With Reference to a Named Global Ecosystem, Assess the Global and Local Value of Its Goods and Services.

In: Science

Submitted By najlanoofan
Words 709
Pages 3
With reference to a named global ecosystem, assess the global and local value of its goods and services. (15 marks)

A global ecosystem is system, or a group of interconnected elements, formed by the interaction of a community of organisms with their environment. The ecosystem that I would be writing about is the coral reef in the Maldives. The main characteristics of a coral reef is that they are found close near the shore where the sea temperature is no more below 18 degrees or above 24 degrees. They cannot grow in water no deeper than 25m. The latitude that the coral reefs are found is between 30 north and 30 south which will explain why they are located in tropical oceans near the equator. Goods and services are the outcome of human efforts to meet the wants and needs of people. There are four named services, including product, supporting cultural and regulating. Value looks at the importance or worth of an ecosystem.

With reference to the coral reef in the Maldives the coral reef provides a cultural service for the country Maldives. This is because it brings tourism and enjoyment into the country which at a local scale is very good for the local economy. Therefore at a global scale it provides education for the tourists which they can therefore go on and share their knowledge of the ecosystem with other people in the world. However when the tourist visit the coral reef they tend to damage it by trampling, polluting and causing erosion which creates a threat to the local value.

The coral reef also provides a regulating service in the Maldives. The coral reef can act as physical buffers for ocean waves and currents because as the waves pass a reef structure their energy can be reduced which lesson their impact when reaching the shore. This protects the coastline from erosion, damage and loss of sea grass beds, mangrove forests, coastal settlements and…...

Similar Documents

Think Global Act Local

...Global strategy is now in the center of every company and to succeed, a leader has to think global. Nowadays, thanks to globalization, a great idea can makes huge success. The Kirkham’s case really show that point. Started with a car and an idea, they manage to become the largest private employer in a region of Poland. The important thing about global strategy is arbitrage, which means profiting from differences in prices in different market. A company can takes profit of national differences to be powerful. This is also linked to international production which is the most powerful driving force for globalization. A company is no more compulsory to produce next to the selling place but can produce its products in the country it wants thanks to international production and the development of quick way of transportation across the world. Of course global expansion and global strategy require a leap of faith. Set an organizational commitment to global expansion and a long term development plan focusing on international business induced to be totally involved in the project. Globalization gets a huge impact on national economies throughout the world. And China takes profits of this because it has made that leap. For instance China’s annual economic growth rate for the last 3 decades is over 9%. By adopting its open-door policy and started its economic reform in 1978, and entered the WTO in 2001, China showed to the world and to companies that it get a strategy of global thinking...

Words: 750 - Pages: 3

Think Global, Act Local

...issue and full text archive of this journal is available at http://www.emerald-library.com/ft McDonald's: ``think global, act local'' ± the marketing mix Principal Lecturer, Manchester Metropolitan University, Manchester, UK Keywords Globalization, Marketing mix, Marketing management, Fast-food industry, Marketing, Franchising Abstract Focuses on the marketing mix of McDonald's. Highlights how the company combines internationalisation and globalisation elements according to various fast food markets. Using the effect of strategical and tactical models, the case illustrates the effect of McDonald's on the global environment and how they adapt to local communities. Describes future franchise plans for McDonald's. McDonald's: ``think global, act local'' 97 Claudio Vignali Introduction McDonald's background Two brothers, Richard and Maurice McDonald founded McDonald's in 1937. The brothers developed food processing and assembly line techniques at a tiny drive-in restaurant east of Pasadena, California. In 1954, Ray Kroc, a milk-shake mixer salesman, saw an opportunity in this market and negotiated a franchise deal giving him exclusive rights to franchise McDonald's in the USA. Mr Kroc offered a McDonald's franchise for $950 at a time when other franchising companies sold restaurant and ice-cream franchises for up to $50,000. Mr Kroc also took a service fee of 1.9 per cent of sales for himself plus a royalty of 0.5 per cent of sales went to the McDonald brothers. The......

