According to Adamkasi (2016) airline industry has affected negatively by increased security measures especially with the 9/11 occurrence. “The terrorist attacks known by their date, September 11, led to a global recession, with the depression of the consumers”. Economic Analysis Economic analysis addresses a number of factors that influence the entire economy. However, some of the factors of economic are the rate of inflation, unemployment rate, exchange rate the price of goods and services, the rate of interest that is charged on capital and investments, foreign exchange rate and economic growth and development. However, research has indicated that Virgin Atlantic has encountered stiff competition from other companies in the industry, for instance, they were once forced to lower the rate of their flight which follows a review of prices for air travels by their major competitors which include British Airways, Fly emirates, and Qatar Airways.
It had all kinds of effects in countries that were rich and poor. Cities and countries across worldwide markets that were hit extremely hard, countries that were especially hit hard were those that were dependent on heavy industry. Other sectors also hurt were construction, farming, mining and logging. But in some economies they had started to recover by the mid-1930s, but for many countries, the negative effects that the Great Depression had lasted until the start of World War 2. The 2008-2009 Financial Crisis The 2008-2009 financial crisis was the worst financial crisis since World War 2, it had threatened the total collapse of large financial institutions all around the world, which in return was prevented by the bailout of banks by national governments.
Environmental factors include weather, climate, and climate change, which may especially affect industries such as tourism, farming, and insurance. There has been a great pressure on the organizations and management to act in a socially responsible manner to keep the environment safe. Organizations impact the environment in both direct and direct ways. Sainsbury has taken an initiative in this area by championing in their ‘Reduce, Reuse, Recycle ' approach that effectively manages waste, packaging and recycling. They are also working to reduce their operation carbon footprints.
With increasing temperatures many ski resorts are having a hard time staying open. With the skiing industry being nearly a 2 billion dollar industry this certainly bad news. We need to be able to slow the rate in which climate change is affecting our world or else we are going to have a big issue on our hands. Recently there have been a lot of issues with
When changing a company’s organizational culture may goes well Changes in technology, the markets, societal values, workplace dynamics and the global economy have all contributed to creating an external environment that is constantly on the move, unpredictable and often devastating for companies that are unprepared or unable to respond accordingly. Many companies today are thus forced to either change or adapt their organisational culture to keep up. (Burnes, 2004) Furthermore, with global mergers and acquisitions at a seven-year high in 2014 (Roumeliotis, 2014) and set to increase further due to companies’ desire to outdo rivals and widespread investor support for such deals, knowing how to manage changes in organisational culture has become
Climate change has within the past twenty years come to be extremely important to the world we live in. It has been observed that not only have temperatures been changing, but different locations throughout the world are experiencing weather patterns that were otherwise abnormal for these locations. In California, although wildfires had always been an issue, this problem has grown much more serious than in previous decades as there has been more extensive droughts. This is not the only example, in many places such as the arctic polar ice caps are melting and in island regions such as Guam, the ocean is becoming more acidic, destroying the coral reefs and sea life. Although there have always been minor changes in climate over time, the extensiveness
First of all, from financial crisis to the economic level, a direct impact on exports. In the field of economic upheaval brought people psychological change, they are increasingly losing a sense of security. John Lipsky (2008) said, “it is conceivable that the harm of it how much deep is the people of the world must face a major challenge”. The financial crisis has a direct impact to the individual life. Inflation, business failures, economic difficulties to reduce people's ability to pay, this not only makes the increase in the number of people cannot afford the mortgage,
A dangerous atmospheric deviation is one of the greatest environmental challenges that face human today. One of them is the global warming. Harmful gases are the main causes for this problem as they pollute the atmosphere, subsequently cause global warming. Also, the increase in the usage of chemical fertilizers in agriculture is very dangerous that it helps in causing this problem too. Accordingly, human health will be badly affected, and people migrated from their countries.
Classical buildings on the Acropolis in Athens show extensive decay or chemical weathering that accelerated in the 20th century as a result of air pollution in the form of with SO2 and NOx emissions, and other acid producing substances in the atmosphere. This problem has escalated to such an extent that buildings require restorations, protective coatings on statues, and other monuments have to be replaced quite frequently at very expensive costs per year. Stone decays about twice as fast in cities than in rural areas. This damage is mainly as a result of acid rain, humidity in the atmosphere, as well as from corrosive groundwater. This means that measuring the rates of stone decay can tell us something about the changes in the pH of rain and groundwater in different regions and years.
The serious problem crippling the auto industry is that manufacturing of the various parts is hazardous and puts huge amounts of waste and pollutants into the landfills, thereby polluting the atmosphere. Even though this problem is there from the very beginning of industrialization, it had till the beginning of this century gone unrecognized, or at least had appeared unimportant. However, with the growing concern of global warming and the fact that various governments are working hard to lay out a framework for the climate change, the consumers are getting conscious of the well-being of their environment which
In Reagan era, gas production soar, where in Carters, gas production decline. The environmental and energy crisis of the 1970s did lead to the decline in the United States. Americans dependence on domestic and foreign oil correlated to oil being limited and not always, readily available. Although, there were many alternative solutions to petroleum, for instance nuclear plants and coals, the results were not favorable. The environmental and energy crisis of the 1970s still constrained the United States today with more smog, landfill waste, and gas prices risen and
Under the assessment and evaluation of current environment situation, the federal government have developed the Pan-Canadian Framework on Clean Growth and Climate Change and other collective actions to address climate change. Under the federal consideration of climate change, there exists four pillars including pricing carbon pollution, taking action in each sector of the economy, adapting to climate change and supporting clean technologies, innovation and job creation. As carbon pollution is the majority factor influencing climate in earth, much attention has been put on this area. In order to control the carbon pollution to climate, government will collaborate with the territories and indigenous people to assess the practice of carbon
Recent climate change has never been a topic without global controversy. With the enormous impact stirred up, from economic loss to environmental disturbance. The ballooning attention to the issue has also triggered fierce discussion of the effectiveness of individual effort in the remedy of the gradually deteriorating environment. In the light of over-exploit natural resources by developers, there are a lot of people accusing the big businesses as the culprit and the biggest liability bearer. Monitoring waste disposal from industries, and establishing strict benchmark for pollutants emission would be the first priority in the imminent situation of Earth rescue.
Climate change will affect communities in the north by destroying the best way to transport things. Finally, the sea level rise and flooding is a big problem people-wise. Flooding causes millions in damage that sometimes cannot be reversed. Flooding is encouraged by climate change because of the increase in moisture trapped in the air, and rain happening earlier in the year and falling on still frozen ground. Houses being destroyed by increased water also leave people homeless and cost a lot to fix.
Global Warming is the most controversial issue that we face today, because throughout the years we have been releasing greenhouse gases that are harmful in the long run and will affect the future generations. The temperature throughout the twentieth century has been increasing steadily by 1.4 degrees Fahrenheit a year. The cause of global warming is from the release of gases called GreenHouse gasses such as carbon dioxide, methane and several more. Factories ,cars, and other working companies release these gases while extracting fossil fuel from the earth 's crust. Alternatives sources of energy can be implemented because if we keep on using energy that releases these GHG then we might tear up the ozone layer.