BUS 223 Chapter Notes - Chapter 9: Fuel Efficiency, Market Failure, Grand Banks Of Newfoundland
16 Mar 2017
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Chapter 9 business & environmental sustainability page 496-516. Business" environmental responsibility: the market approach: the responsible business manager simply ought to seek profits & 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 & ethically benign. Lecture notes: chapter 9: environment sustainability, case: too little too much. Chapter nine lecture notes: business & environmental sustainability. Its very difficult for the law or regulation to get ahead: the law tends to be reactionary. Market-based environmentalism: according to this view, environmental challenges are just a matter of efficient distribution of limited resources.
