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MGMT 2850 (8)
Chapter 9

MGMT 2850 Chapter 9: Ch 9 Sustainable Development and Global Business

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University of Denver
MGMT 2850
Novak Kathleen

CH 9 Sustainable Development and Global Business Natural capital: the worlds natural assets including its geology, soil, air, water and all living things Sustainable development: development that meets the needs of the present without compromising the ability of future generations to meet their own needs; ensuring a better quality of life for everyone, now and for generations to come Carrying capacity :the mximum population that the Earths ecosystem can support at a certain level of technological development Ecological footprint: the amount of land and water an individual or group needs to produce the resources it consumes and to absorb its waters, given prevailing technology o Technological innovation o Changing patterns of consumption o Getting the prices right Commons: any shared resource, such as land, air or water, that a group of people use collectively Climate change: changes in the Earths climate caused by increasing concentrations of carbon dioxide and other pollutants produced by human activity Global warming: the gradual warming of the earths climate, believed by most scientists to be caused by an increase in carbon dioxide and other trace gases in the Earths atmosphere resulting from human activity, mainly the burning of fossil fuels Ozone depletion Resource Scarcity: water and land Convention on climate change: first negotiated in 1992, an annual conference hosted by the UN to negotiate agreements to cut fossil fuel emissions that cause global warming Decline of Biodiversity: the number and variety of species and the range of their genetic makeup Threats to marine ecosystems: oceans and the salt marshes, lagoons, and tidal zones that border them, as well as the diverse communities of life that they support Responses: o Lifecycle analysis: collection information on the lifelong environmental impact of a product in order to minimize its adverse impacts at all stages, including design ,manufacture, use and disposal o Industrial ecology: designing factories and distribution systems as if they were selfcontained ecosystems, such as using waste from one process as raw material for another o Extended product responsibility: the idea that companies have a continuing responsibility for the environmental impacts of their products and services, even after they are sold o Carbon neutrality: when an organization or individual produces net zero emissions of greenhouse gases o Carbon offsets: investments in projects that remove carbon dioxide from the atmosphere
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