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Environmental Spheres of a Firm

In: The New St. Gallen Management Model

Author

Listed:
  • Johannes Rüegg-Stürm

    (University of St. Gallen)

Abstract

In the new St. Gallen Management Model, we distinguish among four important environmental spheres. The most all-encompassing sphere is society. It is the social discourse which impacts upon how nature as such is actually perceived, how technological developments progress, and how economic value creation should occur. With respect to the environmental sphere society, for example, firms might be interested in the following aspects and their related trends: the population’s readiness to work and the level of education; the population’s open-mindedness towards unfamiliar and new ideas; the population’s willingness to take risks; the population’s age structure; the distribution of income and wealth; social problems and potential for conflict; the role of the government and the manner in which public opinion is shaped; political culture and limiting conditions; political forces; public infrastructure and educational opportunities; … The environmental sphere nature is not simply — as one might believe — of a given magnitude.

Suggested Citation

  • Johannes Rüegg-Stürm, 2005. "Environmental Spheres of a Firm," Palgrave Macmillan Books, in: The New St. Gallen Management Model, chapter 3, pages 14-17, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50516-2_3
    DOI: 10.1057/9780230505162_3
    as

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