...By doing so, they will try to understand what the social, legal, political, technological factors are, and how they impact the market and their products. These factors have significant impacts into the challenges of the businesses in any country in the world. In fact, forces in the external environment are so dynamic and interactive that the impact of one factor cannot be disassociated from the impact of other elements. My paper will analyze how three chosen factors will stimulate the businesses in Lithuania, based on empirical researches done and then in the end, it will give recommendation upon those factors. The three elements that I have chosen to analyze are: social, competitive and technological. Factors In order to find out how these factors influence the business life in Lithuania, then a good source for that is: Enterprise Surveys. The enterprise surveys focus on the many factors that shape the business environment. These factors can be both external and internal ones. As it is mentioned already above in the introduction these factors can be accommodating or constraining for firms and play a key role, in deciding whether the country is going to prosper or not. Thus, Enterprise Surveys give us some information on innovation and workforce detailing it with some statistical data. The innovation in here describes some of the technological dimensions used in the country. In order to look at the technology as an external factor for businesses then the best is to explain...
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...of laptops, desktops and peripherals, Acer has the right solution for all your home computing needs. *Gartner Q2 2007 Sustainable World In the late twentieth century, rapid development of information technology and products such as the PC, satellite and Internet became a driving force of globalization. The impact of globalization is reflected on weakening world governments in terms of decision-making and influence, and on the increasing power of multinationals. Data from the World Economic Forum (WEF) shows that among the largest 100 global economies, 51 of them are transnational groups and the rest are national states. Although businesses represent the lifeblood of a nation's economy, they place excessive demand on the natural environment in pursuit of growth and stress the earth's ecosystems. As a result, earth-protection groups are calling on transnational groups to take up environmental, moral and social responsibilities. "Sustainable Development" is widely considered the challenge facing corporations in the 21st century. One of the prerequisites to achieving sustainable development is by sincerely carrying out corporate social responsibility (CSR). In the past, a company’s responsibility was about maximizing profits for shareholders and fulfilling CSR through the tax paying mechanism; that was all about social responsibility. Nowadays the definition of CSR has shifted from acting egoistic to altruistic. For example, the World Business Council for Sustainable Development...
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...share in manufacturing. However, neglecting of protecting the environment while developing manufacturing has already resulted in lots of problems, such as the PM2.5 problem in many major cities, as well as the extreme lack of clean drinking water. On the other hand, concerns over global environmental issues, such as global warming, depletion of the ozone layer, deforestation, loss of biodiversity, trans-boundary movement of acid rain, and hazardous waste, etc., are mounting worldwide. About 25 years ago, a law named Environmental Protection Law of the People's Republic of China, which set out basic principles and directions for formulating environmental policies, was enacted on December 26, 1989. This Law was formulated for the purpose of protecting and improving people's environment and the ecological environment, preventing and controlling pollution and other public hazards, safeguarding human health and facilitating the development of socialist modernization. The law has stated that The state shall encourage the development of education in the science of environmental protection, strengthen the study and development of the science and technology of environmental protection, raise the scientific and technological level of environmental protection and popularize scientific knowledge of environmental protection. It also emphasized that all units and individuals shall have the obligation to protect the environment and shall have the right to report on or file charges against...
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...Environmental Accounting Management Practices in Japan COURSE: INTERNATIONAL MANAGERIAL ACCOUNTING(C31IM) MOHAMMED MUBEER.C HOO175198 Contents 1. Introduction: What is Environmental Management Accounting (EMA)? 3 1.1 Environmental Accounting 3 1.2 Environment-related Management Accounting 3 2. Environmental Accounting Management Practices in Japan 4 2.1 Japanese Government Initiatives on Environment Accounting 5 2.1.1 MOE Initiative 5 2.1.2 METI Initiative 6 2.2 Environmental Management Accounting Practices in Japanese Manufacturing Sites 7 3. Conclusion 8 Bibliography 10 1. Introduction: What is Environmental Management Accounting (EMA)? Organizations and the managers mainly believe that the environmental costs are not important for the business operations, however, it does not come to their mind that there are several production costs which do have vital environmental component. For example the purchase cost of raw materials or the unused portion which is emitted as waste is not considered to be environmentally related cost. By identifying as well as controlling these environmental costs, using Environmental Management Accounting (EMA) Systems, it can help environmental managers justify the cleaner production and along with this justify totally new methods of saving money as well as improving their environmental performance also at the same time (Magarinos, 2005) . Thus EMA can be defined as: “ EMA serves business managers in making capital...
