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Discuss the interactions between strategic management and sustainable management in terms of the following: The...

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Accounting

Discuss the interactions between strategic management and sustainable management in terms of the following: The theoretical approaches of Strategic Management, the Triple Bottom Line, and the Balanced Scorecard to meet the economic, social, and environmental challenges of a sustainable management model. (3 marks) The challenges and benefits incorporating sustainability into strategic management in light of increasingly competitive markets. (3 marks) The challenges and benefits incorporating sustainability into strategic management in light of profits and doing the right things. (3 marks) The organization has shared interests with society; there are limits to economic growth, due to the need of preserving resources and ensuring their availability in the future. (3 marks) The difficulty in transiting to Sustainable management often ends up with it being scarcely carried out or even abandoned halfway down the process to in spite of the motivation and the understanding of the importance of sustainability for the future of the company and society. (3 marks)

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