Any business needs to ensure that its environment is not harmed, following three principles – sustainability, responsibility and ethics
Kemmannu News Network, 27-04-2024 16:43:47
Any business needs to ensure that its environment is not harmed, following three principles – sustainability, responsibility and ethics, said Dr. Rajiv Shah, the scholar- professor from TAPai Management Institute (TAPMI), Manipal.
Delivering a special talk on ‘Ecological Management’ under the auspices of Gandhian Centre for Philosophical Arts and Sciences (GCPAS), MAHE, Dr. Shah said any business will have to take care of its environment, especially in these days of climate change and global warming. The three key principles – sustainability in terms of ecosystems and biodiversity, responsibility in terms of labour standards and consumer rights, ethics in terms of human rights and income equality – are integral to ecological management, he added.
Dr. Rajiv Shah also explained how any activity we do, may be managed from ecological perspective. Whichever could be the theme, one may make more eco-friendly choices in terms of manners and materials with cost benefit analysis. All stakeholders need to be taken into consideration in any business activity, he felt.
Disagreeing with economist Friedman’s argument that business of business is to merely generate profit, Dr. Shah stressed the need for social responsibility. He also explained how responsible micro financing is yielding its results in Bangladesh. The GCPAS Head Prof. Varadesh Hiregange, said ecosophy needs to have a touch of ecological management as its realistic dimension. Faculty coordinator Tanishqa Kotian coordinate the special talk.
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