The effects of the global financial crisis - Myassignmenthelp.Com

Question: Discuss about The effects of the global financial crisis. Answer: Introduction: The assessment mainly helps in identifying the causes of financial crises, which liquidated the financial sector and negatively hampered growth. The possibility of second financial crises is also evaluated, which might hamper financial sector of the world. Furthermore, the impact of financial crisis on the relevant counties is also evaluated with specific focus on Nepal. Moreover, this helps in depicting the problems, which was faced by the organisations in different counties regarding valuation in the financial market. Lastly, the overall proposed reforms that was used in controlling the financial crises is adequately depicted in the assessment. Discussing the possible causes of the financial crises: The financial crisis was one of the major drawback in the current financial sector of the world, which increased insolvency condition of many companies. The financial crisis of 2008 was subject to different causes, which are depicted as follows. Deregulation: The major deregulation of Glass Steagall Act of 1933 mainly allowed the bank in US to use deposits to invest in derivatives. This major change in the regulation was mainly conducted to support banks in increasing their competiveness among foreign firms. The second major regulation was Commodity Futures Modernization Act, which mainly exempted credit default swaps and other derivatives from regulations. Both the deregulations mainly allowed banks to acquire additional risks and use the capital market as gambling for increasing their results from investment (Admati and Hellwig 2014). Furthermore, these measure mainly allowed banks to increase their risk talking ability, while raising their chance to become insolvent. Securitization: The securitization of funds, mortgage backed securities, collateralized debt obligation and other derivatives are mainly used by banks to hedge their funds. The financial product such as Mortgage backed securities are mainly used as a collateral, which allowed banks to generate the required capital to continue their operations. This Mortgage backed securities were mainly traded by banks in the secondary market, which helped in improving their cash flow. The Mortgage backed securities mainly have bundles of mortgage with lot of securities, which are backed by credit rating. The use of credit default swaps allowed investors to reduce risk, which was supported by AIG insurance company (Allayannis et al. 2017). These MBS and CDS mainly increased the overall problem for investors, as default in mortgage increased. The default rate of borrowers mainly increased, which reduced the returns from securities. These overall decline in repayment increased risk and hampered profit generation capac ity of investors. Growth of subprime mortgages: The third main reason behind the augmentation of the financial crises was the growth in subprime mortgages. These relevant increment was mainly conducted after the enforcement of Financial Institutions Reform Recovery and Enforcement Act, which allowed fulfilment of Community Reinvestment Act. This mainly allowed the banks to eliminate redlines in poor neighbourhoods, which in turn increased growth prospect of banks. The announcement of George Bush in fulfilling the American dream of a house was mainly fulfilled by Fannie Mae and Freddie Mac, who directly supported banks with the required capital and sold the mortgages in secondary market (Amies, Munford and Sutton 2017). Fannie Mae and Freddie Mac reassured banks that they would securitise the subprime loans, which led to the pull factor complementing the push factor of CRA. This mainly reduced restrictions of the banks in accumulating the overall loans from different borrowers. However, the growth in subprime loans negatively affec ted growth prospects and laid foundation of financial the crisis. Fed raised rates on subprime mortgages: Lastly, the increment in FED rates on subprime mortgages mainly forced borrowers to default due to rising interest rate. The FED from 2000 mainly declined interest rate, which reduced the overall payments conducted by borrowers. This overall reduced payment mainly increased the number of borrowers, who could take loans from banks. These low interest payments motivated borrowers to accumulate more loans and increase their assets. FED mainly increased the overall interest rates in 2004, which resulted in high repayments of interest that was conducted by borrowers. This high repayment amount mainly raised the overall problems of the borrowers and led to defaults. The increment in number defaults mainly increased the risk in Subprime mortgages, which was conducted by banks (Amiraslani et al. 2017). Therefore, in 2007 due to the augmentation of financial crises, FED reduced interest rate from 5.25% to 4% for preventing mortgage holders in selling their homes. Depicting whether GFC could be repeated again: After evaluating financial position of counties in the world, relevant augmentation of Great financial crisis is seen to be a possibility. The measures used by countries during financial crisis was not adequate, which in turn reduced capability of financial sector to continue with its operations. Armantier et al. (2015) mentioned that like US major countries in the world injected taxpayers