{"id":30,"date":"2025-09-05T06:41:19","date_gmt":"2025-09-05T06:41:19","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/1-5-key-terms\/"},"modified":"2026-01-20T02:21:18","modified_gmt":"2026-01-20T02:21:18","slug":"1-5-key-terms","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/1-5-key-terms\/","title":{"raw":"1.5 Key Terms","rendered":"1.5 Key Terms"},"content":{"raw":"<div class=\"1.5-key-terms\">\r\n<ul>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-13\">[pb_glossary id=\"339\"]Sustainable Entrepreneurship[\/pb_glossary]<\/strong><span class=\"import-citation-13\">: The combination of traditional business goals with a concern for the environment and society.<\/span><\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-12\">[pb_glossary id=\"334\"]Sustainable Business Model[\/pb_glossary]<\/strong><span class=\"import-citation-12\">: A business strategy that prioritizes creating value for the planet and its people, not just for financial gain<\/span><\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-11\">[pb_glossary id=\"280\"]Eco-Friendly Practices[\/pb_glossary]<\/strong><span class=\"import-citation-11\">: Business actions aimed at reducing environmental harm, such as [pb_glossary id=\"377\"]waste reduction[\/pb_glossary], sustainable sourcing, and energy efficiency.<\/span><\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"326\"]Social Impact[\/pb_glossary]<\/strong>: A business's effect on society, including fair labor practices, [pb_glossary id=\"264\"]community engagement[\/pb_glossary], and solving social problems.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-10\">[pb_glossary id=\"256\"]Circular Economy[\/pb_glossary]<\/strong><span class=\"import-citation-10\">: An economic system aimed at eliminating waste and the continuous use of resources.<\/span> <span class=\"import-citation-9\">This is exemplified by the zero-waste store, The Hive.<\/span><\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-8\">[pb_glossary id=\"367\"]Upcycling[\/pb_glossary]<\/strong><span class=\"import-citation-8\">: The process of transforming discarded materials into new products of higher value or quality, as demonstrated by the <\/span><span class=\"import-citation-8\">Biji-Biji<\/span><span class=\"import-citation-8\"> Initiative.<\/span><\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-7\">[pb_glossary id=\"344\"]Sustainable Palm Oil Production[\/pb_glossary]<\/strong><span class=\"import-citation-7\">: An example of a large corporation (IOI Group) adopting environmentally and socially responsible practices within a major industry.<\/span><\/li>\r\n<\/ul>\r\n<\/div>","rendered":"<div class=\"1.5-key-terms\">\n<ul>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-13\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_339\">Sustainable Entrepreneurship<\/a><\/strong><span class=\"import-citation-13\">: The combination of traditional business goals with a concern for the environment and society.<\/span><\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-12\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_334\">Sustainable Business Model<\/a><\/strong><span class=\"import-citation-12\">: A business strategy that prioritizes creating value for the planet and its people, not just for financial gain<\/span><\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-11\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_280\">Eco-Friendly Practices<\/a><\/strong><span class=\"import-citation-11\">: Business actions aimed at reducing environmental harm, such as <a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_377\">waste reduction<\/a>, sustainable sourcing, and energy efficiency.<\/span><\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_326\">Social Impact<\/a><\/strong>: A business&#8217;s effect on society, including fair labor practices, <a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_264\">community engagement<\/a>, and solving social problems.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-10\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_256\">Circular Economy<\/a><\/strong><span class=\"import-citation-10\">: An economic system aimed at eliminating waste and the continuous use of resources.<\/span> <span class=\"import-citation-9\">This is exemplified by the zero-waste store, The Hive.<\/span><\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-8\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_367\">Upcycling<\/a><\/strong><span class=\"import-citation-8\">: The process of transforming discarded materials into new products of higher value or quality, as demonstrated by the <\/span><span class=\"import-citation-8\">Biji-Biji<\/span><span class=\"import-citation-8\"> Initiative.<\/span><\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong class=\"import-citation-7\"><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_30_344\">Sustainable Palm Oil Production<\/a><\/strong><span class=\"import-citation-7\">: An example of a large corporation (IOI Group) adopting environmentally and socially responsible practices within a major industry.<\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"glossary\"><span class=\"screen-reader-text\" id=\"definition\">definition<\/span><template id=\"term_30_339\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_339\"><div tabindex=\"-1\"><p>The combination of traditional business goals with a concern for the environment and society.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_334\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_334\"><div tabindex=\"-1\"><p>A strategic framework or business strategy that prioritizes creating value for the planet and its people, not just for financial gain. It is designed to ensure a company's long-term success by adapting to future challenges and changes.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_280\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_280\"><div tabindex=\"-1\"><p>Business actions aimed at reducing environmental harm, such as waste reduction, sustainable sourcing, and energy efficiency.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_377\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_377\"><div tabindex=\"-1\"><p>A core practice in sustainable supply chains that focuses on cutting down on waste at every stage, from production to delivery.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_326\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_326\"><div tabindex=\"-1\"><p>A business's effect on society, including fair labor practices, community engagement, and solving social problems.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_264\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_264\"><div tabindex=\"-1\"><p>A company\u2019s role as a \u201cgood citizen\u201d that contributes positively to the well-being of its local community.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_256\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_256\"><div tabindex=\"-1\"><p>An economic system aimed at eliminating waste and the continuous use of resources, where products and materials are kept in use for as long as possible.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_367\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_367\"><div tabindex=\"-1\"><p>The process of transforming discarded materials into new products of higher value or quality.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_30_344\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_30_344\"><div tabindex=\"-1\"><p>An example of a large corporation adopting environmentally and socially responsible practices within a major industry.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><\/div>","protected":false},"author":167,"menu_order":5,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-30","chapter","type-chapter","status-publish","hentry"],"part":3,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/users\/167"}],"version-history":[{"count":13,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/30\/revisions"}],"predecessor-version":[{"id":380,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/30\/revisions\/380"}],"part":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/parts\/3"}],"metadata":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/30\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/media?parent=30"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapter-type?post=30"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/contributor?post=30"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/license?post=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}