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Recession Essay Topics & Paper Examples

Recession in economics

Recession in economics is generally used to refer to a situation at which a nation’s gross domestic product has sustained a negative growth. The use of generally is due to the fact that different economists can describe recession in different ways. The agency responsible for declaring a nation’s economy is at a state of recession is mainly the NBER other wise the National Bureau of Economic Research. It has been argued that the normal recession occurs when the natural growth rate of is less than two percent in average and it lasts virtually over one year. There have emerged various debates concerning the causes of recessions however, the generally agreed cause of recession is mainly by the actions taken with…

Recession

One of the most commonly used term nowadays is “recession”. We read about it in newspapers an year ago, then heard about it in television 3-4 months back and now we are getting a feel of what exactly it is. Recession is not a new phenomenon, it last happened in America during 2002-2003 and many times before that also. But what makes this recession so fearsome is its magnitude and the countries which are being affected by it. What started out as a bursting of housing bubble soon crippled the American Banks, then Its economy and now the pinch of it is being felt all over the world except, of course, Antarctica which is least affected by it due to…

The Importance of Staff Training During the Recession

Most industry experts agree that training and development of staff should not be compromised during the recession even though they may be dealing with cuts to budgets and other cost pressures. This is because a well-trained and skilled workforce will be instrumental in supporting organisations during the downturn as well as after economic recovery and growth resumes. Previous recessions and downturns have shown that cutting down on training and skills development for employees only results in a shortage of talented workers come the upturn. This can greatly affect an organisation’s competitiveness. In March, a report from the Boston Consulting Group and the European Association of People Management (EAPM) found that cutting back on training was a popular cost-cutting option but…

Macroeconomics and Managerial Decision Making

A recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters (Farnham, 2014). The United States began to experience this crisis in 2007 and continued to feel its effects in early 2012 (Farnham, 2014). “Employment growth during the current recovery has been weak compared with past recoveries. It has taken nearly five years since the beginning of the economic expansion for nonfarm employment to return to its pre-recession peak” (Laderman & Leduc, 2014, para 2). New businesses or “start-ups” grew very slowly during the recovery phase. “Because start-ups generate jobs at a much faster pace than older businesses during recoveries, the…

Pro-Forma and Business Cycle Research Paper

This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies. Pro-Forma Financial of General Electric and Bank of America General Electric and Bank of America are two companies in the US that are competing to increase their sales, as well as their income in order to increase profits. Both companies are very strong financially: GE is an agglomerates industry with a market capital of $259.56 billion and Bank of America one of the major financial institutions with a market capital of $183.25 billion. Both…

Pest Analysis Of Nike

Follow the steps of entering international markets, analyze the target potential markets external environments using PEST analysis model. Target potential customers and market Nike typically targets athletes, men and women generally from the ages 15-30. Their target market is people who are active and enjoy higher quality sporting goods and merchandises. NIKE targets all regions with their geographic expansion. Under its Golf brand, Nike sells golf balls, golf clubs and apparel for both men and women. Nike should continuously develop innovative and stylish golf products to command premium prices. Most people would appreciate as Nike Golf brand has good marketing relationship with Tiger Woods which is a world renowned golfer. For example, Nike Golf’s SQ DyMo driver offers players the…

ZARA case study

Zara’s core competence is recognizing and assimilating the continuous changes in fashion. They’re very good at this because there’s a very good communication within the company. Store managers send information about the customer demands and new fashion trends to the headquarters on a daily basis. So if there’s a new trend, Zara is able to adapt their products or design new articles immediately. If a design doesn’t sell within a week, it’s withdrawn from the shops, further orders are cancelled and a new design is developed. This is only possible because of a good communication between stores and headquarters. All stores receive goods twice a week and each shipment contains new articles, in this way they avoid having large inventories…

Graduate unemployment

The rising unemployment rate among fresh university graduates today is an upsetting trend. Now the pool of unemployed graduates is rising to worrying levels even in some high-growth economies. This is due to several factors or causes that result in the increase of the unemployment rate today. This article brings and discusses the main causes and issues/effects on the unemployment of many fresh graduates. It is expected that this study of unemployment will achieve the objective and highlights of some important issues which relate to unemployment in graduates. The main cause of unemployment among graduates would be the lack of professional connections. (Alyssa Davis, 2014) For a fresh graduate, it is not often easier to find valuable contacts to recommend…

