ECO202 CA Essay Example | Topics and Well Written Essays - 750 words

ECO202 CA - Essay Example It is during periods of recession, however, that terms fiscal and monetary policies can best be appreciated. Fiscal policy is the policy advocated by John Maynard Keynes while monetary policy, on the other hand, is advocated by Milton Friedman. According to basic economics, the obvious traceable cause of a recession is a poor level in aggregate demand. When we say aggregate demand, it is the total demand for all goods and services produced in a particular period. Of course needless to say, when no one is buying anything, who would want to produce more? What reason there is for an employer to hire working men to manufacture his product when no one after all is demanding for it? It will only bring him a loss instead of income. According to Keynes, during periods of recession, the government must enter the game and play a very critical role --- to stimulate overall aggregate demand (which is a deemed solution to the problem). The government must cut taxes and spend more on worthy projec ts to support the public needs and the business sector. When taxes are low and more government projects are in harmony with business’ goals and visions, more investors are being lured to invest, thereby solving unemployment problem. Now assuming the opposite is happening as in the case of an overheated expansion, the government still has a role to play. It has to tighten taxes and spend less to counter balance the effects of economic boom. Whether the government cut or tighten taxes, spend more or less, these actions simply refer to the government’s fiscal policy. Monetary policy on the other hand is another perceived solution to the problem of recession. As the word suggests, monetary policy has to do with interest rates and money --- production, supply and circulation of money. According to Milton Friedman, the proponent of monetary policy, the supply and circulation of money in the market has a greater impact on the economy more than anything else. During a period o f high unemployment the government must reduce the interest rate and increase the money supply. Likewise, when unemployment is low, the government has to raise interest rates and decrease the money in circulation. As compared to fiscal policy which is more of a function of the legislative branch of the government, take note that the implementation of monetary policies is vested in the hands of the Central Bank. They are independently implemented apart from fiscal policies of the government. 2. Compare and contrast the way Keynes and Friedman approach the economy. What are their key differences and similarities? John Maynard Keynes is a British economist who believes that the key to achieving a balanced economy, especially during a period of recession and economic downturn, is an effective government intervention that will cut on taxes and implement an expansionary fiscal policy (meaning, more government spending on worthy projects) or contractionary fiscal policy (increase in taxes and lesser government spending) as the case may be. Keynes’ economic framework focuses more on demand and spending. Absurd as it may sound but Keynes believed that spending, and not hoarding, helps the economy at large. The reason is that the spending of one person forms part of the income of another person, and when that person further spends his income, it forms part of the

Business Planning Essay Example | Topics and Well Written Essays - 500 words

Business Planning - Essay Example In this case, the action of the employees is intrinsic for the success of the plan since the type of businessi idea involves a one-on-one conversation with the customers. 3. Fixed prices for renting: considering the state of the industry, owning and renting a car, the business idea is considered strong since the involved customers are made aware of the prices. The prices are fixed since there are less external influences on the prices such as weather. 1. High product pricing: Botflex plans to offer high quality services to the boat owners and the tenants thereby leading to the high product pricing. Because of the need for offsetting the high production cost associated, the business finds it difficult to charge low prices. This acts as a weakness of the company since most of the potential customers are medium income earners. 1. Chance for entry into new market: There are few corporations dealing in the same products thereby presenting an opportunity for entry into new market. The company can establish its critical operation to other new areas because of the higher economies of scale associated with venturing. 2. Collaboration with other companies dealing in the same products: There are many companies which recognize the good reputation held by a company, successful in making people rent ships. This means that there are chances for the company reducing the associated costs through collaborating with other recognizable companies. 1. Escalating prices of boats: The escalating prices bears chances for inefficiencies in the production process of the company considering that the prices of raw material for making boats are on the rise. 2. Trademark infringements: Trademark infringement is just like another threat which usually faces newly established company. The company branding is susceptible to cases of illegal use of trademark especially by the competitors or other newly rising

Susan Schwartz Essay Example | Topics and Well Written Essays - 250 words

Susan Schwartz - Essay Example Term used for determining the target market is â€Å"market segmentation† (Daniel, 2012). Market segmentation can be defined as a process of â€Å"dividing a market into smaller groups of buyers with distinct needs, characteristics, behaviors, etc. that might require separate products or marketing mixes† (Bragg, n.d.). When the target market is to be determined for a certain product, its traits need to be studied first. It might be useful either for people of a certain age group or all age groups, a certain culture or all cultures, a certain religion or all religions, and a certain ethnicity or all ethnicities. These factors need to be considered. Three factors that play a pivotal role in the selection of target market are the size and growth of segment, its structural attractiveness, and the goals and resources of business. Modification of a product design to expand the consumer base by incorporating the requirements of a lot of communities makes the target market subj ective. â€Å"I dont know the key to success, but the key to failure is trying to please everybody† (Cosby cited in Bragg,

Sociology Research Literature Review Essay Example | Topics and Well Written Essays - 1500 words

