Green Business

2019 ◽  
pp. 287-300
Author(s):  
Rabindra Ku Jena
Keyword(s):  
Negative Impact ◽  
Local Environment ◽  
Global Scale ◽  
Life Cycle Approach ◽  
Bottom Line ◽  
Environmentally Sustainable ◽  
Labor Practices ◽  
Doing Business ◽  
Green Business ◽  
Sustainable Organizations

Green business is an enterprise that has minimal negative impact on the global or local environment, community, society, or economy. It is the way of doing business that strives to meet the triple bottom line. Green business embraces sustainable operating procedures, product and material sourcing, labor practices, and shipping methods. The goal of green business is to eliminate any negative impact on the environment on both a local and global scale. This chapter elaborates on the challenge and perspective of green business and explores different dimensions to creating environmentally sustainable organizations in India. Towards the end, this chapter also discussed the initiatives taken by different organizations in India to transact eco-friendly business according to the guidelines of GreenCo, India. GreenCo rating is the first of its kind in the world holistic framework that evaluates companies on the basis of their environmental friendly activities using life cycle approach.

Factors of Environmentally Sustainable Development and «Green» Economy in Russia

2019 ◽  
Vol 2019 (1) ◽  
pp. 122-138
Author(s):  
Petr Kiryushin
Keyword(s):  
Sustainable Development ◽  
Environmental Sustainability ◽  
New Technologies ◽  
The State ◽  
Green Economy ◽  
Environmentally Sustainable ◽  
Doing Business ◽  
Green Business ◽  
International Importance ◽  
State Projects

The paper offers a comprehensive approach to analyzing the processes of environmentally sustainable development (ESD) and green economy (GE) through the prism of interaction between business, the state and the society. The authors grouped twelve factors of ESD and GE in Russia into four categories: those that relate more to the society (formation of an eco-friendly lifestyle, development of eco-activism, popularization of eco-volunteerism), the state ( need for modernization of economy, participation in international cooperation in the field of sustainable development, implementation of state projects of international importance, achievement of environmental sustainability in urban development) and business (development of environmental regulation of business, emergence of green business opportunities, proliferation of sustainable norms and standards of doing business), as well as background factors ( use of new technologies that promote ESD and GE, and actualization of environmental problems). The approach presented allows us to systemically evaluate the processes of ESD and GE and can be applied both for theoretical studies and for achieving practical results.

scholarly journals Green Marketing for Creating Awareness for Green Consumerism

2014 ◽  
Vol 3 (1) ◽  
pp. 17-22 ◽  
Author(s):  
Mohammad Yunus ◽  
Mohammad Toufiqur Rahman
Keyword(s):  
Local Community ◽  
Negative Impact ◽  
Raw Materials ◽  
Triple Bottom Line ◽  
Natural World ◽  
Inclusive Development ◽  
Efficient Production ◽  
Business Practices ◽  
Bottom Line ◽  
Green Business

Green businesses are enterprises which consider environmental protection as an essential component for their long-term business objectives, both by promoting eco-efficient production activities and by marketing sustainable products and services (Barnes, n.d.). Green products may be defined as products or services that have a lesser or reduced bad effect on human health and the environment when compared with competing products or services that serve the same purpose (Website). The purposed of green business are (i) to promote more socially inclusive development (ii) to reduce environmental degradation (iii) to mitigate the effects of climate change (iv) to deal with pressures of population growth (v) to manage, issues of increased scarcity and volatile prices of raw materials effectively. Examples of green product are compact fluorescent lamps (CFLs), which use 75% less energy than ordinary incandescent ones, organic foods, which are grown and processed without antibiotics, pesticides, or synthetic fertilizers, hybrid electric vehicles such as the Toyota Prius, which achieves a fuel economy of 48 city-mpg and 45 highway-mpg (Website)., and green hotels, which are trying to conserve water, energy, and materials usage (Sharkey, 2008). Green business in practically existent everywhere around us. Company such as Wal-mart and General Electric transforming their business practices into green ones (Yeganeh & Glavas, 2008). In a study conducted by MeKinsey of 4,238 business executives in 116 countries, 84% believed that business should contribute to the public good; however, only 3% believe that their companies are currently doing a good job (McKinsey, 2006). Thus, green business is an enterprise that has no negative impact on the (i) environment (ii) economy (iii) society (iv) community. Further, it meets the requirement of the triple bottom line such as financial benefits of the company, natural world betterment and social advantages for employees and members of the local community. The triple bottom line gives importance on initial value instead of the after effects. JEL Classification Code: M31; Q13; P46

