According to this article I read, First Nation chiefs protest against a new dam being built as they are concerned about the environmental and cultural loss the demolition caused by the project would create.

This article is a prime example of how external factors such as First Nations and their concern for the environment/culture can affect a firm’s business model and disrupt their plans. Here, BC Hydro should have, and will have to, take into account not only their project-related costs, but also the public image of their project and how people might react to it.

Source: http://archemdis.files.wordpress.com/2011/11/saskatchewan-first-nations-protest.jpg

More and more organizations such as First Nations are appearing world-wide that support the protection of wildlife and aboriginal culture, and firms must be able to tackle these problems as external factors when making their business model. A good explanation or compensation will likely be required if they are ever to maintain a good public image and attain public approval of their activities. BC Hydro is currently on the losing-side for its dam project as they cannot supply a good reason for their project.

Ethical issues are slowly increasing its impact on companies. Does this mean that progress in the world… slows down progress for individual firms?