Decision Making Paper Essay

This paper analyzes the relationship between's close to home, authoritative and social qualities. The paper likewise talks about how these qualities influence the dynamic in individual’s individual and expert lives. Worth is a social head objective or standard held by an individual, class or society. Qualities are formed by encompassing circumstances. Ordinarily the three qualities are acknowledged in the public eye, for example, Personal Value, Organizational Value and Cultural Value. Individual Values are the principals that characterize human as a person. Individual qualities, for example, genuineness, dependability and trust decide how one will confront the world and relate with individuals. It likewise comprises of mindful, mental fortitude, imagination, neighborliness, trustworthiness, respect, freedom, honesty and otherworldliness. Hierarchical qualities are the principals that manage human’s conduct in proficient settings. They characterize how individual work and how the person identify with collaborators, chiefs and customers. They likewise uncover person’s capability of headway. It likewise comprises of self-governance, seriousness, principles, commitment, morals, dependability, polished skill, reliability and cooperative person. Social qualities, similar to practice of the confidence and customs, are principals that support associations with person’s social roots. They assist individual with feeling associated with a bigger network of individuals with comparable foundations. It additionally comprises of festivity of assorted variety, ethnic roots, confidence, phonetic ties, national ties, local ties and custom. Individual, proficient and social qualities are associated with one another. These qualities are something that influences each territory of person’s individual and expert lives. In our day by day schedule we interface with these qualities all the time particularly close to home estimations. Individual qualities are something which we are gaining from our adolescence. Our folks are the pioneers of these qualities. They show us what is right and what's going on. As we develop, we take our own choices however our folks have an extraordinary impact in our manner of thinking. I accept this is the means by which we figure out how to regard our very own worth when we develop as a grown-up. Next one is proficient qualities. We start to get familiar with this incentive when we go into the universe of freedom. Every association has its own arrangement of rules and guidelines. We have to follow those while dealing with our very own qualities. At work environment the primary significant thing is the means by which we connect with collaborators, directors and customers. How you present yourself with others is additionally significant. Social qualities are something again goes with the individual qualities. They offer significance to the convention, social morals and your assessment of relating those to the work environment and individual life. In the public arena at times individuals with same foundations meet up and structure a gathering and offer their social qualities. At working environment additionally at times we notice individuals with same social qualities meet up and have better comprehension between them. Discovering balance between close to home, association and social qualities is significant. Ordinarily in our life we have to battle to take the choice dependent on these three qualities. For instance for me as a lady locate the correct harmony between my own existence with family and expert life is extremely troublesome. Family (kids) starts things out while taking any choice for myself in any event, when to choose the correct profession way and when to begin it. For working mother balance between these qualities assumes a significant job while taking any choices. Ordinarily I saw that one needs to abandon something so as to accomplish on whatever the individual in question needs. Same chief applies to the qualities. Once in a while proficient qualities beat individual qualities yet on the off chance that we can oversee them two and accomplish the outcome we need then that will be a major achievement. Settling a contention by breaking down the circumstance needs practice yet one will accomplish this by focusing and keeping balance between the qualities. Dynamic is a significant procedure. â€Å"Decision making is the investigation of distinguishing and picking choices dependent on the qualities and inclinations of the chief. † (Harris Robert, 1997). I accept on the off chance that we offer regard to all the three qualities similarly and offer significance to every one of them while settling on a choice then our dynamic procedure will be a lot simpler than we expected and we can keep the correct parity in the individual and expert life. We will have the option to take right choices throughout everyday life in the event that we begin valuing these qualities all the more altogether.

