MGM102H5 Lecture Notes - Lecture 6: University Of Toronto Mississauga, Environmental Stewardship, Consumerism
Document Summary
Mgm102h5s - management in changing environment (winter 2017) As we go through a period of industrialization, going from agriculture to industrial economy, it lead to the few phenomenons: Consumerism: consumers had a greater range of products, consume more products, produce more output leading to more waste production. Instead of focusing on profit, the focus is on performance. Business success depends on the health of our planet. The integration of sustainability values into the managing of environmental resources. There will not be resources to run your businesses if you"re not environmentally responsible. If the supply of water decreases or price of water goes up, the costs and demand for a business goes up. Many organizations require water (drinking, brewing etc. ) Think about how to reduce resources that harm the environment; find environmental alternatives. Can businesses handle the increased costs or can they handle business if they pass the cost on to customers (ex. rise of hydro prices)
