Exam II Flashcards
Kennametal’s Triple Bottom Line
People - social
Profit - economic
Planet - global
Kennametal - What are the benefits of improving lighting in the facility? - People
(Multiple select question)
- Happy customers
- Decrease injuries
- Increase productivity (can see better)
- More alert
- Less headaches
- Increased morale
- cleaner
Kennametal - What are the benefits of improving lighting in the facility? - Profit
(Multiple select question)
- Less down time
- Costs savings (500,000 every month)
- Increase productivity
- Customers tours
- Moral up
- Better employment interaction
Kennametal - What are the benefits of improving lighting in the facility? - Planet
(Multiple select question)
- Less waste
- Less energy used
What is the classic definition of Sustainable Development?
“Development that meets the needs of the present without compromising the ability of future generations to meet their own needs”
Stewardship model
The responsible management of resources
- Our license to operate showing the public and government that we are using our resources wisely
- Ex: Alcoa
Basket of Goods
All the modern conveniences we use on a daily basis
How many Earth’s would we need for everyone to live equally?
5 Earths!
What are the two ways we could change the intensity of resource usage?
Conservation - same utility but use less
Innovation - creating a new way/product/replacement
What is the IPCC?
Intergovernmental Panel on Climate Change
Created by the United Nations to observe, analyze the past, and model the future of global climate change
Video: PWC and Climate Change
2009 IPCC world summit
important as a business to have a sustainability and climate focus
Video: Climate Change Debate
Pres. Sierra Club = attacks oil companies
Pres. Exxon Mobile = focuses on the different types of renewable options; where are we going to go?
Both think climate change is an issue, different ways to go about it
How does Climate Change effect businesses?
through incentives, regulation, and public pressure
Video: What does SAS do for sustainability within their company?
Energy: solar farm; sheep to mow grass; region drive elevators; LEDs and CFLs on a mgmt system
Recycling: composting; educating workers
Green Building: 1/3 = recycled product; giving coffee mugs to limit paper waste
SKF in Landsdale
wanted to be LEED certified = use of geothermal heating a cooling
If you do these things the gov will give you a tax break
Sustainability importance in an organization: who supports and who doesn’t?
The top managers have the highest percentage of caring but it needs to be driven down the lowest levels of employment to be fully integrated and engaged!
Decreases as you go down the chain
LED vs. CFL vs. Std
LED = most energy efficient but cost the most
CFL = transitional bulb; very dangerous b/c mercury
Std = why do we even sell these anymore?
What are the top three sustainability standards boards?
- Global Reporting Initiative (GRI) - frameworks for sustainability
- Dow Jones Sustainability Index (DJSI) - report your company info here
- Sustainable Accounting Standards Board (SASB) - Making sustainable accounting practices and integrated reporting
What does LEED stand for?
Leadership in Energy and Environmental Design
What is the US Green Building Council?
They set the sustainability standards for building in the US
They are the one’s that certify LEED buildings
Why is sustainability important to all smeal majors?
They need to be integrated and working together in an organization to drive sustainability into the business in the future
What was the overall theme of Dan Guide’s Guest Speech?
Sustainable Industrial systems: both environmental and economic
Dan guide: Major 2 Environmental Impacts of Industry
- Climate Change
2. E-Waste (device life span decrease)
Dan Guide: What’s the problem of sustainability?
need to design systems that are economically AND environmentally sustainable
At the end of the day we’re still a business so you need to find a way for sustainable practices to create value
If businesses don’t take these actions on their own, then they will be forced to by the government
Wally Triplett and PSU
We Are chant
wouldn’t let our black football player in Miami game = whole team isn’t going so go fuck yourself
Why Boys Fail: Richard Whitmire
Education: men had easier access to education then women; now women receive majority of bachelor’s degrees but aren’t given the same treatment
Video: 30% Club
Commit 30% of roles to women at every level
Change the way we hire and recruit, supported by CEO and top leaders
Def: Social Issue
something everyone believes is an issue but can’t agree on how to fix it
Traditional Diversity
Started with race and gender and then expanded a little bit
Then became more about the protected classes: sex orientation, religion, disability status, age, etc.
