Sustainability and Business Ethics

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What is Sustainability?

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The ability of an organization or individual to meet present needs without compromising the ability of future generations to meet their own.

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What are the three focuses of a sustainable organization?

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Balancing economic, environmental, and social needs.

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What is one benefit of adopting sustainable practices in business?

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Increased Profit.

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How can sustainable practices affect productivity?

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They can lead to more efficient use of resources, reducing costs and improving operations.

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What can pursuing sustainability inspire in a business context?

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Increased Innovation.

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What is the first step for achieving sustainability?

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Set Sustainability Goals.

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Why is higher expertise important for sustainability?

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To ensure the organization has members with the necessary expertise to meet sustainability targets.

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What should organizations do to reward employees in sustainability initiatives?

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Incentivize staff who contribute to sustainability initiatives.

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What does business ethics refer to?

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The principles and standards guiding the behavior of individuals in the business environment.

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How can ethical practices impact productivity?

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They can lead to a motivated, productive workforce.