Human Resources Management: Key Functions and Best Practices
1.4 Communications in the Personal Area
The company sets up communication systems to capture information, both internally and externally, and channels it to achieve objectives.
The HR department performs internal communication and must establish who the senders and receivers are to channel and disseminate the information correctly.
- Kind of communication:
- Descending communication: Hierarchies are transmitted over subordinates, and objective standards are met and orders given. This communication reports
Business Structures and Organizational Dynamics
Trading Companies and Social Interest Societies
Trading companies are formed by several people who share a common heritage to collaborate in operating a business, aiming to obtain a profit and participate in the distribution of profits. Social interest societies seek to obtain benefits while also satisfying the common needs of their members. Cooperative societies are a popular example of this group.
Liability: Unlimited and Limited
Unlimited liability occurs when the employer, an individual in a society,
Read MoreEconomic Impact of World War I and the Great Depression
Economic Chaos of the Postwar Era
Governments tried to return to pre-war economic practices, but the international economic scene had changed substantially. Gold reserves were depleted. Due to military needs, many had been forced to resort to the production of banknotes or large releases of public debt. Monetary disorder reigned during the war and the postwar pattern. It was necessary to abandon the Gold Standard. The war had caused great destruction; spaces were fragmented, and economic infrastructure
Read MoreKeynesian Economics: A Critical Analysis
**Item 8: Keynesianism**
Criticism of Keynesian Ideas
Analysis of the sovereignty of the producer: The consumer must submit to the producer. Should I eat, under any circumstances, whatever it is that employers offer us? Hence, if the consumer does not want to consume, it is the state that consumes for them. In a crisis, this means we have to keep the money flowing without a restructuring of the economy. If we continue to consume and spend in the same proportion as before, we squander the savings.
Read MoreInterwar Economy: From Postwar Crisis to the Great Depression
The Interwar Economy: From Postwar Crisis to the Great Depression
Situation at the End of the War
- Heavy human and material losses.
- Disruption of national economies.
- Huge financial costs increased domestic and foreign debt (Inter-Allied debts).
- Monetary policies that led to high inflation.
Economic Consequences of the Peace Treaties
- Imposed strong compensation and reparations to countries in arrears.
- The great empires were fragmented, dismantling their large economic spaces.
- Germany lost important mining
International Business: Strategies, Factors, and Market Advantages
What is International Business?
International business encompasses any commercial transaction that is private, governmental, or between two or more countries.
Types of International Business
- Sales
- Investment
- Transportation
Purpose of International Business
- Expand sales: Accessing new markets to increase revenue.
- Acquire resources: Obtaining raw materials, technology, or other resources not readily available domestically.
- Minimize risks: Diversifying investments across countries with varying economic conditions.