This report discusses the economic, environmental, and social impacts of operating a university in a new city. It also provides recommendations for students and universities to adapt to new environments.
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Table of Contents EXECUTIVE SUMMARY.............................................................................................................1 INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 For students studying a degree related to Business the first subsection should be The Economic Impacts..................................................................................................................1 CONCLUSION................................................................................................................................5 Recommendations............................................................................................................................6 REFERENCES................................................................................................................................7
EXECUTIVE SUMMARY Hospitality and Tourism plays a very important role in the industry and also includes various career paths. The tourism and hospitality industry is mainly influenced with the various factors which involve various issues Environmental, social, economic and other issues that are combined together tourism and organisational activities. INTRODUCTION A University is described as higher learning institutions that helps in providing different types of facilities for the purpose to teach and research and is involved in providing various academic degrees in a unique way. A person who has a interest in the company is considered to be the individual which is basically affected by the organisation. In relation to the universities, there are various stakeholders involved which can be categorised as external and internal stakeholders for the purpose to establish a university. In context to internal stakeholders it involves students whereas external stakeholders involve consumers which plays a very important role in the higher education for the purpose to meet the needs and demands of stakeholders. In relation to the report, it involves studying a degree related to Business in relation to the Economic Impact which further involves various issues such as job creation, opportunities for revenue generation and costs involved in the project. MAIN BODY For students studying a degree related to Business the first subsection should be The Economic Impacts. In relation to the economic impact, it basically comprises of the after effect of the event and its influence on the economy in a particular field which involves the entire world(Aničić and Bušelić, 2020).The economic impact involves various factors such as jobs, personal wages, business profits and business revenue. In context to the students who are studying a degree in relation Business had to face various challenges that includes various factors such as : Job Creation:The process of job creation basically comprises of various job opportunities which are available to the people who were unemployed and inactive in the past(de Freitas and Almendra, 2022).When it comes to economy, jobs creation plays a very significant role for the 1
purpose to increase the gross domestic product and is considered to be the major priority for EU social and employment policy. In order to improve the process of job creation, it is very important to take into consideration the various factors such as job creation statistics, spending on unemployment benefits, job creation and defence spending and job creation(Evangelista, 2019). Costs involved in the project: In context to economic impact, it involves various costs that are involved in the project and can be determined as the Indirect costs which is not basically linked to the project but is also in relation the cost of doing the entire business(Ali and Idris,2021). The various costs involves heating, space rental and lighting. In addition to that the project involves direct costs that is critical for the purpose to perform the tasks in the project and also involves costs in relation to the software licenses, hiring specialised contractors and commission of the new building. The costs involved in the project also comprises of variable costs and fixed costs. Opportunities for revenue generation:In context to revenue generation, the revenue strategy basically comprises of the plan which need to focus on boosting the company’s incomes and sales with the help of short term sales potential and maximising long term sales. It involves various methods that helps in generating the revenue of the organisation which also involves the online presence, hone the pricing strategy, adding the complimentary services or products and using effective marketing strategies. With the help of generating revenue it results in contributing towards the various economic aspects and providing opportunities. In context to organisation, revenue generation is considered to the most important activity which also comprises of B2B organisations in order to engage. The revenue generation comprises of marketing, selling and planning of products for the final aim of generating income. The most significant point while generatingrevenue is to run a organisation in a successful manner and always remaining in profits(Pinas, Blanchard and Koole, 2021). The Environmental Impacts:The environmental impact basically involves all the changes that happens to the organisation which could further result in affecting the services, activities and products of the organisation. The environmental impact can adversely affect the actions of an 2
