U.s. Economy s Economy - 8463 Words

EXECUTIVE SUMMARY Macro Economy The U.S. economy was stagnant during the last decade primarily due to the two recessions that occurred from March to November 2001 and from December 2007 to June 2009. The two recessions resulted in weak GDP growth, zero net job growth and a decrease in household wealth that eradicated any gains in household wealth accumulated during expansionary periods. Over the next year the unemployment rate is expected to decline at a slow pace keeping consumer confidence low. In the short run, it is not likely that household spending will increase significantly. Industry Analysis The last several years were also tumultuous for the U.S. auto industry. After dominating the market for decades, American automakers had grown complacent about product development. At the same time, rising gas prices and uncertainty about the economy caused consumer preferences to shift from SUVs to more fuel efficient vehicles. Foreign competitors entered the U.S. market offering more reliable, higher quality and more fuel efficient vehicles at a lower price and began to steal market share away from American automakers. In order to remain competitive, U.S. automakers need to focus on increasing production efficiencies and developing innovative product offerings. Firm Analysis Ford started the decade lagging behind foreign competitors in production efficiency and technological advances in new product development. However, by the end of the decade Ford was the industry leaderShow MoreRelatedU.s. Economy s Economy1330 Words   |  6 Pages1 U.S. ECONOMY U.S. ECONOMY CRISIS Sheryle Leonard Colorado Christian University 2 U.S. ECONOMY Abstract The state of the U.S. economy has an impact on every American. There has been economic depression in this country since the collapse of the housing market in 2007, that has seen widespread unemployment and home foreclosure combined with conservative consumer spending. Research conducted through financial new websites, government reports and survey provided information on where the economy standsRead MoreU.s. Economy s Impact On The Economy955 Words   |  4 Pagesthat the economy could benefit from the tuition increase being put back into it. With this extra money the economy could start to recover from the recession that designated start was December 2007 (R.F., 2015). While recovery is very important for America, how can tuition increase help to rebuild a country that needs less people in debt and more productive citizens producing rather than increasing debt due to rising cost? How much will the government take from students to rebuild its economy? DeprivingRead MoreU.s. Economy s Economic Analysis1157 Words   |  5 PagesAs indicated by the Bureau of Economic Analysis (BEA), add up to generation in the U.S. economy developed at a 2.1% clasp in the second from last quarter of 2015. In the second quarter, genuine (GDP) was modified up to 3.9% development. There are a few issues with depending on GDP to gage financial wel lbeing, yet these are as yet promising signs for a nation battling through the slowest post-retreat recuperation in its history. Positive financial numbers just add to assumptions about a potentialRead MoreU.s. Economy s Impact On The United States1441 Words   |  6 Pagesafter the September 11, 2001, terrorist attack on the United States, the Federal Reserve reduced short-term interest rates to stimulate the U.S. economy. How might this action have affected the foreign flow of funds into the United States and affected the value of the dollar? How could such an effect on the dollar have increased the probability that the U.S. economy would strengthen? (Madura, 2011) I will briefly describe about September 11 attacks in the following paragraph. On the morning of SeptemberRead MoreU.s. Japan s World s Most Successful Democracies And Largest Economies885 Words   |  4 Pagessuccessful democracies and largest economies. The U.S and Japanese alliance is one of the cornerstones of modern society. Which has led to more fundamental and regional stability and prosperity for both countries. The alliance is based on shared vital interests and values. Both countries support preservation and promotion of political and economic freedoms as well as the support for of human rights. This paper is focused on the comparison between U.S and Japan. The U.S and Japan are both huge and powerfulRead MoreU.s. Economy s Energy Industry And Providing Underwriting Services998 Words   |  4 Pagesindustry and providing underwriting services, advising on mergers, even funding the building of homes for oil workers. However, due to crashing oil prices, several dozen oil rigs have been shut down in the western U.S. and hoards of workers lost their jobs. The rapid development of U.S. oil production by the mega-corporations was financed from big loans by chief banks. These banks are now concerned about potential defaults on the energy loans, raising anticipation of insolvencies. In January 2015Read MoreU.s. India s Economic Potential Of The Regional Economy Through A Two Lead Confidence Building Measure2116 Words   |  9 PagesInterest in Afghanistan’s Economic Potential: At the 2012 ‘Heart of Asia’ conference Indian intended to support Afghanistan and integrate it into the regional economy through a two lead confidence building measure. India can take a leading position in facilitating trade and commerce opportunities for Afghanistan and the region. The ‘New Silk Road’ narrative where Afghanistan will regain its role as a land bridge between south, central, middle east and Eurasia has some traction in India. If relationshipRead MoreChin An Entrepreneur Economy With Tyrant Government1591 Words   |  7 Pagesfreely. Individuals are detained if dissented and who undermine security