The Republic of Ireland's Economy Past, Present and Possible Future and Ryanair
The Republic of Ireland's Economy: Past, Present and Possible Future and Ryanair Having battled through harsh poverty during the early nineties, Republic of Ireland had recently been referred to as a "Celtic Tiger", an analogous term for the East Asian Tigers, the rapidly growing economies of Hong Kong, Taiwan, Singapore, and South Korea. Ryanair's website states that "Ryanair was Europe's original low fares airline and is still Europe's largest low fares carrier." In this text I will attempt to assess the past, current and future prospects of the Irish economy focusing on the key aggregates. In addition, I will assess the vulnerability of Ryanair and its degree of exposure to macroeconomic shocks. Furthermore, I seek to advise them on an appropriate strategy to manage uncontrollable external shocks. In the past, Ireland has been on the receiving end of a lot of economic devastation. Pre-independence, it was the recipient of two famines in the eighteenth and nineteenth century. "Between 1845 and 1850, the population fell by about 2 million, 1 million died and 1 million emigrated." (Munck, 1993, p.14) Furthermore, after the Irish War of Independence in 1921, Ireland gained independence from Britain and later formed the Republic of Ireland. However, it wasn't all good news for the new state. The economies of the Northern and Republic of Ireland were very weak.
Business Policy
ASSIGNMENT FEEDBACK FORM Student Number: 0910573 Academic Year 2010 Semester: 5 Level: HE6 Centre (off campus): Cohort/Intake number (off campus): 04 Assignment Number/Title: An External Analysis of Wall's brand in Vietnam Module Code/Occ./Title: Business Policy (BST3003) Marking Tutor: Dr. Julian Coleman Deadline: 2 July 2010 Date Handed In: 2 July 2010 Weight: 50% Relevant Learning Outcomes: Achieved? Y/N Identify the importance and effect of strategic models to organisations Understand the role of corporate strategies in sustaining business goals and in enabling rational resource allocation Communicate in an effective fashion expected of a professional accountant the skills of a professional accountant in the areas of strategy Feedback: Excellent Good Satisfactory Poor Very poor Structure (layout, planning, flow) Relevance (to brief/learning outcomes) Evidence (research sources employed) Understanding (cognitive awareness of subject area) Reflection (description/analysis/critique - appropriate to level) Presentation (use of English and tables/figures/ appendices) Referencing (in text, in Bibliography/Reference List) Comments Areas for Further Development st Marker's Grade Moderated Grade Turn-it-in Y/N? BUSINESS POLICY
An Analysis of National Bicycle Industrial Co.
Executive Summary Mass customization theorizes that companies can develop, produce, market and deliver customized products and services on a mass basis. Supporters of mass customization argue that this strategy allows a company the flexibility to meet the constantly changing demands of consumers, who continuously demand higher quality, lower priced products and services delivered in a relatively short amount of time, but which are also highly customized. Most importantly mass customization implies that, by automating the customization process, companies can produce the custom good at costs competitive with standardized goods. Proponents of mass customization point out that with this strategy, low costs are accomplished primarily through economies of scope rather than scale: "Economies of scope are realized by the application of a single process to produce a greater variety of products and services more cheaply and more quickly." (Joseph Pine II, author of Mass Customization: The New Frontier In Business Competition.) To achieve the goals of mass customization, a company must address major shifts in operating methods throughout the organization - engineering, manufacturing, and marketing - including the supply chain, with the creative use of automation and technology. Companies such as Dell Computer, HP, Toyota, Levi Strauss and Lutron Electronics have employed this
The Federal Reserve System.
