Business & the Environment

4 April 2015
Importance of corporate consideration of environmental impact, theory of value of public goods, case studies of Nestle’s infant formula & Patagonia Clothing.

Companies do not conduct their business in an isolated environment. In today’s global economy, events from throughout the world can affect the activities of small business in small towns in the United States. Factors which can affect business include social and cultural influence, international considerations, legal ramifications and financial influences. When OPEC imposed an oil embargo during the 1970s, it was a response to the political situation in Israel and the support that Israel received from Washington. The end result, however, is that consumers throughout the United States, who had no direct influence over any of these events, paid higher prices for their gasoline. Understanding how the business environment can affect companies is critical to their long-term success. This research examines some critical …
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