Accounting Theory

Question: Compose an exposition onAccounting Theory. Answer: Bookkeeping Theory From the above rundown on BHP Billiton case, it utilizes productive market speculation bookkeeping hypothesis for future investigation reason. It is critical to comprehend the way that proficient market speculation suggests venture hypothesis in beating market estimations of business element of BHP Billiton (Scott, 2011). It uncovers financial exchange proficiency just as causes existing offer costs in consolidating pertinent data for the equivalent. Undoubtedly, it manages exchanging of offers at reasonable qualities particularly on stock trades for the equivalent. It demonstrates unimaginable that stock needs exchanging at reasonable qualities and buying at underestimated stocks for future examination reason. Investigation On basic examination, it is seen that BHP Billiton should utilize effective market theory for doing the business in wanted structure. It is troublesome in beating the general market accordingly with master stock choice on advertise timing for the equivalent. It is one of the potential ways that helps speculators in acquiring better yields in buying more hazardous interests in a general way. From the monetary hypothesis viewpoints, BHP Billiton should utilize EMH for comprehending the claim and debates in simpler terms. It is inconsequential in looking for underestimated stocks just as trying in foreseeing patterns in the business sectors in basic specialized examination in the most proper way. It includes from scholastics for including in enormous assemblage of proof in supporting Efficient Market Hypothesis for the equivalent. It approaches measure of disagreement for existing models for future investigation reason. Speculators of BHP Billiton needs to accentuation on the steady bea ting over market for longer timeframe. It characterizes ways for securities exchange markets crash just as survey at the stock costs in going amiss with reasonable qualities in a general way. Proficient market Hypothesis brings out appropriate reflection on specific stock assessment of BHO Billiton. As per EMH, speculators present preferred position in anticipating the stock costs just as getting to solid data for the equivalent. It influences the idea of data just as restricted to monetary news on BHP Billiton. It utilizes data from political, financial just as get-togethers for consolidating exercises in a compelling manner. It helps financial specialists in seeing data on stock value appearance in the most suitable manner. It incorporates showcase members in continuing with same data just as having capacity in picking up news on BHP Billiton. End Toward the finish of the examination, it is anything but difficult to accumulate realities on the article on BHP Billiton shares jump following Brazil claim. Whole examination gives point by point depiction on the issues looked by BHP Billiton. In the following segment, it uncovers that BHP Billiton requires for utilizing productive market theory in settling the claim sooner rather than later. Legitimate documentations of budget reports by the money related bookkeeper will help in getting shares method of Brazil claim for the equivalent. It depends upon the investigation on bookkeeping hypothesis if there should be an occurrence of understanding BHP Billiton issues sooner rather than later. Reference List Deegan, C. Unerman, J. (2011).Financial bookkeeping hypothesis. Maidenhead, Berkshire: McGraw Hill Education. Freeman, R. (2011).Governmental and charitable bookkeeping. Boston: Prentice Hall. Glautier, M., Morris, D., Underdown, B. (2011).Accounting. Harlow, England: Financial Times/Prentice Hall/Pearson. Ker, P. (2016).BHP plunges on Brazil lawsuit.The Sydney Morning Herald. Recovered 18 May 2016, from https://www.smh.com.au/business/mining-and-assets/bhp-billiton-shares-plunge following-brazil-claim 20160504-golozb.html Kester, R. (2012).Accounting hypothesis and practice. New York: Ronald Press Co. Scott, W. (2011).Financial bookkeeping hypothesis. Toronto, Ont.: Pearson Canada.

