Week 9 Flashcards

1
Q

What are implications for business?

A

Regulation - Must do
Ethical behaviour - Expected to do
Sustainable business - Smart & good to do

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2
Q

Sustainable development goals

A

The SDGs present 17 areas (the goals) that need to be addressed by 2030 in order to create a better more sustainable future in order to combat global challenges.

The question, however, raises whether a business can address sustainability issues based on 17 high-level goals and become a corporate citizen.

In other words, can the SDGs be operationalized by business?

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3
Q

Sustainable development goals with more detail

A

Break down on how to reach the goals
into more specific targets business can work with

Example: No poverty

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4
Q

The sustainability interpretation 3

A

Determinant of change,
Vision
Mission of the company

is as the description already says the best approach. There are several ways of companies then integrate sustainability

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5
Q

How is sustainability being integrated?

Integration happens mainly through innovation

A
Business model innovation (decoupling)
Economic innovation
Technical innovation (things that improve effectiveness)

effectiveness technologies also refer to business model innovation

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6
Q

Circular economy philosophy
Creating two distinct circular loops

Biological

A

Cascades

Biochemical feedstock

Composting/ Extraction

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7
Q

Circular economy philosophy

Creating two distinct circular loops

A

Maintain/Share
Reuse/Redistribute
Refurbish/Remanufacture
Recycle

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8
Q

Circular Business Models

A

Taking recycling, reverse logistics into the business

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9
Q

Circular Business Models

Circular Supplies

A

Renewable and biodegradable resources

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10
Q

Circular Business Models

Resource recovery

A

Recover value through recycling, upcycling

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11
Q

Circular Business Models

Life cycle extension

A

Design for modularity and optimal resource recovery

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12
Q

Circular Business Models

Sharing Platform

A

Promoting collaboration by offering a platform for demand and supply

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13
Q

Circular Business Models

Product as a service

A

Shifting from volume to performance

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14
Q

Circular Economy Enablers

A

Accelerated growth through digital, engineering and mix of those

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15
Q

Circular Economy Enablers

Digital

A

Blockchain
Cloud
Mobile
Big data

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16
Q

Circular Economy Enablers

Hybrid

A

3D Printing

Trace

17
Q

Circular Economy Enablers

Engineering

A

Materials
Advanced recycling
Modular design

18
Q

Circular Economy Capabilities

A

capability shifts for circular business models

19
Q

Circular Economy Capabilities

Strategy

A

From focus only in the core business to manage complex and collaborative networks

20
Q

Circular Economy Capabilities

Innovation & product development

A

From designing for single-use to designing for many life cycles and users

21
Q

Circular Economy Capabilities

Sourcing and manufacturing

A

From homogenous supply chains to heterogeneous resource flow innovation and cascading

22
Q

Circular Economy Capabilities

Sales & product use

A

From never seeing your product again to customer and asset lifecycle management

23
Q

Circular Economy Capabilities

Return chains

A

from compliance to opportunity-driven take-back