The Environmental Study (Scenario)
You have just been challenged by your supervisor to study and report your findings on approaches that organizations use when dealing with the environment. Your boss tells you to study the four major approaches, differentiate among them, and report to him in a week.
-What approach deals with an organization responding to the environment because of the preferences of their customers?

Question

Quizplus · Accepted Answer

The market approach is the one that deals with an organization responding to the environment because of the preferences of their customers. This approach is focused on meeting customer demand for environmentally responsible products and services, as it is seen as a way to increase market share and profitability. The legal approach is focused on complying with environmental regulations, the stakeholder approach is focused on satisfying the needs of all stakeholders (including the environment), and the activist approach is focused on promoting environmental causes and pressuring organizations to become more environmentally responsible.