Understanding Monetary Policy in the Eurozone: ECB & Eurosystem
Monetary Policy in the Eurozone
Monetary policy is unique for all states members of the Economic and Monetary Union (EMU) and is defined and managed by the European System of Central Banks (ESCB), which includes the European Central Bank (ECB) and the central banks of EU Member States. The main objective of monetary policy is to ensure price stability in the EMU as a means of achieving credibility and stability of the single currency.
In developing the Monetary Act, the ESCB operates independently
Read MoreSustainable Competitive Advantage: VRIO, SWOT, and Business Models
Assessing Sources of Sustainable Competitive Advantage
- VRIO, SWOT
Is Apple Maintaining a Sustainable Competitive Advantage?
- Sources of Apple’s Competitive Advantage
- Why It Has Been Sustainable:
- Valuable
- Rare
- Inimitable
- Legal mechanisms (patents), path dependence/time compression diseconomies, casual ambiguity, social complexity/interdependencies between resources and capabilities.
- Organized to capture value
- Will It Remain Sustainable?
- Some resources and capabilities may degrade or depreciate over time.
- Natural
- Some resources and capabilities may degrade or depreciate over time.
EU Cohesion and Commercial Policies: Impact and Evolution
EU Cohesion Policy: History and Evolution
The Cohesion and Regional Policy (CRP) aims to correct interregional disparities between countries and across the EU. Differences in income per capita and unemployment have widened with the process of enlargement.
History of CRP
- 1957-1974: The Treaty of Rome had a limited regional dimension, with the European Social Fund (ESF) as the only instrument. The 1973 enlargement and economic crisis prompted a focus on reducing disparities and addressing problems in
Understanding Real Estate Valuation, Taxes, and Property Value
Rateable Value: The assessed value of a property used for property tax collection.
Valuation: The process of determining the monetary value of a property, subject to regulations.
Real Property: Immovable property such as land, buildings, and constructions.
Well Root: A broad category of goods, including various types of real estate (<http://es.mimi.hu/economia/categorias.html>).
Real Estate Taxes
- ISR (Income Tax): Paid on buildings and vacant lots; collected by notaries.
- VAT (Value Added Tax): Levied
Royal Resorts: Mission, Vision, Values & Philosophy
Royal Resorts: Mission, Vision, and Values
Mission
To create vacation ownership products and services for world travelers that provide outstanding resort vacation experiences with the highest client satisfaction in the industry.
Vision
To be the leading Mexican brand in the timeshare, fractional, and residential luxury markets, providing full resort services and amenities.
Corporate Directives
- Eye contact
- Smile
- Greet people
- Pick up any trash you find
Corporate Values
Integrity
- Always try to do the right thing.
Customer-Centric Strategies for Modern Organizations
Focus on the Customer
The Customer Comes First: Meeting customer needs is the foundation of any successful organization. The customer is 1st, 2nd, and 3rd in organizational priorities. Customers have become more demanding and have more choices. Some studies in the 1960s found that size was the most important predictor of management style (the larger the organization, the more likely it was to adopt bureaucratic structures). Contingency theories suggest that size is important, but the firm’s situation
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