...Testing Phillips Curve in long run in the US Economy Introduction: Phillips curve is one of the most startling observations made in economics and gained much popularity in 1960s. The inverse relationship between unemployment rate and inflation rate was first observed by William Phillips in 1958 in his study on British economy during the period 1861-1957. For many years this relationship has been used by policy makers to target unemployment and inflation levels. However, in recent times there are various doubts emerging to this concept as there are cases studied where the trade off between unemployment rate and inflation rate can be observed in the long run thus rendering this concept entirely short run in nature? (Phillips, A.W. cited in Ogbokor, 2005).It would be crucial yet interesting to test the validity of traditional long run Phillips curve as it used as a policy guideline and has had many controversies revolving around it for the same. Objective: Phillips Curve in the Long run: Examining the Long run relationship between unemployment rate and inflation rate in United States using univariate analysis (analysis based on descriptive statistics). Methodology: The data used for analysis has 58 observations collected over the period 1952-2008 consisting unemployment rate and inflation rate of US. It has been collected from Bureau of Labour Statistics and Measuringworth.com. We will make use of statistical tools to test the existence of relationship, if any...
Words: 561 - Pages: 3
...causes of these challenges within the organisation. Consequently this report will suggest solutions to ensure that Philips stays a leader in the industries that it exists and does not face similar challenges in future. Additionally this report will conclude by stating recommendations to solve the problems. Their strategic opportunity was to utilize and make the most of this competitive and innovative research more profitable around the world. In order to reach this, they needed to move beyond the mature products into areas that would have a leading technological edge and that would offer sales opportunities in other parts of the world as well as Europe. In this case study some questions will be answered in relation to how successful Phillips have applied the strategies they followed and the problems they have encountered. QUESTION 1 What three methods has the company introduced to exploit its research base? How successful has it been so far? 1. Linking the company’s scientists to the six divisions of...
Words: 3668 - Pages: 15
...restructuring gives the value of $12 after restructuring. But this avoids the future tax shields The valuation of the Kraft, Inc. shares comes around $110 to $124, while the Phillip Morris paying very less in order of $79 to $92 | Phillip Morris's value | Proposed Restructuring | Phillip Morris's value (with ITS) | Proposed Restructuring (with ITS) | | | | | | No of Shares Outstanding | 122.22 | 122.22 | 122.22 | 122.22 | Value of the Firm | 11000 | 13444 | 9646 | 15158 | Share Price | 90 | 110 | 78.92 | 124.02 | Thus the new price for the shares will become around $124. And this proves that the company should go with the restructuring rather than going with the offer made by Phillip Morris Thus we recommend that the Kraft’s should go with the proposed restructuring in search for a better value for the shareholders B. Are these forecasts reasonable? Provide an evaluation/critique of the main assumptions. As the management feels that the Phillip Morris has underpriced them, and their value is much more than the proposal at $90. And they can easily increase their value by restructuring. They can prove to Phillip Morris that what they are paying is actually less, by showing them their restructuring benefits and can claim to increase the bidding value. krafts can also pitch that Phillip Morris is actually paying very less because of...
Words: 649 - Pages: 3
...20/3/2012[pic] |Deren Kizilgoz 0904201 - Nicholas van Damme 20061452 | Inhoudsopgave Introduction 3 Diversity at Philips 5 Inclusion 5 Vision 6 Global I’s 6 WINergy 6 Stakeholders 7 In-depth research before interview 7 Interview 8 Conslusion 9 Sources 10 Introduction For the company research assignment of the minor Cross Cultural Communication, the company we chose is Philips. Philips is a company that produces electronic goods for consumers and companies and organizations. It was founded by the Philips brothers in Eindhoven, The Netherlands in 1891. Philips started out as a company that was manufacturing carbon filament lamps and over the years it grew out to become one of the largest multinational that provides consumer and professional electronics of all sorts. Philips is divided in three main parts, healthcare, consumer lifestyle and lightening. The healthcare part produces medical electronic devices for hospitals and practices all over the world. The consumer lifestyle department is producing all sorts of consumer electronics that improve the well-being and health of its customers. The lightening division of Philips is aiming to produce all sorts of end-user-driven, energy efficient solutions for lightning (Philips, 2012). The reason we chose Philips is the fact that Philips is one...