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individual and can further result in affecting the environment. In context to environmental impacts it involves a lot of relevant issues such as: Impacts on the city’s carbon footprint:The carbon footprint basically involves the total amount of green house gases that further involves methane and carbon dioxide which are generated through actions. In relation to the carbon emissions it is basically trapped in the atmosphere and then further results in harming the climate of the environment and also involves extreme weather events, rising of sea levels, polar ice caps and much more. In context to cities, there are various factors which further play a very major role in the change of climate (Trogden and Mazer, 2019). In context to organisations, it also involves lower carbon footprint which basically helps in understanding the reasons why the cities are involved in the process of producing carbon as compared to the carbon dioxide. In context to carbon footprint, the biggest impact is based on the transportation sector that helps in generating the largest share of green house gas emissions. The impact of the carbon footprint can basically involve the contributors such as house hold energy, transportation, food and consumption(Fadilah, Moeisand Indrawardi, 2020).The large carbon foot prints basically deplete the resources on small and large scales which further helps in having better understanding of the reasons behind the various cities. In relation to the causes, human activities are fully responsible for almost all the of the causes that leads to increase in the green houses gases in the atmosphere in the past 150 years. The major reason for the green house gas emissions is from the human activities in the United States that arises from the transportation, burning of fossil fuels, heat and electricity. Opportunitiesforsustainablebuildinganddesign:Thegreenbuildingalsoknownas sustainable building basically comprises of the structure and application of the process that includes various resources which are highly efficient and is fully responsible for the building life cycle that further involvesoperation, renovation, construction, maintenance,planning and various other factors. When it comes to sustainable building it involves various factors such as reducedmaintenance,improvedenvironment,sharedresources,efficiencyofenergyetc. Sustainable and green have been increasing used in association with commercial benefits. Sustainability is a much wider concept which basically involves the building up of overall ability 3
in order to provide productive, healthy and comfortable over the long term with out creating impact on the environment(ZARIFIS and PAPADIMITRIOU, 2019).In context to Green, the concept is highly focused on the environment and involves processes and practices that helps in carrying out the incremental steps for the purpose to implement strategies in relation to the environment sustainability. With the help of green initiatives, it helps in reduction of carbon foot print that helps in implementation in an effort for the purpose to become sustainable. The sustainable design seeks to decrease the various negative impacts, the comfort and health of building occupants which further helps in building performance improvements. The main aim of developing sustainability and design involves creating a productive and healthy environment, reduction of the non renewable resources and also minimizing the wastage. The sustainability building is basically operated and designed for the purpose to reuses and use materials in the most sustainable and productive manner across the entire life cycle. With the help of effective utilization of sustainable materials it results in minimizing the effects of the environment that involves toxicity, global warming and resource depletion. The environmental impacts of any construction work that is needed:In context to construction work, it typically involves the design, planning and financing and continues until the asset is final build up and can be taken into use. In reference to construction it further involves maintenance and repair work, any work which is to improve, expand and extent the asset and also involves demolition, decommissioning and dismantling. In context to the impact that construction basically results creating a major impact on the environment and according to researchers, the construction sectors contributes to 50% of landfill wastes, 50% of the climate change, 40% of the drinking water pollution and 23% of air pollution. In addition to that there are various factors that majorly impact the environment and also involves additional factors such as noise pollution, dust generation, air pollution and operations with vegetation removal. The Social Impacts: The social impact basically involves all the positive and important changes that helps in solving the least addressing the challenges and social injustice. In relation to the organizations and businesses it helps in achievement of the final targets with the help of deliberate efforts and conscious or activities in the administrators and operations. The social impact is basically the positive change in the organization that helps in addressing the social 4