money into their financial sector to smoothly continue their operations. Moreover, during 2013 small recession was seen, due to the default of Greece. The Brexit from Euro zone increased relevant problems for the financial sector of European countries. One of the major problems, which is affecting financial capability of countries are declining monetary policy and increasing debt accumulation. The following event mainly indicate repetition of GFC, which could hamper financial sector of countries. Decline in Chinese economy: The decline in Chinese economy can be seen in recent years, where the Chinese government has been interfering with stock market and inflating index value. The investors in China due to pressure from the Chinese government were not able to comprehend changes in the capital market. Furthermore, it is estimated that second financial crises would start from China, where the bubble would burst and decrease share value of the organisation. Boustras and Guldenmund (2017) mentioned that decline in total export value mainly reduced capability of Chinese government in compensating market growth. Decline in Oil prices: The decline in oil process all around the world is also reducing capability of the oil producing countries and oil refining companies in generating the required level of revenue from operations. In addition, this decline in oil prices is mainly hampering major revenue generation capacity of US companies and indicating the reducing in demand from consumers. This relevant decline in oil consumption directly reduces the revenue generation capacity of the companies and might decline jobs in the country Decline in countries ability to pay its debt: The relevant decline in countries ability to pay their debt was mainly identified from the defaulting of Greece. This mainly indicated the financial problems, which is faced by countries in paying their debt due to declining revenue. Carvalho, Ferreira and Matos (2015) stated that high debt accumulated by countries is mainly increase interest payment and hampering their ability to conduct smooth operations. The situation seen in Greece where non-payment of debt and defaulting led to the decline in financial sector and hampered profitability of the investors. Explaining the scale of impact of GFC on other countries and in Nepal: The negative impact of GFC was seen in maximum of the countries all around the world. Moreover, after September 2008 the full-fledge financial crises was mainly faced by both developed and developing countries. This negative impact of financial crises mainly resulted in the decline of financial sector of European countries. The following impact of GFC on developed and developing countries are evaluated as follows. Negative impact of financial crises on developed countries: The relevant financial crises have directly hit the finance sector of developed countries, which in turn declined value of capital market. The financial crises were mainly conducted due to the default rate of borrowers for mortgage loans. Majority of the developed countries were investing in US mortgage backed securities (Cohen et al. 2014). Hence, the defaulting of mortgages mainly declined the value of mortgage based securities to zero and wiped out their total capital. Negative impact of financial crises on developing countries: The overall negative impact of financial crises mainly affects emerging market of China and Brazil despite the robust growth seen in the economy. This was mainly conducted due to the reduced financing provided by foreign investors. Furthermore, this reduced financiering condition by foreign investors mainly declined liquidity condition of developing countries capital market. The financial crisis also reduced cash flow and increased losses of foreign investor, which increased selling pressure in developing counties having higher foreign direct investment. Hence, the financial crises reduced investments of FDI in developing counties such as India, which crashed their index. Impact of financial crises on Nepal: Nepal has a fragile economy, which directly depends on external forces rather than internal forces for smoothly running the economy. However, the financial crisis of 2008 has a drastic impact on the economy condition of Nepal, as the country mainly relies in export, which is conducted to US and other developed countries. Furthermore, the exports are mainly conducted on credit basis, which drastically hinders the payment capability of US and other developed countries (DeYoung et al. 2015). Hence, the payment incapability of creditors resulted in massive layoffs and unemployment with closure of major companies. This mainly led to massive decline in employment condition, while reducing economic stability of Nepal. Therefore, the reduction in remittance will mainly shake the financial condition of the economy and raise unemployment. This financial crisis mainly discouraged consumer market and investors, which in turn declined financial position of Nepal. Identifying the actual or proposed reforms which have been eventuated: After the financial crises adequate reforms were proposed and implemented by governments to reduce its negative impact on the economy. The reforms mainly helped in reducing any kind of financial problems, which was persisting in the financial sector. The following reforms was implemented by countries for nullifying the