The removal of restrictions and tariffs from imported goods and services, business owners within the Caribbean can captivate on this advantage and have a reduction in the cost of operating their business on a daily basis. This improves the profit margin within the businesses which therefore generates revenue within the country. Furthermore, open regionalism gives Caribbean business owners the opportunity to take full advantage of the different markets that are opened up through this concept. Caribbean entrepreneurs can diversify their businesses through the access to resources necessary through the worldwide market that has been opened up to them. One example of this is businesses outsourcing from Indian employees that work within their country through technology for various day to day business transactions such as accounting, telecommunications and medical
They believe that sustainable enterprise development can reduce and better conditions of poverty and unemployment through economic empowerment and uplifting the quality of life of disregarded and disadvantaged developing entrepreneurs. Pick n pay has shown effectiveness of the CSR program by linking emerging and developing farmers to the Pick n Pay Stores. This has helped tremendously because the most challenging area for emerging farmers is the market access. Pick n pay has provided guidance and on-going mentorship for communities that run enterprises. This will especially help poor communities with their projects and activities in assisting them to be a success.
According to Harvard University, such trade agreements also encourage non-participated countries to reduce their trade barriers. Therefore as an example Sri Lankan manufacturer can purchase cheap raw materials from a country of the regional trading agreement and sell the products everywhere at a lower cost. RTA’s also can be used to introduce new instruments that can promote greater transparency and predictability under international trade policy. And through these trading agreements allies can receive rewards. Plus as it settles trade disputes it helps to maintain a trustworthy and peaceful trading environment within Sri Lanka and other neighbor
Hilton is using the strength in number to capitalize on the economy of scale. By powering learning through strategic partnerships, Hilton Worldwide can improve training for employees and increase performance. This will also ensure that the company provides the same training at a lower cost. All stakeholders will, therefore, support the idea. Also, internet penetration in the globe will make the plan acceptable.
The long-term relationship with customer brings win-win situation to both parties, which means DHL makes customer feel safe and happy, meanwhile customer gives opportunity to DHL to earn economic benefits. Hi-tech service seems to attract more and more potential customers. And all transport-related emissions of carbon dioxide would be reduced through DHL GOGREEN, it is an excellent green program to protect environment. Moreover, GOGREEN can be a typical demonstration for future generation, how we minimize environment effect in 3PL industry. Besides, if DHL can learn something complementary from other companies, or improve teamwork spirits it must be more another important competitive advantage.
Sustainable development can reduce crime, conserve valuable resources, reduce waste, attract viable economic development, preserve natural beauty and culture, and bring communities together. By educating other members of your community, and by taking action to ensure your local government understands the benefits of sustainability, you can do your part to help the environment, your community, and the future of the planet. In the end, there is no argument beyond a political one when it comes to sustainable development. Sustainable development is cleaner, has the potential to be more efficient, has long-term potential and is is the only way forward for a growing world economy. People already use a huge amount of the Earth's non-renewable resources to live their everyday lives.
The success of social entrepreneurs requires communities’ involvement in the regeneration process, therefore, social entrepreneurs can employ local communities and keep jobs within a local area. Apart from that, the community also have a better access on transportation and housing in order to address local disadvantages such as inability to rent a house and lack of access on public transportation. Vickers (2010) also mentioned that the advantages of social entrepreneurs in reaching the most deprived communities as a social factor that pull the society to improve the well-being. According to this evaluation, social entrepreneur is viewed as a part of development tool in improving societal well-being and attracting society to involve in the development process
“Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.” – Ban Ki Moon, 2013 Sustainable tourism, one that establishes a suitable balance between the environmental, economic and socio-cultural aspects of tourism development, plays an important role in conserving biodiversity. It attempts to minimize its impact on the environment and local culture so that it will be available for future generations, while contributing to generate income, employment, and the conservation of local ecosystems (“Defining Sustainable Tourism”, 2018). By doing so, sustainable tourism maximizes the positive contribution of tourism to biodiversity conservation and thus to poverty reduction and the achievement of common goals towards sustainable development. Sustainable tourism provides crucial economic incentives for habitat protection.