The future Essay Example | Topics and Well Written Essays - 500 words

The future - Essay Example Thus, my analysis of the future will begin with the likely changes and trends that will emerge in the global society. One country cannot be analyzed in isolation of the larger global community. Geographical and political boundaries are being eradicated by the elimination of trade barriers and rapid integration of capital markets. The world is quickly becoming a global village which facilities the entry of products, services, people, and capital in each country. Alongside is the huge advancement in technology. Technological breakthroughs brought products which are important in promoting efficiency in business operations. These advances ripple to households and individuals in the form of luxury and convenience. I believe that these trends will continue in the future. Furthermore, these factors will have the most significant impact in the personal and family life. The rapid integration of markets in the global community will have a huge effect in my personal life specifically in my career. I know that this development, together with companies' increasing preference of having a more diversified workforce will bring me face to face with people having different cultures. The interaction with these individuals will affect me in more ways that I can imagine. It is irrefutable that a person is shaped by his immediate environment.

Reflection paper on Friedman and Almedar Essay Example | Topics and Well Written Essays - 500 words

Reflection paper on Friedman and Almedar - Essay Example Such businesses do not only focus on the profit levels but also on other factors that affect the people they serve and the community around the business. These businesses are inclined to the social responsibility while ensuring satisfaction of their market with the services and products that are offered. Therefore, such businesses observe their social responsibility as well as their profitability. Since stakeholders are only moved by profitability of a business, the business should always make sure to implement strategies that balance between social responsibility and profit maximization. Though this seems as an indulging activity, the management should focus on making a positive mark to both the community and the shareholders. This is by making a continuous increase in profits of the business. For example, the business should increase its participation in the market through diversification and expansion strategies. Increasing the market concentration increases the performance of a business. For example, investing in other untapped markets ensures a business creates more demand for its products. As such, the business will record an increase in sales and thus possibility of increased profits. However, the business should have a focus on the social responsibility. For example, selling tobacco is an acceptable activity in the market. Therefore, selling the tobacco to other marke ts is an acceptable market behavior. This will be a successful activity since the tobacco selling will increase the overall sales in the business. As such, the business will be observing its stakeholders’ responsibility of making a positive approach to business decision making. The business will benefit with each introduction of its products to new markets. Therefore, the business will be regarded as a responsible entity that makes profits while benefiting the community. Though introduction of a product to a new market justifies the activities of a new business, it should