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...in the world operates within environments which according to Adidu & Olanye (2006) is an aggregate of all conditions, events, circumstances and influences that surround and effect the business organization. In management, the term “Environment” does not necessarily mean physical surroundings but, it is used as a total forces, factors and influences that surround and affect business organizations as a separate entity as well as other business organizations. This means that business organizations must interact with those forces that influence its decisions, directions, actions, size, health, profitability and performance of the organization as a whole. Ukaegbu (2004) stated that the contemporary environment is becoming dynamic and competitive and since business organizations do not operate in vacuum, they affect and are affected by environment conditions. Therefore, business organizations irrespective of their objectives must take into consideration, these environmental opportunities and constraints. Businesses affect the environment by providing the required goods and services thereby contributing to the development of the business by presenting opportunities and threats. One thing to be emphasized at this point is that, the extent to which managers could identify, evaluate and react to the environmental forces will have considerable impact on organizational performances. Kuye, (2004), emphasized that the need to study business environments is very important considering...
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...What Is Business Environment? Meaning: - The term Business Environment is composed of two words ‘Business’ and ‘Environment’. In simple terms, the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production, extraction or purchase or sales of goods that are performed for earning profits. On the other hand, the word ‘Environment’ refers to the aspects of surroundings. Therefore, Business Environment may be defined as a set of conditions – Social, Legal, Economical, Political or Institutional that are uncontrollable in nature and affects the functioning of organization. Business Environment has two components: 1. Internal Environment 2. External Environment Internal Environment: It includes 5 Ms i.e. man, material, money, machinery and management, usually within the control of business. Business can make changes in these factors according to the change in the functioning of enterprise. External Environment: Those factors which are beyond the control of business enterprise are included in external environment. These factors are: Government and Legal factors, Geo-Physical Factors, Political Factors, Socio-Cultural Factors, Demo-Graphical factors etc. It is of two Types: 1. Micro/Operating Environment 2. Macro/General Environment Micro/Operating Environment: The environment which is close to business and affects its capacity to work is known as Micro or Operating Environment. It consists of Suppliers...
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...MKT01760 Tourism Planning Environments Assignment 2 – Proposal for preparation of a tourism plan or policy Due Date: Week 8 Position Statement “Climate change is one of the most significant challenges facing tourism today. Australia’s tourism industry, like all sectors, contributes to greenhouse gas emissions. The industry is also susceptible to climate change impacts, with some of Australia’s most iconic natural attractions and World Heritage Areas particularly sensitive to changes in climate conditions” (Australian Government website, 2010). “Tourism is fundamental to Australia’s economy. The direct GDP contribution of the tourism industry was $38.9 billion in 2006-07. However, many of these tourism-related goods and services contribute to significant GHG emissions. (Tourism Australia, 2008). As stated by Tourism Queensland, 2009, “internationally and domestically our competitors are gearing up so they can promote themselves as climate friendly destinations. Queensland must act if we are to be competitive”. They have also stated ways to make this a reality. Some actions include: Promote environmentally responsible and safe use of your product/service to visitors; monitor the sustainability performances of main competitors; pursue a carbon neutral option for your product or service. Tourism Queensland was established in 1979 (Tourism Queensland, 2009), Tourism Queensland is a statutory body under the...
