Is it sufficient for corporations to comply with regulations and law?
Firstly, the meaning of compliance is doing what is required to be done, as for corporations to comply with laws and regulations it’s important, but there is something important that has to be mentioned, in accordance to Dunphy, Griffiths & Benn (2007) there is difference between spirit and letter law. Spirit of the law is being ethical from inside, such as knowing what is right and what is wrong to do, whilst letter of the law is obeying the law as it’s written. It is important for a corporation to comply with law and regulations in order to achieve efficiency and ...view middle of the document...
Another risk is weakening the potential economic goals.
Limitations that exist for managers to engage in green culture:
Resources should be fairly and efficiently used to meet human needs, limited measurement of environmental factors and low levels of technological capability. Managers will find problems in limiting their authority toward flexible reacting according to their market, as some managers believe that they do not want to go green just because it is required in law of operating businesses, as going green means limiting the economic goals of corporation. In the other hand, managers should be considering the value chain because it is pertaining to the corporation going green program. Value chain is a string of companies working together starting from production of a product up to its delivering to the market. Thus, this shows that going green hinges on companies related in production, as a result this decision will need a long process to be implemented.