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Economics Essay Examples

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Building an Internally Compensation System

...Workforce analysis will help to identify if there are any gaps between current and projected workforce needs, who may leave within the next one to three years, what skill set do they possess, and how to keep the employee that the organization need to accomplish the mission now and in the future. Job analysis is the systemic descriptive process that is used for gathering, documenting, and analyzing information in order to describe jobs (Martocchio, 2017). To be effective job analysis identifies a...

Competitive advantage in the airline industry

...From the discussion, it can be noted that for an organization to succeed in a particular industry, it is important position itself in the industry. Proper utilization of distinct qualities can make a company gain a competitive advantage over other organizations. Apart from the strategies formulated by the organization, other management strategies adopted by the organization play a great part in the development of the organization. The strategies which have been formulated and implemented by Emir...

Unemployment in the United States

...Funding Reduced Pay. The government of the United States should borrow this from Germany that has kept in place a policy that provides tax credits to the enterprises that reduce the employees working hours rather than laying off or firing the workers. This policy gives to the companies that want to increase their number of workers some ability to fund a fraction of the cost from cutting the working hours of the existing workers with some financial aid from Berlin. If the US federal government em...

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Conflict between Trade Unions and Management

...Organisational conflict, trade unions, Governments, employers and collective bargaining are critical areas of interest in labour relations. Fox’s views on unitarism and pluralism clearly bring out the conflicts that arise at the workplace. According to Fox, the Unitarism perspective explains that what benefits the employee will automatically benefit the employer and conflict should not be taken as a typical phenomenon. According to the Unitarists, many managers and workers see their organisati...

Public Finance as the study of income

...Kennedy, 2012, offers a different approach towards the definition of public finance. Instead of coming up with her definition of the subject, she quotes existing definitions that accurately meet the demands of the reader. The most comprehensive is that of Dalton, that states that public finance is concerned with the expenditure and income processes of public authorities and the adjustment of one to the other. In total, the author summarizes the definitions and terms public finance as the activit...

The Truth And Nothing But The Truth? The Legal Liability Of Employers For Employee References

...In recent years, courts gave decreed in favor of the universities in liability lawsuits. As was held in the Bradshaw vs. Rowling, “students now demand and receive expanded privacy rights in their life at college”. The college administrators no longer have control over the wide berthed arena and hence colleges and universities are not bound to the negligent liability clauses (Finch & Fafinski, 2011). In recent cases, the courts have held no liability subsists for th...

International Game Technology IGT

... On the other hand, Multimedia Games Holdings has the lowest debt to equity ratio. It might have opted for this option in order to enables it investors raise capital without facing debt. This will allow the company owners to concentrate on making their outputs more profitable instead of paying back to lenders. Multimedia Games Holdings may have also opted for this approach to allow the company owners and investors to create a long-term association throughout the lifetime of the busines...

Disability Discrimination Employment Law

... The employment law and measure remains important features of employment regulation. Employers are much less likely to determine policies or employment practices without reference to legal standards. Nevertheless, there is still achievement which has been attained in curbing various levels of discrimination among the workers. Disability discrimination however, requires efforts from various stakeholders in order to minimize the discrimination in workplaces. The adoption of the legislati...

Case in motivation and teamwork of Starbuck

...Listening to the employees — listening to the employees is other issue that requires to be addressed in the planning process. From the Starbucks case, it is clear that the company wants every employee to take part in developing plans and work as a team to achieve the set goals. Consequently, the company’s principles and policies are communicated to all employees, and there is no restriction in the employee’s individual opinions. By listening to the employees, makes them...

Role of government in correcting market failure

...  According to Munday (2000), market also fails to be resourceful because of lack of information by the consumers about the product in the market. The government can correct this type of market failure by passing policies and rules authorizing all the stakeholders in the market to brand their products and also to release all the information about the products in the market. This helps the consumers to get all the information about the products and thus they are given a chance t...

