Competitive advantages and risk management: capitalizing on the economic benefits of sustainability

Smith, Jonathan A. and Quiros, Efrain (2012) Competitive advantages and risk management: capitalizing on the economic benefits of sustainability. In: Managing Climate Change Business Risks and Consequences: Leadership for Global Sustainability. Global Sustainability Through Business . Palgrave Macmillan, New York, NY, pp. 81-99. ISBN 978-1-349-29689-7

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Climate change and ecological degradation are two of the many pressing global issues that make sustainability pertinent to all stakeholders, including shareholders. Such issues are relevant to companies across all industries and sectors and are increasingly pressuring managers to consider how their organizations can utilize resources effectively while minimizing impact on the environment. It is critical to consider the underlying relationship between business and the environment: companies ultimately operate within the natural environment and are dependent upon it for the resources they use. A narrow focus on short-term economic interests without consideration for environmental impacts ignores the overarching system in which the planet supports business; without resources from which to make products there are no products to sell and, consequently, no profits.

Item Type: Book Chapter
Keywords: Supply Chain, Risk Management, Competitive Advantage, Environmental Issue, Business Activity
Faculty: ARCHIVED Lord Ashcroft International Business School (until September 2018)
Depositing User: Repository Admin
Date Deposited: 08 Jan 2013 10:03
Last Modified: 07 Apr 2022 15:41

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