Introduction Before the Federal Reserve System we need to understand why it was necessary to change the system and create a new system .Their was just a banking system in which their was weaknesses that gave rise to the Federal Reserve System. It is important to know the history of the banking system, and why the Federal Reserve System is more efficient than the classical old banking system. In 1863 and 1864 National Banking Acts were passed to provide for the national banking system. With the acts passed the banks were allowed to receive national charters, capital and set reserve requirements on deposits. Banknotes were established, and can be issued against U.S government securities which are owned by the banks, but held at U.S treasury department. During this period state-chartered banks and un-chartered "Free Banks" took action; issuing their own notes. Demand Deposits were used to enhance commerce. The main problem with the national banking system was that it lacked the ability to carry out other bank activities that were essential to a functional operating financial system. There are three important requirements for a banking system to operate functionally and that includes first an efficient national system, second an "elastic" or "flexible" money supply such as fiat money which is backed by government, and third a lending and borrowing
Conservative Consulting ltd - Proposal and investment Plan, conservative consulting's investment proposal for Mr roberts.
CONSERVATIVE CONSULTING LTD PROPOSAL AND INVESTMENT PLAN CONSERVATIVE CONSULTING'S INVESTMENT PROPOSAL FOR MR ROBERTS EXECUTIVE SUMMARY Conservative Consulting Ltd is a leading provider of customised management and investment-consulting services utilising accomplished investment and business executives. We bring experience in building successful million pound plus asset management portfolios. Our aim is to help clients identify and implement key strategic initiatives, investment services/policies, tax efficient and socially responsible investments to help them increase sales/assets, income, profitability and personal satisfaction. With decades of management experience in all aspects of investments and business disciplines we work beside you to provide timely execution, customised solutions, follow-through, honesty and integrity. Our responsibility is to you. Conservative Consulting Ltd does not manage money or transact securities so we are not in competition with you. HAVE OUR EXPERIENCE AND SUCCESSES IN INVESTMENT AND MANAGEMENT WORK FOR YOU. CONTENTS PROPOSAL AND INVESTMENT PLAN CONSERVATIVE CONSULTING'S INVESTMENT PROPOSAL FOR MR ROBERTS INTRODUCTION 1.1. PORTFOLIO CLIENT This portfolio has been produced for Mr. Roberts, a university professor at the University of Nottingham who approached Conservative consulting with the aim for us to invest a sum of £300,000
Tiger or Dragon, who's next?
Who would be the next global super power - India or China? It is inevitable. The rate at which the economies of India and China are growing, it is time that one of them is crowned the undisputed global leader. INDIA - A resilient and vibrant democracy, a multicultural nation with a complex mix of race, religion, caste and language and a rich artistic heritage that can be excavated all the way back to Harappa. Five million cell phones sold in the last month. GDP touching 10 per cent, sensex flirting with the 20,000 point mark, Indian computer scientists forming the bulk of Silicon Valley, IIT trained engineers working all over the world and also finding time to appear in Dilbert comics. Well, it is spring time in India. On the other had, we have China. The story of superlatives here is not just restricted to the population figures. The largest and most modern stock exchange - Shanghai Stock Exchange; tallest TV tower (Shanghai) and the longest Olympic torch relay ever all the way to the Mt Everest. Well, China has been delivering and the whole world is taking notice. Rapid economic growth, global trading ties, and expanding diplomatic cooperation have pushed China to the first rank of nations. The Chinese economy has been growing at 9.67 per cent since 1978. In 2006, it reached a staggering 10.7 per cent. China's research and development budget has been growing at 20 per
Employment Relations - Are social partnership agreements a sign of union and management weakness?
Nikki James Tutor: Dr Ian Kessler Essay Week 4 Employment Relations Are social partnership agreements a sign of union and management weakness? Social Partnership, "represents an attempt to define a role for trade unionism which balances its central concern to represent employees' interests with a productivist appeal to employers and government." (Claydon, 1998) Social partnership, according to the Trade Union Congress (TUC) is based on four main elements. These elements are: ) employment security in return for acceptance of new working practices 2) collective employee voice in organisational decision-making through wider consultation 3) fair financial rewards 4) investment in training (Claydon, 1998, Monks, 1998) The idea of a partnership is that the concerns of both employers and employees are addressed. Employers and employees can then identify the issues that are common goals, to create a 'win-win' situation. They can also negotiate conflicts, for example by workers accepting new working practices in return for higher employment security, in fact Monks (1998) identifies this example as the heart of the partnership approach. This is the first prong of the partnership concept. An example is the 1996 agreement at Blue Circle where employees received guarantees of employment security provided they were prepared to undertake a range of jobs. The second prong
Explain the concept of dynamic inconsistency - Is the condition of the government aiming at a level of output above the level consistent will full employment crucial?
