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I&S MISI, What do businesses do? - Coggle Diagram

- - - - Essential in an ever changing world
  - - - Environmental Responsibility
        
        Saving energy, recycling, and cutting down on waste
      - Philanthropic Responsibility
        
        Donating money or time to local charities
      - Economic Responsibility
        
        Making money in a way that helps society grow over time
      - Ethical Responsibility
        
        Paying fair wages and treating workers safely
  - - - Increase revenue by 10% through expanding product offerings and increasing customer base
      - Reduce operational costs by 15% through automation
    - - Increase market share by 5% utilising competitive pricing strategies
      - Increase online sales by 20% through improving website functionality and usability
- - - - A circular business model type that focuses on utilising renewable, recyclable, and/or biodegradable resource inputs, replacing scarce and natural resources
    - - Focuses on recycling waste (e.g. glass, plastics, aluminium cans) into reusable (secondary) raw materials - diverting waste from final disposal
- - - - Company's goal and where it wants to be in the future
    - - What the company needs to achieve their goal - measurable
    - - The long-term plan of action to meet the objectives
    - - The short-term methods used to achieve objectives
- - - - Go into business to meet that need