The Environment and Big Business


Length: 846 words (2.4 double-spaced pages)
Rating: Excellent
Open Document
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Text Preview

More ↓

Continue reading...

Open Document

Since the rise of environmental awareness, business and industry have always considered environmentalism a waste of time, only getting in the way of profits and production. From the perspective of business, environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices. What business an the economy doesn't know is that they can actually save money by being environmentally responsible, while protecting the very resources they depend on . The protection of the environment not only has intrinsic value, but also economical value. Business and industry, can also benefit. These factors can lead to a newly developed economy that protects what it needs instead of destroying it. Despite historical differences between advocates of business and the environment, the fact is the two can and must utilize eachother for the future success of both.

 

It is important, in order for the economy to see the environment worth something, to put an economic value on it. For this reason, a group of scientists for the Center for Social and Economic Research on the Global Environment have developed an economic valuation for the environment. According to them, it is necessary to impute a value to environmental goods or services (Pearce et al, online). This value is necessary because the economy needs to see that the protection of the environment can prove cost worthy to business and industry. The purpose of valuation is to show true costs of using up scarce environmental resources. It is a way for environmentalists and economists to put a dollar figure on the services the environment provides. Robert Costanza, an ecological economist from the University of Maryland, has done just this. The estimate of services provided by ecosystems worldwide is 33 trillion dollars annually, surpassing the gross national product of al the countries on earth combined by eight trillion dollars (Zimmer 105). The environment provides services not only commercially, such as timber, but also in less visible ways. For instance, forests protect from soil erosion, which proves costly to correct. With these facts in mind, depleting ecosystems an resources proves costly, while protection them can only save money.

 

Business and the American economy has much to gain by altering their current practices. One prime example of how protection the environment can prove beneficial to a company is a program created by 3M called Pollution Prevention Pays.

How to Cite this Page

MLA Citation:
"The Environment and Big Business." 123HelpMe.com. 29 May 2017
    <http://www.123HelpMe.com/view.asp?id=10870>.
Title Length Color Rating  
Overivew of China's Business Law and Environment Essay - Introduction Since 1979, China has opened up its purely socialist, state-run economy to include elements of the free-market system. By doing so, China is paving the way towards becoming an economic superpower. Nowadays, an increasing number of foreign investors are conducting business either with or in China. To do this successfully, foreign businessmen and professionals must prepare themselves by learning about the business environment in China. In addition, business regulations affect accounting work directly....   [tags: Business Environment, Private Sector Regulation]
:: 6 Works Cited
1921 words
(5.5 pages)
Better Essays [preview]
Influences of Business Environment Essay - The business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. The type of business, economic, government, and legal influences are major contributors to the business environment, Riordan Manufacturing, Huffman Trucking, Kudler Fine Foods, McBride Financial Services, The Elias Group, and Smith Systems are business that are affecting by those influences. Types of business may include sole proprietorship, partnership, limited partnership, corporation, limited liability partnership, limited liability company, c-corporation, and s-corporation....   [tags: Business Environment] 1343 words
(3.8 pages)
Strong Essays [preview]
Essay on Business vs. the Environment - Business vs. the Environment Business today has so many responsibilities. Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment. Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capital views....   [tags: Business Environment Poverty Economics Essays] 1416 words
(4 pages)
Strong Essays [preview]
Analysis Of The External Environment Of Business Essay - Analysis of the External Environment of Business The Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. It would be impossible to analyse the whole environment in one essay, I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out, it is one area that is forcing immense change in the external business environment....   [tags: Business Technology] 1591 words
(4.5 pages)
Powerful Essays [preview]
Essay on Analysis of the External Environment of Business - Analysis of the External Environment of Business A ‘business' is commonly defined as an organisation which provides goods or services in addition to transforming input into output. Its objectives can either be profitable or non-profitable. One of the main requirements that must be fulfilled for a business to exist is that it must act and react to activities and occurrences beyond that of the organisation. These factors that happen outside of the business are known as external influences or factors....   [tags: Business Technology Analysis] 1681 words
(4.8 pages)
Powerful Essays [preview]
Change in the Business Environment Essay - Many people will approach change in a business environment with pre-conceived anxiety and worries. However, this does not always need to be the case – many employers are using new strategies and tactics to promote business change in a positive light – methods such as empowerment, Kaizen production, and bottom-up change are becoming evermore popular with large companies. First though, I want to examine why workplace change is such a worry for so many staff. The underlying reason for worries about change is the reluctance to give-up the established organisational culture of a particular department or business – in a sense “the way we do things around here”....   [tags: Business Management] 1252 words
(3.6 pages)
Strong Essays [preview]
Essay on Business Environment - Weatherford International Ltd (WFT) a New York Stock Exchange (NYSE) listed company is one of the world’s leading oil and gas field service and equipment providers, its products and services span the oil/gas well’s life cycle, encompassing exploration, drilling, extraction and production of all forms of oil and gas. WFT employs more than 50,000 people and operates in more than 100 countries worldwide geographically segmented into four global regions that cover all major oil and gas-producing areas, North America: Latin America: Europe/West Africa/ Former Soviet Union: Middle East/North Africa/Asia, with four individual headquarters located, Houston, Moscow, Dubai, and Singapore....   [tags: Ethical Environment, Oil, Gas] 1932 words
(5.5 pages)
Strong Essays [preview]
Change in the Business Environment Essays - The business environment is always changing because there are new things that come up in business every day. The new ideas that are coming up in business can work well and remain in the business environment or fail and be removed from the business environment. When these ideas that get accepted to the business environment start to be used in the market, it is important that even the new businesses also start using them. The new businesses and the old ones can also choose not to accept the new ideas and refuse them using all the available economic tools....   [tags: Ideas, Business, Market, Methods, Customers]
:: 1 Works Cited
930 words
(2.7 pages)
Better Essays [preview]
The Environment and Big Business Essay - Since the rise of environmental awareness, business and industry have always considered environmentalism a waste of time, only getting in the way of profits and production. From the perspective of business, environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices. What business an the economy doesn't know is that they can actually save money by being environmentally responsible, while protecting the very resources they depend on ....   [tags: Environmental Problems, Environment Pollution] 846 words
(2.4 pages)
Strong Essays [preview]
Essay about Business Environment - In the business world, there are different types of business entities and can be categorized using different parameters. There are sole proprietorship businesses, partnerships, companies and others also exist as franchises. All of these types of business organizations have the objective of meeting client needs, make profits and grow from one level to another. Each business setup works differently from the other as they all have different platforms on which they run, with different goals, and also offering different services or goods....   [tags: client needs, plans, market forces]
:: 4 Works Cited
925 words
(2.6 pages)
Better Essays [preview]

