SummaryThe Nigerian states, Bodo in Orgoniland are faced with a crucial shell oil spill 1,640 barrels have leaked. This has impact the environment, destroyed fishing grounds and has negatively erupted the local community. Governments are working in progress with agencies, seeking more than £93million pounds in order to clean up the creeks, which, even four years after the spill, remain coated in oil. Analysis
This article relates to the module topics of environmental issues, the shell oil spill explains the direct shock that has left the members of public to deal with within this present time. Crucially the whole state of bodo ‘orgoniland’ is currently going through a major downfall, resulting to terrible issues damaging the environment. In this situation many people are left at risk fighting with ill health problems due to the pollution in the air.
“The evidence of Shell’s bad practice in the Niger delta is mounting” said Patrick Naagbanton, who is also lead co-ordinator of the local oil watch group and centre for Environment, Human Rights and Development (CEHRD). “Shell seems more interested in conducting a PR operation than a cleanup operation.
The problem is not going away; and sadly neither is the misery for the people of Bodo.” In conclusion, debates are being held for investigation, dismissed by Amnesty’s Gaughran: “Even if we use the start date given by Shell, the volume of oil spilt is far greater than Shell recorded. More than three years facing the Bodo oil spill, there hasn’t been any major progress to conduct a proper cleanup furthermore to address the impacts that has affected communities. Years of demanding help to conquer justice in Nigeria, the people of Bodo have now taken their claim to the UK courts. Ending in the hands of the laws to resolve solution to battle for environmental issues.
ReferencesVidal, J. (2012) Shell Nigeria oil spill ’60 times bigger than it claimed’ Guardian, 23rd April [Online]. Available at: http://www.guardian.co.uk/environment/2012/apr/23/shell-nigeria-oil-spill-bigger (Accessed: 23 April 2012).
StakeholdersSummaryFamous GlaxoSmithKline driven bonkers, holds up bid for US biotech firm £1.6Billion to be in partnership with express shareholders. Glaxo is assertive and prepared to deliver $13 per share in cash, enabling HGS holders to make final descions on whether hostile offer will be taking on board. ‘Clear stragic and financial logic’ were measured New York HGS rejected the bid however progression under evaluation is still in order. Glaxo followed by chief executive Sir Andrew Witty are called for final plans for possible partnership. Analysis
First of all it is important to understand and define the meaning of stakeholder. According to the dictionary.com stakeholder is ‘a person or a group that has an investment, share or interest in something as a business or industry’. Therefore within this article it is possible to identify more than one stakeholder. Glaxo has taken full responsibility; socially connecting with a major stakeholder in order to securely produce a streamlining business visualizing potential growth in the right direction. Bidding for US biotech firm will give Glaxo full rights to these drugs once descions have been finalized. An estimated £2000million in cost savings by 2015.
However on the other hand chances may face a barrier to secure opportunity. Mark Evans lead manger highlights the bright side, the fundamental key. He states ‘they will do a fantastically well out of this as £13mill is a steal’ Glaxo is holding the right cards for partnership in shares with New York HGS firm. Glaxo keeps his offer and holds hostile bid for £1.6billion partnership, he Is steadily geared up to deliver, enabling HGS holders to make vital descions on, considering whether this is the right choice to make and to take up his business deal. Orders were measured and resulted to evaluation circumstances. Progression will be continued to consider future plans.
ReferencesCraik, D. (10th May 2012) ‘Glaxo goes in for Hostile bid ‘Daily Express p52 WebPagesDictionary.com (10th may 2012) ‘stakeholder’ [online] Dictionary.com Available from http://dictionary.reference.com/browse/stakeholder (Date Accessed 10th May 2012)
Sustainability and Civil SocietySummaryBanks are forced without choice to deliver back 1.9billion deluged with hundred thousand claims involving payment loans, insurance and mortgagees that had been miss-sold to many people within the human nation. Consumer groups argue for that the unemployment, illness; sick and the elderly may struggle with a low chance of claiming back earnings. Development issues have affected major banks such as; Barclays, Royal bank of Scotland and snatcher who are left in the predicament to send out re-claims to resolve ongoing crisis. Analysis
As it can be painted from the article the Financial Services Authority stated the total repaid since the legal ruling last may has reached £1.9billion,following record refunds of £441million in December, yet still this disputes the fact that over 16million customers are still on hold whiles being assessed for legit procedures for claim backs. In addition the consumers are left in major rescission and cut backs at the same time, struggling to maintain financial sustainability. It is crucial to operate in order to preserve integrity for future generations.
