Macro Economics Essay Example | Topics and Well Written Essays - 1000 words - 3

Macro Economics - Essay Example This depicts that a greater percentage of the citizens in that country are striving to be in better places and constantly improving the state of the country through the concept of invisible hand. In India the economic condition is not that stable. This is because only a smaller portion of the population strives to make ends meet while a greater percentage is always dragging the country backwards economically because they don’t work hard and deliver. This is very challenging since the economy is always torn in an imbalanced proportion. Studies from economists behind this theory argue that it developed an idea of a subsistence level to model the theory. The economists claimed that if real Gross Domestic Product rose above this subsistence level of income, it would cause the population to increase and bring real gross domestic product back down to the subsistence level. In India the population is extremely high and this means that the real gross domestic product is always above the subsistence level of income thus bringing the gross domestic product back down to the subsistence level. The opposite happens in the United States of America and that is why the gross domestic product there is far better than that for India. Strong economic growth rate cannot be positive to high population growth. This is because when the population increases, resources for economic growth will be limited. This will therefore hinder growth in the economy due to the imbalance. This defect or problem can be prevented by factors such as controlling population growth by implementing birth policies. The birth rate should be moderate to make the resources adequate for the country3. When the country has a poor or weak growth rate it is a big hindrance to the economic growth. This is because there will be inadequate labor force in various organizations in the country. Labor is a fundamental factor of production and should therefore be supplied adequately in an economy. To offset this

Case Study Example | Topics and Well Written Essays - 500 words - 11

Case Study Example Since India’s GDP was low, the vast majority of the population could only afford two wheeler vehicles. The strategies employed in ensuring that the Nano met all demands by the non-four-wheeler customers included ensuring that it was affordable for this portion of the population. It was priced at only 1 Lakh making it the cheapest car. In addition, it met high fuel efficiency standards and met all safety standards that the two wheelers could not meet. For these reasons, people placed orders before they had even seen the car. There were several hurdles that the Nano had to address in the market. First, the Nano had to ensure that it offered better services than the two-wheeler by becoming a safe, all-weather vehicle. In addition, it had to be affordable. Second, the car had to be designed in a way that it promised an upward social mobility. Third, the designers could not compromise the buyers so as to ensure low cost car. For instance, they could not design it being a two door vehicle since this would reduce accessibility to rear seats. In spite of the huge initial orders, there were obstacles which resulted in poor sales. First, Tata did not have its own distribution channels; therefore, it resorted to using the traditional dealerships, which had limited space. Although this was a main issue Tata resulted to using other outlets so as to make the showrooms available in many cities in India. For instance, the company tied up with Big Bazaar to display the vehicles in smaller cities. Additionally, two wheeler customers who were the main target were turned off by the perception of the Nano being the cheapest car as people wanted to upgrade their social status. Second, Tata also had a production problem since the interim facilities’ production was low. Third, the company had issues with local communities who protested the use of arable land for industrial uses. This is one of the main obstacles that affected the progress of the Nano

Operation Management Essay Example | Topics and Well Written Essays - 2000 words

Operation Management - Essay Example At the same time it is also very capital intensive as requires heavy machinery and costly equipment for both building of ships and carrying out repairs. It also requires a very large area or layout for its activities and needs to be next to a sea port or at least on the coast with very good rail and road facilities for transporting goods and materials. Its consumption of electrical power is also very great. It is for these reasons that this industry is not as widespread as some other industries like apparel manufacturing or food processing which may be bigger in size or turnover but far easier to manage and organize. For such an industry to survive and to prosper it must have certain traits and special skills. Such industries are also located in a few select areas of the world and have developed their knowledge base and their especially skilled workers over long periods of struggles and have become respected the world over for the excellence of their work. One such place in Europe is Rijeka, a city of 200,000 people, located on the north coast of Kvarna Bay between the Istrian Peninsula and the eastern Adriatic coast of Croatia. This small town boast of two shipyards and one of them is the famous Viktor Lenac Shipyard (formerly known as Lazarus). For forty years it was the pride of Yugoslavia, until Croatia seceded from it mother country and became independent in 1991. Because of political turbulence during the next ten years foreign buyer hesitated to give business to Croatian shipyards. But Viktor Lenac survived well as it concentrated on ship repairs and remained profitable all along. During the Yugoslavian days all shipyards were owned by the government but Croatia decided to opt for the open market economy and privatized the shipyards. Attracted by its profitability a group of Italian and American investors stepped in and took over the