How to Spot a Dangerous Man Book Review

How to Spot a Dangerous Man Book Review Relationships Violence and Abuse Print How to Spot a Dangerous Man Before You Get Involved Book Review By Elizabeth Hartney, BSc., MSc., MA, PhD Elizabeth Hartney, BSc, MSc, MA, PhD is a psychologist, professor, and Director of the Centre for Health Leadership and Research at Royal Roads University, Canada. Learn about our editorial policy Elizabeth Hartney, BSc., MSc., MA, PhD Updated on May 30, 2019 georgeclerk / Getty Images More in Relationships Violence and Abuse Spouses & Partners LGBTQ How to Spot a Dangerous Man Before You Get Involved by Sandra L. Brown describes eight types of dangerous men, explores why some women are attracted to dangerous men, gives red flags and red alerts for each, and includes stories of successes and failures. This book is intended for all women who have a history of bad relationships and want to regain control of their lives. A Clash of Biases Something just didnt feel right about the way this useful information was presented. Sandra Browns bias is that so-called dangerous men are so fundamentally flawed that there is no point in getting involved with these men, or staying with them if you are already in a relationship, because they will never, ever stop being dangerous, or stop using you to meet their own needs. You might find that your bias is the oppositeâ€"that you believe everyone is capable of change and that relationships take work and commitment. However, if a man has been physically or sexually violent to you or your children, you should get as far away from him as possible, immediately. As a reader, you will have to make up your own mind about whether you believe the man you are potentially interested in is dangerous and worth the risks that are laid out in this book. The Eight Types of Dangerous Man Dangerous men, defined as pathological and personality disordered, are presented as eight different types, some of which may overlap in the same man. In particular, the addict overlaps with all of the other types. Brown identifies the eight types of dangerous men as: The Permanent Clingerâ€"Needy, self-identified victims whose chief danger is sucking the life out of you.The Parental Seekerâ€"Immature men who want you to look after them.The Emotionally Unavailable Manâ€"Men who are already committed to another partner and wont commit to you.The Man With the Hidden Lifeâ€"Men who are hiding secrets that should be disclosed to a partner, such as children, disease, a criminal past, or an addiction.The Mentally Ill Manâ€"A man at any level of functioning who has a mental illness.The Addictâ€"This catch-all category includes any man who has any kind of addiction, including alcohol and drugs, sex, gambling, food, and a number of other behaviors, including work.The Abusive or Violent Manâ€"Men who are abusive in any way, including emotional, physical, and sexual abuse.The Emotional Predatorâ€"Men who seek out and torment vulnerable women, including psychopaths. Why These Categories Can Be Misleading This stereotyping of men is stigmatizing and thus harmful. Many people go through difficulties which could be identified in these categories, but that doesnt put them on a par with criminals and psychopaths. Many people with addictions and mental health problems have loving relationships with their partners and families, and many people with and without addictions go through these struggles in their lives without being dangerous. Dangerous Men Defined too Broadly There are certainly many dangerous men out there, especially in the world of addictions. This book is focused on spotting potentially dangerous romantic partners, but drug dealers and pimps can also be particularly exploitative of women who are involved in the world of illicit drugs and sex work, and it makes sense if you are involved in this world to stay informed and prevent yourself from getting hurt. But most of the men discussed in this book are not as obviously dangerous as drug dealers and pimps. And this is where it all gets a bit tricky. The premise of the book is to spot a dangerous man before getting involved, which makes the whole idea of people being innocent until proven guilty impossible. Certainly, once a man has behaved in a way that shows a lack of respect, you have something to evaluate, but much of Browns advice focuses on following your innate intuition, which basically seems to mean any sense of discomfort. Weaknesses in the Arguments Browns perspective is based on many years of working with abused women, so she has seen some of the worst situations that have arisen from women getting close to dangerous men. But to warn women about staying away from potential rapists or murderers is excessively alarmist, and as she points out, these men make a lot of effort to be charming and appear normal, so were not convinced that many women could sense whether the man she has met is one of these small minority of men. Incidentally, there have also been some well-documented cases of women, child,  and teen psychopaths, so dangerous people arent all men. What Women Need to Focus On Brown does identify some important red flags that may indicate that the man you are with is potentially harmful to you, and the relationship may not be a positive force in your life, such as: You wish he would go away, you want to cry, or you want to run.You dread his phone call.You feel bad about yourself when youre around him. However, some of the items on the same list are feelings that can occur in regular relationships, and may not indicate that your partner or potential partner is pathological, such as: You feel uncomfortable about something he has said or done, and the feeling remains.Your past and his are very different, and the two of you have conflicts over it.You think hes too charming or a little too good to be true. And still more seem to be indications that the woman actually has a problem she needs to take responsibility for, which may be nothing to do with the man, such as: You tell friends youre unsure about the relationship.You feel isolated from other relationships with friends and family.You think youre the only one who can help/love/understand him. Overall Thoughts Overall, there is some really useful information in this book for women who are involved with abusive men, people of both genders who are involved in the drug or sex industries, or who are interested in meeting a potential partner. But having a fulfilling relationship isnt just about meeting the right non-dangerous manâ€"?it also requires you to reflect on your own weaknesses and to overcome your own issues. And you wont find guidance on how to do that in How to Spot a Dangerous Man.? Disclosure: A review copy was provided by the publisher.

