Questions: Identify the characteristics of progressive corporate cultures that give them an advantage over traditional compliance-based cultures. (Check all that apply) They focus solely on meeting legal requirements. They have a more stable bottom line. They minimize all risks. They are sustainable.

Identify the characteristics of progressive corporate cultures that give them an advantage over traditional compliance-based cultures. (Check all that apply)
They focus solely on meeting legal requirements.
They have a more stable bottom line.
They minimize all risks.
They are sustainable.
Transcript text: Identify the characteristics of progressive corporate cultures that give them an advantage over traditional compliance-based cultures. (Check all that apply) They focus solely on meeting legal requirements. They have a more stable bottom line. They minimize all risks. They are sustainable.
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Answer

The answer is:

  • They have a more stable bottom line.
  • They are sustainable.
Explanation
Option 1: They focus solely on meeting legal requirements.

This is not a characteristic of progressive corporate cultures. Progressive cultures go beyond just meeting legal requirements; they aim to integrate ethical practices and social responsibility into their core operations.

Option 2: They have a more stable bottom line.

Progressive corporate cultures often have a more stable bottom line because they focus on long-term sustainability and ethical practices, which can lead to increased trust and loyalty from customers and stakeholders.

Option 3: They minimize all risks.

While progressive cultures do focus on risk management, the statement "minimize all risks" is too absolute. They aim to manage and mitigate risks rather than eliminate them entirely, as some risks are inherent in business operations.

Option 4: They are sustainable.

Sustainability is a key characteristic of progressive corporate cultures. These cultures prioritize environmental, social, and economic sustainability, which can lead to long-term success and a positive reputation.

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