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Seminar paper from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of Würzburg, language: English, abstract: Changes in the business environment affect strategic decisions sustainably. The problem firms are facing is that due to the ongoing globalization and cross-linking of companies around the globe, strategic decisions are influenced by both our own environmental changes and those happening to business partners. Hence, decision making has become more complex over the last few decades. The business environment is affected by several factors. Ward et. al. (1995) identified four different variables: business costs, labor availability, market hostility and dynamism. In this paper the focus is on changing environmental regulations and their effects on corporate strategies. As Larsson et. al. (1996) showed legislative changes have a major effect on strategic decisions and can be decided before long. This makes legislative changes a general concern for change management. Moreover, environmental standards differ from country to country or at least from region to region. Environmental regulations have to be kept in mind if investment decisions are to be made. In this paper it will be discussed how environmental regulations affect company's strategies on the basis of Rugman's and Verbeke's framework. Before introducing this framework two frequently discussed effects in economic research will also be looked at to point out what variables influence companies' decisions concerning their strategic environmental decisions.
Featuring an original introduction by the editors, this important collection of essays explores the main issues surrounding the regulation of the environment. The expert contributors illustrate that regulating the environment in the UK is conceptually complex, involves a diverse range of institutions, techniques and methodologies and crosses geographical and national boundaries. In the USA it is more formalised, juridical, adversarial and formally dependent upon legal rules. The articles highlight the fact that despite differences in the UK and the USA's regulatory styles, environmental regulation today has much in common with both traditions.
This book adds to the environmental politics and policy literature by conducting a comprehensive investigation of business influence in agenda building and environmental policymaking in the United States over time. As part of this investigation, the author presents an analysis of six cases in which private firms were involved in disputes concerning pollution control and natural resource management. In addition to determining how much business interests influence environmental and natural resource policy, the book tests possible explanations for their level of success in shaping the government's agenda and policy. The study offers a general conceptual framework for analyzing the influence of corporate America over environmental policymaking. The research then explores how much firms have influenced Congress, the U.S. Environmental Protection Agency and certain natural resource agencies, and the courts on environmental and natural issues since the beginning of the environmental movement in 1970. No other study has examined the ability of business to influence environmental policy in all three branches of government and in such detail.
Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation‘s leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on corporate social responsibility and provide a foundation for future research and policymaking.
Protecting our environment has never been more important than it is today in the wake of climate change and the ever-increasing demand on natural resources due to the expanding world population. Environmental protection has been increasingly discussed by concerned citizen groups and politicians in the wake of unexpected environmental disasters that have occurred in recent years. The need to protect drinking water resources, control greenhouse gas emissions, and implement successful waste reduction practices will continue to gain visibility with growing social awareness. Environmental managers and leaders can all benefit from this comprehensive and strategic book which guides them through environmental regulatory requirements and methods that can be used to interpret the regulations, develop programs, and processes to ensure compliance. The book includes a Tool Kit containing resources that can assist a company in assessing and evaluating the strength of their environmental program, systems, and processes so that changes can be made before damages to the environment becomes a reality, and penalties are enforced.
On a world scale, the implicit deal between corporation and community is undergoing a revolution in the period 1990–2000. For the first time, corporate boardrooms are having to confront the environmental challenge not as a peripheral issue around "public relations", but as a core issue of credibility with its customers. As trust in big business has declined, consumer willingness to alter buying behaviour to register disapproval has accelerated. As a result, boardrooms in the largest companies are having to redraw their strategic procedures regarding the environment. This book aims to advance the general understanding of corporate environmental governance as an issue capable of separate and detailed analysis. It aims to provide not an overview, but a series of test cores into the generally unexamined issues surrounding the changing ethos of corporate action and environmental investment. To date, the "business and environment" strategic conversation has reached only a minute proportion of a global audience. Over the next twenty years, this dialogue will transform business into the 21st century. Moreover, it will become internalised into a way of working within Corporate Culture. Greening the Boardroom explores through case studies and surveys some of the changes in this process, in Europe as well as in Asia and North America. Suitable for readers in general management, business, government and academia, this book is an important contribution to the corporate environmental debate by the author of The Environmental Audit and Business Strategy: A Total Quality Approach.
Drawing on prior work on corporate environmentalism, Thomas Lyon and John Maxwell argue that corporate environmentalism is the result of firms attempting to anticipate public policy changes and influence the legislative process in their best interests. Presenting a general framework that highlights the links between corporate environmentalism and public policy, they use analytical tools of positive political economy and game theory to provide insights into corporate strategy and the effects of corporate and government policies on overall social welfare.
Environmental concerns can greatly affect business success, regardless of whether a business person or corporation shares those concerns. Today's corporate managers must understand the power of environmental issues, and shift their mindset from one focused on environmental "management" to one focused on strategy.Competitive Environmental Strategy examines the effects of environmentalism on corporate management, explaining how and why environmental forces are driving change and how business managers can think about environmental issues in a strategic way. The author discusses: the evolving drivers of corporate environmental strategy, including regulators, shareholders, buyers and suppliers, insurers, investors, and consumers how environmentalism alters basic conceptions of competitive strategy and organizational design how external institutions create both opportunity and limitations for environmental strategy how environmental threats can be incorporated into risk management, capital acquisition, competitive position, and other management concerns The book ends with an overall discussion of competitive environmental strategy and draws connections to the emerging issue of sustainable development. Each chapter features insets that ask fundamental questions about the relationship between environmental protection and business strategy, and ends with a list of additional recommended readings. Every individual who wishes to engage in business management in the 21st century will need an appreciation for the implications of environmental issues on corporate activities, and vice-versa.Competitive Environmental Strategy offers a valuable overview of the subject, and provides a wealth of real-world examples that demonstrate the validity and applicability of the concepts for business people, clearly showing how managers are turning an understanding of environmental issues to competitive advantage.
International agreements and environmental regulations are important constraints in today's business context. By analyzing development and case studies within NAFTA (North American Free Trade Agreement), the authors demonstrate how firms can develop strategies which utilize international trade and environment regimes to open up international markets.
Arguing that the performance of industrial environmental regulation is determined by the level and nature of the innovation it stimulates, this text aims to analyze the influence of different structures and styles of implementation on innovation in regulated companies. Further aims include: examining the economic and environmental performance of different forms of innovation developed and applied by industry in response to regulation; describing the conditions under which industrial environmental regulation can be improved; outlining the implementation approaches required for regulated companies to overcome barriers which prevent them from exploiting the economic and environmental potential of particular forms of innovation; demonstrating how technological and organizational change could lead to lower costs and higher benefits from regulatory compliance; and putting forward to governments and industry proposals to improve the relationship between environmental protection and industrial competitiveness.