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 take into consideration the moral obligations human beings have concerning the environment. Learn how environmental ethics and human values affect our ability to understand and solve environmental problems.
2. What is Environmental Legislation? - Laws, Regulations & Timeline
Environmental legislation is a collection of many laws and regulations aimed at protecting the environment from harmful actions. Learn about the National Environmental Policy Act and other environmental laws.
3. Costs & Benefits of Environmental Regulation
Environmental regulation provides protection to society regarding environmental hazards. Economists continue to debate the costs and benefits of regulation on businesses. This lesson we will examine both some added costs and benefits of regulation and their impact.
4. Sustainable Development: Definition, Obstacles & Impact
Let's discuss the idea of sustainable development. Then, let's looks at the obstacles involved with developing the world's economy to meet the needs of the present without hurting future generations. After the video, test what you learned through our practice quiz.
5. Stages of Becoming an Ecologically Sustainable Organization
The business community has an interest in reducing ecological damage. In this lesson, you will learn the stages through which firms progress as they become more sustainable.
6. Incentive-Based Regulatory Approaches: Environmental Taxes & Tradable Permits
An incentive-based regulatory approach aims to reduce environmentally-harmful pollutants by offering inducements to polluters who limit their emissions. Learn how environmental taxes and tradable permits are utilized to help protect the environment.
7. Businesses' Major Threats to Earth's Ecosystem
Businesses are a major threat to the earth's ecosystem. Some businesses are not supporting sustainable development and are causing enormous damage to the earth's ecosystem. Let's take a look at the damage.
8. Benefits of Effective Environmental Management in Businesses
Businesses have to determine the best ways to manage environmental issues. In this lesson, we will discuss the benefits of environmental management and how effective environmental management makes firms more competitive.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
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