Does the organization operate using a cost vs. benefit approach taking into consideration intrinsic and consequential costs/benefits?
Some may think that emphasizing social responsibility will be a financial drain on the organization too great to overcome. If that were the case, there would be no case for this new approach to management. Costs must be weighed against benefits – not just obvious costs or benefits. Benefits include increased productivity, customer loyalty, innovation, and countless others. 3. Are the finances of the operation managed to ensure long-term prosperity for all concerned? Risk is inherent in the business world. A business must invest in itself and its future, evaluating the risk of experimentation and development. Without continuing investment the organization is sure to stagnate, with too much emphasis on growth and development there is an abundance of waste. The organization just can’t keep up. To establish long-term prosperity, the financial plan must emphasize growth in a sustainable way.