The ultimate financial plan balancing your money and life

...In conclusion, personal financial plan is very vital since it help people to achieve their short-run and long-term goals. Short-term are very crucial since they will help me to accomplish my long-term goals. My financial plan is based on my circumstances, preferences and objectives. An appropriate financial plan will guide me to use money wisely. The first step of developing a good financial is to set up personal goals and timeline of achieving those goals. The financial plan also includes the a...

Business ratios and formulas a comprehensive guide

...Morrison’s Supermarkets PLC can increase its profitability by using Tesco as a benchmark for its operations. This is because Tesco has a higher net profit margin and Return on capital employed. Morrison’s Supermarkets PLC has not been effectively in efficiently utilizing their assets in generating more revenue. It should ensure that acquisitions are attractive and that they help the company increase its return. It should also ensure that they produce better products and services in order to ...

Ukraine in The World Bank Group

...It was also observed between the year 2008 and 2015 that the level of poverty in the country increased from 7.1% in the year 2008 to about 9.1% by the year 2012. The increase in the level of poverty can be attributed to the increase in inflation which rose from about 24.90% in the year 2014 to about 28.50% in the year 2015. The increase inflation also caused an increase in the core consumer prices, which increased from 122.80 in 2014 to 126.10 in 2015 (The World Bank Group, 2015). This meant tha...

The Africa National Congress (ANC)

...The weakness of the strategies used by ANC is that they are not based from windfall of profit from industrialization. Instead, they are accompanied with shrinkage of the employment in South Africa productive sectors .Therefore, looking at the ANC governments Growth, Employment and Redistribution (GEAR) macro-economic strategies, is a failure as compared to the unchanged conditions in South Africa. In fact, is a slight success it its goals has been achieved .As a result ANC’s luck is running ou...

SureCut Shears

...The nature of the financial problems SureCut Shears is facing stem from a failure to meet the sales and profit forecasts that it submitted to the bank and its resulting inability to pay back the loan amounts. Similar to Play Time Toys, SureCut Shears operates in a seasonal industry and its forecasted sales fell short of expectations. However, in addition to decreased revenue SureCut Shears also failed to maintain its profit margins and control costs in the face of declining sales. The impact of ...

Reviewer Prelims


Employee Resourcing and Development

...GOV.UK. (2013). Statutory Sick Pay (SSP). Accessed 17th November 2013 https://www.gov.uk/statutory-sick-pay Newcombe, T. (23 May 2013). Stress and presenteeism "sapping UK productivity", says research. HR Magazine. Retrieved from http://www.hrmagazine.co.uk/hro/news/1077290/stress-presenteeism-sapping-uk-productivity-research Baker-McClearn, D. et al. (2010). Absence management and presenteeism: the pressures on employees to attend work and the impact of attendance on performance. Human Resource...

Walmart Strategic Recommendation

...I think that Walmart may have seen a dip in sales volume because consumers were, in general, guarding their money more tightly due the economic recession– not because they thought they could find a cheaper price anywhere. While Walmart has tried various strategies throughout the years– from offering organic foods to focusing on their store environment (similarly to their top competitor, Target)­– the strategy that has consistently succeeded for them is their focus on low prices. This incl...

3 generic strategy

...A generic strategy does not lead to sustainable competitive advantage. This is because the “sustainability of the 3 generic strategies demands that a firm competitive advantage resists erosion by competition behaviour or industry evolution” (Michael E Porter). Each of the 3 generic portrays different risk. Competitor can imitate each of the moves or even ameliorate them and gain considerable advantage. They can also exploit a gap that may potentially arise when a company tries to differentia...

Case StudyCredit

...As seen in the case of the Carter Cleaning Company, employee turnover is a problem. In order to minimize such problems there needs to be an effective hiring procedure. Dessler speaks of antitheft screening procedure. They are asking direct question during face-to-face interviews, listen to applicant and do less talking (this will allow the applicant to speak freely and through this they may speak more truthfully), do a credit check, check all employment and personal references, use paper-and-pen...

