Business Buzz 🤨 (unit 1)
Give one example of a sharing economy company that rents homes
Airbnb
What does CSR stand for?
Corporate Social Responsibility
What is telecommuting?
Working from home instead of the office
Eco-design
Designing products to use fewer resources and create less pollution
What is the main idea of the sharing economy?
Sharing resources like cars or homes through digital platforms instead of owning them
What is the goal of the circular economy?
To keep materials in use as long as possible and reduce waste
What is hybrid work?
A mix of working remotely and in the office
Waste Reduction
Reducing the amount of waste to help the environment and save costs
What is the benefit of Digital Transformation for businesses?
It helps companies work better and reach more customers
What are the main benefits of waste reduction?
Preservation of biodiversity, lowering production costs, showing commitment to sustainability and appealing to the public
What is talent management in times of change?
It is the strategy of supporting employees through rapid shifts (like digital transformation) by providing training, flexible roles, and clear communication.
Subscription
Paying regularly for a service
How does the use of data improve customer experience in businesses?
By understanding customer behavior to offer personalized service
Explain how can a local business apply the SDGs?
By focusing on where it can make the most positive impact and taking actions to help people and the environment
How can a company promote diversity and inclusion?
By implementing unbiased hiring practices, offering diversity training, and creating safe spaces where all employees feel respected and heard
Digital Transformation
Using tech to improve business
What is a subscription model, and how does it differ from a traditional one-time purchase?
Customers pay regularly for access instead of buying once
How are advances in corporate sustainability measured?
Businesses track metrics such as reduced carbon emissions, sustainable sourcing percentages, and improvements in employee welfare and community engagement
What are generational issues in the current workforce?
Different generations may prefer different communication styles, work-life balance expectations, and technology use
Managers need to bridge these gaps to keep teams cohesive
Platform
A digital place that connects people