impact of financial crisis on the economy. Housing and economic recovery Act 2008: The housing and economic recovery Act 2008 was mainly conducted by the US government for reducing negative impact on financial crises (Floyd, Li and Skinner 2015). The insurance on mortgage was conducted, which helped in insuring $300 billion worth of mortgage. Furthermore, FHFB, GSEs, and OFHEO was mainly implemented by US government for reducing negative impact of financial crisis on US economy. Lending practices: The US government in response to the financial crises mainly considers bills to regulate the lending process of banks and financial institutions. This regulation mainly helps in declining the specific lending practice, which augmented the financial crisis. Federal reserve powers: The relevant proposal was mainly implemented in 2008, where regulatory powers was used by US Federal Reserve for intervening in the market crisis. Hence, the federal reserve mainly allows the financial institution to increase liquidation by reducing the interest rate. Short selling restrictions: The short selling restriction is mainly implemented by US government during financial crises, which directly helped in declining the negative pressure on the capital market (Haas and Lelyveld 2014). However, the practice is mainly a reform, which could be used by the government during the time of next financial crises to prevent short selling pressure in the capital market. Capital reserve requirement: The capital reserve requirement was the main factor, which led to the augmentation of financial crisis. Therefore, increment in capital reserve requirement could directly help in declining the MBS and CDS, which in turn could increase depository of banks (Wang 2014). Conclusion: The above assessment mainly helps in depicting the overall negative impact of financial crises on economic condition of US. In addition, the possible causes of financial crises were MBS and CDS, which declined financial performance of companies in US. Furthermore, the possibility of GFC is also identified, which could occur in near future due to the intervention of Chineses government in their stock market. Moreover, the scale of GFC is mainly identified to reach both developed and developing countries all around the world. Lastly, the reforms obtained by government for reducing the negative impact of financial crises and uplifting the financial sector is adequately conducted. Reference and Bibliography: Admati, A. and Hellwig, M., 2014.The bankers' new clothes: What's wrong with banking and what to do about it. Princeton University Press. Allayannis, G., Allayannis, G., Allayannis, G. and Allayannis, G., 2017. The Financial Crisis of 20072009: The Road to Systemic Risk.Darden Business Publishing Cases, pp.1-16. Amies, B., Munford, L. and Sutton, M., 2017. OP63 The effects of the 20079 financial crisis on mental health in the uk: a longitudinal analysis of non-suicide mental health trends. Amiraslani, H., Lins, K.V., Servaes, H. and Tamayo, A., 2017. A Matter of Trust? The Bond Market Benefits of Corporate Social Capital during the Financial Crisis. Armantier, O., Ghysels, E., Sarkar, A. and Shrader, J., 2015. Discount window stigma during the 20072008 financial crisis.Journal of Financial Economics,118(2), pp.317-335. Boustras, G. and Guldenmund, F.W., 2017. The effects of the global financial crisis on Occupational Safety and Health (OSH): Effects on the workforce and organizational safety systems. Carvalho, D., Ferreira, M.A. and Matos, P., 2015. Lending relationships and the effect of bank distress: evidence from the 20072009 financial crisis.Journal of Financial and Quantitative Analysis,50(6), pp.1165-1197. Cohen, L.J., Cornett, M.M., Marcus, A.J. and Tehranian, H., 2014. Bank earnings management and tail risk during the financial crisis.Journal of Money, Credit and Banking,46(1), pp.171-197. DeYoung, R., Gron, A., Torna, G. and Winton, A., 2015. Risk overhang and loan portfolio decisions: small business loan supply before and during the financial crisis.The Journal of Finance,70(6), pp.2451-2488. DeYoung, R., Gron, A., Torna, G. and Winton, A., 2015. Risk overhang and loan portfolio decisions: small business loan supply before and during the financial crisis.The Journal of Finance,70(6), pp.2451-2488. Floyd, E., Li, N. and Skinner, D.J., 2015. Payout policy through the financial crisis: The growth of repurchases and the resilience of dividends.Journal of Financial Economics,118(2), pp.299-316. Haas, R. and Lelyveld, I., 2014. Multinational banks and the global financial crisis: Weathering the perfect storm?.Journal of Money, Credit and Banking,46(s1), pp.333-364. Kuppuswamy, V. and Villalonga, B., 2015. Does diversification create value in the presence of external financing constraints? Evidence from the 20072009 financial crisis.Management Science,62(4), pp.905-923. Lins, K.V., Servaes, H. and Tamayo, A., 2017. Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis.The Journal of Finance. Reddy, K.S., Nangia, V.K. and Agrawal, R., 2014. The 20072008 global financial crisis, and cross-border mergers and acquisitions: A 26-nation exploratory study.Global Journal of Emerging Market Economies,6(3), pp.257-281. Wang, L., 2014. Who moves East Asian stock markets? The role of the 20072009 global financial crisis.Journal of International Financial Markets, Institutions and Money,28, pp.182-203.