Words: 5829 - Pages: 24

Developing Global Strategies for Service Businesses

...Developing Global Strategies for Service Businesses. Author: Lovelock, Christopher H. Yip, George S. Source: California Management Review. 38(2): 64-86. 1996 Winter. Abstract  A study provides a framework for developing global strategies for service businesses. It integrates existing, separate frameworks on globalization and on service businesses, analyzes how the distinctive characteristics of service businesses affect globalization and which do not. It then applies the new framework to numerous industry and company examples, with particular emphasis on the role of information technology. Full Text  How do the distinctive characteristics of service businesses affect globalization and the use of global strategy? This is a crucial question for managers in numerous industries. Not only are services continuing to grow rapidly in domestic economies, but international trade in services is increasing, too. The United States, like some other developed countries, has a trade surplus in services that helps offset the deficit in merchandise trade. In contrast, Japan has been much less successful in internationalizing its service businesses.1 So it is essential to national competitiveness that governments, as well as companies, achieve a better understanding of how to develop effective global strategies for different types of service businesses.  Most research to date has focused either on why and how service firms internationalize or on different modes of internationalization.2......

Words: 5412 - Pages: 22

Motivation and Global Values

...MOTIVATION AND GLOBAL VALUES Chapter 4 MARS ONE 15–2 http://nyulocal.com/wp-content/uploads/2013/05/Mars_One.jpg http://cosmiclog.nbcnews.com/_news/2013/05/19/18305415-why-sign-up-for-a-one-way-mars-trip-three-applicants-explain-the-appeal?lite MARS ONE 15–3 127 HOURS 15–4  Aron Ralston 127 HOURS 15–5 127 HOURS 15–6 127 HOURS 15–7 MOTIVATION & THE BRAIN  One of the best “drug” dealers in the world is your brain.  Your brain is wired to release a shot of dopamine each time you achieve one of the following items, e.g.:       Eat Exercise Achieve Goals Take Risks Try something new Etc. 15–8 http://www.forbes.com/sites/lewishowes/2012/08/20/motivation-and-productivity/ ???  What is motivation? WHAT IS MOTIVATION?  Motivation  “Why a person does something”  Is the process by which a person’s efforts are energized, directed, and sustained towards attaining a goal.  Energy: a measure of intensity or drive.  Direction: toward organizational goals  Persistence: exerting effort to achieve goals.  Motivation works best when individual needs are compatible with organizational goals. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 15–10 NEEDS VS. WANTS WHAT DO WE NEED?  In a group, list what you need at the moment.  Categorize the needs based on:  Biogenic needs  Psychogenic needs  Status  Power  Affiliation  Utilitarian needs  Hedonic......

Words: 1160 - Pages: 5

Evaluate the Relative Importance of Global and Local Threats to One Named Global Ecosystem – 15

...Evaluate the relative importance of global and local threats to one named global ecosystem – 15 Coral Reefs are a unique ecosystem, which usually grow in conditions where the temperate is around 24c and in less than 25m depth of water. Coral reefs are homes to over 25% of known sea creatures and are an invaluable service for the local population as a source of food and income. Coral Reefs are under huge stress due to the impact that human activities are having and in fact already 1/5 of the world’s coral reefs are so damaged that they are beyond repair. A global threat, which is affecting all fragile ecosystems, including coral reefs, is global warming. Firstly, the average increase in global temperatures is leading to an increased rate of ice cap melting. The melting of the ice caps releases more fresh water into the oceans, reducing salinity. The increased water volume is also increasing sea level rise; coral reefs find it difficult to survive in over 27m depth of water. The increase in sea temperatures can also change the nutrient flow. Coral bleaching is a devastating side effect of global warming which affects the corals. Coral bleaching is permanent damage and is occurring globally. The effects of the bleaching are worsened during El Nino years; in 1990 almost 50% of the worlds coral reefs were severely damaged. The most damaged reefs were in the Persian Gulf where 65% had been destroyed, followed by reefs in South Asia where 45% and 38% respectively, were......

Words: 772 - Pages: 4

Going Global, Acting Local - Communicating Global Brands to Global Markets

...[pic] Going global, acting local - communicating global brands to global markets. Student Id : W12030873 Program : International Business management (Year 4) Course Code : IBM1BNN01A Module Code : MK0389 Word Count : 1997 Dead Line : 13/05/2013 Contents page Introduction 3 PART A: Promotion and Branding in Global World 3 Standardized and Localized Strategies 4 Case Study: Nike 5 Case Study: PizzaHut 5 Discussion 6 PART B: Future Environmental issue 6 Changing Social Trends 7 Case Study: Nike 7 Case Study: PizzaHut 8 Conclusion 8 Reference List 9 Introduction With the growing pace of globalization, companies’ marketing departments are faced with a substantial challenge of designing successful marketing strategies promoting their products and services (Keller, 2010). The ongoing academic debate has pointed out the tension between standardization and localization practices (e.g. Whatley, 2012). While the benefits frequently associated with the standardization practice revolve around the promotion of a single consistent message to the global market (Aaker, 1991), the localization paradigm emphasises the particular differences between individual markets and thereby the need to adapt marketing strategies to suit the needs of the local population (Gillespie, Jeanner & Hennessey, 2010). The aim of the presented paper is to......

Words: 2785 - Pages: 12

Using Named Examples Assess the Severity of Global and Local Threats to Biodiversity

...Using named examples assess the severity of global and local threats to biodiversity Biodiversity refers to the variety of species within an ecosystem and is something which is under increasing threats on both a local and global scale. An example of a global threat to biodiversity is desertification. Desertification is the process by which fertile, arable, land loses nutrients and life becoming barren. The Sahel region is an area which has been massively affected by desertification, especially since the 1950’s when farmers and other locals began to move into the areas which were habitable and used them as farmland. The farmers allowed their cattle to graze freely which resulted in overgrazing and thus having a severe impact on the biodiversity of the land as many plant species were grazed out of an area by the livestock. This loss of plant life due to over grazing has not only resulted in the immediate short term damage to biodiversity but also long term damage as the top soil loses all anchorage from the plant roots causing it to blow away or be washed away leaving bare rock which plants can’t grow on naturally in the future. Due to both the short and long term effects of desertification I believe it is one of the most severe threats to biodiversity on a global scale. Another global threat to biodiversity is climate change. Climate change is the changing of global temperatures over a long term scale, primarily caused by the greenhouse effect and the enhanced greenhouse...

Words: 1184 - Pages: 5

Assess the Relative Importance of Named Players in the Global Supply of Energy.

...Assess the relative importance of named players in the global supply of energy. (15 marks) Energy supply is the delivery of fuels or transformed fuels to point of consumption. It potentially encompasses the extraction, transmission, generation, distribution and storage of fuels. There are a number of players involved in global energy supply including TNCs (Transnational Corporations), organisations such as OPEC (Organisation of Petroleum Exporting Countries), governments and consumers. All of these players are stakeholders in the energy market and have varying degrees of importance and influence. Energy resources are not evenly distributed across the globe, certain factors such as geographic location/relief of the land, economic ability for extraction, technology available and demand for said resource. The Middle East and Africa are the richest regions in Oil, the Middle East, Europe and Eurasia are richest in gas, and North America, Pacific, Europe and Eurasia are richest in coal. OPEC, the organisation of Petroleum Exporting Countries, is a very important player which controls the price and supply globally. It controls 3rd of the world's oil reserves, making it a very powerful player. It is a powerful cartel which has a lot of influence over global energy markets. It aims to regulate oil prices and make the price of oil more stable. However, it is accused of holding back oil in order to increase the price of oil. Dramatic rises in the price of oil from 2002 onwards......

Words: 947 - Pages: 4

Ethics and Values in a Global Setting

...Ethics and Values in a Global Setting Daniel Reeves CMGT/530 May 30, 2011 LYDIA BELL Ethics and Values in a Global Setting As more businesses broaden their reach by exploring the global market. Leaders should realize the importance of personal values when hiring candidates to represent their organization. This is done by Identifying individuals personal values. According to Heathfield (2007) article, Secrets of Leadership Success, “Values provide the basis for judgments about what is important for the organization to succeed in its core business.” Organizations can complete this by implementing a value system assessment of personal during the hiring process as well as throughout their employment. This way they can compare and monitor all changes over time. The next step is to align the values and ethics of individuals with the values and mission of the organization. This step is important because no one should be forced to represent something or someone they don’t believe in. Likewise no company should have to hire someone who does not believe in or support the values and mission of there organization. There has to be a common ground. Once this is reached organizations can take there values and mission and explore the global market. As we enter the global market, we see how are personal ethics and values are used differently. We know as individuals are personal ethics and values are a set of established rules that govern how we live. This is the same mindset of......

Words: 596 - Pages: 3

Using Named Examples Assess the Severity of Global and Local Threats to Biodiversity

...Protocol is one of the global attempts that spell out the increasing concern of climate change. The urgency to act on climate change issues can not be ignored or denied. Past few decades have evidenced and strengthen its immense impact on every arena of sustainable issues of humanity (Climate trends 2007): ecological, economic, social /culture (‘sustainability’ is meeting the triple bottom line). Action should be taken by the governments to address this issue both on local and global levels. This paper identifies governments should focus on policy reforms in order to address climate change efficiently and effectively. These policy reforms should gear towards investing on human capital / knowledge capital, utilization of market mechanisms and institutional arrangements and utilization of social capital innovatively. However the negative impact imposed on economic growth by climate change control mechanisms is undeniable (Environmental center 2007), but it is short-term, in long-term it is a smart investment for the future generation: ensured sustainability. This will be discussed in Australian context. What is climate change? Climate change is ‘variation in the meteorological conditions, including temperature, precipitation, and wind, that characteristically prevail in a particular region’ (Google, 2007). The present focus is basically on global temperature changes which obviously lead to almost very meteorological changes. The science reveals that global temperature......

Words: 1284 - Pages: 6

Global Service Economics

...Global Service Economics 10.9.15 Development of national and regional society Mechanism in global economy including macro-economic condition Micro-economy (looking at a single tree) Try to observe ages of economy Macro-economy (looking at the forest) Understanding the whole society Business economics – start looking at the business and how it works * Revenue * Costs * Etc The law of supply: Everytime a price is raised, we are willing to produce/offer more “The law of supply is a fundamental principle of economic theory which states that, all else equal, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.” The law of demand: “The law of demand states that other factors being constant (cetris peribus), price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.” Important word: Scarcity Having less resources than we want ------------------------------------------------- Example 1.1: Why is the price for a big mac menu not the same in Denmark, Norway and the UK? Exchange rate Tax rate Salaries: Purchasing Power Market Different lifestyles GDP – Gross Domestic Product: good indicator of the wealth of a country - good to look at gdp per capita Y=C+I+G+(X-M) Yield......

Words: 952 - Pages: 4

Arcor: Global Strategy, Local Turbulence

... Shanghaï, November 2015 Global Strategy: Arcor global strategy, Local turbulence Executive Summary: The following analysis will focus on studying the international development of Arcor, an Argentinian company producing chocolate and candies. The confectionary industry is a competitive industry with some major actors sharing the market on very specific market segment . Arcor’s has adopted a low-cost leadership strategy providing “Good quality at an affordable price”. Their main strengths are their complete vertical integration (See exhibit 2), their efficient distribution channels and their production capacities. Arcor is growing at a strong pace and is expanding fast. However, the questions of which market and which distribution channels has quickly arisen. In order to provide more insights about the best market to penetrate, the historical strategy will be studied along with their competitive advantage. The consumers’ habits will be reviewed and the geographical specificities will be identified to highlight the key factors that will drive the expansion. Issues / Problems: The international expansion of Arcor has highlighted some weaknesses of his model. The first and major problem is the transportation costs that are very high ending up being higher than the local standards. A second issue comes from the absence of marketing which create a strong barrier when they want to penetrate market where the customers value the brand. A third issue is a lack of......

