Principles of Business Phase Essay Example for Free

Principles of Business Phase Essay In the aspect of business management, there are several elements and characteristics that organizational leader take into consideration when analyzing the condition of the economy of a certain society or nation. These elements are mainly the certain advantages and disadvantages of each society compare to others in terms of production, resource consumption, and economic benefit. Ideally, business leaders analyze each society based on the economic advantage they posses thus, establishing its fundamental business characteristic for market selection. In the application of this concept, consider the following scenario and the characteristic of the economic advantage each respective has for market analysis and selection. a) A nation has companies with the capacity to make stereo equipment at a much lower price than other national producers because of lower cost labor. The stereo equipment is of the same quality as other international producers. The characteristic of this society is mainly absolute advantage as their production nature possesses more benefits than the other in terms of resource consumption. Ideally, each business leaders desire to have better and effective production with lesser expenses to gain greater profit. Because this society can produce the same quality standard for their product similar to others while having cheaper production cost, their have absolute advantage than the others in terms of production and market selection. Indeed, business organization will desire to utilize the absolute advantage that this nation has for greater profit. b) A country mines for a high-demand precious gem only found within that country’s borders and distributes the gems to jewelry dealers all over the world. The principle for the economic characteristic in this scenario can be considered as absolute advantage mainly because the highly demanded resources can also be produced by their society making it their concrete advantage over the others. Likewise, this characteristic can also be considered as a comparative advantage scenario as the society can also be viewed as not the most efficient producer only that they are the only possible producers. Considering their condition, they might not be the most efficient producers for other products however, they can find certain advantage through specializing and focusing on the highly demanded product, which can only be found in their resource area. c) An overseas country passes laws to protect certain business practices that other countries may find unsuitable and perhaps unethical. The protection of these business practices are not seen as abusive or exploitive within the overseas country and are also consistent with national social standards. The business principle applied in this scenario can be considered as national competitive advantage as the law passed by this nation becomes their significant advantage over the others namely their concern for protecting certain business practices. Other societies might consider this protection perhaps unethical yet this specific nation implemented them while maintaining their adherence to the national standard. As such, business organizations who see much benefit from this protection will take consider applying their production operation in this nation. Thus, the law they passed protection business operation will become their significant advantage though not absolute above others. Bibliography Johansson, Borie Karlsson, Charlie Stough, Roger (2002). Regional Policies and Comparative Advantage. Edward Elgar Publication, USA. ISBN-10: 1840648341. Porter, Michael E. (1998). The Competitive Advantage of Nations. Free Press Publication, USA. ISBN-10: 0684841479.

Divine Comedy - Contrapasso of Dante’s Inferno Essay examples -- Divin

Inferno - Contrapasso In Dante’s Inferno, Dante takes a journey with Virgil through the many levels of Hell in order to experience and see the different punishments that sinners must endure for all eternity. As Dante and Virgil descend into the bowels of Hell, it becomes clear that the suffering increases as they continue to move lower into Hell, the conical recess in the earth created when Lucifer fell from Heaven. Dante values the health of society over self. This becomes evident as the sinners against society experience suffering greater than those suffer which were only responsible for sinning against themselves. Dante uses contrapasso, the Aristotelian theory that states a soul’s form of suffering in Hell contrasts or extends their sins in their life on earth, to ensure that the sinners never forget their crimes against God. Even though some of the punishments the sinners in Hell seem arbitrary, they are fitting because contrapasso forces each sinner to re-live the most horrible aspect of their sin to ensure they never forget their crimes against God. As Dante and Virgil, Dante’s guide through Hell, approach the Gate of Hell, Dante reads the inscription above the gates: â€Å"Through me the way to the suffering city, through me the way to the eternal pain, through me the way that runs among the lost. Justice urged on my high artificer; my maker was divine authority, the highest wisdom and the primal love. Before me nothing but eternal things were made, and I endure eternally. Abandon every hope, who enter here.†Ã‚  Ã‚  Ã‚  Ã‚   (III, 48) This message accurately describes how those souls will experience contrapasso in Hell. They will never be released and will experience suffering for eternity. The first line speaks of a... ...ouls to exist. It is a fitting punishment because he wanted to rule like God. Now he does, but he rules over the souls who could not achieve the presence of God after death. Dante efficiently uses contrapasso to punish the souls that sinned in their lifetimes. All the sinners experience ultimate suffering as they act to extend or continue their sin for eternity. The suffering in Hell is ultimately unbearable, regardless of the nature of sin. The sinners have no hope of their condition becoming any better because the only change will be at the Final Judgment. Then their punishments will be perfected because they will then have bodies and a new way to experience suffering. Contrapasso ensures that these souls will exist in an eternity of complete despair.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Works Cited: Alighieri, Dante. Inferno. Trans. Mark Musa. NY: Penguin Books, 1984.

