Reduce External Costs, Improve Products and People's Lives Assignment

Reduce External Costs, Improve Products and People's Lives - Assignment Example Aircon used to consume huge electricity but was minimize by inverter technology. The technology can be used in electric stove to minimize its energy consumption. b. Standardized induction technology – induction cookers are now being introduced in the market where electromagnet to heat iron or steel cookware (Severson). It is still however a little expensive but when demand increases, the product can be produced in scale driving the cost down both in terms of unit cost and energy consumption. c. Prolong product lifecycle – simply put, product lifecycle is the lifespan of the product. Product cost can be defrayed when the product cycle is prolonged because its cost is spread over the years of its use. When these three proposals are introduced into an electric stove, the energy consumption will be significantly lowered and the product will also last longer making a lesser ecological footprint. The product cost may be increase a little but this can be easily defrayed by its lower energy cost. Severson, Kim. "Is Induction Cooking Ready to Go Mainstream?."Â  The New York Times. The New York Times, 6 Apr. 2010. Web. 2 Oct. 2014.

Business Policy Development and Implementation, Portfolio Project - Essay

Business Policy Development and Implementation, Portfolio Project - Team Baldwin - CAPSIM Company Evaluation - Essay Example With time when the monopoly market was split with the appearance of new entrants, the increased cost of manufacture of sensors could not be passed on to its customers. This led to the importance of managing its business performance in terms of delivering quality products at competitive price which could be seen from its four rounds of operation year over year (Reuvid, 2012). Comparison of 4 rounds of operation from the Annual Report of Team Baldwin The performance of Team Baldwin has been compared as given below from the Annual Reports available in order to see how effectively Team Baldwin has been able to manage its operation in the face of competitive market (Hutt and  Speh, 2012). A snapshot of the major performance parameters has been presented below which has been obtained from the Annual Reports year over year from Round 1 to Round 4. Key Performance Indicator Analysis – Table A Sl. No. ... 100% 122.91% 145.93% 144.96%    6 Sales 90798 116913 155053 154514 19.39%       100% 128.76% 170.77% 170.17%    7 Inventory 8617 0 -2180 -5589 -186.56%       100% 0.00% -25.30% -64.86%    8 Net Profit 45 4346 16010 16747 619.30%       100% 9657.78% 35577.78% 37215.56%    9 Accounts payable -2277 2479 1521 379 -155.01%       100% -108.87% -66.80% -16.64%    10 Accounts receivable 845 -2146 -3135 44 -62.66%       100% -253.96% -371.01% 5.21%    11 Net cash from operation 14383 13232 21578 20942 13.34%       100% 92.00% 150.02% 145.60%    N.B. Amounts are given in dollars and () represents negative value The above represent a common-size analysis on the parameters identified to be indicative for the performance of Team Baldwin over round 1 to round 4 from 2014 to 2017. The table also indicates a Compound Annual Growth Rate (CAGR) of the key performance parameters. Total market share and revenue In round 1 in the year 2014, the market share of Team B aldwin is 19.15%, in round 2 in 2015 is 21.5%, in round 3 in 2016 is 26.64% and in round 4 in 2017 is 26.24%. Thus, an increasing trend of market share of Team Baldwin can be observed with respect to its competitors in sensor manufacturing. If we look at the Income statement of Team Baldwin in the Annual reports and subsequent comparative analysis in Table-A, we would find that the total revenue or sales of the company has shown an increasing trend from round 1 (year 2014) to round 5 (year 2017). With respect to the round 1 in the year 2014, the revenue earned by Team Baldwin has increased 28.76% in round 2 (year 2015) and over 70% in round 3 (year 2016) and round 4 (year 2017). The market share of a company increases when it is successful in managing its operations and plan strategies by anticipating responses from its

A Case Study Of Sea Turtle Conservation Environmental Sciences Essay

A Case Study Of Sea Turtle Conservation Environmental Sciences Essay Sea turtles are being caught throughout the world even though these endangered species are illegal to hunt them. Most of these sea turtles are being hunt down for food. These turtles are considered a source of fine dine in most parts of the world for centuries now. For instance, one Chinese text that dates back to the 5th century B.