MNG4801 Preparations: Previous Exam Questions and Answers

MNG4801 Preparations: Previous Exam Questions and Answers . Definition of 'Corporate Citizenship' Corporate Citizenship means developing mutually beneficial, interactive and trusting relationships between the companies and its stakeholders through the implementation of the company’s strategies and operating practices. Being a good corporate citizen means treating all of a company’s stakeholders and the natural environment with dignity and respect, being aware of the company’s impacts on stakeholders and working collaboratively with them when appropriate to achieve mutually desired results. "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains within it two key concepts: 1. The concept of needs, in particular the essential needs of the world's poor, to which overriding priority should be given; and 2. The idea of limitations imposed by the state of technology and social organization on the environment's ability to meet present and future needs."