Why are environmental issues becoming more important for international Essay

wherefore are environmental issues becoming more important for international vocation - Essay ExampleIt is a fact that environmental issues suck in managed to strike increased discussion on the international business eyeshot (Cherunilam 2010 670). It is generally suggested that environmental trends and standards p dress a significantly valuable role in determining coitus success of different products in the international market so the importance of efforts directed at protect the global environment should not be undermined on the basis of a few shun effects. This look has resulted in fueling the development and implementation of many environmental management systems around the globe. Different slipway by which environment influences business are heavily acknowledged now (Lozada & Polonsky 1993 20). Recently, the popularity regarding the existence of the link in the midst of business and environment has exploded. A wide manakin of reasons could be found explaining why busin esses now lay a greater emphasis on their environmental policies and services instead of solely focusing on profit maximization which would be contemplated in this essay with the help of research books. Research evidence identifies that modernistic environmental concerns challenging the business world have their roots in the 1960s (Johnson & Turner 2010 382), unless it has only been some years that these issues have really exploded onto the surface. General consensus today is that with growing sense the business world has undergone gigantic transformation for the better and as a result of which international business has remarkably affected the environment as well. It is proposed that environmental issues are becoming increasingly important for businesses because broken in environmental security measures standards lead to depressing losses every year. Even those countries which have embraced high environmental standards and where business organizations take great pains to esta blish strictest policies have to suffer from significant losses which are estimated to be 1-2% of GNP. The condition is even worse in the developing world where businesses have not so far adopted high standards due to gross economical contractions and where losses resulting from poor environmental protection have been reported to reach 3-5% of GNP (Wysokinska & Witkowska 2005 270). This is why more stress is laid on environmental protection in the modern business world now because flawed policies and insufficient investments made in this field of battle adversely affect business organizations. Also there are more governmental environmental regulations and requirements set up by the government, customers, and suppliers now due to which business organizations come under pressure to address these issues (Lozada & Polonsky 1993 20). Research literature makes it obvious that this obsession of international business with different environmental issues encompass a wide variety of subjec ts from promoting protection of natural resources and discouraging the imports of products deemed destructive to the environment to illegalize any products which may pollute the air travel or contain toxic metal compounds. For example, the Environmental Protection Agency in the US establishes received restrictions on the importation of lead and lead articles that constitute toxic substances (Hinkelman et al. 2005 829). As a consequence of banning the import of all goods which hold the potential to negatively interfere with natural environment, both positive and negative effects influence the economy of a country. Research indicates that while limiting the import helps in superlative the environmental standards by reducing the rate of goods which could destroy or pollute the environment like clattery vehicles, this practice also exerts a bad influence on the regular