...Draft essay Since the Second World War, development has increased rapidly. Modern societies hope to develop the standard of living through growth in economy and technology. However, development also has some negative impact on society. In addition, the negative impact of development is becoming more serious, especially in developing counties. In this essay, the term ‘the social cost of development’ refers to damage to society caused by activities aimed at achieving the goals of society. The concept of the ‘development’ is considered to include the development goals and all systems and legal measures used to achieve development. Further to this the concept that social cost is‘too high’ is considered to mean that too much damage is caused to society before it is possible to achieve the development goals. In view of the above this essay will argue that the social cost of development is too high. This will be demonstrated by analysing of the impact of the social cost of development on the environmental pollution and health. Developing countries will cost the environment to develop the economy. A major reason for this is that it is commonly that in older to solve the poverty, developing countries will cost the environment to develop the economy. Firstly, during economic growth, environmental degradation will increase. According to the result of research by Dinda, “When a country achieves a sufficiently high standard of living, people attach increasing value to environmental amenities”...
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...Environmental Scan Essay 4/20/2013 Environmental scanning can be viewed as a way of acquiring information about outside events that can aid organizations in first identifying potential trends, then interpreting them (Kerin, Hartley, & Rudelius, 2010). These trends normally consist of five sources, social, economic, technological, competitive, and regulatory forces. My intention in this essay is to focus on one; the economic environmental force. I will discuss how the current state of the economy will impact completing an environmental scan. In order to evaluate how the economy will impact the completion of an environmental scan, it is essential to cover the concerns that affect the economic aspect whether people want to believe it or not. The first concern is the macroeconomic level or factors which cannot be controlled. Leo Sun describes macroeconomic factors as national or global events which are out of people’s control (Sun, 2013).They have an unpredictability and dangerous side to them that can cause most companies to fail if not managed by an experienced individual. One very recent example of this is the Boston Marathon attacks that left three people dead and approximately 170 injured. We have not seen the fallout of this attack economically, but there could be one to follow that will affect the consumers, businesses, and organizations alike. When negative macro factors present themselves, a snowball effect then seems to occur economically. It is important...
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...Zoom In Zoom Out Page 1 of 2 Business Management Essay COMPANY: Starbucks Subject; “Discuss the impact macro factors may place upon your chosen organisation in the future (1-5 years) and how the organisation may positively manage this”. When speak from macro and micro perspective we must bear in mind that these are two different phenomenon’s. Micro factors can be described as factors that people and businesses keep in mind when making decisions concerning the allocation of resources, whereas macro factors can be described as the factors that are kept in mind when making decisions regarding not only specific companies but industries as a whole and economies, more over micro environmental factors are the one’s over which the business has control for example price, product and promotion whereas macro environmental factors are the one’s over which the business has no control as such as social, cultural, technological and political factors. Businesses operate in markets keeping in mind changing situations not only of their market conditions but also the trends of the economies that they operate in, so that they can adjust and survive in accordance with new situations because adaptation is a must for a business to survive and prosper otherwise a business might be forced to cease operations and shut down. Starbucks is one of top five(Caribou coffee, Tully’s ,Coffee bean and tea leaf, Peet’s Coffee) businesses in a $11 billion industry. The coffee house industry grew from merely...
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...(Assignment 1) TABLE OF CONTENTS Table of Contents Page 2 Executive Summary Page 3 1 Introduction Page 4 2 Economic Environment Page 5 3 Cultural Environment Page 7 4 Political Environment Page 9 5 Conclusion Page 11 6 References Page 12 EXECUTIVE SUMMARY The following essay interrogates Nike, Inc., in the Indian market. The context of the paper lies within the framework of an environmental analysis for the groundwork of a future marketing plan. The central argument is that; (A) the economic environment offers an overall attractive outlook, (B) the cultural environment requires Nike, Inc., to change their core product portfolio while continuously learning to customize and localise to the needs of the Indian consumer, (C) The political environment does not have a substantial risk impact in both its historical and current outlook, and the government is heavily involved in reforms that promote foreign direct investment. The extent of the analysis highlights relevant international marketing issues that Nike, Inc., faces in India in the context of country attractiveness, market segmentation, market positioning, and the marketing strategy in the context of the four P’s. 1 INTRODUCTION The aim of this essay is to select a consumer product and country market and undertake an in-depth and extensive environmental analysis as groundwork for a marketing plan. The selected consumer product will be sports apparel by Nike...
