Answer to Question #277671 in Management for jean

Question

Define sustainability in the context

of social responsibility. How does adopting this concept affect the way

businesses operate?

Answer 1

Sustainability refers to an organization's responsibility for its influence on its surroundings regarding business, the environment, and social issues. Sustainability is the skillful placement of a company in the economic reality, taking into consideration social and economic problems and opportunities and risks to the environment. Improves the bottom line. Making your firm more sustainable will generate more money and increase your bottom line. Reduced operating expenses, more inventive tactics, a better reputation, and more new consumers who respect sustainability contribute to sustainable firms earning more money.