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memo to Board of Directors.docx - MEMORANDUM TO: Board of...

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MEMORANDUMTO:Board of DirectorsFROM: Chief AnalystDATE: 9/30/2022SUBJECT: Evaluation of Sustainable Strategy for the RestaurantWhen considering a sustainable strategy for a restaurant, it is essential to think about thefinancial, environmental, and social outcomes of such a strategy. This memo will discuss thepossible positive and negative results of a sustainable design for our restaurant chain.Financial OutcomesPotential positive and negative financial outcomes are associated with a sustainable strategy forour restaurant chain. On the positive side, sustainability initiatives can help to reduce operatingcosts by increasing energy efficiency and reducing waste (Higgins-Desbiolles et al., 2019). Thiscan be achieved by installing energy-efficient equipment, using recycled and sustainable buildingmaterials, and implementing waste reduction practices. In addition, a sustainable strategy canalso help to boost revenue by attracting customers who are interested in supporting businesseswith sustainable practices.However, some potential negative financial devisees are also associated with a sustainablestrategy. For example, sustainability initiatives can be expensive, and some initial costs may berelated to changing our restaurant properties (Shim et al., 2021). A clear example is the costs

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Term
Winter
Professor
professor_unknown
Tags
Sustainable Strategy

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