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BAFIN-reviwer.docx - CHAPTER 1: CORPORATE CHALLENGES...

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CHAPTER 1: CORPORATE CHALLENGESOverviewTheinadequacy of the food supplyin many parts of the world perpetuates chronic hunger,malnutrition, and diseases that slow both mind and body and eventually reduces humanproductivity.The lack of permanentshelterdims the promise ofsanctuaryat the end of a day’s labor.Limited access toenergymeans limited or no power andlight at home or at work.Poorhealthcaremeans more untreated diseases and ailments, which also saps humanproductivity andshortens life.Pooreducationhinders a society’s ability to have a critical mass of skilled workersto compete inthe global marketplace.Poortransportation and telecommunicationssystems slow down themovement of goods andservices.Finally, highunemploymentcoupled with large numbers of undereducated young people and agenerallyunequal distribution of incomethreatens political stability. Unless these challengesare successfully met, development in many areas will remain stunted and threaten the survivalof the rest of the world.A. DIFFERENCES BETWEEN TODAY AND YESTERDAY1. How the world has changed. Were one to ask how many changes have occurred in the past 200 years,it would be possible to list an almost endless number, beginning with the invention of thetelephone andcombustible engineand ending at the end of this millennium with thecomputer, space travel, geneticengineering,and artificial intelligence.At a very personal level, the world has come a long way since the days of the fanand wood-burningstoveas means of climate control and flags, smoke signals, and the pony express as means ofcommunication.2. There have also beenmacro changesin the past century. Demographic patterns of growth anddevelopment have forged a path from rural life barely touched by urban communities to the point wherethe populationsof most societies live and work within an urban-suburbanenvironment andsurrounding rural communities either providecomplementary services or sink to the status ofeconomic backwaters.3. Anevolution in behavioral ideologies. Major political, social, and economic philosophies haveemerged in that same time frame to postulate the key theories of human organization and behavior thatorder society today. Most belief systems regarding resource development and allocation, wealth andincome creation and distribution, political structures, and social interactionstem from ancient ideasarticulated into working theories in the nineteenth and twentieth centuries.4.Technology and control over resources. It can probably be argued that two factors can be given creditfor bringing about many of the changes,constructive as well as destructive, that have affectedhumanity.The first factoris a long-term movement towardthe concentration of resource development
and use and the organization and conduct of economic activity in the hands of monolithic, globallyorientedprivate sectorbusinesses known asmultinational or transnationalcorporations.

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