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...urbanization are rapidly progressing. This has caused the gravitation of population towards cities, and the impoverished conditions of rural communities. The citizens are now facing the difficulty created by widening earning differentials between city and rural communities. The serious environmental pollution such as air pollution(CO2,SOx,NOx), waste disposal,and water pollution occurred in urban area. There is a need to work out a countermeasure to this situation, need for the sound economic development of Vietnam. It is necessary to perceive environmental and social effects precisely and to learn from the experience of environmental destruction in the Japanese economy which is described as “noneconomic mindedness of economy inconsiderate of environment” in order to achieve sustainable development. The objective of this paper is to grasp the relationship between industrialization/urbanization and environmental pollution,to examine the appropriate environmental management in Vietnam compared to the Japanese environmental management system. 1. Environmental pollution by industrialization and urbanization in Vietnam 1-1 Present social and economic conditions in Vietnam1) Under the ‘Doi Moi’ policy,economic reform(To introduce a market economy) was...
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...CSR has been established by the European Union in relation to promote the CSR to the business society and environment. Corporate Social Responsibility refers to the “firm’s consideration of, and response to, issue beyond the narrow economic, technical, and legal requirements of the firm…(to) accomplish social benefits along with the traditional economic gains which the firm seek.”(Husted 2003). CSR was defined by European Commission (2007) is “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis” following increasingly aware that responsible behaviour leads to sustainable business success. CSR is about managing change at company level in a socially responsible manner which can be viewed in two different dimensions: 1. Internal – socially responsible practices that mainly deal with employees and related to issues such as investing in human capital, health and safety and management change, while environmentally responsible practices related mainly to the management of natural resources and its usage in production 2. External – CSR beyond the company into the local community and involves a wide range of stakeholders such as business partners, suppliers, customers, public authorities, and NGOs that representing local communities as well as environment. A company should focus on areas such as economic, environmental and social when developing sustainability...
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...environmental scan, focus should be drawn to two environmental variables: • Societal environment (macro-environment) – This is the general environment in which the business organization operates. It is characterized by those variables on which the business has no control. It does not directly touch on the short run activities of the firm but can, and often do influence its long-run decisions. • Task environment (micro-environment) – This is the industry within which the business organization operates. This environment is characterized by various players and stakeholders who affect a business enterprise, and are also affected by it. 2. According to Porter, what determines the level of competitive intensity in an industry? According to Porter, the level of competitive intensity is determined by 5 basic competitive forces namely: (1) Threat of new entrants to a market (2) Bargaining power of suppliers (3) Bargaining power of customers or buyers (4) Threat of substitute products and (5) Degree of competitive rivalry 3. What should be scanned in the task environment? There should be an analysis of relevant elements in the task environment such as: (1) Competitors (2) Suppliers (3) Regulators (4) Strategic Partners (5) Labor and (6) Customers. 4. Discuss how a development in a corporation’s societal environment can affect the corporation through its task environment. 5. How can managers identify external strategic factors? a. Environmental uncertainty ...
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...Factors that influence the location of my business The location of a business is where it is situated. Where to locate a business is a crucial decision because this will have an important impact on profits. Typically businesses will seek locations that maximise revenues and minimise costs. In choosing a business location my business shall consider these push and pull factors: 1. Closeness to market. This is the case with fresh produce - so that for example, many supermarkets operate their own bakeries. 2. Cultural factors. The culture of a country refers to customary practices and beliefs that people uphold. Jarvis (2002) has observed that culture is made up of institutions and other forces that affect society's basic values, perceptions, preferences, and behaviours. Culture affects the way consumers think and use certain products. For example you cannot open a mini-skirt boutique in an Indian society which prefers long gabs. 3. Communications links. Transport is an important factor supporting access to markets. Hence the need to locate along major road or railway for easy movement of goods. Modern companies also need to locate where they have access to excellent information technology links. 4. Closeness to raw materials. Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production...