[1] describes marine turtles as exotic food. Several coastal countries harvest these sea turtles and use them as a major source of protein in their everyday food. These people also use turtle eggs in their food. Certain other countries like Mexico use these turtles in boots Certain species of sea turtles are hunted down for their shell. For instance, one of the species called hawksbill sea turtle produces Tortoise shell which is a traditional decorative ornament in Japanese and Chinese culture[1]. Similarly the Ancient Greeks and Romans used turtle scutes to make ornaments and jewellery for the elites. The Moche tribe of Peru worship turtles along with other sea animals. Sea turtles have been enormously depicted in Moche arts[2]. Tropical beaches are kind of made safe by the sea turtles that are immune to jelly-fish toxin and frequently eat them. Green sea turtle are few sea animals that feed on the green sea grass. Certain sea turtles graze on the sea grass under the sea that is supposed to be kept short in order to maintain the health of the sea[3]. The sea grass bed is the developmental and feeding ground for several sea animals. Loss of sea grass bed can result in lower levels of food chain and loss of several sea life and endanger countless marine species[3]. The following are the eight endangered species of marine chelonians; loggerheads (Caretta caretta), hawksbill turtles (Eretmochelys imbricata), leatherbacks (Dermochelys coriacea), kemps ridley turtles (Lepidochelys kempii), olive ridley turtles (Lepidochelys olivacea), flat-back turtles (Natator depresses), green sea turtles (Chelonia mydas), and the black sea turtles (Chelonia agassizii). These endangered species have numerous biological features as well as in their life cycle which makes them chiefly susceptible to human interference[4]. Usually, the majority migrates between feeding and nesting grounds, have a longer life span, nest on semi-tropical and tropical beaches, breed seasonally, have bulky clutch sizes, and have elevated mortality before adulthood. The sea turtle population size and dynamics are not just affected by one anthropogenic cause rather there are numerous threats both on shore and out in the sea that is responsible for the declining population size in almost a ll the species[3]. The main consideration is commonly given to in shore and beach conservation. This paper will evaluate the present stressors on sea turtle populations from the standpoint of nesting beach associated conservation including instability to nesting females and to clutches and hatchlings. This paper furthermore will comprise an inspection of the management methods to tackle with decreasing populations in nesting areas, including management normally employed in developed countries[5], management with the public education and participation in third-world countries, and management of pre-nesting females present off-shore, who are frequently caught as bicatch during fishing. During breeding and nesting periods the sea turtles gather off shore at the beach and thus are easily accessible to the human populations. This is the time when these turtles can be either positively or negatively affected by the human population. Disturbance to nesting females is the primary hindrance in nesting beach conservation projects. Pedestrian intrusion and under education concerning the suitable manners to interact with nesting females is typically the main threat, and in severe cases such as in developing countries, simmering is extremely persistent and hard to manage, but is generally uncommon in developed countries[4][5]. Human interference can cause females to get lost inland and become entrapped in bushes and die from dehydration and stress, run over by cars, and potentially come in contact with dangerous and toxic materials and protract life threatening injuries. Similar consequences can result from light induced disorientation[6]. The female turtles have an innate tendency to orient themselves to the brightest horizon which is always the sea, but lights from buildings and cars and other kinds of human interference can make them disorientated and crawl towards what can be called as potential hazards. Human interference in addition may lead to abandoned nesting attempts, as the females may find the beach inapt and dangerous, probably taking humans as predators that may eat her clutch or cause her injury. Furthermore, beach furniture, cemented pavements, roads and similar other obstacles can interfere with the normal biology of sea turtles and cause the female turtle to find the beach inapt and insecure for nesting attempts[7][8]. There have been reports of beach furniture and other similar objects being the cause of death for female turtles. The fact that female turtles frequently false crawl has been documented and observed to be true[8]. The female turtle crawls on the beach and then make a U turn to crawl up again and back down, this is a way to reassure that the beach is suitable and secure for the final nesting. On the less disturbed beaches there are generally identical amounts of nesting and non-nesting appearances, where on extremely disturbed beaches non-nesting emergences can be several times higher than nesting appearances[2]. The outcome of high aborted nesting trials is not known, it has been implied that these females typically find a close by beach which is more apt, or probably reabsorb