Textbroker CEO Phillip Thune 7 Tips to Conquer Content Marketing

Textbroker CEO Phillip Thune: 7 Tips to Conquer Content Marketing To master content marketing, companies must address their target group with relevant content rather than generic sales messages. Serving as CEO of Textbroker, the leading provider of on-demand, unique written content, since 2010, Phillip Thune is a Web content expert and has summarized how to achieve success. 1. Determine Content GoalsBefore you start publishing content online, first determine your goals! Are you trying to increase your website traffic, generate leads or increase user engagement? Only once goals are clearly established is it possible to measure the content’s success rate and be able to adapt accordingly.2. Formulate and Document Content StrategyA well-thought-out strategy will outline the planning, production and distribution of content. Ask yourself what information your target audience wants and at what frequency as well as where your target group can be found. Moreover, determine who creates what content and how much time is needed for that. Use a content c alendar to create a clear long-term plan.3. Produce High-Quality ContentWhat kind of content optimally conveys your message? Whether it’s an infographic, a video or text, quality content should be specific to a target audience as well as unique, informative and entertaining. Error-free content, optimally structured, with appealing style and tone is a must.4. Don’t Forget Search Engine OptimizationAlthough effective content has to first and foremost appeal to readers, it should also be search engine optimized. Place important keywords in prominent locations, such as the title, subheadings or at the beginning of the copy. Use synonyms, variations and topic-relevant terms as keywords, and create an interesting and well-written description tag.5. Seed Content   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Itâ€℠¢s not enough to create unique content: To produce results, your target audience has to see it! Spread the material across channels, including on social media, via newsletter or on forums. In addition, networking with influencers in the industry helps to seed content.6. Measure Content Efforts                                                                                                   Regularly evaluating the success of content is pivotal. The way in which results are quantified will depend on previously determined goals. A lot, such as new visitors to a site or conversion rates, can be measured via Google Analytics, and content marketing efforts should adapt depending on the results.7. Use ToolsFrom content creation to seeding, there are many tools that can help your business. Examples include BuzzSumo, Hootsuite and Piktochart. By utilizing innovative tools, you can gain advantages over your competitors and sav e time.

Exploratory Essay Sample For Millennials

Exploratory Essay Sample For MillennialsThe exploratory essay sample for millennials provides you with the structure that is used in other levels of academic writing. The essay is broken up into smaller sections for your benefit. This includes the introduction, the main body, the conclusion and the references. This is very helpful because you can compare the different sections and identify what part you feel will give you the best base for your composition.There are actually some sections that are not included in this essay sample for millennials. The introduction covers the opening paragraph. This should contain information that will give readers a synopsis of the essay.In the introductory section of the essay you will find the beginning and the end of the main body. These two parts are considered the chapters. This section must start on a good note. It should summarize the first paragraph and give a description of the main theme of the essay. The writer may be required to provide a summary of the paragraphs after the introduction and before the conclusion, but they can include them in the conclusion.The conclusion consists of the middle paragraph, which also gives a brief description of the main theme. In this section you may also use the same strategies that you used to support the opening paragraph in the introduction. This includes the narrative and the sentences.You can use the second paragraph as an article as well. This does not mean that you have to be a writer. However, if you think that the people who are reading your work do not know enough about it, you should use this paragraph as a basis. Use the sentences to support the information you have given in the first paragraph.In the reference section you have several choices. In most cases, students are expected to cite the sources for their work. Acknowledging the sources is part of doing research and is an important part of writing.In a few instances, the references will not be linked to the body of the essay. This happens when the author simply cannot find the exact source of the information that they are using in the essay. In this case they can just use an explanation of how they found the information, as long as they have not misrepresented the source.This article is for you if you want to know how to write an essay that will stand out from the rest. This includes all of the information and tips that you need to get started. You will also learn how to make the entire essay coherent so that it is easy to read.

