Managing people for a competitive advantage Assignment

Managing people for a competitive advantage - Assignment Example 2. The role of the first line supervisor or manager in an organization is based on the concept of supervision. The main duties are defined by overlooking the employees that are working in specific teams as well as with different projects. However, the role of the first line manager continues with specific concepts of leadership and teamwork. For a manager to be completely effective there has to be insight into what is occurring within an organization. From this point, there is the need to establish insight that allows the first line manager to connect to different employees and establish relationships while guiding the individuals forward with the projects that are occurring. The management can then combine this with coordination, team building and guidance that enhance the business and allow employees to have a specific environment (Hales, 471). 3. The individuals responsible for ensuring HR policies and practices in an organization begin with the leaders and managers in the organiz ation. The higher level management is responsible for understanding what the vision is of the organization as well as how different human resources in the organization can be used. ... This has to be done not only for the managers that have to take a leadership position but also consists of providing information to employees. The more in which the information can be given, the easier it is for the organization to enhance their performance (Roehling et al, 207). 4. Every individual is responsible for performance in the organization. The individual employees are first responsible for their own performance, specifically by understanding the vision and mission of the organization as well as how their job is defined by these details. As an employee understands the requirements for the organization that they work for, they will be able to become a human asset within the organization. However, for this to work, managers and leaders that are responsible for employees and teams are required to communicate the responsibilities of the individual. This is dependent on the expectations of the organization as well as the understanding of specific duties. The managers have the re sponsibility of taking a leadership role and of creating the correct organizational environment for the employees. The responsibility is furthered by the different departments, such as the HR department. The HR is responsible for creating the policies and conditions that create a sense of responsibility among employees and managers. Without communicating the correct message, there is the inability to get the correct response from those in the departments. This is furthered by the top managers in the organization, which are required to communicate the specific messages of the business. Understanding where the business is supposed to go, the vision and mission of the organization and the responsibilities of the departments and

Early college high school for African American males Dissertation

Early college high school for African American males - Dissertation Example In 1954 the U.S. Supreme Court ruled that public schools that segregated Whites from Blacks were unconstitutional, and that schools that included different races helped to promote educational equality. Kozol (1991), however, found that even forty years later, racial segregation continued largely unchanged in various urban schools acrosst the country. The nation’s largest school districts remained 95-99% non-White, and Black students in poor families still recorded significantly lower scores on tests of academic performance than Whites in middle and high-income families (Knaus, 2007). Thus, despite the Supreme Court’s ruling and the federal government’s assistance of hundreds of millions of dollars to improve academic performance among Black students in public schools, school achievement remained unchanged (Noguera, 2008). Thus, achievement was unaffected by programs funded by the Elementary and Secondary Education Act (ESEA), Title 1 programs of the United States Department of Education, Head Start, Success for All, and Accelerated Schools. African Americans’s schools were often inadequate as compared to schools for exclusively White students (Knaus, 2007). Researchers (Bell, 2009; Ladson-Billings, 2004) who have studied and made recommendations about education among African Americans and school segregation have also described how segregated schools continue to lack academically rigorous curricula to promote cognitive growth and development that Black students require to succeed in school. Other researchers have presented the difficulties Black students have faced when transitioning from segregated public schools into an integrated environment and the subsequent performance gap that has existed since the mid-1900s (Valien, Taeuber, Glick et al., 1970). There is an increasing gender difference in graduation rates across the United States. â€Å"The difference exists across racial subgroups and is widest between African American girls and boys† (Chadwell, 2009, p.9). In the entire United States, as compared to any other group in American society, Black males are the most likely to be punished, most frequently through some form of exclusion, are labeled, categorized for special education even when there is absence of disability, and are the most liable to experience academic failure. Gender Differences in the Ways Males and Females Learn According to physician and psychologist, Leonard Sax (2007), the gender issue is relevant to classroom learning in several ways. In the United States there is increasing prevalence of boys expressing their disdain for school â€Å"saying that school is stupid and they do not like to read† (Sax, 2007, p.40). This approach is found to cut across all demographic groups, affecting both affluent white boys in the suburbs and black boys in low-income neighborhoods. Sax