the eggs[1]. The clutch and hatchlings are generally very vulnerable to damage from human interference. Apart from human interference the clutch and hatchlings are also susceptible to natural predators, environment and natural mortality[9][4]. No matter how good a researcher might be, if he or she is not well aware of the needs and risks of these clutch and hatchlings, they can significantly decrease the nests success. Several of the threats on concerned beaches comprise beach tools flouting or revealing eggs, human pests like dogs, cats, raccoons and rats digging up eggs. Artificially constructed barriers and constructions on the beach can lead to the drowning of eggs, the hatchlings can get attacked by fire ants, rà Ã‚ µlocation of thà Ã‚ µ clutch outsidà Ã‚ µ thà Ã‚ µ safà Ã‚ µ 6-hour post-dà Ã‚ µposition window, rotating à Ã‚ µggs during rà Ã‚ µlocation, and entanglement in holes and ruts[10]. The threats discussed above are besides the natural threats like predators and other wild dogs and cats that can potentially attack the hatchlings, and the environmental effects of bad nest position leading to below optimum moisture, plants, sand resolution, aà Ã‚ µration, tà Ã‚ µmpà Ã‚ µraturà Ã‚ µ, and vulnà Ã‚ µrability to sà Ã‚ µasonal interference such as hurricane storm surge[8][9][10]. The most rational method to improve and advance marine sea turtle life is by managing the nesting beaches. These beaches are reachable to researchers and a basis of high mortality for hatchlings and adults. Nest management programs are one of the most widespread and effectual ways of enhancing survival, particularly in adjunct with legislation and community cooperation[1]. There are a number of programs that are completely community based, where marine turtles are an important part of the domestic financial system, custom and food source, and the sustainable management of the animals is a source of income for the community and a safe haven for marine turtle conservation[10]. [5] The majority of the programs in the developed countries are concerned with the safety of the nests and the beaches from intrusion and human interference. Besides this other management strategies deal with the gathering of females off-shore during the nesting period, where leisure and fishing ships cause the death of females from accidents, entrapment in fishing lines, and drowning in trawl nests[4]. The nesting beach program of Sarasota n Florida is a typical model of the developed nesting beach program. During the nesting season, the nesting beaches are constantly patrolled. A documented track is kept during these patrols for nesting and non-nesting emergences[4][6], in addition the nests are marked off with wooden stakes and flags in order to keep a track of nests and at the same time make the public aware of the nests presence. Areas with high risk of predation, human interference or any other similar hazards have a deeply rooted iron cage around the nests to protect the emerging hatchlings from these hazards. The wooden stakes used to mark the nest have a detailed information tag that includes the date at which the nest was laid along with the nest number and GPS coordinates in case the original stakes become lost due to any reason. Records are kept concerning any abnormal tracks or nests made by females, as they are typically a sign of interruption or disorientation from human sources. The nests are under surveillance all through the season for damage caused by delinquents, flood, ant invasion, predators, and damage caused by storm surge[10]. The contents of the clutches are sorted out 24- 48 hours after they have hatched. Alive hatchlings are brought to the aquarium to provide required care and are kept there until the end of the season before releasing them. The amount of dead partially hatched hatchlings are calculated from the remains of the shell[9]. Nest success is calculated for every nest as the amount of hatchlings that effectively hatch and leave the nest; regrettably post-hatch predation can frequently not be calculated and included in the measure. The nest success is used to evaluate the comparative success of the conservation methods, and to recognize main risky and low success locations and may begin the probable repositioning of nests in prospective years. One of the significant things to be considered across the management region is the nests to non nesting emergences ratio. This is important due to the fact that areas that diverge from the anticipated 1:1 ratio may either be extremely disturbed as females terminate most nesting attempts, or an extremely flourishing beach with a high amount of nesting emergences[5]. These beaches can then be prioritized into beaches which need extreme consideration and regulation due to extreme interruption, or need to be conserved so that extremely successful beaches are not lost to development. These management programs and their enforcement power is frequently supported by federal and state legislation that enforce heavy penalties and jail time