Which of the following concepts is primarily focused on enhancing both economic and environmental factors for future generations?

Explore key concepts for Clemson Principles of Management Exam. Test yourself with flashcards and multiple choice questions, all offering detailed explanations. Ace your exam preparation!

The concept primarily focused on enhancing both economic and environmental factors for future generations is sustainability. Sustainability involves meeting the needs of the present without compromising the ability of future generations to meet their own needs. This concept encompasses a balanced approach to economic growth, social equity, and environmental protection, promoting practices that ensure resources are used wisely and responsibly.

Sustainability is often integral to corporate social responsibility strategies, as organizations strive to minimize their environmental impact while maximizing their economic viability and benefiting society. This multifaceted approach is intended to create long-term value for stakeholders, protect natural resources, and avoid depleting the ecosystems that future generations depend on.

In contrast, the other concepts listed focus on specific aspects of management or technology. Telecommuting pertains to work arrangements that allow employees to work remotely, knowledge management involves capturing and utilizing organizational knowledge to enhance performance, and artificial intelligence relates to the creation of intelligent systems that can perform tasks that typically require human intelligence. While these concepts may contribute to sustainability in various ways, they do not primarily focus on the dual goal of enhancing economic and environmental factors as sustainability does.

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