Google and Twitter On Their Way to Global Dominance

Google and Twitter On Their Way to Global Dominance With the recent and quite radical changes in the IT sphere, major companies specializing in providing the related services were forced to reconsider a range of their strategies and shift to new and improved techniques of expansion into the world market. Among such publicly traded organizations, Google, Inc and Twitter, Inc must be mentioned.Advertising We will write a custom essay sample on Google and Twitter: On Their Way to Global Dominance specifically for you for only $16.05 $11/page Learn More Both companies seem to have embraced the changes, managed to admit their mistakes and considered the creation of mergers and acquisitions as a viable strategy to adopt. As a result, both companies are currently growing by acquiring less competitive firms and expanding into the world market. Indeed, a single look at Google’s policy will reveal its expansion plans: the organization has acquired BlackBerry, Boston Dynamics, Nest Labs, Inc. and Dropcam, and cre ated a range of mergers, including the one with Motorola Mobility. It is clear that Google is planning to grow further and exploring new opportunities by creating new mergers. Such an intense struggle for the dominance in the global market can be explained by the fact that Google has recently had to refuse from a range of ideas, which seemed quite promising a few years ago. As the recent announcement on Google explained, the company had to abandon a number of the projects that it used to view as promising several years ago; for example, Picasa, Google Docs and Orkut were shut down, since similar and more successful services were created by other companies (Siganos, 2013). As the representatives of the Google, Inc. explained, the services that were closed down had been created before new opportunities for communication and data exchange emerged; therefore, being ahead of its time, Google finally had to yield to more advanced companies. Consequently, to regain its status, the company had to conjure a different strategy. As a result, the idea of merging with the companies that have designed more advanced services appeared to be the solution.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Twitter, Inc., however, had other reasons for choosing the policy of mergers and acquisitions. It is remarkable that, unlike Google, which was initially targeted at providing a variety of services, twitter was designed solely as a social network from the very creation of its concept (Sprangler, 2013). Hence, the reasons for the leader of Twitter to adopt the strategy of mergers and acquisitions, shifting to the idea of corporate governance, have a different line of reasoning to be based on. Unlike Google, which does not seem to have very strong rivals except the apple, Inc., Twitter has to deal with a lot of competition, primarily, the rivalry with Facebook. Though each of the companies bases its philosophy on a unique concept and includes original options for its users to enjoy, both fall under the category of social networks and perform the same function, i.e., facilitate the process of users’ communication by transferring information from one user to another. Therefore, twitter clearly needed to revamp its reputation by growing larger and more influential, which resulted in a range of acquisitions and mergers with various companies, primarily, the ones dealing with analysis and advertisement. Though each of the organizations has its own reasons for choosing the strategy of mergers and acquisitions, both Twitter and Google seem to be going in the same direction. The results of these steps, however, are bound to be quite different as well. Reference List Siganos, A. (2013). Google attention and target price run ups. International Review of Financial Analysis, 29(3), 219–226. Sprangler, T. (2013). Twitter nets social-TV startup blue fin. Mu ltichannel News, 34(6), 22.Advertising We will write a custom essay sample on Google and Twitter: On Their Way to Global Dominance specifically for you for only $16.05 $11/page Learn More