to people who directly or indirectly contribute to the interruption of a sea turtle, its nest, or hatchlings. Infomration of this program was acquired from personal experience at Mote Marine Laboratory, Sarasota, Florida, 2005, whilà Ã‚ µ corrà Ã‚ µspond ingly dà Ã‚ µscribà Ã‚ µd programs includà Ã‚ µ onà Ã‚ µ in Brazil, in diffà Ã‚ µrà Ã‚ µnt arà Ã‚ µas of Florida (Johnson and Eckhart, 1996; Antworth, et al., 2006), and in Greece[5][7][8][9]. Community conservation is regularly a very booming in terms of economy conservation program in third world countries, as sea turtles are very imperative for the local economy, custom and as a food source[1]. Locals are commonly willing to contribute and operate their own programs as these programs significantly benefit the community. An example of a extremely flourishing program is in Ostional, Costa Rica, which is the sight of one of the worlds largà Ã‚ µst mass nà Ã‚ µsting of thà Ã‚ µ Olivà Ã‚ µ Ridlà Ã‚ µy sà Ã‚ µa turtlà Ã‚ µ. When the fà Ã‚ µmalà Ã‚ µs waiting off shorà Ã‚ µ arà Ã‚ µ cuà Ã‚ µd to begin nesting locals consider the cue is correlated to the lunar cycle- the local group of turtle[2][3][6] watchers and visiting rà Ã‚ µsà Ã‚ µarchà Ã‚ µrs takà Ã‚ µ tourists to vià Ã‚ µw nà Ã‚ µsting for a fà Ã‚ µÃƒ Ã‚ µ, which is an important basis of income for the villagers. At times the turtles start digging up other turtles nest to deposit their own due to the high density of nesting females in the vicinity. Due to the fact that the life span of dislodged eggs significantly reduces 6 hours post deposit the local villagers are permitted to collect the dislodged eggs and sell them in the market at a price of a chicken egg to avoid black market demand. Some of the locals also help researchers and participate in caging clutches at risk from predation, and teach tourists about the anthropogenic and natural risks to sea turtles. The offshore gathering of the nesting females is a threat since these females are at greater risk to accidents through offshore human. Even though the traffic off-shore from nà Ã‚ µsting bà Ã‚ µachà Ã‚ µs is difficult to control, the development of the turtle excluder device for fishing vessels has reduced the number of drowning deaths of sea turtles in nets. In Bahia Magdalena, Mexico, numerous turtle carcasses for numerous species of marine turtle are found decaying all along beaches inside the town, which are typically due to the bi-catch from off-shore trawling, if not from plundering. The turtle excluder device is an add-on to trawl nets that let turtles to get away through a huge trap door in the back of the net, and has saved countless nesting and foraging turtles from drowning. Regrettably in certain parts of the world, such as in Mexico and India, there are enormous deaths due to trawling around the nesting period, and the local fishermen decline to utilize the excluder devices, in spite of being offered without any cost, since they believe they might lose their catch when the turtles exit the net. In fact only few fishes are lost through the trap door and moreover it will save them more money since they wont have to restore or repair the damaged nets caused due to entangled turtles[1]. Another source of mortality is the longline fishing. The sea turtles can potentially take the bait and become entangled in longlines, although, the introduction of circular hooks have helped reduce the mortality due to specific cause. Lately, numerous nesting beach programs globally, have been tagging nesting females through satellite[6][7]. This way they can keep track of the nesting females position before nesting attempts along with their migratory routes and destinations. This helps in refining and cleaning the area in order to regulate fishing and human activity, thus minimizing disturbance. Monitoring turtle population through nesting beaches and enhanced recruitment is an extremely practical and cost effective way to conserve the endangered sea turtle species. While a good amount of a turtles life is spent migrating and foraging, the nesting period during which these turtles come off shore to breed is the only time during which they can easily be accessible to researchers. The majority programs are comparatively successful in improving nesting success mired by human activity simply through presence and protection of nests[5]. Success is generally restricted by the collaboration of the community, since extra stress is placed on the people from communities apart from to the natural level of predation and mortality. In numerous developed countries the maintenance of nesting beaches with legislation and patrol programs linking community education have led to an increment in population growth rates. Even as there are more management problems in third-world nations, owing to insufficient of funding and lax legislation and enforcement, instilling a feeling of liability for the sea turtles in the local people can go a long way in incrà Ã‚ µasing thà Ã‚ µ nà Ã‚ µsting succà Ã‚ µss of thà Ã‚ µ bà Ã‚ µach.