Global Physics Global Thermostat Essay - 1465 Words

Main issues: Global Thermostat has developed a groundbreaking technology not just to capture CO2 (Carbon Dioxide), but also to tap a trillion-dollar market and sell it. The company hopes to achieve its mission by leveraging new technology with market-based thinking. However, there still exist potential issues in terms of technology, economy and society, being the obstacles of implementing the ambitious plan. Technologically, it has been noted that effectively capturing large amount of CO2 from air is actually more costly that the company claimed. Economically, at this time, no one will invest or fund Global Thermostat because of the lack of practical business model. In the social aspect, the ability of Global Thermostat’s technology to capture CO2 from the air will give the society a false hope that CO2 emission will not be a problem anymore. Considering all the issues, Global Thermostat has to decide what adjustments need to be made in its commercialization plan. Analysis of the issues: Most experts are skeptical about Global Thermostat’s technology. Vaclav Smil, a professor at University of Manitoba and the master of sobering energy-relater numbers, is one of them. He calculated that if we were to bury just one-fifth of the global CO2 emissions, we would need to build an industry capable of dealing with twice the volume of stuff as the entire oil industry, an industry that has to take multiple decades to develop, driven by a huge and mostly expanding market (Bullis,Show MoreRelatedSustainable Energy And The Hot Air1640 Words   |  7 Pagesfuels as their source of energy. There are three main factors why this is bad. First, the quantity of fossil fuels are not infinite, eventually reserves will be depleted. Second, it is proven that burning fossil fuels influences climate change and global warming. Third, in the case of Britain and many other countries, which depend on fossil fuels when they are depleted, will then depend on other co untries for energy. The cost and trade will be unfavorable for many developed countries. Instead of beingRead More Lifestyle Sustainability and the Environment Essay examples2587 Words   |  11 Pageslong way from being environmentally friendly. Pollution comes in many forms: air, water, and land. Air and water resources can and should be considered global resources. The misuse of these is not localized due to the fluid nature of air and water which are constantly circulating and affecting not only the producer of the pollution, but also its global neighbors. 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Indeed, they have transmitted to us a keen discernment about the velocities of the stars and their risings and settings, and about geometry, arithmeticRead MoreElectrochemical And Quantum Chemical Studies Of The Corrosion And Hydrogen Evolution Reaction Of Mild Steel7639 Words   |  31 Pagesand saturated calomel electrode (SCE) (ESCE=0.242 V vs. NHE) as a reference electrode, respectively. Potentiodynamic measurements were carried out at a scan rate of 1 mV/s. To investigate the effect of temperature, the cell was immersed in water thermostat in the temperature range of 298?338 K. For the surface examination, scanning electron microscopy, Joel-JXA-840A type with magnificatio n of 100? was used. All the experiments have been carried out at room temperature 298k unless otherwise statedRead MorePschy Case5196 Words   |  21 Pagesthat he is going to hold his breath until he turns blue. Fortunately, the ________, which controls his breathing (along with the beating of his heart), wont let him do so. B) medulla 43) In science class, a nine-year-old is learning about how thermostats work. The teacher tells her that the furnace goes on when the temperature gets too cold, then goes off when the temperature reaches a certain level. The student doesnt know it, but this operation is similar to the concept of C) homeostasis. Read MoreSexually Transmitted Diseases35655 Words   |  143 Pageschange state †¢ undergo chemical change 2. Solids expand less than liquids, liquids expand less than gases 3. Thermal expansion is due to the increased energy of movement of the particles in a substance, forcing the particles further apart 4. Thermostats which contain a bimetallic strips, use the fact that different metals expand at different rates. 5. Thermal expansion of parts of a building during a fire can cause considerable damage. 6. The coefficient of linear expansion for a material givesRead MoreOrganisational Theory230255 Words   |  922 Pagesunderstanding of organization culture. Structure of the chapter †¢ The chapter begins by explaining the nature of ‘modernism’ as one of the key social movements that began in Western societies in the early twentieth century but that has become of global significance. The modernist movement has been deeply influential not only in organizations but also in the creative arts, design and many other aspects of our everyday lives. This theme is illustrated by a discussion of modernist approaches to architectureRead MoreProject Mgmt296381 Words   |  1186 Pagesand Samson, Technology Management, First Edition Hayen, SAP R/3 Enterprise Software: An Introduction, First Edition Hill, Manufacturing Strategy: Text Cases, Third Edition Hopp, Supply Chain Science, First Edition Hopp and Spearman, Factory Physics, Third Edition Jacobs, Berry, Whybark, and Vollmann Manufacturing Planning Control for Supply Chain Management, Sixth Edition Jacobs and Chase, Operations and Supply Management: The Core, Second Edition Jacobs and Chase Operations and Supply ManagementRead MoreStrategy Safari by Mintzberg71628 Words   |  287 Pagesengineering, and accounting firms †¢ Thin producers: filling huge, occasional contracts for customers, usually anywhere in the world, involving extensive design innovation and complex technology, like a Boeing or an Airbus †¢ Rationalizers: so-called global firms that distribute production mandates around the world while selling to large segments on a wide geographic basis, like an IBM or IKEA †¢ Crystalline diversifiers or network firms: highly diversified, with wide scope and many products differentiated

