Wednesday, May 6, 2020

Nonprofit Leadership and Management - Free Samples to Students

Question: Discuss about the Nonprofit Leadership and Management. Answer: Introduction Leadership is an essential aspect that enables a person, who performs the role of a leader and gets the work done by another person within the organisation. The leadership activities managed by a leader within a business organisation include creating a vision of the future that can help in guiding the employees in the right direction. Leaders also motivate and encourage them by lifting their morale and enthusiasm to perform better according to the vision and mission statement of the organisation. The leaders also manage the development of a team, enable training sessions for improving their skills and knowledge and furthermore allow them to accomplish the goals and objectives with ease and effectiveness (Aaker Joachimsthaler, 2012). For creating a vision, the leaders within the business organizations focus on the strengths and weaknesses of the company by utilizing the SWOT analysis, Porters five forces analysis, PEST analysis, etc. It can help in analysing the present situation of the business and develop strategies based on that for becoming successful in the future market place. The leaders also test the vision by conducting appropriate market researches and assess the risks with the use of Scenario analysis technique (Antonakis, 2017). Leadership is a proactive thing present in individuals that can make an individual gain the ability to solve problems, focus on the future and ensure that the workers of the organization are kept motivated to perform efficiently and increase organizational production level. Leaders play the role of mentors who can motivate and encourage the individuals for delivering the vision that has been set by the organization and furthermore create link between two expectations. These ex pectations including the expectation of hard work from the employees to deliver positive outcomes and expectation of results that can make the workers obtain both monetary and non-monetary rewards and incentives are managed by the leader too (Avolio Yammarino, 2013). Within a work-related environment, the leaders have the duties of delivering the vision by identifying the key performance indicators and make sure that the employees are kept informed about these for successful fulfilment of organisational needs and living up to the organisational standards as well. An effective leader also manages his roles and responsibilities properly to develop a team, train it and make the team achieve the vision with ease. According to the Tuckmans model, the leaders manage the various approaches including the forming, storming, norming and performing to ensure that the team is developed properly and training is provided to the team members (Beck Cowan, 2014). The training and developmental ses sions would allow them to improve their skills and knowledge level and make them perform to their potential to contribute largely to the company where they had been working. Interviews conducted to demonstrate roles played by leaders One of the interviews that took place was the interview with Alan Joyce, CEO of Qantas Airways. The entire interview scenario was recorded by The Monday Interview, which showed that Alan Joyce had been quite focused on individual goals and objectives and he had the abilities and skills to perform aggressively with a vision in mind. The focus of Qantas Airways' CEO was to generate the maximum level of profit and ensure that the airline's company does not suffer from any loss in the future (Bolman Deal, 2017). Alan Joyce has managed to run Australia's largest flag carrier properly, and the interviews where he has been involved show that he is quite soft-spoken, though has the ability to make the company sustain in the competitive business environment. He has been registered in more than 80,000 media conferences and is one of the billionaires in Australia (Briggs, Morrison Coleman, 2012). Due to his immense contribution to the Airlines company, "Flying Kangaroo" is one of the most reputed brands and has even left behind Virgin Australia concerning revenue generation. When the company faced a huge problem due to the high price of fuel and high competition level, Alan Joyce, rather than criticising the business, faced the critics and provided the media with relevant answers related to the l the causes of such problems. Soon, his leadership skills and abilities marked the remarkable return of the company and Qantas generated a profit of more than A$206m (Colombini McBride, 2012). Alan Joyce has graduated from Dublin Institute of technology and Trinity College Dublin by studying BA and MSc respectively. According to him, the transformation program aimed to provide $2bn in cost cuts for managing proper cooperation between the management and union leaders. The employees were provided with good working conditions and this ensured better flexibility for transforming the comp any from good to best to deliver the best. In spite of being a gay chief executive, he thinks that it is not an issue and with the ever-changing global environment nowadays, he believes on focusing towards individual goals and objectives to become successful (Daft, 2014). The Australian tourism is one of the leading sectors where the leaders have played a major role in enhancing the organisational efficiency and keep the needs and preferences of the customers fulfilled. Because of