Sustainability in business Flashcards
Business case
justification for a proposed project or undertaking on the basis of its expected commercial benefit. Evaluates the benefit, cost and risk of alternative options and provides a rationale for the preferred solution.
5 Business imperatives
Zero carbon
Minimise space we use
Return ocean to good health
Eliminate waste
Reimagine success- reframe economic growth as not being important if we’re sacrificing the environment to achieve it.
Business case vs Business plan: organised around
Organised around a single action vs Business as a whole
Business case vs Business plan: prediction
Predicts cash flow results vs business performance
Business case vs Business plan: focus
Focuses on goals and action vs goals for business entity and focus on business strategy
Business case vs Business plan: based on
based on cost model benefits vs Business model
Business case vs Business plan: measures
Financial metrics and important non-financial impacts vs business performance and health
Business case vs Business plan: In a non-profit or gov org
To the service of population vs focus on funding and budgetary needs.
7 Business Benefits of sustainability
Increased energy, reduced energy, reduced waste, reduced materials, increased productivity, reduced turn-over, reduced risk.
