Asked by Marisa Mckay on Jul 12, 2024
Verified
Practer Inc. aims to collaborate with other companies and achieve sustainability. When deciding whom to involve in its sustainability initiative, Practer Inc. should first:
A) check if its objectives are consistent with the potential partners.
B) map out who will be affected by the initiative.
C) create enter and exit strategies.
D) get the board of directors to buy into the collaboration.
Sustainability Initiative
Programs or projects aimed at promoting environmental, economic, and social sustainability within organizations and communities.
Potential Partners
Individuals, groups, or entities that a business may consider collaborating with for mutual benefit, often to expand markets or share resources.
Exit Strategies
Strategies for withdrawing from a business venture, investment, or situation.
- Understand the strategies for achieving sustainability in business operations.
- Identify the importance of collaboration with suppliers and partners for sustainable development.
- Recognize the importance of exit and entrance strategies in collaborative sustainability efforts.
Verified Answer
BB
Bailee BegnaudJul 15, 2024
Final Answer :
A
Explanation :
Ensuring that the objectives of Practer Inc. align with those of potential partners is crucial for a successful collaboration, especially in sustainability initiatives where shared values and goals are fundamental for long-term success.
Learning Objectives
- Understand the strategies for achieving sustainability in business operations.
- Identify the importance of collaboration with suppliers and partners for sustainable development.
- Recognize the importance of exit and entrance strategies in collaborative sustainability efforts.