Sociology Research Literature Review - Essay Example There is no doubting that terrorism is a 'hot topic', in recent times it has come to dominate global media coverage almost to the point of socially damaging saturation. It has been a long held belief amongst academics of all persuasions that an individual's perception of social reality is often based on the information available to them. As a highly influential medium both print and electronic media is an important source of information within the global society. The individual factor of writer, reporter or journalist influences the presentation of ideas in the media. News provides information the reader, on the basis of his or her own knowledge, perception and level of analytical skill; help them form opinions or beliefs about a given set of circumstances. Many factors influence this process building a social construct of reality in the society, such as, the level of understanding that a reader has for the language, tone, pictures used, context and time of the appearance of the news . News published on terrorist activities during sensitive time like war is likely to have more impact than it might during peace. The use of words, language and pictures in that particular context impacts dramatically on the perception of the masses. A series of recent terrorist activities have been largely associated with religious militant organisations, in the name of faith, god, religion and religious responsibilities young minds are being trained to get involve in terrorist activity. Derrida suggests that deconstructive faith has to be distinguished from a particular order of messianic faith (a faith within a determinable horizon) (1998, 8). The September 11 attack and London 7/7 Bombings are current examples of Derrida's notion of destructive faith. This news has presented by media groups around the world as being the product of Islam, Islamic faith, terrorism and Al-Qaeda. Linking these ideas together creates an ideology in the mass media that automatically presumes that these individual variables are synonymous to each other; this ideology created by the media then becomes problematic. The role of ideology then, requires consideration; defining 'ideology' can be difficult in itself. Chomsky (2002) raises various issues on the way media represents various issues of war, trade union issues and terrorism. The issues ranged from the presentation of these events by media and control of powerful groups over these mediums to control thought process of mass. Various other issues are raised in Said (1996, 44) on his work "Covering Islam". These were related to the partial knowledge of the people in West about Islam and questioned the interpretation based on this partial knowledge. Crelinsten (1989, 167-198), Slone (2000, 450-520), Weimann and Winn (1994, 51-89) explained in their works the emotional effect of the media stories. According to them media stories are highly sensational and selective. This is apparent from the news appearing on various media sources. The stories about pain, killings and inhuman activities sell more than other constructive stories. The appetite of society for the bad stories has been largely commercialized by several media groups. (Altheide

Explain Aristotle's Notion of Substance Research Paper

Explain Aristotle's Notion of Substance - Research Paper Example It will be argued along with Leszl's claim that substance is more than just a category for logic, and that it is really an argument for the nature of being. There is no separating logic from ontology in Aristotle when it comes to substance and it with regard to ontology, substance is that which is constant set against everything else which changes. The context in which "first substance" emerges, concerns the "combination of words, expressions and phrases." (Categories, 1a16). Aristotle first divides these kategoriai of words, expressions and phrases by distinguishing how some predicates are are "present" in a subject, while others are "parts within a whole" (Categories, 1a20), which is marked by a difference between something "which cannot exist apart from the subject referred to", such as an attribute like "whiteness" (Categories, 1a24-1b2), and something which can be attributed but which is not found phenomenally "in a subject", such as predicating the species "man" to an individua l man, as a subject. Aristotle adds that there may also be predicates which can be asserted of a subject, and yet which are neither present physically, or related in a genus-individual relation. These kategoriai he raises as particular or individual expressions with a direct object, or direct reference: "this or that man or horse, for example" (Categories, 1b4), which is a form of predication related to both substance, and the mind, and will be outlined in more detail in the section dealing with De Anima. At this point in the Categories, Aristotle is explicit about this instance of substance as being "primary" (Categories, 1b11-13), and it is therefore a topic which is not a question for the agenda at hand, which are the rules of "combination of words, expressions and phrases"-- or, "secondary substance" (Categories, 1b14). He proceeds at this point to establish further specifications for the rules of predication, such as predicate of a subject, is also a predicate of a substance(Ca tegories, 1b9-15, 1b21-25), and how some predicates may help to differentiate genus's, but not species (Categories, 1b16-20), and finally how "each uncombined word or expression" will be determined by a particular form of possible predicate. Having covered the possible predicates in terms of their forms, relation via genus, species, and how whether the predicate is necessarily "present" in a subject or not, he addresses the criteria itself which determines all of these possible combination's and types of combination's, which is the first important step into substance-- a step which more clearly divides primary from secondary substances, and a division which can be characterized as a division between substance (primary) and subject (secondary). Aristotle gives the simple example that "`Footed', `two-footed' and `winged'" are attributes which are true of genus, but which do not allow for the distinction of a particular species, given that many species possess these attributes.(Categor ies, 1b16-20). Primary substance is more a topic proper to the Physics and Metaphysics, given that actual being and actual beings are the focus, not, as in the Categories with how these beings can be "expressed". As we shall see, the Metaphysics addresses

