Book contents
- Business Adaptation to Climate Change
- Organizations and the Natural Environment
- Business Adaptation to Climate Change
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- Tables
- About the Authors
- Foreword
- Preface and Acknowledgments
- Publication Acknowledgments
- Part I Introduction
- Part II Conceptual Framework
- 2 Business Adaptation Limits and Resilience to Climate Change Adversity
- 3 Adaptation to Slow-Onset Nature Adversity Intensity
- 4 Can You Learn from the Second Kick of a Mule?
- 5 Disaster Experience and MNC Subsidiary Entry and Expansion
- Part III Empirical Studies of Business Adaptation to Nature Adversity
- Part IV Conclusions
- Bibliography
- Index
2 - Business Adaptation Limits and Resilience to Climate Change Adversity
from Part II - Conceptual Framework
Published online by Cambridge University Press: 28 April 2022
- Business Adaptation to Climate Change
- Organizations and the Natural Environment
- Business Adaptation to Climate Change
- Copyright page
- Dedication
- Epigraph
- Contents
- Figures
- Tables
- About the Authors
- Foreword
- Preface and Acknowledgments
- Publication Acknowledgments
- Part I Introduction
- Part II Conceptual Framework
- 2 Business Adaptation Limits and Resilience to Climate Change Adversity
- 3 Adaptation to Slow-Onset Nature Adversity Intensity
- 4 Can You Learn from the Second Kick of a Mule?
- 5 Disaster Experience and MNC Subsidiary Entry and Expansion
- Part III Empirical Studies of Business Adaptation to Nature Adversity
- Part IV Conclusions
- Bibliography
- Index
Summary
In Chapter 2, we build on resilience theory to provide a framework of analysis to understand how the intensity of nature adversity generated by climate change affects and limits business adaptation. Adaptation responses can span a broad range of strategies beginning with unawareness to deliberately ignoring nature adversity conditions. Next, protective adaptation –seeking to preserve the status quo of core business features- including substitution of nature’s resources and services, buffering from negative conditions, government lobbying, and engaging in alliances or mergers and acquisitions. And then, at the highest levels of nature adversity: adopting diversification strategies (e.g., in terms of products/services, industry participation, and geographic location) or even abandoning businesses altogether.
- Type
- Chapter
- Information
- Business Adaptation to Climate Change , pp. 23 - 43Publisher: Cambridge University PressPrint publication year: 2022