Organisational Capability for Managing Biodiversity - A Study

Abstract

Ecological problems rooted due to organizational activities have increased significantly, yet the role businesses play in achieving ecological sustainability has not gained much attention. Businesses are not only dependent on biodiversity and its services but have serious impact on ecosystems directly or indirectly. Greater pressure on biodiversity due to business impact will have a rebounding effect which poses risk to business and society at large. The present study explores the possible determinants affecting the adoption of biodiversity conservation strategies by Indian businesses thus identifying the Biodiversity Capability model for Indian businesses. The study has used exploratory approach to understand the trends, practices, and the plethora of biodiversity conservation strategies adopted by companies. The results suggest that biodiversity conservation strategies undertaken by companies were influenced by whether or not the managers of these companies interpreted biodiversity conservation as an opportunity or threat and the propensity of the managers to undertake risk on behalf of their companies.