MGM102H5 Chapter Notes - Chapter 7: Regulatory Compliance, Environmental Degradation, Kyoto Protocol
Document Summary
The industrial revolution marked the beginning of a societal shift towards technology and scientific methodologies as mechanisms for economic development. Also marked a change in societal behaviour from self sustenance to a consumption-inspired marketplace. Increase in demand for products and services resulted in the need for greater production, more efficient operations, and a growth in specialization. Environmental stewardship was severely lacking, causing environmental degradation. The integration of sustainability values into the managing of environmental resources. Societal response to environmental degradation (the deterioration of the environment through the depletion of resources and destruction of ecosystems) Full integration of business strategies and environmental responsibilities. Environmental degradation still continues today, for business and the planet to survive, organizations must make the transition from simply a compliance/eco-management approach to a sustainable business strategy approach. This means we must become fully successful at integrating environmental responsibilities into our business strategies.