International Economics Gerber Study Questions

...Following Adam Smith, David Ricardo proved that comparative advantage leads to trade and this in turn leads to the reallocation of resources and the improvement of the standard of living of any nation, large or small. Modern trade theory also makes the case for exports and open trade as the causes for economic expansion. Exports and open trade foster competition, innovation, and learning-by-doing, and bring international best practices to the attention of domestic producers, spurring greater eff...

Capital Structure within Ford

...The Modigliani and Miller theory of capital structure has two propositions: 1) A firm’s total value is independent of its capital structure, and 2) the return on equity will rise and the debt to equity ratio rises in order to compensate investors for the additional financial risk. The first proposition relies on the assumptions that before tax-operating profits are not affected by capital structure neither are taxes themselves, and the firm’s capital structure choices do not convey important...

Accounting Martinez Corporation

...The Martinez Company should be employ the capital intensive manufacturing method if the units produced are identical in nature capital. They can also use the capital intensive manufacturing method if they want to be more accurate of production and a reduction in errors. This method can also reduce the average cost per unit by increasing the level of output or products sold. If the Marinez Company wanted to employ the labor intensive manufacturing method it should be employed when flexibility is ...

Homeless in America Research Paper

...1. Kurtz, P. D. P. D., Lindsey, E. P. D., Jarvis, S. M. E. ,. S., & Nackerud, L. P. D. (2000). How runaway and homeless youth navigate troubled waters: The role of formal and informal helpers. Child and Adolescent Social Work Journal, 17(5), 381-402. Retrieved from http://link.springer.com/article/10.1023/A:1007507131236 2. Heidi, M. (2011, November 16). The history of homelessness in america 1640s to present. Retrieved from http://www.dceh.org/the-history-of-homelessness-in-america-1640s-to...

Arctic Mining Consultants

...First, Arctic Mining Consultant should have Tom trains another potential project manager that already works for the company. The candidate should undergo some type of leadership training. Then Tom will engage in a leadership-training program. The candidate will be the project manager while Tom is absent. Then, the two project managers, Tom and candidate, will work as a team to direct field assistants. Tom needs a new outlook on his management style. Implementing this plan will help achieve that....

Max Weber - Bureaucracy

...In order for this structure to function properly there must be a definite split between superiors and suborinates otherwise the authority levels are undermined. Group conflicts are more likely in a “them versus us” situation, and if a manager socialises with their staff they are merging the statuses of the groups. Communications between subordinates often become a problem, as there is no difference in authority between the grades. Then there is the tall structure, which many people often pre...

Case study for Wilkerson Company

...6. In order to maintaining Wilkerson Company’s market share of valves and pumps, they have the room to reduce valves and pumps’ price, although they may do not need to reduce their price. Meanwhile, they should increase the price of flow controllers to increase gross margin of these products. The reason that the company raised flow controller prices recently with no apparent effect on demand because the products were underpriced. They should deal with the negative profitability immediately. ...

Should College Athletes be Paid?

...College athletes are greatly exploited by their universities and as of right now it is unfortunately acceptable to do so since athletes don’t receive any benefit from what they help to produce. Athletes will receive praise when they perform well, criticism when they don’t, and are brought to the university to mainly be an athlete more than a student, which can cause student athletes to be put in unpromising situations if the smallest thing were to happen: “Once you get a sport involved, th...

The New Training Program for the Carter Cleaning Company



...Asma, Stephen. "The Upside of Nepotism." Psychology Today. 12 January, 2013. Web. 3 December, 2013. Bellow, Adam. "The Atlantic." Editorial. Atlantic 1 July 2013: The Atlantic. The Atlantic, 1 July 2003. Web. 03 December, 2013. Cammeron, Brenna. "Six Tales of Top-level Workplace Nepotism." BBC.com. 21 August 2013. Web. 12 November 2013. . Corkindale, Gill. "Nepotism: Wrong for the Workplace?" Harvard Business Review. Harvard, 17 October 2007. Web. 3 December 2013. Edwards, Timothy. "Issue: Wheth...