Interest Rates Rise in the UK Essay Example | Topics and Well Written Essays - 2250 words

Interest Rates Rise in the UK - Essay Example These effects caused by a low inflation, low interest, but highly tax economy are the outcomes that are a current and continuing to thwart economic competitiveness and equilibrium across the UK manufacturing base. This assignment therefore seeks to consider some of the reasons for the causes and effect of increase in interest rates that are now providing causal effects across the economy. In particular the economy of the USA, that has been a focus of concern across financial sector industries in the UK. Commenting on the effect that world interest rates have on domestic interest rates, Mr King said that: "We look at the balance between demand and supply, we ask ourselves what goes into that balance and there is no doubt that what is happening in the rest of the world is a key input into that assessment. However, the way in which overseas interest rate changes affect our judgement is solely as an input into that judgement." "all central banks are very clearly focused on meeting their own price stability objectives. Of course they take the rest of the world into account, but they do not say 'Oh gosh, Jean-Claude has put up interest rates, perhaps we ought to keep up with him'; it is not like that" (House of Lords 2006 p.10). Therefore, the economics of equilibrium are a force that has to be recounted in that the elasticity of the economy is a crucial aspect of financial housekeeping in all World economies and despite the fact an economy must predominately consider its own fiscal policies, rather than being affected by other economic decisions. The problematic area of asset is also a crucial factor when considering the level of impact on an economy, in the same report, the select committee discussed the recent developments in asset management in the USA which has infected the relational economies that have relied on in particular, citing Mr Ben Bernanke, Chairman of the US Fed. stated that: Part of the problem concerning the relation between money growth and inflation is that for many households money holdings are an asset, as they are a form of saving as well as a source of potential purchasing power. The down-turn in stock markets in 2000 may have caused a flight into money and so begun the growth in M4. With the growth of non-bank financial intermediaries, and the increased use of mortgage withdrawal based on

Sumary and responses Essay Example | Topics and Well Written Essays - 750 words

Sumary and responses - Essay Example Nevertheless, Amitai asserts that fast food chain jobs create working robots and are highly uneducational. Indeed, he reckons that such chains pay little attention on how teens acquire skills and the significance of such skills. Amitai notes that research derives that teens that begin as part-time employees McDonalds drop out of high school and are gobbled up in the world of low-skill jobs since they were actually not learning beneficial skills at the food chain (Axelrod and Charles 282). He also asserts that such jobs are not suited for college-bound, white, and middle-class youngsters but for the lower class, illiterate, and minority youngsters. McDonalds disadvantage the minority and offer no career ladders and few marketable skills (Axelrod and Charles 282). The food chains compel teens to work for long hours beyond how they work at school. More so, the supervision at McDonald’s seemingly seeks to teach the teens some wrong kinds of compliance, which is detrimental to the teen’s career (Axelrod and Charles 282). ... This makes the teens to value money or part-time jobs more than their education. The teens tend to think that all they need to live in the society is to earn money and not to concentrate on their studies. He observes that the consumerist aspects of adult life that the fast food chains promote enhance an escape from school and responsibilities (Axelrod and Charles 283). As a result, Amitai recommends that parents have a mandate to ensure that their youngsters seek job opportunities at places with proper work settings that will encourage the development of the student’s careers. Furthermore, the fast food chains must change their strategy or desist from employing the teens. Additionally, he advocates for an agreement with the teen so that a substantial amount of the teen earnings should be beneficial to their families or for their well-being (Axelrod and Charles 283). Ultimately, Amitai Etzioni reckons that the teens should establish a balance between their quest for earnings an d the need to develop their careers. Works Cited Axelrod, Rise B, and Charles R. Cooper. The St. Martin's Guide to Writing. Boston: Bedford/St. Martin's, 2010.

