Ecopreneurship And The Benefits That Companies Can Gain From Applying This Business Model - Essay Example

Ecopreneurship and the benefits that Companies can Gain from Applying this Business Model Ecopreneurship is all about business innovative technology that drives into the hub of economic growth. Similar to other concept of theory it is hard to explain because it clearly signifies numerous semantic and philosophical arguments. However this is a process of analyzing why and how existing firms should go greener in nature. Its strategies can be seen into more different way of making business at friendly process in symbiotic process. With the responsibility of entrepreneur to its physical environment synchronizing running a sustainable business into the global marketplace ecoenterpreneur was then born. Ecoprenuership was able to recognize environmental challenge and sustainable options for business opportunity. Over the past decade it is evidently shown that growth cannot go into the preservation of nature which we can feel its hazardous affects to the nature. We are suffocating to the high level of pollution and suffering from different kind of unpredictable and abnormal weather phenomenon. We can feel the loss of biodiversity thru the increasing downfall production of goods. Many of the productive land shifted to commercial use, and unable to utilize for the food production supply because of major human activities but sooner turned into land degradation. We tend to have climate change which effect on the earth’s stored ice in the north and south part gradually melting and resulting to rising sea level, unexplainable huge floods in low lands, excessive rain fall, and stronger typical cyclone. The worst changes effect we have in this present time is greenhouse effect making earth’s temperature hotter and hotter. Sustainable development seeks more opportunity and overcome challenges to the said outcome in the community, people, and nations. A universal agreement made a little headway addressing the environmental problem, market demands, and innovation technology. On the other hand, entrepreneur play crucial role for identifying opportunity for the people digging out new technology into commercial use. Therefore global business leaders are formed to resolve the conflicts between business and economic goals thru ecopreneurship and bring out sustainability. The adaptation of entrepreneurial management to conceptual framework of green environment, and/or sustainable oriented management practices can stress out the values of regional economy as well as the social system balancing profits and ecological environment objectives. Predominance of any entrepreneurial behavior generating and enhancing economic activity entails sustainability of any manner. As a result regarding business and considering economic objectives cannot be attain in the long run so to speak profit goal if the aspiration of environmental protection is unsuccessful. The coherence of concept balance lies in the ethical objectives, fundamental guiding experiences of business, and network relationship not only within business partners but with local/regional communities, and the general public. Environmental responsibility Our ecosystem has been sinking for excessive usage of resources and already in the alarming state of extinction. Inconsiderable human and business operations are always subject to major environmental conflicts which always lead to misusage of natural resources. More than half of substantial resources both organic and inorganic cannot be regenerated once consumed. In order to gain profit sufficient resources are needed to operate so then biological survival is very important in the cycle. The demand of growing population doubles the world consumption in number particularly in productions. Other part of consumption is important for alleviating poverty in the Third World Country and the use of resources is justifiable for this situation. On the other way the world’s affluent consumption can lead to ecosystems disproportion and might over pollute the environment like for example overfishing, logging, mountain farming, and forest harvesting. Constant approach of most material and energy will put briefly into the hotspot of these natural resources that sooner become waste in water, land, and atmosphere and if once lost can never been replaced. The more carbon dioxide released into the air the more greenhouse gas is present potentially leading to climate change. Abnormal weather condition might be experiences from season to season. Climate has something to do with the abnormality of weather during summer and rainy days. Famine and excessive drought might be experiencing during summer. Floods in community and even high rise areas can possible to happen without any clue of calamity. Human and ecosystem should be in balance harmony to prevent toll up of killer pollution. The rate of extinction in human history is accelerating. As the scale of human economy has been growing and natural habitat of species lost almost 55% in tropical forest. Tropical deforestation, biodiversity loss, pollution, disastrous deterioration triggers the threat of humankind and life of mother earth. With the power of science technology and sudden twisting of changes in our environment ecopreneurship catalysts can save and address problem of growing demands of life. The suggestion of making greener work provides a practical framework for large corporate bodies with keen responsibility for incorporating social responsibility; providing trainings and employment to the community and social partner; and lastly to provide support and concessions to the government and social institutions. The revolution of environmental entrepreneurship was incorporated in the growing discipline of environmental issues and sustainability. Sustainability is making the road for a long term survival of economic performance and environment. The concept of eco-efficiency in the sustainability is working for the benefits of life-cycle, quality of life, human needs, competitive deliverance of goods and services pricing all in line balancing to the earth’s living capacity. Valuation of Externalities of public goods In the prevailing view, ecology and economy have been trading off from social benefits following to compliance of strict environmental standards. Valuing economic goods between the distinction of private and public goods has directly related to the connection of two critical properties: (1) non-rivalrous, which the consumption does not add anything to the cost; and (2) non-excludable which consumption does not reduce the rate of goods availability consumption for others1. These two critical properties should gain two important questions to consider. First the producer has no control once released over the usage of goods of consumer in any kind of freely manner. The second one is about the government who provides control and oversees natural