What is sustainable development? Why is sustainability a dilemma for MNCs?
What will be an ideal response?
Sustainable development for business enterprises involves adopting business strategies and activities that meet the needs of the enterprise and its stakeholders today, while protecting, sustaining, and enhancing the human and natural resources that will be needed in the future. The dilemma for corporations is that they are faced with trying to meet two often contradictory requirements: (1 ) selling at low prices and (2 ) being environmentally and socially conscious. However, competitive pressures limit the company's ability to raise prices in order to cover the cost of socially responsible policies. This is obviously contradictory to the well-being of societies.
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Indicate whether the statement is true or false.
Whereas ________ is concerned with the means of getting things done, ________ is concerned with the ends, or attainment of organizational goals
A) effectiveness; efficiency B) efficiency; effectiveness C) effort; efficiency D) efficiency; experience