Usefulness of Kants example of the promise in Contemporary Society Essay

Usefulness of Kants example of the promise in Contemporary Society - Essay Example This is the bases on which Immanuel Kant lays his theory of categorical imperative, which argues that all the people need to put into consideration that a person has the understanding of what it means to say â€Å"I must† as a promise. Through this theory, people are able to make proper distinctions between the different things, which happen in the world because of their understanding of their responsibilities towards each other. Kant argues that the categorical imperative requires a person to know their specific duties in a situation and follow them to accomplish their promises they made. In this respect, he exemplifies all the demands of making promises, which require the person who give them to bear all the responsibilities of fulfilling them according to what they said. In using the categorical imperative, Kant explains how a person can promise to fulfil a promise, which they know they will not fulfil because the basic maxim of a promise is that everyone who promises has to fulfil his or her duty. Arguing like this, it explains why people will not predict that a person is lying to them in making a promise they are not committed to fulfil but which other people think they will honour. This philosophy of Kant was relevant in the past and remains relevant in the contemporary world where people have different engagement to assure others that they will fulfil something and end up not doing it. According to Kant, the issues people have in their minds and which they do normally, form an important part of their explanations to different other things because they get some experience in them. Through these experiences of the mind, individuals form special expectations, which are the outcomes of different things they do in their lives and which other people exploit for their good or for their bad. In this respect, people are caught up in ethical issues, which require them to determine the various things according to the expectations of the society, deviation from which causes a person to be rendered immoral. The things that a person is expected to do in specific situation can be his or her duty and he or she is bound to fulfil it within the stipulated time according to the predetermined social requirement. According to some critics of the theory, there is no clear definition of whether the duty to keep a promise in a situation will be categorized as an ethical, in which a person can do it because they are convinced that it is the best thing to do or legal, where he or she fulfil the promises they have made in fear of the outcome of failure (Byrd and Hruschka, 2006, p49-50). According to Kant, a person bears a duty to talk the truth at the time of making a promise to other people and failure to fulfil them pre-exposes them to lying, which is unethical. This means that according to him, talking the truth in the context of making a promise is ethical and on the other hand, lying in the same context makes a person unethical. He argues that lying violates the duty one h as on himself or herself and therefore, ethical and can only be termed legal if it violates the right of another person who is affected by the lying of the people. For this reason, people who violate the duty of keeping a promise are termed unethical and lacking in moral values, which are unspoken rules that a person holds on himself or herself. Kant discredits lying as a legal duty arguing that all the people have their freedom to say whatever they can say regardless of the different implications they have on the other people in the

Female, Feminine, Fertility Essay Example | Topics and Well Written Essays - 500 words - 1

Female, Feminine, Fertility - Essay Example In particular, she competes severely with Carla Santini, who was also striving to attain this position. Lola does not manage to beat Carla Santini since Carla Santini is quite clever and convincing. At one point, Lola gives up with the chase, but is later motivated to keep up the fight. She decides to participate in a play for their school where she manages to defeat Carla Santini. Although the two girls had personal differences during the time they were competing for the lead position, they are seen mending their differences by acknowledging each other (Sheldon, 2014). I have, for a long time seen female characters resembling Lola and Carla in that they are determined, brave yet considerate and willing to forgive. Such are the people the society wants whom despite differences in, for example places of work due to competition for a given position, they are willing to work together, relate positively outside jobs and acknowledge each other. Lola is used to show the modern woman whom despite challenges facing her, she should never forget her worth and values. The modern woman should aim high and fight hard to attain her position while remembering that she should maintain positive relationship with other with whom she is battling out with. Competitors need not only be fellow women but could also include men. For instance, there is a stiff battle between men and women with women striving to get their positions in the society. Such female characters would have a positive impact on practically every person. In fact, there is nobody would be harmed by the presence of Lola and Carla in the society. However, men might be harmed by characters like Lola in the society especially due to the determination part of the character. Being determined means that such female characters will never let off the battle with men in striving to

