...TheGlobal Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” Expose your narrative on the Great Recession. Do you see a relation with a possible bug(s) in one or more of the six killer applications listed by Ferguson? Write a 1-page essay, single line, 12pt, in your best English. Global Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” One of the apps Ferguson suggests as having propelled Western Civilization over the rest is consumerism. This analysis begins with what I believe to be a bug in this app. Consumerism is mentioned by Ferguson as a tool which enabled Westerners to express their individuality, opinions, and ideas. Though this begins with jeans and pop music, the true importance of this app greatly exceeds...
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...Kimball Personal Responsibility Sometimes, it is easier to let someone else make decisions, but everyone will come to a moment in their lives when they need to be the one to take control. When this moment happens, the person who makes the choices and decisions will establish a level of personal responsibility. I plan to discuss what person responsibility means, how I apply personal responsibility to life and my college experience, and I will show a plan to practice personal responsibility. The concept of personal responsibility can be impossible to define, as it is a relative term. Everyone has his or her own thoughts and ideas on what it entails. In Dr. Frank Thomas’s manuscript American Dream 2.0: A Christian Way Out of the Great Recession, he says that “When personal responsibility is defined as a person’s ‘response-ability,’ that is, the ability of a person to maturely respond to the various challenges and circumstances of life.” (Thomas, 2012). I appreciate like how Dr. Frank Thomas’s definition captured the idea that of how a person responds to moments in life can show where their personal responsibility lies. I recently have had the opportunity to utilize my personal responsibility. I have chosen a career path in accounting and have taken that next step by working toward a Bachelor of Science in Business Major in Accounting. In the accounting industry, by earning your degree, there are more job opportunities and a degree can open more doors. Having spent years...
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...the “Great Recession” that occurred in 2008/2009. Information presented will be the state of the automotive industry before the recession, after the recession, how the industry is doing now and how the future looks for automakers. Contents The Automotive Industry Recovery 1 Transmittal Letter ii Contents iii Figures iii Executive Summary iv Introduction 1 Finding 1 Pre-Recession 1 Post Recession 2 How is it now? 3 The Future Outlook 3 Analysis 3 Summary 3 Conclusions 4 Reference 5 Figures Figure 1, Annual Auto Sales in the U.S. 2 Executive Summary The Automotive Industry was hit hard by the “Great Recession”. Jobs and sales declined rapidly as the economy and Americans were coming up short financially. After a couple years and some restructuring the automotive industry started making a comeback. Increasing sales by focusing on consumer needs helped bring workers back to work. Now the industry is booming again with continued growth in the future. The Automotive Industry Recovery INTRODUCTION PURPOSE The nationwide effect from the Great Recession on the auto industry was apparent everywhere. With the bail-outs of some of the big auto makers and loss of jobs, the economy really went into a slump. But with the automotive industry appearing to be on the up rise, there’s one question lurking in the many heads of the auto workers as well as the consumers. Will the U.S. automotive industry rebound to its pre-recession fame and...
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...The Relationship between Canadian Income and Walmart’s Net Income! ! Friday, November 29, 2013! ! ! Surname Cai Mei Sun Ye Given Name Kaisi Yueli Xinran ShanShan Student Number 1219196 1214213 1224165 1234730 McMaster email caik@mcmaster.ca meiyl@mcmaster.ca sunxr@mcmaster.ca yes22@mcmaster.ca Contents! Executive Summary! Introduction! Literature Review! “Walmart always low price”! Project Work! Canadian average income from 2002 to 2011! Walmart’s income from 2002 to 2011! Comparing Canadian average income and Walmart’s income! Comparing Walmart with it’s competitor (Shoppers Drug Mart)! Hypothesis testing 1 (Walmart’s net income and average income)! ! i! 2! 3! 3! 4! 4! 4! 5! 6! 7! Hypothesis testing 2 (Walmart’s net income and it’s competitor’s income)!8! Result and Recommendation! Result! Discussion ! Recommendation! Conclusion! Appendix A! Appendix B! Appendix C! Appendix D! Appendix E! Notes! Bibliography! 10! 10! 11! 11! 12! 14! 16! 18! 20! 21! 22! 23! 2QA3 GROUP PROJECT ii Executive Summary! The retail giant, Walmart, has out beat all its competitors and gains a remarkable growth during the 2008 Great Recession. The further investigation has conducted to confirm the relationship between Walmart’s net income and Canadian average income. The results show that as percentage growth of Canadian average income decreases, the percentage growth of Walmart’s net income increases. It also determines that Walmart’s growth has no direct relationship...