Questions 3: Explain the concept of dynamic inconsistency. Is the condition of the government aiming at a level of output above the level consistent will full employment crucial? Does the introduction of an electoral cycle, with uncertainty over the outcome of the elections exacerbate the problem? To understand the concept if time inconsistency the optimal policy of government and wage and price setters needs to be considered. It would seem obvious that it is preferable for both of these organisations to operate within an economy characterised by low inflation and full employment. But Kydland and Prescott argue that there is an incentive for the government to cheat and deviate from the plan that was agreed with the wage and price setters. Since these wage and price setters are rational they realise that this is the case (if it has occurred once before), and they adjust their expectations to incorporate the expectation that the government will cheat. But if wage and price setters lock themselves into contracts, committing themselves to SRAS0 (short run aggregate supply curve), in the diagram below, then the government incentive to cheat leads to a movement from point A to B so that the government can benefit from higher inflation (with higher monetary growth). The benefit can be seen from the fact that the government is now on a higher indifference curve since it has
What Determines the Level of the Interest Rate in the UK?
What Determines the Level of the Interest Rate in the UK? Show How Changes in the Interest Rate can affect Economic Growth. Through the essay, I will explain how the money market determines the level of interest rate set in the UK and show how economic growth is affected by changes in the interest rate, referring to inflation and the monetary transmission mechanism. Interest rates is the price people pay for money and because economic activity takes place according to how much money goes through the economy, the rate that the interest is set at influences how much money is spent. It is money that is exchanged for goods and services, it is how much goods and services are measured by and it is the value that can be held to pay for goods and services at a later date - the most important item in economy. In layman's terms, a change in interest rates encourages or discourages borrowing, and therefore economic growth increases or decreases accordingly. The definition of interest rate is simply the opportunity cost of holding wealth in either the form of money or an asset bearing interest (Parkin et al, 2005). If people do not have enough money, which is a necessity as it is a means of payment for nearly all good and services, they would have access to money from a lender, who would put a price on the loan they borrow; an example of the interest rate. As the interest rate is
The price of oil has recently reached new highs and Britain now has some of the highest taxes on petrol in Europe. Examine the impact on the consumer demand for car, bus, and train travel of a further increase in the costs of motoring. In your essay, you
Economics Level 1 Q1) The price of oil has recently reached new highs and Britain now has some of the highest taxes on petrol in Europe. Examine the impact on the consumer demand for car, bus, and train travel of a further increase in the costs of motoring. In your essay, you should make use of economic concepts such as demand, price elasticity, and income elasticity. Matriculation Number: 0509206 Tutorial Group: 11 Words count: 1258 Tutor's Name: Hilary Macleod Introduction: Why does the price of oil keep escalating over the past century, and recently reach new peaks? In general, the answer to the question is directed to few main contributing factors that are unexpected closure of oil production, on-going Iraq war, destructive natural disaster and further increment of government taxes on petrol. These factors closely play a part in affecting the supply and demand of oil in the commodity market where the consequence of these factors often raised the price of oil. Taking an illustrative example, one can observe clearly that the unexpected closure of a major oil production (Anadarko Petroleum Corporation) in Gulf of Mexico due to the storm of Hurricane Rita (www.oilonline.com, 2005) has significant impact on reducing world's supply of oil where the reduction in supply ultimately increases the price of oil even when the demand for oil remains unchanged. Economists usually
