Business management Essay Example | Topics and Well Written Essays - 3500 words

Business management - Essay Example Without doubt, scholars have focused on understanding the structure of the electricity industry because it contributes significantly to the United Kingdom economy. This paper will describe the current structure of the electricity industry in the United Kingdom and highlight its contribution to the economy. In addition, the paper will discuss how sustainability affects the business plan of Centrica, one of the companies in this industry. The United Kingdom Electricity Industry has undergone a rigorous transformation process after the privatization efforts of 1989. Privatization of the industry brought forth two types of changes. It led to the privatization of most of the companies in the industry, a factor that introduced a high level of competition. Prior to the privatization, many companies had operated in the public sector. After privatization, it was only logical for the industry to undergo complete restructuring. Some of the objectives that triggered the restructuring of the industry included the creation of a highly competitive electricity market in the United Kingdom. In addition, restructuring would serve to present the industry with financial independence, terminating the reliance on the government. Other supporters of the restructuring process highlighted that it would allow a wider share of ownership. Restructuring of the industry also enabled employees to be actively involved in the success of the differ ent companies. Most importantly, the restructuring of the industry brought forth new realms of possibilities. For example, customer choice became a possibility, and the process separated the monopolies that had existed in the electricity business (Electricity Industry Profile: United Kingdom 2014, p. 29). The privatization reforms in 1989 focused on changing ownership from state to private companies and transferring employees

Week2 Essay Example | Topics and Well Written Essays - 250 words

Week2 - Essay Example While it is true that MNEs and IGOs are playing an exponentially increasing role globally, it cannot be accepted that they â€Å"are supplanting,--- traditional nation-states as the primary economic and political units of world society† (Author, 3). States still retain their roles, and protect their self-interests: China’s exchange-rate policy exemplifies the power of the nation state. Again, particularly in democracies, electoral issues and vote-bank politics often over-ride global compulsions. The skeptic’s stand that â€Å"globalization is a myth† (Michael, 4) is likewise too extreme for my thinking. Skeptics equate globalization with â€Å"a perfectly integrated worldwide economy† (Author, 5). However, globalization is not just a matter of economics, but also interconnectedness in the spheres of science, medicine, arts and humanitarian welfare. Regional and local power centers are very much a part of the global framework, but these trading blocs and nation states are certainly not immune to international pressures. Again, the global pressure successfully exerted on China in the case of the activist, Chen Guangcheng, illustrates this point. The transformationalist approach, which strikes a balance between the hyperglobalist and skeptical schools, appeals to me. It accepts that â€Å"globalization is a central driving force behind the rapid social, political and economic changes that are reshaping modern societies and world order† (Author, 7). It submits that there is as yet no â€Å"borderless economy† (Author, 3). At the same time, it concedes that international businesses cannot evade national regulations. It supports my stand that the world is not yet fully divided nor fully integrated. Mainly due to technological advances, the impact of any event is felt on life in all parts of the globe. While the world has not yet become â€Å"a shared social space† (Michael, 3), it is continuously being transformed and