Question

Can organizations effectively manage environmental issues while making a profit? Explain your position.

Answer 1

Yes, organizations can manage environmental issues while making a profit. I will explain this through the below means:

1. If the business is that of automobile manufacturing, the business can invest in research and development of electric vehicles that do not degrade the environment and electric vehicles are deemed to be the future as fossil fuel reserves are quickly depleting. Hence the business can make profits by being environmentally friendly.

2. If you are an oil exploration company, you can have strict guidelines as to make sure the oil is explored and transported to the rigs without harming the environment. Few years ago there was an issue when there was oil spill by British petroleum that caused damage and killed several fishes and sea birds. It was the duty of British petroleum to clean the mess and pay damages.

3. If you are a power generating company, you can still make profit by focussing on cleaner energy sources like wind energy and solar energy.

In these mechanisms, business can still make profits and be environment friendly.