Bob Knowlton Self Concept

Analysis As part of the analysis we examine Bob’s Self-Concept and the following characteristics with regards to complexity, consistency and clarity. Bob’s locus of control is also considered and the impact this had on his relationships at work with his colleagues. Fester’s individualism is also considered. Bob’s Self Concept Bob’s Low Self-Concept Complexity Bob has a low complexity as he perceives his most important identity to be work related – he defined his self-concept by his work. The positive side of Bob’s low complexity enabled him to become a relatively successful, skilled engineering, as he invested more in his skill development and focused his attention on his work. However, the low complexity caused Bob great stress when his main self-concept, defined by his work), was threatened by the arrival of Fester, a much more brilliant, driven engineer. Bob perceived Fester’s arrival as a threat by challenging all aspects of Bob’s self-concept, not only his technical expertise, but also Bob’s leadership of the team when Fester became the informal leader by default as Bob conceded defeat and essentially abandoned his role as group leader. Bob’s Low Self-Concept Consistency Bob’s has a low self-concept consistency. Bob’s leadership style was focused on teamwork and collaboration and he prided himself on motivating his team by including them in group problem solving and decision making. However, this self-concept was inconsistent with how Bob really perceived himself and the disconnect present between his position as team leader and his ability to lead. Bob acknowledged to himself that the team’s collaborative style brought him a sense of security in that he did not actually have to lead the team. Bob focuses on the team to the exclusion of his leadership role essentially using his team to mask his insecurities with respect to his ability to lead. Another example of Bob’s low inconsistent self-concept is his accepting Dr. Jerold’s praising of Fester, when he clearly did not agree. Bob’s Low Self-Concept Clarity Bob has low self-concept clarity; he does not have a clear, confidently defined, stable self-concept. This is apparent early in the case as evidenced by his belief that his â€Å"stumbling upon† a significant breakthrough led to what he considered his â€Å"miraculous† promotion to team leader of the Photon Unit rather than it being based on his skills and abilities. Bob lacks the confidence to deal with Fester, who he perceives as more brilliant and driven. As the case progresses and Fester brings group conflict and openly challenges Bob’s leadership, we see Bob become inconsistent with his behavior. Fester challenges Bob’s collaborative approach with the team and Bob’s lack of confidence meant that he in essence surrendering his leadership by agreeing to re-examine how the team works together and make it about individual updates. Bob’s Locus of Control and Self-Evaluation Given Bob’s behaviors and reaction to Fester, Bob has a low locus of control and is externally motivated. Bob didn’t feel in control of his environment and was unwilling or unable to take steps to control the environment. We have seen that Bob already believes he received the promotion because of external â€Å"miraculous† forces. Although initially, he does feel he has control as team leader, his underlying external focus of control becomes more apparent when Fester is introduced to the group. Fester’s group interactions and individuality presents a new situation for Bob. Bob internalizes the conflict with Fester and openly wonders if he is there to replace him, causing Bob a great deal of stress as he feels he does not have control over the situation. The situation quickly deteriorates as Bob visibility and relevance to the team are diminished and Fester’s increases. Bob’s Self-Concept Conclusion Bob’s low or negative Self-Concept (low complexity, consistency and clarity) greatly influenced Bob’s behaviour and ultimately his decision to resign. Bob’s low self-concept created a great deal of stress and he experienced immense amount of internal-intra personal conflict and tension. Bob’s low Self-Concept meant that Bob could not adapt to what he perceived as threats outside his control. His perceived inadequacies meant that he was not able to face the issues and overwhelming internal conflict he was experiencing. He consistently avoided confronting any of the issues and thus the only action he could take to release himself of this conflict was to resign. Fester’s Individuality and Group Norms Fester is introduced to the group unexpectedly and although initially helps the team solve a problem previously thought to be unsolvable; he goes against established group norms and almost immediately creates conflict. Fester is clearly â€Å"more brilliant† than any of the team members and his individual approach is in direct contrast to the team –based, collaborative approach establish by Bob. He challenges the group norms directly, suggesting the team meetings are a waste of time and is openly dismissive of others. Fester is very confident in his abilities but lacked the social skills to integrate successfully into the group. Although Fester individuality isolated him from the rest of the group, he dominated the leadership of the group to the point of essentially forcing Bob to change the structure of team meetings, from teamwork based to individual updates. This reinforced Fester’s individual approach. Fester’s individuality influenced the group, and particularly his negative influence on Bob grew and went unchallenged, and the conflict it brought ultimately had a negative impact on the Photon team and Simmons. Recommendations 1. Jerrold should meet with Bob and find out the true reasons for Bob’s resignation. Jerrold should ask Bob to return to Simmons by telling him of the plan to increase Bob’s team and offer Bob a substantial raise to return to Simmons. 2. Jerrold should consider undergoing leadership and communication skills training to help him develop the prerequisite skills to manage his teams effectively. 3. Jerrold should become more involved with the teams under his leadership, through developing a clear and compelling direction for the team and ensure his articulates that directly to this team. 4. Jerrold should strive to increase communication and participate in regular team meetings and incorporate individual meetings to ensure his is aware of and understands any issues or concerns. 5. In the future, the team leader (Bob’s replacement) is included in the recruitment and selection of new team members. 6. Dr. Jerold should meet with the Photon team members individually to gain an understanding of how the situation affected the team and get their feedback on what their needs. Team building and intergroup communication skills should then be introduced to ensure team members have the tools to work effectively together.