issues in the environment. It could also involves global or local efforts and precautions taken in order to tackle things such as homelessness, climate change, poverty, hunger and racial inequity or any other problem that a particular consumer is facing. Changes to the demographic of the area:The demographic analysis is the population based and study of various factors such as sex, age and race. It usually refers to the change that could be happened due to change in geographical or demographic way. The demographics basically involves the change in the state of demographics, statistical characteristics of the human populations that further involves income or age which are needed for the purpose to identify the identify markets. The demographics basically involves various information factors such as marital status, age, employment, gender, income, education and race. Increased education opportunities: The educational opportunities are basically the opportunities that helps in enabling individuals to acquire skills, knowledge and to also to cultivate certain capacities. In context to economic impact, anotherrelevant issue involves the chance of getting aware regarding the educational opportunities and new universities. Issues related to crime and health and safety:Health and safety are basically the procedures and regulations which are intended for the purpose to prevent injury or any kind of accident in the public environment or workplaces. In relation to the issues in crime, health and safety it involves various long term problems, anxiety related illness and depression(Mar-Cornelio and Gulin- Gonzalez, 2018). CONCLUSION From the above report, it can be concluded that while operating a university in a new city, it could result in various outcomes and can have a major impact as it will result in dealing with the issuessuchasenvironmental,economicalandsocialwhicharereallyimportantfora organisation in order to understand and survive in the environment of new places. In addition to that it is very important to have a deep understanding regarding the various issues and having detailed knowledge in relation to the various factors that could affect the operations in a efficient and effective way. In addition to that, it helps in finding out the right information in relation to 5
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the various issues and key factors that students who are coming from different culture and backgrounds might need to face during their degree in the universities. Recommendations Understanding social values:In context to University, it is very significant and important in order to have deep understanding in relation to the values and social environment of the city in which the university is basically situated. Having deep knowledge and understanding:In order to start a new university in the city, it is very important to have depth and deep information and knowledge in relation to the various factors such as environment, economy and social of the city for the purpose to establish the infrastructure of the university. Understanding Culture: In context to students, it is really important for them to adapt and have the ability to understand the culture of the new city for the purpose to attract more and moee students and individuals. 6
REFERENCES Books and Journals Ali, N. and Idris, M., 2021. THE SKILLS OF ACCOUNTING STUDENTS IN JORDANIAN UNIVERSITIES: A DUAL PERSPECTIVE.Academy of Strategic Management Journal,20, pp.1-11. AniÄŤić, K.P. and Bušelić, V., 2020. Importance of Generic Skills of ICT Graduates—Employers, Teaching Staff, and Students Perspective.IEEE Transactions on Education,64(3), pp.245-252. de Freitas, A.P.N. and Almendra, R.A., 2022. Teaching and Learning Soft Skills in Design Education,OpportunitiesandChallenges:ALiteratureReview.DevelopmentsinDesign Research and Practice: Best Papers from 10th Senses and Sensibility 2019: Lost in (G) localization,17, p.261. Evangelista, R., 2019. Professional Competence of Teachers in Relation to Students Academic PerformanceinMathematics.AscendensAsiaJournalofMultidisciplinaryResearch Abstracts,3(2G). Fadilah, F., Moeis, I. and Indrawardi, J., 2020. Analysis of non-academic skills of Pancasila and civic education teachers in the era of Industrial Revolution 4.0. InTeacher Education and Professional Development in Industry 4.0(pp. 76-80). CRC Press. Mar-Cornelio, O. and Gulin-Gonzalez, J., 2018. Model for the evaluation of professional skills in a System of Remote Laboratories.Revista cientĂfica, (33), pp.332-343. Pinas, J., Blanchard, G. and Koole, S., 2021, July. An Innovative Approach on Academic writing: A FHR Case study on the Effect of Learner-Centered Writing Support for Improved Academic Writing Skills of Students in Higher Education. InEdMedia+ Innovate Learning(pp. 529-536). Association for the Advancement of Computing in Education (AACE). Trogden, B.G. and Mazer, J.P., 2019. From Cornerstone to Capstone: Perspectives on Improving Student Communication Skills through Intentional Curricular Alignment. InCommunication in Chemistry(pp. 17-28). American Chemical Society. ZARIFIS,G.K.andPAPADIMITRIOU,A.,2019.CHAPTERTWOVOICINGTHE LEARNERS: A STUDY OF HIGHER EDUCATION STUDENTS’VIEWS ON DEVELOPING ADULTEDUCATORS’PROFESSIONALSKILLSANDCOMPETENCES.TheRoleof Higher Education in the Professionalisation of Adult Educators, p.10. 7