Exam 4: Environment, Technology, and Sustainability

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The managers of Vortex Inc. stresses the importance of team norms, business ethics, and respect for human rights in the organization. This implies that the organization is working on the _____ conditions in the organizational environment.

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C

The triple ____ line assesses the economic, social, and environmental performance of organizations.

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The government of Klayoland introduces a new program whereby it initiated all its business enterprises to adopt "green values", and minimize and recycle its waste disposal. Which of the following conditions has the government taken care of by this decision?

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D

Which of the following creates products or services that become so widely used that they largely replace prior practices and competitors?

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A business model innovation results in:

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Which of the following is an example of human sustainability?

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Inflation, income levels, and job outlook are part of the sociocultural conditions in the general environment.

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Risk taking is a way to step forward and try new things.

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Businesses do not consider natural environment conditions when creating products because consumer demand is lacking.

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Which of the following is an example of a social business innovation?

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Which of the following steps in the innovation process consists of implementing what has been learned and commercializing new products or services?

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Which of the following illustrates a firm that has achieved competitive advantage through flexibility?

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Comtrot, a mobile application developer, outsourced the development of an application to a cheaper location in another country. The application would notify users about their blood pressures twice a week. The final product was marketed in the country of Comtrot's origin. Which of the following does this situation demonstrate?

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Environmental capital is the supply of natural resources that we use to sustain life and produce goods and services for society.

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Lewang has decided to launch an innovative product that would help the blind access their mails through a voice application. He has finished designing the product and accessing the costs and its market applicability. Keeping in mind Hamel's "wheel of Innovation", what is the next step that Lewang should ideally undertake?

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The ____ environment consists of economic, legal-political, sociocultural, technological, and natural environment conditions in which the organization operates.

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Competitive advantage achieved through costs will help an organization earn profits with prices that one's competitors have difficulty matching.

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Competitive ____ is something that an organization does extremely well, is difficult to copy, and that gives it an advantage over competitors in the marketplace.

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Which of the following holds true regarding sustainable businesses?

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Stakeholders:

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