NBS8111 International Entrepreneurship: Business Solving Global Issues

This essay critically examines the statement that "Business is a beautiful mechanism to solve (global) problems," focusing on the role of entrepreneurship in addressing global challenges. It discusses various global problems, including poverty, climate change, and lack of access to healthcare, and explores how businesses can provide solutions through improved energy efficiency, recycling, healthcare access, and job creation. The essay highlights examples of companies like Nike, Unilever, and Microsoft that are actively involved in developing new markets and creating employment opportunities. It also emphasizes the importance of businesses promoting ethically sourced products, developing win-win approaches, and forming multi-sector partnerships to solve global issues, citing Johnson Controls, Dow Chemicals, and GlaxoSmithKline as case studies. The document is available on Desklib, a platform offering a wealth of study resources for students.

Business is a beautiful mechanism to solve (global) problems 1
BUSINESS IS A BEAUTIFUL MECHANISM TO SOLVE (GLOBAL) PROBLEMS
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Business is a beautiful mechanism to solve (global) problems 2
Introduction
Different communities in global society face many challenges that result due to the ultra-
competitive business globe. Fortunately, contemporary times of recent days have also blessed
entrepreneurs with more resources that they use to tackling these different global problems than
ever before (Hornett and Lee 2017, p. 31). Business plays important roles towards solving global
issues more than government. The ideal understanding the basic needs of people have allowed
business operators to divide different resources by needs and societal need in ensuring that there
are no cases of global problems in operations of people (Crainer 2015, p. 35). Business has
remained to be the essential element in guaranteeing different basic needs of people are met
without any deficiencies. It has also been the leading operator in sustaining as well as improving
quality of life of people in the global community. Additionally, business has remained to be the
beautiful mechanism towards solving the global problems as it helps in mitigating future risks
that communities do face in their daily operations (Bhandarker 2014, p. 617). Therefore, the
principal target of this research paperwork is to discuss the statement by Yunus (2013) that stated
that “Business is a beautiful mechanism to solve (global) problems.” Therefore, this paperwork
explores this statement by exploring the role of entrepreneurship towards provision of solution to
global issues.
For every occurrence of any threat to the wellbeing of people around the global
community, there exist the opportunity for the business operations to strep in with concrete
solutions to the concern. Besides, for the occurrence of every risk to humanity, there is a
prospect business model applicable to boost the bottom line and eliminate, control, or prevent the
spread of the threat to other global marketplaces (Zhang 2017, p. 2). The use of business models
has been effective in decreasing the chances of occurrences of social, economic, as well as

Business is a beautiful mechanism to solve (global) problems 3
ecological challenges that threaten global community. Multinational business corporations have
the vast resources, international footprint, along with incentives of the marketplace to create the
better world. Furthermore, nonprofits corporations have various right solutions but lack the
resources necessary to scale as most authorities fail to achieve binding and actionable
agreements to implement their views (Strasser 2011, p. 20). Moreover, some multinational
business companies are already leading the way by attaining best solutions that aim at reducing
as well as mitigating the damage of different global problems such as climate change, alleviate
poverty, ecosystem loss, along with inequality in wealth by providing access to healthcare and
education.
Some of the challenges facing global community
Although there exist steady progress that has been made in reducing occurrence and
existence of poverty in global society over past decades, poverty among global population
continues to plague over one billion individuals. The increased growth in disparity among the
rich together with poor remains to be the top concern of most business leaders and global leaders
as it tends to bring significant threats to peaceful coexistence together with prosperity (Roussean
and Batt 2012, p. 19). Change in global climate has been leading to cause extreme events of
weather conditions that always trigger dislocation among human along with destabilization of
geopolitical. Some of the problems that global community face and business operations help in
solving include the degradation of water, forest covers, and arable land that threatens peaceful
coexistence among human in community.
The failure to focus on offering adequate to global young generations, particularly on the
issues to deal with technological advancements, science, engineering, and mathematics has

