Sustainability of Business in the Context of Environmental Management

Book excerpt: The unending process of globalization and liberalization of market and economy has expanded opportunities and prompted the introduction of new ideas of leadership and management. The proliferation of business strategies in globalized world necessitates the need for expanding socio-environmental concerns of business. Sustainability of Business in the Context of Environmental Management studies the newly emerged concept of ‘sustainable business’ in view of the growing Indian economy. It explores the current corporate social responsibility practices adopted with special reference to environmental management in Indian companies. The book compares the legal, financial, economic, industrial, and social behavioural aspects. Out of these aspects, industrial aspect in view of ‘environmental management’ is discussed in detail. It also explores the forces driving the changing relationship between business and society and corporate leadership reacting to environmental challenges. Finally, the book restates the concept of increasing profitability through societal development.