is defined as the totality of man’s surroundings — both natural and man-made. Pollution — the injection of harmful substances into the environment is, in fact, largely the result of industrial production. Pollution has harmful effects both for human life and the life of other species. Causes of Pollution: Among the various sources of pollutions, industry is a major generator of waste in terms of both its quantity and toxicity.
Many business enterprises have been responsible for causing air, water, land and noise pollution. Need for pollution control: Important reasons which make a case for pollution control are: (i) reduction of health hazards, (ii) reduced risk of liability, (iii) cost savings (iv) improved public image, and (v) other social benefits. Role of business in environmental protection: Each member of society can do something to protect the environment. The business enterprises should, however, take the lead in providing their own solutions to environmental problems.
Some of the steps that they can take are: top management commitment, clear-out policies and programmes, abiding by government regulations, participation in government programmes, periodical assessment of pollution control programmes, and proper education and training of concerned people. Concept of business ethics: Ethics is concerned with what is right and what is wrong in human behaviour judged on the basis of socially determined standards of behaviour. Business ethics concerns itself with relationship between objectives, practices, and techniques and the good of society. Ethics is important for every business.
Elements of business ethics: An enterprise can foster ethics at the workplace by following basic elements of business ethics, such as (i) top management’s commitment, (ii) publication of a establishment of compliance mechanism, (iv) involving employees at all levels and (v) measuring results. EXERCISES Multiple Choice Questions . Social responsibility is Same as legal responsibility Broader than legal responsibility Narrower than legal responsibility None of them . If business is to operate in a society which is full of diverse and complicated problems, it may have Little chance of success Great chance of success Little chance of failure No relation with success or failure.
. Business people have