Business is a beautiful mechanism to solve (global) problems 4
resulted in the creation of the disconnection among people. These disconnections have been
profoundly witnessed among the jobs as well as job seekers that tend to leave several individuals
without employment (Sivaev 2013, p. 12). It has also lead to cases of having the workforce
without the required skills aimed at tackling the general views, ideas, or concerns. Millions of
young generations together with adults continue to suffer and die from cases of preventable
diseases and illness that result due to the lack of access to quality healthcare, medicines, along
with vaccines. Besides, most people around the globe have continued to suffer the loss of human
right around the world as victims of human trafficking, abuses of labor, cases of violence over
conflict minerals, and limits to the existence of free expression. All of these global problems
result in cases of suffering among people and their families’ at large (Wang and Kimble 2016, p.
56). Organizations have therefore begun and concentrated on practical approaches to realize that
all these global struggles also undermines their economic advancements and their business
operations.
Opportunities for business in solving global problems
Business companies that discover different solutions to global threats have much to gain
in their operations. Leaders of companies have always been on the front line in ensuring that they
offer the active business environment that helps in maintaining the well-being of global society
by making their operations to be in line with required regulations (Singh et al., 2014, p. 16).
Business helps in solving global problems by ensuring that their actions improve energy
efficiency to ensure that they do not waste the available resources. They also recycle materials to
avoid disposal as wastes that can lead to harmful effects to the surrounding. Additionally,
entrepreneurs have the vital role of controlling global problems by ensuring that people and their
families in every business sectors have easy access to improved healthcare services. The idea is

Business is a beautiful mechanism to solve (global) problems 5
essential as it helps most business operations to mitigate risks resulting from health disorders
(Akhmat and Khan 2011, p. 60). It also helps in ensuring that society gets access to quality
healthcare that can in turn help in controlling cases of spread of diseases that might be highly
contagious.
Entrepreneurs ensure that they control cases of poverty in global regions. The business
community concentrates on developing substantial business opportunities that attract people
from different walk of life to get employed. Employing of people always ensures that business is
reducing cases of unemployment making the society to have people who are independent in their
operations (Bruce 2014, p. 554). Therefore, through the employment of different individuals
always help in reducing cases of increased unemployment that has always been the global issues
among different countries in the worldwide community. The entrepreneurs in various
employment sectors also work by investing on other businesses that even open doors for others
to create jobs that they use to employ others to run and maintain as they remain to be active
members of a given organization (Friedman 2011, p. 312). Besides, the business organizations
also ensure that they produce products that are affordable for the low-income earners that suit
their pockets. Such activities of producing affordable products have enabled business operators
to provide that even the less fortunate person in the community is capable of meeting their needs
without necessarily incurring huge charges. All these processes remain to be essential in
operations of global businesses as they help in building long-term value and sustainability among
people. For instance, some of the companies that are concentrating on ideas of solving global
problems comprise of Nike, Unilever, Microsoft, Ecolab, Hewlett-Packard, and Kimberly-Clark
organizations. All these international business organizations have focused on purposes of
developing new markets in different countries to expand their operations (Alipour 2012, p. 47).

Business is a beautiful mechanism to solve (global) problems 6
Their establishment in new marketplaces has been essential in the creation of new employment
opportunities for locals in the regions they establish their business operations. Therefore, the
establishment of new business operations in different societies has been essential in eliminating
cases of unemployment that has remained to be the global problem for many leaders (Brasell
2012, p. 288). Hence, activity of employing many people in organization helps in resolving cases
of unemployment that affect most regions globally.
Promoting products
Business has been essential according to sediments by Yunus to be the leading factor in
the promotion of products that have failed to receive big consumer base by operators. Different
entrepreneurs use the collapse of various industries to increase their hourly wage of workers to
the majority that is women. The foreign business firms that deal with different products can use
such business ideas to be their marketing device essential in promoting their products (Golic
2013, p. 147). The products made by such business companies can be tagged as ethically
sourced, and this can control cases of overdependence on other organizations from foreign
regions on different products. Therefore, tax received from operations of the various businesses
can help women tremendously. Such business operations according to Johnson (2015, p. 267)
can assist in transforming society in a particular region by ensuring that women and other people
live independently. Therefore, business remains to be beautiful mechanisms in solving the global
problem of women depending on men for survival. According to (Mukherjee 2018, p. 631)
business adjustments can help in changing global problem on traditional beliefs that women
should always stay behind at home to change as they get to be absorbed by different companies
to work. Business can help women to be a resourceful factor in transforming an economy of a
region.