Understanding and interpreting financial statements Essay - 1

Understanding and interpreting financial statements - Essay Example report on the financial performance of Siemens, a German high tech company by comparing it with that of Nokia, one of its competitors in the industry. The value and limitations of using ratio analysis would be evaluated and accounting issues that would surface would be discussed. Recommendation to potential investors on the basis of findings from the analysis would be made accordingly, To understand the profitability of the company would lead for further understanding the rest of company’s financial report. Every business organization should aim for profitability as a way to recovering is opportunity cost of doing its business. Profitability therefore implies having more a net advantage for every business transaction for the company. Thus generally as expenses are incurred which would represent the cost, there should be corresponding benefit in terms of revenues. Deducting expenses that include cost of goods and service, cost of operation, cost of taxes and other expenses from revenues would therefore mean profit or net income from the for the company. This net income figure could also be divided with the amount of resources that the stockholders put into the business organization, would produce the return on equity (ROE). Comparing the Siemens’ ROE with Nokia and the rest of its average competitors would provide betters results of and analysis. Its five-year average return on equity (ROE) of 14% for Siemens indicates better superiority about its past performance in relation to the industry average of 8%. See Table A below and see Appendix A for more details. Such a 14% return on equity definitely entices investors, as it would mean that for every 100 euros, the investors expect returns of about 14 euros. These rates could be viewed as something scarce for a company like Siemens given the present condition of the economy (Slavin, 1996) in Europe and other parts of the world which still shows very lower GDP growth as compared with the past. See also

Kant's Fundamental Principles of the Metaphysic of Morals Essay

Kant's Fundamental Principles of the Metaphysic of Morals - Essay Example attributes concerning this proposition, he specifically delineates immaturity as the initial stage at which an unenlightened man is to be found then only by finding courage with reason can an individual attain to the state of competence and abolish ignorance. Kant argues that â€Å"our will is good when it is determined by reason† and the courage serves as a fuel toward the execution of reason. On this ground, humans are summoned to acknowledge responsibility by way of paying courage worth on initiating to acquire the pertinent means to discern oneself and create appropriate ethical response to the world. The power of reason is crucial and Kant promotes it for the sake of enlightenment much as he adheres to the power of reason for the purpose of obeying the dictates of universal law. Reflecting after this regard, I believe that the philosopher in his time desires to bring across resolution to the chaotic nature of man under the governance of reasoning so that a man discovers the potential advantage of being rational. For one to realize the value attached with duty, Kant likely conveys the requirement to appreciate reason. Moreover, he seems to try to make sense of reason in the light of distinguishing an action that comes from the pure intention to perform duty from an action that emerges out of self-interest or inclination. Here, Kant calls for the need to understand how reason manages to sustain enlightenment in human and in turn, the enlightened condition naturally opts for a deed with moral quality. A man whose well-being has reached such an extent of intellect or thought can be expected to act based on the so-called ‘maxim’ with the basic principle that â€Å"the moral action is to do one’s duty†. This I suppose is equivalent to claiming that a morally conscious person is one who has been refined in the process of enlightenment out of which proceeds the imperative of goodwill. Practically speaking, our experience of the world reveals that it is