Game theory in setting quantity oligopoly Essay Example for Free

Game theory in setting quantity oligopoly Essay Game theory is a formal study of conflict and cooperation in economics. In fact, it is usually concerned with predicting the real outcome of the games of strategy where the potential individuals have incomplete awareness about the others’ plans. The game theoretic concepts usually apply whenever the actions of several agents are interdependent. Probably, these agents are either, groups, individuals or firms. The concepts of game theory give a language to prepare a structure, analyze, and comprehend deliberate scenarios.          Game theory has straight relevance to the study conduct of the venture as well as the performance of the firms in oligopolistic markets. A good approach is the decisions that companies takeover pricing and levels of production. Also, how much money needs to be invested in research and development expenditure (Binmore, 1993).          Oligopoly is a type of imperfectly competitive markets. It has only a few sellers, provide a related or identical product to the buyers in the market. Collusion in economics is simply an agreement of two or more firms with an aim to exclude a couple of competing companies in the market so that may obtain high profits. It is clearly that competition in the oligopolistic markets reduces accelerating the performance of that collusion. For that reason many firms quit the marketing operations enhancing profitability to the relating competitors hence deteriorating their economic decisions. This results to complete dissolution of the firms. The output of the collusion increases since most of the firms have quit the market; others loosen their momentum to adhere to the upcoming changes launched in by the oligopolistic markets (Mertens, 1994). As a matter of fact, this becomes advantageous to the remaining firms in the market (Thomas, 2003).             It is noted that collusion is a characteristic trait of oligopolistic firms. Stiff competition and interdependent decision-making encourage oligopolistic firms to cooperate. In fact, one way to lessen the oligopolistic rival is joined together and meets targeted forces forming collusion. There are two main types of collisions in an oligopolistic market. Exclusively, include explicit collusion and implicit collusion. Explicit collusion is a type of collusion which has more two than firms in the same industry. It is formally agreed to control the market force on their own way whereas implicit collusion also more than two firms in the same business but informally they have the similar outlook in the market, habitually with nothing more than interdependent (Binmore, 1993).The price collusion is a form of criminal offense since several firms work as a team so as to keep the price of commodity high with an aim to receive huge income. The relating firms involved necessar ily try to chase out their competitor. History and impact of game theory          In 19th century, game theory was first discovered by one of the early inventors. Consequently, in 1838, the first publication was done by Antoine Cornet. In broad spectrum, he came up with well-formulated researchers on the Mathematical Principles of this kind of theory basing on wealth. He went further to illustrate more on the principles of the publication relating to the game theory. Notably, he tried to explain the underlying rules constituting the actual behavior of the duopoly in the discipline. Even though this publication was associated with the theory of Games and Economics character in 1944, it had the latest principles of game theory that were formulated in it. The game theory has been greatly applied to the behavior of producers with few or one competitor. This perspective of the game theory was conceived by Von Neumann in 19th century.          In macroeconomics, oligopolistic markets are characterized by a few, large firms and its differences from the other market structures as stated above. It is noted that more competitive markets in the firms are of smaller size and its firm’s behavior have slight or no effect on its close competitors. Besides this oligopoly markets changes its output, enlarge into a new market, provides modern services and even advertize. This will have a consequential impact on the market competitors, therefore, increasing the profitability. This enhances more power in the market operation hence deviating losses had to be encountered. For this reason, the firms in oligopolistic markets are always considering the act of their competitors when implementing their economic decisions. The oligopolistic owners strictly tackle any leakages in their market so that they may attain their set goals and formulated objectives. Information exchange in collusion         In broad spectrum, information is an essential tool in planning to come up with mature and complete mechanization of the involving firms. Basing this argument on the game theory, it is realized that in decision making, information is significantly employed. For that reason, a successful collusion in the oligopoly market has sophisticated means on how to underlie its perspectives in a manner that no rival firm come to know. Therefore, crude ideas empower any collusion with a vision to reduce their competitors in the market. Advances in economic theory have enabled the economists to set competitive distinctions between different types of information