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Mind Map, Because of the pursuit of shareholder value - waste and/ or…
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Because of the pursuit of shareholder value - waste and/ or obsolescence, nature, and the corporation - are in conflict without a solution
NATURE :
Most companies follow LINEAR economy (take-make-dispose) rather than CIRCULAR approach (Green TV,2016)
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SOLUTION
YES - Carbon capping (regulations) (Evans, 2020)
NO - ADAM SMITH - self-interest is beneficial - allows helping each other, improving social justice (Smith, 1981)
CORPORATION :
SOLUTIONS
Reinvesting in human assets rather than increasing shareholder value makes companies successful (Lazonick, 2019)
E.g Apple & Google make billions for investors by buying back their own stocks at the expense of the public and the planet (Lazonick, 2019)
The UN Global Compact - attempts to get corporations to protect the environment and publicly commit their businesses to sustainable practices (Crane,2010)
Consumption performs a major role in economic growth (Crane,2010). However Lazonick (2014) argues that corporate profitability doesn't translate to economic prosperity
E-WASTE - affects developing countries more, as the treatment of e-waste in respect to these countries' environmental laws increases its cost (Ottaviani)
OBSOLESCENCE:
PLANNED OBSOLESCENCE- undermines consumer choice, increase costs & destruction of owning
products, resulting in ecological spoiling.(Maycroft,2009)
E.g, Apple is expected to grow sales by 12.6% in 2021, meanwhile earnings per share capital will rise by 16.9% (Cannivet,2020)
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