Words: 2667 - Pages: 11
...Captain Phillips Captain Phillips was really an inspiring movie, considering the fact that it was based on true incident in 2009. I wasn’t aware about this incident before watching the movie. Captain Phillips was indeed brave and a true leader who held himself hostage in order to keep his crew and ship safe from the pirates and getting himself rescued in the end. After the movie and the class discussion, I got to learn some important learning which are important in day to day life of a leader. Captain Phillip’s anticipating and preparing himself before any incident took place ensuring the ship doors were locked and the crew was ready for any unseen event. This shows he learnt from his experience and prepared for the worst. Also staying calm and focused and not creating a panic is important during attacks and disaster. He inspired me how he was protective about his crew even though he dint knew everyone in person. This made him earn their trust. He also was smart to let the crew know where he was moving with the pirates in the ships and also giving them clues as to how the crew could fight with the pirates making their weakness as the crew’s strength. He let the pirates take him as hostage in order to make sure being a captain, his ship and crew would be safe. There were two leaders in the movie, one was Captain Phillip’s and other was Musa. Both were different kind of leaders. Captain Phillip’s was more planned and knew what he was doing. But, Musa was an aggressive leader...
Words: 673 - Pages: 3
...Name Professor Course Date Film project contrast paper Introduction Captain Phillips movie, examines the 2009 hijacking of a U.S container ship, by the name Maerks Alabama. The movie stars Tom Hanks as Richard Phillip (IMDb). It is a hard pounding thriller that exhibits the creativity of its director Paul Green Grass. According to Ryan McNeil (2013) the movie reflects on the primary effects of globalization, by showing the relationship between the ship's commanding officer and the Somali captain who forcefully held him (McNeil). Richard Phillips meets with Muse; the Somali captain, when Phillips ship goes on a wrong course (IMDb). Both captains find themselves at the mercy of forces, which are beyond their control. The movie is recommended for audience above the age of thirteen years. It contains an intense sequence of menace, and violence associated with bloody images (IMDb). The script The script of the movie was primarily based on a book called A Captains Duty: Somali Pirates, Navy Seals and Dangerous Days at Sea, which was written by Richard Phillips (IMDb). The script narrates a very compelling story, which keeps the audience on the seat's edge. It moves the audience in the world of the ship’s crew, leaving the audience with a close experience of the dangers associated with cargo ships (McNeil). Acting Tom Hanks is considered as the highest box office star currently (Whitfield). According to IMDb, he was “outstanding as always” in this movie. However critics have argued...
Words: 1279 - Pages: 6
...SUPPLEMENTAL CASE: Chapter 1 Case: Phillips Furniture Ten years ago Albert Phillips opened his own retail store and sold unpainted furniture. His store was located in Lakeside, a small city in the southeastern part of the United States. Although his business was somewhat slow first, it grew steadily. Many more sales, stock, and clerical personnel were hired. However, it soon became evident that Mr. Phillips was not able to effectively service all potential customers. Warehouse space was also badly needed. Phillips Furniture Store was situated in a central location, and Mr. Phillips was hesitant about relocating. As an alternative to relocating, Mr. Phillips opened a satellite store in an outlying district to attract a new source of customers, as well as to provide better service to his current customers. Mr. Phillip eventually expanded his business into several neighboring towns until he had a total of six stores. When Martin Furniture, a small manufacturing firm that supplied some of the furniture for Phillips, became financially unstable, Mr. Phillips was able to gain control of the manufacturing plant. At the end of last week, you were called into Mr. Phillips’ office, and Mr. Phillips said, to you, “I have been pleased with your progress with us as a management trainee since you graduated six months ago.” He explained that he felt that the company had gotten large enough to need a personnel manager. Previously, all managers handled...
Words: 357 - Pages: 2
...Phillips Furniture Human Resource Management Phillips Furniture is a well-established furniture company that has been around for 10 years. The owner, Mr. Phillips has recently decided that his company has grown enough and is now in need of a human resource manager. Being that the company has ran for 10 years without any sort of HR manager, the individual who receives this position must understand exactly what human resource management entails and then be able to excel in the position. What is Human Resource Management? According to the Bureau of Labor Statistics, “Human resource managers plan, direct, and coordinate the administrative functions of an organization.” They also state that HR managers are considered the link between a company’s management and employees. Along with the interviewing and hiring of new staff, they also are called upon to work with executives on strategic planning. Typically HR managers are responsible for all functions that deal with a company’s employee’s needs and activities. Examples of these responsibilities include, but are not limited to: employee training, performance management, policy recommendation, wages and benefits, employee relations, team building, and leadership. Human Resource Management and Phillips Furniture Phillips Furniture has essentially been in business for 10 years and never had a HR manager. From a HR perspective, the company will more than likely have many areas that need to be changed. They may also various...