scholarly journals The soft side of environmentally-sustainable organizations

2018 ◽  
Vol 53 (4) ◽  
pp. 622-627 ◽  
Author(s):  
Charbel Jose Chiapetta Jabbour ◽  
Douglas William Scott Renwick
Keyword(s):  
Research Agenda ◽  
Positive Impact ◽  
Content Type ◽  
Environmentally Sustainable ◽  
Recent Developments ◽  
Ecological Objectives ◽  
Human Side ◽  
Green Human Resource Management ◽  
New Research ◽  
Sustainable Organizations

Purpose The purpose of the paper is to present a discussion on the “soft and human” side of building environmentally sustainable organizations, a flourishing management subfield called “green human resource management” (GHRM), which concerns alignment of people and environmental management objectives of organizations. Design/methodology/approach The authors reviewed some of the most relevant research results in GHRM. Findings In this paper, the authors define GHRM, its workplace-based practices and some recent developments’ evidence on the positive impact of it on firms’ ecological objectives. The authors conclude by detailing a new research agenda in GHRM. Originality/value The authors conclude by detailing a new and contemporary research agenda in GHRM.

scholarly journals Revisiting Doing Business in the Middle East

2009 ◽  
Vol 12 (1) ◽  
pp. 55-57
Author(s):  
David Desplaces ◽  
Nancy K. McIntyre
Keyword(s):  
Middle East ◽  
International Management ◽  
Cross Cultural ◽  
Cultural Conflict ◽  
Class Discussion ◽  
Bottom Line ◽  
Cultural Aspects ◽  
Doing Business ◽  
Team Environment ◽  
A Company

This case engages students on a number of issues common to doing business in other countries, specifically in the Middle East. It is intended to be a basis for class discussion rather than to illustrate either effective or ineffective handling of the situation. The case seeks to integrate issues of international management and cross-cultural conflict and negotiation. Students are challenged to diagnose a cross-culturally sensitive situation and develop solutions in a team environment under limiting time restraints. This case is also designed to help students understand the cultural aspects of a situation and how different solutions could have major consequences on the bottom line of a company.

scholarly journals Financial Analysis of Water Management Practices in Cranberry Production in Quebec, Canada

2021 ◽  
Vol 10 (4) ◽  
pp. 13
Author(s):  
Ana-Maria Bogdan ◽  
Suren Kulshreshtha ◽  
Jean Caron
Keyword(s):  
Real Time ◽  
Management Practices ◽  
Net Present Value ◽  
Financial Analysis ◽  
Global Scale ◽  
Sensitivity Analyses ◽  
Economic Returns ◽  
Bottom Line ◽  
Agricultural Producers ◽  
Climate Change Effects

At a global scale, Canada is the second largest cranberry producer, with Quebec being the largest producing region within Canada. Efficient water use in agricultural production has long been a topic of outmost importance to agricultural producers, and governing bodies. The immediacy of climate change effects sped up the need to find solutions that conserve water. One such promising technology is irrigation using real-time tensiometers, which provides rapidly critical irrigation needs information to producers. Adoption of improved technologies by farmers is dependent on the effect it has on the farms’ bottom line. In this study, we examine the financial performance of real-time tensiometer based irrigation, and compare it to evaporation needs based irrigation (baseline), in the context of a Quebec-based cranberry farm. Our findings show that irrigating using real-time tensiometers technology generated higher economic returns. With a net present value of $96,847, this technology increased returns by nearly 53% compared to the baseline technology. Subsequent sensitivity analyses confirmed the robustness of these findings, even when changing important farming parameters.

scholarly journals Complexity and the triple bottom line: an information-processing perspective