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...FACING THE ECONOMIC CRISIS IN THE UNITED STATES: THE CAUSES AND SOLUTIONS Prepared for Kaplan University GB512 Business Communication Dr. Sue Pettine Prepared by Katherine M. Moore Student September 22, 2011 Contents Executive Summary……………………………………………………… 3 Introduction …………………………………………………………………. 3 Background……………………………………………………………………. 3 Potential Problems and Solutions ………………………………………………. 5 Conclusion and Recommendation ……………………………………………… 7 References ……………………………………………………………………. 7 EXECUTIVE SUMMARY The purpose of this research proposal is to take a look at the economic crisis in the United States. Our country is currently facing one of the worst crises since the Great Depression. Because of this financial crisis many people are facing many anxieties today. In order to work on a solution for this dilemma, we must first admit that we are in a dreadful predicament. This is not the time to disregard the economic setback. We must take a look at our financial situation not only in the United States but globally as well. When a nation is in a crisis there is a tendency to shift the responsibility on just one person. In this research proposal we will look at the economy as a whole. We will tackle the many hard questions that arise when a crisis hit. Some of the hard questions that we will...
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...Great Recession and the FED’s failure to predict it The Great Recession lasted from December 2007 until June 2009. It was unclear in mid-2008 that the economy was actually going to experience a severe recession, based on the information available at the time. The FMOC reacts to both current data and forecasts for what is to come in formulating its policy. In the following few pages, I’ll set out a narrative of what the FED discovered the economy was doing, and I’ll describe the policy actions it pursued to deal with the changes in the economy from June 2008 to December 2008. This was the midst of the Great Recession, though by looking at the statements from the FED, one wouldn’t tell. The statements from the Federal Open Market Committee in the months June, August and September show relatively ‘calm economic weather’ with a mildly negative outlook. It’s not until the unscheduled meeting of October 8 2008 that the committee mentions a financial crisis. In this narrative, you’ll find the statements from the first three months grouped together and the statements from the second three months grouped together. June – September 2008 The press releases in June, August and September of 2008 are largely similar in terms of the message they convey, and even use the same sentences in big parts of the statements. In the following tables you’ll find a summary of the description of the current economic activity, the future economic expectations and the policies pursued by the FED. In...
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...D1: Evaluate the effectiveness of the use of techniques in marketing products in one organisation. Growth Strategies Marketing Technique | Summary of how Cadburys have used this strategy | Has it been effective? | Evaluation of its effectiveness for Cadburys. | Market Penetration | Cadburys use adverts, promotions, completions, etc. to boost their sales in their current markets | yes | This has been effective for Cadburys because their sales from the end of 2013 their famous Dairy Milk bar topped the UK’s top chocolate sales. After the Olympics they saw their value sales grow by 5.1% because of their Olympic promotions and competitions but, at the end of 2012 they saw they’re sales drop, this was due to women buying less chocolate. But at the beginning of 2012 they had sales of £257m after they were bought by Kraft. In 2007 Cadbury’s spent £6m on their Gorilla advert, it was a real hit with 58000 viewers at home taking the time to watch the full-length video as well as the parody of the advert which then saw the sale grow from 2% the previous year to 7% which was outside their target percentage which was 4-6%.the advert was also voted favourite advert of the year (taken fromhttp://news.sky.com/story/581641/gorilla-helps-drum-up-cadbury-sales). They then came up with the dancing eyebrows advert which was viewed on YouTube and similar site more than four million times along with a trucks advert. With these adverts, all the adverts gave a master brand payback 171% greater...
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...IKEA’s Global Strategy: Furnishing the World 2014-2015 submitted by Brian Albanese April 26, 2014 Executive Summary This author has provided an analysis of the IKEA case study found in the Marketing Management textbook. It analyzes the strategies used by IKEA to gain competitive advantage in markets outside of its original market. The report provides a background of the organization, recognizes IKEA’s main markets and examines corporate level strategies by identifying its target market and evaluating its pricing strategies. This case study will further analyze how culture, design, and price play significant roles in determining IKEA’s success. In addition, IKEA’s “global sourcing network of more than 2300 suppliers in 67 countries” (Peter & Donnelly, 2013, p. 411) allows its suppliers to provide furniture of all kinds to its customers. IKEA produced standardized products, however, this international strategy did not work for the United States. Therefore, the company has to take corrective actions. Table of Contents Executive Summary i Situational Analysis 1 Environment 1 Economic conditions and trends 1 Cultural and social values and trends 1 Political and legal issues 1 Technological factors 1 Summary of environmental opportunities and threats 2 Industry 2 Classification and definition of industry 2 Analysis of existing competitors 2 Analysis of potential new entrants...
