BUS 223 Lecture 10: BUS223 – Lecture 10*
8 Sep 2017
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Document Summary
Business" environmental responsibility: the market approach: the responsible business manager ought to seek profits and allow the markets to allocate resources efficiently. It underestimates the influence that business can have in establishing the law: this approach also underestimates the ability of business to influence consumer choice. If we rely on the law to protect the environment, environmental protection will extend only as far as the law extends: this regulatory mode assumes that economic growth is environmentally and ethically benign. Prevent wasting environment resources so that there is some left for the future. There aren"t businesses that can survive without an environment; businesses are a long-term investment. Global warming can deplete current resources (1) human self-interest (carrying capacity -> the capacity to carry/sustain a population, ecological interconnections -> there are often human interest reasons to care about things) (2) aesthetic, spiritual, symbolic, historical value. Many of us value living around/in a beautiful environment.
