Approach to Revitalize the Economy-Free-Samples for Students

Question: Discuss about to revitalize the Economy of Clipper bay. Answer: Introduction In the olden time, the economy revitalization and growth is related to conquer new land and digging new resources from area. In the present context the concept of economy revitalization is changing and is been related with growth and development. Depletion of resources causes distress while implementing a long-term plan. There are three crises that lead to the need of revitalization. The following three reasons lead to the necessity of revitalization: constraints of increasing population, corrosion of available infrastructure and crisis of contamination with a shift of global mindset (Franklin, 2003). An effective plan will help in strengthening and uplifting the community by providing various opportunities. The process of revitalization can be annoying and confusing as it consumes a lot of time. But it benefits in developing an effective social interaction, build an effective environment, added recreational choices and community pride. Stepwise Approach to revitalize the economy By keeping the need of economic revitalization for community it is important to address the issues of change in order to manage the economy from the verge of depletion. This is to preserve the cultural and natural heritage from dying with growth in population. The vibrant and stable communities need to revitalize their economic structure by developing the new commercial avenues highway, information industry in order to generate employment opportunities (Baum, 2016). It is important to enhance the rapid changing economy in order to deal with the rapid changing economy. The best process to revitalize the economy in order to deal with the rapid changing economy. The stakeholders are important for the economy is often unequal, and points out that "power ruling the interaction of individuals, organizations and agencies. This is to formulation of tourism policy and the manner in which it is implemented (Costa, Panyik Buhalis, 2014). Use of Comparative advantage The Cost benefit analysis is a systematic approach that is important for Clipper Bay to estimate the strengths and weaknesses of alternatives that can be used to determine options that provide the best approach to achieve benefits (Cook, Hsu Marqua, 2014). The modern economy uses it for the purpose of tourism and development of the bay. However it is suggested to manage the bay in the most effective way to provide people with an alternative occupation. To determine if an investment/decision is sound (justification/feasibility) verifying whether its benefits outweigh the costs, and by how much; To provide a basis for comparing projects which involves comparing the total expected cost of each option against its total expected benefits. In order to manage the opportunities and to deal with the crises it is necessary to manage the overall purpose by dealing with the issues. In the recent time there has been issues related to economic development in the Bay. For the purpose of connecting the bay with the other part important focus need to be given on growth and development. It is the primary purpose to develop the infrastructure which will allow in managing different opportunities occurring there. It has to look after the local development that will help in initiating growth and development (Pechlaner Smeral, 2014). For developing Clipper Bay as a tourist spot it is important to focus on the following parameters: Transportation services Travel agencies Accommodations Guided tours and tour guides Hospitality The above mentioned parameters, plays an important role in dealing with the revitalization. In order to gain the competitive advantage it is imperative to manage them. A sufficient amount of investment is required to be made in order to develop Clipper bay for tourism purpose. The costs allotted need to be categorized according to the needs. Currently, the economy is on verge of downfall due to ineffective utilization of resources. In order to manage the cost it is evident to manage an alternate task so as to utilize the benefit for revitalization. In order to organize the resources it is evident to keep an alternate option so as to gain the cost invested (Tribe, 2016). There should be alternate option available to the people living, in order to provide them with a direct support. The cost benefit analyses allow the local government in finding out the most appropriate technique in order to utilize the maximum resources (Smith, 2014). Sustainable approach to Tourism Sustainable tourism is a concept of visiting a place and trying to impose a positive impact on every aspect. Tourism involves primary transportation to the general location, local transportation, accommodations, entertainment, recreation, nourishment and shopping Experience. Clipper Bay has to plan efficiently by using the resources to gain efficiency. Tourism includes an extensive range of economic activities and considered as the largest industry looking onto the current structure (Mowforth Munt, 2015). Sustainable tourism is a balancing approach. The principles are related to the minimization of negative tourism impacts, usual and artistic preservation and Promotion of visitor observation and a well-organized use of resources in tourism. Sustainable tourism requires Participation in a more meaningful manner. This is to manage the Promotion of visitor observation and grasp culture. Sustainability is Sensitive towards local people other Stakeholders. By allocating the resources into a fruitful way will allow in gaining effective growth which on other hand will help in managing the issues in the most appropriate way (Mason, 2015). The bay area can be developed for Tourism that will allow in managing the activities in the most significant way. In attaining long-term sustainability it is important to manage the township in an effective way. It is important to analyze the growth in the most appropriate way by managing the sustainable model. Tourism provides with considerable economic g rowth which allow in rapid growth of economy, on the other hand it causes an adverse impact on the environment (Page, 2014). Environment degradation is the matter of concern affecting the rapid growth structure. The two main areas of environmental impact are due to the pressure on the natural resources and damage to the ecosystem. It is widely recognized that an uncontrolled tourism expansion is likely to lead environmental depletion. Without a careful use of resources, the growth and development in term of tourism can be depleted causing competition for land resources. It is often a subject for growing apprehension globally as it can direct to sand mining, beach erosion and other forms of land degradation. Scarcity of water can pose a threat to the economy which requires implementation of growth plan and process that will create substantial opportunities. Sustainable planning should be the utmost priority while managing the needs of effective growth and development in the area. Necessary steps need to be taken for gaining fast track growth. In addition to the consumption of large amounts of natural resources, the tourism sector also produces considerable pollution that need to be managed