Environmental Concerns Of Carbon Finance Essay - 1644 Words

INTRODUCTION Environmental concerns in general, and issues regarding climate change in particular, are not only health and safety concern, but also a into corporate financial load, which involves chief executive officers (CEOs) and chief financial officers (CFOs) as well as boards of directors. The reach of Carbon Finance has left a few fields unaffected. It has reached one and all. Carbon finance makes you liable for the green house emissions you generate. Thus, carbon finance: †¢ Represents one specific dimension of environmental finance. †¢ Explores the financial risks and opportunities associated with a carbon constrained society. †¢ Anticipates the availability and use of market-based instruments that are capable of transferring environmental risk and achieving environmental objectives. A variety of drivers influence the discipline of carbon finance, which in turn takes many forms. It is shaped by national and international regulations, which require producers and consumers to emit fewer greenhouse gases (GHGs), or to pay the price. Some of these regulations had their origin in an earlier piece of legislation designed to curb air pollution, conserve energy, and promote renewable energy. Others have been created by international agreements such as the Kyoto Protocol and the European Union Emission Trading Scheme. Putting a price on greenhouse gas emissions will have a significant effect on country and company bottom lines. Thus, we define carbon finance broadly inShow MoreRelatedCsr Programs And Corporate Social Responsibility1728 Words   |  7 Pagesits clients understand their money, the company also puts a lot of effort into helping the communities by executing Corporate Social Responsibility (CSR). 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Gullivers Search for an Identity Essay - 1083 Words

Gullivers Travels is a novel that touches on many subjects. One of the lesser points discussed is how Gulliver seems to be searching for acceptance and for his identity on his many journeys. Upon entering any of these strange foreign lands, Gulliver makes it a point to learn the language. This is because knowing the language of a foreign land is a crucial part to your acceptance in that country. Another thing that Gulliver adapts in each of these foreign places is their manner of dress. Great pains are taken in each country to dress Gulliver in the kingdoms latest fashions. While on his journeys, Gulliver tried his part in many roles to find one that fit him and would grant him acceptance with the peoples of each land. I will†¦show more content†¦Now Gulliver held a position as great as his stature. He very quickly learns that with great power comes great responsibility. When asked to destroy the whole of Blefuscu, Gulliver refuses so not to be quot;an instrument of bringing a free and brave people into slaveryquot;(46). This act of rebellion highly displeases the emperor who only sees Gulliver as an instrument of war and power. Finally the Lilliputians grow to fear the great man-mountain and try to find some way to dispose of him. They suggest poking out his eyes, but veto it due to the fact that it really isnt reasonable to have a giant blind man terrorizing their village. They also suggest starving him to death and leaving his bones quot;as a monument of admiration to posterityquot;(66). It is only after these threats are made against him that Gulliver thinks to use his great strength against him, quot;I might easily with stones pelt the metropolis to piecesquot;(66). Even after all this he still see himself as a high ranking nordac, and needed to compose himself as such. Gulliver leaves the island never really knowing that his true place among them was only as a slave. The next society that Gulliver tries to become a part of is that of the giants of Bobdingnag. Here Gulliver is like a little Lilliputian trapped in our world, utterly powerless. He feels so powerless that he even longs for the false power bestowed upon him in Lilliput, quot;I could notShow MoreRelatedBelonging Essay4112 Words   |  17 Pagestext. social context refers to the larger community or group, it’s organisation or hierarchy. It also refers to that which is civil, public and of society at large. Context and the sense of belonging that comes from it contributes to a sense of identity, our relationships and processes of acceptance and understanding. We get a sense of belonging (or not belonging and all the degree of belonging in-between) through interaction with: †¢ †¢ people, including groups and broader communities, and, places Read MoreANALIZ TEXT INTERPRETATION AND ANALYSIS28843 Words   |  116 Pagesfiction whose author does not employ dialogue in some way to reveal, establish, and reinforce character. For this reason the reader must be prepared to analyze dialogue in a number of different ways: for what is being said, the identity of the speaker, the occasion, the identity of the person or persons the speaker is addressing, the quality of the exchange, and the speaker’s tone of voice, stress, dialect, and vocabulary. a) What is being said. To begin with, the reader must pay close attention to the

