View the step-by-step solution to: It is widely known that the primary objective of a firm is to

This question was answered on Apr 19, 2012. View the Answer
It is widely known that the primary objective of a firm is to increase shareholder wealth. This is challenging given the numerous aspects that firms must deal with to as it focuses on this goal which includes much more than basic financial decisions. As humans we naturally influence the world around us. Because of that, it is important to recognize that we depend wholly on the natural world as well. This is a complex relationship that is affected by many decisions made in business. To be clear, humans affect the natural world and the natural world affects humans. Knowing this, many businesses have recognized that they must formulate strategies that generate positive changes in the natural world.

Consider some of the environmental challenges that we deal with as humans such as changes in climate, natural disasters, water availability, pollution of air, water, and land, long-term damage to ecosystems, waste production and disposal; impacts of chemicals use and toxic substance disposal; damaged aquatic ecosystems; and deforestation and land degradation. All of these ultimately impact financial decisions of businesses and require companies to develop strategies and policies in an effort to manage business risks that occur in relation to one or more of these environmental challenges.

Here are some Websites that will get you started for this discussion. - /index.html - /corporate_social_responsibility.html

Let’s discuss!

Identify an industry or company that would impact natural resources (e.g. water, air, forest, eco-system, etc…) Discuss the natural resources that is impacted through business dealings and what the company can do to develop strategies that are beneficial to the stakeholders while also preventing damage of the natural resource. Finally, explain why the natural resources are important for the company to consider.
Sign up to view the entire interaction

Dear Student Please find... View the full answer


Arcelor Mittal the steel giant is committed to give back to the environment the natural resources
that have been hampered by its business product. It has impacted the resources of water, air

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors and customizable flashcards—available anywhere, anytime.


Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access or to earn money with our Marketplace.

    Browse Documents
  • 890,990,898

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
  • 890,990,898


    Browse existing sets or create your own using our digital flashcard system. A simple yet effective studying tool to help you earn the grade that you want!

    Browse Flashcards