Words: 802 - Pages: 4
...PHILIP AND THE ETHIOPIAN EUNUCH (Acts 8:26-40) A Paper by Sharon D. Norman Presented to Dr. John Hanna In partial fulfillment of the requirements of Biblical Interpretation Nazarene Bible College Colorado Springs, CO March 16, 2012 TABLE OF CONTENTS INTRODUCTION ...........................................................................................................3 ORIENTATION AND CONTEXT......................................................................3 SIGNIFICANCE OF TEXT .............................................................................3 HISTORICAL AND SOCIAL SETTING ...........................................................4 LITERARY CONTEXT .................................................................................4 PRESENTATION OF TEXT ...............................................................................6 SCRIPTURE PASSAGE .................................................................................6 TEXT CRITICAL NOTES .............................................................................7 OUTLINE OF PASSAGE ...............................................................................7 PHILIP HEADS TO GAZA…………………………………………………… 9 PHILIP EXPLAINS THE GOSPEL MESSAGE………………………………10 THE EUNUCH IS BAPTIZED………………………………………………...11 PHILIPP CONTINUES SPREADING THE GOSPEL MESSAGE……………12 CONCLUSION…………………………………………………………………13 SUMMATION…………………………………………………………..13 APPLICATION…………………………………………………………15 ...
Words: 4344 - Pages: 18
...Case Summary on Confucius, Machiavelli and Rousseau Confucius, Machiavelli and Rousseau talked about the concept of leadership. They all have different ideas and views about leadership. Their views differ in many areas. Confucius talked about superior and morally person. Superior is the one who likes to become a part of the community and surrounding. Inferior is the one who motivates by himself. Confucius discussed about a good society is one which contains well-ordered relationship. According to Confucius a leader should be fair and superior man. He was not in favor of laws and punishment if one wants a good and healthy society. Machiavelli discussed about the attributes that a Prince of the society should have to maintain his power. He mentioned that proper action, attitude and cunningness is required in politics at the right time. He emphasis on observation in determining human nature. (He reflected upon the “Action-Observation-Reflection” theory we discussed in the class.) This knowledge of human nature allows him to think how his people thinks, acts and behave. He said that leader should create fear by building his own army. He also considered about using the law and punishment. He felt that it is necessary that law and punishment should be implemented to maintain the power. Rousseau initiated the idea of General Will which purpose is to create a society that has freedom. He talked about the corruption in society which is brought in by inequality. Rousseau’s hope...
Words: 393 - Pages: 2
...Assignment Questions: 1. What is the role and importance of trade shows in marketing strategies? How could the IBSS help Birch achieve his goals? A trade show is an event where companies that are involved in a certain industry gather to exhibit their products, learn about current trends in their industry, and gain knowledge about their competitors. Trade shows provide opportunities for selling, reinforcing existing business relationships, and launching new products. These events can range in size from a small regional show featuring fewer than two dozen participants to massive national shows, which may draw hundreds of exhibitors and tens of thousands of visitors over a period of several days to a week. During the early and mid-1990s, business analysts, consultants, and participants alike debated whether the surge in electronic commerce and Internet purchasing options might soon render the trade show an irrelevant relic of a bygone business era. But by the beginning of the 21st century, the continued importance of trade shows had been reinforced. In fact, Tradeshow Week reported that the number of commercial exhibitions in the United States grew at an annual rate of more than 4 percent during the 1990s, with more than 4,500 exhibitions in 1998 alone. These trade shows accounted for more than $100 billion in annual direct spending and attracted nearly 125 million individuals. "In many industries, the trade show has become a must-seize marketing opportunity," stated Business...
