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Since the rise of environmental awareness, business and industry have always considered environmentalism a waste of time, only getting in the way of profits and production. From the perspective of business, environmentalists push for regulations and restrictions on businesses which cost them more money and frequently restrict some of their practices. What business an the economy doesn't know is that they can actually save money by being environmentally responsible, while protecting the very resources they depend on . The protection of the environment not only has intrinsic value, but also economical value. Business and industry, can also benefit. These factors can lead to a newly developed economy that protects what it needs instead of destroying it. Despite historical differences between advocates of business and the environment, the fact is the two can and must utilize eachother for the future success of both.
It is important, in order for the economy to see the environment worth something, to put an economic value on it. For this reason, a group of scientists for the Center for Social and Economic Research on the Global Environment have developed an economic valuation for the environment. According to them, it is necessary to impute a value to environmental goods or services (Pearce et al, online). This value is necessary because the economy needs to see that the protection of the environment can prove cost worthy to business and industry. The purpose of valuation is to show true costs of using up scarce environmental resources. It is a way for environmentalists and economists to put a dollar figure on the services the environment provides. Robert Costanza, an ecological economist from the University of Maryland, has done just this. The estimate of services provided by ecosystems worldwide is 33 trillion dollars annually, surpassing the gross national product of al the countries on earth combined by eight trillion dollars (Zimmer 105). The environment provides services not only commercially, such as timber, but also in less visible ways. For instance, forests protect from soil erosion, which proves costly to correct. With these facts in mind, depleting ecosystems an resources proves costly, while protection them can only save money.
Business and the American economy has much to gain by altering their current practices. One prime example of how protection the environment can prove beneficial to a company is a program created by 3M called Pollution Prevention Pays.
Our system today is inherently opposed to developing a relationship with the land because it depends on evidence in terms of monetary worth. “One basic weakness in a conservationist system based wholly on economic motives is that most members of the land community have no economic value” (246). How much is a wildflower or a songbird worth? Therefore, this infinitely complex ecological system, which depends upon an unforeseeable amount of community-shaping mechanisms, tends to become increasingly diseased. “It tends to ignore, and thus eventually to eliminate, many elements in the land community that lack commercial values, but that are (as we know) essential to its healthy functioning” (252).
...nges that may have once been a regulation, but that still effects the environment. Other larger plants and companies are beginning to change the way that they take care of certain waste products because they have been brought into the public light and some groups have begun to campaign against the larger companies that are dealing with the regulations. The environmental push that is being created is affected by the ‘race to the bottom” even though regulations may be decreased the problem is already out in the public so it seems that since there used to be such stringent laws. The increased competition that can be created by the companies which are similar plays into interest groups. State policies are changing the way that larger companies are dealing with the environment as well as aiding in the improving the environment after there has been major damage done.
Third, the CAA does not stump economic growth, rather the American economy continues to flourish while maintaining cleaner air. For example, from 1970 to 2011 the U.S. gross domestic product has increased by 212 percent and jobs in the private sector have increased by 88 percent, meanwhile, the overall air pollutants have dropped 68 percent (EPA). Additionally, economic researchers and scholars report that the funds companies spend to reduce air pollution are reinvested back into the industry to design, build, install, maintain, and operate the processes and equipment to reduce air pollution. It is an industry where jobs may be cut in some sectors and added in others, but the job shift related to air pollution reduction is insignificant when compared to other job shift factors, such as economic growth, technology, and business cycles (EPA). Fourth, according to a U.S. Department of Commerce report, the U.S. is the world’s leader in producing and consuming environmental protection technologies.
They enforce the proper disposal of waste material, the restrictions on greenhouse emissions, pollutants, and other substances harmful to land, water, and our atmosphere. I do support the EPA because it is protecting the very environment that we need to live in. The EPA was created to protect human health and the environment by writing and enforcing regulations based on the laws passed by the Congress. I believe that the EPA is necessary, but it does come at a cost. With the EPA, businesses are forced to follow strict guidelines. This comes at a monetary cost that can sometimes cost a great deal of money. This in turn makes the products they produce more expensive for consumer. Overall, I do believe that the EPA and all the rules and regulations they enforce are worth the price at which they are given. Another modern example of government regulations on businesses is sticker shock. Sticker shock is a about fuel economy standards. The National Highway Traffic Safety Administration and the EPA finalized new fuel efficiency standards for cars and light truck for the year 2017-2025. They are requiring the average fuel economy be 54.5 miles per gallon by 2025. Although this would be great, I don’t think that it is realistic. The sticker price for cars will dramatically increase, and ultimately have a negative effect on the overall economy. I don’t support this regulation as it is unfair and unjust to set
ERP is a huge resource managing tool used by companies today. Some systems preform general ledger, accounting and order management for the company. ERP systems are a great asset and greatly improve a company, so a company should defiantly look into implementing ERP systems! However, Gartner estimates that 75% of all ERP projects fail. Why is there so much of a high failure rate? This paper will take an in depth look at reasons to why ERP systems fail.