and there doesn t exist common freedoms, worker s organizations, and focuses of political force outside to comrade party. At the point when comes to financial matters among the world s countries there is no more in the middle of socialism and free enterprise. It s political. China is an entrepreneur economy with tyrant government. For a long time, s uspicion made that free enterprise and majority rules system goes as one. TheRead MoreMarket Analysis : Currency Etf1234 Words   |  5 PagesWith the growing popularity of ETF s, investors have found it very easy and relatively inexpensive to trade currency ETF s to take advantage of fluctuations between currencies. Currency ETF s are purchased to track most international currencies including the U.S. Dollars, Canadian dollars, and Mexican peso. Currency ETF s aim to replicate movements in currency in the foreign exchange market by holding currencies either directly or through currency-denominated short-term debt instruments. LaunchedRead MoreThe United States Economy Benefit From A New Gold Standard Essay1268 Words   |  6 PagesPart 2: Would the United States Economy Benefit from a New Gold Standard? With the continuous decline of the United States economy, it leaves us to wonder if there is anything that can be done to stop this degradation. There are several economic policies that can have different effects towards the stability of our countries currency, but one that stands out is the issue of returning to a Gold Standard. Would this be the best course of action, or would it further the problems we currently have, or

Knowledge management is indispensable strategy today - Free Essay Example

Sample details Pages: 7 Words: 1951 Downloads: 1 Date added: 2017/06/26 Category Management Essay Type Narrative essay Did you like this example? For some decades ago, in business world, many companies had been successfully operated, and of course, many were eradicated out of the game. we can easily predict that the former firms might have good managers to run their business effectively, or such firms might have the right choice of offering goods and services that have high demand at that period, or it may be other factors contributing to their success such as employees skills, effective cost production and so on. For the later firms, the outcomes of these unsuccessful ones might be resulted from being lack of effective managers, or because of wrong goods and services they were offering, and etc. Today business world, in order to have long-lasting survival, in addition to effective managers, cost effective production, good employees, and right product choices, firms have to maintain, store, and enhance what their managers and employees know such as experiences about setting effective and efficient plan f or their company and the way company is managed, understandings of customers , experiences about making products or services, and so on. In other words, knowledge of employees and staffs in the company must be maintained for the application of next generation. It is the truth that today firms are more focus on knowledge maintenance, especially in high technology industry in order to keep their position in the business world, and hence, knowledge management is one of the most important policy firms put it on priority among their goals and objectives. An in-depth analysis into this issue will provide you background of knowledge at different views, how knowledge management is performed in today business competitive industry, why it is important to entities, and its life cycle as well. Body Knowledge Suppose that two employees who have the same period working in a garment company but why their production is considerably different after a specific time? People may commonly an swer that it is due to the difference of their working skills, knowledge, and experiences. Of course, we can easily realize that employee who has high production would have better skills, knowledge and experiences compared with the remaining one. It will be profitable if all employees are high production ones. The truth is that the more skills, knowledge, and experience employees possess, the more value the company will be added. That is why knowledge management will somehow play a major role in the company strategy. To understand about knowledge management, we have to know what is the knowledge. Imaging that we know how to cook a bowl of Hue-style-beef noodle, (a traditional food in Hue city, Thua Thien Hue province, Vietnam), the method and the skills we cook are considered as our knowledge. Therefore, knowledge can be come from physical ones such as books, newspaper, magazines, and etc, and hence people can learn cooking from any teaching-cooking boob. Besides, knowledge also can be drawn from experiences of people. For example, a person does not learn cooking through a book, but from what he or she observes other cookers, and then he or she will have knowledge about cooking. To have more understanding about knowledge, lets us consider some views of knowledge. In Elias M. Award and Hassan M. Ghaziris view (2003), knowledge is defined as understanding gained through experience or study (1). For this definition, knowledge may come from familiarity with how to do a special work or also may draw from accumulating facts, procedures rules, or heuristics. It is also defined that knowledge is the process of translating information (such as data) and past experience into a meaningful set of relationships which are understood and applied by an individual (2) (Shelda Debowski, 2006). Looking at these two views, we can see that the formers view has a broader look and more succinct compared with the laters one despite of its short definition. As it has been menti oned above, knowledge can be drawn from experience and study