exchanged between the firms. The required beneficial effect on the consumers and potential side-effects for competition depend on the nature and characteristic of the information that exchanged and also the type of competition in the market. Therefore, it should be known that firm owns the secret in the industry such as firmâ €™s prices, sales, cost demand and other parameters.According to game theory, the competitors are not supposed to get any of this secretive information. Competition authorities are strictly suspicious when information is conveyed especially about prices and quantities because this information is normally significant for monitoring deviations from collusive arrangements and hence empowering collusion. Mostly exchange of information on the cost and demand is seen in another dimension and more favorably. However, information about the prices and quantities is used to convey information about the cost or demand in collusion. For instance, when the firms share information on the past or current prices and quantities inform other players about the demand in the market. This enables their rivals to obtain inferences on how to predict the future period which is against the game theory. Notably, this will weaken their collusion that later on begins to deteriorate in their existence in th e market. As a matter of fact, demand and cost information is useful since is the central element for predicting future demand.               Effective collusion needs good coordination that is well supported by the exchange of information about their plans. This monitors the performance of the collusion in some days to come. In so doing, their rivals will be unable to out-compete them. They become prominent in the market achieving their set goals and objectives. The aggregated information determines whether the collusion will succeed or not. This depends on how the decision making is done. The aggregated information means anonymous or individualized information. Probably, such information may be valuable to the firms. Therefore, it is necessary to know who or where a certain estimate has been made or whether it is enough to comprehend the private signals in the entire industry. In addition, information can be either private or public. The effects of information exchange extremely differ depending on whether the information is made public or kept private, especially in the industry that exchange inf ormation. The game theory does not support exposure of the firm’s intentions. Definitely, they try it, their rival players will come up with the newest perspectives to out-compete them. Therefore, this should be done privately for future success (Thomas, 2003).          It realized that if the information does not give rise to competition distress it will be definitely positive to welfare. Indeed, the usefulness from information exchange is large compared to its demerits. There are quite number of the ways in which information exchange is useful in the welfare. Information exchange is a great part of the discovery mechanism in the industry economy. This implies that through exchange of information in between the formed collusion encourages expansion of the market economy. It also improves investment decision and organization learning. It is only through information where collusion members come up with complete ideas to uplift their set goals. Information exchange also results to output adjustments and lowering search costs in the firm. In the world, information is really required about the demands and rival activities. Notably, the firms would have to become accustomed to the changing circumstances by a trial and error process. Inform ation exchange is a great tool in playing the role of uplifting market economy in collusion hence output in the firms. Impact of rational behavior in collusion            Rationality is one way of decision-making practice wherein a firm exercises prudent choice making that gives it a maximum amount of benefit. Rational behavior usually facilitates decision making that is not productive in collusion. But it only strives to achieve benefits that are mostly achievable in nature. This usefulness can be either monetary or non-monetary. The word monetary stands for finance activities whereas non-monetary is associated with non-financial activities in a company. Therefore, any successful firm considers the following perspectives. This kind of decision making may not possible return materially to the firms at that moment on (Chatterjee, 2014). Therefore, rational choice theory is an economic principle. It states that firms make prudent and logical decisions so as to attain a complete satisfaction in the firm due to its abundant benefits.            The output of collusion increases over time due to changes made in by the decision makers. The identified plans that based on rational behavior usually alter operation of oligopolistic market. Operations may greatly expand performance of the company undermining its valuable transactions. When the collusion need to uplift its operation have to be economical on the way do operate their activities so that can observe a slight differences. Notably, some measures need to be employed to overcome its competition from its rivals. The firms recruit innovative and competent staffs to invest great fortune in the organization.            