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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Topic 2. The Circular Economy & Sustainability

Topic 2. The Circular Economy & Sustainability

Q 1. Watch the video on circular economy 2. The dilemma of two often contradictory requirements when it comes to sustainability in corporate social responsibility plans is (Deresky, 2014): 1. Selling at low prices. 2. Being environmentally and socially conscious. Competitive pressures limit the company's ability to raise prices in order to cover the cost of socially responsible policies. Obviously, these are contradictory to the well- being of societies (Deresky, 2014). Advocates of CSR view it as a "wealth creating opportunity," which may attract idealistic employees and new customers, and increases the potential for decreased capital cost (Vermaelen, 2011). On the other hand, critics of CSR view it as a form of taxation that may reduce the "value-creation process of capital" (p. 1). What is your position on this issue? Support your position with research. Deresky, H. (2014). International management: Managing across borders and cultures (8th ed.). Upper Saddle River NJ: Pearson Vermaelen, J. (2011). An innovative approach to funding CSR projects. Retrieved from www.hbr.org

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My position on the issue (of the dilemma of the circular economy producing enough opportunities or not for wealth or value-creation) is that the circular economy has the potential to create and sustain substantial value proposition for the customers, business-owners, employees, as well as the government of area of operations. This is because of the ways in which there can be returning of the purchased as well as consumed product to the recycling companies and then to the society and end-user (What is the circular economy? | CNBC Explains, 2018).