This piece of news talked about a special business called marriage detective which is developing quickly in India at present. I have not imagined about this business before because I cannot understand why people would like to hire somebody to check out everything of a person they love. I think this is a kind of cheating in a relationship. How will the person feel if he knows that his girlfriend hires a detective to investigate him? People want a detective because they are afraid that they will get hurt in that relationship. However, hiring a detective has already hurt the person they love. This is probably because Indian people have conservative and traditional concepts to marriages. A bride has to prepare lots of dowries for the marriage. If a girl meets a bad guy who just wants her money, her future life will be unimaginable. On the other hand, the existence of fraudsters stimulates people to hire marriage detectives. Needs and desires foster this business. However, how to define this business? This business sells people’s privacy in order to make money. However, on the other hand, it prevents those victims from deceiving by liar. The thing I can say is that the faith among people is getting less and less. People do not trust others. Everybody tries to protect himself in the society, so these new businesses emerge to satisfy these new requirements which response to the proper time and conditions. To be honest, I admire people who can find business opportunities from this kind of social reality, but I do not like this business.

(High-technologies help detectives do their work. )

(Pictures come from the website)

http://www.bbc.com/news/business-29283873

This piece news talked about the B.C. First Nation hoped the Harper government to reject the BC Hydro’s Site C project. First Nation people think B.C. is Indian land and the Site C project will affect their life and environment. To BC Hydro, it is a great impact. If the Harper government agrees with the First Nation, their Site C hydroelectric project which is worth $8 billion will not be able to be held anymore. To BC Hydro, how to make First Nation people feel confident to them is a key problem. How to make First Nation people believe this project is beneficial to them instead of harmful is tough but BC Hydro has to do it. The external force pushes BC Hydro to do better on this project because of the social influence that First Nation brings to them. Since then, BC Hydro needs to pay more attention on protecting environment and bring more benefits to First Nation to win First Nation’s trust. The company has to think about the public opinions which indicate the social concern. Citizens want a good living environment but also the benefits that are brought by Site C. If people believe that the benefits of Site C are greater than its disadvantages, they will agree with the project. To this point, BC Hydro needs to think about more about the social factor and its influences in order to winning support. Otherwise, the technology the company uses should focus on how to maintain environment friendly like clean hydro electronic power. On the other hand, the attitude of the government is important. How will the government respond to First Nation? In my opinion, the government needs to balance the relationship between BC Hydro and First Nation in order to contribute a win-win situation. However, how to balance is a question which needs to solve.

Roland Willson : the chief of the West Moberly First Nation

Stewart Phillip: B.C. Indian Chiefs leader

They opposed Site C.

(Pictures come from the website)

http://www.vancouversun.com/news/First+Nation+chiefs+stage+Site+showdown/10215965/story.html

This piece of news talked about two famous companies Burger King and Tim Horton’s plan to merge and discuss the merger details. Once they merge successfully, their new company will be the third largest fast-food chain in the world. After I read the topic, my first question is that will it have any differences and changes to the public comparing to before after they merge? Can people buy a Burger King hamburger in Tim Horton’s or buy a cup of Tim Horton’s coffee in Burger King? Probably my thought is ridiculous. Another thing mentioned in the news was that the merger of the two companies was considered as a kind of tax avoidance because the corporate tax rate in the U.S. is 35% which is almost 10% higher than that in Ontario where is the headquarter of Tim Horton’s. Probably the people in authority hope that they can save cost and make more benefits for both companies by merging them together. However, the do not realize the negative influence that the merger will bring to their companies. The public will have bad impression to the new merging company because avoiding tax can be considered as a sign of a company which has no business ethics. The question for now is, how to balance the benefits for merger and the bad impression that it brings to the public? Want benefits, or reputation?

http://www.bbc.com/news/business-28939538

Myanmar is an Asian country close to China. Since I love travelling, I was attracted by the topic of this piece of news called “Myanmar’s young tourism entrepreneurs”. It reported that recently more and more people go to Myanmar to visit the local attractions like temples, beaches and countryside. It pushes Myanmar to develop its tourism. Some young people took this opportunity to start their own travel business. These young entrepreneurs are forward-looking just like people who are the fashion icon have to know what will be the coming trends for the next year. They can be considered as the pioneer of Myanmar’s tourism. Since these young people are the first in this area, it seems that once they get ahead, their success will be great. However, the process must be tough. Otherwise, if more and more people realize the business opportunity of tourism in Myanmar, how can these entrepreneurs keep their advantages among these various travel agencies? At that time, they probably need to change their orientation for a new future. But then again, to present, developing local tourism for these young people is a good choice if the government is stable and there is no more chaos.

http://www.bbc.com/news/business-28756061

The news shared several stories about how different people choose the location for their enterprises. Why is location so important? It reminds me that people use the same method to find their home in a city. The location of a home is important because it related to a person’s life quality. For example, I study in UBC so I would like to rent an apartment which is close to this university. An apartment near UBC is my requirement. To business, it is the same rationale. People choose a location for their enterprise because this location can satisfy their needs. Big cites provide more opportunities but also more challenges and competitions. How to make a wise decision on picking the best location will be a key problem for an entrepreneur to solve. People need to think about the rent cost, convenience, and influence and so on. Otherwise, if the company owns factories, it had better to close to them. Some people will consider that downtown is a good place to set up a company because it is the centre of the city, and so many people pass through there every day. It seems to be true. However, we cannot ignore the cost to setting up in downtown. How to choose a place in a business district in a cheaper price is needed to pay attention to. Before choosing, it had better to conduct some market researches. Statistics is the most convincing evidence to prove how ideal the location is.

http://www.bbc.com/news/business-29027463