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In: Operations Management

8. What’s the difference between sustainability and philanthropy?

8. What’s the difference between sustainability and philanthropy?

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Sustainability means that the process or the state can continue to a certain extent when needed. It described sustainable development as "meeting the needs of today and not undermining the ability to meet future generations."

Sustainability protects the environment, human health and the environment while driving innovation and does not interfere with our well-being.

Sustainable value is the ability to value in order to sustain an organization and the environment it contains. The success of economic development depends on a healthy and sustainable society.

In terms of business, sustainable development of companies and management and the integration of the environment, social and financial issues and challenges to achieve better, ethical and sustainable behavior.

Philanthropy is defined as promoting and aspiring to bring about social change by making great financial contributions. Philanthropist is a person who decides to invest some of the wealth, time, or knowledge of what he believes in the social sector.

Philanthropy social responsibilities include donation of funds, goods or services to other organizations or reasons.

Philanthropy is a charity or other good deed that helps another person or society as a whole. Philanthropy activities may include giving money for reasonable or voluntary reasons, time, effort or other forms of generosity.

The goal of philanthropy is to improve the well-being of civilization by preventing and solving social problems. Charity work is different from charity.


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