Question: The consequences for businesses when managers and executives do not effectively consider the impacts of their activities on society are often substantial. Thus, effective management
- The consequences for businesses when managers and executives do not effectively consider the impacts of their activities on society are often substantial. Thus, effective management of stakeholder impacts and relationships is critical.
True or false?
2. Why sustainability now demands out urgent attention? (more than one correct answers)
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| A) The consequences of mismanaging sustainability and stakeholder relationships can be significant and costly in terms of reputational damage and potential impacts on the bottom line. | |
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| B) Government regulations and industry codes of conduct require that companies must increasingly address sustainability | |
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| C) Because of their impact on environment, society, and economy, companies have a responsibility to manage sustainability. | |
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| D) Sustainability can also create financial value for the corporation through enhanced revenues and lower costs. |
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