the effective leadership skills and abilities, the tourism sector in Australia has managed to generate good amounts of revenue in business along with a huge customer base. An interview was conducted with the Tourism Australia managing director John O Sullivan to know the approaches and techniques followed by him as a leader to overcome challenges and measure the rate of return on investment derived from the social media efforts (DuBrin, 2015). The Managing Director of Tourism Australia has successfully managed to maintain the best quality of food and wine to keep the customers satisfied and thereby ensures that they look at the perception of Australia as a food and wine destination. When asked about any other themes that Tourism Australia has managed to focus on after cuisin e, John O Sullivan stated that they had plans of setting up hotels and restaurants near the Australian coastline for a series on the Great Barrier Reef as well. This would create a positive mindset among the customers as they could enjoy food and wine while being connected to the outside environment and experience a pleasant stay (Fransen, Weinberger Kirschner, 2015). Tourism Australia has been a leader in terms of social media strategy on the social networking websites. According to the responses of John, it could be demonstrated that he had used the social media strategies to attract more customers and make them know about the Australian tourism sector, furthermore create a leadership position with ease and efficiency (Goleman, Boyatzis McKee, 2013). Richard Umbers was appointed as the new CEO of Myers in Australia to manage approaches and act as an effective leader to appeal more customers. As a responsible leader, Richard Umbers has reformed the emotional connection of the customers with the business for ensuring that the retail store becomes successful in the future as well as appeal a large segment of customers to draw in more profit and even make the company gain the competitive advantage in business. According to him, customer engagement is essential, and this proves that he wants his workers to perform well to fulfill every needs and requirement of customers, as they are considered as the most important stakeholders in the business (Hackman Johnson, 2013). The primary reason for replacing the existing CEO, i.e., Bernie Brookes, was to generate more profit and enhance the sales. According to him, digital and online approaches are needed to be managed, which is possible by making investments to enhance the brand awareness, attract new customers as well as retain the existing ones. The new CEO of Myers, Australia, Richard Umbers also made sure that a senior professional and committed team should be developed for enhancing the effectiveness of the organisation and deliver positive outcomes in terms of business efficiently (Hargreaves Fink, 2012). Conceptualization of leadership according to the Organizational issues faced Just as it could be seen from the last interview with the CEO of Myers, the profit level and sales decreased largely, because of which, a new leader was appointed. The new leader of Myers, Richard Umbers decided to form a team consisting of skilled and knowledgeable workers who could contribute to the organisational effectiveness with ease and effectiveness. The major issue faced was the lack of professionalism and committed team members, due to which, they failed to move in the right direction by following the vision of the organisation. It was necessary to form an effective team, and it could be done by following the Bruce Tuckmans team formation model (Johnston Marshall, 2016). The model consists of various stages including the forming, storming, norming and performing. It shows that as the team develops various skills and abilities, the performances not only increase, but also relationships are established along with a change in styles of leadership to transform the company into something better and drive the sales revenue and profit level too. For the CEO of Myer, Australia, Tuckman's stages of group development would help to form a team and allow it to grow, face challenges, take risks, handle issues, find solutions, plan the approaches and finally deliver the outcomes (Lussier Achua, 2015). Qantas Airways faced a loss of $2.8 billion, according to the financial figures. The loss showed that the company did not have a proper long-term strategy and viability along with lack of investments made. The other issues are related to the ways or approaches by which Qantas Airways has appealed to the history to manage the regulatory environment. Due to the huge pre-tax loss of $646 million, there is need of making investments to deal with the higher share prices and maintain a stable financial condition too. There were also questions that arose on behalf of the CEO of the company, who was criticised about decisions taken by the gay CEO. On the other hand, Alan Joyce blamed the rising of fuel costs and made decisions to ensure that the company recover from its loss easily (Nahavandi, 2016). Joyce not only survived the criticism and handled the situation wisely, but also changed the foreign ownership restrictions. He brought a huge turnaround by delivering good financial results and implement strategies for managing the growth and development of business effectively. He focused towards the goals and objectives, which helped in taking the airlines and unions, and slowly the shares increased to more than $4, furthermore generating pre-tax