1. Interface Inc. Model for Success

2.  In Unit 2 we looked at Political Economy and Culture and how it affects doing business globally Command economies: the government plans for and is in control of decisions regarding the goods and services-> state-owned enterprises Lack of incentive Market economies: profitable organizations are privately owned.  Eliminate monopolies/ antitrust laws

3. Mixed Economy: Great Britain, France & Sweden used to be mixed economies  There are some mixed economies that have reduced the percentage of state ownership like: Brazil, Italy and even India has reduced state ownership. What type of economy do you think the U.S. is now? What types are Russia and Japan?

4.  Common Law- built on English system involving precedent  Civil Law- Based on Codes – Germany, France, Japan, Russia.  Theocratic Law- Based on religious teachings CIGS= U.N. Conventions on Contracts for Int’l Sale and Goods (CIGS)

5. Corporate Social responsibility: The responsibility of an organization’s management to ensure that their firm interacts/impacts the community in which it exists in a sustainable and ethical manner.

6. Eliminate waste and toxic emissions:  http://www.interfacesustainability.com/Sustainabi lity/Progress-to-Zero.aspx http://www.interfacesustainability.com/Sustainabi lity/Progress-to-Zero.aspx Then go to Metrics on left hand bar  From 1995 until 2007 they saved close to $400 million U.S. dollars from eliminating Waste activities  Their use of toxic substances and emissions have been lowered 33% from 1996 -2007

7.  They reduced total carpet manufacturing waste from 15 million lbs. down to 5.5 million in 2007  133 million lbs. of material have been diverted from landfills from 1995-2007

8.  The use of water in the manufacturing process as well as employee use etc. has been reduced by 75% in modular carpet facilities and 45% in broadloom facilities from 1996 due to conservation efforts and eliminating some processes at some locations.

9. Renewable Energy:  Total energy used was down 45% from 1996 to 2007  Their goals are to reduce nonrenewable energy and increase use of renewable energy  In 2007- 69% is from Natural Gas, 3% grid electric, 27% renewable and 1% propane  http://www.interfacesustainability.com/metrics.ht ml

10. Recycling-  Interface, Inc. is using 25% recycled and bio- based raw materials in their carpeting manufacturing.

11. Resource efficiency – efficient transportation:  Using energy efficient cars and trucks.  Offsetting air miles by planting trees.  Using teleconferencing when at all possible. See site below re: Interface’s “Cool CO 2 MMUTE” http://www.interfacesustainability.com/circ.html

13.  Sensitizing stakeholders: Sustainable Company Retail Manufacture r Supplier Distribution

14.  http://www.interfacesustainability.com/Media- Center/Enhanced-Media.aspx Co. orders sustainable carpet Company picks color, materials and design Company installs carpet Company moves and redesigns existing carpet Co. sells co and carpet is recycled

15.  In Unit 4 we will talk about trade policy – How and why industry tariffs and subsidies affect a country  In Unit 5 we will examine Foreign Direct Investment- We will look at how political ideology (which we looked at in Unit 2) affects FDI as well as geography, trade agreements etc. Then in Unit 6 we look at Export/Import briefly for our next seminar.