as well, but the thing is that what will we name knowledge from experience, and knowledge from study, making it easy to have a closer look at knowledge . If we want to have an in-depth understanding about knowledge, we have to know it in details, and It will be more understandable for readers if knowledge can be categorized. That is the reason why knowledge experts from different countries have categorized knowledge into two common types, the tacit knowledge and the explicit knowledge. It is not difficult for us to understand about tacit knowledge and explicit knowledge. Tacit means to be silent, and hence it might not be spoken out, meaning that if a person has tacit knowledge, he or she might not be able to hand it over to other people by the means of communication, or writing description and the like. In other words, it is the knowledge we know but we do not realize we have known , and how we know it, thus we might n ot be able to make it understandable . For instance, knowing how to drive a bike is what tacit knowledge is about because it is very difficult to teach people driving via any writing description. Indeed, we all know about how to drive it but we cannot teach others step by step, or by writing the process of how to write a bike. This results in that no books teaching about bike driving are published in the world. Talking about explicit knowledge, we can realize that explicit means to be clear and directed. Therefore, such knowledge can be learned via academic and technical methods such as books, writings, chatting, communicating, and the like. A person knows how to cook through direction from a book is the explicit knowledge. In order to specify what is belong to tacit knowledge, and what is belong to explicit knowledge, we should realize characteristics each type of knowledge possesses. According to Nonaka and Takeuchi (1995)(3),tacit knowledge has the following characteristics : It is the knowledge used to create explicit knowledge. It is best communicated personally through dialogue and scenarios, with the use of metaphors. It is the knowledge embedded in the mind of human. And the explicit knowledges characteristics are listed as follow: It can be codified and digitized in books reports and so on. It can be retrieved and transmitted more easily than tacit knowledge. Professor Ikujiro Nonaka (2011), in an interview with Vietnam Economist Times, characterized tacit knowledge as subjective knowledge that is difficult to express in word and explicit knowledge as objective and rational knowledge that can be expressed in words (4). All of these characteristics, it is better for us to summarize that tacit knowledge is subjective (only existing in ones mind)and explicit is objective (exist outside ones mind as a real thing) and rational. Knowledge management Imaging that in a specified time, a manufacturing company possesses a very go od employees and staffs, and hence reaches low production cost, meaning that it will add more value to the firm because products are produced at a low cost by such employees. After two or three decades, most of those employees and staffs are retired according to employment rules, and new employees will be recruited into the company. Of course, these new employees are not good as those who have retired in terms of skills, and awareness of production process. As a result, the company will somehow face high production cost, reducing companys income, and that becomes a problem for that company. We can easy realize that it is the problem of knowledge management. If that company initially had knowledge management plan, the problem might not came. Knowledge management is about managing knowledge, especially in today companies, helping them maintain knowledge that their current employees, staffs, experts, and all managers possess in order to survive and to have positions in today competi tive market. According to Kimiz Dalkir (2005), knowledge management is the process of applying a systematic approach to the capture, structure, management, and dissemination of knowledge throughout an organization in order to faster, reuse best practices, and reduce costly rework from project to project(5. We can consider that knowledge management can be standard for companies that have the same industry, but the knowledge management approach in these companies might be different in terms of size, operational style, power of the company. Apple corporation is a manufacturing firm(producing cellular phones, Ipads, computers, and etc) that has more power than other companies having the same industry to run knowledge management effectively. That is the reason, the company publishes new generations of Iphone, Ipad in every year. For small companies, knowledge management might not be well operated, this may be because they do not have enough capital to use for knowledge management or may be due to their poor management style. The outcomes of effective knowledge management are quite considerable. It adds more value to companies, and helps companies keep its position in the competitive market. To improve knowledge management outcomes, one factor companies must consider is about their customers, and what customers need and what customers desire from the company will somehow contribute to companys advantages. Apple corporation has been aware about that factor, and hence, new features and favorite shape of Iphone are added to new generation, attracting customers to buy the new. Another factor companies should take a look at it is the product life cycle. If firms just concentrate on knowledge management but do not care about whether products they produce is out of date or not, the problem will come. Motorola corporation is an example, when become the global leader in pager market, leaders in the company