Management-and-evironment.docx - Business's Response to the...

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Business's Response to the Sustainability Challenge - Businesses alone cannot solve the environmental sustainability challenge that currently con- fronts us. It will take the combined efforts of governments, organizations, businesses, and individuals - businesses, and t - the people who man- age them, take a leadership role in tackling this challenge - top-level management approach analyzes an organizations current practices, sets sustainable development policies and objectives, and designs and executes an implementation plan that is integrated within an organizations overall strategic plan and supported by key metrics capable of measuring and monitoring success. - This commitment will be firmly rooted in the organizational culture and endorsed by members of the stakeholder community who recognize the critical need for environmental sustainability as a core component of the organizations DNA - rethink our approach to how we utilize our resources (eco-efficiency management) to develop the products and services we offer to the global marketplace. The process cannot, however, simply stop at the development of tactical initiatives. Management, supported by its stakeholder base and the community at large, must redefine the culture and the thought process of the entire business system Trade management is shifting the impact of trade and economic development away from being the primary driver of environmental harm and planet degradation, to that of a process that exists in an arena of environmental sustainability three critical trading practices: I. Participants in trade and economic development must agree to pay for the social costs of environmental degradation, demand and supply chain partners must adopt this practice aswell II. Participants across markets need to support and accept pricing policies that reflect the full cost of expenses incurred in order to achieve environmental sustainability. costs associated
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  • Summer '14
  • MichaelKhan
  • Management, environmental sustainability

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