Basel Accord can be explained as a number of regulations laid by the Basel Committee on Bank Supervision (BCBS) to keep a check and balance on their different type of risks like operational, market, and capital. They provide regulations on maintaining regulations to ensure financial stability in case of any...
The price elasticity of demand is the responsiveness of the quantity demanded to change in price. Alternatively, one can define price elasticity of demand as the percentage change of quantity demanded with respect to the percentage change in price of the same commodities. In economic terms, elasticity is a sensitivity...
Models Of Exchange Rate Determination Exchange rates refer to the rates at which local currencies are exchanged for foreign currencies in international transactions. The study of how exchange rates are determined is necessitated by the fact that international trade is an important component of the economy. Exports and imports play...
Educational, social, psychological, and ethical qualities that Coca-Cola Company seeks in its employees According to (Pendergrass, 2000 pp35-37), Coca-Cola company employees are supposed to be educated on how to handle customers so that they can attract potential customers and retain them in future. Integrity helps to promote good virtues where...
By the term trade deficits it is obvious that US is consuming more than its gross output. Thus it could be mentioned that the country is investing more than saving. Investment on other hand an asset on a long term basis and is a continuous process. Thus it is logical...
Introduction HK Corporation, manufacturing plastic products is confronted with the problem of unable to meet the budgeted sales and profitability. While the targeted sales in terms of monetary value and the expected net income for the ensuing budget period is set by the managing director of the company, the individual...
Introduction In the contemporary extremely competitive and global market, competitive advantage lies in managementâs aptitude to merge corporate-wide technologies and production expertise into competencies that give power to individual businesses to become accustomed with rapidly changing opportunities and proper strategy in organizational behavior holds the key. Thus, as a Director...
The traditional and the most developed form of international economic relations is international trade. The contemporary international economic relations, characterized by the active development of world trade introduce many new and specific aspects in the process of national economies development. There are many models which are concerned with the theorizing...
Conflict is prominent in every activity of life and prevails from time immemorial. Implementation of any activity comes across a conflict approach. In an organization, there are many factors where most of the situations lead to a conflict. This arises when a particular decision or change is to be adopted....
Introduction In recent years, massive urbanization does culminate in socio-economic and political change. Although violence is not the inevitable outcome of such processes, it still is an outcome of sufficient frequency that we are confronted with an apparent correlation that must be explained. The concern should be with the broader...
Introduction This essay shall explore planning as a function of management. Accordingly, its definition and importance shall be provided. In addition, the various elements of planning shall also be explored. The relation between planning and organizing will be examined as well, in addition to an assessment of the relationship between...
Monopoly A monopoly is a market structure that is characterized by one supplier of a particularly unique product or service which has got no close substitutes. The result is that the firm becomes a price maker for its products and services rather than being a price taker. The existence of...
The exploitation of the new blue ocean is basically a combination of educational products, such as revision CD-ROMs, with remote-controlled toys. Although we have now moved into the educational toy industry, we have created a new marketplace that has never existed before. Therefore, firms in all three industries mentioned above...
Toyota is a motor manufacturing company that serves almost 0.35 million people globally. This company is unique as compared to other auto manufacturing companies because, although it has the same product development process as other automakers, its entire tier supply processes are different. Toyota Company has incorporated its tier procedures...
Introduction Strategic planning and management are appropriate for comparatively uncomplicated and steady conditions because such conditions are based on evaluation and predictions. Yet, with the advancing socio-economic structure, the business conditions are getting more and more complicated and unpredictable which brings in contradictions that make strategic management and planning be...
Introduction The North American Free Trade Agreement (NAFTA) is a trade agreement signed by US and its northern American countries sharing a common border, that is, Canada and Mexico on 17 Dec 1992 and took effect on January 1, 1994. The agreement was intended to lower trade barriers between the...
Globalization and international business International business has never been a simple matter. In point of fact, with the diversified number of countries which engage in global business, the challenge is anything but easily surpassed. There are many lessons to be learned in gaining an international view of economics. Education about...
Introduction A business opportunity is a conducive set of circumstances which give rise to need for new services, products or business ideas. It can also be defined as a business plan that an investor wants to pursue after doing the risk and reward analysis. The entrepreneurial idea may be provoked...
Introduction The cultural concept is important to manage an organization. It includes various norms, principles, work culture of employees of an organization, and their performance. Culture is not easy to express but the members of an organization realize a particular culture when they come to that sense. Culture has a...
The term HRIS stands for a human resource information system. It is an automatic database, which is used for collecting and managing information about the employees. At a broader level, the primary function of HRIS is to help the management in decision making. The HRIS comprises information such as employee’s...