effectively performed knowledge management strategy, and thus new generation of pagers was published, but the problem is that pagers was out of date due to advent of cell phones. Therefore, product life cycle consideration will in some ways contribute to the outcomes of knowledge management. Leaderships and skills needed to enhance knowledge management process Who will be important to knowledge management must be considered if we want our company have good knowledge management strategy installed. Managers are necessary to knowledge management plan in a company. They play a very vital role in supporting, implementing, and encouraging employees of their company. Both middle and top managers might have direct management of these employees. Knowledge management plan will be effectively and efficiently planned , if managers have good skills on planning and are aware of the importance on knowledge management. Besides, managers have to focus on knowledge management cycle in order to reach the best knowledge management strategy. According to Nonaka and Takeuchi(1995), there are four stages in the cycle of knowledge management. Managers should follow these stages. For example, the first stage managers can do is to gather personal skills of employees by the mean of socialization such as face to face communication. Managers should then convert these collected knowledge into meaningful ways that people can understand, that we call the process of externalization. Combination of these meaningful ways must be performed in order to reach a new form. The last stage is that managers have to encourage employees to extend the knowledge using their own tacit knowledge. If the four stages are well performed, the outcomes of knowledge management will be very considerable. Conclusion To sum up, knowledge management can be viewed as a new vital strategy of any entity in today competitive market as it adds more value to business and keep companys position in the future. That is the reason why many companies have concentrated on knowledge management. Footnotes: (1): Elias M. Award and Hassan M. Ghaziri, (2003), Knowledge Management, Prentice Hall. (2): Shelda Debowski, (2006), Knowledge Management, first edition, Sydney and Melbourne, John Wiley and Sons Australia. (3): Kimiz Dalkir (2005), Knowledge Management In Theory and Practice, Elsevier. (4): Ikujiro Nonaka ( April 2011), Drawing on Knowledge, Vietnam Economic Times, p.31. Don’t waste time! Our writers will create an original "Knowledge management is indispensable strategy today" essay for you Create order

Use of Chemical Weapons and its Effects on the Neighboring Countries Free Essays

Globalization can be defined as the process of integrating the social, economic, political, and cultural of different countries globally. Globalization stems back all the way to the second half of the 20th century. Globalization has plenty of accolades, but it also has major negative consequences. We will write a custom essay sample on Use of Chemical Weapons and its Effects on the Neighboring Countries or any similar topic only for you Order Now Scientific developments hastened with globalization and tools of mass destruction like chemical weapons started being produced on large scale and demand. This paper focuses on how the use of chemical weapons in Syria has affected the Syrian environment and its relations with its neighboring countries. Background Chemical weapons are some of the most dangerous tools to be used in war. Chemical weapons have been used for centuries in fight, but it was not until the First World War that they were used in large scale. According to Ahmet ÃÅ"zà ¼mcà ¼ says that this was all made possible by the rapid advances in science technology that enabled the mass production of these lethal weapons. Despite the early efforts to control the use of these weapons by signing the Geneva protocol in 1925, it did not require that one could not stock chemical agent; therefore, they continued to be used in warfare during the cold war and even the Iran-Iraq war. In 1993, the world community signed the chemical weapon convention, which was enforced in 1997 (1). This was a much comprehensive ban on chemical weapons. Destruction of these weapons is projected to conclude in the next few years. Recent events in Syria have reminded the world of the horrific impact of chemical weapons. According to Pita Renà © and Juan Domingo, the Syrian government accused a terrorist group of firing a chemical rocket at the southeast of the city of Aleppo, Khan Al Asal that took the lives of 25 innocent people and injured more than 110 people (2). Jefferson quoted the US secretary of state on the event as â€Å"moral obscenity†. The Organization for the Prohibition of Chemical Weapons (OPCW) could not investigate the disaster since at the time Syria was not a member of the Chemical World Convention. However, after the Syrian Government asked the United Nations to investigate whether the use of chemical weapons caused the attack, it started the UN Secretary-General Mechanism (SGM). The UN Secretary-General assembled a mission that consisted of OCPW personnel and medical staff from the world health organization (4). The investigation did confirm that the attack was chemical based, and also set the base for the investigation of other alleged chemical weapon attacks with France and the United Kingdom accusing Syria of another chemical related attack. These were followed by other allegations by Qatar and the USA. They were all alleging that through their investigations they had found the 12 different attacks to have been caused by chemical weapons which were in possession of the Syrian government. The investigations were conducted through the means of individualized governments, which meant that the UN could not use