Global Governance: Key Concepts and Actors

Posted by on Apr 30, 2024 in Economy | 0 comments

Anarchy

– The world was said to be anarchical due to the absence of a world government.
– After the Cold War and the establishment of the UN and non-state actors, the world was no longer as anarchical.
– Anarchy exists outside of states/between states, but within states, it is the ‘authority’ of a state over society.

Automation of Work

– A steady stream of reports indicates that jobs are increasingly being replaced by AI and robots.
– This has eliminated many jobs in manufacturing.
– Lower-paying jobs
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Understanding Globalization: Trends, Impacts, and Key Concepts

Posted by on Apr 30, 2024 in Economy | 0 comments

Understanding Globalization

Key Trends in Global Trade

The Doha Round and Challenges to Free Trade

The WTO’s Doha Round, aimed at lowering trade barriers and revising trade rules, faced challenges due to disagreements over agricultural subsidies between developed and developing countries. The US and EU’s reluctance to reduce subsidies hindered progress, as it would have allowed developing countries to export food more competitively.

The Rise of Mega-Regional Trade Deals

Mega-regional trade deals, such

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Measuring Managerial Performance and Leadership Styles at Smartco

Posted by on Apr 30, 2024 in Economy | 0 comments

Measuring Managerial Performance at Smartco

Given the challenging environment in which Smartco operates, it’s crucial to effectively measure managerial performance. Here are some key measures and their value:

Key Performance Indicators (KPIs):

  • Goals and Objectives: Comparing actual performance against set goals provides a direct measure of management’s effectiveness and efficiency, impacting investor confidence.
  • Customer Feedback: Positive feedback indicates customer loyalty and satisfaction, driving
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Organizational Responsibilities, Mission Statements, and Capacity Planning in Business Operations

Posted by on Apr 30, 2024 in Economy | 0 comments

Organizational Responsibilities

  1. Operations

    Responsible for producing goods and services. Goods are physical items, while services provide a combination of time, location, and psychological value.

  2. Marketing

    Focuses on understanding consumer wants and needs, and selling and promoting the organization’s goods or services.

  3. Finance

    Manages financial resources, including securing funds, budgeting, analyzing investments, and providing capital for operations.

The Balanced Scorecard (BSC)

A management system that

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Business Concepts: A Comprehensive Review

Posted by on Apr 30, 2024 in Economy | 0 comments

Financial Management

Capital Budgeting

Airlines use capital budgets to analyze funding options for major purchases like aircraft.

Risk-Return Trade-Off

Companies facing financial challenges may need to offer higher interest rates on bonds, illustrating the risk-return trade-off.

Debt vs. Equity Financing

Debt financing involves borrowing money (e.g., bank loans), while equity financing involves issuing stock and giving ownership stakes.

Financial Planning and Forecasting

Financial planning involves creating

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Financial News: Market Trends, Mergers, and Economic Updates

Posted by on Apr 30, 2024 in Economy | 0 comments

Market Trends and Economic Updates

Fed Raises Interest Rates

The Federal Reserve has announced an increase in short-term interest rates, signaling a shift towards a more aggressive approach to managing the economy. This move is expected to impact various sectors, including retail financing and consumer spending.

NYSE Arca Experiences Glitch During Closing Auction

NYSE Arca, a major exchange for ETFs, encountered a technical issue during the closing auction, potentially affecting the settlement prices

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