In the new economy,organizations are expected to continuously excel on meeting their performance criteria even if it means placing a lower priority on ethical and social responsibilities.

Question

Quizplus · Accepted Answer

In the new economy, organizations are increasingly expected to prioritize ethical and social responsibilities, along with meeting their performance criteria. This is known as the triple bottom line approach, which emphasizes the importance of social, environmental, and financial sustainability. Therefore, organizations cannot afford to place a lower priority on ethical and social responsibilities in the current business landscape.

In the New Economy,organizations Are Expected to Continuously Excel on Meeting