About This Chapter
Environmental Issues in Business - Chapter Summary and Learning Objectives
Instructors who teach the lessons in this chapter address environmental concerns that affect the business world. The lessons provide an overview of environmental ethics and regulation and emphasize sustainable development and the methods organizations need to follow to become ecologically sustainable. Common terms associated with pollution and its impact on the economy are introduced as are different regulatory approaches that are used to control pollution. A discussion on practices that businesses can employ to manage environmental issues is also included. After you've finished viewing the lessons in this chapter, you'll be familiar with:
- Impact of human values on environmental issues
- National Environmental Policy Act
- Global businesses' role in reducing ecological damage
- Marginal cost of pollution
- Threats to the ecosystem
|Environmental Ethics & Human Values: Definition & Impact on Environmental Problems||Defines each of these concepts. Examines how these concepts affect our ability to understand and resolve sustainability issues.|
|What is Environmental Legislation? - Laws, Regulations & Timeline||Provides a timeline of events leading up to the introduction of environmental legislation in the U.S. Defines the National Environmental Policy Act (NEPA) and explains why it is the cornerstone of environmental law. Lists other environmental acts that followed NEPA.|
|The Costs and Benefits of Environmental Regulation||Assesses the various costs associated with environmental regulation. Lists and describes the benefits of regulation.|
|Sustainable Development: Definition, Obstacles & Future Impact||Defines sustainable development. Highlights the obstacles associated with developing the world's economy to take care of present-day needs without hurting future generations.|
|The Stages of Becoming an Ecologically Sustainable Organization||Depicts an ecologically sustainable organization and describes the stages that firms progress through en route to becoming more sustainable. Presents steps the global business community can take to reduce ecological damage and promote sustainable development.|
|The Economics of Pollution: Marginal Cost of Pollution & Optimum Amount of Pollution||Explores methods used to determine the optimum amount of pollution. Provides an in-depth look at the concepts of marginal cost of pollution, marginal abatement cost and marginal benefit.|
|Incentive-Based Regulatory Approaches: Environmental Taxes & Tradable Permits||Compares and contrasts the different regulatory approaches that are used to control pollution. Looks at specific incentive-based approaches, including environmental taxes, tradable permits and subsidies.|
|Major Threats to Earth's Ecosystem||Lists and describes the many threats that can cause harm to the earth's ecosystem.|
|Impact & Benefits of Effective Business Management of Environmental Issues||Presents ideas on the best ways for businesses to manage environmental issues. Describes how firms can become more competitive by engaging in effective environmental management.|
1. Environmental Ethics & Human Values: Definition & Impact on Environmental Problems
Environmental ethics account are focused on upholding humanity's moral obligation to environmental concerns. Explore the definitions of environmental ethics and human values involved in environmental ethics, and the impact on environmental problems that this philosophy addresses.
2. What is Environmental Legislation? - Laws, Regulations & Timeline
Environmental legislation is the set of laws and regulations that protect air quality, water, wildlife, and environmental health. Explore the timeline of environmental legislation, as well as the development, goals, and impact of the National Environmental Policy Act.
3. Costs & Benefits of Environmental Regulation
Environmental regulation appears in the form of organized interventions to protect the environment from unnecessary harm. Explore the costs that come with this intervention, and the benefits that ensue both financially and in the ecosystem.
4. Sustainable Development: Definition, Obstacles & Impact
Sustainable development is the use of natural materials in a way that can help prolong the Earth's ability to support its population. Learn the definition of sustainable development, the obstacles to sustainability and their impact, and how to describe four sustainable development solutions.
5. Stages of Becoming an Ecologically Sustainable Organization
Companies that want to have a positive impact on the future will seek to become ecologically sustainable organizations. Explore the stages of how to be an ecologically sustainable organization and four main ways that companies can promote sustainability.
6. Incentive-Based Regulatory Approaches: Environmental Taxes & Tradable Permits
Incentive-based regulatory approaches apply benefits to the behavior intended, which increases the motivation to take action. Learn the command, control, and incentive-based regulatory approaches, and the use of environmental taxes, subsidies for pollution control, and tradable permits.
7. Businesses' Major Threats to Earth's Ecosystem
As negligent businesses fail to support sustainable development practices, they pose a major threat to the Earth's ecosystem. Learn the negative outcomes impacting the planet, including deforestation, ozone depletion, and marine life destruction.
8. Benefits of Effective Environmental Management in Businesses
The application of effective environmental management in businesses is fundamental to creating a future of green and sustainable commercial operations. Learn more about the definition, effective management solutions, and how it makes companies more competitive.
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Other chapters within the Business 108: Business Ethics course
- Introduction to Business Ethics
- Employees, Stockholders, & Corporate Governance
- The Relationship Between Business, Government & Society
- Public Relations for Business
- Diversity in the Workforce
- Business-Government Relations
- Business' Influence on the Political Environment
- Corporate Social Responsibility & Citizenship
- Business & the Community
- The Media's Impact on Business
- Consumer Rights & Regulations
- Ethics in Advertising
- Strategies of Special Interest Groups
- Technology, Business, & Society
- The Global Business Environment
- Individual Integrity & Ethics
- Studying for Business 108