The ______ Is a Cycle Used by Firms Actively

question 144

Short Answer

The ______ is a cycle used by firms actively engaged in continuous improvement to train their work teams in problem solving.

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Definitions:

Social Responsibility

The duty of organizations to contribute positively to the society in which they operate and to the welfare of their stakeholders.

Corporate Social Action

Initiatives taken by a company to assess and take responsibility for its effects on environmental and social wellbeing.

Iron Law of Responsibility

The principle that businesses and organizations must act in a socially responsible way to maintain their societal legitimacy and ensure long-term success.

Socioeconomic

Relating to or concerned with the interaction of social and economic factors, often used to describe the social standing or class of an individual or group.