Global Business Opportunities and Strategies

Question: Discuss about the Global Business Opportunities and Strategies. Answer: Introduction This report involves an Australian Pharmaceutical Company who is considering South Africa and China for expanding its business and entering the global marketplace for the first time. The report will focus on the risks and opportunities of each of these countries and will recommend the best destination. The evaluation of the chosen country potential will be carried out through an analysis of risks and opportunities. It will identify the best market strategy based on the business type and business environment of the host country, in which the economic integration between the home and the host country together with the legal environment of the host country. In addition, recommendations will be given for entering in the business of market of the selected country. Background of the company Alphapharm private limited is a pharmaceutical company located in Australia and is a commercially driven company. It is one of the largest pharmaceutical companies in the world which produces more than 1400 different pharmaceutical products. It has a partnership with the other companies and is one of the largest pharmaceutical companies in Australia. It has around 2000 employees and a turnover around US$5 billion. They have a high quality standard and product on offer. It recruits those salespersons that possess a strong customer relationship and are trusted by the doctors. It is evident that this company has a large turnover as well as work force (Mylan.com.au 2016). Hence, it has the capacity to commit more resources towards the expansion in comparison to the smaller company having fewer proficiencies as well as limited resources. Assessing the potential of the countries through an analysis of risk and opportunities For any company, expanding internationally could be an immense shift as looking for business opportunities. However, it is necessary to spend time for developing a thorough understanding regarding the risks and opportunities before establishing a business. It should always be kept in mind that before entering an overseas market, the entrepreneurs should obtain a basic understanding of the market in which they want to enter. It is necessary to identify the best market strategy depending on the business type one needs to expand. Country risk and opportunity: China has the second largest economy of the world. It is still growing at a higher rate in comparison to the other developed countries. This country possesses rapidly emerging segments of market. It is considered too be a major emerging market for growth strategy by a large number of multinational companies. Within this country, rapidly altering demographics enhanced spending of consumers, increasing incomes, and open environment of business across different industries. Due to its economy, it is an attractive market for the entrepreneurs who want to expand their business (Jen and Yilmaz 2013). Considering Chinas pharmaceutical market, pharmaceutical companies will have great opportunities due to its development of health care reform plan. They are planning to strengthen the basic health system by making drugs and medical service affordable. They are trying to promote purchasing of medicines and restructure the drug distribution mechanism. The Australian pharmaceutical company can successfully expand its business here if they work in accordance with Chinas health care reform between 2011-2020. This is great opportunity to boost their demand in Chinas market. China is planning to enhance existing drug policy to improve medicine consumption and drug producers like Australias pharmaceutical company can increasingly benefit from it (Huang 2012). However, it will be a challenge for the company to make medicine affordable and improve distribution system as proposed by the health care reform. South Africas pharmaceutical market is rapidly increasing On analysis of pharmaceutical market of South Africa, it can be said that exceptionally high growth in this sector can be achieved by pharmaceutical companies who want to establish their company in the country. In 2013, the value of South Africas pharmaceutical market was 20.8 billion dollar and it is predicted that by 2020, the market will be worth 60 to 65 billion dollar (McKinsey Company 2015).This trend is a useful opportunity for multinational and Australias pharmaceutical company. The main motive of Australias pharmaceutical company is to prevent their market from stagnation by seeking to expand their business in new region. Therefore the Australian companys executive need to understand what factors will lead to growth in the content. They challenge is to identify hurdle in the system and collaboratively work to establish pharmecutical business in South Africa. Figure 1: Growth of South Africas Pharmaceutical market Source: (McKinsey Company 2015). Commercial risk and opportunity: Chinas economy is growing and the Chinese government main motive is to shift from investment associated growth to consumption associated growth. Their focus is