earnings of $1.6 as well. The leader made transparent decisions to ensure that the services provided by the airline's company were effective and could keep the customers satisfied too (Northouse, 2015). Qantas Airways experienced lots f issues beyond the management control, and to deal with the issue, Alan Joyce acted as a responsible leader and made the workers understood the vision and mission of the organisation. Tourism in Australia is a very strong labour intensive business market where many opportunities are provided for employees. This sector is one of the fastest growing sectors that have provided jobs, though the individuals should possess good knowledge, skills and expertise. One of the major issues faced by the managing director John O' Sullivan was the lack of employment opportunities provided to the people of Australia, especially the youth segments, which not only deteriorated the effectiveness of the tourism sector but also created a negative impact on the economic growth of the country (Raes et al., 2015). To deal with these kinds of issues, John O Sullivan followed the democratic leadership style to ensure that all the responses of people were gathered and then a fruitful decision could be made. He also discussed openly these issues with the Government of Australia, because he was more focused on creating a good condition and ensured better labour productivity within the tourism and hospitality industry. The availability of skilled human resources is important for the success of a tourism development program, and the major issues that have arisen include unstable employment scopes, low job status, lesser wages paid to the employees and extended working hours (Reeves Ventura, 2012). Due to this, there had been a high turnover of staff, thereby making it more difficult for gaining success within the tourism and hospitality industry. Leadership practices and theories and impact on organizational success The Tuckmans team formation model consists of forming, storming, norming and performing, which can help to create a positive impact on the success of the organisation. Storming stage enables to make decisions and relationships are established between the team members, which can even result in facing various challenges while working as a team. Here, with the support and guidance of the leader, the members of the team would be able to gain clarity in their roles and responsibilities and furthermore focus on individual goals and objectives without being disturbed by emotional issues (Renz, 2016). Compromises are made for ensuring progress in the next stages. The norming stage is considered as one of the most important stages where agreements are made, and the consensus is formed between the team members and the roles of team members become clear and conscious. The decisions that are smaller have been delegated to the smaller teams, and strong bonding is formed, which allows for unity an d coordination to perform the tasks at a faster rate (Shapiro Stefkovich, 2016). Thus, the contribution of the leader is huge, and it promotes effective working conditions as well as manage the flow of processes within the organization with ease and effectiveness. The leader follows the situational leadership style where participation of the team members is needed because the leader mentors or coaches them (Spillane, 2012). The last stage is performing, where the team become more aware of the strategies and even understands the roles and responsibilities properly. The team follows a shared vision, and because of the skills and knowledge acquired, the involvement of the leader is not required. The members of the team make decisions by agreeing with the leader and team has achieved a high level of autonomy. As this is the last stage of the team formation model, misunderstandings and conflicts within the team are resolved, and the team will be able to work towards a common goal or objective (Tannenbaum, Weschler Massarik, 2013). The members of the team can even request for the guidance of the leader through the interpersonal development within the organisation. The leader also provided training programs to them so that their skills and knowledge could be improved and they could perform to their potential for making useful contributions to the organization. One of the leadership theories has been the trait theory that shows that people are born with inherited traits, and few traits are mainly suited for various kinds of leadership. The individuals who are capable of becoming good leaders have the right combination of traits, which make them differentiable from others. The leaders who can create a positive impact on the success of the organisation shall have good decision making skills, ability to work as a team and guide the team members in the right direction, remain persistent, self-confident, energetic and focused on the goals and objectives of the organization (Tourish, 2014). The leaders must have the skills to adapt to certain situations and work in an ambitious manner for ensuring achievements with ease and effectiveness. The leaders also must hold the trait of remaining self-confident to assess the views and opinions of the employees properly and ensure that a proper decision is made for the benefit of the company. The leaders m ust also be able to handle stressful situations and be creative, diplomatic, organized, persuasive and socially skilled in managing the workforce properly (van Es, 2012). Just from the case studies