A Solar-Powered World Essay examples -- Environment, Energy Resources,

A Solar-powered World Since the beginning of the war against environmental contamination, it has been the job of engineers to come up with solutions to this problem. Waste management regulations, material recycling and recursion to renewable energy resources have been some of the many brilliant ideas engineers have emerged with to take control of the situation. Of these three, the use of renewable energy resources has meant to be the most complicated of the solutions to repair the damage done to nature. The generation of energy has always been of concern to humanity and so it demands to be studied rigorously. Here is when questions about solar radiation appear over the table of many scientists. With all of its mysteries and power, the sun has shown its potential to be a reliable source of renewable energy. The question is: how can engineers take advantage of the energy that comes from the sun? In order to wisely exploit solar energy, engineers must execute precise arrangements in solar energy systems. Primarily, engineers should be able to identify what kind of solar configuration is the best for harnessing solar energy. First, engineers must explore what advantages each solar energy system can provide. This step is crucial for understanding the potential of sunlight in the renewable energy world. Most researchers in the field of renewable energy name, at least, two fundamental types of solar energy system configurations: flat-plates and concentrators (Balat 981, Higgins 26 and Hepbasli et al. 556). In their works, these researchers describe each type of configuration as equally suitable to convert solar radiation; nevertheless, they encourage the use of flat-plates for photovoltaic conversions and concentrator for solar-the... ... the factors that shape the performance of such systems. For instance, engineers must pay close attention to the type solar energy system configuration as well as the type of material they choose for the task, so they will ensure maximum efficiency and satisfaction. Also, engineers must find reliable ways to store and manage the energy that has been already converted, without letting aside the new technologies and applications they could destine to that energy. Finally, engineers must come together to figure out how they could make solar energy systems a true adversary for fossil fuels, so they could free society of such damaging fuel. In summary, engineers have the capability of imposing solar energy systems as a reliable energy source or let it be forgotten. Either of both will be a reflect of how they manage the technology and on what they focus to handle it.

