Asked by Jenica Fabrigas on Jul 05, 2024
Verified
Patagonia has adopted a ________ approach to environmental issues, a synergistic use of resources to address key stakeholders' interests and achieve both organizational and societal benefits.
A) social entrepreneurship
B) cause-related marketing
C) strategic philanthropy
D) social enterprise
E) market orientation
Social Entrepreneurship
A practice of starting companies and other organizations to develop, fund, and implement solutions to social, cultural, or environmental issues.
Cause-related Marketing
A marketing strategy where businesses partner with causes or nonprofit organizations to promote a social issue or cause as part of their marketing efforts and to benefit mutually.
Strategic Philanthropy
Strategic philanthropy is a form of corporate social responsibility where companies align charitable activities with their business goals, often to achieve both social and business benefits.
- Explore various approaches businesses can adopt to address environmental issues and benefit society.
Verified Answer
Learning Objectives
- Explore various approaches businesses can adopt to address environmental issues and benefit society.
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