2017 ◽  
Vol 37 (9) ◽  
pp. 1142-1163 ◽  
Author(s):  
Frank Wiengarten ◽  
Muhammad Usman Ahmed ◽  
Annachiara Longoni ◽  
Mark Pagell ◽  
Brian Fynes
Keyword(s):  
Information Processing ◽  
Financial Performance ◽  
Structural Equation ◽  
Negative Impact ◽  
Triple Bottom Line ◽  
Structural Equations ◽  
Equation Modeling ◽  
Bottom Line ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to empirically investigate the impact of complexity on the triple bottom line by applying information-processing theory. Specifically, the paper assesses the impact of internal manufacturing complexity on environmental, social, and financial performance. Furthermore, the paper assesses the moderating role of connectivity and shared schema in reducing the potential negative impact of complexity on performance. Design/methodology/approach Multi-country survey data collected through the Global Manufacturing Research Group were utilized to test the hypotheses. The authors used structural equation modeling to test the measurement and initial structural model. Furthermore, to test the proposed moderating hypotheses, the authors applied the latent moderated structural equations approach. Findings The results indicate that while complexity has a negative impact on environmental and social performance, it does not significantly affect financial performance. Furthermore, this negative impact can be reduced, to some extent, through connectivity; however, shared schema does not significantly impact on the complexity-performance relationship. Originality/value This study presents a comprehensive analysis of the impact of complexity on sustainability. Furthermore, it provides managerial applications as it proposes specific tools to deal with the potential negative influences of complexity.

REDUCING THE ADVERSE EFFECTS OF THE OPERATION OF GAS FIRED MELTING FURNACES ON THE ENVIRONMENT

2021 ◽  
Author(s):  
Luboslav Straka ◽  
Tibor Krenicky
Keyword(s):  
Fossil Fuels ◽  
Negative Impact ◽  
Combustion Process ◽  
Melting Furnace ◽  
Operating Mode ◽  
Global Scale ◽  
Pollutant Emissions ◽  
Experimental Measurements ◽  
Global Concern ◽  
Overall Efficiency

Due to the growing production on a global scale, the use of fossil fuels is also increasing. Therefore, the control of pollutant emissions produced in the industrial sphere has become a global concern. In general, an imperfect combustion process has a negative impact on the overall efficiency and economy of plant operation, but at the same time increases the share of total emissions in the environment. We also encounter this problem when operating gas fired melting furnaces. Therefore, the paper aimed to describe the results of experimental measurements of the number of emissions produced during the operation of a gas fired melting furnace, which in practice is mainly used for melting alloys. Experimental measurements were oriented to find the most suitable variant of the operating mode of the gas fired melting furnace with regard to minimizing the total amount of emissions produced.

Reengineering a Green Business

2013 ◽  
pp. 1-11
Author(s):  
Yi-Chen Lan
Keyword(s):  
Business Process ◽  
Performance Monitoring ◽  
Business Processes ◽  
Life Cycles ◽  
Future Research ◽  
Environmentally Sustainable ◽  
Process Characteristics ◽  
Sustainable Operation ◽  
Green Business ◽  
Corporate Social

A green environment is a social as well as business issue. Business enterprises, as a large part of the global community, are obliged to make endeavours toward an environmentally sustainable operation that reflects their corporate social responsibility. One of the effective approaches of making business operations more environmental friendly is to undertake business process reengineering with the strategic focus on green perspective. This paper discusses the reengineering of a green business from its process viewpoint. This reengineering of business processes is undertaken in the context of five areas of green business characteristics (necessary, effective, efficient, agile, and measureable) and their corresponding life cycles. This analysis paves the path for an in-depth research agenda for developing and operating green business processes in organizations. The framework is explained with five key phases namely, 1) examining business processes with green process characteristics, 2) integrating business processes with the environmental standards, 3) green business process redesign, 4) training programs development and change management, and 5) performance monitoring and process improvement. The paper concludes with a suggestion of the framework validation and future research directions.

Green Computing to Green Business

2013 ◽  
pp. 138-150 ◽  
Author(s):  
R K Jena
Keyword(s):  
Energy Cost ◽  
Green Computing ◽  
Business Community ◽  
Central Theme ◽  
International Affairs ◽  
Global Business ◽  
Doing Business ◽  
The Social ◽  
Green Business ◽  
Economic Consciousness

In recent years, environmental and energy conservation issues have taken the central theme in the global business arena. The reality of rising energy cost and their impact on international affairs coupled with the different kinds of environmental issues has shifted the social and economic consciousness of the business community. “Greening” the computing equipment is a low-risk way of doing business. It not only helps the environment but also reduce costs. It is also one of the largest growing trends in business today. Hence, the business community is now in search of an eco-friendly business model. This chapter highlights the concept of green computing, green business, and their needs in the current global scenario.

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