ENGT5219 Engineering Business Environment

Engineering business environment 1
Engineering business environment
Name
Institution

Engineering business environment 2
Engineering business environment
ContentsMaking use of literature..............................................................................................................................3
Evaluate the chosen business in terms of its environmental impact, its purpose, responsibilities and risks
....................................................................................................................................................................4
Compare the two approaches you have chosen in terms of how well they help to manage the clean
growth of your chosen business..................................................................................................................8
References.................................................................................................................................................10
Appendixes................................................................................................................................................12

Engineering business environment 3
Making use of literature
According to [15], clean growth is a way of achieving economic growth with good
resources, technology and allowing sustainable development. The aim of this model is to ensure
efficient production with reduced impacts on the environment. For businesses to ensure
sustainable development with clean growth, there are some of the techniques which should be
put in place to help them achieve this objective. One of these approaches is the triple bottom line.
This is an accounting framework used to measure a company’s economic, social and
environmental impacts [9]. To achieve clean growth, triple bottom line ensures that the company
contributes to the local health development and educating services. This also ensures that the
natural resources used in the company, waste management does not have negative impacts on the
environment. This is achieved by monitoring these elements well.
The five capitals is an approach which provides a basis for understanding sustainability
developments in terms of wealth creation or capital. This approach is composed of five assets.
These assets include economic, built, social, natural and human capitals. The importance of this
model is that each form of capital is able to generate benefits in economic growth while still
sustaining clean growth [11). For example, a natural form of capital ensures that the company
has access to clean water, fresh air, and other key natural resources which have no negative
impacts on the environment. Also, human asset ensures that people are in good health which
enables them to work well hence increasing productivity.
Natural capitalism is an approach that aims at favoring both human and nature while still
able to make profits, improving on the workforce and also gaining competitive advantage. This
model encourages increased resource production, zero- waste and nontoxic production. The
model argues that people and nature are today valued at zero so protecting them and restoring

Engineering business environment 4
nature would be more profitable [2]. On the other hand, cradle to cradle manufacturing is a
process of acquiring certification for products which ensures more sustainable nature. This
model ensures that the company protects and enrich the ecosystem while maintaining safe and
productive technical metabolism. With this, the company would be ensuring clean growth.
The circular economy is whereby resource input waste and, energy are minimized by
recycling. This model is based on three principles which are, designing out waste and pollution,
keeping products/materials in use and regenerating natural system [6]. With this recycling and
remanufacturing of waste resources, this model ensures that there are no toxic gases and waste
which is released to the environment hence ensuring clean growth. The balanced scorecard is a
strategic planning and management system which is used by managers to explain the goals and
objectives of the organization to the employees. This model also aligns day to day activities
which employees should undertake and helps in prioritizing projects [16]. This is important
because it ensures that all employees have participated in the success of the business. Since it
helps in prioritizing products, it would help managers in choosing resources which has no
negative impacts on the environment.
Evaluate the chosen business in terms of its
environmental impact, its purpose, responsibilities and
risks
In this case, the two approaches to be used in evaluating the company are five capital and
triple bottom line. The company chosen in this case deals with the manufacture of exhaust pipes.
For five capital, which focuses on the understanding of sustainable development in terms of
wealth creation, would enable the owners to understand the environmental impacts of this
business. Since this model consists of five assets, each plays an important role in ensuring the