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...The talk Biblio Service Michaela Haase Jackall, R., The World of Corporate Managers – Twentieth Anniversary Edition, Oxford University Press, New York 2010 A Capsule Summary of the Book This is the second edition of a book whose first edition was published in 1988. There has been no revision of the book; however, Jackall has added a new chapter titled “Moral Mazes and the Great Recession” to it. His description of the financial crisis brings nothing really new to the fore: it shows that nothing has changed in the aftermath of the convulsions caused by several occurrences of crisis in the financial sector or the business world in the last decade. Managers (of banks, insurance enterprises, of Enron, etc.) play(ed) high-risk games at the cost of the organization; they plunder(ed) the assets of employees and shareholders as well. If they win, they take all the gain; if they lose, they call for the taxpayer’s money because their organizations are too big to fail. They never think about stinting with their bonuses even if the taxpayers have to save the organization they work for because otherwise these same managers would leave it and so dispossess it of their skills and competence which, so they think, are badly needed to set it afloat again. Objective and Targeted Audience Jackall’s detailed sociological study of the managerial world is not written for a particular target group. As Jackall has clarified throughout a recent interview,1 his study is “part of a larger project...
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...Summary Roger Lowenstein thought that the current Great Recession could drive a stake through the efficient-market hypothesis (EMH). Analogously, Jeremy Grantham claimed that the incredibly inaccurate efficient market theory cased a lethally dangerous result that led to current plight. However, the EMH is not responsible for the current crisis. Eugene Fama stated that the prices of securities reflect all known information that impacts their value. The hypothesis implies that the prices in the market are mostly wrong, and it is hard to say whether they are too high or too low. Regulators wrongly believed that financial firms were offsetting their credit risks, while the banks and credit rating agencies underestimated the risk in real estate. EMH is not an excuse by the CEOs and regulators of failed financial firms. After the 1982 recession, the U.S. and world economies entered into a long fluctuations period which called the “Great Moderation”. Risk premiums shrank and individuals and firms took on more leverage. Prof. Robert Shiller collected the data which indicates from 1945 through 2006 the maximum cumulative decline in the average price of homes. This low volatility might lead to the mortgage security composed of a nationally diversified portfolio of loans would have never come close to defaulting. These models led credit agencies to rate these subprime mortgages as “investment grade”. But this assessment was faulty. In fact, never before have home prices jumped that far...
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...Environmental Review * Macroenvironmental factors that will affect the organization include technological, economic, international, sociocultural, and political-legal factors. A major economic factor affecting the world and Ford Motor Company alike is the recession. * Due to the recession, society is looking for more affordable transportation in which Ford has adapted to by promoting lower priced vehicles. Society is also becoming more technologically advanced in which Ford has also adapted to by adding touch screens, navigation systems, as well as other add-ons. * Ford Motor Company is the world’s fifth largest automaker. The company declines and rises with the ever-changing economy. Through the recession, Ford suffered a multi-billion dollar loss, yet continues to grow with the growth of the economy. * The three biggest competitors of Ford are Chrysler, General Motors, and Toyota. Chrysler and General Motors suffered from major losses during the recession in which they had to receive government bailouts. Ford, however, did not have to receive a bailout. Competition remains steady. * Ford’s primary customers consist of Baby Boomers through Generation Y. Many of Ford’s customers are also made of the work force in which heavy-duty vehicles are needed. * Purchases are made based on price as well as size. Some customers are searching for compact cars while others are in need of pickup trucks. There are several Ford locations throughout the world making...
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...Sector . Toegepaste Economische Wetenschappen - Bedrijfskunde Executive Summary This report elaborates on the most common trends and evolutions in the business environment of the car sector, as well as globally as in the United Kingdom. The United Kingdom is home to many car manufacturers as well as auto part producers. It is the most varied car sector in the world and is well known for its multinational companies as well as some of the more exclusive manufacturers that concentrate on a certain niche. The sector recently had to cope with the recession, as well as all other car sectors in the world. It is now in progress of recovering from its slump and progressing quite well. Investments are being made and some companies are even expanding. This report will give you a general idea of the investment possibilities in the British automotive sector, but one should keep in mind that there are numerous possibilities if one is interested in investing in a car sector. Most important is to be aware of the increasing regulations that manufacturers have to fulfill in regard to environmental measures and safety. These are emerging markets that should be taken full advantage of. The best way to do that is to invest in stocks of multinational manufacturers who have the capability of marketing their products and are able react quickly on this growing trend. Table of contents Page 2. Executive summary Page 4. Introduction Page 5. Body of the report Page 8. Conclusion ...
