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Essays on Economy

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Financial Analysis on Aftab Automobiles Company

Chapter 1 Introduction & Methodology 1: Introduction Aftab Automobiles Limited has been our selected company, which is one of the largest automobile assembling plants in the private sector in Bangladesh. Aftab Automobiles Ltd. is in this business since 1967. In 1981 the Company registered itself as a Public Limited Company. The Company was listed with Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited in the year 1987 and 1996 respectively. The principal activities of the Company throughout the period…...

Firm or Country's Competitive and Comparative Advantages

Difference between competitive advantage and comparative advantage An advantage that a firm has over its competitors, that differentiates the Product or services offered by the firm and allows the firm to reduce it’s Cost or generate Higher Revenue or Margin is known as Competitive Advantage. A competitive advantage is something that a consumer views in a product or service as having higher value than the other competitors of the firm in the industry. It is an expertise that one firm…...

Productivity And Economic Growth of Sport Obermeyer

Sport Obermeyer, Ltd. was founded by Klaus Obermeyer to provide U.S. skiers with the same protective and stylish clothing and equipment available in Germany. With a history of innovative new products and leading styles, Sport Obermeyer developed into a prominent competitor in the U.S. skiwear market selling its products in U.S. department stores and specialty ski shops. Based out of its Aspen, Colorado headquarters, Obermeyer currently offers a broad line of fashion ski apparel, including parkas, vests, ski suits, shells,…...

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Analysis of NUMMI Organization Culture

The goal of this executive summary is to identify the problems, the major causes, solutions and methods of implementation for the New United Motor Manufacturing Inc. better known as NUMMI. NUMMI though specializes in vehicle manufacturing, was having trouble producing small vehicles. NUMMI workforce also had a horrible reputation. NUMMI would like to successfully reinvent its organization culture and produce high quality vehicles. NUMMI solution is to adopt a new production and management systems. To conclude this report, we will…...

Brand Equity, Marketing Productivity And Economic Growth

Introduction In 2010, Coca-Cola has appeared at the top of the global brands with an estimate value of &78 billion. IBM has closely behind with 71$ billion. Despite those two businesses have totally different of business nature, these two firms have a significant common characteristic which is the value of their brand is extremely high. However, the value of branding isn’t only reveal in those two firms but the entire market has the common factors which are the most successful…...

Productivity And Economic Growth of Five Stars Tools

Five Star Tools is a small family owned firm that manufactures diamond coated cutting tools (chisels and saws) used by jewelers. In the past two years, the company has experienced growth and is at capacity in the coating and sharpening process. This has created a constraint, or bottleneck, that has caused the company to miss deadlines from several important customers. This case analysis seeks to provide solutions to the constraint problem. The following is a table showing the costs associated…...

Sustainability at Wal-Mart and Jamie Kennedy Kitchens

Wal-Mart’s Sustainability Strategy Given the fact that Wal-Mart’s Customer’s are unwilling to pay a premium for environmentally friendly products, how is the company deriving business value from its sustainability strategy or if not, how can it ensure that it does Wal-Mart’s sustainability strategy has further improved its already efficient supply chain, resulting in tangible benefits to the society and the environment. In the very first year of its implementation, the strategy generated more than $1B in profits. The main business…...

Future Productivity And Economic Growth of Turkey

The Turkish government is made up of democratically elected representatives of the people divided into several ruling bodies. In September 2010, a referendum on constitutional reform backed amendments to increase the control of parliament over the army and the judiciary. Turkey is a strong proponent of liberal trade and investment policies. The European Union (EU) accession negotiations have required the country to increase the role of the private sector in the economy, enhance the financial sector’s efficiency and resiliency, and…...

Class or Mass: Case Analysis

Class- or Mass?: Case Questions Neptune Gourmet is facing the problem of an inventory pileup. The company needs a way to sell the excess inventory. At the same time many new ships were purchased and expected to operate, which increases supply. Rita Sanchez proposes a cut in prices of the product by fifty percent. This price cut poses a problem due to the fact the Neptune Seafood is a premium product and usually sells for a higher price than the…...

Four Functions of Economic System in Economy

The four functions of an economic system are what to produce, how much to produce, how to produce and whom to distribute to. The market economy is one that is controlled by the people and there is little government intervention. It is also known as a free enterprise economy. The planned economy is one that is controlled by the government and there is a lot of government intervention into the way in which the economy runs. They both try and…...

The Pursuit of Economic Growth

Introduction: Economic growth is the percentage increase in total output of the economy at constant prices. In another way, Economic Growth is defined as the way that the real income of an economy increases over time. Such increases mean that real incomes have improved and so probably have living standards. Thus the raising of the standard of living is closely tied to Economic growth. This generally signifies that the economy is wealthier and producing more, individuals are better off, and…...