resources in balance way. For example, overfishing in open water should lead to exploit the collapse of natural resources. The government is the responsible for making the policy instruments and regulations. The provision of externalities represents the cost and benefits of momentary units from the social view to cost-analysis framework. The valuation is the estimation of momentary value of economic goods. The result of valuation can serve as an assessment to social efficient use of resources and identify specifically the economic value of each goods. Fluctuating supply and demands is another concern of valuation of good whether private or public good. Economic valuation will help and provide necessary information for administrative decision makers to do policy alternatives. Sustainable development and entrepreneurial opportunities “Win-win” situation in the world of economic profitability has always been a subject for powerful tools in the projection of development of socio-economic growth. Everything changes to the trajectory of human involvement, so as the environmental challenges become more varied and complex rigid in nature the cost is also arising in dynamics. New policy should establish such as tradable permits, pollution taxes, and acknowledgement of green entrepreneurial approach in the future. Global sustainability requires creative destructions to the social enterprise movement between entrepreneurs and public institutions on their potent hefty profits. It can be a good measure to maintain the status quo or ‘growth’, resource maturity, and existence and survival of business in the long run. The green works run principally in the purpose of business and reinvested the community rather than looking on the other edge of maximizing profits for enterprise shareholders and owners. In the mainstream of economics, entrepreneurs seeking every new opportunity for finding profits at any stable manner. It is should not be for the self-interest, satisfaction of material wants, but broadening the horizon of preferences among other things and welfare of others. Environmental factors that triggers innovation offset can lower meeting of environmental obligations, innovate waste quantities, increase disposal cost, and more production process. The role of entrepreneur on this area is subjective to both profit market and productive use of natural resources. Environmental goods and services based on remarked on early 1990s2 rise up to ten more percent on the products on the market. Some of the companies mount for green philosophy of production nurturing or restoring environment. Alliance for interorganizational partnership working jointly for sharing safe practices, raises environment conscious, and promotes environmentalism and business. Toward a Typology of Ecopreneurs Essentially entrepreneurs with environmental dimension are the typical pursuers of business-centered opportunities. They are striving for eco-efficiency for the goods and services in the business area for using fewer resources, and generating less impact products. They are more likely in the industries of chemical, car manufacturing, petroleum, and all major virtual industries. In addition to that they are fast growing industry and with the sense of green works it dramatically reducing external inputs or ‘hazardous’ waste from manufacturing products thru the use of ecological principles saving earth sanctuaries. Conservation of earth sanctuaries can generate profits from tourism; merchandise sales, revenues derived from the land, and even outsourced sale from consulting and contact services of wildlife and conservation management. In whatever opportunity this kind of eco-entrepreneurs is loyal to discovery of new innovations with zero waste management targets and able to do proper commercial environment. The other category of ecopreneurs is ‘green entrepreneurs’ whose business is in the environment ventures. Unlike the other one, this type is about pursuing profit prospect in the environmental-centered opportunities. They are fond at the process of recycling, pollution control, water rehabilitation treatment, regeneration of pollution areas, and engineering and consulting firms. As the result more people are likely to attract in the movement of green environment and introduce cleaner production components and processes. As more businessman shifted to green entrepreneur it is one step forward for saving earth’s remaining flora and fauna from deterioration and destructions. Consider farmers are using ecological principles in organic farming will dramatically reduces chemicals, pesticides, and drugs in farming. However green entrepreneurship is not only important for market-based opportunity but for demonstrating economic business as for the act role of “pull” factor entices of other firms and a “push’ factor for the government regulations and stakeholder pressure. Either environment-conscious or green environment entrepreneurship both share common features for sustainable development and social-environment responsibility in capitalizing technology advances. On the other hand, the powerful advancement of research on technology proves another way of saving earth sanctuaries through the use of nanotechnology, information technology, biotechnology, and alternative energy technology 3. The remains of obsessive usage of resources are on the land, water, and space already. These technology suggested alternatives for resource utilitization and not said to be our ignorance to the destructive remains in the environment. In more generation to come preservation of the earth will identify quality of life in the next more generation. So then not only entrepreneurs are held responsible for the usage of environment whether proper or improper but empowering people will help a lot in saving this earth. It’s the preview of people of who begin to retrenchment by doing something with far more deep meaning in life. Bibliography: _____________. n.d. Public Goods, Non-Rivalrous And Non-Excludable. Blacksacademy Symbol. Available at http://www.blacksacademy.net/content/3402.html (Accessed 20 April 2010). Schlange, L. 2006. What drives sustainable entrepreneurs? Applied Business and Entrepreneurship Association International 2006. Chur, Switzerland. Schaper, M. 2002. The Essense of Ecopreneurship. GMI Theme Issue: Environmental Entrepreneurship. Curtin University of Technology, Australia. Philips, M. 2006. Ecopreneurs Making (Green) Sense: Reflections on Two Case Studies. University of Bristol, Bristol. Volery, T. n.d. Ecopreneurship: Rationale, current issues and future challenge. Available at http://www.kmu.unisg.ch/rencontres/band2002/F_11_Volery.pdf (Accessed 20 April 2010). Clifford, A. & Dixon, S. 2..5. Entrepreneurialism and Embeddedness: A Model for Ecopreneurship. Kingston Business School. Available at http://business.kingston.ac.uk/files/documents/research/kbspapers/working/12wecoprene urs.pdf (Accessed 20 April 2010). Read More