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...com/articles/gdp-expanded-at-4-2-rate-in-second-quarter-1409229416 Gross Domestic Product The purpose of Mr. Leubsdorf’s article was to explain how the current GDP exceeded prior expectations. Ben went into great detail about the encouraging direction of not only the GDP but also of unemployment. The overall feeling of the article was that though “The worst recession since the Great Depression ended in June 2009, but the recovery has been slow and halting. The second-quarter rebound assuaged worries about a prolonged slowdown following the first quarter's stumble”. Though these current numbers are encouraging Mr. Leubsdorf warns that this current acceleration is not likely to be sustained. Summary The estimate of the current GDP back in December was 2.8% to 3.2%, and was then downgraded in June to 2.1% to 2.3%. The actual growth of 4.2% was a welcome surprise to economists as was the 200,000 jobs added in 6 consecutive months. Ben attributes this to consumer purchasing growth in items such as new cars as well as businesses spending on new buildings and equipment. The unintended consequence to this information could be a positive one in which it creates consumer confidence and furthers this steady incline of GDP numbers. Though the growth is at this point slow, it is heading the right direction. Climbing out of the 2007 recession has been at times compared to climbing out of a sand pit, the current numbers can be seen as encouraging. U.S. Jobs Report: 288,000 Positions Added Unemployment Falls to 6.1%...
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...lower the quantity demanded and vice versa), the increase in revenue from the higher price is exactly offset by the decrease in quantity demanded. Total revenue for the firm will remain the same, though profits may increase because the firm is now selling less quantity of their product and receiving the same amount of revenue. When a price change results in no change in total revenue, the elasticity-of-demand coefficient is one or unitary. The role of price change influences to a greater extent in the demand for these substitutes and compliments. This suggests that the elasticity of demand also is significant when considering compliments and substitutes that also play a role in the market trends. According to the (Travel Agents: Executive Summary-UK-December 2011) initially all the travel agency kept their prices constant and carried on as if nothing has happened. The report emphasizes on the decline of overseas holiday booked since the price of the holidays didn’t change significantly. The slowdown in the economy in the last few years has really affected the demand for overseas holiday. There is a massive decline in numbers of travel agency stores across the UK according to the report. It occurs over the emergence of technology and the increase in the numbers of internet users so booking over the internet paid a lot for the...
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... Finding #1 Godfrey, W. (2013, January). Compensation Strategy for Success. Prezi. Retrieved from http://prezi.com/j9k9_m_2qiwn/compensation-strategies-for-success/ Sager, Suzanne. (2011, September). Merit Pay Most Often Used in Compensation in Public and Academic Librarians. Library Worklife. Retrieved from http://ala-apa.org/newsletter/2011/09/01/merit-pay-most-often-used-in-compensation-for-public-and-academic-librarians/ Ojimba, E. (2004, November 15). Salary Basics – Developing a Strong Compensation Strategy. Salary.com for Business. Retrieved from http://www.salary.com/Small-Business-Advice/advice.asp?part=par410 Finding #2 McGladrey. (2011). Lessons from Recession Increasing Focus on Incentive Compensation Programs. Retrieved from http://mcgladrey.com/Perspective/Lessons-from-recession-increasing-focus-on-incentive-compensation-programs University of Wisconsin – Green Bay. (2013, April 9). Compensation Philosophy. Retrieved from http://www.uwgb.edu/hr/documents/CompPhilosophy0401.pdf Finding #3 Gerhart, B., Milkovich, G.T., & Newman, J.M. (n.d.). Compensation Strategy. Answer, McGraw Hill. Retrieved from http://mhanswers-auth.mhhe.com/management/compensation/compensation-strategy Fogleman, S. (2004, November 15). Creative Compensation. WesternDairy Business Magazine. Retrieved from http://nature.berkeley.edu/ucce50/ag-labor/7article/article33.htm Hausser, D. & Lebing, K. (1996, April)....
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