Business is a beautiful mechanism to solve (global) problems 7
Develop win-win approaches
Business leads to the creation of diverse activities' that match general society great with
private intrigue that are regularly reasonable over the long haul. A few contextual investigations
that component in many overviews exhibit that business can help in adjusting outside activities
to inward needs for the association and consolidate short and long ability contemplations with
the improved impact of both society and business (Baruch and Reis 2015, p. 22). While
numerous sorts of business in the general public drove activities can bring about a positive effect
on groups, they are more likely to be supportable on the off chance that they are connected
deeply business part (Moshref-Javadi and Tabrizi 2014, p. 183). For example, activities that tend
to help business people in the tasks of business' esteem or activities that can interface the workers
of the business to the neighbourhood instructive part are more likely to last than those that stay to
be separated from the business and its workers.
Business creates the multi-sector partnership that solves global problems
Business operations such as multi-segment organizations work by drawing their exercises
on corresponding skill. These aptitudes are at times essential for executing versatile answers for
instances of worldwide issues (Wadhman and Warren 2012, p. 53). For example, while the single
business can build up the association with the neighbourhood scholastic segment for its own
particular needs of ability, associations between a few business tasks and scholarly territories can
help in expanding the nature of the ability pool accessible to all, frequently in the more cost-
proficient way and with more noteworthy advantages to the general public. While possibly more
unpredictable to execute, such organization tends to contemplate the broadest scope of interests
(Cogan 2013, p. 19). Roughly 66% of the highlighted contextual investigations include common

Business is a beautiful mechanism to solve (global) problems 8
society associations in their model of joint effort that consolidated the perspectives of students,
coaches, and other individuals whose voices is basic during the time spent outlining practical
arrangements to control global issues such as climate change, inflations, and global warming.
Case studies
Some cases of how business is the ideal mechanism to solve global issue include Johnson
Controls, Dow Chemicals, together with GlaxoSmithKline among other business corporations.
For instance, Johnson Controls remains to be the retrofitting buildings for energy efficiency that
focuses on big scale projects like the Empire State Building found in city of New York along
with the in-orbit Mall in Mumbai, India (Chailertpong and Phimolsathien 2018, p. 62). The
business of the building retrofits process of generating revenues for the company that benefits the
commercial real estate organizations that partner with the organization to provide cost savings
for creating tenants. Besides, building retrofits have the higher influence in reducing the
emission of greenhouse gases around the world. The company help in controlling presences or
discharge of the gas that is harmful to the ecosystem. The operations of Johnson Controls do the
business that it offers to be regarded as a beautiful mechanism to solve the global issue of
greenhouse gases that have harmful effects on the wellbeing of the society. Besides, the business
organization like GlaxoSmithKline remains to be essential in controlling the spread of health
problems among the people. For instance, it partners with Vodafone to concentrate on ideas of
increasing the uptake of DPT vaccines in different countries especially Mozambique to control
health complicated situations among the people in the region (Long 2016, p. 16). The company
also work by selling millions of vaccines as well as Vodafone with the aim of increasing its sales
and wellbeing of people from different health complications that has been a concern by the
Global Health Organizations and their operations.

Business is a beautiful mechanism to solve (global) problems 9
How business help in controlling global problems
Business operations that are beneficial in controlling cases of global issues tend to
operate to find solutions in different manners. These entrepreneurs work by sustaining the
governance agenda (Long 2016, p. 16). Here the board of business director has the legal along
with the fiduciary responsibility of ensuring that the company remains to prosper by producing
environment-friendly products and services. The business management help in addressing risks
and opportunities that might arise during operations. The discussion of operation elements has
been useful in ensuring that the company attains productive working environment that can help
in controlling global issues like pollution and poverty (Mukherjee 2018, p. 631). The director
always focuses on effective way on their operations that they can use to ensure that all
regulations are followed to later during production.
The other guideline that entrepreneurs concentrate on is the need to partner with different
non-governmental corporations and sometimes other companies to ensure that all global
problems are addressed during the implementation process of operation. Thoughtfully along with
purposeful identity along with collaboration with other partners that bring expertise as well as
credibility, relations, and access to communities where the organization seek to engage is
essential in addressing global problems (Singh et al., 2014, p. 11). It can help in understanding
the issues that affect specific community before developing appropriate techniques to eliminate
such cases. Besides, collaboration is essential in understanding the needs of people and
authorities around the global society as a way of removing any occurrences of conflicts that
might arise between regions highly depended on given product. Moreover, business is the
essential factor in solving global problems as it engages with different stakeholders that
understand the existing problem that society faces at any given time of the year. Therefore, such

