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The paper “ The Business Concept - the Problem and Solution, Business Opportunity Assessment, and Business Model Strategy” is a thoughtful variant of the essay on business. Electricity has been cited as one of the key accelerators of economic growth in most countries. Most of the countries that have been enjoying high GDP have had enough and reliable supply of electricity. On the other hand, countries that do not have an adequate supply of electric energy experience low economic growth. According to Kaiser (2001), the main hindrance to the supply of electricity in most poor countries is the development of power infrastructures.

Power structures require a high level of expertise and a large number of resources to make the entire supply system successful. Putting up of these infrastructures in an organized manner definitely makes the electricity supply and maintenance very expensive. This has been cited as one reason why poor countries are unable to have power supplied to their homes. Further research shows that most electric power consumers are small scale users. About 80 % of the consumers of electric power all over the world use it for lighting and internal house chores while the rest percentage uses power for industrial applications (Cyrus, 2003).

Small scale power users use power for lighting and powering low power consuming devices like lights, computers, T.Vs among others. Most of these consumers are interested in a low amount of power that is able to meet their domestic needs (Gerand, 1971). However, in many countries, the majority of power-producing and selling companies use expensive infrastructure that requires a high level of organization and management. The companies that specialize in selling this power have one or multiple sources of power then through power lines, they supply to their customers.

The main problem experienced in the power supply is the maintenance of these infrastructures. However, this problem can be solved through the use of renewable and independent power systems such as solar energy.

References

Benson, N. (2002). Alternative sources of Electric Energy, 3-12.

Cyrus, L (2003). Breaking innovations, Energy Management, 7 (2), 14-50.

Gerand, A. (1971). Entrepreneurship, Manila: Cardinal Book Store

Kaiser, U. (2001). Product innovation and product innovation marketing, Theory and micro econometric evidence, European Economic Research, 5 (24), 1-13.

Martin, & Heywood, K (2009). Growth in the electrical supply systems, Journal of electrical engineering, 5(4), 414-516.

Peter, K. (2010). Solar Energy, Manila: Cardinal Book Store

Sarah . C., & Mary, J. (2005). Marketing of Service Products, International Journal of Marketing, 5 (24), 1-13.

Synthia, C., Larry, D., & Romulo, R. (2003). Developing new Ideas: Factors and Influences, Entrepreneurship, 5 (2), 4-50.

Synthia, P (2012). Business Management, India: Quantil publisher

Theraja, A, & Theraja B. (1998). Electrical Technology, London: S Chad & Campany Ltd

Wallington S. C., & Edward, J. (2009). Designs and Implementation of Electrical Systems, Journal on Electrical Energy, 3 (4), 111-113.

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