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Challenges Associated with Running A Green Business in India and Other Developing Countries

Author

Listed:
  • H., Sujaya
  • S., Meghana
  • Aithal, Sreeramana
Abstract
Running a green business in India and other developing economies is indeed a challenging job for the producers involved in this business. In a green business environment, the company may re-design the product attributes since the usage of the harmful chemical may be prevented and scarce resources may not be exploited. The main objective of this case study is to assess the factors that are associated with running a green business in India and other developing economies. This case study also highlights the issues related to the green business. This case study is developed by using secondary data to assess the factors that influence green business. The secondary data was obtained from another exhaustive literature review of journals and internet sources. The developing economies strive hard to achieve green business since it has been a necessity for these countries to depend on natural resources. The important aspect here is developing countries depend on both the economic and social factors which have a major impact on environmental factors. Moreover, developing countries are mainly dependent on natural resources for their potential and growth so as to give stiff competition for the developed economies in a global market. In addition, many developing economies face challenges basically related to power, water, ecological problems, social and economic problems and also problems related to weather and climate change. The challenges associated with green business also depends on cost analysis, where it is quite expensive for a poor and developing economy to reach the initial cost too since the usage of basic technology is lacking. Moreover, the treatment for wastewater, water resource management, treatment for disposal of effluents and toxic waste are not successfully utilized. The developed economies need to import modern technology and technical knowledge from other countries because of the lack of their own technology and technical skills. Now a day’s many countries have the knowledge of green growth which thereby helps to improve the economic standards of the countries. The government has to take certain measures such as the provision of subsidies which may support the challenges of green growth and development. The short-term subsidies may not benefit more since it may hamper the production and demand by raising the price and cost. But as for the long term is considered these reforms may provide more effectiveness in productivity and thereby lead to changes in technologies.

Suggested Citation

  • H., Sujaya & S., Meghana & Aithal, Sreeramana, 2019. "Challenges Associated with Running A Green Business in India and Other Developing Countries," MPRA Paper 95163, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:95163
    as

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    File URL: https://mpra.ub.uni-muenchen.de/95163/1/MPRA_paper_95163.pdf
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    References listed on IDEAS

    as
    1. Aithal, Sreeramana & Jeevan, Preethi, 2016. "How Service Industries can Transform themselves into Green Business Industries," MPRA Paper 71767, University Library of Munich, Germany, revised Apr 2016.
    2. Aithal, Sreeramana, 2016. "Review on Various Ideal System Models Used to Improve the Characteristics of Practical Systems," MPRA Paper 74395, University Library of Munich, Germany, revised 20 Sep 2016.
    3. Aithal, Sreeramana & Acharya, Sridhar, 2016. "Impact of Green Energy on Global Warming - A Changing Scenario," MPRA Paper 73374, University Library of Munich, Germany.
    4. Aithal, Sreeramana & Aithal, Shubhrajyotsna, 2016. "Opportunities & Challenges for Green Technology in 21st Century," MPRA Paper 73661, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Green business environment; Challenging jobs; Developing economies.;
    All these keywords.

    JEL classification:

    • M0 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising
    • M39 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Other

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