illustrated in the above sections, it could be understood that Richard Umbers, the CEO of Myers managed to form teams for enabling coordination and teamwork and allow them to contribute to the organisation by considering the vision and mission statement of the organisation. He followed the Tuckman's model of group development to form an effective team that would be capable of handling problems, plan for necessary approaches and find out the most relevant solutions to those problems. On the other hand, the loss faced by Qantas Airways was a major issue, and it was dealt by Alan Joyce by making necessary investments and even take support from the Government to manage the funding procedures and ensure delivery of good quality services to people (Ward, 2016). Conclusion The topic included the various concepts of leadership and ways by which leaders could act responsibly to overcome the issues experienced by the business organisations. The issues experienced within the organizations included lack of employment opportunities, investments, etc. and in order to deal with these specific plans are made to find solutions to the problems and deliver the most positive outcomes efficiently. Transparent and open decisions were made to overcome these issues and ensure proper control of management and administration within the organisation as well. Recommendations Few suitable recommendations are made for assisting the leaders to fulfill their roles and responsibilities properly. The major recommendations are: Leaders must focus on the various concepts of mentoring, teaching and coach the employees to make them move in the right direction as well as obtain the relevant knowledge required for accomplishing the work requirements with ease and effectiveness It is recommended for the leaders to make sure that the needs and requirements of the worker are fulfilled, and they are kept motivated so that they can perform to their potential For a leader, it is important to remain committed and clarify the leadership vision for identifying the areas that will be needed to be improved. The leader is recommended to develop emotional intelligence for focusing on the direct reports and collect feedbacks from the people informally for improving the areas that lacked certain strengths. It is also recommended for the leader to become self-aware, self-confident and strategic for getting the work done effectively by the employees as well as resolve the issues that were faced earlier. References Aaker, D. A., Joachimsthaler, E. (2012).Brand leadership. Simon and Schuster. Antonakis, J. (2017).The nature of leadership. Sage publications. Avolio, B. J., Yammarino, F. J. (Eds.). (2013). Introduction to, and overview of, transformational and charismatic leadership. InTransformational and Charismatic Leadership: The Road Ahead 10th Anniversary Edition(pp. xxvii-xxxiii). Emerald Group Publishing Limited. Beck, D. E., Cowan, C. (2014).Spiral dynamics: Mastering values, leadership and change. John Wiley Sons. Bolman, L. G., Deal, T. E. (2017).Reframing organizations: Artistry, choice, and leadership. John Wiley Sons. Briggs, A. R., Morrison, M., Coleman, M. (2012).Research methods in educational leadership and management. Sage Publications. Colombini, C. B., McBride, M. (2012). Storming and norming: Exploring the value of group development models in addressing conflict in communal writing assessment.Assessing writing,17(4), 191-207. Daft, R. L. (2014).The leadership experience. Cengage Learning. DuBrin, A. J. (2015).Leadership: Research findings, practice, and skills. Nelson Education. Fransen, J., Weinberger, A., Kirschner, P. A. (2013). Team effectiveness and team development in CSCL.Educational psychologist,48(1), 9-24. Goleman, D., Boyatzis, R. E., McKee, A. (2013).Primal leadership: Unleashing the power of emotional intelligence. Harvard Business Press. Hackman, M. Z., Johnson, C. E. (2013).Leadership: A communication perspective. Waveland Press. Hargreaves, A., Fink, D. (2012).Sustainable leadership(Vol. 6). John Wiley Sons. Johnston, M. W., Marshall, G. W. (2016).Sales force management: Leadership, innovation, technology. Routledge. Lussier, R. N., Achua, C. F. (2015).Leadership: Theory, application, skill development. Nelson Education. Nahavandi, A. (2016).The Art and Science of Leadership -Global Edition. Pearson. Northouse, P. G. (2015).Leadership: Theory and practice. Sage publications. Raes, E., Kyndt, E., Decuyper, S., Van den Bossche, P., Dochy, F. (2015). An exploratory study of group development and team learning.Human Resource Development Quarterly,26(1), 5-30. Reeves, D. B., Ventura, S. (2012). i Leadership.AGENDA. Renz, D. O. (2016).The Jossey-Bass handbook of nonprofit leadership and management. John Wiley Sons. Shapiro, J. P., Stefkovich, J. A. (2016).Ethical leadership and decision making in education: Applying theoretical perspectives to complex dilemmas. Routledge. Spillane, J. P. (2012).Distributed leadership(Vol. 4). John Wiley Sons. Tannenbaum, R., Weschler, I., Massarik, F. (2013).Leadership and organization. Tourish, D. (2014). Leadership, more or less? A processual, communication perspective on the role of agency in leadership theory.Leadership,10(1), 79-98. van Es, E. A. (2012). Examining the development of a teacher learning community: The case of a video club.Teaching and Teacher Education,28(2), 182-192. Ward, J. (2016).Keeping the family business healthy: How to plan for continuing growth, profitability, and family leadership. Springer.