Soviet Union Essay - 1188 Words

Body Paragraph 1: Support America Generally, the United States approached the Soviet Union with two noteworthy and unchallengeable assumptions: to begin with, the suspicion of the consistent and inescapable threat of Soviet Military animosity; and, second, the presumption of the certainty of American military predominance. The first presumption led to the conclusion that arrangement with the Soviet Union on the premise of shared bargain – which is the main reason for genuine transactions’ – was futile or risky. The last two assumptions promoted the idea that arranging any form of negotiations was pointless and, likewise, perhaps ethnically wrong. Americans commonly see security in institutional terms: adapted by their own atypical†¦show more content†¦The American flying corps controlled the skies. The American naval force controlled the oceans. American bases, together with their British partner, were solidly tucked away around a great part of the colo ssal outskirts of the Soviet Union. Also, the United States, at the time, was the only country to have a nuclear bomb. The over-idealistic American perspective of the Soviet Union caused the United States to suffered an unjustifiable presumption – due to fighting a war in the name of democracy – that since we had an adversary in the same manner as the U.S.S.R. they additionally had comparable thoughts regarding how the post-war world ought to be revamped. In the American’s eyes, the Cold war was caused by the Soviets activities, of which a decent many appeared to be figure to irritate and alarm the West. Nonetheless, in suspicious eyes of the Kremlin, however, the cold war was caused by capitalist hostility. On the other hand, the chain of events in 1945 that shaped the path towards the Cold War intently parallel what occurred at the end of World War I. For instance, isolationist had subverted the structure of worldwide aggregate security Woodrow Wilson had at tempted to make. Furthermore, energetic â€Å"anti-communist† undermined Franklin D. Roosevelt’s endeavor to accomplish a stable after war world in light of participation between GreatShow MoreRelatedThe Soviet Union Essay468 Words   |  2 PagesThe Soviet Union The Soviet Union sparked its first paths of development towards a communist economy through a five-year plan in 1938. The plan called for government controls and government regulation for their workers. This planned also controlled prices and wages for the workers to control the standard of living and to keep the needs of the common man minimal. The government wanted control of all private industries so that they can push for a rapid industrial society. Benefits such as healthRead More The Collapse of the Soviet Union Essay1011 Words   |  5 PagesThe Collapse of the Soviet Union The Soviet Union was a global superpower, possessing the largest armed forces on the planet with military bases from Angola in Africa, to Vietnam in South-East Asia, to Cuba in the Americas. When Mikhail Gorbachev succeeded Konstantin Chernenko as General Secretary of the Central Committee of the Communist Party of the Soviet Union in March 1985, nobody expected than in less than seven years the USSR would disintergrate into fifteen separate states. GorbachevsRead MoreFall Of The Soviet Union Essay1241 Words   |  5 PagesThe Soviet Union fell in 1991, but its path towards destruction began long before then. The countries that were in the Soviet Union’s grip all had tough times adjusting to the fall, though some adjusted faster than the rest. Lithuania rebelled and attempted to leave the Soviet Union right before it fell. Lithuania payed for this by not keeping territory by its border. Ukraine is currently dealing with the fallout from a civil war that Russia meddled in and then won. Russia being the start of theRead MoreBlaming Gorbachev for the Collapse of the Soviet Union Essay848 Words   |  4 PagesBlaming Gorbachev for the Collapse of the Soviet Union On December 5 1991 the Soviet Union was declared officially non-existent, radically changing the world’s economic and political environment. On the 10 February 1991 Heydar Aliyev spoke in Parliament warning of his anticipation that the Soviet Union was to collapse, â€Å"The Culprit to be blamed is Gorbachev†. There is no doubt Gorbachev played a prominent role in the fall of communism in the USSR and the collapseRead MoreThe Collapse of the Soviet Union Essay example1016 Words   |  5 PagesThe Soviet Union, which was once a world superpower in the 19th century saw itself in chaos going into the 20th century. These chaoses were marked by the new ideas brought in by the new leaders who had emerged eventually into power. Almost every aspect of the Soviet Union was crumbling at this period both politically and socially, as well as the economy. There were underlying reasons for the collapse of communism in the Soviet Union and eventually Eastern Europe. The economy is the most significantRead MoreA Brief History of The Soviet Union Essay1117 Words   |  5 Pages The Soviet Union; regarded as the â€Å"evil empire† by United States President Ronald Reagan was one of the most controversial country in the world. It operates as a single-party state with the Communist Party as the central government. From 1922 to 1991, Russia was enrich with the Marxist theory, attempting to promote social equality by resolving it through a series of practical and theoretical measures. 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The government appoints a central planning board to â€Å"determine production goalsRead MoreHungarians Killed at the Hands of the Soviet Union Essays543 Words   |  3 Pageswith the Soviet Union, and risk war in the process. This event does not reflect the containment policy due to the West’s passivity in the matter; on the grounds that it did not represent the spread of communism, as Hungary was already a communist country. Nikita Khrushchev was in power and proving to be a difficult force, and not at all the reform that citizens of the Soviet Union had hoped for. Hungarian citizens, dissatisfied with the People’s Republic of Hungary and their Soviet-imposed policies

