Sustainable sources of water and food safety continue to be two of the biggest challenges facing growers and the food supply chain. climate change, drought and food scarcity could lead to social unrest and international conflicts. Naturally their tastes, preferences, beliefs, temperaments are bound to differ. But sometimes these kinds of disasters bring a huge misfortune for a country which totally shakes up everything. Oil prices are normalizing heading into 2019, after a reaction to Iran sanctions drove prices up to $76 per barrel. No matter what we create or innovate, we do that by using the elements of our environment. furthermore, companies must respond to these issues in ways that benefit society. Ignoring environmental aspects is similar to walking on a path where there are unsuccessful marketing and lost revenues which can ultimately impact the health of the business brand. 1. Environmental Policies. In fact, a number of companies in our country are now spending money for society’s welfare. Natural disasters are a part of nature, and there’s nothing we can do to stop it. Only because of the influence of this factor, most of the industrialists in India have limited their area of operations. In 2016, President Xi Jinping announced sweeping policy changes on the heels of “red alerts” closing schools and factories. The Government passed the Environment (Protection) Act in 1986, which gives wide powers to the Government to take punitive action against erring industrialists. Climate change, global warming, decaying of fossil fuels, and many more issues like this are doing businesses facing legal problems and global pressure to reduce the amount of pollution. Thus, environment is multi-dimensional and very complex in nature. Pollution. Physical and Technological Environment, Arguments for and against Social Responsibility of Business, 7 Strategies to Prevent Accidents at Workplace, Business Enterprise – Meaning | Public | Private | Joint, Localisation of Industries | Meaning, Advantages, Disadvantages, Weaknesses of Trade Union Movement in India and Suggestion to Strengthen, Audit Planning & Developing an Active Audit Plan – Considerations, Advantages, Good and evil effects of Inflation on Economy, Vouching of Cash Receipts | General Guidelines to Auditors, Audit of Clubs, Hotels & Cinemas in India | Guidelines to Auditors, Depreciation – Meaning, Characteristics, Causes, Objectives, Factors Affecting Depreciation Calculation, Inequality of Income – Causes, Evils or Consequences, Accountlearning | Contents for Management Studies |. [v]. Among all of the noise, people are “seeking normalcy” in a quest to return to established knowledge. But we can take precautions to reduce the loss that may happen because of the disasters. Pollution may cause some major environmental events which can result in the disruption of supply chains or an increase in the cost of raw material. Profit is the ultimate object of all business endeavors. And for those resources, we’re always dependent on our nature or environment either directly or indirectly. Business Environment is not concerned with a single factor. As we can’t earn our livelihood without business activities, the same way we can’t continue our business without natural resources. And the plan, which is consists of taking steps that’ll reduce the negative impact on the environment causing by the business, is called Green Agenda. Many businesses are likely to hunker down until these effects become clear, slowing the economy and precluding growth. Post was not sent - check your email addresses! 300% Green Web Hosting Powered by Renewable Energy. The rate of economic growth in any country depends mainly upon the availability of the natural resources there. In the case of telephone, the time lag was over half-century; Radio took 35 years as contrasted to radar, which took 15 years. Every business needs raw materials to provide goods and services to customers. Though pollution control laws were there in the statute book, they were not enforced with any seriousness. They have several social responsibilities also. Hence, entrepreneurs shall naturally tempt to go for priority sector. Instead, it is a matter of protecting the environment to safeguard the future economy. scientific research in area of ecosystems and clean technologies. While the consumption of cannabis-related products is on the rise, smoking a joint isn’t what it used to be. Environmental policy is the commitment of a business to the regulations, laws as well as other policy mechanisms that are concerned with environmental issues. Ecological environment can be defined as the complex aggregate of all external conditions, which affect the life, development and survival of all organisms. This category only includes cookies that ensures basic functionalities and security features of the website. Top environmental factors that will affect your business include storms, loss of resources, inflation, and scarcity of food and water. The doctrine of “Laizze-faire” has become an outdated or discarded principle and the Government all over the world regulate the business activities.
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