Wednesday, April 22, 2020

People with disabilities and the hotel industry

There are millions of people with disabilities in the USA that is why their needs should be met and satisfied as well as the needs of any other persons. The hotel industry develops according to the definite laws and principles, and the management of hotels follows the concepts presented in the Americans with Disabilities Act (ADA).Advertising We will write a custom essay sample on People with disabilities and the hotel industry specifically for you for only $16.05 $11/page Learn More According to this act, the needs of people with disabilities should be satisfied in relation to the fixed rules in order to provide the necessary conditions for these persons and follow the principle of the equal access to all the services and accommodations provided by the hotel. The necessity to accommodate people with disabilities along with the other guests should not be discussed as challengeable because there are definite rules and principles following which hotels pro vide the successful accommodation for all the guests. To meet the expectations of the deaf persons, hotels should have certain resources and facilities available. Thus, in the situation when a deaf woman needs to speak with a concierge, it is possible to use the note-taking practice, and the written materials should be provided. The exchange of the written notes is possible when the conversation is simple and relates to the questions of accommodation or providing some service. In this case, the presence of the person speaking ASL is not necessary. Moreover, to respond to the requirements of the deaf person, it is necessary to provide the possibilities for the telephone communications with the help of teletypewriters which have the keyboard and display. This device helps the service staff take calls from the guests’ rooms. The guests with disabilities feel more comfortable when their rooms are furnished with such telephones and teletypewriters, TV decoders, and special visual safety equipment. These facilities are appropriate for using by deaf guests. However, it is also necessary to meet the needs of the persons who use the motorized wheelchairs or have the service dog. If the special rooms are furnished effectively to satisfy the needs of people with disabilities, these persons can experience difficulties while eating in the hotels’ restaurants or cafà ©s. For instance, Violet uses the motorized wheelchair and has the service dog. To provide the woman with the high-quality service in the restaurant where there are no free non-booth tables, it is necessary to allow the wheelchair’s moving among the tables, ask politely a person or a pair who sit near the entrance help and occupy any free booth table if it is possible for them.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It would be easier for Violet to occupy the table near the entrance in or der to regulate the movement of the wheelchair. The chairs which prevent the movement of the wheelchair can be moved to free the space. It is stated in the ADA that people with disabilities should be permitted to use service animals that is why the presence of Violet’s service dog in the restaurant is necessary. Other visitors should be informed about such possibilities with the help of the information boards where the ADA’s requirements are presented. The manager’s task is to regulate the situation with the people who are against the presence of animals in the restaurant and draw their attention to the ADA’s requirements (ADA, n.d.). Nevertheless, if the problematic situations related to the issue of accommodating the people with disabilities and their rights can be solved with the help of the effective management and the service staff’s efforts, the issue of hiring the employee with definite disabilities requires the other approaches to solving t he question effectively. For instance, Enrique cannot work at night because of suffering from the bipolar disorder, and he asks to change his night shifts. It is important to note that according to definite regulations, people with bipolar disorder should be allowed to have the flexible schedule, longer breaks, and possibilities for the part-time work. That is why, Enrique can be proposed to develop the part-time work schedule or change with the other employees during their day shifts. The part-time work schedule of Enrique will not influence the schedules of the other employees significantly. However, the changes in shift schedule can affect the employees’ personal schedules. From this point, it is important to create the positive atmosphere of cooperation among the employees and draw their attention to the fact Enrique can change with the other employees during the day shifts according to their needs. People with bipolar disorders provide the best performance during their h ours of productivity, and the flexible schedule is advantageous not only for them but also for the organization. According to the Americans with Disabilities Act, all the people with disabilities should be provided with the equal opportunity to access the necessary services and facilities. In the case of the hotel industry, to accommodate people with disabilities successfully, it is important to have all the necessary aids and devices to meet their needs. The flexibility of the service staff in making the decision about the possibilities of accommodating the persons with disabilities depends on the general provision of all the necessary aids.Advertising We will write a custom essay sample on People with disabilities and the hotel industry specifically for you for only $16.05 $11/page Learn More Reference ADA: U.S. Department of Justice, Americans with Disabilities Act. (n.d.). Retrieved from https://www.ada.gov/ This essay on People with disabilities and the hotel industry was written and submitted by user Kaiya G. 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.

