Professional Documents
Culture Documents
Environmental Factors For Conducting Business
Environmental Factors For Conducting Business
Business Environment
Pollution
Pollution can also have an impact over business strategies. Pollution
may cause some major environmental events which can result in the
disruption of supply chains or an increase in the cost of raw material.
Organizations need to monitor such events and develop contingency
plans so as to deal with them.
Availability of natural resources
Amongst external environment factors, this factor refers to the physical
environment of a business. Natural resources are very important for most
businesses and many corporations have natural resources as their major
raw material. Lack of natural resources can hinder an organization’s
producing ability and hence its output.
Recycling
Recycling is another aspect of a greener environment. The cost of
dumping waste in landfills is increasing and is resulting in not only
shortage of wastages but, it also provides harm to the environment.
Recycled materials not only results in making the production process
cost-effective but, it also helps the business to save some money and
helping the environment.
Waste Disposal
Although, there has been a positive trend towards recycling of waste
materials, still there are several businesses which dump wastage in
landfills. This not only increases their cost of dumping waste but, is also
harmful to the environment in which the business operates. Businesses,
in order to meet their bottom line, should first look at producing less
waste and use fewer resources which will reduce their production cost
along with making the corporation sustainable.
Examples of How Environmental Factors Affect Tesco
Companies are facing increased pressure by government agencies to
address environmental issues. Furthermore, companies must respond to
these issues in ways that benefit society. Now Tesco encourages its
consumer to shop at tesco.com. Tesco Van Drivers will not only use
fuel-saving routes but also collect unwanted plastic bags from customers
and recycle them.
Also, Tesco is committed to use renewable sources and generate 100%
of its electricity by 2030. The company promises to minimize upto 50%
carbon footprint by 2020.
Conclusion