Introduction to Sustainable Business
Completion requirements
This chapter will introduce you to how businesses are increasingly acting with concern for the environment and society. Read Chapter 1 to see how companies can play a positive role in sustainability, follow legal and regulatory concerns, lower costs and increase profits, and achieve competitive advantages in the marketplace.
How can businesses play a positive role in helping to solve environmental and social problems? What are some examples of sustainable business practices? What does the term "triple bottom line" mean?
1.4 What Is Required for a Sustainability Perspective?
Key Takeaways
- Sustainable businesses require a systems perspective.
- The systems perspective enables businesses to understand their position and relationship in the larger environmental and social system, including their dependence on inputs and how their output and use of resources affects the overall system and the elements of the system.
- Without a systems perspective, businesses would not be able to understand their impact on society and the environment.