How does the lack of knowledge about sustainability prevent companies from transitionning to th ecircular economy ?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter8: Strategic Analysis: Understanding A Firm’s Competitive Environment
Section8.3: A Firm's External Macro Environment: Pestel
Problem 2CC: What does PESTEL stand for? How do managers use PESTEL to understand their firms macro environment?
icon
Related questions
Question

How does the lack of knowledge about sustainability prevent companies from transitionning to th ecircular economy ?

Expert Solution
Step 1

Sustainability illustrates the attaining needs of the present without endangering the needs of future people. Sustainability is the responsibility of the companies. For example, a company is required to keep natural assets for future generations. A company is required to create plans for 100-400 years in advance.

Sustainability can be one of the corporate social responsibilities as it is the commitment of the company towards society, customers, suppliers, investors, government, etc. They provide the resources and working environment to a company to grow and gain profit. 

 

 

steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College
Marketing
Marketing
Marketing
ISBN:
9780357033791
Author:
Pride, William M
Publisher:
South Western Educational Publishing