Euro Essays (911 words) - Currency, Economy Of The European Union

Euro The Most Interesting Event The progress of the Euro was the most interesting event occurring throughout this period. Never before has a currency united so many powerful economic nations. It is very interesting to see the progress it has made and changes it has influenced. In 1991 it was decided that the Euro would be introduced. It officially became the currency of eleven European nations: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain, shortly thereafter. Although the actually hard currency will not be introduced until January 1, 2002, it is possible to trade and complete transactions using this currency. This introduction allowed for a single money supply throughout most of Europe, caused increased transparency of prices and stocks throughout the nations adopting it and encouraged long-term investments between firms in different countries by eliminating exchange rate risk. Despite these benefits, the launch of the Euro has not gone as successfully as planned. Since its introduction the Euro has lost almost one third of its value compared to the dollar. This devaluation has the potential to create a large negative effect on European markets. To take control of the situation government intervention was deemed necessary. In early September, the European Central Bank lowered interest rates for the sixth time in less than a year, in hopes of initiating a rise in the value of the Euro. Despite these efforts the value of the Euro continued to falter. Then in late September central banks from many powerful economic nations collaborated in a major invention effort. The banks spent billions buying Euros to increase their demand while simultaneously selling dollars and yen. This effort seemed to have work as the Euro finally stabilized. This invention was an important step because a weak Euro would cause investors to lose confidence in the new currency. In addition it created a risk of increased inflation because of the increased expense of imports. However, the Euro is still not out of danger because many analysts feel that the reason that it is performing so poorly is because of the decreased amounts of investments in Europe as other markets, the United States in particular, continued to flourish. This is a long-term problem that the central banks will be unable to fix. Then in November as there were signs of slowing economic growth in the US the value of the Euro started to increase. By late November many businesses were acquiring a preference for the Euro because of the benefits it provided. According to one article, The Euro has revolutionized corporate strategy and transformed approaches to doing business in Europe. It makes life much easier for European people, businesses and investors as it creates a single European market. As you can see in just a short period the impact and effect of the Euro drastically changed. It will be interesting to see what will happen in January 2002 when the actual hard currency is put into circulation. No one knows exactly what impact this will have but it will be exciting to see just how this will stir up the European economy as well as economies throughout the world. The Most Interesting Event The progress of the Euro was the most interesting event occurring throughout this period. Never before has a currency united so many powerful economic nations. It is very interesting to see the progress it has made and changes it has influenced. In 1991 it was decided that the Euro would be introduced. It officially became the currency of eleven European nations: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain, shortly thereafter. Although the actually hard currency will not be introduced until January 1, 2002, it is possible to trade and complete transactions using this currency. This introduction allowed for a single money supply throughout most of Europe, caused increased transparency of prices and stocks throughout the nations adopting it and encouraged long-term investments between firms in different countries by eliminating exchange rate risk. Despite these benefits, the launch of the Euro has not gone as successfully as planned. Since its introduction the Euro has lost almost one third of its value compared to the dollar. This devaluation has the potential to create a large negative effect on

Athens And Sparta Essays

Athens And Sparta Essays Athens And Sparta Essay Athens And Sparta Essay While here are many differences that distinguish Athens and Sparta, both share a few resemblances. To start with, Athens and Sparta shared the same religion of Polytheism. Despite Athens having Athena as their main God who was adulated more profoundly than the other Gods. As well as with Sparta, they believed more heavily in Heraclites because Sparta believed he was their founder. Both worshiped all the Greek Gods, some were just more important for Athens and Sparta. In addition to religion, both Athens and Sparta shared the comparison of allowing slavery. Though Athens was a democracy, half of their population were slaves. It is projected that the vast majority of Athenians owned at least one slave. Sprats populace of slaves was more than 10 times the populace of Sprats citizens. The reason for Sprats ridiculous number of slaves is based that the slaves (or helots as Spartan called them) were essential to Sprats food production because the slaves handled it all. Regardless of Athens and Sparta sharing many similarities they also share many differences in their lifestyles since both developed parallel from one another. To start with, Athens prioritize education more than Sparta. Schooling was taken very seriously in Athens as men were taught in philosophy, math, science and more. Poetry, music and drama was also greatly appreciated in their instruction. A good education was the key to Athens success in Greek culture. In contrast to Ethanes value for education, Sparta didnt take education as seriously. When boys turned 7, they were shipped off to a military school until they were 20 to train for the army. The season that Sparta didnt have as big of an education standard as Athens was because they prioritize their military a lot more, which made their army stronger than Athens. Also both Athens and Sparta differ in women rights. For example, in Athens women are valued only for bearing children. Although women were not considered citizens in Athens, they were higher socially ranked than slaves but below men. Women were not allowed to own property which included lands, slaves, jewelry and clothing and were not premised to do sports. They also had to be accompanied by a slave because they were not permitted to leave home alone. Unlike in Athens, where women had no rights, in Sparta women did have a few. Women were allowed to play sport: and move around Sparta freely. For example, though women werent trainee in the traditional Sparta sports such as heavy weight lifting and disk throwing Women were trained in gymnastics to maintain their strength. The reason being, Spartan hoped that if their women were strong they could pass that trait down to their future child.

