The correct answer is option 'B': Greening of management.

Explanation:
The recognition of the close link between an organization's decisions and activities and its impact on the natural environment is known as the greening of management. This concept emphasizes the importance of considering environmental factors and sustainability in the decision-making process and daily operations of an organization.

The greening of management suggests that organizations should adopt environmentally friendly practices and strategies to reduce their negative impact on the natural environment. This involves incorporating environmental considerations into various aspects of the organization's activities, including production processes, resource management, waste management, and product design.

The greening of management is driven by several factors, including increased awareness of environmental issues, government regulations, and customer demand for sustainable products and services. Organizations that embrace the greening of management can benefit in multiple ways:

1. Environmental benefits: By adopting environmentally friendly practices, organizations can reduce pollution, conserve resources, and minimize their carbon footprint. This helps in preserving natural resources and ecosystems.

2. Competitive advantage: Green practices can differentiate an organization from its competitors and attract environmentally conscious customers. It can also enhance the organization's reputation and brand image.

3. Cost savings: Implementing sustainable practices can lead to cost savings in the long run. For example, energy-efficient technologies can reduce utility bills, and waste reduction measures can minimize disposal costs.

4. Regulatory compliance: Many governments have implemented environmental regulations and standards. By complying with these regulations, organizations can avoid penalties and legal issues.

5. Stakeholder engagement: The greening of management can help organizations build stronger relationships with stakeholders, including customers, employees, investors, and communities. It demonstrates a commitment to environmental responsibility, which can enhance trust and loyalty.

In conclusion, the greening of management is the recognition of the link between an organization's decisions and activities and their impact on the natural environment. By adopting environmentally friendly practices, organizations can benefit from environmental, competitive, and cost advantages while meeting regulatory requirements and engaging stakeholders.

Greening of management