Sunday 20 September 2009

First Business Article

1) Source
http://news.yahoo.com/s/afp/20090920/wl_asia_afp/chinaenvironmentwaterenergy

2) Summary
China is rapidly moving ahead with the development of renewable energy sources as they are expected to nearly double their hydro-power capacity to 300,000 megawatts by 2020. This expectation would give a more important role in China's strategy for energy security in the future. Moreover, just last year, 2008, this nation has installed the largest hydro-power of 172,000 megawatts in the world Ultimately, China hopes to reduce the use of the dependent highly-polluting coal as it is used for 70 percent of its energy in China. Although there would be a huge expenses involved in doubling their hydro-power capacity to 300,000 megawatts, China believes that the development of renewable sources such as wind and hydro-power in a bid to improve the environment and to secure future supply.

3) Identify Topics
1.3 Organizational Objectives
2.1 Human Resources Planning
3.2 Investment Appraisal
5.5 Location
5.8 Project Management

4) Business tool / Theory/ Technique
1.3 Organizational Objectives

One of the main ideas in this article is that China aims or expects to nearly double their hydro-power capacity to 300,000 megawatts by 2020. This idea is tightly related to one of the business theory "aim or objective". China expects to double their hydro-power capacity in the next 11 years is considered as a long-term objective. This requires the government to use a lot of different strategies in order for them to achieve this goal. Furthermore, setting this objective gives China a sense of direction and be more united. Additionally, This article can also be related to ethical objective and corporate social responsibility. The fact that China aims to reduce their use of coal, which is a non-renewable and a serious polluting source of energy, shows that they care for their people and hope to improve the country's air quality, providing a better place for their citizens to live in. In this same time, the fact that China aims to reduce pollution shows corporate social responsibilities. The pollution is a serious matter that affects the citizens in China. However, China, having this expectation of using renewable energy sources and reducing the use of coal to reduce pollution illustrates a sense of initiative. This will not only create a positive image for China but also gives this nation more advantages in the world stage.