Abstract:

The climate change causes can be classified in to two major categories – natural causes and human driven causes. In human activity the most important contributor is the industrial development. The climate change issue is forcing firms around the world to give priority to these issues and carefully create and implement environmental strategies. In the present research the researcher has classified these environmental strategic dispositions of firms. For this classification, two important theories from strategic management literature, stakeholder theory and institutional theory are considered. These theories have been used for the identification of pressure building factors, these pressure building factors may exist within the organization and can be classified as internal factors and may exist outside the organization and can be classified as external factors.  The environmental stance of firms has been classified on the bases of the intensity of the pressure from these two factors.