Business Venture Ideas

A venture idea I thought of is selling school supplies near the school. It would be easier for students to get school supplies near the school rather than having to go to the mall or another location to get it. Though there’s competition like the school itself, school supplies stores manage to sell a lot more during times like end of summer break or each semester or term. Also school supplies are cheap and affordable so it’ll be able to lure in a lot of costumers. Also, school supplies can also be bought by parents or adults. They will need it for work and other uses.

Another venture idea I thought of is selling bicycles and also being a repair shop. This will promote the use of using a bicycle rather than having to take a car to school which pollutes the air. There will definitely have competition like cars, and buses, but the school may be able to promote the use of bicycle. It should also sell other products in the store like helmets, drinks, shoulder pads, etc. Not only that, it should also be a repair store for bicycles. This attracts costumers because it's a way to help the environment go green. This may also lure in other costumers, like adults, and possibly elementary students near the area. They could use it for fun or exercising. This product may be sold the most during summer bcause it's a great sense of exercise and also it's good for the weather.

Sustainability Reflection

I believe that most companies aren’t conscious about the harming to the environment that they cause because they’re mainly focusing on increasing profits. I researched and discovered a huge group of personal care product companies that still use animal testing. Most of them are recognizable since they may have worked so hard to reach the position they already are. I think that companies that help the environment will definitely gain a positive recognition and possibly earn more profit. For example, L’Oreal has done many things to help out the environment like producing 100% recycled PET packaging, reduction of water use by about 14%, and also their plants in India use solar heating to preheat washing water, which saves 93 tons of carbon dioxide a year. As a consumer, I would definitely buy products from L’Oreal because if there was another company that has equal great quality products, L’Oreal actually has helped out the environment by having better packaging, so I would also be helping the environment. If I were to be in another company, this will also affect our business because of the positive recognition they receive for their sustainability, our business’ profit may decrease. Therefore sustainability may not only help the environment, but also help companies.

L'Oreal Substainability Developement Report: http://www.sustainabledevelopment.loreal.com/

Business Reponsibility/Social Ethics Reflection

I agree with “The Corporation” video. I feel that CEOs or other people that manage big companies should be more aware of how they treat their employees and the community and how things are working in their companies. Businesses are really drawn into making profit to the degree that they forget their business ethics. For example, in the video “The Corporation” it displayed the poor conditions of Nike factories, and how terribly they treat their workers. The CEO of Nike was clueless about how awful they treated the company. Another terrible thing companies don’t realize that things they do will also harm the community. For example, supermarkets provide plastic shopping bags for costumers; they don’t realize plastic bags are harmful towards the environment. It consumes a lot of energy and causes air pollution. Also, these bags are littered everywhere and they manage to travel to the sea where sea animals consume it. Thankfully, companies are starting to charge people 5 cents on plastic bags, and encouraged to use reusable bags. In conclusion, I believe companies that are more aware of their business responsibility may influence other companies to do the right thing.