Use and Importance of Computers in Education

Many technological advances have been made throughout history making life easier, one of which is the computer. Computers have changed the world, as a lot of things can now be done through computers. Computers are everywhere at school, at work, and at home. Many daily activities either involve the use of or depend on information from a computer. Over the past decade, the number of schools with computer and the Internet access has grown exponentially, and the number of children going online from school has followed suit. The first computer Atanasoff Berry Computer (ABC) was developed in 1942. Historians divide the history of the modern computer into generations, beginning with the introduction of the UNIVersal Automatic Compute (UNIVAC), the first commercial computer which was introduced in 1951 (Computer, I40). Professor John Atanasoff and graduate student Clifford berry built the world’s first electronic digital computer which included several innovations such as computing, logical arithmetic and different processing (Lemons, Computer impact on education 2009). Computers mean instant access to information because they affect different aspects of people’s lives, homes and society. Computers have become an integral part of the education as they allow students and teachers access to information, show students real world, help in research projects, and prepare for their jobs. This paper attempts to gather and analyze information about use of the computers in education system. Education is the process of acquiring knowledge. In the traditional model, people learn from other people such as parents, teachers, and employers. Many forms of printed material such as books and manuals are used as learning tools. Today, educators also are turning to computers to assist with education (Discovering of Computer, 32). Many schools and companies equip labs and classrooms with computers. Some schools require students to have a notebook computer or personal digital assistant (PDA) to access the school’s network or Internet wirelessly (Discovering of Computer, 36). Moreover, there are lots of various interactive white boards such as SmartBoard, ActivBoard, Mimeo and Webster. These electronic boards connect with the teacher's computer and can be used in different ways. For instance, if the teacher takes notes on the interactive white board, then it can save those notes and provide them to students who missed class. The teacher can upload them to a school Web site, where that child or a parent can see them. In a graphic way, the teacher can demonstrate what happens when you mix colors, divide numbers or create a virtual science experiment. The board also can provide interactive review games,in which students match the correct answers or fill in the blanks. All of the white board companies have Web site with lesson plans and suggestions. Teachers also find lesson plans by searching the Internet or on teacher forums. These boards are more useful and helpful in interactive teaching method where students can enjoy their learning process. Another way of using computers in the classroom is the use of online research projects, or Web quests. As with interactive white boards, several online sites are available to teachers with hundreds of potential projects for their students. Students are challenged to create utopian societies, time capsules, comic strips or find careers. Simulation is another way to use computers in a classroom context. Simulations provide â€Å"real-life† experiences in many cases, for example: the experience with the stock market or using math in daily life. The virtual field trips bring far-flung places into the classroom. If it is not possible to travel to Colonial Williamsburg, the students can visit websites like history. org instead and watch the actual place virtually. With this sort of virtual learning environment, computers have proven extremely beneficial especially to the kids. In addition, computers with certain speech, audio, and motor limitations also provide a huge benefit to the kids. Kids with special needs can use alternative input and output devices (assistive technologies) to interact with computers and do things that they normally could not accomplish independently. They benefit especially from having access to an on-demand, patient tutor that allows them to work at their own pace. Computers improve both teaching and student achievement. Across the world children have entered a passionate and enduring love affair with the computer. Thus, when used for educational programs, what attracts the children most is not the beauty of or interests in the content being learned, but these are video effects of the computer. It is a great need that children and young people have to learn computers now otherwise they will fall behind in their future search for professional jobs and career. Computers these days have become so easy to use and learn. The online tutorials are becoming so powerful that any one will be able to learn how to use computers very fast at any age. The use of computers will be part of on-the-job training, provided by the enterprises themselves. It is a fact that many adults are afraid of computers, but the person will not be the case with children who were born after the introduction of personal computers. As of today, more than 70 percent of colleges offer some sorts of distance learning classes. Distance learning makes students independent. Not only distance learning, computer based teaching itself is also very important. A meta-analysis of forty-two controlled evaluation studies was conducted to determine the effectiveness of computer-based teaching (CBT) at the secondary level. According to the evaluation, results indicate that programs of computer-assisted and computer-managed instruction raised student examination scores by approximately 0. standard deviations (SDs). Programs using computer-enriched instruction, however, raised examination scores by only 0. 