The Environmental Study (Scenario)
You have just been challenged by your supervisor to study and report your findings on approaches that organizations use when dealing with the environment. Your boss tells you to study the four major approaches, differentiate among them, and report to him in a week.
-Under what approach does the organization work to meet the environmental demands of multiple groups of people including employees, suppliers, or the community?

Question

Quizplus · Accepted Answer

The stakeholder approach focuses on meeting the demands of all stakeholders, including employees, suppliers, and the community, by making decisions that take into account their interests and concerns. This approach aims to balance the needs and interests of all groups, including the environment, to create sustainable outcomes. The legal approach only focuses on meeting environmental regulations and laws, while the activist approach takes an opposing stance to the organization, often fighting against their environmental practices. The market approach focuses on meeting the demands of consumers who are willing to pay for environmentally-friendly products or services.