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...In this essay I shall be focusing on the economic, social and environmental impacts of the big Australian drought on the Murray-Darling Basin (MDB) in south-eastern Australia, extending from Queensland to South Australia (2002-2009). In this context the term drought means an acute water shortage caused by a period of long continuous dry weather. The 2002–2009 drought, or ‘big dry’, was caused by an El Nino. The trade winds reversed, causing Australia to experience very high pressure. The Murray-Darling Basin usually provides 40% of Australia’s agricultural produce; the basin makes up more than 70% of Australia’s irrigated cropland and provides 75% of Australia’s water. Not only did the 2002-2009 drought significantly reduce farm production during the event but ongoing social, economic and environmental effects continued to be felt in many regions following the return of normal rainfall patterns. A big social impact of the Australian drought was farmer’s crops failing due to the barren conditions, meaning a loss of income for the producers and higher prices for the consumers. Also many farmers had to sell up and move to the cities. This in turn affects the profitability of many small businesses in rural communities, which lose much of the customer base. An enormous problem during the Australian drought was the environmental impacts. The drought caused severe loss of vegetation which promoted soil erosion in a lot of areas, as well as dams and watercourses drying up leading...
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...countries consider international tourism as a main approach to generate more local economic activities and encouragements of environmental improvement for regional areas. This leading service sector, however, could draw severalproblematic issues for the local environment and even economy of recipient countries due to many reasons. This essay will argue that in developing countries the economic and environmental negative impacts caused by tourism outweigh its benefits for local communities. To understand the influence of tourism on host countries, this essay aims to provide the evaluation about the benefits and costs of tourism on both economy and environment throughout two sections. The first section discusses the outperformance of negative consequences caused by tourism on environment comparing to its positive effects, while the second argues that the impacts ofvulnerable economy arose from tourism outweighs its benefit for the developing countries. Besides, the essay also points out the genuine situations of the tourism industry in South East Asia as the typical case of developing countries. Firstly, tourism has posed several destructive effects on environmental structure of the host regions where tourism activities take place. Undoubtedly, the constructions of facilities and infrastructures constructed for tourism as well as heavy visitation of tourists could partly destroy environmental sites. According to Archer, Cooper and Ruhanen (2005), uncontrolled tourism development...
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...all forms of tourism leads to modifications of the environment. Ecotourism strives to keep these modifications to a minimum. In order to do this it is important to take account of these modifications and assess what their impacts on the environment are. There are several difficulties involved in assessing the impacts of tourism on the environment. Andrew Holden in Environment and Tourism tells us there can be difficulties in establishing a base level against which to measure changes; difficulties in separating human-induced | ------------------------------------------------- Top of Form | | | | | | | | | | | | Bottom of Form | | | | | | | | | | | Eco or Not? .... What will be the environmental impacts of ecotourism if the activity is not successful in bringing about development in communities? .... (435 2 ) | | | | Ecotourism .... natural areas that fosters environmental and cultural .... However, in practice, its impacts are broader and .... Ecotourism plays a particularly important role because .... (797 3 ) | | | | Tourism .... To counter tourism 's economic, social, and environmental devistation, we must learn to .... There has been little analysis on the impacts of ecotourism. .... (1742 7 ) | | | | Hospitality Service Trend (Ecotourism) .... be helpful to introduce an...
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...analysis into the earnings problem, let us look into the external factors upon which The Coca-Cola Company would have to contend with. Based on the PESTLE analysis framework, we can ascertain that the political, economic, social, technological, legal and environmental factors had a lot of influence on the business and growth potential of the company. Looking at the political and legal aspects, it is noted that the company is subject to changes in Food & Drug Administration (FDA) regulations; environmental laws of which the method of production of the company’s beverage is subjected to; taxation laws which may hinder certain business decisions on potential investments and antitrust laws which may restrict certain business strategies the company may have to gain a commercial advantage. We have to note that these factors are primarily driven by changes in the legal administration systems as well as the changes in the governmental or politically-driven policies. On the economic aspect, changes in the economic front that impacts the end consumers’ spending power may see a change in the consumer behavior with a tendency towards basic consumer staples against non-staple products like carbonated beverages. It is also noted that changes in the economy may also impact interest rates which may lead to a higher exposure of the company’s debt to rising interest expenses leading to lowered overall earnings. On the social aspect front, it is noted that there was a change towards...
