COMM 103 Chapter Notes - Chapter 4: Forensic Accounting, Ethical Decision, Customer Retention
12 Feb 2015
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Chapter 4: the environment and sustainable business practices. Environmental stewardship is the integration of sustainability values into the managing of environmental resources. Management initiatives -> full integration of business strategies and environmental. Degradation is the deterioration of the environment through the depletion of resources and the destruction of ecosystems. The goal is to design and redesign business processes in a way that, while allowing for increased wealth and enhanced competitive advantage, incorporates the principles of humankind and resource protection and sustainability for the future. Five great sustainability challenges: climate change a. Improve energy efficiency: decarbonizing the energy supply (solar, geothermal, wind, transportation (fuel economy, electric cars!!, biodiversity (protect trees! They turn co2 into oxygen!: human behaviour modification (carbon tax, cap-and-trade, tax/investment incentives for r&d of more environmental technologies) Demand for capital exceeds supply: a form of financial protectionism may occur. (governments preventing the flow of capital into foreign countries. )
