Description – During my internship with an Economic and Trade office, I was engaged in various investments projects, cultural events, and HR administration duties. Part of my HR duty was managing four different personalities to organise a cultural promotional event, with a supervisor monitoring our progress. Even through we were supposed to work as a team, I did not maximise on the strengths of each member, but took most of the responsibility myself. Consequently, the team became demotivated and less efficient. We were not able to find much sponsorship for the event. The director was displeased and blamed us for this failure. I became disappointed and wished that I had engaged the team more by listening to their views, and allowing them to contribute where the could. Feeling – As I took it upon myself to perform most of the tasks meant for the team, I felt as if I was doing the right thing because it would help avoid mistakes. At the time, I thought that the team members were not competent enough to offer better solutions for undertaking the project. I worried much about what might go wrong and was unwilling to take the risk. I also wanted to prove my abilities and good judgment skills to the supervisor. I now realize that I was trying to avoid a situation where I would take the responsibility if the team failed to deliver. Even after completing the task, I still felt that everything would be okay since I was in charge of everything and I rarely make mistakes. But the
A specific example of when this happened related to work when I was asked to present a workshop relating to the key working and care planning of clients. The sequence of events was I prepared a workshop only to be told the morning of the presentation that it was to be done a completely different way. I went along with this but became aggressive in the way I delivered it causing arguments between myself and senior staff members during the session. This is a simplified version of events but for the purpose of this analysis and comparison is sufficient.
After World War II, America experienced unprecedented economic success in the world because of its advanced capitalistic system, and its prosperity lasted for over three decades. Back then, the top American companies dominated the technological markets, so they made substantial profits. Because of less competition both at home and abroad, firms and employers can easily charge a price that covers all of its production cost. Thus, employers had no problems offering relatively high salary, wages, and other benefits to their employees. This is one of the main reasons that we had a strong middle-class at that time. However, we have a shrinking troubled middle class today. Many Americans are complaining about salary stagnation, reduced benefits, and rising inequality. All of these changes have everything to do with global economy. All firms are facing fierce competition now, especially after China and India are becoming more open to the world market since last decade. As
1. Should he pay the “commission” and, if so, to whom? Explain your reasoning. If he pays, how should he handle the situation with the sales manager and the vice president of sales? In your answer, include a discussion of the arguments in favor of paying and the arguments in favor of not paying.
It has gotten a little easier the further I get into my internship recognizing my personal values when it comes to my clients. My social worker and I were called out to an investigation regarding a woman apparently living in a shed with her three children. During the investigation the social worker and I performed a safety checklist of the home (shed). The home did not possess a legal power source, water supply or indoor plumbing. Meanwhile, the checklist was performed within the home, as we stepped into the home, it was determined that the home was not the most conventional home. Although this family’s home was less than perfect the social worker and I advocated for the services to help this family stay together. As this investigation came to an end for the day, I talked to my supervisor about the case. I was surprised to learn that due to the fact that the family had access to all the resources their home did not have it was acceptable for the social worker to leave the children with their mother. The social worker informed the client she needed to make some changes to
6. If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence the incentive of individuals to (a) take care of things, (b) conserve resources for the future, and (c) develop and modify things in ways that are beneficial to others? Explain.
SABMiller and Diageo are two largest beer producer in Africa. ”SABMiller, if combined with its partnership with France's Castel Group, sells roughly 60% Africa’s beer by volume. Diageo’s also expands its operation successfully that Senator Keg, its supercheap beer, is also now number two most popular beers in Kenya. As these giant brewers monopolized Africa’s beer market, it can be said that the market has an oligopoly market structure, and both pursue identic operations, so the market can be labeled as competitive. The interdependence that is happening between both brewers makes the competition happens. As SABMiller produces Impala that is half price from its previous beer Manica, Diageo produces Senator Keg to balance it. Diageo
The American economy is a vibrant, free-market system that is constantly developing out of the choices and decisions made by millions of citizens who play multiple, often overlapping roles as consumers, producers, investors and voters. The changes in the organization and performances of the manufacturing industry over the last century have helped shape the American economy. The Automotive industry perhaps made the biggest changes to their manufacturing processes. I will be reviewing the role of the industrialist Henry Ford and his innovative methods that changed the organization and performance of the American manufacturing industry forever. He produced an affordable car, paid high wages and helped create a middle
As of November 7th the U.S economy added 214,000 jobs, which makes the unemployment rate down to 5.8 percent, the lowest in six years. The unemployment rate fell from 5.9% to 5.8%, which is lowest since July 2008. Hourly earnings rose three cents to $24.57 and are up just 2% over the past year, in line with the unclear increases so far in the five year recovery. Economists have been looking for a pickup in wage gains to branch more consumer spending. This recent data implies that the slow progression out of the Great Recession is gaining control. However, Americans are seeing their purchasing power rise while jobs come back thanks to falling oil prices.
It is no surprise that the Canadian economy has been suffering for some time now. I use the term "suffering" loosely as we have seen an increase in certain sectors, to which I will comment on. As a Canadian business student understanding the economy within Canada, and knowledge of where its direction is critical. Royal Bank of Canada (RBC) being the biggest bank in Canada, as well as many other banks play an important role in the economy. Further, this assessment provides the general public an idea how long it will take the economy to rebound. Many will read this article and become outraged with government and their decisions. Rather than see the great opportunity that Canada has to reinvent its economic identity.
Describe some ways that you feel that you could have worked better collectively as a group.
Inc. I had a wide variety of duties and responsibilities, and I was constantly trying to learn as much as I possibly could. My job title was a Strategic Finance Intern, so my duties revolved around strategic decision making for the company. I worked closely with the multiple groups including Corporate Strategy and Product Development. However, I worked specifically in the Steelcase’s New Business Innovation group, so I was in charge maintaining the financial spending for that department. I worked with the two startups companies that Steelcase has developed internally, by helping them make strategic growth decisions based off of the financial analysis I had done. On top of that, I was also in charge of planning and forecasting for the months ahead and as of right now, I am in the middle of planning for the next fiscal year. In addition, at the end of every month, and at the end of the fiscal quarters I am in charge of closing the books for the entire department as well as reporting revenues to the Corporate Finance team so they can report all of Steelcase’s earnings to the Shareholders. I had to follow all of the GAAP guidelines when closing the books as Steelcase is a publically traded company. I would also receive ad-hoc request’s to do a financial analysis on a current problem either for either one of the startups we were facing, so it was anything from a sales timeline, to modeling
In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.
My internship at NDU was at EST Ephrem Makhlouf, specialized in special building materials and waterproofing products.
Eurasia developed an integrated network of economic activity by the year 1200 C.E.. Between 1000 BCE and 1200 CE, it expanded greatly. The principle relied heavily on changes in trade networks, governmental alliances, religion and the continuity of warfare and social hierarchies.
The level of internationalisation around the globe has grown throughout the years, with advanced technologies the ease and ability to work with foreign countries has also grown. However, firms do not simply interact with each other with no outside party involvement; the government can be seen to play a large role in conducting international business. Governments continuously have the responsibility to act in the manner that they believe is best for their nation; this includes decisions regarding protectionism, which may serve to aid domestic industries but simultaneously hinder international business. It can be seen that governments do not always act in their nation’s best interest and are corrupt which can serve to increase the risks and costs of entering an international business environment. While these are examples in which the government makes international business difficult it can also be seen that the presence of a government is instrumental in creating international business effectiveness, whether this be through their legal system or from trade agreements. This makes the role the government plays paradoxical; as their involvement generally increases the risks and costs of firms seeking to internationalise, whilst simultaneously playing a significant role in creating international business effectiveness.