Introduction From the point of view of banking and finance, the international baking industry can be stated that is quite equipped and can yield benefits from the Islamic banking system which is quite helpful in the context of establishing a business in the Islamic world. The concept of the Islamic...
Introduction âA passionately argued, incendiary polemic⌠Schlosser has a flair for dazzling scene-setting and an arsenal of startling factsâ (Schlosser unpaged). This eloquent quotation is taken from âLos Angeles Timesâ review of the book âFast Food Nation: The Dark Side of the All-American Mealâ by Eric Schlosser, a brilliantly endowed...
The supply chain describes all the path of the materials which they pass from the very beginning to the ending point which is the retailer or the customer. In practice, the majority of organizations receive the materials from a list of different suppliers and transfer production to different consumers. Therefore,...
Introduction The Great Depression was an economic downturn that mainly affected the industrialized nations of the world in North America, Europe, and the Far East during the period running from 1929 to 1939. It happened to be the longest and the most devastating depression in the world. The depression was...
The relation between trade and world output World output and international trade are closely related and since, we have a global market we feel both their positive and negative effect in tandem. Considering a particular year, the total sum of international trade that takes place directly affects the quantity of...
Table of Contents Demand Changes in real income of the buyer Consumersâ confidence Jobs Changes to the system of housing taxes and subsidies Ability to get credit Supply Changes in Housing Prices as a result of changes in supply and demand Changes in demands Changes in credit and expectations Changes...
Governments always attempt to attract foreign investment for expected beneficial impacts on wages, employment, technology, balance of payments, and growth. Most of the times, it is also advantageous for the nations to encourage free trade to ensure prosperity and cultivate healthy economic environment. It is worth mentioning that the positive...
Introduction Aids programs were mostly initiated by most of the Western countries during the independence of the African states in the 1960s. African governments were encouraged to adopt policies encouraging industrial growth and plan developments. Increased poverty eradication was the focus of donor aids in 1970s, with a priority of...
Foreign Direct Investment (FDI) is the method in which multinational companies add control or ownership of manufacturing amenities in other nations. When a company has control over a foreign company in having in it a stake of more than 10% of its equity, the former company is known as the...
This report analyses the strategies of achieving and sustaining the competitive advantage in todayâs competitive business world. It looks at the various measures and strategies that the companies can adopt in order to ensure a competitive edge ahead of their rivals. Introduction In the business world today every business is...
The market environment today has assumed a different direction especially due to the rising technology. The changes in tastes and fashions have laid a big challenge for the business environment and for most global companies. They have to keep updating their marketing skills for their products in order to be...
Outline Introduction Effects of Foreign Direct Investment on Globalization FDI of USA FDI of India FDI of China FDI of Brazil FDI of EU Conclusion Introduction Foreign direct Investment can be defined as a strategy whereby a company which originates from a different country makes investment in another country which...
Monetary policy refers to the regulations that are there on a countryâs supply of money and the interest rates that go behind it. Monetary policy is an important set of regulations since for instance in the U. S., inflation, stabilization of currency are all issues that are worked upon with...
Introduction The current organizations operate in an environment that is changing rapidly hence most important organizational asset is their ability to manage change and for employees to remain authentic and healthy. This paper explores the advantages, disadvantages and practicality of employee-based interventions. Organization development (OD) refers to organization-wide, effort planned,...
Introduction Business ethics involves the application of ethical principles to the business world (Garsten & Hernes, 2008). Business ethics applies to all business organization and even to individuals in the organization. Business ethics determines how individuals and organization behave to the external environment and even within the internal environment. Business...
Abstract Economies all over the world have in the recent past experienced difficult times due to what is seemingly a global financial crisis that threatens to push economies all over the world in to unbearable recession. If rapid and effective measures are not put in place, the situation could soon...
Economics is what the bulk of the countries are concerned with at the current stage of social development. The recent trends in global economics prove the fact that the liberalization of trade and export orientation of the economy might be the factors that facilitate the economic growth in the countries...
Existing Business Strategy Strategic competitiveness results only when the firm is able to satisfy a group of customers by using its competitive advantages as the basis for competing in individual product markets. A crucial business-level strategy decision is the one made about the target customers for the firmâs goods and...
Doveâs campaign for real beauty and customer loyalty By implementing a campaign for real beauty the company has been able to target its marketing strategies at average women and do not distinguish women on the basis of their appearances. This is the reason why average women can easily associate themselves...
Introduction Much has been written about the bailout package and the stimulus packages announced by the US government to provide relief to the banks and financial institutions having toxic assets on their balance sheets. Since the beginning of the housing market crash in the fall of 2006 and the systemic...
Introduction The economy is the basis of the existence of every particular society. The economic processes allow providing well-being of people and the development of the state as the whole. In the latter respect, i. e. the country-wide development, the notion of the Gross Domestic Product (GDP) is the most...
Introduction Today, companies need to prepare for competition not only in the global market, but also in their home countries following the advent of open global market. Currently even local companies face competition from global multinationals because protectionist regulations have waned down over time. It is important for every company...
Introduction ASEAN is a geo-political and economic organization of 10 countries in Southeast Asia. This was established with two major objectives. Firstly, it was established to increase economic growth, social progress, and cultural development. Secondly, ASEAN was established to promote regional peace and stability by adhering to justice and the...
Introduction This paper seeks to analyze the US economy for the last three years on what has affected changes in macroeconomic variables. The paper would relate GDP changes with inflation rate, unemployment rate and other relevant factors. Geographic and political perspective This section relates to geographical location, major cities, population...
Introduction The world of business is permanently changing and to be successful in it any company has to follow certain guidelines of business conduct, i. e. be aware of the market conditions, supply and demand rates, competition development, etc. To achieve this, a company has to develop an effective marketing...
When attempting to learn about successful marketing strategies, it pays to look at companies that have rolled out successful campaigns or have achieved a high ranking among global companies. Having discovered such a company, it is then helpful to discover the various approaches they have taken to market their product...
National governments influence the supply, cost, and availability of money in the economy through monetary authority to achieve a growing and stable economy. The goals and objectives of any national government are to stabilize macroeconomic activities which includes ensuring that there is low unemployment in the country, the country is...
The reporting of financial news is of great importance since it is one of the most significant factors considered when investing. International financial reporting standards(IFRS) are set by the international accounting and standards board (ISAB) stating how various types of transactions are reported by any organization. Financial statements that are...
The purpose of this study is to bring to light the mechanism of an economy and banking system. The study focuses on the subprime crisis that has hit the US in the last two years. The study throws some light on the adverse effects of the crisis on the US...
Introduction For the continual growth of all organizations, all management practices should be flexible to meet the continuously changing trends within and outside an organization. Different organizations employ varying management techniques, which depend on their goals and objectives. Best practices are standard procedures that help in achieving success in an...
Globalisation had big effects on China. The term globalization has brought some positive impacts and some negative impacts on the world market economy. As with all types of changes, this massive economic revolution has affected the marginalized people as well along with business. And it is good that it is;...
Introduction Women in the developing world play a major role in globalization. According to Women’s Edge, an organization that advocates international economic policies that support women in the developing world, “When we talk about the global economy, women really are a major part of it. They are the majority of...
Business Economics The introduction of Euro has brought in many significant changes in the European Economy. The most noticeable of them all is the economic integrity brought by the introduction of the Euro. The positive effects are not restricted to economy but they also positively influence the political climate in...
Introduction All traditional solutions of Human Resource challenges have involved with job analysis program to determine the task, needed to be performed and by whom the tasks would be accomplished. But in recent time with dynamic business environment, the analyses of job become harder with high empowerment in workforce and...
Entrepreneur Entrepreneurship is the method or ability to build a constructive framework of business opportunities and execute them under the situation. The aspects of Entrepreneurship need to maintain the momentum in a long run and change a process of innovation into a process or procedure of regular formulated practice. Entrepreneurship...
Introduction Globalization can be complex for those leaders who head different organizations. While business opportunities are growing, business context demands new organizational capacities, especially amongst the leaders. Leaders are therefore required to have the necessary skills to adapt to the diverse and changing organizational, national and professional cultures. However the...
Introduction The year 1994 saw the beginning of a new era in trade relations among the three major countries of North America. With the launch of North America Free Trade Agreement i.e., NAFTA, comprising of worldâs two most powerful economies USA and Canada and Mexico, the whole economic situation of...
The United States of America is the only superpower in the world and the largest economy in the world hence, whatever affects the USA becomes a global phenomenon. The military activities that the USA has engaged in, in the recent past have led to overconsumption. High expenditure in the Iraq...
Introduction Every organization has some problems or the other no matter what size they are. In fact, in my opinion, larger organizations that have extended their operations in a large number of countries have more problems, especially related to leadership and organizational behavior. At a glance, it may seem like...
Introduction Project managers are required to undertake risk management to ascertain if the project will succeed or not. Many sponsors or owners of projects tend to request for start to a project seeing risk analysis as a waste of time and resources. However, a project that undergoes a risk assessment...
The current world globalization has led to the revolution of the world trade. Many global markets including those of the third world countries have been forced to liberalize their markets so as to be at per with the worlds greatest economies when it comes to international trade. The World Trade...
What is Import Substitution Industrialization? What are its Problems? Import Substitution Industrialization (ISI) refers to an economic concept, which recommends the replacement of foreign imports with domestic production. According to CĂĄrdenas, Ocampo, and Thorp, the concept is grounded on the assumption that domestic production is healthy to an economy since...
Introduction The term âchangeâ has been commonly used in most organizations as a part of their operation. According to Axelrod (2000), it has different meanings in the concept of different people and it may range from a minor shift in work operation patterns to very large alterations in the organizations....
Introduction The analysis and the evaluation of the phenomenon of brand domination cannot bear a personal nature or related to separate cases. No matter how different were the political regimes, the levels of economic development, and the values adopted in the society, everywhere from developed countries to the poorest regions,...
Able Corp., as the case portrays, has put very little or no effort in developing its incompetent business lines whose expenses are mostly outgoing rather than incoming. In order to grow in all aspects, Able Corp. will have to make amendments that may incur costs in the initial stages. Tangentially...
Almost 50% of the worldâs population, that is almost three billion people, struggle to survive on two dollars or even less per day. Somewhere between 27-28% of children in developing nations are very likely to be underweight and malnourished, barely getting enough nutrients to survive. The parts of the world...
Globalization has always been a complex subject to explore due to the variety of factors that play important roles in describing the phenomenon. It is defined as the process in which populations, ideas, and goods spread throughout the globe, encouraging interaction and integration between governments, cultures, and economies. Studying the...
Introduction The following paper provides information on the UK and the US housing and the real estate industry. The housing industry is one of the most significant sources of investment for both the government as well as the people in a country. This paper analyzes the factors affecting the prices...
Introduction Trade agreements are created in the modern globalized world to remove trade barriers and stimulate trade, and by extension, benefiting national economies. In its creation and essence, NAFTA was one of the most prominent global trade agreements and was meant to ensure the competitiveness of U.S. industries on the...
Introduction The biggest challenge to the management class of the organization is not making changes to the organization, but being able to keep up with the fast evolving nature of the business sector. Failure to keep up with such changes leaves a business or organization highly vulnerable to adverse affects...
Introduction The foreign exchange market is, by most accounts, the oldest, largest, and most extensive financial market in the world. The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes...
Basically, this question can possibly be answered using two different approaches that might result into different opportunity costs. However, the calculation should be derived from the fundamental definition of an opportunity cost. According to Keat and Young (2009), opportunity cost is a concept stating the economic cost incurred in deploying...
The bilateral agreement has enabled China and South Korea and increases in trade and an increase in the trade deficit for the United States; what are the advantages and disadvantages for the United States to continue these relationships with the bilateral agreements? Trade supports the economies of many nations. Many...
There is no use denying the fact that the modern world still suffers from the aftermath of the financial crisis which had the great impact on all spheres of social life and branches of economy. Being so important, this issue is investigated by a great number of scientists and researchers...
The Theory of Optimum currency area and whether or not Europe is an optimum currency area An optimal currency area is a relatively large geographical area where the adoption of a single official currency for the entire region is preferable to having multiple official currencies due to the benefits that...
In the business world, stock refers to what a company owns as a result of giving shares to individuals. It can also mean the number of shares that one holds in a particular company. There are several types of stocks as learned in the course, one being the growth stocks...
Introduction At the dawn of the previous century, the economy of the United States of America faced the issue of âtwin deficitsâ regarding its current account and the entire federal budget. However, the countryâs current account deficit has constantly been expanding since 1998. The government budget deficits were also growing...
Introduction This topic represents a project risk management plan, which contains the analysis and interpretation of risk occurred due to the improper planning by the project management. Here the study conducted to identify the possibility of risk in the preparation of a project in department of defense. There is a...
Outline This is paper is a summary of the article âLearning goal orientation, formal mentoring and leadership competence in HRDâ by Sooyoung Kim. The article speaks about and recommends a model for learning goal orientation, mentoring and leadership skills. The summary of the article The article speaks about the importance...
Introduction Employees are considered as an asset for different organizations and in order to motivate them organizations stresses a lot on their employees and they devise different strategies in order to train and motivate them in both the short and the long run. Organization usually focus on two types of...