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... Lead Counsel, ESSD and International Law The World Bank Legal Department. 1 1 I. ABSTRACT Traditionally, environmental protection has been considered to be “in the public interest” and external to private life. Governments have assumed principal responsibility for assuring environmental management, and have focused on creating and preserving a safe environment. They have directed the private sector to adopt environmentally sound behavior through regulations, sanctions and occasionally, incentives. When environmental problems have arisen, the public sector has generally born the responsibility for mitigation of environmental damage. . In this approach, some have contended that unrestricted private sector behavior has been considered as presenting the “environmental problem”. However, the roles of sectors have been changing, with the private sector becoming an active partner in environmental protection. Many governments and businesses are now realizing that environmental protection and economic growth are not always in conflict. Since the Brundtland Report was published in 1987 as a result of World Commission on Environment work, business and management scholars have been grappling with the question of how and why corporations should incorporate...
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...has faded away, when I turned to look back, only to find that in that just died in summer still have its own shadow. Think of the time internship with his classmates, scenes like echoed in my mind like a movie, comb, just discover oneself originally grown up a lot. The social practice of more than a month, the time is not long, but fruitful, can be said to be confounded. Beijing Kang Yuanyi auspicious trade co., LTD., is the place where I practice, it is a company operating medical equipment. This summer holiday here I work on people skills as well as some simple enterprises had the further understanding. Of course, in addition to technical level, what is more important to society, to have a further understanding of itself. As a is in preparation for the college students one's deceased father grind me, vacation is can let me very directly improve the quality of learning, both in terms of time, or the environment, all gave me a lot of opportunities. Holiday, however, also is the test I will indeed, looking at the classmates all go out to travel, I have been at home but also endorsed, let my in the mind very not taste. Fortunately, at the end of July, my classmates and I went to the Beijing Kang Yuanyi auspicious trade co., LTD., internship, let me add in learning not a dull thing but a different experience. Enrich my holiday at the same time also let me have accumulated more experience. As a layman, know nothing I can say is, when it comes to medical apparatus and instruments...
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...Cross-Cultural Perspectives: AECOM Derrick Brown ETH/316 February 2, 2015 William Halstead Cross-Cultural Perspectives: AECOM AECOM is a professional technical services and management support services firm that operates in over 150 countries around the world. They employ almost 100,000 employees to provide services for global government agencies as well as privately own enterprises. According to “AECOM Fact Sheet” (2015), AECOM’s annual revenue for 2014 was $19.5 billion. These are some very impressive numbers, but because of what AECOM does it has the challenge of staying in compliance with environmental regulations from its home country as well as any country in which it may be operating. When having a vast array of specialties such as architecture, engineering, science, management and construction, the task of staying environmentally friendly takes on a job of its own. Protect the Environment and Make a Profit The real challenge for AECOM is not their position on being environmentally friendly, but standing firm in their beliefs of protecting the environment and making a profit while providing their services. Ironically, AECOM functions under a new age business model that is held together by their purpose and core values, and by doing this they believe, and have proven, they can be profitable. “Our purpose—to positively impact lives, transform communities and make the world a better place—unites professionals working collaboratively across a broad range of...
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...REI Marketing Environment Worksheet List the current characteristics of each environmental factor as they relate to REI. REI is a specialty retailer whose product line focuses on equipment and materials for the outdoor recreational enthusiast. They carry nearly everything one needs to enjoy the outdoors comfortably and effectively. Shoppers will find that they can purchase everything from tents, sleeping bags and camping equipment to specialized clothing to mountain bikes, kayaks and climbing equipment. REI’s product line includes gear of the quality that serves both the weekend family camper and the serious climber or cyclist. REI’s pricing is reasonable and will accommodate various income levels. In addition to the product lines, REI has a travel service that arranges unique and challenging adventures in exotic places such as Austria, Kilimanjaro and Botswana, and even Antarctica. One can explore these regions by foot, bike, rail or boat. Their group focus ranges from families to women only to birding to volunteer vacations with the American Hiking Association in which one can spend their recreational time helping to build or maintain hiking trails in sometimes remote areas. REI’s company information includes an encouragement to “join our winning team” and states that they have been chosen as one of Fortune’s “100 Best Companies to Work For” in 2005. They speak of themselves as a consumer cooperative with more than 2.4 active members. In general, they portray a corporate...
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