Therefore is vital that PPI alongside banks uphold a sustainable development in line with progression (Costanza and Daly 1992). The sustainable development duty defines sustainable development as ‘’development that meets the needs of the present, without compromising the ability of future generations to meet their own needs’’. Financial solutions will consist on * incentivising long-term thinking
* innovating financial models that drive investment towards sustainable activities * inject fresh thinking, new ideas from outside the financial sector In conclusion closing the article, the main issue faced is for PPI to deliver back positively and effective, but they are still too slow, says consumer watchdog. The FOS deals with about three to four cases in consumers favour, the Daily mail are working in partnership with campaigns for refunds to help individuals pursue claims in their own hands.
Original Article ReferencePoulter, S. (23rd February 2012) ‘Banks repay £1.9bn payment protection but they are still too slow, says consumer watchdog’ Daily Mail p25 ReferencesCostanza and Daly, H (1992) Natural capital and sustainable Development’ conservation biology, vol 6 no1.p36-46
Business ResponsibilitySummaryChairman Charlie Mayfield in partnership with John Lewis firm unveils a fall in profit for the department store and lowers bonus for employees comparing to the previous year 18% of salary payment. Mayfield upholds a prediction that the economy will avoid a double dip recession and begin to grow positively in the right direction, he states his word ‘the trajectory has changed for the economy and strongly believes within the next year the store will move out of being in decline to small growth’. Analysis
After previous years in decline in growth the economy issue has hit back with new goals to make advancement changes to benefit and satisfy workers. It is patent that the root relates to business and society. One of Britain’s top retail bosses takes concerns under his arms by taking full responsibility to make crucial changes to better future department stores all over the UK stores. In relation to customer relationship the organisation is fair respectful and honest at all times, explaining development crisis so people are aware of what is going on.
Charlie Mayfield is keeping workers happy by analysing implications for every aspect of the work hold looking at all areas. (marketing, financial management, operations management and human resources management) in addtion the main two interrelated elements to CSR:
* The action which organisations take to manage their activities more responsibly * Accountability – ways in which companies report their activities to external audiences for evaluation In relation to this article Mayfield fights and defends the increase investment at the time of ‘profound change’ demonstrating dedication to keep business on track without fail.
Stratford city in east London, total sales at john Lewis rose by 1% to 2.79 billon but sales fell 0.6% on a like for like basis. In conclusion weighing progression is on full track within growth.
ReferencesThompson, J. (7th March 2012) ‘John Lewis boss: UK economy poised to bounce back this year ‘The Evening Standard p32.
Business and Environment Climate changeSummaryScientists have measured the force of the foods by means of fresh meat and cheese by tapping the carbon footprint league. Emissions from foods we conduct into our system are relatively equivalent to 107 million tons of dioxide. On a larger scale carefully choosing healthy dietary choices by analysing the pro’s and con’s can make a major variation to greenhouses with potential benefits to help keep the climate environment free from pollution. Analysis
This article relates to the module topic climate change. The IPPC was created in (1998) to identify and address complex issue affected by environmental climate change; the cause deals with potential environmental and socio-economic consequences and the adaptation mitigate In order to lessen and relieve. In relation to the article an ecosystem is a community of living organisms’ plants and animals sharing an environment. However fresh meat and cheese being the top two for emissions is impacting our communities concurrent to oxygen levels.
In addition the negative effects can lead to temperature increase agricultural and forestry management in Northern Hemisphere, e.g. earlier spring planting of crops. In conclusion creating solutions such as changing nutrition plans may not conquer the issue unless the majority of the population is ready to consider and change dietary plans to help keep the environment eco friendly.