Discrimination Is Expensive, Inclusion Is Profit

...On one Tuesday morning as I was walking my normal route I heard someone speaking Russian, when I turned to see who it was I that it was two employees of the bakery. Exited to hear my native tongue I came inside the bakery and introduced myself. After talking to them for fifteen minutes or so they recommended some good for me to try from the bakery. Ever since that day I always stop by that bakery to see my fellow comrades and buy an item or two. After talking to them I found out that they had j...

Human Resource Planning Assignment

...•Example for Stonewall would have been forecasting demand for their vinyl siding branch before its implementation. When an organization recognizes a gap in which supply far exceed demand an organization can seek out contract or freelance employees or contact retired employees in the short term. Until a longer term solution can be realized. An organization can also do some planning for short term gaps by cross training employees. When these short term gaps are identified the labour force can be...

Serving in Florida

...Although Ehrenreich is concerned for her own financial and living situations, she spends a large portion of the excerpt describing the lives of her fellow coworkers. Her main concern, obviously, is underpaid employment. The multiple characters mentioned all seem to be struggling with money and maintaining a place to live. For example, a woman named Tina is staying with her husband at the Days Inn for $60 a night. Another is living out of her van, which she parks behind a shopping center at night...

Pestle, Porter and SWOT analysis of Lukoil

...Despite having a relatively good position in the regional market of Central and Eastern Europe, LUKOIL faces strong competition. In this context, LUKOIL should increase its market share through an offensive strategy of territorial expansion and to attract new customer segments. In addition, LUKOIL should ensure implementation of new technologies for modern and efficient production in terms of cost and continues its efforts to improve product quality and competitiveness, in order to meet internat...

Butler Lumber Company

...Butler Lumber Company maintains a high level of inventory. Essentially, the company is leveraging their credit and using that to maintain their high inventory levels. As the company grows, their inventory purchases should be based on their forecasted monthly sales. In 1990 their inventory was turning 4.67 times per year, or every 2.5 months. While continued growth may make this feel necessary, the company has failed to consider external risk factors that could affect their business drastically....


...These business principles, more particularly supplier and customer relations, should be reviewed not only on first dealings but on a continuous basis. Nestle’s objective is to be the recognized leader in nutrition, health and wellness and the industry reference for financial performance. (Nestle Annual Report, 2010) Remaining at the number 1 spot in the food industry busily catering to customer orders and demands while projecting mounting sales and profits could have prevented Nestle from resp...

Recruitment & Selcetion M1

...I compared the job description and a job advertisement, I found one key difference between them. The key difference is the purpose, the job advert is created by the employer and is used to attract people to apply for the job whereas the job description is used to inform candidates about the job and responsibilities, the job description is also used to help short list candidates by using it to cross reference with their CV. I also found one key similarity between the job advert and job descriptio...

Sample Project Proposal

...1. The Local Government Unit( LGU), in coordination with the DA- LGU and the SIFACO, will do the procurement activities. 2. The household farmer beneficiaries will do the land preparation activities. 3. The DA and DAR will conduct necessary trainings and seminars. 4. The SIFACO will manage the project, formulate policies, systems and procedures that ensure the sustainability of the project, and make and submit progress reports. 5. The DA, and LGU, in coordination with SIFACO, will do the monitor...

The reason of high staff turnover rate in hospitality industry

...Invest more in the staff. “This does not just refer to compensation, which is vital to retaining top talent, but also spending the time to mentor, train and advance your staff.”(Heather Huhman 2013 cited in Lynn Dixon no date) It is because staff is one of the most important resources in a company, especially in hospitality industry. Try to arrange staff with the related skills to the corresponding position. To make sure that the staff has space for the career development. ‘Uncertainty of ...

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