final Flashcards
___ today influence companies and public authorities
citizens
in the past, businesses were more worried most about ____
profit
more concerned with social welfare and environmental protection and sustainability
new business paradigm
_____ not ___ are the driving force
consumers
governments
almost standard that investors want ____ ____ or something similar
leed certifications
theres many hotels that don’t comply with what?
the simplest of sustainability measures
_____ is a relatively new concept added to world of business
Corporate Social Responsbility
what is viewed as yardstick for ethical standards of business?
CSR
In the past, social dimensions were neglected and business only focused on what?
environmental strategies
CSR is concerned with a ____ obligations to be accountable
companies
Trends that effect business in general: \_\_\_\_ of markets \_\_\_\_\_ of supply chains \_\_\_\_\_\_ competition \_\_\_\_\_\_ changes \_\_\_\_\_\_\_ challenges
globalization globalization intense demographics environmental
____ _____ must rank among highest priorities within the hospitality industry
environmental protection
16 environmental management concepts under business charter of sustainable development
International Chamber of Commerce
ICC: Policies programs and practices for performing operations in a environmentally sound manner
Corporate Priority
ICC: Educate, train, and motivate employees to conduct their job in an environmental responsible manner
Employee Education
ICC: Advice and educate customers and other regarding safe overall use/disposal of products
Customer Advice
each company should have own what? and are usually measured against what?
Environmental Management System
industry standards or codes of practice
business in todays world not only makes a ____ but should be accountable to what two things?
profit
stakeholders and contributing to a better world
local community should what?
benefit from the presence of the business
governments determine ____ and ____ that business must follow
laws
regulations
organization that is run by employees that deals with wages, benefits, and working hours
Unions
maintain or improve conditions of employment
most common purpose of unions
____ _____ partnerships are encouraged
cross sector
known as business ethics and corporate citizenship and corporate accountability
CSR
businesses need to be a good _____ ____
corporate citizen
also known as corporate giving
corporate philanthropy
profits from corporate philanthropy are given to what?
charitable organizations
benefits of CSR
_____ financial performance
______ sales and customer loyalty
____ ability to attract and retain employees
increased
increased
increased
corporate image highlights what programs? that DOES BECOME A PR PIECE
charities and donations
Greenwash accountability: business strategies
____ policies
_____ and agreement on objectives
_____ across the board using committees
clear
commitment
coordination
organizations that have business, strategies, activities, products, and services that meet needs of the enterprise and it’s stakeholders in short term while protecting and enhancing human and natural resources for future generations
Social Entrepreneurship
social entrepreneurship can mean ____ things to ____ people
different
different
what does EMS stand for?
Environmental Management System
EMS embraces both ___ and ____ activities which are aimed at reducing environmental negative impacts caused by a company operations
technical
organizational
EMS is also viewed as what?
a management tool that permits company to be an organization to control and reduce environmental impacts
2 principles of EMS:
1- ____ and ____ environment impact of activities, products, and services
2- _____ of info. with employees, communities, and consumers
1- identify and control
2-transparency