Explain the future of Global Aviation which includes regulation, Essay

Explain the future of Global Aviation which includes regulation, economics and organizational entities involved - Essay Example The root of crises at the level of air carriers and aviation industry is fragmentation, one of the major weaknesses of airport management is a monopoly in the provision of services and ground service and refueling. Another problem, the complexity of current state of civil aviation and prospects of its development is the lack of transparent and economically viable national system of rates for airport fees and tariffs. The rates for airport fees and tariffs do not match the quality of services provided. In conjunction with practiced monopoly suppliers of kerosene in airports are extremely negative impact on the regularity and profitability of the airlines, often resulting in delays and the cancellation of flights, and sometimes for an end to the flights of individual carriers from any airport. International experience shows that the competition in the global airline industry, aviation industry and organization / management of air traffic can not develop completely independently and requires strong and coordinated support to the state. This calls for an early launch a comprehensive program of reform and greater coordination of the management industry in the new national project. Governments should adopt and consistently enforce the set-up that includes economic incentives and administrative practices aimed at consolidating the industry. This should set clear and transparent criteria under which these airlines should be enlarged. There should be the market of specialization airlines (as they enlarge) - domestic / international, local / long-haul, cargo / passenger transport. Such specialization should meet the needs of the population and the economy and meet the profile of the carriers(Baldwin, 1999). It is necessary to realize the strategy of building a national network of airports, combining ticks carrying

Strategic management Essay Example | Topics and Well Written Essays - 250 words - 2

Strategic management - Essay Example ng is becoming a fundamental because the industry regulator wants to know techniques that a business uses to prevent violation and abuses from happening. In view of this, the GRC acts as a coach in the planning process. In addition, the concept helps industry regulators to know about the measures a business takes when it identifies violations and abuse of employees and policies. According to DiPietro (2013), technology could assist make a business’s governance, threat, and compliance plans more defendable when placed under regulatory analysis. In view of this, GRC must be aligned with the risks that a business is likely to encounter, so that it can help the business stop the risks from happening or help the business mitigate the risks. The GRC acts as a strategy that influences management decision in the industrial and the transnational environment of a business because it helps business prevent risks involved in foreign business ventures, such as bribery and compliance with local policies. A business engaging in foreign investments, such as construction would benefit from GRC, as it would help the business impede the regulatory risk of costly investigations on issues involving in bribery and policy violation. The GRC concept has become a fundamental aspect of improving business performance in the modern business environment (Bloomberg L.P,

Bbc story Essay Example | Topics and Well Written Essays - 500 words

Bbc story - Essay Example However, due to the advancement in technology, there are many options for people to select from the sources of news. Besides TV, radio, and newspapers, there is now internet which provides the latest news at any given time of the day free of cost. This increasing trend has forced the companies to focus just as much on their online presence. The newspaper industry is losing audience to the internet as people are no longer willing to pay for news that they can easily access online for free. Thus, in order to survive, the news companies are not spending big amount to maintain audience both online and offline. A different strategy was adopted by all three of the news companies to compete with each other. BBC was quick in coming up with an online strategy given its vast audience. The company soon announced its decision to go â€Å"digital† under the leadership of Entwistle. The introduction of iPlayer proved to be quite successful both, for the network as well as the VOD market (Andrews, 2012). The main strategy of the company was to focus on vision, audio and music, and digital future media division (Andrews, 2012). The global audience for BBC online is estimated to be 30 million (Horrocks, 2012). Guardian, on the other hand, completely embraced the online media and decided to become â€Å"a digital-first organization† in 2011 (The Guardian, 2011). The company announced that it will be posting complete material online and increase its investment in maintaining audience online as it is the future’s demand. The company is now focusing on reaching out to more people through internet and mobile phones and make efforts to improve its digital services since the entire newspaper industry has been suffering due to this major shift in use preferences (The Guardian, 2011). The guardian is presently the fifth most visited news site in the world with over 30 million online