Economy and Economic Theory

An economic theory can be expressed as the ideas and principles that aims to describe how economies operate taking into account elements of micro and macroeconomics (Cambridge University Press, 2013; LNPU, 2010). On one hand, microeconomics pertains to how supply and demand functions in individual markets and consumer behaviour. In contrast, macroeconomics is the study of how the entire economy works as a whole for example, why there might be a specified percentage of inflation or unemployment (Rodrigo, 2012). In…...

Advantages of trade liberalization

During these last decades, the world economy has experienced rapid growth. This growth has been fueled in part by the more rapid growth of international trade. Trade growth, in turn, results from both technological developments and concerted efforts to reduce barriers to trade. Some developing countries have opened their economies to take full advantage of opportunities for economic development through trade, but many are those who abstained. Trade barriers that persist in industrialized countries are concentrated on agricultural products and…...

Marketing and Theoretical Framework of FDI

Foreign direct investment has increasingly been identified as a major growth-enhancing component in most developing countries. FDI promotes economic growth in the host country in a great number of ways. From a more compressed perspective, these effects of foreign investment could be direct through a certain investment source or indirect through certain spillover effects. In a more broad view however, FDI could be said to put pressure on the firms in their host countries to improve their competitiveness leading them…...

Patagonia Challenge

-Established in 1972, Patagonia is an outdoor-clothing company known for its green business model. It was founded by Yvon Chouinard who has “ turned his passion for outdoors into an amazing business” -Patagonia represented an “experiment” to challenge conventional wisdom and present a new style of responsible business. Patagonia strived to build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to the environmental crisis. -Patagonia’s product line was composed of 4 main product…...

Building Information Modeling

What Is Bim? Building Information Modeling (BIM): A Gateway for the Future Building Information Modeling (BIM) is a process of creating and managing building data during its development. Is a three-dimensional, real-time, dynamic building modeling computer program in which you can increase productivity throughout building design and construction. This process produces the BIM, which then inter-connects the building geometry, spatial relationships, geographic information, quantities and properties with all the related building components. What Is Bim? BIM Basics BIM makes a…...

SK-II vs Global company P&G

Paolo de Cesare heads to Japan to make a decision on one of P&G’s most successful and fast growing products – SK-II. SK-II was a high end product that had developed a strong following among Japanese women, who were increasingly conscious about skin care and willing to spend a significant amount of their income. Cesare must decide among three options: continue to focus on the Japanese market, introduce the product in china, or introduce it in Europe. Decision After careful…...

Advantages and Disadvantages of Manufacturing Tnc's

Use the statements to help you construct an answer to the following essay questions “TNCs have had a positive impact on the level of development in both developed and developing countries. Discuss.” “TNCs have proved socially, economically and environmentally destructive in both developed and developing countries. Discuss.” TNCs TNCs help develop mineral wealth in countries that might not otherwise be able to capitalise on local resources Positive multiplier effect usually means that the presence of TNCs in a country improves…...

Difference Between Branding and Brand Equity

“Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending”. (Bard qtd. in. ThinkExist. com) This quote shows one fact that the process of ‘branding’ is endless. Because, simply, when ‘brand equity’ is known or measured, the brand could be protected and managed properly. This essay aims at giving an overview of the ‘branding’ and ‘brand equity’ terms or concepts to show the difference between both of…...

Competency Model at Barker Foods Company

This paper examines whether a standardized competency model can be applied to an organization such as the fictitious Barker Foods. The case study established the foundation for the perception one was needed by the Human Resource (HR) director, Ann Baxter. Some of Barker’s executive leadership is resistant to the idea, while others fully supported the concept. In fact the CFO informed Baxter that any attempt to implement such a strategy would undermine the spirit of entrepreneurship the Baxter needs more…...

Productivity And Economic Growth by Shifting PPC

In economics, the Production Possibility Curve (PPC) is based under the field of macroeconomics. The production possibility curve (PPC) is also termed as the production possibility frontier (PPF), a production possibility boundary or sometimes called product transformation curve. It is defined as a curve that illustrates the possibility of producing two goods or services within a specified time with all the resources given such as (labour, land, capital and the technical knowledge). As we can see, here is an example…...

Political Ideologies and Foreign Investment of Starbucks Company

As we have seen from the case study, Starbucks prefers not to just franchise and license its format when it tries to expand overseas, but as in the case of Japan and China, the firm prefers utilising joint-venture arrangements, mergers and acquisitions and horizontal FDI to exercise control and ensure standards are at a certain level for all foreign stores (they trained the local workers to emulate the original standards set in the US). Only after Starbucks are convinced the…...

Overall Quality Management in United Airlines

The concept of Overall Quality Management has led the way for numerous organisations to adapt to the ever altering demands of the marketplace. Due to the fact that of this concept, lots of large business such as United Airlines have already included TQM to back up their goals in maintaining superior customer complete satisfaction by providing the very best item bundles and services. Why does an organization need to execute a consumer targeted quality concept? Essentially, the answer to this…...