The Great Recession of 2008

An economy which grows over a period of time tends to slow down the growth as a part of the normal economic cycle. An economy typically expands for 6-10 years and tends to go into a recession for about six months to 2 years. A recession normally takes place when consumers lose confidence in the growth of the economy and spend less. This leads to a decreased demand for goods and services, which in turn leads to a decrease in production, lay-offs and a sharp rise in unemployment. Investors spend less as they fear stocks values will fall and thus stock markets fall on negative sentiment. The economy and the stock market are closely related. The stock markets reflect the buoyancy of the economy. In the US, a recession is yet to be declared by the Bureau of Economic Analysis, but investors are a worried lot. The Indian stock markets also crashed due to a slowdown in the US economy. The Sensex crashed by nearly 13 per cent in just two trading sessions in January. The markets bounced back after the US Fed cut interest rates. However, stock prices are now at a low ebb in India with little cheer coming to investors. The defaults on sub-prime mortgages (homeloan defaults) have led to a major crisis in the US. Sub-prime is a high risk debt offered to people with poor credit worthiness or unstable incomes. Major banks have landed in trouble after people could not pay back loans (See: Subprime pain: Who lost how much) The housing market soared on the back of easy availability of loans. The realty sector boomed but could not sustain the momentum for long, and it collapsed under the gargantuan weight of crippling loan defaults. Foreclosures spread like wildfire putting the US economy on shaky ground. This, coupled with rising oil prices at $100 a barrel, slowed down the growth of the economy. Tax cuts are the first step that a government fighting recessionary trends or a full-fledged recession proposes to do. In the current case, the Bush government has proposed a $150-billion bailout package in tax cuts. The government also hikes its spending to create more jobs and boost the manufacturing and services sectors and to prop up the economy. The government also takes steps to help the private sector come out of the crisis. The US economy has suffered 10 recessions since the end of World War II. The Great Depression in the United was an economic slowdown, from 1930 to 1939. It was a decade of high unemployment, low profits, low prices of goods, and high poverty. The trade market was brought to a standstill, which consequently affected the world markets in the 1930s. Industries that suffered the most included agriculture, mining, and logging. In 1937, the American economy unexpectedly fell, lasting through most of 1938. Production declined sharply, as did profits and employment. Unemployment jumped from 14. 3 per cent in 1937 to 19. 0 per cent in 1938. The US saw a recession during 1982-83 due to a tight monetary policy to control inflation and sharp correction to overproduction of the previous decade. This was followed by Black Monday in October 1987, when a stock market collapse saw the Dow Jones Industrial Average plunge by 22. 6 per cent affecting the lives of millions of Americans. The US saw one of its biggest recessions in 2001, ending ten years of growth, the longest expansion on record. From March to November 2001, employment dropped by almost 1. 7 million. In the 1990-91 recession, the GDP fell 1. 5 per cent from its peak in the second quarter of 1990. The 2001 recession saw a 0. 6 per cent decline from the peak in the fourth quarter of 2000. The dot-com burst hit the US economy and many developing countries as well. The economy also suffered after the 9/11 attacks. In 2001, investors' wealth dwindled as technology stock prices crashed. Indian companies have major outsourcing deals from the US. India's exports to the US have also grown substantially over the years. The India economy is likely to lose between 1 to 2 percentage points in GDP growth in the next fiscal year. Indian companies with big tickets deals in the US would see their profit margins shrinking. The worries for exporters will grow as rupee strengthens further against the dollar. But experts note that the long-term prospects for India are stable. A weak dollar could bring more foreign money to Indian markets. Oil may get cheaper brining down inflation. A recession could bring down oil prices to $70. Between January 2001 and December 2002, the Dow Jones Industrial Average went down by 22. 7 per cent, while the Sensex fell by 14. 6 per cent. If the fall from the record highs reached is taken, the DJIA was down 30 per cent in December 2002 from the highs it hit in January 2000. In contrast, the Sensex was down 45 per cent. The whole of Asia would be hit by a recession as it depends on the US economy. Asia is yet to totally decouple itself (or be independent) from the rest of the world, say experts.

Emotional Intelligence Can it be Improved - 529 Words

As a leader in the military, I encountered an airman who was low on the emotional intelligence scale. He survived basic training and a pretty intense two month technical school that required he learn at a fast pace while still adjusting to military norms. He lasted less than two years in the military before he was asked to leave. This airman had met all the military prerequisites. To work in the public affairs arena he had to score pretty well on the military entrance exam, so he met the usual predictor of success; he had the cognitive abilities. He was separated from the Air Force because of his poor social skills. This paper will discuss whether our organization could have developed the airmans emotional intelligence and if so, what effective training would look like. It has often been said hurt people hurt people and can hurt an organizations bottom line. Executives are taking notice. Hurt people can be more accurately described as people with low emotional intelligence. g-man believes damage to the affective domain can start early on in life, when a child picks up unhealthy coping mechanisms and it becomes deeply ingrained as they grow into adulthood. People with high emotional intelligence exhibit competence in two areas - personal and social. The personal competence encompasses how well a person can identify and regulate their emotions and the social competence is how well a person can identify or empathize with others emotions and manage them. The airman whoShow MoreRelatedEssay on Emotional Intelligence 2.0 Summary and Assessment826 Words   |  4 Pagesbook, Emotional Intelligence 2.0, provides an alternative approach to how a person achieves success. This book does not focus on the conventional determinant of success, such as formal educ ation and training, experience, and intelligence level (IQ). 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