Sustainable Business Requires a Social Support System
Author: Gowdy, John M.
Source: Interdisciplinary Yearbook of Business Ethics, Issue data not provided , pp. 173-176(4)
Abstract:A sustainable business monitors and controls its production process from “cradle to cradle.” The environment should be the same at the beginning and the end. Care should be taken to protect the environment from the point of raw material extraction to the point of final disposal of the product the firm is producing. So a sustainable business means having ecologically sustainable production processes, recycling wastes from the production process, and minimizing the environmental impact of the final product.
A sustainable business also recognizes that work is a social as well as a moneymaking activity. Wages must support a decent standard of living. Businesses should encourage the full development of human potential at work including involvement in production design and the mission of sustainability.
Sustainability requires understanding the physical nature of production processes and available alternatives to achieve environmentally benign production. In some cases a single company can achieve ecological sustainability, but any company is subject to the current socioeconomic framework where growth is almost a necessity for firm survival. Also, the product itself should contribute to the well-being of society. Sustainably produced weapons, for example, are not in the same category as sustainably produced children's vaccinations.
Sustainable businesses require a support system of pro-environmental and prosocial regulations. Achieving sustainability depends on the surrounding social and environmental regulations. Sustainability is best achieved within a framework of an adequate social safety net that includes health care and social security as public policy.
Document Type: Research Article
Publication date: January 1, 2006
- Interdisciplinary Yearbook of Business Ethics
This volume comprises the work of twenty scholars and practitioners from Europe, America, Asia and Africa. Contributors represent a diversity of fields including organizational science, economics, systems theory, personality psychology, business ethics, finance, management, philosophy, political science, sociology, and ecology. All the papers stand for a more human and ethical approach to economics and business.
- Submit a Paper
- Purchase hard copy print edition
- Learn more about Peter Lang @ GSE Research
- ingentaconnect is not responsible for the content or availability of external websites