Tuesday, February 25, 2020

Business Stabilization Essay Example | Topics and Well Written Essays - 1000 words

Business Stabilization - Essay Example This postulation highlights the disjoint and independence in supply and demand based on time and persons. This is a sharp contrast to the view of the classical monetarist who did not take into consideration the possibility of a time lag in-between earning and expenditure and the savings culture. This was the starting point for Keynesian Economics. As stated earlier, fiscal policy is of more importance than monetary policy in the view of Keynesian Economist. Keynesians believe that money is an asset which can be held for its own sake and not just as a temporal abode of purchasing power. Keynesians do no believe that changes in money supply have significant effects on economic activities. Keynesianism also does not reckon with the classical belief that money can be routed to affect economic activities. Although it will be an overstatement to say that Keynesianism does not recognize money as being important, it should however be put in proper perspective. Money does not have a direct im pact on the economy. Before money can be said to have an impact on the economy, Keynesians believe that a change in money supply should influence interest rate which should in turn translate into a change in investment levels and ultimately have an effect on national income, only then can money be said to matter. Rate of Ms1 Rate of Net Ms= Money Supply Interest Ms2 interest Md = Money demand r1 r1 r2 r2 M1 M2 Ms Md r3 b Investment Going by the graphical illustration above, It is readily observable that, lowering the interest rate will have no impact on an inelastic investment curve. Keynesians also believe that the primary link between money supply and the economy is interest rate with two other secondary link of the ability of the interest rate to affect investments and for changes in investments to affect national income these links according to Keynesianism are very weak. Politicians in the UK in the course of electioneering and campaign exhibit vast knowledge of Keynesianism with the way Economic policies are drawn up. The two main parties in the UK today are the Conservative and Labour parties, each having their traditional viewpoint on economic policies and how the Government is expected to intervene in the economy. However, in the post war period, there has been cross-party consensus as regards economic policy with very great inclination of both the left and the right towards Keynesianism. There has equally been much talk from both sides on how best to manipulate the financial operations of the Government with a view to furthering certain economic policy objectives. These objectives include price stability, external equilibrium, economic development and growth, income distribution etc. instruments of fiscal policy such as tax, Government expenditure and interest rates are ideas that have been propagated in the quest to achieve the afore-mentioned objectives. The belief is that by fine-tuning the fiscal policy, depression within an economy can be overcome. Both the labour and conservative party agreed that some key industries should be owned by the state in a process of nationalization. However

Sunday, February 9, 2020

Managment Case Study Example | Topics and Well Written Essays - 1750 words

Managment - Case Study Example All the meetings had a detailed agenda given to each member before the meeting (Nick at some point even jokes that he had not been given an agenda beforehand), the meeting would normally begin and end at the precise time (pg 20) they had been planned to end, and members of the executive at Decision Tech felt there was simply no enough time for engaging in meaningful debates as the time available was not enough (pg 47). Some of the behavioral norms established at Decision Tech by the executive team before Kathryn took over include: dependence, self-consciousness, superficiality, ignoring disagreements, not talking about misgivings, avoiding the consideration of what is considered a disturbing idea, feeling invulnerable, rationalizing threats away, discrediting of disconfirming information etc. Kathryn had noted that the meetings at decision Tech were characterized by silence, no member of the executive tem argued, and there was an undeniable tension during the meetings (pg 19). Silence in the meetings was not good. This is because it meant that members of the team preferred to keep silent and instead of engaging in meaningful arguments and developing conflicts that are highly valuable to the company’s management decisions. The executive team at Decision Tech experienced the four stages of team development. The core purpose of the forming stage is essentially to enable members of the team to become acquainted with one another and start seeing themselves as one integrated and cohesive unit. During the first off-site meeting Kathryn requested each member of the team to give personal histories. This meant that each would answer five nonintrusive personal questions that were related to their backgrounds (pg 52). After the brief personal history giving session by the members of the team, it was evident that the team was more at ease with each other than any time during the previous year. The goals of the Norming stage are to make