"The costs of a faster rate of economic
"The costs of a faster rate of economic growth in the UK would exceed the benefits." Discuss. Economic growth is a sustained increase in total output or output per person for an economy over a period of time. For economic growth to be achieved, there must be an increase in either the quantity and/or the quality of resources. Economic growth usually occurs when there is a change some of the factors of production. The land can be utilised better with technological advances, and these can improve the company's output, causing economic growth. The size and quality of the labour force may increase. Among the possible causes of a rise in the sizes of the labour force are immigration, a rise in the retirement age and more lone parents entering the labour force. The two main causes of a rise in the quality of the labour force are improvements in education and training, a more educated and better-trained labour force will increase productivity. When a company invests in more capital this is used to help the company to advance, and would cause economic growth. The productive capacity of most economies increases each year. In industrialised economies this is due mainly to improvements in educational standards and advances in technology. In some developing economies it is also due to rises in the size of the labour force. We can predict how much the economy will rise. This is called the
How work dominates life in the late 1990s. Traditional roles between men and women are changing. But have organizational policies changed to reflect these new roles?
Synopsis How work dominates life in the late 1990s. Traditional roles between men and women are changing. But have organizational policies changed to reflect these new roles? Who needs to change? Organizations change in response to change family roles or workers change to fit into organizations' culture. Table of contents Synopsis 1 Table of contents 1 Introduction 2 Problem Identification 2 Generation and Evaluation of Alternative Solutions 3 Recommendations 6 Implementations 6 Conclusion 7 References 8 Appendix I 9 Group Process Journal - 1 9 Group Process Journal - 2 10 Group Process Journal - 3 11 Appendix II 12 Appendix III 13 Figure 1 : 13 Figure 2 : 14 Introduction In the old day, Dad went to work and Mum stayed at home taking care for the kids. Today's their roles are changing. Some of the organizations may want to balance family and work responsibilities and change the organizational polices. Jeff Coulter was an employee in Microsoft. He worked 50 hours in the office every week. In fact he would like to go to work finishing his task and get home earlier. He usually leaves office at 5 or 5:30 p.m. every day. Unfortunately, Coulter was fired because Microsoft said that Coulter had not met the performance of his job duty but Coulter does not think so and believes that Microsoft discriminated against him because of his family status.
The beach carrier case study evaluate different issues concerning a beach bag
Zaineb Sefiani MK 170 02/15/2005 Case Study Analysis The purpose of this case study is to evaluate different issues concerning a beach bag. Mary Ricci, an entrepreneur, has hired a consulting company to study this new product concept she is willing to introduce to the market. I have chosen to look at the strengths and than the weaknesses. At the end of this case study analysis, I will give some recommendations to help the company do better. The Strengths The first and the most important thing to point out is that Ricci is "creative, optimistic, enthusiastic, flexible, and motivated." I think that it is extremely important to have someone who is devoted and creative. Therefore, Ricci seems to have all the necessary skill to be a successful entrepreneur. Concerning the product, I think that it has some advantages. The first strength about this product is the number of pockets. I think it is important to have a lot of pockets in a beach bag because it allows one to be organized. Another advantage is that Ricci want to provide her customers with a variety of colors. The will allow her to satisfy potential customers that differ in tastes. This strategy will also give Ricci a competitive advantage in comparison to her competitors that offer at most three different colors. Finally, the online selling seems to be a good idea to start with regardless the disadvantages it might
CAPM and its significance
CAPM and its significance Introduction In almost every economics textbooks (Ben and Robert, 2001), economists tend to argue: everything's market price is determined by consumers' demand and supply in the market, the intersection of which gives us the long-term concept of 'market equilibrium'. Although it sounds straightforward, it is anything but easy in practice, especially when the assets (like common stock) you are measuring associated with risk and future uncertainties. Fortunately, economists and financial analysts have developed plenty of theories to help us explain how the risk for market assets can be appropriately measured in our life. Capital Asset Pricing Model ('CAPM') is one of the most influential and applicable models, which give good explanations and predictions of 'market price for risk'. This essay is going to look at what the CAPM really is, how it is derived and used, and will also see some limitations of applying it in practice. Assumptions First of all, we have to make some assumptions here, as the CAPM is developed in a hypothetical world, as written in the theory of business finance (Archer and Ambrosio, 1970): * Investors are risk-averse individuals who maximize the expected utility of their end-period wealth. * Investors are price takers and have homogeneous expectations about asset returns that have a joint normal distribution. * There exists
Assess the usefulness of the marginal productivity theory of wages in explaining how wages are determined.
