social progress

Ph.D.
Assignment
Marketing
Pages 1 (251 words)
Download 0
According to Green (2014), social progress index refers to the societal measure of well-being that is different from the GDP. Social progress provides an innovative way of…

Introduction

Green (2014), explains the relationship between social progress and GDP of a country. The social progress status of a country, according to Green (2014), is independent of its GDP level. In most countries, however, a high social progress status is dependent on high GDP. When a country’s levels of income rises, social progress that emerges from economic development end up getting exhausted (Porter & Stern, 2014).
Several social and environmental challenges result from a country’s economic growth. Fast-growing economies that disregard social progress concerns show success and improved GDP. A high social progress status, therefore, does not necessarily mean improvement in GDP. For instance, nations such as Chad show low social progress index but have comparatively high GDP.
It is justified that social improvements result from many myopic reforms that cause the GDP-Social Progress cohesion (Grzesiak et al., 2014). The cohesion ensures that a rise in GDP influences positive changes in social progress index of a particular economy.
Deloitte imperative is a strategy that focuses on addresses fundamental economic issues such as incorporating social progress in economic growth (Talbot, 2014). It emphasizes the need for governments to visualize beyond the boundaries of micro-economic levels in supporting social progress.
Social progress is imperative in evaluating business because it relates to the per capita income. Business success in a region depends on consumers’ purchasing power. Social progress, therefore, is a vital component to consider when evaluating a business.
Social entrepreneurial behavior is fundamental to driving social progress in any economy (Skoll & Osberg, 2013). It is important because social entrepreneurs get motivated through opportunities they identify and vision they pursue.
Green, M. (November 11, 2014) What the Social Progress Index can reveal about your country. TED Talk. ...
Download paper
Not exactly what you need?

Related papers

marketing and social network
Introduction…………………………………………….……………….…………….…4 3. Research questions…………………………………………………………………………….……5 4. Background………………………………….……….………………………………….5 5. Research…
A Report on Social Marketing Campaign
The spread of HIV and AIDS is mainly caused by social and health problems, therefore social marketing offers mechanisms for solving such problems through encouraging people to live healthier lifestyles. According to Kotler & Roberto (1989); Rogers (1995), the idea of diffusion and social marketing has been transformed to form strategies for use by the public throughout Asia, Africa, North America…
Evaluation of Social Media Marketing Campaigns
The conventional means of marketing in company or an organization involved strategies like: advertisement, branding, discounts, after sale services and free samples among others. These strategies majorly utilized print media, televisions and radios as a medium of communication. However, the contemporary society has witnessed immense technological advancements evidenced, for example by the…
Social Media Paper
In the business context, social media continues to be the most used tool especially in the recent past (Lefebvre and Flora 1988, p.301). Some of the areas in business using social media as a platform to achieve goals and objectives are advertising, public relations and marketing. This is essentially because these are the very branches of the corporate world that need to come into close contact…
Social Media Application Program Interfaces
The emergence of the World Wide Web has made it possible to reach a large number of people from all over the globe with the simple touch of a button. As a result the social media came into existence which can be described as a virtual platform where individuals can interact with one another as well as seek or give information on various subject matters (Jacobson, Woods & Brail, 2011). The social…
social progress
Green (2014), explains the relationship between social progress and GDP of a country. The social progress status of a country, according to Green (2014), is independent of its GDP level. In most countries, however, a high social progress status is dependent on high GDP. When a country’s levels of income rises, social progress that emerges from economic development end up getting exhausted…
Social Media Analysis and Customer Behaviour
With this accessibility and transparency of information the decision making process of the consumer is highly influenced. Traditional methods of advertising through the use of mass media have become highly ineffective as the consumers are eager to seek more information directly from the company. Therefore, companies have to work the market and find out the reception of the consumers to their…