Engine Free Essays

Assignment 1. 1 Communication Process Model 1. 1 Communication Process Model A misunderstanding I experienced communicating with a co-worker at work. We will write a custom essay sample on Engine or any similar topic only for you Order Now Misunderstanding 1 Who was the sender? Myself Who was the receiver? Another co-worker What was the message? Was to lack and inspect the Air plane lack system that holds the cargo pallets. What channel was used to send the message? Verbal face to face communication What was the misunderstanding that occurred? Coworker didn’t understood my instructions because of the commotion, loudness and the amount of cargo that need to be loaded as we were doing everything fast and there was not enough time. How could the misunderstanding have been avoided? We should have had a time to stop and listen to each other to convey the message. Cite meaningful understanding rather than a general or less material misunderstanding. Use business- or work-related examples. Identify the roles of the sender and receiver, such as manager, peer, subordinate, client, vendor, and so forth. 1. What did you learn about the communication process from this activity? What I learned from this activity was that the when communicating to someone the process is not as easy as it looks when relaying the message to a received correctly. My position was to stop and ask the coworker to just regroup to have meeting which allowed me to tell him to correct any problems or issue that he can make when inspecting the lacks as this is critical to an aircraft can cause a major problems. It also give me understanding that when you give directions as to what and how something works you need to send a message clearly to a receiver. The coworker because of the time and commotion he did not inspected and didn’t receive my message clearly. The communication needed more time an understanding. 2. What seemed to be the main causes of the misunderstandings? The main cause of the misunderstanding was all the commotion in the ramp where all aircrafts are park as we have many people assigned to a plane. Neither one of us took the time to stop and listen to each other which created difficulties to the loading of the aircraft. At the end we came to a conclusion that we needed to communicate more within the employees and management to have a meeting or PCM every morning before everything start to have a communication process and eliminated a great deal of problems and misunderstandings. Misunderstanding 2 Who was the sender? Manager Who was the receiver? Myself What was the message? Promotion with same schedule. What channel was used to send the message? Verbal communication What was the misunderstanding that occurred? That I was being promoted to lead loader but would still need to have to work on the weekends as many departures took place, but as I had spoke to him before I need it the weekends off for my Family. How could the misunderstanding have been avoided? My Manager did not quite understand my point. He also needed to explain his communication more clearly. 1. What did you learn about the communication process from this activity? This activity taught me that people need to communicate properly and clearly. I was promoted to lead loader from just coordination of loading since I was the last person to be promoted then, discovered that I was expected to keep working on the weekends so other team could schedule off. 2. What seemed to be the main causes of the misunderstandings? The main cause of the misunderstanding was management communication was not clear to me since before I had asked for the weekends off to be with my family even dough I was being promoted. It took me more talks with HR and upper management to resolve this issue. The problem could have been avoided if manager could have been more clearer and explain why he wanted me to work on the weekends this could have avoided me to talk to other upper managers How to cite Engine, Papers

