Jeff Butcher and Rachel Hill pointed out the impacts of businesses on environments, by stating “The more of a product that is consumed or produced, the more of an externality that results” (Butcher, Jeff, & Hill, Rachel, 2006). Obviously, we can see that one product produced will bring benefit to consumer, sellers, and manufacturers. Meanwhile, one produced and consumed will cause negative externalities for environment. There is one fact we cannot deny that the more social life develops, the more externalities will be produced to the society. Daily living garbage, industrial wastes, carbon dioxide from factories are most outstanding examples to describe negative externalities to environment (Butcher, Jeff, & Hill, Rachel, 2006). In “The tragedy of the Commons”, Hardin showed us causes of negative externalities. He proved that people assume a...
... middle of paper ...
...ount of water use and prevent environmental pollution from not producing dying chemical waste to environment. Even though these actions will not solve all environment pollutions, they are good reflection of attempting to steps to increase positive externalities.
In conclusion, I have to say that there is a solid invisible relationship between impacts of businesses on environments, profitability of sustainable business, and responsibility of business. When one of these ones changes, it will effect to others. When a business adapts efficient and sustainable system, it will reduce negative externalities and increase positive externalities to environment. Once the business adapted efficient business model, it will reduce cost and maximize its profits. Obviously, the sustainable and efficient business model will make the business social more responsible to environments.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Introduction “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of the life of the workforce and their families as well as of the local community and the society at large” Source: World Business Council for Sustainable Development This research paper will try to investigate areas in which companies have struggled to uphold their responsibilities and develop ideas on how management can successfully implement a more effective model of social responsibility and ethical code.... [tags: Business ethics, Ethics]
943 words (2.7 pages)
- Construction industry is one of the significant industries in Canada. The low interest rates in Canada fuelled the demand of housing, which brings the Canadian construction industry with a CAGR of 2% between 2008 and 2012 (Companies and Markets, 2013). The fact is that building construction has a considerable effect on the environment. It is a major consumer of raw materials, land and energy, as well as generates a mass of Greenhouse gas and other pollution (USA EPA, 2008). According to the data from Statistics Canada (2012), the construction sector produced 2.1% of total Canadian industrial sector’s GHG emissions in 2008.... [tags: emission, reduction, practices, goal]
2244 words (6.4 pages)
- In the spirit of sustainable business operations, I have named my brewing company EcoBrew. The mission of EcoBrew will be “To provide an affordable and sustainable beer that quenches ones thirst for both a well-made brew and an ecologically sound business operation.” I plan to nestle the self-sustaining operation in a quiet valley along the Colorado River, in the New Castle area. The strategic placement of the main operation facility is in an attempt to provide adequate water for the agricultural needs of the business.... [tags: Wind power, Renewable energy, Sustainability]
1240 words (3.5 pages)
- Sustainability and Sustainable Business When it comes to defining the meaning of “sustainability”, there are many different perspectives from different people. One may say “sustainability” relates to “going green”, and another may conclude that it refers to reducing negative effects to the environment. These thoughts are not wrong at all, but I personally think “sustainability” in a broader concept since it can relate to many things such as business sustainability, social sustainability, or even human sustainability.... [tags: environment, profit, consumers]
1481 words (4.2 pages)
- sustainability mean to “going green” and reducing environmental impacts. Can firms generate profitability by simply becoming sustainable. I have asked myself these two questions when this course first started and had a hope to find out the answers by myself. Fortunately, things I have gotten from this class are even more than I expected. Now, I know not only the answers of those two questions but also many other interesting related concepts. This may be a great chance for me to interpret what I have studied to future students of this class or anyone who is interested in sustainability topic but does not have much knowledge about it.... [tags: going green, reducing environmental impacts]
2024 words (5.8 pages)
- Sustainable supply chains (SSC) are a process, which employ purchasing policies and procedures that assist sustainable development at the centers of tourism. This aspect of tourism is particularly vital to implementing feasible tour operator practices. The final tourist product featured in both glossy brochures and enticing websites must be considerate of viable sustainable supply chain management to create long lasting destinations for the consumer. This report will discuss the benefits and drawbacks of SSCs, and attempt to assess how SSCs are used as a popular management tool in the tourism industry.... [tags: Benefits, Disadvantages, Management Tool]
1101 words (3.1 pages)
- Introduction Since the Industrial Revolution of the late 1700’s and early 1800‘s organizations have become increasingly prosperous. With this rapid growth, however, has come irresponsibility in the management of business resources. This irresponsibility increases the costs to the company and is also taxing on the environment, increasing: ozone depletion, deforestation, and global warming (Shrivastava, 1995, p. 936). Sustainability in the business sector goes beyond environmental initiatives and includes the company’s financial and managerial performance, and employee quality of life.... [tags: Sustainability, Corporate social responsibility]
835 words (2.4 pages)
- Business Ethics and the Global Dimensions of Business This inclusive analysis was developed after an initial consultation with the C.E.O. of XYZ Construction, Inc. where the implications of expanding the construction company into Asia were discussed. The issues to be examined are the varied aspects of implementing a global business expansion. Time wise there is market potential for this opportune endeavor. However there are potential difficulties and risk that need to be considered before an international expansion is implemented.... [tags: Business Ethics ]
1404 words (4 pages)
- As companies around the world continue to grow and innovate, there have been many corporations that have implemented sustainable practice as part of their marketing campaigns and executive decisions. One example of a sustainable company is Patagonia. They are an outdoor apparel company whose owner is known n for all the sustainable and green strategies that he has implemented in the company. Implementations like creating a sustainable supply chain or using recyclable materials to manufacture clothing are two examples of what they have done.... [tags: business strategies, environamental protection]
1288 words (3.7 pages)
- Mercedes-Benz a German based automotive company and is one of the top three luxury automobile makers in the world, bested only by BMW and Audi. However, Mercedes did not become a great luxury car manufacturer by remaining confined to its German borders. The German car manufacturer expanded beyond its borders to compete in the international arena of automotive manufacturing. In order to succeed in this endeavor, Mercedes had to make calculated decisions regarding costs, location, marketing, organizational structure etc.... [tags: Mercedes-Benz, Automotive industry, Luxury vehicle]
1337 words (3.8 pages)