Role of Entrepreneurship and Innovation in the Current Banking Crisis Essay

Role of Entrepreneurship and Innovation in the Current Banking Crisis - Essay Example Innovation and entrepreneurship have played a significant role in the current banking crisis. Innovation is a change in product, service or the method of production and marketing, with the aim of improving competitiveness of a business in the market. It can be done continuously in the production process, involving introducing minor changes in the product so as to ensure the business is always ahead of other competitors in the market. (Feldman, 2001:21-24). Entrepreneurship on the other hand is the process of undertaking the risk of obtaining goods and services at a particular cost and selling them at predicted prices. It is the process of combining many factors of production in the creation of new enterprises. Innovation and entrepreneurship are very important for human existence. They have made humans to advance to the current state whereby life has been made easier and essential commodities have been made available. Technological advancements through innovation assist in production of goods and services in a more effective and well-organized manner. Innovations in communic ation and information technology have made the world to be a global village, making international business a haven for entrepreneurs. The research process involved collection of theories and concepts in entrepreneurship and innovation from various academic materials such as books, journals, online articles and magazines. The information was carefully analyzed and its relevance to entrepreneurship and innovation assessed. A critique of different approaches in entrepreneurship and innovation provided definition, importance of entrepreneurship and innovation in general as well as the role of entrepreneurship and innovation in oligopolies. Conclusions were drawn from the results of the analysis of the information gathered. Â  

Animal Ethics and Environmental Ethics Essay Example | Topics and Well Written Essays - 1500 words

Animal Ethics and Environmental Ethics - Essay Example There are two model approaches, through which the environmental ethics conception of wild animals is viewed. Both approaches place attention on the problems facing the endangered species, though they advocate for different rationales, in the area of giving animals preference, as opposed to the protection of the ecosystem at their detriment. First: is the anthropocentric view to wild animals, which seeks to guard endangered species from the destructive activities of humans. The second approach is the eco-centric model, which places attention upon the existence and the effects of wild animals, within the intrinsically valuable ecosystem (Des Jardins, 1993, p. 4-6). Discussion The key problem with adopting a perspective, which is informed, primarily, by intrinsic environmental ethics is that, such an approach, fails to fully consider the sentience of the wild animals benefitting from the ecosystem. The concept of consciousness or sentience is based on the fact that their interests shoul d be felt and perceived. Through failing to adequately recognize the sentience of these creatures, for instance, the kangaroos, the policy and laws in operation pay insufficient regard to the ethical needs of kangaroos as conscious beings. However, the notion that there is a conflict between animal rights and environmental ethics chiefly relies on a number of misconceptions about these animals and their effects on the ecosystem. For instance, in the case of the kangaroos, the misconceptions are evident, in the conception of their impacts in the areas of total grazing demands, populations, and sheep replacement. As evidence, Fisher Et al (2003, p. 1801-1808) argues that the effect of Kangaroos is immense on rangelands environs, where pressure on grazing land is evident. This is a misconception, mainly because the pressure on grazing land is not caused by kangaroos alone, but other animals like sheep as well (Des Jardins, 1993, p. 19-21). The moral status of animals is one major quest ion in this debate, mainly because; the question of the distinctiveness of humans, which earns them moral status is raised – and not that of the non-human entities in question. Answering this question is of great importance, among philosophers and the defenders of the rights of animals. In part, answering this question will aid humans to better understand the nature of human beings and the rightful scope of the moral obligations of humans. Some proponents of the debate argue that answering this question will help distinguish the value of humans as opposed to that of other parties of the natural world. However, this approach is considerably aimed at propagating the rightfulness of certain human activities towards the non-human creatures – especially, those that cause discomfort, suffering, pain and death to these entities. The other group – on the other hand – is of the opinion that answering the question will help humans justify granting moral considerati on to these nonhuman entities, namely animals and plant life. This is based on the philosophical consideration that despite the differences between humans and nonhuman animals; these differences do not justify denying these nonhuman entities moral consideration. However, the basis of moral considerati