‘greenhouse gases’ are necessary to sustain life on Earth they let the sun’s rays enter but stop some heat from escaping, keeping the planet warm enough to allow life to thrive. However when fossil fuels like coal oil and gas are burned, they release greenhouse gases. In 2005, burning fossil fuels released about 27bn tonnesof CO2 into the atmosphere Carbon dioxide is the most important greenhouse gas and contributes to the greenhouse effect, Nevertheless since the Industrial Revolution (18th century), the amount of CO2 in the atmosphere has increased by about 40%. References
DOBSON, R. (2012) ‘Meat trade emissions equal to half of all Britain’s cars’ The Independent 5th February [Online] Available at: http://www.independent.co.uk/environment/climate-change/meat-trade-emissions-equal-to-half-of-all-britains-cars-6423173.html (Accessed: 5th February 2012) Business and Economy
SummaryCairn Energy’s management conquers battle for Agora Oil and Gas directly struck of the shore. There have been major highlights that the $450million (£283.9 million) is definitely on the expensive scale worth up to 20p a share. However Agora Oil Gas has been the major cause to the North Sea abounding well, yet still negative effects doesn’t faze Cairn to hold back and think twice about consequences. Many supply chains including stakeholders from mega companies such as apple and virgin airlines are highly interested in shares. Negatively economy issues begin to rise impacting Zimbabwean minors over joint ventures. Analysis
The article printed in Independent newspaper has focused on the current topic business and economics. Unfolding the critical situation, Agora Oil and Gas have caused a major impact distressing Zimbabwe as a country. Furthermore governments draw in line orders to analyze issue in further dept to deal with the economy problem.
There are reports that millions of people have been fighting and this has left many lands neglected being polluted (Boomberg 2012). To conclude if Cairn doesn’t take consideration into account, this may leave many Zimbabwean minors at risk of consuming ill health due to economical pollution. Via-Logy Software firm jumped fuelled with excitement as the, Aim-listed firm boasted that its technology had helped a US client with a successful oil drill rewarding Via Logy with a shot up 0.5p to 3.12p.
Although technology is incredibly taking over, at the same time it falls down to publicity talks with a number of energy ‘Majors’ being an economy predicament The process of social and economic change that transforms society from an agrarian into an industrial one, has become a part of a wider modernisation process, where social change and economic development are closely related with technological innovation Sullivan and Sheffrin (2003)
Original Article ReferenceGreen, T. (16TH April 2012) ‘Cairn Energy’s Deal for Agora pays off with early oil find’ The Evening Standard p45.
ReferencesDebarti, R. (2012) Zimbabwe land Threatened, Executive Analysis Says’ Bloomberg, Available at: http.//www.bloomberg.com/news/2012-11-04 (Date Accessed: 16-04-2012)
Sullivan, A. Sheffin, M. (2003) ‘Economics Principles and Tools’ Upper Saddle River, New Jersey 07458: Pearson Prentice Hall
INTRODUCTIONThis collection will consist of six articles from broadcast sheets newspapers. The main plan for my portfolio is to summarize the key points in each article demonstrating a clear understanding in further depth. Broadcast sheets newspapers are often bias, for instance The Guardian is acknowledged as a liberal paper and involves especially political parties. This portfolio aims to put together a range of critics alongside supporting sources relating to similar matters. I will also draw together an equal conclusion to close all articles, each summary and commentary will narrate to a particular matter.
These topics will be chosen from my module covering a range of issues demonstrating; economic, society, cultural, politics and environment awareness. As Tim Jackson states ‘our current paradigm dictates that more stuff is better, that infinite economic growth is desirable and possible, and that pollution is the price of progress. In highlight to really make a positive change, we need to take good care of a different pattern following a sequence based on; the value of sustainability, health justice, growth and to nurture our community.
Studying business and society as a module has broadened my knowledge to understand the core reasons why problems occur within our nation as a country. Yet still it has left me thinking about the negative impact the world is facing at this present time with a big question. How will the outlook of our future generation cope with ongoing crisis? That continues impacting many areas within the social order frame. The answer is left unknown and we can only hope for the best for brighter days to remain good to us.