Wednesday, April 15, 2020

Sample PT Essay - Can a Sample Help You?

Sample PT Essay - Can a Sample Help You?A PT sample essay is a very important tool for any school to use in their teaching of this subject. Why is this so? The main reason for this is that the sample is designed to help you write your own personal essay, and you will want to make sure that the paper you are putting together is very easy to understand.There are several common mistakes that many students make, and some of these errors can end up costing you both time and money in the long run. One mistake that students often make is that they are going over information incorrectly. This can cause the student to make errors in the argument and will end up making it hard for you to get your point across to the reader.Another common error is trying to add too much detail to the text. This can add extra information and derail the process. Also, if you get the data right, it will add a more real life feel to the essay, which can help to gain you more sympathy for the student. Using a sample can also help you be more prepared for your speech and practice your delivery skills.Another common error that a lot of students make is that they do not know how to structure their essay properly. A sample of this can help you figure out what proper structure is. If you have time, and if you do not want to go to the library and buy the book, you can simply look online and see what types of essay structures have been done, and ask yourself how you would like to structure your own essay.The last of the common errors is the one that most people make, and that is that they forget to include key information. Many students forget to write down or write over the key points they need. A sample can be helpful here, because it can show you what should not be written in the document.Writing personal essays is different than writing for other purposes. The point of the essay is to provide a glimpse into the student's life experiences. Therefore, the essay should be able to address any and all subjects that a student would experience on a daily basis.The goal is to make sure that all of the key information is included. The number of students who are able to do this is very high, and they all enjoy the finished product. It shows that you are serious about getting good grades, and a sample can help you learn how to do this.Writing a test is very time consuming and frustrating. However, by following these tips, you can make the most of your time and frustration and write a great essay. A sample of this can be found online and you can take the tip of what should be included and apply it to your writing.

Monday, March 16, 2020

Business Communications Definition Essays

Business Communications Definition Essays Business Communications Definition Essay Business Communications Definition Essay Please provide me with your definition of Business Communications. My Definition of Business Communications is being able to communicate on many different levels. As for example being able to talk in front of a large amount of people in your workplace? How does the textbook or any online site define Business Communications? Business Communications is defined as sharing information between people within an enterprise that is performed for the commercial benefit of the organization? Please provide me with Webster definition of Business Communication?Business: Is described as purposeful activity Communication: Is an act or instance of transmitting Please go online to your Brown Mackie portal and go to Library, library resources, all sources, Credo and provide a definition of Business Communications The exchange of information in an organization. For organizations to work effectively, it is vital that information be communicated to those who need it. Withholding information, i. e. failure to communicate, can be an effective means of extorting power over others in the organization.6. In what ways do communication skills act as a career filter?Your ability to communicate will make you marketable and continue to be your ticket to success regardless of the economic climate.7. Do business professionals think that college graduates today are well prepared for the communication and writing tasks in the workplace? No. It is said that many college graduates failed the writing test because there isnt enough time to teach writing skills.8. What are soft skills? Essential career attributes that include the ability to communicate, work well with thers, solve problems, make ethical decisions, and appreciate diversity.9. Will the time and money spent on your college education and writing training most likely pay off? Yes. College graduates make more money, suffer less unemployment, and can choose from a wider variety of career options than works without a college education. They have access to highest paying and fastest growing careers, many of which require a degree.10. List seven trends in the workplace that affect business communicators. Discuss how they might affect you in your future career.