Frederick Reichheld's Article on Company Growth

Summary The article, “The One Number You Need to Grow” by Frederick F. Reichheld discusses the use of a simple measurement that could predict company growth rate through customer recommendation, referral, and repurchase behavior. Companies such as the Enterprise relied on the traditional customer-satisfaction assessments that measure the quality of their customers’ rental experience and the possibility that they would rent from the company again. This simple process may have given the company the advantage of determining the ranks of…...

Economic Growth and Its Importance

This essay will provide a unique perspective regarding the impact of economic growth and the importance of economic growth. This essay will also provide the argument of the research found that will provide how economic growth can lead to increased prosperity in the developed, the underdeveloped, and emerging countries. What is economic growth and why is economic growth important? According to Webster’s online dictionary, ‘Economic growth is a steady growth in the productive capacity of the economy and so a…...

United Nations Organisation Development Goals

Development Goals As development to be accomplished, the sustainable development has been defined. It has following criteria's which harmonize of three core elements. There are, Economic growth Social inclusion Environmental protection These three major elements are interconnected, and also there are crucial for the well-being of individual and societies.In 2015, the 2030 agenda for sustainable development goals were adopted many countries. The sustainable development goals build on the millennium development goal's success. These agreements procure a set of common standards…...

Analysing AirAsia Organisation

Background of the organization AirAsia Asia's largest low-cost airline. AirAsia is founded in December 2001 by Tony Fernandes (Fernandes) and Dato Kamarudin (Kamarudin). The head quarter of AirAsia (Red Q) at Kuala Lumpur, Malaysia which is modern office and excellent for employee. Fernandes and Kamarudin had no prior experience on operate airlines however they lead AirAsia into one of the fastest growing and most successful low fare airlines in the world. A company success comes from reason. Besides the marketing…...

JIG: Increasing the Productivity

INTRODUCTION OF JIG It is a work holding device that holds, supports and locates the work piece and guides the tool for a very specific operation. Increasing the productivity and accuracy are the two basic aims of mass production. As we know the solution to this is by reducing the set up cost of the machine and also reducing the manual fatigue. In this case the device that caters our needs is the use of jigs. Let us take one…...

The Need for a Derivatives Exchange in Zimbabwe

The preconditions of establishing such an exchange and the risks associated with the use of derivative securities in the Zimbabwean economy. Abstract This report seeks to highlight the need for a derivatives exchange market in the Zimbabwean economy as a panacea to strengthen its financial sector. It is believed that use of derivatives can help stabilize the economy and also enhance its growth. Introduction The corporate use of derivative financial instruments such as forwards ,futures, options and swaps has been…...

Political Crisis and Bringing California’s Budget

Summary One of the major reasons for the enduring political crisis in California is that the state budget and major decisions on tax increases have to be passed by the two-thirds supermajority. California is the only state to require the supermajority in both scenarios, while only two other states require two-thirds of votes to take decisions on budgets. It appears that the only way to make California’s politics functioning again is to replace the supermajority with the simple majority. At…...

Agricultural Revolution, Productivity And Economic Growth

Throughout history a so-called agricultural revolution has been detectable in every age. From the Neolithic period, from ancient Egypt, through to Rome, thirteenth century England, Britain in the 1860's, and again in the 1950's, are all given dates to when agricultural revolutions have taken place. In this essay, however, the term `agricultural revolution', is used to refer to the, roughly, one hundred years after 1750. In fact, the term itself is somewhat misleading, as the word `revolution' means a full…...

Purpose of a Project Scope/Baseline

Defining project scope is the process of developing a detailed description of the project and product. The processes used to manage project scope, as well as the supporting tools and techniques, vary by application area and are usually defined as part of the project life cycle. The approved detailed project scope statement and its associated WBS and WBS dictionary are the scope baseline for the project. This baseline is then monitored, verified, and controlled throughout the lifecycle of the project.…...

Reward Systems & Incentives

Introduction Reward Systems, or appraisal systems as it can also be called, are important for any company. A reward system is defined as a structured method of evaluating and compensating employees based on their performance. The compensations and rewards are known as incentives to the employees. The incentives can be bonuses in pay or added vacation or sick days, among other things. Reward systems can help to boost company morale, as well as productivity levels which increase overall revenue for…...

The responsibilities of an Executive Assistant

The responsibilities of an Executive Assistant play an important role in the overall business operation of an organization. An Executive Assistant has an essential contribution in the company especially in terms of helping the President to make his or her job easier. In relation to this, an Executive Assistant also aid in making the President manage all his or her responsibilities by helping him or her in organizing appointments, preparing reports, handling confidential correspondence, and other related responsibilities. As such,…...

The concepts of the Toyota Production System

The Toyota Production System (TPS) commonly referred to as lean production in America, has been a popular trend among American firms to remain competitive. Toyota learned how to do more with less by eliminating waste and has now become a world-wide manufacturing icon, especially in the auto industry. American manufacturing is now playing a game of catch up and has left the mass production, batch-and-queue era in an attempt to become more 'lean'. Lean manufacturing has become one of the…...

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