State of the World Business and Economy: Management Priorities

1. State of the WorldBusiness and Economy: Management Priorities Melissa Losey, Juan Ortiz, Abbey Baker, & Oscar Cardenas

2. Information Overview Abbey Baker

3. Adapting Institution for Life in a Full World • The view we have now emerged during the Industrial Revolution • Our technology growth has led us to hold a larger population, and made a “full” world • When laws were formed to handle the new ideas and growth, the current problems we have now we not even considered • Why does the current regime not work • There is no unlimited resource or energy supply • Unlimited resources and energy does not increase well being • Today’s institutions are met to fill a small need and not the full world • How do we go about fixing the situation • Redefine well-being metrics • Ensure the well being of populations during the transition • Reduce complexity and increase resilience • Expand the “common sector” • Use the Internet to remove communication barriers and improve democracy

4. Sustainable Work Schedules for All • Its not just about the environment, but the people in it, and the time they spend • Time-stressed households have a large ecological footprint • Is productivity really good? • More people in the work force, more hours being worked, more productivity • More hours work=bigger footprint • More work, less sleep, more health problems, and more money into the environmentally harmful medical world • Busy schedules mean less time for family and community participation • Healthy middle class came from shortening hours • The economy could sustain it based on past history (Great Depression and recent economic change)

5. Changing Business Cultures from Within • Mindset that we still hold was great when we had expanse resources • We need to start change by changing our goals • The business itself needs to change, not just the products • The process of Change: • Awakening: defining the vision • Cocooning: creating the road map • Metamorphosis: aligning the organization • Emergence: ongoing integration • Engagement: influencing others • Its not about being faster or better…its about being different

6. Social Entrepreneurs:Innovating Toward Sustainability • There is strength in non-profit organizations • Social Entrepreneurship is a leading trend in the current business world • When the people demand change, businesses change. We should run the institutions not have the institutions run the individuals • Local Efforts have Global Impacts • The key to successful social entrepreneurship is persistence • Find a balance between Economic growth and Quality of Life

7. Relocalizing Business • Its not about the big picture but rather the local town. • This idea is not new, just forgotten and has a strong source of potential • Goals in the localization • Sustainability- new definition: community should meet its current and future needs without compromising that community’s future generations needs. • Prosperity- local businesses spend more money locally • Efficiency- When you care about who you work for, what you work on, and where you work…efficiency increases • A large part of the problem is the mindset of the consumer, they no longer have trust that their local market can fulfill their need

8. Refuting Concepts Melissa Losey

9. Concept #1: We could just as easily center the global economy around sustainability as we now center it on consumerism. • Refute: The general public will never respond well to a global movement that could possibly detract from their personal lifestyle. • I think if globally, the population was to understand just why sustainability is important to their daily lives, it would be a lot easier to move in that direction. However, it is way too easy for the majority of the population to take the easy way out.

10. Concept #2: Our world today is a full world. • Refute: If the world today were truly full, the population would cease to expand because there would not be enough resources and space to accommodate them. Plus, we could not continue to develop, as we are. • Personally: I do not know if it is correct to say that the world is “full”. I do know, however, that the world is being drained of much of its important resources. Also, if we do continue to encroach on the small percentage of this earth that is undeveloped land, we will certainly be in trouble.

11. Concept #3: We must create sustainable work schedules for all. • Refute: If we take work hours away from hard working individuals who need and want the hours and the pay, and we distribute them among the public and people who do not necessarily have the same desire to work, businesses will suffer negative effects. • Personally: I think that if we are to implement sustainable work schedules, it should be by choice, not mandated. Those who want to work long hours, should be able to.

12. Concept #4: Businesses must adapt their entire visions and business plans to make sustainability the overall objective. • Refute: Doing so would be very expensive and might reduce the amount of profit for a company by a huge percentage. • Personally: I believe that changes in this area of business should really start small and move forward in steps, instead of drastically changing at one time, to balance things out.

13. Concept #5: companies should make businesses smaller and local businesses should be developed to support their area they supply. • Refute: buying locally is expensive and buying from big chains is much more convenient. • Personally: if local businesses were bought from at a higher rate and utilized by local residents, the cost of these goods would go down. Especially if local large organizations (schools, hospitals, etc…) were to utilize the local companies goods as well. It would take some time, but would be effective for the local economy and would reduce the ecological footprint.

14. Local and National Examples OscarCardenas

15. Local Business Going “Green” • Ron’s Painting • Paint World • Zero Tap- Sanibel • Carpet One • Florida Gulf Coast University

16. 1. Bank of America 2. Ceres 3. General Electric 4. Dupont 5. Innovest 6. McDonalds 7. Home Depot 8 . Anheuser-Busch 9. Pratt & Whitney 10. Starbucks 11. Wal-Mart 12. Tesla Motors 13. Coca-Cola 14. Enterprise Rent-A-Car 16. Dell 17. Target 18. Brooks 19. Honda 20. Continental Airlines 21. Tesco 22. S.C. Johnson 23. Goldman Sachs 24. Hewlett-Packard 25. TJX Companies Big Business that “Went Green”

17. Information for Management Majors Juan Ortiz

18. The Business Side • From myself being a business major I now see both side, I see how we are taught to do what is most profitable and most affordable. These days we do so many things to this world and it is really hurting it. Business are doing things such as expanding and making more and more waste that our world can’t handle. But the only reason we are doing this is because that is what the company can afford to do.

19. The Environment Side • Now as we take Colloquium I get to see how we should spend a little more here and there to keep the world green and healthy. When the world was put here it was able to sustain itself. Most major business men and women probably do not even thing if the world and support the extra trash that they or now having to dispose of because they’d rather save money when dealing with portioning out and caring for the environment.