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Merging economic sense and ecological sensibility: environment‐driven response to corporate change
Author(s) -
Ulhøi John P.
Publication year - 1998
Publication title -
strategic change
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.527
H-Index - 16
eISSN - 1099-1697
pISSN - 1086-1718
DOI - 10.1002/(sici)1099-1697(199801/02)7:1<31::aid-jsc291>3.0.co;2-x
Subject(s) - sensibility , mainstream , field (mathematics) , sustainable development , mechanism (biology) , economics , resource (disambiguation) , business , economic system , neoclassical economics , industrial organization , political science , law , computer science , epistemology , computer network , mathematics , pure mathematics , philosophy
Global industrial structures and the market mechanism, vested economic interests and contemporary environment taxation do not favour sustainable business practices and/or clean technologies. It is argued that mainstream economics and management theories cannot adequately handle the internalization of environmental dimensions. The first conclusion is therefore that industry—except for a few pioneers—is still far from having translated all the fine words into practical deeds. While the principle of sustainable development challenges some of the assumptions of economic theory, the field of corporate environmental and resource management is still too young to offer a fully tried and tested alternative of its own.