Evidently, Peregrine Systems increased its revenues by pressuring distributors and resellers to build up their inventories (known as "parking" their inventory). Through secret side or oral agreements Peregrine distributors and resellers were not obligated to pay Peregrine for their software inventories. This conduct obviously became a problem. If they could not sell Peregrine's software, they would receive their money back. According to GAAP, revenue recognition on the sale of software requires evidence that an arrangement must exist, delivery must have occurred, vendor's fees must be fixed or determinable, and collectibility must be probable before recognizing revenue. Peregrine falsely recorded this tra...
- Scheer, A, Habermann, F, 2000, "Making ERP a success", Communications of the ACM, 43 , 3, 57-61.
described the ERP system as packaged (but customisable) software applications, which manage data from various organizational activities and provide a fully integrated solution to major organizational data management problems. They provide for both the core administrative functions, such as human resource management and accounting, as well as integrated modules which can be selected to support key business processes, such as warehousing, production and client management.
“From early on the ambition of ERP-systems has been used to integrate all transaction systems within the one system which combines all information and practices across full organisation, and gives proper information for decision-making in real-time” (Bjorn-Andersen & Johansson 2007)
What is the socially optimum level of production keeping in mind the environment? How should it be achieved? It is at this point that the great economic minds of out time begin to take up arms. Michael Porter, a Professor of Business at the Harvard Business School claims that environmental regulation of businesses will actually give the businesses a competitive advantage over their counterparts in nations with less stringent regulation because it forces them to innovate. Porter claims that by changing their production processes, the businesses will actually lower their production costs (Porter, 97).
The natural ecosystem provides both goods and services to us. The ecosystem goods are the things that people produced from soil, water and plants; Crops, Fibre, Timber, Livestock, Tourism, etc. are the example of ecosystem goods. And, at the same time people get a varieties of fundamental and life supporting services such as flood control, clean air and water, pollination of crops and other plants, natural hazard regulation, cultural, spiritual and aesthetic services which are called ES ( Kerr, G., 2010).
Robbins (1997) defines managers as those who are all oversee the activities of other people with the purpose of accomplishing organizational goals. Therefore, in order to provide organizations with the best outcome, effective managers are urgently needed for modern organization. This is simply because, according to Hunsaker (2001), that the increasing recognition is given to the importance of having managers with strong interpersonal skills rather than, that twenty years ago, managers were only valued primarily for their technical know-how.
Economic valuation is an important component of environmental policy, although it is difficult to affix a cost on the environment and ecosystem services, it is a measurement that is relevant to most in society humans. Therefore, economic tools may be useful in reinforcing the importance of maintaining biodiversity and preserving fragile ecosystems.
The sustainability of ecosystems on which the global economy depends must be guaranteed. And the economic partners must be satisfied that the basis of exchange is equitable” (World). This quote demonstrates the complexities of sustainability. Another thing corporations should focus on when trying to be sustainable is their environmental impact. Annie Leonard in her book The Story of Stuff says that companies can significantly reduce their toll on the environment by changing their design. The design determines “the amount of energy used in making and using the product,” “the length of the product’s life span” and “its ability to be recycled” (Leonard). All these things determine the amount of resources a company must use, so simply changing a product’s design is one way a company can have a large impact on the sustainability of the environment in which it operates. One example of this is that “Wal-Mart attributed more that $100 million of its 2009 revenue to a decision to switch to a recyclable variety of cardboard in shipments” which it sells to a recycler instead of paying to send it to a landfill
Regulations provide the baseline environmental standards that industry is required to follow. Without environmental regulations, industry would not be able to meet the same standards by themselves. Environmental regulations may not always be in the best interest of the industry due to their costly and sometimes prohibitive nature. In response to these concerns, the establishment of incentive programs increases the likelihood of industry complying with and potentially exceeding the minimum environmental standard. Incentive programs motivate industry to meet and exceed environmental standards by allowing them to benefit financially by aiming for higher than regulation