Assess the usefulness of the marginal productivity theory of wages in explaining how wages are determined. Many theories have been advanced to explain the nature of wages. The first of them was the subsistence theory of wages, also called the "iron law of wages," of which David Ricardo was one of the main exponents. The theory maintains that wages cluster around the bare subsistence level of workers. A wage rate much above the subsistence level causes an increase in the number of workers; competition will then lead to a depression of wages back toward the cost of subsistence. Wages that are below subsistence reduce the size of the working population; in that case competition will raise wages, but only up to the subsistence level again. In the surplus-value theory as propounded by Karl Marx, the value produced by the worker in excess of what is paid in wages is called surplus value. The surplus value, exacted from the worker, constitutes the capitalist's profit. The wage-fund theory is that wages are advanced out of a fixed fund of capital, from which an excess withdrawal, either through legislation or through union pressure, will ultimately reduce the amount available for other workers. Any increase in wages would also have to be taken out of profits, and their reduction would cause a decline in savings, which provide the capital from which the wage fund is derived. The
Staff training is very important to all businesses, including IKEA because:
Training and Development Staff training can be defined as, 'a process of constructing an individual about how to carry out tasks directly related to his or her current job'. Development is concerned with growth and is not specifically job related. Staff training is very important to all businesses, including IKEA because: * it helps employees to increase efficiency in their current jobs * it helps the organisation to meet its targets for developing and keeping people with the right skills to meet future needs * it balances the needs of the organisation with those of the organisation Types of training methods There are number of types of training methods, e.g.: * Induction training * Mentoring * Coaching * Apprenticeships Induction training The purpose of induction training is to help a new employee settle down quickly into the job, by becoming familiar with the people, the surrounding, the job and the organisation. A typical induction programme may include: * Introduction and welcome to the organisation * Layout of the building * A summary of the policies of the organisation * Specific rules and procedures, including health and safety * Benefits and terns of employment * Job details * Induction to key staff * Facilities available Induction training is very important to IKEA, because it helps the business to make the new employee effective, as quickly
Iso 9000 - John Oaklands model for total quality management.
ISO 9000 IAN SCRAGGS JOHN OAKLANDS MODEL FOR TOTAL QUALITY MANAGEMENT John Oakland has devised a model for total quality management, which is widely used when looking at the subject of quality At the core of John Oakland's model is the customer-supplier interface, both externally and internally and at each interface lie a number of processes. This core must be surrounded by commitment to quality, communication of the quality message, and recognition of the need to change the culture of the organisation to create total quality. These are the foundations to which are added the systems, tools and teams, which are the management functions. Customer supplier chains There exists in each office, home or department a series of suppliers and customers. These are "quality chains" and they can be broken at any point by one person or piece of equipment not meeting the demands of the customer, internal or external. Failure to meet the requirements in any part of a quality chain has a way of multiplying and failure in one part of a system creates problems elsewhere, leading to yet more failure and problems. The ability to meet customer's requirements (internal and external) is vital. To achieve quality throughout the organisation each person in the quality chain must be trained to ask the following questions at every customer interface. The price of quality is the continual
Business studies work
GCSE business studies coursework Introduction My aim is to produce a business report for Tiger River Bengal. I have to evaluate the marketing strategy of Tiger River Bengal making recommendations on whether the marketing mix should be changed in anyway. I have chosen to use Tiger River Bengal in my coursework as I know the product well. I am going to use the internet to collect data such as how the product is marketed. I will also be distributing questionnaires to people via the company Hotspring spas ltd, as they distribute the product. I am going to do this so I can find out their opinion of the product and how it is advertised. I will be writing to Hotspring spas to ask them for information about the 4p's of the product. I will present the data from the questionnaires in various graphs and charts as it will be easy to intemperate to see and understand. Tiger river Bengal questionnaire I am doing this questionnaire about Tiger River Bengal for my business studies coursework. I would appreciate it if you could take a few minutes to answer the questions. Thank you for your time. Please tick the appropriate box. . What gender are you? Male [ ] female [ ] 2. Which age group do you fit into? 0 - 15 [ ] 6 - 20 [ ] 21 - 25 [ ] 26 - 30 [ ] 31 - 35 [ ] 36 - 40 [ ] 40+ [ ] 3. Have you ever heard of Tiger River Bengal? Yes [ ] No [ ] Don't know [ ]
Unit 3 - Investigating Financial Control
Unit 3 - Investigating Financial Control I have recently completed my BTEC First Diploma Business and have been employed by Pedro, who owns and runs a hot dog van. He has asked me to investigate his finances; I will be creating a break-even chart for his business. A) Three types of costs to businesses are start-up costs, fixed costs and variable costs. Before a business is set-up, the business will need to buy various items such as building and equipment these are called start-up costs, these costs which happens before the business can begin. These costs also occur when a business expands or decides to star a new venture. Fixed costs are costs which usually occur when the business has begun; these costs remain the same for a period of time and do not vary on output. This means that the business needs to pay the bills whether it sold 100 units or 0 units. Fixed costs are also called indirect costs; these costs include rent and rates. Variable costs are costs which occur once the business has been set-up. This costs varies on output and is also called direct costs, an example of this cost are the amount of hot dogs vendor requires this depends on the amount it sells. Revenue is the amount of money received from all of the businesses activities. The main sources of income for most businesses are its sales which include money received from its customers who buy its
Marketing Mix.
Marketing Mix The most important thing about marketing is to identify what the consumers' needs are, and then try to meet them. This is called consumer-orientation. To find out what these needs are, a firm's marketing department or a specialist research organisation carry out extensive market research. The 4Ps and the marketing mix The 4Ps are the ideas to consider when marketing a product. They form the basis of the marketing mix. Getting this mix right is critical in order to successfully market a product. The 4Ps are: . Product 2. Price 3. Promotion 4. Place If market research is carried out effectively, a company can plan a promotion for the right product, at the right price, and to get it to their chosen market, in the right place. Product A product can be either goods or a service that is sold either to a commercial customer or an end consumer. A customer buys a product, and a consumer uses it. Sometimes these are one and the same, as an industrial firm can also be a customer and a consumer. For example, British Airways might buy aeroplanes from British Aerospace, so it is a customer. It won't sell on the planes to another buyer, as BA needs the planes to provide its service, so it is also a consumer. Sometimes a wide product range covers both (Mercedes produce lorries for haulage companies, and cars for domestic use). More commonly, there will be a