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...The concern of the relationship between international trade and the environment can date back to the United Nations (UN) Conference on the Human Environment in early 1970s (UN,1972). As the international trading activities increase in both frequency and magnitude, the relationship between world trade and environmental conservation becomes closer and closer. The extent of globalisation is now spreading across every parts of the world. At present, human is facing an important yet complicated problem climate change. In order to address this problem and promote sustainable development, the globalisation becomes a key focus. As one of the drivers of globalisation, international trade receives more public awareness than before. Nowadays, whether or not the trade-driven globalisation conflicts with preservation of the environment and natural resources environmental is a controversial topic (Heywood, 2014). However, in this essay I will argue that promoting globalisation through international trade creates both conflicts and opportunities to conservation of the environment and natural resources. From an economic point of view, both world trade and environmental protection are important because they are the essential for promoting sustainable development, due to this reason it is possible to reconcile their continued levels. Hence, addressing the conflicting aspects and maximising the opportunities between them are necessary. After discussing the relationships, I will also give the relevant...
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...ACC307 – Accounting Theory Assignment Name: Chun Ho Hui Student ID: na20150418 Case Study 1 Questions 1. Explain why principles-based standards require a conceptual framework. A: Conceptual framework can be defined as “an attempt to define the nature and purpose of accounting” (Team, 2015). Conceptual framework is essential for principle-based standards because it lays out a fundamental structure for principles-based standards. Setting the standard on and relate to an established body of concepts and objectives, enable FASB and IASB to “issue more useful and consistent standards over time” (Essays, 2013). For any future developments or armaments on the standards, the framework will ensure the changes will be within its fundamental concepts and will not get to a personal or an inconsistent standard. ACCA has mentioned “the availability of a conceptual framework could lead to ‘principles-based’ system whereby accounting standards are developed from an agreed conceptual basis with specific objectives” (Team, 2015), which in other words, a consistency on the principle-based standards and agreed on a common ground. Without a sound conceptual framework, principle-based standards could lead to inconsistency for users internally (accounting practitioners) and externally (report readers); bias on the use of standards and standard settings, which leads to misdirection on financial statements; and the difficulty of future developments on the standard itself (not been...
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...Critical Analysis: "The Social Responsibility of Busine Critical Analysis of "The Social Responsibility of Business" from Milton Friedman In this essay I evaluate Milton Friedman’s essay: “The Social Responsibility of Business Is to Increase Its Profits” in 1970, on the Social Responsibility of a business and his theory, which is called the “Efficiency Perspective”. In every article and book that I have read about social responsibility, Friedman’s “Efficiency Perspective is placed centrally. During my research I found that Friedman is often criticised for being too classical. Friedman believes that manager’s foremost objective or even moral obligation to the firm should be to maximise profits always. There is however one condition that makes his perspective more complicated, not only for me, but also for several well-known authors. According to Friedman, the managers obligations should be carried out: “…while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom”. This leads to one of the main questions of my essay: To what extent does Friedman’s “Efficiency Perspective” give foundation for responsible and moral international management behaviour? And need we any concern if it fails to do so? To fully answer the questions, I first need to explain the two different parts of the first question: responsible international management behaviour and moral international management behaviour. In businesses nowadays they...