Microsoft case study

A lot of people have agreed that Microsoft Corporation is a monopoly since it holds a huge percentage of the market share. A company is said to be monopolistic if it has direct influence on a good or service.Advertising We will write a custom essay sample on Microsoft case study specifically for you for only $16.05 $11/page Learn More In this case, the company is able to make conditions on the access and right of use of that particular product. In short, a monopolistic company does not receive competition on its products. Microsoft’s products occupy about 90% of the market. Also, the company has a habit of pricing their product higher than other similar products from other companies. Other than that, it forces other companies to conform to their set of laws. Monopolistic companies make supernormal profits because they are able to set high prices on their products. A normal market will stabilize itself at a point where the demand of a product equal s its supply. In the graphs below, market equilibrium is at P comp and Q1. In such a competitive market Price = MC. If the market is under a monopolistic company, prices will be set at P mon and output at Q2, which is higher than competitive price. The monopolistic firm can afford to raise the price thereby curbing the output and eventually lessen financial wellbeing. From the graph, the increase in price up to P mon will decrease customer superfluous (see figure 1). The decrease in buyer wellbeing is a clean move to the manufacturer via high profits. Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Figure 1 A monopolistic company protects its dominance by introducing entry barriers to put off competition. One way in which Microsoft Company retains its dominance is through product bundling. Product bundling is where a company offers several products as one product. For example, if you want to purchase a word processor from Microsoft, you have to buy other products such as spreadsheet; these products are not sold on their own as a single product. Tying products on the other hand, is forcing customers to purchase a certain undesired product so as to purchase the desired product. For example, when purchasing the Windows 98 OS, the product is accompanied with Internet Explorer and Windows Media Player. A customer might not need the extra products but he has no choice but to purchase the accompanying products. Since there are unfair practices from a monopolistic company, there needs to be some sort of regulation. One major body that does this is the European Union. The EU regulates the market by setting rules that will ensure that all parties are not discriminated and fair trade is practiced. Other than that, this body has other functions too. They include; acting as a European representative, determining which country will join the European Union, improving security among its citizens and formulating laws that are meant to protect its members. All the above functions of the European Union are meant to ensure that the citizens of Europe are not discriminated by other countries and companies within and outside Europe.Advertising We will write a custom essay sample on Microsoft case study specifically for you for only $16.05 $11/page Learn More Practices such as product bundling usually poses great burden to the consumers and are unfair to other firms in the same industry. Thus, there is need for regulation from the governments. Intervention is done to avoid market breakdown at the same time maintaining the nature of the market financial system. This is done by controlling the way resources flow to the customers by altering tariffs and financial support. In most countries, regulation is usually done by their respective governments. However, the European Union has agencies such as International Energy Agency, Telecommunicat ions, Agency and the Regulatory body of Commercial Banks also act as market regulators. The EU has formulated a competition guiding principle to guarantee healthy competition in the market. In 2010, it was found that 62% of all European internet users were using Microsoft Internet Explorer. In the deal they signed with the EU to reduce this dominance, Microsoft was asked to give its users a choice on the type of browser they would wish to have. A window will pop up if the user only uses Microsoft Internet Explorer to allow them to pick any among twelve browsers they would wish to install. Some of the browsers that will appear on the pop up window include Mozilla Firefox, Safari, Opera Mini and Google Chrome. This was an EU initiative in which the monopolistic company was forced to offer its customer an alternative product of a different company. When it comes to export and import, the foreign trade is affected by the international economic incorporation. These effects are as a resul t of the price, fee of exchanging foreign currency and international trading policies.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More A computer retailer buying his products from USA must be very watchful on the exchange rates between the US dollar and the sterling pound. If the sterling pound rises, or its value appreciates compared to the US dollar, it means that the retailer will be able to buy his products cheaper than earlier. In turn, he will purchase more meaning more sales and more profits. If the reverse happens, that is the value of the pound depreciates, the purchasing power of his money will reduce. Thus, he will only be able to purchase fewer products than earlier translating to low profits or even losses. When the sterling pound is strong, the UK’s industries will be able to purchase raw materials at a cheaper price. In the long run, products will be affordable to the majority; thereby improving the economy. If the pound is weak, the country’s purchasing power will be low meaning that most commodities will be expensive. This will make the consumers to spend less and that will be bad for the economy. This essay on Microsoft case study was written and submitted by user Joslyn Carver to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.