Preview

An Exploration to a Practical Business Model for the Application of Solar Energy as a Sustainable Industry in Hong Kong.

Powerful Essays
Open Document
Open Document
6613 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
An Exploration to a Practical Business Model for the Application of Solar Energy as a Sustainable Industry in Hong Kong.
Page 1/16

AN EXPLORATION TO A PRACTICAL BUSINESS MODEL FOR THE
APPLICATION OF SOLAR ENERGY AS A SUSTAINABLE INDUSTRY IN
HONG KONG.

INDEX
INTRODUCTION
BACKGROUND
GLOBAL WARMING AND ITS IMPACT ON THE WORLD
SPECIFIC IMPACT OF GLOBAL WARMING ON HONG KONG
AVAILABILITY OF SOLAR ENERGY AND ITS CURRENT APPLICATION IN HONG
KONG
PUBLIC APPEAL TO A FUNDAMENTAL CHANGE

METHODOLOGY AND GUIDING PRINCIPLE
METHODOLOGY
PRINCIPLE

AN EXPLORATION TO A PRACTICAL BUSINESS MODEL FOR THE
APPLICATION OF SOLAR ENERGY AS A SUSTAINABLE INDUSTRY
IN HONG KONG.
MISSION
OBJECTIVES
RATIONALE OF THE PROJECT
FUNDING
ORGANIZATION
GROWTH AND DEVELOPMENT

CONCLUSION:

Page 2/16

INTRODUCTION
Innovation and creativity are now claimed to be widely applied in various field. They are especially crucial in the initialization of a paradigm shift. Most leading companies in the world also seek ways to maximize the profit, minimize the expenses, enlarge the market share and reduce costs. On the other hand, more and more emphasis is put on the social responsibility of business firms in carry out their business activities. In order to meet the company's target, innovation and creativity are required for a top management team.
A practical example is found in the use of solar energy. Solar energy is an environmental friendly energy source. However, in the application of solar energy as a “clean” and “cheap” energy source replacing the traditional “dirty” energy such as gasoline, coal, etc. There is not enough momentum for the general public as well as the business firm to make a fundamental change in their habit of energy consumption even they recognize the merits and the business opportunities of solar energy. Innovation and creativity are needed for initializing a change in human thought. Seeking to build up a feasible mode of business for the use of solar energy is now the first consideration among all.

Page 3/16

BACKGROUND
GLOBAL WARMING AND ITS IMPACT

You May Also Find These Documents Helpful

  • Powerful Essays

    Buss3 Exam Guide

    • 6948 Words
    • 28 Pages

    Businesses will set a range of functional objectives e.g. minimising costs and increasing market share…

    • 6948 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    Oi 361 Week 1 Individual

    • 425 Words
    • 2 Pages

    This is a short summary paper to define the main roles of innovation, design, and creativity while incorporating their importance for a firm to meet their organizational objectives.…

    • 425 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    This paper will define innovation, design, and creativity in business. It will also describe the importance of these three terms in meeting organizational objectives.…

    • 437 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Availability of fossil fuels is a considerable factor when dealing with various energy sources. Coal is non-renewable and it is estimated that at least 40% of the world’s electricity comes from coal, and in 2005 Coal power produced 49.7% of the United State’s electricity supply. The consumption of coal is expected to increase 71% between 2004 and 2030, highly motivated by developing countries that use coal to generate about 75% of their power. There are limited stocks of coal remaining, they will be entirely depleted this millennium if we continue to burn coal in the future at the same rate we are today. Solar energy, on the other hand requires the use of the sun which is renewable and will potentially never run out regardless of how much it is used. Therefore, solar energy seems to be the better choice.…

    • 1129 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Rodman D. Griffin’s article entitled “Alternative Energy: Can Renewable Energy Sources Replaces Fossil Fuels?” is about alternative methods of getting energy. The article goes into great detail of how America has gone into such an increase in using oil and other non-renewable resources. America spends billions of dollars a year on oil and gas to fuel the countries working class. This was incorporated in my paper along with other facts that Griffin uses throughout his article. His article gave me insight to the crisis that we face everyday and a new wave of thinking when it comes to alternative energy.…