in the most effective way. Ineffective disposal of solid and liquid waste without a proper care causes a problem which in turn affects the growth and development of the town (Hannam, Butler Paris, 2014). Example of infrastructure, superstructure and each component of the suppliers in the Tourism stakeholder model Tourist friendly destination is a concept that provides satisfaction to the tourists by developing their needs through managing an interface by handling issues. The interesting part of this concept is to identify stakeholder and their role in the formation of tourist friendly destination (Ritchie Crouch, 2003). According to Swarbrooke (1995), the tourists have a propensity to react to a friendly destination where the facilities and services are easily accessible. It is important to save the time that will allow in save utterly lacking any disruption starts from residence awaiting them to desire of tourism purpose. The role of pertinent parties, particularly stakeholder is important for the town (Nelson, 2017). Stakeholders are the individuals or groups that influence the events, verdict, policy, practice or goals of an organization. In terms of tourism destinations it is important to understand the concept of tourist friendly destination. Therefore, the purpose is to identify stakeh older and their roles in arrangement of tourist friendly purpose perception. Stakeholders in tourism destination depend upon industries and hosts they might refer to business sectors, non-profit sectors and public sectors. As per the World Tourism Organization (WTO), sustainable tourism development is divided into three categories: The tourism industry Environmental support The local community/government The local community/government functions to create decisions in order to manage the tourism sector. It is openly connected with all three stakeholders have their individual roles in determining sustainable tourism (Morrison, 2013). The sustainable tourism development model comprises subsectors that include arrangements in relation feature of space, behavior and yield. Nevertheless, a different approach is employed when it comes to determining the identity and roles of stakeholders in urban tourism. Stakeholders in urban tourism include industry and government only. The parties perform physical heritages in town reinforce the culture and social viability of local residents and provide long-term. It is relevant in the current context that is indicative of the use of space, behavior and yield that stakeholders are required to provide to tourists. It is important to take care of the local concern because They are the direct related party to the benefits and loss from tourism sector (Lew, 2014). Potential economic advantage and disadvantage of developing tourism Clipper bay is tourism also allows wealth to be injected into a community in a variety of ways. The great benefit of using this industry is due to its extremely labor intensive nature. Many companies operating within it are small and conduct micro operations. It can be concluded that income coming into the industry is felt speedily by owners and staff that frankly boosts local spending on a long run. In a community with a lot of potential, a huge range of benefits will help in achieving growth and development. This provides the tourists with a plentiful opportunity. They are aware of additional pursuits, know plenty of places to stay, and as a consequence additional tourists are drawn in (Horner Swarbrooke, 2016). Local authorities and other local people will get benefit from the tourism sector. The Local authorities are very well placed to plan new projects and put them productively into practice. Jobs are being created, which bring long term development to the living conditions of the local people. On the other hand tourism is labor intensive giving lots of jobs at a low pay, unskilled tasks and these are seasonal positions. This affects the economy on a long run and creates long term capabilities. Clipper Bay has a small population that will be affected with the seasonal employment. The economy will get affected and will suffer. Tourist might excessively use the natural resources. This will pose a negative impact on the natural resources at Clipper Bay. It is a very small town with minimal resources. Ineffective utilization of resources might affect the overall economy hence depleting the current growth. Clipper Bay might depend on tourism for long term sustainable growth. An increase in the dependency rate will have an ill-impact on a long-run. This will affect the overall growth and development at Clipper bay. Life of the localities will be adversely affected in such a situation (Hall Page, 2016). Potential environmental advantages and disadvantages of developing tourism Development of tourism activity will eventually help in utilization of resources which will help in development of the bay area. Under utilization of resources gradually depletes the environmental impact. In order to gain long term sustainability it is important to utilize the resources in an effective way. By creating general awareness of the bay area, Eco-tourism can be promoted on a long run. This will help in generating awareness among the tourists and the local people as well. Better understanding of a place is gained in case of environmental development. In a developing economy it is important to develop tourism function so that the local people can gain long term goals. On the other hand over utilization of the resources might affect the bay area. There is certain long-term ill-impact of tourism on the environment. Excessive utilization of resource may affect the ecological balance. The tourists are not sensitive about using the resource in an efficient way. This might affect the local environment. Excessive depletion of resources will undermine the purpose of development which will eventually restrict effective growth and development. The local economy is dependent on petty jobs based on the environmental functions. In such a situation it is important to utilize the resources in an effective way by developing the environmental factors. This will allow in development of the resources which will lead to over all development on the long run (Page, 2014). Conclusion To conclude, Clipper bay is undergoing a critical situation regarding depletion of resources. In such a situation the economy requires revitalization. It is very well concluded from the above assessment that the area needs to be developed in a well-organized way. The report includes the process through which the town can revitalize the economy in order to gain long term growth. The most important part of this concept is to recognize stakeholder and their role in the arrangement of tourist friendly destination. In order to manage the long time sustainability it is evident to form balance. Tourism activities will create ample of opportunities which will develop Tourism that will allow in managing the activities in the most significant way. Sustainable planning should be the utmost priority while managing the requirements in order to gain growth and development References Baum, T. (Ed.). (2016).Human resource issues in international tourism. Elsevier. Cook, R. A., Hsu, C. 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