Scm 300 Module 8 Study Guide Graded A+

Reasons to be Socially Responsible {Ans: 1.Avoid Government Fines and Regulation - Governments are moving toward making many forms of social responsibility the law. Some companies seek to change before change is imposed upon them. 2. Seek Positive Public Image - Being seen as a socially progressive company may expand your market and dissuade regulation that might directly impact your organization. 3. Demonstrate Company Goals and Values - Customers and some of a company's best employees may value social responsibility. They might prefer if the company they work for or support has similar values. 4. Protect the Company's Interests - Some would argue that being good has many long-term rewards, even in business.}Sustainability {Ans: - In the world of business, one of the more commonly accepted definitions for sustainability and sustainable development is the one developed by the Bruntland Commission in 1987: Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their needs. Explained: Prior to the term sustainability, the term environmentalism was often used to define the realm of sustainability. The negative connotations associated with environmentalism made that term and any associated business projects seem non-business