prepare an argument opposing the following statement: "The first priority of any business is to its shareholders. It is not environmental protection- that is the role of government"
i need some starter points to get me started on this question, thanks
http://smallbusiness.chron.com/role-business-environmental-protection-59370.html
http://www.globalissues.org/article/55/corporations-and-the-environment
http://www.studymode.com/essays/The-Role-Of-Business-In-Protecting-255648.html
To prepare an argument opposing the statement that the first priority of any business is to its shareholders and not to environmental protection, you can begin by considering the following starter points:
1. The concept of the stakeholder model: In recent years, the idea of the stakeholder model has gained recognition, which suggests that businesses should consider the interests and well-being of all stakeholders, including employees, customers, local communities, and the environment, rather than just prioritizing the shareholders. This broader perspective recognizes the importance of sustainable and responsible business practices.
2. Long-term sustainability: Businesses rely on resources from the environment, and the well-being of the environment is crucial for their long-term success. Neglecting environmental protection can lead to negative consequences, such as resource depletion, increased costs, reputational damage, and potential legal implications. Prioritizing environmental protection can actually contribute to a company's long-term financial success by ensuring the availability of resources and maintaining a positive reputation.
3. Repercussions on society: Businesses are not isolated entities; they operate within larger societal systems. Environmental degradation and pollution can have severe consequences on communities, including health issues, diminished quality of life, and economic downturns. By considering environmental protection as a priority, businesses can help foster a sustainable and prosperous society, benefiting both the local community and the business itself in the long run.
4. Changing consumer preferences: Over the years, there has been a significant shift in consumer expectations, with a growing demand for sustainable and environmentally-friendly products and services. Ignoring these preferences can have detrimental effects on a company's market share and profits. Prioritizing environmental protection allows businesses to align with changing consumer values and gain a competitive edge.
5. Government regulations and standards: Although the statement argues that environmental protection is the role of government, businesses also have a responsibility to contribute to environmental sustainability. While government regulations play a crucial role in setting standards and ensuring compliance, businesses should not solely rely on them. Taking proactive measures to protect the environment demonstrates ethical accountability and can even influence policy decisions positively.
By considering these starter points, you can develop a coherent argument that challenges the idea that shareholder priority should trump environmental protection in business decision-making. Remember to support your points with evidence and examples relevant to your specific context.