• Focusing on luxury goods

Why is monitoring suppliers' working conditions important?

• To minimize risks that could damage the company's image

• To increase production costs

• To ignore environmental standards

• To reduce product quality

What is the ultimate goal for companies embracing sustainable development?

• To achieve short-term profits

• To create long-term sustainable success

• To focus solely on environmental protection

• To reduce workforce size