Words: 476 - Pages: 2
...Good afternoon ladies and gentlemen. My name is Han Yu and I’m the representative from my country, Australia. Today I would like to let you know how beautiful and amazing my country is. First of all, we will go to see penguins, koalas and kangaroos on a day trip to Phillip Island, Melbourne's wildlife wonderland and holiday island. We will visit a wildlife park to get up close with koalas and kangaroos, and watch sea birds and fur seals in the rocky formation known as the Nobbies. At sunset, take your place at Summerland Beach to enjoy the nightly Penguin Parade, as cute little penguins waddle up the beach to their burrows after a day spent fishing at sea. To enhance your Penguin Parade experience, you can choose from a range of upgrade options, you can view the penguins from an exclusive viewing platform with Penguin Plus, interact with rangers and watch the parade from the exclusive Skybox, or choose the Ultimate Penguin Parade and enjoy a specially guided small-group tour at a secluded beach location. Next, we can also join a full-day Yarra Valley wine tour and visit four of the region's best known wineries, that is Yering Station, Balgownie Estate, Yering Farm and Domaine Chandon. Over lunch and a series of wine tastings, see why the Yarra Valley is one of Australia's most picturesque wine regions on your Yarra Valley wine tour, the perfect day trip from Melbourne. Other than that, we will also discover the scenic North Coast region of Port Stephens on a full-day coach...
Words: 337 - Pages: 2
...Phillips Furniture Case Dorothy Decker Baker College Phillips Furniture Case There are many things that need to be done in a small company that has found its business growing, adding more buildings, more employees and locations. This paper will show how to grow the company through the HR department in order to keep the company growing as well as maintaining the same management style in each and every store. In this case furniture store. What to Focus On The first thing should be a mission statement. Mr. Phillips and all of the management should sit down and discuss the purpose and objective of the store. With this it should lay out a goal and objective for the company that will explain to the employees what the company stands for, and where it will and should head into the future. It must lay out the objective that can be reached for each and every employee from management to hourly employees. Develop a Job Description One of the first and foremost things that need to happen from the Human Resource side of things is to lay out employee and management job descriptions. This is very necessary for the furniture retailer to grow. This is something that needs to be clear and concise and across each and every store. These job descriptions must be the same in order for the store to run smoothly. The job description of each position should be laid out clearly so each and every employee know what their job is and what is expected of...
Words: 867 - Pages: 4
...Title: Philips Global (Netherlands) I. Background (present, summarize highlights pertinent to the problem) The Philips Company was founded in 1891 by Gerard Philips and his father Frederik as a family business. Frederik Philips, being a banker in Zaltbommel, financed the purchase and setup of an empty modest factory building in Eindhoven where Philips started the production of carbon-filament lamps and other electro-technical products in 1892. This first factory survives as a Museum devoted to light sculpture. In 1895, after the first difficult years and going nearly bankrupt, Gerard's 16 years younger brother Anton entered the family business as a sales representative at the request of his father. Since then, due to Anton's brilliant business talent, the family business began to expand rapidly resulting in 1907 in the foundation of the N.V. Philips’ Metaalgloeilampfabriek (the Philips Lightwire-bulb Factory Inc) in Eindhoven, followed in 1912 by the foundation of the N.V. Philips' Gloeilampenfabrieken. (the Philips Light-bulbs Factories Inc). After Gerard and Anton Philips, who were first cousins of Karl Marx, changed their family business by founding the Philips Incorporation, they laid the base of the later electronics multinational. In the 1920s, the company started to manufacture other products, such as vacuum tubes. In 1939 they introduced their electric razor, thePhilishave (marketed in the USA using the Norelco brand name). Royal Philips Electronics of the Netherlands...
Words: 2014 - Pages: 9
...Marketing Plan Greenpeace Project Group 2 Greenpeace Project Coach: Study Year : Date of Marketing Plan: Helen de Haan 2010-2011 Feb-instroom, term 2, project 2 31-05-2010 1 Preface This marketing plan provides a comprehensive strategic plan for the NGO Greenpeace. It is aimed for Executive Managers and those who will conduct supervision of the implementation of this marketing plan. The marketing plan does not focus on technical issues, but rather examines basic principals concerning the internal- and external environment, strategy execution and the result realized after execution. To reinforce the purpose and profitable outcome of the marketing plan, there are, throughout this manuscript, numerous illustrative extracts with commentary, including company reports and other sources. Throughout the text some marketing- and financial terminology is used, for this reason foreknowledge of marketing and finance will be essential in understanding the analysis used in this manuscript and the true purpose of the strategic plan. Topics in the manuscript follow a logical coherent order. In part 1; general information about the internal- and external environment of Greenpeace is given, correctly identifying potential internal- and external threats and opportunities that may be in effect. After an exhaustive and thorough analysis, the information collected will be instrumental in conjuring up an efficient and effective marketing strategy which is clearly laid out in Part 2; “Marketing...
Words: 12016 - Pages: 49