Advantages And Disadvantages Of Globalisation

Advantages And Disadvantages Of Globalisation Job design purpose and objective is for quality, speed, dependability, flexibility, cost, health and safety. Job design is also mean by application of working principles and techniques humanization of work. This is the way of conducting their working style and working techniques. The aim of job design is to make sure and improved the job satisfaction of the company. Improved quality of product is an objective of design. New Balance Corporation is a company that stress on quality. New Balance is an athletic shoes company that mainly focus on performance rather than the outlook and style. The aim of job design is also to raise the productivity levels, challenge and responsibility of oneà ¢Ã¢â€š ¬Ã¢â€ž ¢s work. Example is the New Balance shoes come in a wide range of widths and sizes. The quality can be achieve because New Balance Company have their philosophy which is listen, learn and refine. Another method that New Balance Company uses is well-trained workers. The well train workers are train to perform different jobs and tasks. New Balance Company is creative by adapting to new technologies to shoemaking. The company also constantly give training to their employee in teamwork and technical skills so they can work by sharing and helping each other on the task to make sure everything done on time. Dependability is a job design method that New Balance Company stresses on. New Balance Corporation is a company that design and manufacture their product in the United States. Example of dependability is buyer or consumer will look into where the product is manufacture because consumer depend and trust product that are import from countries such as United States, Germany, Japan and others. Reduce employee problem is also one of the main purpose of job design. Job design is an aimed to reduce or overcoming job dissatisfaction and employee bad behaviour arising. Dissatisfaction and employee bad behaviour arising will cause the employee to make mistake. Once the employee make mistake then accident will happen and that will cause health and safety. 1.1.5 Flexibility Running shoes of new balance company is made United States. This is the culture where it produces close to the customers and also allows quick turnarounds on new design and order fulfilment. This is the flexibility of the company to fulfil the desire of customer to purchase the product. 1.1.6 Cost One of the method that New Balance Corporation is they refuse to hire superstars to endorse its product and this will also help to cut a lot of cost. Borrowing technology from apparel manufacturers is also one of the company methods. This will help the company to save money and also following the modern trend. 1.2 Globalisation Globalisation is claimed that globalization increases the economic prosperity and opportunity in the developing world. There are advantages of globalisation and also disadvantages on going global. 1.2.1 Advantages of globalisation Staying in one country is not a good method to remain competitive, so the New Balance Corporation chooses to launch a strategy to distribute all over the globe. To gain more profit is a company aims. Profit can be gain by expand their products to all over the globe. Expand the products to worldwide will be a global marketing advantage. From the global business, New Balance Company can be advertised on the internet and customers can easily view and purchase wherever and whenever they want. Advertising in the internet is a good advantage for the global business. Increased sales are for sure under the advertising in the internet. Under the global marketing, higher profits can be earn and achieve. New knowledge and experience is also an advantage under the internet global marketing. Another advantages going global is jobs been created. Once the company invested in another country, the job opportunity created. Once there are jobs for people, the economy will run smoothly. Wealth can be ob tained under the global marketing and productivity can growth wider. Wealth can be obtained means that human is going to gain money and an easier lifestyle. When going global, business will not only depend on the existing market but it will also have wide scale market. This means that new markets and producing dynamic sales can be obtain easily. The brand can consistency maintains their brand image. When the consistency in brand image is achieved, the brand will became famous and popular. This will also bring to higher sales and profit. Besides that, good ideas will be gain under going global. Good ideas can be gain from any individual in the globe and that can lead to a better design. This will help to identify what consumer needs and wants for their product. Going global will also establish good relationship between countries. After establish good relationship between countries, free trade between countries also increases. Furthermore, the flexibility of corporations to operate ac ross borders increases. This will ensure the company to run their business smoothly and without difficulties. 1.2.2 Disadvantages of globalisation Global marketing also have its disadvantages which is the difference of consumer response can be unpredictable. Some of the product might be selling fast and out of stock. Differences of consumer likes will cause the product to pile up and cannot be sold. Product that cannot be sold might go for a very cheap price and that might cause losses to the company. The disadvantage on internet marketing is when their product is promoted in the internet; they will have to compete with different type of brand and product development. Besides that, the disadvantages also include differences in consumer patterns such as needs and wants that is influence by their regional. Differences in legal concerns may also create conflict to the home market. Language barrier is a disadvantage on going global because different countries have their own languages and they might not understand English. There are also additional costs to set a website on the internet. Besides that, advertising and maintaining the website will also cost another sum of money. Another disadvantage on going global is the company will faces a lot of challenges and competitive environment. The company will face challenges from other brand that offer cheaper and quality product. Cultural problems are also a disadvantage for the globalization. This will endanger the age old cultures which have been followed religiously all over the world. There are many countries which would never agree when it comes to culture or religion. The influence of local cultures and tradition will slowly start to wear down when the migration become easy. Globalization will also increase the spread of diseases. Disease can be spread because of the increase in flow people. This will cause human to vulnerable to health issues. Conclusion is there is advantages and disadvantages of going global. http://www.newbalance.com/company/ http://www.newbalance.com/usa/#/factories http://www.buzzle.com/articles/advantages-of-globalization.html http://www.buzzle.com/articles/disadvantages-of-globalization.html

The Theme of Black Leadership in Invisible Man Essay -- Ralph Ellison,

     Ã‚   Ralph Ellison's interest in effective black leadership is directly reflected in Invisible Man. The characterization of Bledsoe in the beginning of the story is that of a ruthlessly self-serving black leader (McSweeny). In chapter five, a "mythic model" for black leadership is outlined in the eulogy of the founder of the college, which is given by Homer A. Barbee (McSweeny). While Invisible Man is residing in the apartment of Mary Rambo, she drills into his head the importance of leadership and responsibility. In chapter thirteen the anger of the crowd watching the eviction begins to rise, and as one onlooker observes that "All they need is a leader" (Ellison 274). These events lead to Invisible Man's first act of leadership when he delivers a spontaneous speech to the crowd. Invisible Man comes to realize that the fundamental problem confronting a potential black leader is the lack of an infrastructure (McSweeny). He states, "...we had no money, no intelligence apparatus, either in government, business or in labor unions; and no communications with our own people excep...