Environmental Issues in Business Aviation Assignment

Environmental Issues in Business Aviation - Assignment Example The significant environmental hazards in the Business aviation aircraft industry are the green house emissions and the noise (A Greener Future 2011). These gases emitted by business aviation aircrafts especially carbon dioxide and carbon monoxide (GAMA 2010) creates a layer in the atmosphere trapping heat on the earth’s surface. This heat in turn causes the Global warming (International Business 2011), alters the pattern of precipitation and the pattern of the heat waves. Noise causes annoyance to people; fortunately, current business aviation aircrafts produce less noise as compared to earlier business aviation aircrafts. There is a need to develop lasting solution to the management of emissions. This involves all the stakeholders to play active roles. The approach is best achieved through technology, finances or infrastructure, improvements in operations, alternative fuels and market focused measures. Technology Technology in business aviation is demanding efficiency. Business aviation aircrafts must be as light as possible and consume less fuel as possible. The business aviation has collaborated with other stakeholders in environmental issues work group, business aviation environmental projects, technology enhancements by engine manufactures, aerodynamic enhancements by business aviation aircrafts manufactures, airspace management and technology, voluntary offset programmes, flight department participation and operational measures (GAMA 2010). Establishing common and practical goals in the engine and airframe technology enhancements are particularly vital in the management of environmental issues (GAMA 2010). The engines of today are designed to economise on fuel, produce less noise and emit fewer gases. ... Business aviation aircrafts must be as light as possible and consume less fuel as possible. The business aviation has collaborated with other stakeholders in environmental issues work group, business aviation environmental projects, technology enhancements by engine manufactures, aerodynamic enhancements by business aviation aircrafts manufactures, airspace management and technology, voluntary offset programmes, flight department participation and operational measures (GAMA 2010). Establishing common and practical goals in the engine and airframe technology enhancements are particularly vital in the management of environmental issues (GAMA 2010). The engines of today are designed to economise on fuel, produce less noise and emit fewer gases. The business aviation airframes are also built in the sense of reducing noise and carry more weight. This technology commitment is expected to continue; and in the future years, it is expected that business aviation aircrafts will be much lighter and consume less fuel. The emissions have drastically been reduced in the business aviation sector. The current business aviation aircraft engines (GAMA 2010) emit less hazardous gas and produces less noise. A business aircraft produces 3.5 tonnes of carbon dioxide per flight (International Business 2011). The carbon dioxide emissions in one year by all the business aviation aircraft combined produce emissions similar to one medium sized power plant (International Business 2011). Reduction of carbon emissions (ICAO 2011) in business aviation aircrafts is done on various ways, checking on operator practices, air traffic control, engine design, airframe design and use of alternative fuels. Carbon is the principal component. The engines use oxygen to burn the fossil fuel,

Individual project 5 Essay Example | Topics and Well Written Essays - 250 words

Individual project 5 - Essay Example ‘Women Matter’, a study by McKinsey & Company clearly points to the fact that an organization with 2 or more woman executives at the top level was ranked highest in operation excellence and financial performance. (Desvaux, Devillard-Hoellinger, & Baumgarten, 2007) The relevance of ethnic diversity at workplace is as important as the gender diversity. But it is still very less embraced by the corporates. Its relevance is always debated upon in the corporate world. Some of the benefits of ethnic diversity in workplace are innovation, better business expansion, productivity, motivation, profitability etc. (Bell, 2012) The diversity factor of sexual orientation is important too on a different perspective. There is no specific study that has proved that the presence of LGBT crowd in an organization will increase the organization’s productivity, nor is there a study that it will reduce the productivity. Therefore, based on moral grounds, LGBT community will be allowed t o be part of organization. Discrimination against LGBT group might result in a qualified or innovative individual from being hindered to progress. Moreover, a diversity based on sexual orientation will help an organization to develop better reputation. (Feigenbaum, 2012) A concluding statement will be drawn based on a comprehensive literature review on these three factors. Desvaux, G., Devillard-Hoellinger, S., & Baumgarten, P. (2007). Women Matter. Retrieved November 4, 2012. From: http://www.mckinsey.com/locations/paris/home/womenmatter/pdfs/Women_matter_oct2007_english.pdf Bell, M. (2012). Ethnic diversity in workplace: the business benefits. Retrieved November 4, 2012. From: http://www.hrmonline.co.nz/article/ethnic-diversity-in-the-workplace-the-business-benefits-141661.aspx Feigenbaum, E. (2012.) What Are Some Diversity Issues Found in the Workplace & in America. Retrieved November 4, 2012. From: