's State Council announced new plans and guidelines that are aimed at promoting the development of the industry over the next five years. This is an attempt to improve the employment rate in the country since the tourism sector consumes fewer resources while generating job openings. The government is hoping that tourism will become a leader industry in the national economy.
globalEDGE Blog - Page 277
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Over the last year or so, we’ve been working on a few different projects that we hope will make globalEDGE more useful to more people. A couple adjustments were implemented only recently, and I’m sure you’ve already noticed a few changes in your day-to-day browsing experience (the new formatting and sorting options in are my personal favorites thus far).
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Professor and author C. K. Prahalad explores how General Electric took a local innovation in the , one designed to help those in the poorest and most remote villages in India and China, and turned it into a global, game-changing product. In his book, The Fortune at the Bottom of the Pyramid, he argues that this is no anomaly, but rather the future of innovation.
The aim of reaching a broader market with the EKG turned into a more efficient, cost-friendly product. Should companies be taking more of a look at developing innovative products to help the rural poor? Could these innovations spread to the global market as well?
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Luxury brand sales have been hit especially hard by this recession. Since people are so worried about paying their bills, that in turn makes expensive jewelry and high end hand bags seem frivolous and unnecessary. Luckily, some high end brands have had success internationally.
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It’s often difficult for those in the to determine what consumers want. The industry is such that the consumers have very fickle tastes, and this makes for quick trend shifts. While organic foods were popular in 2008, the recession led to a return to inexpensive comfort foods in 2009. With the economy in recovery, what can we expect in 2010?
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This week, multiple companies are battling for control over 15 fields, located in Baghdad. These fields contain at least 41.121 billion barrels of oil. This is the biggest cut of Iraq's existing oil assets of 115 billion barrels in decades! A total of 44 companies, which include Exxon Mobile Corp, Chevron, and Britain’s BP Group PLC, will be placing their auction bids this week. After all, how could they pass this up?
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I recently attended a Global Business Club luncheon in Lansing, . The main speaker was Andrew Mangan, the Executive Director of the . He talked about a plethora of topics surrounding sustainable development on a local stage and global stage. What is this ? It is a term most everyone has heard, but it holds many implications for the future. Simply put, for a business it means that it can thrive in the long term.
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Companies all over the world are feeling the pressure to make more efficient products and packaging. With the media picking up any story about ‘greener’ products, it also gives incentive for some free, very positive, publicity. Unfortunately this sounds much simpler than it actually is. Many companies have been working at this for years. Luckily, there has been some amazing progress.
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The is undergoing significant trend shifts, one of which is a move towards more environmentally-friendly packaging. Many customers are demanding less material waste in the supply chain area of the industry. Complicating matters in the international spectrum is the fact that every country has different regulations regarding what's acceptable and what isn't. The key, then, is to find forms of packaging which comply with more of these regulations and can ultimately make the supply chain aspect of the Food and Beverage Industry more streamlined.
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Going green has become a global event. Billions of dollars are spent every year to improve our environment, better businesses, and to improve customer service. In 2010, the amount of global in alternative energy projects will increase from $130 billion to nearly $200 billion! Too bad it isn’t cheaper to be eco-friendly! Even so, multiple projects are being funded and new technologies are being introduced on a day to day basis. These include clean coal, wind turbines, solar, and hydroelectric, just to name a few.