{"id":35,"date":"2025-09-05T06:41:20","date_gmt":"2025-09-05T06:41:20","guid":{"rendered":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/2-5key-terms\/"},"modified":"2026-01-20T01:55:33","modified_gmt":"2026-01-20T01:55:33","slug":"2-5key-terms","status":"publish","type":"chapter","link":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/chapter\/2-5key-terms\/","title":{"raw":"2.5 Key Terms","rendered":"2.5 Key Terms"},"content":{"raw":"<div class=\"2.5key-terms\">\r\n<ul>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"324\"]Social Equity[\/pb_glossary]<\/strong>: The principle of fairness and justice in a business's treatment of all stakeholders, including employees, customers, and the community.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"302\"]Ethical Labor Practices[\/pb_glossary]<\/strong>: Ensuring fair wages, safe working conditions, and humane treatment of all workers, both within the company and throughout its supply chain.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"264\"]Community Engagement[\/pb_glossary]<\/strong>: A company's role as a \"good citizen\" that contributes positively to the well-being of its local community.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"283\"]Environmental Impact[\/pb_glossary]<\/strong>: The effect a business's operations have on the natural world.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"322\"]Resource Conservation[\/pb_glossary]<\/strong>: Practices focused on reducing the consumption of natural resources, such as using renewable energy, minimizing waste, and conserving water.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"278\"]Eco-friendly Materials[\/pb_glossary]<\/strong>: Sourcing and using materials that are less harmful to the environment.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"306\"]Financial Sustainability[\/pb_glossary]<\/strong>: The ability of a business to be profitable and remain viable over the long term.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"372\"]Value-based Customers[\/pb_glossary]<\/strong>: Attracting a customer base that supports the business not just for its products, but also for its social and environmental values.<\/li>\r\n \t<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong>[pb_glossary id=\"334\"]Sustainable Business Model[\/pb_glossary]<\/strong>: A strategic framework designed to ensure a company's long-term success by adapting to future challenges and changes.<\/li>\r\n<\/ul>\r\n<p class=\"import-NormalWeb\" style=\"text-align: justify; margin-left: 36pt;\"><\/p>\r\n\r\n<\/div>","rendered":"<div class=\"2.5key-terms\">\n<ul>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_324\">Social Equity<\/a><\/strong>: The principle of fairness and justice in a business&#8217;s treatment of all stakeholders, including employees, customers, and the community.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_302\">Ethical Labor Practices<\/a><\/strong>: Ensuring fair wages, safe working conditions, and humane treatment of all workers, both within the company and throughout its supply chain.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_264\">Community Engagement<\/a><\/strong>: A company&#8217;s role as a &#8220;good citizen&#8221; that contributes positively to the well-being of its local community.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_283\">Environmental Impact<\/a><\/strong>: The effect a business&#8217;s operations have on the natural world.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_322\">Resource Conservation<\/a><\/strong>: Practices focused on reducing the consumption of natural resources, such as using renewable energy, minimizing waste, and conserving water.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_278\">Eco-friendly Materials<\/a><\/strong>: Sourcing and using materials that are less harmful to the environment.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_306\">Financial Sustainability<\/a><\/strong>: The ability of a business to be profitable and remain viable over the long term.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_372\">Value-based Customers<\/a><\/strong>: Attracting a customer base that supports the business not just for its products, but also for its social and environmental values.<\/li>\n<li class=\"import-NormalWeb\" style=\"text-align: justify;\"><strong><a class=\"glossary-term\" aria-haspopup=\"dialog\" aria-describedby=\"definition\" href=\"#term_35_334\">Sustainable Business Model<\/a><\/strong>: A strategic framework designed to ensure a company&#8217;s long-term success by adapting to future challenges and changes.<\/li>\n<\/ul>\n<p class=\"import-NormalWeb\" style=\"text-align: justify; margin-left: 36pt;\">\n<\/div>\n<div class=\"glossary\"><span class=\"screen-reader-text\" id=\"definition\">definition<\/span><template id=\"term_35_324\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_324\"><div tabindex=\"-1\"><p>The principle of fairness and justice in a business's treatment of all stakeholders, including employees, customers, and the 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_35_302\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_302\"><div tabindex=\"-1\"><p>Ensuring fair wages, safe working conditions, and humane treatment of all workers, both within the company and throughout its supply chain.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_264\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_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_35_283\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_283\"><div tabindex=\"-1\"><p>The effect a business\u2019s operations have on the natural world.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_322\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_322\"><div tabindex=\"-1\"><p>Practices focused on reducing the consumption of natural resources, such as using renewable energy, minimizing waste, and conserving water.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_278\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_278\"><div tabindex=\"-1\"><p>Sourcing and using materials that are less harmful to the environment.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_306\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_306\"><div tabindex=\"-1\"><p>The ability of a business to be profitable and remain viable over the long term.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_372\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_372\"><div tabindex=\"-1\"><p>Attracting a customer base that supports the business not just for its products, but also for its social and environmental values.<\/p>\n<\/div><button><span aria-hidden=\"true\">&times;<\/span><span class=\"screen-reader-text\">Close definition<\/span><\/button><\/div><\/template><template id=\"term_35_334\"><div class=\"glossary__definition\" role=\"dialog\" data-id=\"term_35_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><\/div>","protected":false},"author":167,"menu_order":10,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-35","chapter","type-chapter","status-publish","hentry"],"part":3,"_links":{"self":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/35","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":14,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/35\/revisions"}],"predecessor-version":[{"id":373,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapters\/35\/revisions\/373"}],"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\/35\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/media?parent=35"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/pressbooks\/v2\/chapter-type?post=35"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/contributor?post=35"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/openbook.ums.edu.my\/sustainablestartup\/wp-json\/wp\/v2\/license?post=35"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}