on innovation and services that suits the demands of the consumers. However some facts is not good for Australian pharmaceutical company. This is because Chinas economy is not an open economy. While local companies get greater political protection, many foreign countries are restricted from operating in many areas of the country. With the increase in number of foreign enterprise trying to enter Chinese market, the number of commercial dispute in the country has also increased (Tan 2013). Hence the CEO of Australias pharmaceutical company will have to learn ways to settles this commercial dispute, entry restrictions and litigations issues. The most appropriate solution to this can be consulting a lawyer who has knowledge about the political laws of China. Obtaining commercial company chop is also essential in China which means the company has got commercial seal and it is legally registered in China. Foreign companies are at risk if no regular check is carried out and someone else uses this official document to take control of the company (Carr and Harris 2015). Hence it is essential that preventive measures are taken to prevent this risk. Commercially, South Africas pharmaceutical company is growing in all departments of drug such as prescription drug, generic drug, over-the counter medicine and medical devices. In South Africa, the increased opportunity in pharmaceutical market is driven by many factors. Firstly urbanization has contributed to massive growth in market. South Africas population is increasing and by 2025, the GDP of the country will be more than 20 billion dollar. The purchasing power of the country will increase and with this new foreign country like Australias pharmaceutical company will be at a advantage. This is because there will be more demand for health care services and medical drugs and better adaptability to modern medicines. Secondly, health care capacity in the country is constantly expanding. This trend is triggered by initiatives like shift to specialist anaesthetist nurse and training nurse for antiretroviral drug therapy. Hence, Australian company can play a role to improve capacity and delivery of necessary medications. The third factor is that government has introduced several steps to consolidate the pharmacy industry and promote vertical and horizontal integration of business. The manufacture of drugs is expanding by different kinds of acquisition and joint ventures (Kookana et al. 2014). However, one drawback is that South Africas government main focus is on domestic drug manufactures and they have imposed import restriction to support growth of domestic market. With strict laws on import, country specific-labelling, it will be difficult for Australian pharmaceutical company to expand their pharmacy in the country (Terpstra et al. 2012). Financial risk and opportunity- Despite economic slowdown in powerful countries like United States and Europe, Chinas economy is constantly growing at a high rate. It is also in a good position to overtake US to become the largest global economy by 2020. Hence with the prospective to remain as symbol of global growth, foreign companies have a challenge in understanding the complex market and seize opportunities to expand their business. With changing demographic and better business environment, Chinese market has become attractive for many foreign industries. They have created financial openness by schemes like calibrated opening of capital accounts. The pattern of export of financial capital in China has shifted due to rise in foreign investors by Chinese investors (Arnoldi et al. 2014). However, the unique challenge that Australias pharmaceutical company can face in expanding the pharmaceutical industry in China are due its large population size and large area. Lack of local unders tanding of the market can stall their growth. Besides this, great risk is involved because Chinas market is not homogenous and huge variation is seen in different locations of China in terms of literacy rate, per capita GDP, consumer expenditure and many others. Therefore, Australian company will have to think about best location to target pharmaceutical market of the region. For example Shanghai and Shangdong is best for pharmacy according to industrial orientation data. Another challenge is that understanding government policy and regulation will be critical because China restricts foreign companys entry in many sectors. Even if they will to enter Chinese market, they will have to follow conform to industry specific regulation for expanding their business. It will be a critical task for Australian company to interpret complex laws and regulation (Yip et al. 2012). The financial growth in South Africa is very slow due to various domestic problem and loss of European demand. There is also a sharp drop in demand from foreign market. Therefore considering this trend, Australian pharmaceutical company will have to think twice before entry into this region. It is evident that public spending is poor in this area, so even they establish their company, the success of the venture will depend only on keeping the cost of medicine extremely low. Any financial