Competent economists formulate ideas flourishing functionality of the collusion hence uplifting profits, quantity, and its dignity. This shows how game theory is significantly applied in the oligopolistic market basing on the rational behavior. It is preferably considered as a means of competition through decision making. This scares rival players in the market such that are unable to operate their firms. Due to this condition, many firms in the markets are readily to be dissolved. The cause of this is just continuous losses experienced on every end fiscal year resulting to dissolution.             According to game theory, rational behavior is greatly a crucial tool required to make decisions that are needed to eliminate relating firms in the market. Most importantly, competing firms’ quantity reduces as well as its income accelerates due to well-played game theory in the oligopolistic market. Mainly rationality has a positive impact to the prudent collusion. Therefore, game theory is correlated to rationality behavior as far as decision making is concern in an oligopolistic market as mentioned earlier. Only that rational behavior is conditions suitable for accomplishing this specified theory (Mertens, 1994). Even though, participating firms can employ it, frequently is determined by competency of the collusion. Impact of time horizon in the collusion             In economics, time horizon is also referred to as a planning horizon, is a fixed point of time in the future at which some activities will be evaluated. It is noted that is specified a time when all planned activities or processes are supposed to terminate. Therefore, time horizon is a vital condition to any successful stakeholders. It enhances a strict time layout on how to operate your business transactions before targeted deadline. This minimizes time wastage and considers it as a significant factor in implementing business laws. Actually, the set objectives and underlain goals, with the cooperation of competent experts in business, are easily achieved. Time horizon has optimum benefits to those who put it into consideration.             Collusions have unique pathways on how they operate their organizational activities. Additions to that have business ethics for guiding set goals to reach its financial year and attain them. For a successful collusion, time horizon is much in demand to eradicate other firms out of the market. Especially, it needs strictness so that the set firm’s goal is accomplished on reaching time horizon. It confers bright future to competing firms enhancing increased output in the collusion. Time horizon sharpens performance of the most firms with an aim to make more profits in their organizations. Similarly, time horizon is a beneficial condition on practicing game theory in an oligopolistic market. It creates immense difference in the industry. The time horizon can be a month, a week or a year depending on the decision of the firm (Mertens, 1994).Broadly, time horizon is a viable and secret â€Å"tool† that empowers collusion to diminish performance of its riv als in the industry. Eventually, it becomes determinant condition in collusion leading the business to enjoy huge profits and crude output. Collusion lowers its products’ price encouraging more sales whereas its rivals remain constant to the initial price. Cost is usually lower hence encouraging more sales due to high demand. The collusion stagnates in the same price until time horizon comes. At that planning horizon, several firms would have left the industry enabling collusion with uncompetitive environment to work on (Chatterjee, 2014). Conclusion             In broad spectrum, game theory deals with decision making that reinforce competition perspectives in the market. It is kind of a game whereby participating individuals hide their intentions purposely to win over the other. In this case, information, rationality, and time horizon are determinant conditions that boost succession of collusion in an oligopolistic market. It signifies that to acquire viable benefits in the market has to employ well-formulated conditions.Therefore, cost, demand, and quantity differ from relating firms in the industry. Strictly, collusion tries to lower its prices with an aim to increase its output and eliminate the number of firms in the industry. Similarly, quantity in the industry increases with increased prices from other firms. Due to that reason number of consumers in those firms reduces joining newly formed collusion. This enforces rivals to reduce its prices of their products leading to uncountable losses hence leading to collaps ing of many firms. The collusion succeeds its target of eliminating other firms from the industry henceforth starts enjoying oligopolistic benefits including profits. Reference Binmore, K. (1993). Frontiers of game theory. Cambridge, Mass. [u.a.: MIT Press Telser, L. G. (1971). Competition, collusion, and game theory. London: Macmillan. Chatterjee, K., Samuelson, W. (2014). Game theory and business applications. New York: Springer. Mertens, J.-F., NATO Advanced Study Institute on Game-Theoretic Methods in Economic Equilibrium Analysis. (1994). Game theoretic methods in general equilibrium analysis: [proceedings of the NATO Advanced Study Institute on Game Theoretic Methods in General Equilibrium Analysis, Long Island, NY USA, July 1 12, 1991]. Dordrecht [u.a.: Kluwer. Thomas, L. C. (2003). Games, theory and applications.Voigt, S., Schmidt, A. (2005). Making European merger policy more predictable. Dordrecht: Springer. Source document