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...which is not a permanent solution. As the impassioned discussion over the issue of recycling comes into the spot light of the world, it has long been asserted that the issue of recycling in modern times is very important. Recycling makes participants feel fine, and is considered by some to be a moral responsibility, which has become a ‘social norm’ (BIEC, 1997). This essay will try to demonstrate three main benefits of recycling including its important role in economies, environment and energy-saving. Recycling generates substantial economic benefits and it has made a vital contribution to job creation and economic development. A great illustration of it is that recycling helps people save money and creates jobs in waste management and manufacturing industries. Recycling programs cost less to operate than waste collection, land filling and incineration. According to Beck (2001), there are direct impacts and indirect impacts of recycling. In Massachusetts, recycling saves $557 million annual payroll and $3.5 billion revenues, which contributes to rendering roughly $64 million in state tax receipts. Indirect impacts include the diversification of the relevant service businesses such as agents, equipment manufacturers, accounting firms, consultants and office supply companies. In Pennsylvania, approximately 3.5...
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...Introduction This essay will analyse the external environment of Landfill Gas Industry an Australian company that offers gas extraction from landfill sits and uses that extracted gas to generate electricity for local councils and landfill nations across Australia. Landfill Gas Industries clients include Dubbo City Council, Brisbane City Council, Shellharbour City Council and more. Landfill Gas Industries Pty Ltd is a business that specialises in offering gas extraction from landfill sites (rubbish dumps) around Australia. The extracted gas is used to generate electricity for local councils and landfill owners around the nation. LGI Pty Ltd offers a variety of services from assessment of gas and flare capability to maintenance and monitoring of electrical generators powered by the gas they extract from landfill sites. You can find out more about landfill gas as well as the business’s specific customers, services and capabilities by going to its website: www.landfillgasindustries.com.au Presume that LGI Pty Ltd has commissioned you to conduct a preliminary investigation of the environmental factors and how they will impact the business’s operation in Australia. This investigative essay will then provide LGI Pty Ltd with further research options and investment strategies in the future, once it has been presented to the board for approval. 1. Carry out an environmental analysis to identify what opportunities and threats LGI faces. To help limit your analysis area, you can also...
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...How Do Variations in an Area’s Income Level Affect the Social, Economic and Environmental Impact of a Cyclone? All hurricanes may hold an element of danger, but some have many more catastrophic social, economic and environmental impacts, mainly due to an area’s income level. Hurricane Katrina and Cyclone Nargis were both very powerful tropical storms, but differed greatly in impacts in the two areas, due to economic reasons, as we will explore in this essay. On the morning of 29th August 2005, Hurricane Katrina struck New Orleans, with winds of around 200 km/h and 200-250mm of rainfall in Louisiana and a storm surge of 8.5m in Mississippi. The area of New Orleans holds both affluent and very poor areas within the city, meaning the population were affected differently when the hurricane struck. Before the hurricane hit land, the mayor of New Orleans ordered a mandatory evacuation of the city, with an estimated 80% of people leaving the city before the storm hit. This significantly reduced the number of people killed, as the majority of the population has already left the country. However, 100,000 people didn’t evacuate, either because they wanted to protect their property or they simply could not afford to leave the area. The hurricane ripped through New Orleans, killing 1,836 people, leaving 3 million people without electricity and polluting water supplies with sewage, chemicals and the deceased. The hurricane also destroyed 300,000 people’s homes, meaning emergency...
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...The Great Lakes: Great Decision Rita Stroud-Lipsey Strayer University Professor: Dr. Barry Adkins BUS 499—Business Administration Capstone January 13, 2012 Introduction The main purpose of this essay is to analyze the social/demographic, technological, economic, environment/geographic and political/legal/governmental segments to understand the general environment facing Great Lakes. It will also describe how Great Lakes will be affected by each of these external factors. It will then analyze the lead additives industry in the U.S. using the Five Forces of Competition Model. The Five Forces will display the impact it has on the industry based on the analysis, in which it can then be determined if the industry is attractive or unattractive. Next this essay will describe who Great Lakes’ immediate, impending, and invisible competitors are and how Great Lakes measures up against these competitors. For the conclusion it will describe the main capabilities of Great Lakes. Great Lakes: Great Decision Perform an analysis of the social/demographic, technological, economic, environmental/geographic, and political/legal/governmental segments to understand the general environment facing Great Lakes. Describe how Great Lakes will be affected by each of these external factors. Social/Demographic Social/Demographic: Great decisions are constantly being debated for the Great Lakes as to what factors tend to affect the Social and Demographic segment. Socially our society...
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