Related Searches




This program creates incentives to prevent hazardous and toxic wastes by changing processes, redesigning equipment, and recovering waste for reuse or recycling. Since the program was designed in 1975, 3M has been able to save over $537 million, while reducing its air pollution by 10,000 tons, its wastewater by one billion gallons and its solid waste by 410,000 tons (Hawken 61). This is one example of a business making money fro preventative waste, while becoming environmentally responsible. While at the same time, not being environmentally responsible can cause businesses to lose money. The cost of cleaning up waste can be extremely expensive, while reducing waste and recycling can prove worthwhile. From a surface view, it would appear that the American economy doesn't need to make any change to its current practices. After all, the U.S. is one of the wealthiest nations in the world. The problem rests in the foundation of the economy. America was founded on and flourishes because of its natural resources, most of them non-renewable. These resources, such as petroleum, natural gas an timber, will run out someday, it is inevitable. Research of programs to prevent this or to incorporate alternate forms of energy have barely been researched. Perhaps the reason for this is that actions that deplete lands an species are rewarded in the market, because they are less expensive, while actions that preserve them are not (Schuss and Western 329). It is much less expensive, for instance, to buy a car that is fueled by gasoline than to buy a car that runs on hydrogen, even though hydrogen is a renewable resource an produces barely any waste.

 

As Paul Hawken, an environmentalist and author of "Ecology of Commerce", explains, "the single most damaging aspect of the present economic system is that the expense of destroying the earth is largely absent fro prices set at the marketplace" (13). Market prices set for products don't include the cost that future generations will have to pay to clean up the mess the current economy is fueling right now. An economy based on the rapid depletion of its own non-renewable resources is certainly destined for doom, while protection of these resources will save the businesses or corporations money while protecting what fuels it.

 

 

Works Cited

 

Hawken, Paul. "Ecology of Commerce". HarperCollins Publishing. 1993.

Pearce, David, Hadker, Nandidn, Whittington, Dale, and Dominic, Moran. "Economic Values and the Environment in the Developing World". http://unep.unep.org/unep/products/eeu/ecoserie/ecso14/ecos141.htm.

Schug, Mark, C. and Western, Richard, D. "An Economic Perspective on Protecting the Environment". Social Education v61 n6. October 1, 1997. Pgs 329-330.

Zimmer, Carl. "The Value of the Free Lunch". Discover. January 1998. Pgs. 104-105.


Return to 123HelpMe.com