Question

write a research paper OUTLINE on impacts of renewable energy on economic growth

You will need to use at least six credible sources that provide objective, authoritative, and accurate descriptions of your selected macroeconomics topic. Two of your sources must be from academic journals. Your sources can include the following:

• Academic journals
• Financial and economic publications like the Wall Street Journal, the Economist, and industry-specific publications
• Newspapers such as the New York Times and the Washington Post
• Research databases like ProQuest

You may write a formal outline or present your information in paragraph form using current APA formatting. Regardless of the outline format, you must provide the following:

• Detail that aligns with your macroeconomics topic
• List of your sources
• Two of the sources must be from academic journals

Answer 1

Renewable energy is one of the most happening business investment spaces largely for its higher benefits which exceed its costs of installation and implementation.

Bionass, electric vehicles, windmill, geothermal, solar, hydroelectric, radiant energy, compressed natural gas all form pioneer in driving sustainability and growth simultaneously for all companies.

Top companies like Tesla Motors are working on sustainability and renewable energy productions to cut costs and diversify into new age emerging sectors with massive potential.

Samsung has leveraged use of this renewable energy larlegly amd widely with gigantic investment into all of them to create unified service and ubiquitous offerings.

Implications : Renewable energy promotes higher distribution and proliferation of energy sources and thus makes electricity available and logistics feasible promoting better trade and exchange of goods and thus higher investment spurs into rural and local areas which ultimately creates jobs and thus raises disposable incomes. This materialises into consumption and thus raises demand on aggregate basis and thus real GDP rises causing economic prosperity in long run.

However economic costs like installing, compliance, maintenance, implementation, etc form bulk of expenses which however are subsidised if government actively promotes it.

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Samsung has thus been analysed based on business offerings and potential to enter this space:

Five Forces Analysis:

Bargaining power of Suppliers - Many suppliers in this segments offer low cost services which means bargaining power is less for suppliers.
Bargaining power of buyers- Sijce Samsung operates either in perfectly competitive market or Oligopolistic market across globe, buyers have higher choices and hence higher power.
Threat of New Entrants- Since new entries from lowcost Chinese providers can eat up Samsungs share due to ease of taxation and licensing, threat is higher substantially.
Threat of rivalry between existing firms- This is comparatively very high as margins are wafee thin and innovation is constantly evolving making it difficult for the industry as whole.
Barriers to entry- Large initial investment, high marketing and distribution spends, constant innovation are biggest barriers.

Pestel Analysis :

Political - India, South and North Korea ar emost errant markets with high taxation and compliance and warfare tensions.
Economic - global economic degrowth and stagnant growth in mature markets is cause for worry.
Socio cultural - changing consumers preference and strong core culture is what Samsung has coped up with and reoriented itself across global markets to stay ahead of curve.
Technological - Wide-spread innovative solutions from competitors like Apple, Huawei, Vivo, Oppo, Xiaomi have threatened Samsung and portfolios. However Samsung has been fast mover and easily stays ahead of curve with its unparalleled premium segment and upscale technologies which competitors match too lately.
Legal- the recall of Samsung S9 has been highest litigation based loss because of malfunctioning and lack of quality checks and also copyright infringement issues with Apple make it very cumbersome and difficult to deal with.
Environmental - the organisations has been keen ethical player and truly abides environmental laws.

Strengths

Global brand image
Economies of scale and cost leadership
Highest patent growth
Innovation and design capability

Weakness

High dependent on OEM
Product cannibalization due to less differentiation
Focus majorly on high prices and premium segment

Opportunity

Tieups with Telecommunications operators for handset SIM selling
Focus on rural markets
Focus on low price segment
Focussing on diversified products like smartwatches, IoT products, Smart sensors, Smart devices

Threat

Chinese products and hypercompetition
Uncertainty in government policies
High taxation
Retail markets collaboration with low cost players and private labels.

References

Samsung promises to use 100 percent renewable energy in US, China and Europe by 2020: by Shanon Liao, June 14th 2018, The Verge

Samsung Electronics to expand use of renewable energy, Juje 14th 2018