Topic 6

Question 1

What is sustainability?

Answer 1

Utilization of finite natural resources to ensure long-term viability.

Question 2

What is the Green Plan?

Answer 2

A national sustainability movement in Singapore involving collective action across all industries to target climate change.

Question 3

What does being carbon neutral mean?

Answer 3

Offsetting all greenhouse gas emissions.

Question 4

What is the goal of business sustainability management?

Answer 4

To ensure organizations are environmentally and socially responsible while remaining economically viable.

Question 5

How can companies build trust or reputation?

Answer 5

Through sustainability efforts and joining sustainability initiatives.

Question 6

What dual roles can the marketing department play regarding sustainability?

Answer 6

It can act as both a supervillain and superhero.

Question 7

How does digital storytelling influence sustainability?

Answer 7

It captures visual attention, processes sensory information, and facilitates understanding of sustainability issues, conveying possible outcomes.

Question 8

What role does blockchain technology play in sustainability?

Answer 8

It tracks and verifies goods and services throughout the supply chain from production to consumption.

Question 9

What is a decentralized network in blockchain technology?

Answer 9

A network that shows transparency in the supply chain involving all stakeholders.

Question 10

How does enterprise blockchain enhance sustainability in supply chains?

Answer 10

By tracing supply chains and promoting collaboration and information sharing, reducing environmental impacts.

Question 11

What are the integration challenges with digital technology in sustainability?

Answer 11

Time, resources, and the need for standardized participation and information exchange.

Question 12

What privacy concerns exist with blockchain in sustainability efforts?

Answer 12

Stakeholders may be concerned with privacy when sharing information.

Question 13

What are data quality challenges in blockchain technology?

Answer 13

Instances of inaccurate, incomplete, or inconsistent data entry which question its effectiveness.

Question 14

What regulatory challenges affect blockchain implementation?

Answer 14

Differences in international standards.

Question 15

What adaptation issues do supply chain members face with blockchain?

Answer 15

Lack of understanding and trust, leading to a wait-and-see attitude.

Question 16

Why is cost a major consideration in implementing digital technologies like blockchain?

Answer 16

High expenses involved in implementation and onboarding all parties.

Question 17

How do permissionless and permissioned blockchains differ?

Answer 17

Permissionless: open, public, and anonymous. Permissioned: restricted, private, and non-anonymous.

Question 18

What environmental metrics can digital technology help companies monitor?

Answer 18

Carbon emissions, resource consumption, waste production, and ecosystem impact.

Question 19

How can IoT be used in sustainability?

Answer 19

Through immersive AR and VR simulations to simulate environmental threats and reduce ecological concerns.

Question 20

What effect did a VR intervention have on participants’ perception of ocean acidification?

Answer 20

Increased concern and engagement with the environmental problem.

Question 21

How does gamification promote sustainability?

Answer 21

Creates competition and incentives, encouraging environmentally friendly behaviors and sustaining motivation.

Question 22

What is the significance of transparency in blockchain for sustainability?

Answer 22

Ensures all activities in the supply chain are visible to all stakeholders, promoting accountability and trust.

Question 23

How does digital technology enable sense-making of sustainability issues?

Answer 23

Through novel ways that influence how audiences process and interpret information about sustainability.

Question 24

What role does digital technology play in the traceability of the supply chain?

Answer 24

Ensures every stage from production to consumption is recorded and verifiable.

Question 25

What does it mean for a company to be economically viable while being sustainable?

Answer 25

Maintaining profitability and growth while adhering to environmental and social responsibilities.

Question 26

What are the benefits of joining sustainability initiatives for companies?

Answer 26

Enhances reputation, builds trust, and aligns with global sustainability standards.

Question 27

How can digital technology address the challenge of standardization in sustainability efforts?

Answer 27

By providing platforms that ensure uniform participation and data sharing among stakeholders.

Question 28

What impact does the cost of digital technology have on small versus large companies?

Answer 28

Larger financial strain on small companies due to high initial investment costs.

Question 29

How can companies ensure data quality in blockchain used for sustainability tracking?

Answer 29

By implementing rigorous verification processes to validate data before entry.

Question 30

What adaptations are necessary for companies to fully integrate digital technologies like blockchain?

Answer 30

Education and training to build understanding and trust among all stakeholders.