Enhanced descriptions from Syndetics:

a practical introduction to new and necessary methods of running businesses so that the realities of business and the marketplace support the realities of the environment and the needs of human development

Changing Course is a practical introduction to new and necessary methods of running businesses so that the realities of business and the marketplace support the realities of the environment and the needs of human development. Gathering the expertise of more than 50 leaders of multinational corporations and backed by an array of case studies showing existing best practices, Changing Course provides an extensive analysis of how the business community can adapt and contribute to the crucial goal of sustainable development - which combines the objectives of environmental protection and economic growth. All of its recommendations are linked by the belief that only by allowing market forces to operate freely and integrating the "polluter pays" principle into environmental and economic policy can sustainable development be achieved.

Changing Course focuses first on the often adversarial relationship between business and government in chapters that discuss full-cost pricing and market signals, energy, capital markets, trade, and managing change. It shows how environmental costs, which are often invisible, can best be factored into production, investment, and trade. And it calls for a rational long-term energy strategy that balances the energy needs for economic development with a policy shift toward the payment of pollution costs and energy efficiency - changes that demand new thinking and increased flexibility by policy makers in both the public and the private sectors.

Changing Course then explores business to business relationships, beginning with the sensitive topic of corporate reporting in environmental areas and discussion of how an environmentally conscious firm is managed. Chapters look at optimal products and processes, product stewardship in retail and trading companies, at new practices for such renewable resource industries as forestry and agriculture, and at the need for new long-term partnerships to boost economic development and environmental standards in the developing world.Changing Course concludes with a detailed look at the implications of sustainable development for business in the developing world, where, as former Indian Prime Minister Indira Gandhi pointed out, poverty itself is a great polluter.

Reviews provided by Syndetics

CHOICE Review

Written by a Swiss corporate chairman on behalf of, and in collaboration with, an international group of business leaders, this book argues that business leadership in the quest for sustainable development can only be achieved with ^D["profound changes in the goals and assumptions that drive corporate activities, and change in the daily practices and tools used to reach them.^D]" Schmidheiny goes on to suggest that business is not only equal to the task, but it has already begun to meet the challenge. The book has its flaws. Interspersed among some truly creative nuggets in the first ten introductory chapters is a large amount of material that would be valuable only to those with little or no familiarity with the field. Despite their being somewhat self-serving (most were written and submitted by the businesses being showcased), the 37 brief case studies contained in the remaining seven chapters provide some useful food for thought. The volume's unique perspective and numerous case studies make it a useful addition to any library with an interest in sustainable development or business practices.