crisis in the country directly affects the pharmaceutical industry. Thus on analysis of risk and opportunity in the region, one can say that Australian company has to tackle with greater risk than opportunity in South Africa. Fragmented nature of health care sector, lack of market information, ethical issues and lack of transparency can act as a major barrier in investing in pharmaceutical industry in South Africa (McKee et al. 2013). Cross-cultural risk and opportunities- The nature of business and its success is dependent on cross-cultural different in target areas. Chinas culture is very different from that of Australia. This may pose a great risk for establishment of pharmaceutical industry. Understanding of cultural difference will only help in making cooperative strategies and conflict management. The social values, political system, laws, economic value and lifestyle of both Australia and China differ a lot. According to Hofstedes four cultural dimension of power distance, masculinity/feminity, uncertainty avoidance and individualism and collectivism, the two countries differs. Australia has supportive culture, masculine society, and individualistic culture, intermediate level in uncertainty avoidance, normative culture and indulgent culture (Bakir et al. 2015). In case of China, it has higher gap in power distance, collectivist culture, success-oriented society, low score in uncertainty avoidance and restr ained society. Therefore Australian company will have to analyse this different in cultural factor to successful take strategies for establishment of business in the country (Gupta et al. 14). Due to South Africas multi-cultural environment, Australian Pharmacy Company may face great challenge in penetrating the market. One of the major concerns in South Africa is the availability of electricity. Despite this factor, starting any business in the country is a lengthy procedure due many laws and regulation for foreign based company. Cultural factors affect styles of communication in different countries and cultural awareness will be a key challenge for Australian company. South Africa has a culture of normative behaviour, indulgence, individualistic and masculine society. There are also socioeconomic challenges that foreign companies need to overcome (Moran et al. 2014). Recommendation on entry strategy After the evaluation of risk and opportunities in expanding pharmaceutical industry in China and South Africa, one can interpret that both countries offer their own unique challenges to foreign company. However on calculation of overall risk in business, China can offer better profits and success to Australian Company. This is because South African government main focus is on domestic growth of market and they have strict regulation for entry of foreign based countries. Besides this there are many more challenges to overcome such as that of slow economy, internal issues, resource problem and many other factors. China also has strict regulation for foreign entry into their market, however their aim is to become a global market hub. So they will mostly welcome promising foreign investor in their homeland. Hence, if Australian market is aware of the barriers in entry into the market and how to overcome it, then they can easily expand their business in the country. The factors that are responsible for China as a favourite destination for pharmaceutical industry are cost savings due to low cost of labour and laboratory set-up, great talent availability in pharmaceutics, larger demand of health service due to increasing population size, saving on resource and high rate of economic development. Therefore the best entry level strategies that Australian Company can take are as follows: The first step is identifying the best location for establishing pharmaceutical industry. This choice may depend on higher population, income level and demand for drugs in particular areas. Shanghai is tier 1 city of China with mature markets in terms of attracting customers. Due to restriction on foreign company involvement in China, it is necessary to thoroughly understand government policy and regulation. One can refer to Chinese foreign investment catalogue to determine what is encouraged and what is restricted in the country. To unravel complex laws in pharmacy industry in China, Australian company can take help from specialised lawyer who have knowledge in this area. They can also help to recommend key authorities who can be contacted to for effective implementation of pharmacy industry. Any disputes can be solved by arbitration (Wei et al. 2014). Since China may spend more time in approval of any medical product, it will be necessary for Australian company to spend more time on research and understanding approval process to swiftly enter the market and save time too. Legal consultants can offer useful advice on how to interpret Chinas law and politics (Holtbrgge and Baron 2013). Entry will also depend on scope, geographical size and industrial landscape of China. Thus, Australian company will have to consider this factor and overall cost to succeed in their venture. Another smart move is starting a joint venture with