Why Should an Organization Learn from the "Tragedy of the Commons

question 22

Multiple Choice

Why should an organization learn from the "tragedy of the commons?"

• A) If your organization behaves responsibly, other organizations will take advantage of your absence in the competition. These actions of will negatively impact the sustainability of your organization because the price of goods and services will be undercut by your competition and deplete environmental resources
• B) The costs of not managing, or even exploiting, resources that aren't controlled are not sustainable and can cause organizational crisis
• C) To protect self-interest, an organization should back industry reforms whenever possible because the power of change is extra-organizational
• D) Mismanagement of human resources creates a ripple effect that can product huge impacts

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Definitions:

Due Diligence

The comprehensive appraisal of a business or individual prior to signing a contract, or an act with a certain standard of care.

Culture Management

The practice of developing and nurturing a specific set of behaviors, values, and practices within an organization.

Lower Absenteeism

Efforts or strategies aimed at reducing the number of occurrences where employees are absent from work without a good reason.

Mismanagement of Culture

Refers to the failure in effectively understanding, integrating, or valuing cultural differences within an organization, leading to conflicts and inefficiencies.