the findings. The United Nations could not use these findings because they did not have the proper chain of protection, as the United Nations required the investigation to be done by its personnel. However, after all the turn of events, the Syrian government decided to join the CWC led to the commencement of international efforts to completely Syria of these dangerous chemical weapons (5). Problems The use of Chemical weapons in Syria attracted a lot of attention from big world powers. Greg says that the USA and the UK became the most spoken in the fight against removing chemical weapons and a new regime in Syria. After the statement of the US secretary of state John Kerry, the then President of the United States of America Barrack Obama also issued a statement warning Syria that any use of chemical weapons by the country would be crossing a global red line. The British Prime minister David Cameron despite conceding the parliamentary vote on taking part in military action and gave a striking warning that the use of chemical weapons would quality a strong response from the United Kingdom. According to Christian Henderson, the UK decided that by â€Å"legal basis military action would be humanitarian intervention.† Syria had potentially made unnecessary powerful enemies who could subdue it if it went past diplomacy (3). Syria was not part of the CWC when the first attack took place; this meant that the relevant authority that was assigned with the task of investigating chemical attacks could not get involved. Even though other individualized governments had carried out their investigation due to the lack of chain of custody of the investigations, even the UN could not take any action. This meant the process would drag on for a longer period than it should have and the relationship between the countries involved would continue to strain. In turn, the process of ridding the universe of chemical weapons would suffer setbacks. Pros The attack in Syria brought back the attention of the world to a problem that needed an urgent solution. Syria was still one of the countries that were still not in the CWC, and the attack showed the world that they needed to do everything possible to get the other countries to join CWC. According to Catherine Jefferson, Syria did allow and joined CWC and had since cooperated with the body in the destruction of the chemical weapons stock. For the OPCW to get involved in the first investigation, it required the activation of the SGM, the enactment of this mechanism showed the importance of achieving Universal membership (2). Since Syria became part of the CWC actions have been taken to ensure that Syria destroys the chemical weapons and through this Samiotis and Grekos, shows in 2014 chemical weapons from Syria were destroyed aboard a vessel belonging to the US Maritime Administration by the name MV Cape Ray in the Mediterranean Sea. This was a big milestone in the fight for a world free from chemical weaponry (2). Cons The first agreement against chemical weapons, the Geneva protocol was signed in 1925, but countries were still stockpiling chemical weapons, and it took well over 68 years before the Chemical Weapon Convention was established in 1993. It took another four years for it to be enforced, but the drawback is that there are countries that are not part of the CWC; thus, this does not affect that which puts the convention under threat. This is seen when the attacks in Syria take place by the use of the weapons, and it is even harder to assemble a mission to investigate the attacks due to the lack of custody (Renà © and Domingo 2). The convention has played a big role in destroying chemical weapons, but there is still a long way to go before they accomplish this mission entirely. The use of chemical weapons in Syria has a very negative effect on the natural environment of the countries affected. According to Pita Renà © and Juan Domingo shows, that the samples collected from the scene of the attack had Sarin decomposition and metabolites. The destruction of chemical weapons in the Mediterranean Sea according to has consequences that even from a scientific perspective still do not know the extent to which it may destroy the sea. The chemicals involved in the making of the weapons cause a lot of damage to the environment which if not dealt with my cause a permanent problem. Many of the attacks have happened within Syria, and any signs of way are a threat to political stability and attainment of world peace. The claims that have been made against the Syrian government have not been proven, and thus no one has taken responsibility for the attacks (4). Solutions According to Christopher Jenkins, the CWC is on the right track towards the complete destruction of chemical weapons. The CWC should engage the countries that have not joined them to subscribe to the cause and help the world become chemical weapon free. Most of the countries are storing the weapons because of the uncertainty that they might face a war shortly. If the CWC and other relevant authorities come together, get involved and guarantee these countries that they won’t fall into the attack, then it may be possible to get them to join CWC (1). Recommendations The Syrian government has strained relations with other countries due to the recent attacks. It is important for these countries to have a good international relationship for the CWC to be well enforced and reduce any chances of them getting into a war and spark another wave of large-scale production chemical weapons. The Syrian government should also get involved in the process of restoring the country to a more stable state. They should get as much outside help as possible and enhance their international relationships. 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