Ethical, Social and Environmental Standards and Practices of World Essay

Ethical, Social and Environmental Standards and Practices of World Bank - Essay Example The World Bank cordinates with a multiplicity of actors that include government agencies, civil society organization and private sector; thus, high degree of Ethical, Social and Environmental Standards and Practices should be maintained by the World Bank. Social and Environmental Standards and Practices The World Bank has received serious criticism from international and internal level because of the inequality of distributing funds to the need countries. Thus, it has changed its policies as it has persistently been developing new and diverse methods to support socially and environmentally sustainable development by involvement in World Bank projects. There are formulated safeguard policies that are compulsory strategies for every decision, or measure undertaken by the World Bank representatives (Marshall, 2008). The aim of these safeguards is to keep certain social and environmental standards in projects that are managed by the World Bank. Thus, social and environmental soundness is currently a crucial requirement in the project’s valuation of progress, especially for the loan agreement. Although, there is always interference of political and economic activities, the World Bank article of agreement demand that a measure be economically efficient and avoid political considerations. Meanwhile, there is a stronger connection between social and environmental considerations; the World Bank gives the social and environmental rights more weight than the economic development. Manske and Frey (2004) indicate that the environmental standards have to be compiled in every internal or external of World Bank decision and development measures with emphasis on the ecological aspect that act as conditions in a loan agreement. The environmental standards comprise the considerations of labor, health, safety gender and community issues of the developing countries. They contribute to promotion of democracy and human rights because the political awareness and participation i n activities of ecological concern is maintained. Thus, the World Bank has active responsibilities in setting social and environmental standards and promoting exceptional corporate governance. Its key principles are a standard for the financial industry in managing social and environmental issues in projects financing. The organization supports the management of social, environmental of its members, and signed corporate governance approach to promote reasonable governance practices. The approach supports the right and equitable treatment of its members on matters of social and environmental issues. Meanwhile, it supports the disclosure and transparency of the information to its members with a suggestion of the duties of representatives. According to Manske and Frey (2004), the transparency and disclosure of the information provides extra reputation to transparency for the natural resource development among the members. The disclosure of information of dangerous population to its mem bers has helped these members to implement various measures to stop the carbon emulsion into the environment. The organization has managed to introduce flexibility that is vital to customers because it comprises varying capacities and diverse financing products to its members. It enhances effectiveness and strengthens the significance of safeguards in changing its member’

Business plan Essay Example | Topics and Well Written Essays - 1500 words

Business plan - Essay Example This piece of paper presents a brief business plan of studentevents.com, describing the business objectives, mission and vision of the business and analyzing projected financial performance. This paper addresses the conceptual framework related to various components in a business plan and are applied to the example of studentevents.com. StudentEvents: The Business Rationale An effectively prepared business plan must be able to describe the proposed business venture in terms of the products or services it provides, available resources and business opportunities (Leach and Melicher, 2008, p. 74). It means that the what, where, and why explanations about a business is critically important aspect in a business plan. As far as StudentEvents.com is concerned, it is small start-up company with six full time employees. Five of them are expert and qualified in computer engineering and software development and one is an educator who can update the company regarding trends, seminars, events, ac ademic sessions, syllabus components, tuition program, etc that are important to education and students around the world. Though plenty of websites attract students for chat with friends, none of them are found user-friendly and convenient for online sharing of events and parties. StudentEvent.com is not just an alternative to a social network, but an extremely useful database wherefrom students can obtain information about competition, event and programs that they may benefit attending. The image and video sharing of school-programs also will certainly attract wide numbers of customers to the website. Business Objectives As a critical component to business plan, the business objective need to cover both long and short term expectations and these need to be measured in terms of money or other tangible means (Ochtel, 2009). The primary objective of the company is to provide students with opportunity to get connected with others and to share their memories of school-events. From a bus iness point of view, it will target students, design a service wherein they can entertain, increase the traffics and commercialize this with a view to benefit the investors. Mission Statement This is meant with a view to continually add vitality to students’ life. We would like the students get connected with others and share their feelings of happiness and mishaps they experienced with various events or celebrations within their school or college campuses. Success Measures StudentEvents.com will take measures to ensure greater success in its business. The company aims: To facilitate access for students to the website to update with parties, events and celebrations, To help students organize birthday or valentine parties to friends online by automated-email messaging, To arrange summer campaigns, study tours, graduation ceremonies etc through specific online gaming arrangements To take dynamic business strategies to retain the visitors and increase traffic to get more marketi ng advantages. Marketing Plan Marketing Mix Elements Today’s business environment is rigorously competitive. No matter