The Purpose, Impacts And Responsibilities Of Businesses

The Purpose, Impacts and Responsibilities of Businesses Aziken Ifeoma P14128621 MSc Engineering Management Green Business (ENGT5219) 2 March, 2015 SUMMARY: GREEN BUSINESS The need for businesses to adopt a sustainable approach to the creation of goods and services has become paramount in recent years as pressure to employ strategies that reduce or remove negative effects on the environment increases. In order for a business to successfully implement a sustainable approach to the provision of goods and services, they would have to take a critical look into the different aspects of day to day business operations, assessing these operations and re-modifying them to achieve standard sustainable practices. Sustainability is a broad term and involves the integration of a host of strategies to achieve a desired outcome with regards to the way businesses operate. Strategies such as, green technology, eco manufacturing, eco machining, clean production and so on, have to be employed to alleviate environmental concerns such as pollution, material toxicity, greenhouse gas emissions and much more. The challenge now for businesses is to redesign processes and practices that will result in less environmental and societal degradation, but at the same retain or increase their share in the global market. CONTENTS SUMMARY: GREEN BUSINESS 2 CONTENTS 3 INTRODUCTION 4 Businesses: Why do businesses exist? 4 IMPACTS OFShow MoreRelatedThe Social Responsibility of a Business647 Words   |  3 Pagesï » ¿The Social Responsibility of Business: The role of business in the society became a major aspect across business after Milton Freedman wrote the most provocative article in 1970. As an economist, Freedman stated that the main purpose of businesses is to generate profits for its shareholders. 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