Saturday, February 29, 2020

Achievements Towards Wawasan 2020 So Far Economics Essay

Achievements Towards Wawasan 2020 So Far Economics Essay The implementation of such a great idea was and is still thought to be impossible by many Malaysians. The skepticism of many was understandable, but, as the saying goes, â€Å"Rome was not built in one day†. The initial efforts needed to bring the Wawasan 2020 vision to life had already been started since the early nineties. Many if the challenges set by Tun  Dr.  Mahathir have seen light in various forms, starting with some of the main challenges, being â€Å"Establishing a united Malaysian nation made up of one Bangsa Malaysia† and â€Å"Establishing a matured liberal and tolerant society† One Malaysia (1Malaysia) This particular goal is being implemented through the 1Malaysia programme, which is mostly being used as a catalyst for the Wawasan 2020 idea. The 1Malaysia programme was designed by Malaysian Prime Minister  Najib Tun Razak  on 16 September 2010, calling for the cabinet, governmental agencies, and civil servants to more strongly emphasize on ethnic harmony, national unity, and efficient governance. An official logo and slogan has been introduced along with the commencement of 1Malaysia concept. The logo is the symbol of ‘1’ which includes the national  flag and the word Malaysia. The Malaysian government has spent RM 38 million to promote the 1Malaysia concept in 2010 (Joseph Sipalan, April 2011). http://upload.wikimedia.org/wikipedia/en/thumb/4/4b/1Malaysia.svg/100px-1Malaysia.svg.png The 1Malaysia Logo Moreover, the slogans for the 1Malaysia concept have been changing each year. The slogan for the beginning of the promotion campaign for the program, in 2009, was: † Rakyat Didahulukan, Pencapaian Diutamakan  (People First, Performance Now)† In 2010, it had been changed to: â€Å"Menjana Transformasi  (Generating Transformation)† In 2011, the slogan was: â€Å"Transformasi Berjaya, Rakyat Sejahtera  (Transformation Successful, People Prosperous)† For 2012, the slogan is: à ¢â‚¬Å"Janji Ditepati  (Promises Fulfilled)† Many of the other challenges stated by Dr.  Mahathir in his Wawasan 2020 concept have been implemented through the 1Malaysia initiative. For example, the 1Clinic programme was implemented under the 1Malaysia initiative and goes in line with one of the challenges set by Dr. Mahathir, being, â€Å"Establishing a fully caring society†. 1Malaysia Clinics have been launched in several areas across Malaysia and provide basic medical services for illnesses and injuries such as fever, cough, colds, wounds and cuts, diabetes, and hypertension. Malaysia citizens are charged RM1 for treatment and medication. Non-citizens are charged RM15. There currently are 119 1Malaysia Clinics in Malaysia so far, and the Malaysian Ministry of Health is planning to increase this number to 175 by the end of 2012. (Minister Datuk Seri Liow Tiong Lai, The Star, September 2012) Malaysian Economics One of the important points in the Wawasan 2020 project is the 7% per annum growth over the 30-year period. If the targeted growth is reached within the planned timeframe, the Malaysian GDP or gross domestic product would increase from RM115 billion in 1990 to RM920 billion by 2020 (â€Å"The Way Forward†, Prime Minister’s Office, November 2008), in increase nearly by eight. Alongside, the population is estimated to have a slow increase to around 32 Million at an average of 1.9 percent per annum during the period. This wished-for increase in output and the slower expected growth of the population will result in the per capita income steadily rising from RM 6,180 to RM 26,100 by 2020- ranking Malaysia among one of the high income nations.