local Chinese company to minimize the overall risk in entry (Chung and Tung 2013). The next step is to study shelf report on how to enter pharmaceutical company. There are varieties of global consultancies who can offer advice on key areas. It helps in determining the nature of market and well-executed marketing research will help in taking better strategic decision (Holtbrgge and Baron 2013). Most important availability of quality of staff is most crucial for pharmaceutical company. As a China is hub for pharmaceutical company, Australian company will face no problem in spotting talent and recruiting them. Chinese staff will also help in smooth running of the business. Finally, they should try to get their company legally registered in China by developing international property rights strategy (Peng 2012). The report on comparative study on risk and opportunities in establishing pharmaceutical industries in China and South Africa provided brief insight into financial, commercial and cross-cultural risk present in both countries. This information will be useful for Australian pharmaceutical company to determine which country can be the best destination to expand its business. This report also gives justification on why China can be a better choice than South Africa for successful establishment of pharmaceutical industry. Finally based on that justification, the key entry market strategy for entry into Chinese market will guide Australian company to effectively enter the market by conforming to all rules and regulation of the place. Reference Arnoldi, J., Bernhardt, P.P. and Liang, Y., 2014. Challenges, Opportunities and Strategies for Foreign Pharmaceutical MNCs in China. Bakir, A., Blodgett, J.G., Vitell, S.J. and Rose, G.M., 2015. A preliminary investigation of the reliability and validity of Hofstedes cross cultural dimensions. InProceedings of the 2000 Academy of Marketing Science (AMS) Annual Conference(pp. 226-232). Springer International Publishing. Carr, C. and Harris, D., 2015. Strategic contracting in China for foreign firms.Thunderbird International Business Review,57(3), pp.241-254. Chung, H.F. and Tung, R.L., 2013. Immigrant social networks and foreign entry: Australia and New Zealand firms in the European Union and Greater China.International Business Review,22(1), pp.18-31. Gupta, V.K., Guo, C., Canever, M., Yim, H.R., Sraw, G.K. and Liu, M., 2014. Institutional environment for entrepreneurship in rapidly emerging major economies: the case of Brazil, China, India, and Korea.International Entrepreneurship and Management Journal,10(2), pp.367-384. Holtbrgge, D. and Baron, A., 2013. Market entry strategies in emerging markets: An institutional study in the BRIC countries.Thunderbird International Business Review,55(3), pp.237-252. Huang, S., 2012. How can innovation create the future in a catching-up economy? Focusing on China's pharmaceutical industry.Journal of Knowledge-based Innovation in China,4(2), pp.118-131. Jen, S.L. and Yilmaz, F., 2013. Chinas Economic Transformation Its Trend Growth.SJL Macro Partners, August,9. Kookana, R.S., Williams, M., Boxall, A.B., Larsson, D.J., Gaw, S., Choi, K., Yamamoto, H., Thatikonda, S., Zhu, Y.G. and Carriquiriborde, P., 2014. Potential ecological footprints of active pharmaceutical ingredients: an examination of risk factors in low-, middle-and high-income countries.Phil. Trans. R. Soc. B,369(1656), p.20130586. McKee, M., Balabanova, D., Basu, S., Ricciardi, W. and Stuckler, D., 2013. Universal health coverage: a quest for all countries but under threat in some.Value in Health,16(1), pp.S39-S45. McKinsey Company. (2015).Africa: A continent of opportunity for pharma and patients. [online] Available at: https://www.mckinsey.com/industries/pharmaceuticals-and-medical-products/our-insights/africa-a-continent-of-opportunity-for-pharma-and-patients [Accessed 18 Sep. 2016]. Moran, R.T., Abramson, N.R. and Moran, S.V., 2014.Managing cultural differences. Routledge. Mylan.com.au. (2016).Company. [online] Available at: https://www.mylan.com.au/en-au/company [Accessed 18 Sep. 2016]. Peng, M.W., 2012. The global strategy of emerging multinationals from China.Global Strategy Journal,2(2), pp.97-107. Tan, X., 2013. China's overseas investment in the energy/resources sector: Its scale, drivers, challenges and implications.Energy Economics,36, pp.750-758. Terpstra, V., Foley, J. and Sarathy, R., 2012.International marketing. Naper Press. Wei, Y.S., Samiee, S. and Lee, R.P., 2014. The influence of organic organizational cultures, market responsiveness, and product strategy on firm performance in an emerging market.Journal of the Academy of Marketing Science,42(1), pp.49-70. Growth of South Africas pharmaceutical market. McKinsey Company. (2015).Africa: A continent of opportunity for pharma and patients. [online] Available at: https://www.mckinsey.com/industries/pharmaceuticals-and-medical-products/our-insights/africa-a-continent-of-opportunity-for-pharma-and-patients [Accessed 18 Sep. 2016]. Yip, W.C.M., Hsiao, W.C., Chen, W., Hu, S., Ma, J. and Maynard, A., 2012. Early appraisal of China's huge and complex health-care reforms.The Lancet,379(9818), pp.833-842.