    • 2056 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    Zilack's Business Plan

    • 447 Words
    • 2 Pages

    components, develop unique new markets with the help of IT, or make radical changes to business models or business…

    • 447 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Since the industrial revolution, our energy consumption has risen unceasingly. The majority of this energy consumption is supplied by the fossil fuels like coal or natural gas.…

    • 119 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    Innovation and creativity have been known to go hand in hand when being applied to an organization with the intention of stepping ahead within an industry. When a business develops a strategic model, its strategy, processes, product, and service will be impacted by innovation and creativity. There are many benefits when using innovation in an organization. Reduced development costs can lead to a better bottom line in the long run. Along with utilizing advancements in technology, an organization can harness the already existing qualities it has in order to gain a better understanding…

    • 1792 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Solar Energy Pros and Cons

    • 2001 Words
    • 9 Pages

    Hogan, Jenny. (2003, June). Solar power set for take-off: the latest technology for converting sunlight into electricity could make solar panels cheap and efficient enough to become a widespread source of domestic power. New Scientist 178(2398), 14(2).…

    • 2001 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Tardigrades

    • 3522 Words
    • 15 Pages

    We chose solar energy as our assignment because we believe that it’s still not fully exploited with an enormous potential. We wanted to examine the economical facts of solar energy, the environmental circumstances and we wanted to know more about how it works.…

    • 3522 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Innovation is defined as “creativity plus successful implementation” (Stamm, 2003, p. 1). Many great inventors, entrepreneurs, and creative individuals have said that they were the first to come up with an idea or product yet they were not given credit. This is because implementation never happened. The implementation of an idea is probably the most important aspect of innovation because the innovative idea or product will never end up becoming a reality. This is important to all business aspects because the key component of discussing and using innovation to its full potential is the step of implementation. This ensures the ideas being discussed in an organization are being used and that is the most important part to any business.…

    • 611 Words
    • 3 Pages
    Good Essays
  • Good Essays

    We are a plague of negative energy consumers and we will continue to remove ourselves from the reality of environmental humiliation if it means we can still enjoy our material devices, and our complicated obsession of hurting mother nature. The world’s energy consumption has escalated firmly since the industrial boom of the 1800s and will continue to rise as long as we hold a place on this planet or as long as our planet contains the ability to sustain our humanitarian pressure. Presently, the vast majority of our energy consumption is provided by coal or natural gas, but due to the limited supply of resources, the constant production has driven oil and gas prices up. With exhausted traditional natural gas sources, entrepreneurs set out to…

    • 1453 Words
    • 6 Pages
    Good Essays
  • Best Essays

    Professional Communication

    • 1816 Words
    • 8 Pages

    Provide at least TWO real world examples from these different areas that clearly show how the promotion of creativity, ingenuity, originality, and resourcefulness are leading the businesses and organisations to greater success.…

    • 1816 Words
    • 8 Pages
    Best Essays
  • Good Essays

    To have a successful business a company needs to employ personnel that think and behave differently (Stamm, 2003). Innovative thinkers need to form original designs and actively place them into action (Stamm). Innovation can be applied in different industries. In the technology industry, innovation can be referred to as the degree to which employees can retain and build upon the businesses original product (Kim & Park, 2010). Designers need creative thought processes to devise plans that will be successful. Creative thinkers need the ability…

    • 622 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Some of the sources of energy do no good to the environment. For instance, petroleum products like coal burnt in the industries release CO, CO2, SO2 and so on. These gases are harmful as they cause global warming, acid rain, breathing problem and so on. For this, energy renewable sources like biomass are taken as a good alternative source of fuel. Also some other efficient alternative source of energy can be explored so that the industry flourishes without much impact on the environment, where people and other organisms dwell upon. In one way, exploring eco-friendly-alternative-source of energy has good cause related to environment.…

    • 627 Words
    • 3 Pages
    Good Essays