Economic Indicators in the Automotive Industry

The Federal Reserve’s primary goal is sustained growth of the economy with full employment and stable prices. Real GDP is the most comprehensive measure of the performance of the U.S. economy. By monitoring trends in the overall growth rate as well as the unemployment rate and the rate of inflation, policy makers are able to assess whether the current stance of monetary policy is consistent with that primary goal. The automobile industry is one of the largest industries in the United States. It creates 6.6 million direct and spin-off jobs and produces $243 billion in payroll compensation, according to a 2001 report on the “Contribution of the Automotive Industry to the U.S. Economy” prepared by the University of Michigan and…

Economics and Book Online

1. Liza needs to buy a textbook for the next economics class. The price at the college bookstore is $65. One online site offers it for $55 and another site, for $57. All prices include sales tax. The accompanying table indicates the typical shipping and handling charges for the textbook ordered online. a. What is the opportunity cost of buying online instead of at the bookstore? Note that if you buy the book online, you must wait to get it. The opportunity cost of buying online instead of at the bookstore would be whatever is you would need to give up to get the book online. This would mean that the opportunity cost of buying online would include the sum…

Winnebago Industries: SWOT Analysis

Winnebago Industries, located in Forest City, Iowa has recently experienced what could be considered its most challenging decade since founded in 1958, by business man John Hanson. Synonymous with the term motor home, Winnebago has made traveling with the comforts of home popular with the American adventurer for over half a century. Steady growth into the 21st century has allowed Winnebago to gain a strong financial footing and become the leading motor home, or recreational vehicle (RV) manufacturer in the industry. As will be shown in this report Winnebago sales have been directly affected by fluctuating interest rates, rising fuel costs, and a recent economic recession which has been dubbed the worst since the Great Depression. Through a brief background…

Case Synopsis: A Steely Resolve

Nucor is a steel manufacturing company that makes steel by recycling used metals and reforming them into new beams and sheets. Nucor has long had a reputation as a good place to work, although its human resource management policies have generated some controversy. Employees are paid by how much they produce, the more they produce the more they make. Yearly bonuses are based on overall company performance. Employees can choose how hard they work and have a good deal of decision making authority. The company gives employees final say on issues such as halting the process when an error is detected or a possible equipment failure may occur. Further, employees have a significant voice in matters of company policy that…

Daktronic case

Read Daktronics (F): Weathering the Recession Positioned for a Bright Future (Taylor et al.) found in your casepack and and use only the information found therein to answer the questions. 1. Assess Dak’s external and internal environments by: Performing a PEST+LE analysis with 4-5 examples of each dimension Completing a 5-forces analysis to assess the competitive landscape PEST+LE analysis Political Light pollution In the U.S. the billboard segment of the industry was governed by federal, state, and local regulations. Anticipated were regulations on “light pollution,” reflecting concerns of businesses and residents in the area where large or multi-screen installations were placed. Other concerns that would probably be addressed with future regulations included electronic media’s potential for distracting drivers. Legislation Dak…

Case Analysis: Employee Attitudes

1. Which of Schwartz’s 10 values are driving the behavior of managers at Bain & Company, Home Depot, and Best Buy? Provide examples to support your conclusions. Bain’s management is driven by he Schwartz’s values of power and self- direction. In a downturn, he chose to go against the grain and take advantage of the situation, hiring people instead of laying off which allows him to snatch up recently unemployed or underemployed quality candidates. His approach is clever and keeps him ahead of the competition. He also spreads out from the market in recession and looks for opportunities in emerging ones. In the case of Home Depot, the management is driven by universalism, lowering the target goals for the employees…

Report: Louis R. Chênevert, United Technologies Corporation

Louis R. Chênevert was born in 1958 in the Quebec province of Canada. Raised on the outskirts of Montreal, Chênevert spent his childhood and adolescent years close to his community. With close ties to the area, he attended the University of Montreal. In 1979, he graduated with a bachelor of commerce in product management. Upon graduating, Chênevert was hired by the General Motors Corporation in St. Therese, a suburb of Montreal. From 1980 to 1994, Chênevert spent the duration of his primary career at General Motors. During his employment, he continually pursued challenging positions. Before resigning in 1994, he achieved the position of Production General Manager; he was promoted to this position when he was only 33 years old. His…

Economic Recovery in UK

Introduction Over the past few years, UK economy has been is a recession period characterized by decline in positive business conditions. This period indicated unfavorable business environment due to aspects of high taxation, reduced demand and high cost of imports. The period was also characterized by low cost of imports which results to unfavorable balance of trade in UK. Economic downturn in UK has great influence in business especially the high street brands (Holley, 2012). With that kind of economic, grow conditions there was increased concerns about the future of high street s. this trend threatened the long term survival and attractiveness of high street brands since the economic conditions undermined the ability to attract a range of potential customers…