Policies to reduce negative externalities Essay Example | Topics and Well Written Essays - 500 words

Policies to reduce negative externalities - Essay Example Also such a tax tries to compensate the situation where the cost to the society is more than the cost to the producer. This tax will ensure that the producer bear the full burden of the market decision taken by him. Such a tax might urge the plant to reduce its production or improve methods to contain pollution which might involve technological upgradation. Hence in case of such a policy the company bears the cost. This policy was practiced earlier with success but later replaced by pollution rights which ensure that the firm does not lose profits but can trade their pollution rights. However in such cases the gains to the environment is not much compared to the effect it has on minimizing cost to the firms. This policy has worked in case of Kyoto Protocol where the carbon taxes imposed is targeted at the producer causing the negative externality. Such taxes on emissions also encourage the development of alternative and renewable energy sectors. Also when a large organization is forc ed to cut down production it gives relief to the smaller organizations from a competitive pressure. Hence this tax can also help in bringing about a balance in the market to reduce inequalities. (Hackett 2001) The second policy that the company can adopt is that of setting caps and baselines.

Critically analyse the challenges faced when developing and Essay

Critically analyse the challenges faced when developing and inplementing an information system - Essay Example 123-127). The essay will start from the definition of the IS which will lay down the foundation stone for the forthcoming analysis. It will also discuss the current situation in the implementation of IS. Some of the other discussions will revolve around the factors which play a part in the implementation of IS as well as various challenges that exist in developing and implementation process. Some of the previous research papers on this topic will also be the discussion grounds. Information system is the complete studies of networks of software and hardware that are used by people in an organisation to collect, filter, create and distribute the data that is obtained. The main aim of the information system is to support the operations, help the management in making decisions. In a company the IS has become an integral, interactive online tool which is present in every operation performed in the organisation (Lucey, 2005, pp. 144-147). The IS has been able to alter the economic conditions of the organisation because of its importance and presence in every step. It can help the organisation in the following ways. IS also affects the cost and the quality of the information that is transferred. It helps the company to shrink in size as it helps in reducing the transaction costs which in turn also reduces the production cost of the company (Grant et al., 2010, pp. 123-127). This essay looks towards various theories and concepts to analyse the factors which influence the implementation of IS and to identify the challenges faced when developing and implementing an information system. This particular study will enhance in better understanding of the concept of IS where the information regarding the evolution and also the importance of the IT in any organisation is studied from various articles, books and so on. This essay is