Entrepreneurship, innovation, economic development, and sustainability Essay

Entrepreneurship, innovation, economic development, and sustainability - Essay Example Burj-Al-Arab, and Burj Khalifa that even supersedes the hotel. By the end of 2008, the world in general and the UAE in particular were hit by the global financial crisis. As a result of the economic downturn, entrepreneurs rapidly started drawing their money out of the UAE, particularly Dubai. This further aggravated the condition and increased the economic challenges for the UAE. The sale of innovative products in the present age amounts to 33 per cent of the total sales of a company (Cooper, 2001, p. 4). While so many people talk about innovation, there are not many who understand what it means truly. For many people, anything that is new in some way is innovative. â€Å"[C]reativity is commonly defined through the recognition of produced and valued novelty† (Martin, 2009). Innovation is in many cases, a reinvention of old things by combining their features in a unique way. Basically, innovation happens from ideas that are unique. The idea of one individual might never have been experienced by another and thus when it is incorporated into a new product, it becomes innovative (Boden, 2004, p. 13). Many studies aimed at identifying common personality traits in creative people have successfully identified some (Amabile, 1996, p. 5). Irrespective of what qualifies as innovation, a factor whose importance cannot be overemphasized for the economic development as well as sustainability is the usefulness of the product for the society at large. â€Å"Attempts must be made to address the potential unintended and unforeseen consequences of the technology, as well as its potential benefits, if it is to be successfully applied† (Hall and Martin, 2005). â€Å"†¦creation is a continuous process... This essay present a thorough theoretical analysis of the impacts that economic categorical concepts of entrepreneurship, innovation, development and sustainability have on each other. These concepts are all strongly interrelated The sale of innovative products in the present age amounts to 33 per cent of the total sales of a company. Creativity is commonly defined through the recognition of produced and valued novelty Innovation is in many cases, a reinvention of old things by combining their features in a unique way. Basically, innovation happens from ideas that are unique. The idea of one individual might never have been experienced by another and thus when it is incorporated into a new product, it becomes innovative. Many business entrepreneurs think of sustainability and the need to adopt environment friendly business practices as a burden whereas in reality environmental-friendliness not only cuts down the costs of business but also increases its profitability, which is what makes sustainability integrally related to both entrepreneurship and innovation. Sustainability is quite as strongly linked with economic development and the logic behind it is quite understandable and simple; the lesser the costs and the higher the profits in business, the greater the contribution of the entrepreneurs in the gross domestic product of the country, and the more the economic development consequentially. Sustainability saves the country’s resources that can be utilized in better ways to yield more money.

S6W8Paper2 Research Paper Example | Topics and Well Written Essays - 2000 words

S6W8Paper2 - Research Paper Example The latter part of the 20th century and commencement of the 21st century has radically altered the nature of international order. It is now evident that this change cannot be contained in a dynamic world characterized by globalization, and rapid growth in information and technology. United States of America must therefore brace itself to a multilateral world where, while boosting of the military, economic and cultural prowess, it may face challenges from adversaries and even allies2. This paper gives a detailed account of the current international order and trends in the global affairs that have either a direct or indirect impact on United States. It further shows the manner in which US can chart its way to a peaceful and stable future by being at the forefront of world economy, protecting crucial global strategic interests, and maximizing on the use of military power and strength. In addition, the paper provides an analysis of the emerging threats from terrorist and the proliferatio n of nuclear weapons. ... Most of these actors are responsible for direct acts of terrorism and supporting terrorist groups either financially or through offering them a safe haven. Cases in point are North Korea and Iran. The two nations have totally objected collaborating with international treaties on aspects such as reduction of nuclear weapon capabilities. The eventuality has been constant threats on resources that are meant for the common good such as oil and sea lanes. The policy of United States then is to insist on measures that would compel such non-players to comply with the treaties agreed upon by the international institutions. Among the many strategies employed include application of stringent sanctions on such nations aimed at crippling their economic and coordination power3. Nonetheless, the sanction would be only be enforced on states that blatantly object the efforts of international institutions of preserving global peace and order. For instance, North Korea is clearly moving against the gl obal peace initiative. It has consistently tested its medium range missiles despite warnings from the international community. Furthermore, it has gone on the offensive, through its dictatorial leader, to warn U.S., South Korea and Japan of a possible war if they do not stay away from spying on them. The threats from North Korea warrant for all possible forms of sanctions. On the other hand, United States would capitalize on the strong reform organizations as well as citizens to drive change in nations such as Iran. Through supporting these movements, U.S. can effectively drive both social and political change in such countries. The same case can be applied in China. Essentially, the idea of nations investing on weapons of mass destruction would be discouraged at all costs4. The strategy