Economic Crises and Globalization: Impact and Risks
The Great Recession and Its Aftermath
Crisis. Since the oil crisis in 1973, the world has experienced numerous crises. The most recent, which began in 2008 and is only now subsiding, is known as “The Great Recession.” This crisis was particularly severe.
The Recession originated in the United States following the collapse of Lehman Brothers. It was triggered by failures in economic regulation, crimes committed by banks, and overvalued financial products. The subsequent decline in subprime mortgages
Read MoreStrategic PM&D Management: Internal & External Factors
Requirements in PM&D Management
Internal Influence Factors
Top Management’s Support:
- Importance of HR within the organization.
- Proactive vs. Reactive.
- HR department vs. Personnel department.
Strategy: Implies the characteristics that the employees should have (skills, knowledge) in the organization. Could be found internally or should be acquired in the market.
Culture: Organization’s system of values. Highly influenced by Top Management. Business ethics, motivation, management style, freedom/responsibility,
Read MorePublic Sector Growth: Theories & Influences
Weaknesses in Measuring Lobbyist Influence
It is difficult to measure the influence of lobbyists on public sector action.
Summary of Theories on Public Sector Expansion
Theories on the expansion of the public sector (from an application perspective) include:
- Greater complexity of societies.
- The power of union resources or interest groups.
- Marxist ideology.
Explanatory Theories from a Social Welfare Perspective
These theories refer to structural characteristics, the behavior of politicians and bureaucrats,
Read MoreGlobal Marketing Communication Decisions
Global Marketing Communication Decisions
31) As companies recognize and embrace new concepts, advertising spending increases.
32) Advertising, public relations, and other forms of communication are critical tools in the marketing program and fall under the Promotion element of the marketing mix.
33) A global company possesses a critical marketing advantage with respect to marketing communications.
34) An example of a product category/company where the “global” approach to the marketing mix is inappropriate
Navigating Uncontrollable Market Variables for Business Success
A company can be seen as a unit that expands as it develops relationships with its environment. This environment is characterized by instability. Changes are common, suggesting that marketing plans should be flexible enough to adapt to new situations.
The market environment consists of agents and forces beyond the company’s control, affecting its ability to develop and maintain successful transactions with target consumers. To succeed, a company must adapt its marketing mix to the evolving tendencies
Read MoreHuman Relations in the Workplace: Insights & Analysis
Interviews with Workers
Objective
To learn more about employees, listen to their opinions and suggestions.
Methodology
Interviews were conducted with a questionnaire administered to workers in various sectors of the assembly line. Subsequently, they were allowed to speak freely.
Results
- A latent organization was formed by informal and natural groups.
- Production levels were controlled by informal groups, penalizing those who exceeded them.
- Workers were dissatisfied with the system of material incentives.