Planning Essay Example | Topics and Well Written Essays - 1000 words

Planning - Essay Example It is simply identifying the objectives of a company and finding the best ways of how to achieve them. Strategic planning starts from the desired end and its steps go backwards to get to the current status. On the other hand, long term planning begins with the current status and moves forward to meet the desired future needs. According to Adekola et al 2007, strategic planning looks at the big picture, and is flexible in determining its means as compared to other types of planning. At Michal Jones & Company strategic planning has been practiced in various ways. These ways include: pure planning and financial planning. Planning determines where an organization will be in the future, how it will get there, and how the organization will establish itself if it got there or not. Planning serves different functions in Michal Jones & Company. It has provided a clear focus for the organization, therefore, producing effectiveness and efficiency (Burtonshaw-Gunn et al 2009). Planning has also been the reason why the productivity of the organization has increased significantly due to increased effectiveness and efficiency. Planning has also been used in the solving of major problems in the organization. This is because a predetermined problem is solved before its occurrence due to effective and strategic planning. Moreover, at Michal Jones, planning has enabled the creation of a base for the company’s hence all deviations have been corrected to avoid major blows occurring in the organization. For effective planning to be established, the management at Michal Jones & Company has identified the purpose, which happens to be the key objective of the company. Lusthaus et al 1999 argues that, through the use of the organization’s mission statement elaboration has been made to the public and the potential buyers as a whole on what Michal Jones & Company seeks to achieve. The situation has been analyzed and is now an already existing program. Its defects are amended and the viable changes made. Alternatives present at Michal Jones & Company have been identified leading to a variety of ideas, activities, and solutions (Michael Jones & Company 2010). Creativity reigns in an effort to enhance brainstorming and members’ involvement in the formulation of the plan. The resources have been reviewed, and they have been listed down with regard to available time, money, human and physical resources (Paladino 2010). This ensures that the plan formulated conforms to the ability of Michal Jones & Company and not based on mere assumptions. Some of the impediments that have been witnessed at Michal Jones & Company with regard to effective planning are that planning leads to rigidity. This is because the set conditions may change, and this may contrast prevailing conditions at that particular time. When such a point comes by, flexibility is encouraged in an effort to negate the rigidity. Moreover, strategic planning is not easily facilitated in dynamic environments. Strategic planning also entails finances. No company or organization can be able to plan about the future without the knowledge of where to get the finances from (Reading 2004). In essence, finances go hand in hand with the planning strategy. At Michal Jones & Company, finances were solicited from the Banks as loan payable back in interest rates within a period of one year. Financial statements are very important in every

Leadership and Sustainability in Business Essay

Leadership and Sustainability in Business - Essay Example On the other hand, leadership is the process by which an individual influences another individual or a group of individuals to support and collectively reach the objective. Apart from the aforementioned definition, leadership can also be defined as the process of systematizing and categorizing a group of individuals in order to achieve the objective. Therefore, from the above statements, sustainability and leadership are two terms of different context. However, when collated, they provide a different meaning altogether. Sustainable leadership is referred to as a type of leadership which benefits the organizations in the long run by influencing the people positively, exhibiting the values of the society, and initiating change. An effective sustainable leadership consists of 3 components, namely moral values, creativity, and influence. Moral values are the level at which an individual identifies and supports the values of civilization. The value that portrays the mutual care of mankind depicts the moral values. Influence is the capability to modify one’s behavior. Creativity is the ability to portray innovative ideas and the enthusiasm to undertake risk. In the context of this project, Oman Air will be chosen as the organization by the example of which the aforementioned terms of leadership and sustainability will be portrayed. The report will also shed light on ‘women as leaders’. This will emphasize on the acceptance of female leaders in the society. The report will highlight the leadership theories as well as the changing leadership styles. Apart from that, leadership in youth and characteristics of a good leader will be illustrated. However, the topics that will be covered will relate to Oman Air. Therefore, to continue with the project, a brief overview of Oman Air is presented below. A Brief Overview of Oman Air Oman Air is an airline company presently headquartered at Muscat, Oman. The company was established in the year 1993 (Oman Air, n.d.). It is also the national air carrier of Oman. It was founded by the sultanate of Oman’s Civil Aviation. The company provides services for domestic as well as international customers. Regional Taxi and Charter Flights services are also offered by the company. Oman Air operates with around 300 flights a week. It has a network of 36 destinations spread over 19 countries of the world. Apart from this, the company offers a lot of valuable services to its customers (Flightpedia, n.d.). Recently the company became the sole air carrier to offer Wi-Fi services as well as mobile services. During the date of its incorporation, Oman Air remained thoroughly professional. It has added many feathers to the cap; the company has recently won Airline of the Year award at France’s Laurier d’Or du Voyage d’Affaires. In the early 2011, the company was promoted to a 4 stars air carrier while its business class was acknowledged as 5 stars and went on to win the Best Airl ine Seat award from Skytrax. With the modernization of technology, air transport is becoming a complex venture; however, in the past, the Oman Air has successfully identified its areas of strength and accordingly transformed itself. A team of dedicated workforce, skilled pilots, and niche operating routes has highly contributed to achieving competency. However, in context of leadership and