In this decade and the coming century, the natural environment will be an important arena for economic competition. Ecological issues regarding energy, natural resources, pollution, and waste offer both competitive opportunities and constraints, and are changing the competitive landscape in many industries. Corporations can gain competitive advantage by managing ecological variables. This paper explains the concept of 'environmental technologies' as a competitive force and a tool for competitive advantage. Environmental technologies offer a new substantive orientation and a managementprocess for minimizing ecological impacts of economic production while enhancing competitiveness of firms. The practicalapplication of environmental technologies is illustrated using a mini case example of 3M Corporation. Strategic implications of environmental technologies for competitiveness are explored.
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)