Which answer best describes the perspective on value creation that the module outlines in order for businesses to be successful in the long term?

a. Businesses must focus on environmental value creation primarily as we are in a climate emergency and if businesses do not put environmental value first, we wont have a planet on which to do business. Social and economic value can then be generated once sufficient environmental value has been created.

b. Businesses need to first and or foremost focus on economic value creation in order to generate enough profit to enable the business to be stable and continue to grow enough to have surplus profit in order to then use this to create environmental and social value also. This is similar to the philanthropic model.

c. While this has not always been true, it is now essential that businesses focus on economic, environmental, and social value creation equally. Any business that neglects any of these three areas and over prioritised the others is at risk of unsustainable damage to the business.

d. While it is of course important to create economic and environmental value, business is essentially about people and therefore, businesses should prioritise social value creation. Once a company is maximising its internal social value and generating sufficient external social value, then it can do what it can to generate economic and environmental value also.