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Measuring success through social and environmental impact along with profit is an example of which approach?

Answer and explanation

Correct answer: Multidimensional performance evaluation

Multidimensional performance evaluation considers several dimensions of success, including financial results, social effects, environmental effects, and sometimes customer or employee outcomes. Profit remains relevant but is not the only measure. Financial-only evaluation is narrower, short-term thinking may ignore future impact, and customer service evaluation covers only one area.

Related tags

Multidimensional EvaluationSocial ImpactEnvironmental ResponsibilityQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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