Introduction The matters of the quality management are often regarded as the most essential managerial strategy within any company. Originally, it is impossible to adjust the effective performance of a company without taking into consideration the quality principles and quality management. The fact is that, by implementing the quality principles...
Introduction To begin with, it is necessary to mention that any organization should have its principal goal, clearly stated mission, values and goals, which are planned to be achieved. The fact is that, the clearness of the goals defines the strategy for achieving the goal, and defines the process of...
Introduction B2B site is the place where various partners and suppliers transact whereas B2C site is the point of interaction between buyers and customers. B2B is based on a relationship which exists between business partners and the companies that practice them while staying competitive. Thus, competition is a significant trait...
Money multiplier vs. income-expenditure multiplier Money multiplier measures the extent to which credit creation by the commercial banks leads to the growth of money supply over and above the monetary base. For example, a money multiplier of 5 implies that a $1 increase in the monetary base will give rise...
Why a slowdown in productivity is likely to cause economic problems? A slowdown in productivity growth is likely to be a cause of worry for the Governor and Board of the Reserve Bank of Australia because of several reasons. However, before, these reasons are explained, it is crucial to understand...
Abstract The 2008 stock market crash was mainly caused by the subprime mortgage crisis that led to massive Federal Reserve intervention, investor anxiety, widespread loss of jobs, and collapse of large banks and financial institutions. Banks issued loans to people with bad credit ratings hoping that they would retrieve their...
Introduction Financial crises arise from the collapse of fiscal markets to the extent that various material goods lose a significant share of their nominal worth. These predicaments can be unsystematic whereby only a few sectors of the market are affected. However, in case of a universal financial crisis, almost all...
Abstract Under the present recessionary period, the effectiveness of organisational success mostly depends on a successful marketing plan. This marketing plan has been prepared on Danisco Sweeteners Ltd., an UK based SME having less than 10 million euro of annual and number of employees less than 250. This marketing plan...
Consumers are faced with choice whenever they make purchases. The idea of choice is basic in the study of microeconomics and is dependent on several factors; the amount of money available to make purchases and the prices of goods and services. It is usually a normal practice for consumers to...
Introduction Financial Management In financial management, the important feature is the management of funds. Management of funds operates as the primary concern either in the business and educational institution. In simple financial management is referred to as dealing with the management of money matters. It means that managerial decisions that...
Inflation rate refers to the situation where goods and services in the economy experience a general increase in price levels. Unemployment rate refers to that representation of the work force that is unemployed but is actively looking for work. The paper will discuss inflation rates and unemployment rates in the...
Introduction Singapore is an island country located in southern Malaysia. Currently, it is one of the world’s most wealthy nations due to its status as a global financial center and its strong international trading links. Notably, the port of Singapore is one of the busiest across the globe regarding tonnage...
Introduction The United Arabs Emirates [UAE] ranks amongst the largest economies in the Gulf region. The UAE government has adopted the concept of free zones. Schiliro (3) defines free zone as âan area designated for industrial or commercial operation or any other activity beneficial to the economy of the countryâ...
Intoduction The North American Free Trade Agreement has a significant impact on the economies of the United States, Canada, and Mexico. It was supposed to eliminate barriers to trade between these countries. After coming into force on January 1, 1994, NAFTA has significantly influenced imports and exports between the participating...
Subprime lending refers to the act of issuing loans to people who may experience difficulties servicing them due to factors such as unemployment and situations that require medical attention on a regular. These loans are offered to people whose probability of failing on their repayment schedule is very high. Characteristics...
International trade, multinational enterprises, and successful expansion through competitiveness have been major focuses for this module. It has been established that the success of a company that is going international is heavily dependent on a wide array of social, economical, political, and cultural factors, both internal and external. Even when...
Introduction Organizations manage data originating from numerous sources, such as internal data and information from clients. Data changes continuously and simultaneously; therefore, the management of data becomes critical. Information systems require the process of managing information, people handling information, and technology which support it must be managed to ensure efficient...
Introduction The rate of unemployment and its effects on the Gross Domestic Product in the United Kingdom has been an issue of concern for the last one decade. Since1971, the UK has maintained an average of 7.24% in its unemployment rate which has been impressive over the years (Miles 159)....
Cause of price increase The forces of demand and supply control the free market. Prices of commodities vary depending on the forces of supply and demand (Allen et al., 2012). Prices may increase if the supply is low. The demand for quinoa has been increasing steadily as people continue learning...
There is a variety of economic and political alliances in the world whose activity is aimed at bringing power and stability to their members as well as strengthening the world’s economy in general. One of such blocs is BRICS. Its members are Brazil, Russia, India, China, and South Africa. Each...