Shopping Diaries Brand New Flat Screen 47

Before Shopping My mother and I have been toying with the idea of getting a brand new flat screen 47 inch TV for over a year now. After much debating, consideration, and internet searching, we finally decided that it was time to go shopping and make the purchase.Advertising We will write a custom essay sample on Shopping Diaries: Brand New Flat Screen 47-inch TV specifically for you for only $16.05 $11/page Learn More Since this was like buying a new toy for a child, you can just imagine the excitement and eagerness that both of us felt as I drove us to the mall where all the appliance stores were located. Before we seriously buckled down to shopping, I remember feeling a tinge of apprehension. Were we really ready to make this purchase? Wasn’t this just an impulse buy? Maybe we should sleep on it and come back another day? During the time when I was doing my internet research on the product, I had come to the realization that the amount of money needed to purchase the TV would probably pay for a semester of college for me. Not only that, but television technology advanced and came out with newer, more superior models to the previous flat screen TV releases on a 6 month basis. Making the item devalue practically the minute we plopped down our payment for it. Somehow I managed to convince myself otherwise and we trudged on in search of the perfect flat screen TV. Knowing that my mother was advancing in age and needed a larger screen TV in order to see the images on the screen, and that we already had a digital entertainment theater system set up at home, sans the correct TV set, were what probably helped me get over my initial apprehensions about buying the flat screen at this point in time. It may not be a necessity for me, since I spend most of my time at school, studying, or at work, but my mom, who is always at home, needs it for her own personal enjoyment. So who am I to prevent her from getting what she will enjoy the m ost? I can use the set up when I have some free time anyway. After Shopping Okay, so here we are, sitting in the food court and enjoying an after shopping snack. We have finally made the purchase and both feel quite satisfied with our choice of an LG Scarlet 47 inch flat screen. We had actually lucked out at the appliance store because they had both a Samsung flat screen TV and an LG flat screen TV in the display area. These were the exact 2 brands that we were considering to buy and it was fantastic that we got to compare their visual output and other specs side by side. It made shopping and decision making a lot easier. Thanks to the internet research that I did previously, I was able to ask the salesman the proper questions about the items and get his opinion on the items, all things considered. Since we were shopping for opinions, he even went to the extent of asking his co-workers for their opinions on the 2 items, and later on, his store manager also weighed in with his opinio n.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The more opinions the better I always say. We finally settled on the LG flat screen because it had one thing that the Samsung flat screen did not have, a screen protector that would protect the pixels and bulbs from â€Å"death† in the event that the screen was accidentally hit by a sharp or blunt object at full force. The Samsung version would have dead pixels instantly. Since I had my mother with me, and the purchase was really being made for her, I felt that she was the best shopping companion that I could have brought with me. She helped me stay focused on what item we really wanted to get when my eyes would stray to the other product displays, and reminded me of the budget that we had to stick to. We had a pleasant time shopping together and enjoyed our time together because we both knew exactly what was needed and wanted at the time and had already discussed it before hand. This essay on Shopping Diaries: Brand New Flat Screen 47-inch TV was written and submitted by user Javier L. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.