Contemporary Diversity (4 lenses)
- Innermost - personality
- Internal - race, age, gender, ability, ethnicity
- External - education, habits, hobbies, work exp, etc.
- Organizational - location, function, level go mgmt, job title, field, seniority
Business Definition of Diversity
creating an environment where we recruit, develop, and leverage the best talent to achieve business goals and profitability
Video: Touching Strangers
bringing different people together even though they have never met; most of us have a human instinct the become immediately connected
What were each of these amendments for?
13th
14th
15th
13th - freed the slaves
14th - gave them citizenship
15th - gave them the right to vote
NOT ALL IMMEDIATELY IN PLACE HENCE CHANGE TO CIVIL RIGHTS ERA
Eli Whitney and the cotton gin (1793): benefit and side effect
benefit - able to do job much faster = growth in cotton industry and clothes are now cheaper
side effect - more slaves brought in to feed this system and keep production high
Plessy v. Ferguson (1896)
Says segregation is allowed
separate but equal
Bown v. Board of Education (1954)
Girl had to go to different school b/c black = argument that separation is not equal!
Segregation is now illegal but HUGE pushback from the southern white population
What is the EEOC?
Equal Employment Opportunity Commission
Title VII of the Civil Rights Act of 1964
federal law that prohibits employers from discriminating against employees on the basis of sex, race, color, national origin, and religion.
Equal Pay Act of 1963
federal law amending the Fair Labor Standards Act, aimed at abolishing wage disparity based on sex
Age Discrimination in Employment Act 1967
forbids employment discrimination against anyone at least 40 years of age in the United States
Title I of the ADA 1990
prohibits private employers, State and local governments, employment agencies and labor unions from discriminating against qualified individuals with disabilities in job application procedures, hiring, firing, advancement, compensation, job training, and other terms, conditions, and privileges of employment.
Section 510 Rehabilitation Act 1973
all medical equipment is accessible to, and usable by, individuals with accessibility needs, and shall allow independent entry to, use of, and exit from the equipment by such individuals to the maximum extent possible.
Civil Rights Act of 1991
It provided the right to trial by jury on discrimination claims and introduced the possibility of emotional distress damages, while limiting the amount that a jury could award.
Abercrombie and Fitch Case
didn’t want fat people wearing their clothes or working for them = discrimination
Discrimination Defintion
the overt or subtle denial of opportunity
What was the 3 step profession of diversity in the United States within corporations?
- Affirmative Action
- Diversity Training
- Managing diversity
All in response to civil rights legislation
Def: Affirmative Action
taking positive steps to hire and promote people from groups previously discriminated against
3 Areas Affirmative Action Programs touched
- Employment and businesses
- education and universities
- federal government contractors
What are the 2 approaches to Affirmative Action programs?
Soft - passive nondiscrimination and pure AA (seeking out certain types of people)
Hard - AA with preferences and hard quotas
Disparate treatment vs. disparate impact
DT: treating someone differently
DI: treating a whole group differently
Diversity Training: what is effective?
focus on communication, culture, and behavior
NOT attitudes and bias
Managing Diversity
senior executives on board
adress all issues
use as business leverage
U.S Census Data shows which group experiencing the most population growth by 2040?
Asians and hispanics
According to the Department of Labor, the ethnic composition of the workforce is slowly becoming….
No majority white; it’s at 51% now and other ethnicities are increasing in numbers
What do you need to know about the Aging population in the United States?
There is starting to be more and more people 65+ in the US which means you need to close the gap between the young and the old as much as possible
know how to manage them and their needs to keep them in the workforce
Def: Diversity
creating an environment where we recruit, develop, and leverage the best talent to achieve business goals profitably (open doors) (equal opportunity)
Def: Inclusion
Proactively working to insure all employee’s cultures are valued so everyone can contribute to their full potential (keeps doors open) (keeping opportunity)
Silicon Valley and Diversity?
Seems as though they are lacking in diversity
have to combat the issue of white/asian male dominated work force but there isn’t enough diverse people going to study this
Complicated
What is an ERG?
Employee Resource Group (affinity group)
ex. Dell gennext, females, disability, etc.
Creates a sense of community, go for focus group, help/mentoring