Wednesday, February 12, 2020

Review of the Book Economics in One Lesson Essay

Review of the Book Economics in One Lesson - Essay Example Unfortunately, most of the time this fact is always hidden because bad loans made by the government are hidden in most federal spending. On the other hand, when banks collapse due to bad loans, it is announced all over the news. Political considerations further hide the bad loans as a result of government lending. This does not happen in the private sector unless the firm in question is affected by a politically motivated legislation. The community reinforcement act is an example of a legislation that advocates for loans to individuals who do not qualify. The book cites the Bush administration endeavors to ensure that banks lend more money. Based on the current times, Hazlitt argues that tariffs such as NAFTA are harming the economy. Hazlitt states that both consumers and producers are hurt by the tariffs. His argument is the opposite of the common notion that tariff affects consumers only. He explains that tariff forces consumers to pay much higher than they could have had to pay wi thout it. This means the extra dollar spent due to the tariff could have been used elsewhere. Therefore, this denies producers of other goods and services that dollar. Tariffs are aimed at protecting local industries against competition from foreign goods. On the other hand, imports are good because they provide other countries with local currency necessary for buying domestic goods Hazlitt addresses the economic impact of government actions and remains silent on protectionism due to national security. He states that the real gain from foreign trade for any country lies in its imports and not its exports (Tom the Redhunter para 11). He supports his statement by arguing that businessmen imports products because they are cheaper for the consumers compared to domestic products.... This paper offers a comprehensive review of the book Economics in One Lesson by Henry Hazlitt. The book introduces the common man to simple and clear economic thought. The author does not object public program spending but rejects the use of public projects as a plan of injecting money into the economy. He argues that public projects should be justified based on their importance to the economy. Based on the current times, Hazlitt argues that tariffs such as NAFTA are harming the economy. Hazlitt states that both consumers and producers are hurt by the tariffs. His argument is the opposite of the common notion that tariff affects consumers only. He explains that tariff forces consumers to pay much higher than they could have had to pay without it. Hazlitt addresses the economic impact of government actions and remains silent on protectionism due to national security. He states that the real gain from foreign trade for any country lies in its imports and not its exports. The book also addresses the fallacy that cost of production determines the market prices. Hazlitt argues that demand and supply determines the market price. Bailouts are necessary to save collapsing industries. The book lays emphasis on the importance of extensive analysis of both primary and secondary consequences of proposed policies. The free economy needs to be revived by removing unnecessary government intervention but still maintain important interventionism. The government needs to learn from past mistakes so as to make better informed decisions later.

Saturday, February 1, 2020

MKT Assignment 02 Essay Example | Topics and Well Written Essays - 750 words

MKT Assignment 02 - Essay Example Gucci. Prada. Louis Vuitton. Coach. Herms. Chlo. Not anymore. Price - a meaningless word in accessories and leather product industry - is one now echoing deep. Interestingly, feminine sensibility has changed at industry's heels or, conversely, has prompted an unlikely change. Handbags - a long-standing feminine companion, a stamped LV projected for all eyes to see - have given way to shoes. In response to current crisis, major brands are working out marketing strategies stressing less on "new" and more on loyalty to existent classic offerings. Wall Street Journal Magazine qualifies current economic crisis as "Fact": Evidence suggests that after a long shopping hiatus last winter and spring, consumers have been tiptoeing back into stores to buy shoes, handbags and sunglasses, selectively [emphasis added]. (Bannon) "Selectively" is, in fact, telling. Indulgent consumers, losing huge financial assets, are psychologically speaking no longer interested in luxury per se but to keep up an image damaged hard in elite circles. In response, industry giants are adjusting to perceived shifts. Thus, a Prada bootie priced at $800+ during shopping splurge heydays now costs $495. Yet, bags are a standalone symbol for femininity - hence industry's, led by Louis Vuitton's, marketing strategy to enhance brand image of classic models. Saks Fifth Avenue and Chlo are following suit. Interestingly, an industry traditionally geared up to high-end, well-off, older consumers is currently turning to 18-to-25-year-olds stamped -by luxury industry - as "bunkie". Coach's Poppy - featuring sequins, jewels, bright colors, logos and metallics - is a clear example. Notwithstanding Coach's turn to, well, "bunkies" Poppy's features still retain an industry's hold [Insert Your Last Name] 2 on luxury values. Thus, in a mix of new market segmentation and pricing strategies, accessories industry eyes unlikely (untapped) markets during business-as-usual days. Yet, some big brands (e.g. Bottega Veneta) still refuse, at all costs, to compromise on price and stress more on quality and value. Consistently, Italian manufacturers show reluctance to offshore - an indication of still entrenched Italian all-in-the-family business culture. Major retail stores in major markets such as U.S. have, however, responded more briskly catering to more diverse global consumer segments. Indeed, one great opportunity current economic crisis offers to accessories industry leaders is including broader global market segments formerly inadequately served. Historically, market segments for accessories industry have taken as central to global marketing strategy North America, Western Europe, Australia, and Russia. As part of global marketing strategy, global brands such as mentioned above have enjoyed constant featuring in major fashion weeks in Paris, London, Milan and New York. Comparatively, little attention has been directed to emerging fashion weeks in Middle East (e.g. Dubai Fashion Week) and Indian Sub-Continent. In current global economic situation rethinking global marketing strategies becomes a mandate not only for expansion and growth but even for survival as global tastes