Preview

Em Outline

Good Essays
Open Document
Open Document
899 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Em Outline
Format - Course outline
___________________________________________________________________________________
ENVIRONMENTAL MANAGEMENT
School of Business Management, NMIMS
MBA FT SECOND YEAR: 2011-2013
Trim: V (FIFTH)
____________________________________________________________________________________
Faculty Member Dr.Mrs. Bala Krishnamoorthy
Email Id: balak@nmims.edu Extn no. 5806
_____________________________________________________________________________________
Goals : Environmental concerns have an increasing impact on business success. To maintain their competitive advantage, corporate managers must stay ahead of the curve, shifting their focus from environmental management to environmental strategy.
This course is concerned with how business can and should respond to environmental challenges. New technologies, untapped markets and regulatory innovations all present business opportunities must be seized by companies with foresight. The question is how to turn environment to a strategic advantage.
The course explores the effects of environmentalism on corporate management, examining recent thinking on the role of environment in business, how environmental forces are driving change, how best to respond to external pressures, and how business managers can think about environmental issues in a strategic way. In particular, how business can, best respond to the pressures of regulation, markets, financial institutions, consumers and NGOs ?
Objectives:
1. To examine the internal strategies adopted by business to improve its performance and to reduce its environmental risk and to describe and analyze evolving drivers of corporate environmental strategy; 2. To examine how external institutions create both opportunities and limitations for environmental strategy 3. How environmental threats can be incorporated into risk management, capital acquisition, competitive position and other management concerns 4. To explain

You May Also Find These Documents Helpful

  • Powerful Essays

    here is growing public and business interest in building sustainable organizations and increasing research and educational interest in the topic of organizational sustainability. The Academy of Management has a division called Organizations and the Natural Environment, and there are numerous journals and research papers concerned with ecological sustainability. There are growing numbers of higher education programs focused on sustainability and an Association for the Advancement of Sustainability in Higher Education (Fountain, 2010). Marcus and Fremeth (2009) noted that this enthusiasm for what they called “green management” came from people’s expectations for how managers and the organizations they lead should conduct their business to protect the environment. As…

    • 8535 Words
    • 35 Pages
    Powerful Essays
  • Good Essays

    Conducting business in global markets can be very stressful. With regards to environmental factors, the way that business conducted is very important. We now live in a society where…

    • 545 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Amp 425 Module 1 Paper

    • 745 Words
    • 3 Pages

    The external environment faced by the firm and its business units affects the strategy of the firm, the value of the strategy, and thus the firm’s performance. Environmental analysis is considered to be an active input which helps in identifying different threats and opportunities a firm is likely to face which will help in formulating different strategies for competing in the competitive market. The factors to be considered should include: social, economic, technological, completive, and regulatory. (Page 61)…

    • 745 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Businesses are going beyond regulatory compliance and becoming green. This gives companies a competitive advantage as well as legitimacy and product differentiation, moral commitment to the economy, and cost savings. Environmental analysis is a method managers can use to gather outside information on current issues and trends and turn that…

    • 4314 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    It is no mystery that companies exist and desire to make a profit from their product or service being offered. However, it is becoming increasing popular that companies desire to achieve social responsibility in order to increase their public image, which in turn should lead to increased profits. In this class, we learned that social responsibility is the duty to take an action that will benefit the interests of society and the organization (Kinicki & Williams 2011). One of the ways to become more socially responsible that is adopted by many companies is through green management, which is referred to using various policies to reduce environmental problems (Tim Barnett, n.d.). More and more companies are becoming concerned about the impact their organization is having on the natural environment.…