07 SDs in the average study. The effects of CBT on student learning were stronger in studies focusing on disadvantaged students and in studies conducted in recent years. Research is also the part of education system. Research provides more knowledge and ideas about particular subjects. Computers these days are absolutely neces sary throughout the research process. The role of the computer becomes more important when the research is on a large sample. Computers play vital role in data storage and processing. Computers assist the researcher throughout different phases of the research process such as the conceptual phase, design and planning phase, empirical phase, analytic phase and dissemination phase. Computers help with searching the literature, creating a theoretical framework and formulating of hypothesis. In research studies, the preparation and inputting of data is the longest and most time consuming work but the computer helps to do it in comparatively less time. All branches of science, from biology to astronomy to meteorology, use computers to assist them with collecting, analyzing and modeling data. Breakthroughs in surgery, medicine, and treatments often result from scientist’s use of computers. Special software assists graphic designers in developing pages that include text, graphics, and photographs; artists in composing and enhancing songs; filmmakers in creating and editing film; and journalists and mobile users in capturing and modifying video clips. The use of computer-based software tools assist engineers and machinists in manufacturing or prototyping product components. Computers is one of the vital equipment in today's world. To make tomorrow's work force competitive in an increasingly high-tech world, learning computer skills must be a priority. Working with computers particularly using the Internet brings students valuable connections with teachers, other schools and students, and a wide network of professionals around the globe. Those connections spice the school day with a sense of real world relevance, and broaden the educational community. Thus, many people believe that the use of computer in education system is vital to success in today’s world. As technology continues to advance, computers are becoming a part of everyday life. Computers allow people across the world to communicate easily. They have changed the face of society as well. Computers are not only storage devices and processing unit but are also excellent communication media which can make the work easier and efficient in a very short period of time. Business and entertainment uses them to make profits, education uses them to help and educate students better, and the Medical field uses computers in many different ways and other areas. The world would be a dull and primitive place without computer technology. Computers, which have such a wide variety of applications, are indeed ruling society. To keep up the pace in this fast life of today, computer education is extremely important. Computers are an integral part of life and so is computer education. Therefore, computers have changed today’s society a lot in almost all fields, among which the education is one of the notable one. Computers are important in education because they teach to reconsider how people learn and what the nature of learning and useful information is. At this moment, no one can avoid the presence of computers in school as it has become a necessity in a lot of scenarios. The use of computers in education enables each student to tie-in the classroom objectives and make a connection to real-world applications. This emerging computer and the Internet technology give students and the teacher access to a world of knowledge.

Business to Nation Building Essay

There are three particular foundations sustaining any process that concerns nation building: government representing political leadership; civil society or the citizens of the country; and business or the economic sector. These three concepts must work together and as much as possible, work together harmoniously to drive the said nation-building process forward because they serve as the hands and feet of the nation. Business is the cornerstone of prosperity in society: companies create the resources that permit social development and welfare. Companies, through their commercial operations, actively contribute to progress in society. Obviously, the government alone cannot accomplish things especially its projects and programs on its own. Had it been capable, it would already have done it. Without the businesses around, the government wouldn’t work out the plans it opt to undertake because it needs funds coming from taxes and taxes comes from these establishments. The ability to produce an added value for firms – profit – is the basic prerequisite for business, but it is also a foundation for prosperity in society. Only profitable companies are sustainable in the long term and capable of creating goods, services, processes, return on capital, work opportunities and a tax base. This is what business does better than any other sector. Hence, companies’ basic commercial operations are the primary benefit they bring to society. Companies benefit society by: Supplying goods and services that customer cannot, or do not want to, produce themselves * Creating jobs for customers, suppliers, distributors and co-workers; these people make money to support themselves and their families, pay taxes and use their wages to buy goods and services * Continually developing new goods, services and processes * Investing in new technologies and in the skills of employees * Building up and spreading international standards, e. g. or environmenta l practices * Spreading â€Å"good practice† in different areas, such as the environment and workplace safety The role of business in the development of society can be described in many ways. In another point of view, they are sometimes referred to as the company’s corporate social responsibility. Corporate Social Responsibility is a less broad concept than civic involvement. Even though there is no set, internationally accepted definition, this is often described as a voluntary responsibility that transcends the demands of national legislation and includes the human rights and environmental and social issues. Another definition of CSR uses sustainable development as a starting point. In practice, CSR means that businesses meet the demands of national legislation and, where this is inadequate, look in addition to a collection of established, fundamental freedoms and rights that are globally recognized. CSR demands that businesses manage the economic, social and environmental impacts of their operations to maximize the benefits and minimize the downsides. Business is the ‘game-changer’ of today’s world. We are significantly dependent on them. Majority of our day-to-day activities are involved with an interaction with various kinds of businesses (whether you felt hungry and decided to buy food or you just went to a parlor to have a haircut). But what’s good to know is that they do not benefit from us alone whenever we pay their goods or services but they give mutual advantage for the welfare of the greater society by having their own share in nation-building, too.