Words: 2466 - Pages: 10

Is It Good to Have English as Global

...Is it good to have English as global language? What is a global language? Does it mean that everyone in the world speaks English? This is certainly not true. Does it mean, then, that every country in the world recognizes Englis has an official language? This is not true either. So what? A language achieves a genuinely global status when it develops a special role that is recognized in every country. There are two main ways in which this can be done. Firstly, a language can be made the official language of a country, to be used as a medium of communication in such domains as government, the law courts, the media, and the educational system. Secondly, a language can be made a priority in a country’s foreign-language teaching, even though this language has no official status. It becomes the language which children are most likely to be taught when they arrive in school. Why a language becomes a global language has little to do with the number of people who speak it. It is much more to do with who those speakers are. Latin became an international language throughout the Roman Empire, but this was not because the Romans were more numerous. They were simply more powerful. And later, when Roman military power declined, Latin remained for a millennium as the international language of education, thanks to a different sort of power – the ecclesiastical power of Roman Catholicism. There is the closest of links between language dominance and economic, technological, and cultural......

Words: 576 - Pages: 3

Values & Ethics in a Global Setting

...Advantages and Disadvantages of Collaboration in the Workplace Teams and groups exist in all levels of industries and organizations. Groups can be small or large, local or remote, coached or self-directed. Teams are found at all levels of business, from a multi-billion dollar corporation that builds jets to a small waterpark employing lifeguards and clerks. Successful teams need some form of leadership, good communication, problem-solving skills, and a purpose. Successful groups can achieve tremendous results,. When teams work together, everyone is working toward one common goal and completing the project with successful results. Average groups do just enough to achieve a goal, and then there are groups that are extraordinary. They achieve superior results and team members come away from the group experience with a newfound respect of what he or she helped accomplish. A study revealed eight performance indicators linking extraordinary groups and group members agreed. Each team member agreed teams must: have a compelling purpose, a shared leadership role, team structure, full engagement among members, embrace member differences, learn the unexpected, build trusting relationships, and achieve outstanding results. Whether the team is for-profit or not, volunteers or employees, face-to-face or virtual, these eight indicators emerged (Bellman & Ryan, 2010). Athletics and businesses share many of the same qualities. The head coach sets goals for his team as does the business...

Words: 3154 - Pages: 13

Global Value Chains

...Stedelijke Economieën 1 Vakcode: 202.1 Curriculumjaar 2010-2011 Docent: Dr. P.J.F. Terhorst “Global Value Chains” Global Value Chains In de afgelopen tientallen jaren is de wereldeconomie flink veranderd. Gereffi et al (2005) stellen dat deze veranderingen vooral plaatsvonden op het gebied van internationale handel en industriële organisatie. Twee belangrijke kenmerken van de huidige economie zijn de globalisatie van productie en handel, en de verticale desintegratie van transnationale corporaties. Dit houdt in dat deze corporaties zich focussen op de ‘core-competencies’ van de corporatie, vooral de onderdelen die de meeste waarde toevoegen, en zij minder belangrijke onderdelen van de corporatie externaliseren of uitbesteden. Dit proces van externalisatie wordt ook wel fragmentatie genoemd. De twee bovenstaande veranderingen hebben de basis gelegd voor een verscheidenheid aan bestuurs- en coördinatiemogelijkheden over een dergelijk netwerk van activiteiten. Zo’n netwerk wordt ook wel een ‘value-added chain’ genoemd. Bij deze keten horen alle processen bij welke technologie wordt gecombineerd met materialen en arbeid, waarna dit wordt samengevoegd, aan de man wordt gebracht en gedistribueerd wordt. Dit essay beschrijft enkele theorieën over het coördineren en besturen van netwerken die uit een value chain volgen, hoe deze netwerken te maken hebben met clustervorming of juist verspreiding. Ook wordt er nog gekeken naar de......

Words: 3437 - Pages: 14