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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern