Chicago’s Brownfield Initiative to Reclaim Urban Sprawl and Economic Re

Chicago’s Brownfield Initiative to Reclaim Urban Sprawl and Economic Resources Introduction Brownfields are abandoned, idled or underused industrial and commercial properties where expansion or redevelopment is complicated by real or perceived contamination. In 1993, representatives from the Chicago Departments of Environment, Planning and Development, Buildings, Law, and the Mayor Office came together to develop a strategy for promoting cleanup and redevelopment of the City’s brownfields. The city developed a three- pronged initiative based on this strategy. This paper will focus on Chicago’s efforts to reclaim urban sprawl and return the city’s abandoned or underused properties to productive use. Background information will be provided as well as the issues that concerned the development and an analysis of the procedures, the policies utilized and the outcome. Background Two miles west of the Loop, many of Chicago's communities have devolved into crumbled cement and poverty. Major streets are both populated with teenagers, clusters of children moving with care, fast food joints and liquor stores and abandoned buildings. There is virtually no economic development in these communities. Tucked between these grid points of workaday urban blight are the vestiges of a once vibrant west side. However, this vision has been replaced and now stands factories and buildings that have been long neglected by owners or simply abandoned. These properties have come to be known as "brownfields," their smoked glass windows concealing potential environmental disaster. The new caretakers are homeless squatters, who relentlessly tear the buildings to pieces. Ragged demolition crews, pushing stolen shopping carts, are constantly in t... ...wnfield issues. Sources Cited: Bartsch. Charles. "Financing Brownfield Cleanup and Redevelopment:. 22 March 2001. www.nemw.org/brownfin.htm Sustain The Environmental Information Group. Beyond Sprawl-Chicago Area Land Use Guide. 22 March 2001. www.sustainusa.org/landuseguide/3economics.html United States Environmental Protection Agency. Brownfields Showcase Community. Washington, DC. Nov. 1998. www.epa.gov/brownfields/ United States Environmental Protection Agency. Brownfields Supplemental Assistance. Washington, DC. April 2000. www.epa.gov/brownfields/ United States Environmental Protection Agency. Regional Brownfields Assessment Pilot. Washington, DC April 1997. www.epa.gov/brownfields/ Williams, Drew. "Brwonfields: Chicago starts Reclaiming Its Urban Sprawl". 22 March 2001. www.pollutionengineering.com/archives/1996/pol0601.96/06reprot.htm

Core Competencies Essay

A business or product which generates a sturdy, dependable flow of cash. Dog- a product with low market share in a slow growing market and thus neither generates more consumes large amounts of cash. Star- products that are in high growth markets with a relatively high share of that market. They tend to generate high amounts of income. Question Mark- growing rapidly and thus consumes large amounts of cash but because they have low markets shares they do not generate much cash 2. What are core competences? Core competences are critical capabilities to a business achieving competitive advantage. The starting point for analysing core competences is recognising that competition between businesses is as much a race for competence mastery as it is for market position and market power. Senior management cannot focus on all activities of a business and the competencies required to undertake them. So the goal is for management to focus attention on competencies that really affect competitive advantage. 4 Potential sources of core competences * Distribution * Marketing * Management * Manufacturing 4 criteria used to evaluate core competences * Valuable * Rare * Costly to imitate * Non substitutable 3. What should an audit of resources include? The resources available to a business whether it be owned or obtained through partnerships, joint ventures or simply suppliers arrangement with other businesses. The assessment of the strength and weakness of an organisation in conjunction with an assessment of opportunities and threats. It should have the key success factors for the markets and industries in question and the comparable strengths and weaknesses of competitors for the same customers. 4. What are the strategic options for competing in a Mature Industry? Prune marginal products and models * Emphasize innovation in the value chain Strong focus on cost reduction * Increase sales to present customers * Purchase rivals at bargain prices * Expand internationally * Build new, more flexible competitive capabilities 5. Define the Value System The Value System is the set of interdependent situations within a business which both directly or indirectly adds value to the customer and ultimately generates a net cash inflow. This also provides a key link between competitive strategy and shareholder value. Even though the value system bears some resemblance to Porter’s value chain, the latter is perhaps less flexible and less easily tailored to the variety of the modern business.

E Commerce And Its Impact On Todays Economy - 1054 Words

â€Å"In e-Commerce, your prices have to be better because the consumer has to take a leap of faith in your product.† These were the words uttered by actor, producer, and investor, Ashton Kutcher. It is clear that what Ashton is saying is 100% factual, as it is essential to give customers the best shopping experience by providing with a well-rounded and most efficient website. However, in my paper I will be defining e-Commerce, discussing the types of e-commerce, an evolution of e-commerce and the impact it has on today’s economy. E-Commerce, otherwise known as electronic commerce, is one of the utmost vital features of the Internet to have ever been established. It is the electronic exchange of goods and service between a business to business or business to a consumer without barriers or distance. People have the freedom to go online and buy almost anything they want, at any given time of the day of night. With modern-day and continuously refining telecommunications substructures, we have been provided with the ability to trade data almost promptly. E-Commerce is all about utilizing these data flows in the most effectual way feasible. Whether you are a garment manufacturing company purchasing machinery from all over the world and manufacturing them in numerous locations or just a car rental company with stores in various city statewide, you have to ensure that your employees are receiving the most accurate information possible to share with their designated clients or partners.Show MoreRelatedMarketing Challe nges1099 Words   |  5 PagesChallenges in a New Economy There is a new trend in today’s economy that does not involve large chain suppliers, retailers or wholesalers. This new trend involves companies that allow owners to rent out their physical assets to increase their income. This new business practice puts the producer directly in contact with the consumer to conduct business. 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