Under the concept of ________,corporations started placing environmental management in the profit area rather than the cost side of doing business.

Question

Quizplus · Accepted Answer

Strategic environmental management refers to the integration of environmental considerations into a company's overall strategy, allowing it to become more sustainable while also improving profitability. This approach recognizes that environmental management can bring benefits to a company, such as reducing costs through efficiency improvements, enhancing brand reputation and customer loyalty, and creating opportunities for new products or markets. Therefore, corporations have shifted their focus to environmental management as a strategic element that can generate value, rather than just a regulatory compliance issue or a cost burden. Innovation offsets and industrial ecology are related concepts, but they do not fully capture the idea of aligning environmental and business goals. Command and control policy, on the other hand, relies on rules and enforcement to regulate corporate behavior towards the environment, which may not be effective or efficient in achieving a win-win outcome for all stakeholders.

Under the Concept of ________,Corporations Started Placing Environmental Management in the Profit