    • 2523 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    The competitive environment in today’s business world poses many dangers to the sustainability of the biosphere, which is so vital to life. Business organizations have a responsibility to help sustain and preserve the environment for future generations. Corporations must take initiative in developing business plans that incorporate sustainable business practices into the strategic direction of the organization. Successful achievement of a sustainable business plan also requires identification of barriers to implementation and development of strategies to overcome such barriers. In addition, to measure the success of sustainable business practices, organizations must continually monitor the progress and communicate results of their sustainable plan efforts. A review of the Riordan Manufacturing’s current business practices helped to illustrate the development and implementation of a successful sustainability plan. Riordan must concentrate on developing a plan to address unsustainable practices such as the release of harmful emissions, improper disposal of off-spec raw materials, and the release of harmful solvent cleaners into the biosphere. To implement these strategies and secure the improvement of Riordan’s sustainability, the organization must anticipate financial, social, ethical, technical, and practical barriers to these plans. Understanding the barriers helps the organization prepare an action plan to overcome these obstacles and ensure the successful implementation of its plans. The keys to avoiding impediments from financial, social, ethical, and technical barriers are communication and commitment. Communication is vital to the implementation of a successful sustainability plan. Riordan Manufacturing must institute a comprehensive communication plan to address the concerns of affected stakeholders. In addition, the…

    • 3559 Words
    • 102 Pages
    Best Essays
  • Better Essays

    Environmental sustainability has become a hot topic in the last couple of decades because of global warming and other weather related changes. In today’s business world, environmental sustainability is an essential part of corporate social responsibility (CSR); therefore, very important to stockholders, owners, as well as to the public in general. Everybody wants to know how businesses are run and how their operations affect their communities for generations to come.…

    • 2672 Words
    • 11 Pages
    Better Essays
  • Better Essays

    Tata Simulation

    • 1360 Words
    • 6 Pages

    References: Anand, B. N. Harvard FSS: Crafting Business Strategy and Environmental Scanning. (2006). (Accession Number: 8282c. Lecturers: Anand, Bharat N.. Document Type: Video; Transcript. Publication Type: Video). Harvard Business School Faculty Seminar Series.…

    • 1360 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    BT Corporate Strategy

    • 6181 Words
    • 25 Pages

    “In strategy, the environment means everything and everyone outside the organization” Lynch (2005). Organizations will need to take the environmental factors into account, as they will impact on the organization and its strategies, and…

    • 6181 Words
    • 25 Pages
    Powerful Essays
  • Satisfactory Essays

    Create an environmental scan for the company indicating the most significant environmental threats and discuss how the company should respond to each threat to ensure that the impact to the business is minimal.…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The nature of strategic management today is seen in the environment-driven strategies of successful firms competing in a diverse market. We must understand that faulty assumptions and false information can result in the formulation of poor or even disastrous plans, and change is constant and continuous; that yesterday’s good plan may not be relevant or of any value today (Pearce & Robinson, 2009). We have to realize that we live in a changing world and business organizations, governmental units and other entities, just like people, have to adjust and adapt to…

    • 3606 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Environmental Scan Paper

    • 1525 Words
    • 5 Pages

    To show the benefits of an environmental scan and competitive advantages that could result from this tool, this paper will conduct an environmental scan of the companies A.O. Smith Water Products Company and Nike Incorporated. The environmental scan of these two companies will examine A.O. Water Products Company and Nike Inc value and sustain their competitive advantages using their business strategies. This environmental…

    • 1525 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Meeting the needs of a business and its stakeholders, while at the same time managing it’s effects on society and the environment are core to business sustainability (Pojasek 2007). The culture we live in thrives off of new and improved ways of living. Finding the most sustainable option, in every case, allows organisations and their customers to grow. This generation will not stand for ignorance and insensible approaches to sustainability in the corporate world. Large businesses must be aware that the…

    • 2824 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    In this paper is the consideration of a strategic plan for week six assignment that will indicate how to ensure that an organization’s vision, mission, people strategies, and value statement will align with the strategic plan of an organization. In the paper are illustrations of external environmental analysis and internal environmental analysis for consideration in the strategic plan. In this paper is an indication of what an organization must do to ensure that the company’s mission and vision statement is in communication throughout each organizational channel. The leadership of the organization must involve the stakeholder of the organization…

    • 976 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In a profit-driven market, executive decisions are based on capital gain instead of long-term sustainability of the planet. Too many pollutions have killed the sea life in the oceans, the streams, the ground soil, the ozone, and all of these practices have poisoned the planet. Business leaders need to change their philosophy of sustainment through capital gain to sustainment through environmental sustainability and be a socially responsible company to stay competitive in today 's market…

    • 1116 Words
    • 5 Pages
    Better Essays