Business is a beautiful mechanism to solve (global) problems 10
ideas help in the development of trust among the targeted and esteemed clients, workers,
investors, and society where the business corporation has the presence (Saxena 2012, p. 27).
Peaceful coexistence created by such engagement help in eliminating cases of conflicts and
wrong governance in the global community. Every stakeholder in the business always tends to
have a say in every activity within the operation that might hurt their wellbeing. Therefore, the
company through such process of controlling global problems remains to be the beautiful
mechanism in tackling such issues. There is a need for all business operators to focus on the ideal
way to relate to stakeholders from all over the world. Such collaborations enable different people
to understand any issue that affects their existence. Understanding of such problems remains to
be vital as business managers can focus on appropriate ways to ensure that business operations
eliminate such negativity by forming proper regulations and guidelines for their actions.
Underlying drivers of change in global problems
Business remains to be the significant indirect drivers of change in dealing with global
issues. Business operations affect the demographic, socio-political, technological, economic, and
cultural, along with regional issues that affect activities of most people around the entire globe.
Entrepreneurship of active business continues to affect climate change and biodiversity loss
somewhat differently by applying business ideas (Zhang 2017, p. 2). The idea of human-induced
change in climate is always driven by the aggregated consumption as well as choices of business
technologies used to produce and utilize available energy. The use of power in the right manner
during business operation has been the principal concern that helps in controlling energy losses
in the global community. The use of sufficient amount of energy by the business companies
helps min controlling cases of overexploitation that might result due to insufficiency in power
that might arise when energy is not utilized according to set regulations. The overuse can then

Business is a beautiful mechanism to solve (global) problems 11
result in different negative impacts on the environment such as pollution, emission of green gas,
and changes in climatic condition (Bhandarker 2014, p. 619). Therefore, business remains to be
the essential factor that helps in controlling cases of global problems from occurring as well as
from advancing with time as they operate.
Business remains to be the essential factor in controlling biodiversity and the degradation
of exploitation of resources. Ideal guidelines for business operations have enormous advantages
of ensuring that community control activities that negatively affect the environment (Baruch and
Reis 2015, p. 22). Business helps in controlling cases of loss of biodiversity and degradation of
ecosystems that have been an essential factor within the global society. The business focuses on
improving operations of its employees and consumers to purchase services and goods that have
the aim of reducing pollution in the environment. In most cases, entrepreneurs ensure that they
work on ways that help in improving existence of products by producing products that are
durable, environment-friendly, and cheaper (Friedman 2011, p. 310). The production of
competitive products allows most people who are low-income earners to purchase such products
without any difficulties. Therefore, such companies that also offer products that are
environmentally friendly help in reducing cases of polluting environment that in most cases
arises to adverse health effects. For instance, Coca Cola Company operates by aiming at
producing non-alcoholic beverage products that are durable and affordable to most people. The
company also distribute their products on containers that are recycling, hence helping in
controlling cases of pollution.
Conclusion

Business is a beautiful mechanism to solve (global) problems 12
From the above explanations, it is clear that business is an essential factor in making the
difference to the crisis that affects the global community. Enterprises have been useful in
solving, controlling, preventing and eliminating global problems such as inflation, change in
climate, global warming, poverty, and unemployment among other issues. Business operations
have controlled efficiently the rising of such topics as it collaborate with education as well as
training providers to help individuals develop the required skills they require in the world of
work. The collaboration has boosted the people to have well-organized operations through the
promotion of lifelong learning processes. Besides, it is clear that business remains to be the
beautiful mechanism to solving global problems by fostering entrepreneurship y supporting start-
ups and smaller enterprises. It also connects the talented people to ideal marketplaces by closing
the existing gaps found between jobseekers as well as employers.

Business is a beautiful mechanism to solve (global) problems 13
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