influenced by elected officials." In other words banks were to put up blinders‚ if you will‚ to stay a course‚ and focus on goals. In 1982 John Maynard Keynes was thought to be at the fore front of economic policy especially concerning the business cycle. He thought economic "booms and bust" were a result of changes in demand by consumers and businesses. Around this time Prescott and Kydland began challenging the teaching of Keynes. What they found is that broad shifts were due largely by changes
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threats] o Internal scan of the environment Explain five environmental influences on effective HR planning? How have these environmental factors influence the way human resources are planned? Shorter economic cycle ▪ Shorter economic cycles [prosper‚ recession‚ prosper‚ recession with shorter intervals] are here to stay ▪ Example: SIA competition from budget airlines such as AirAsia forces it to start their own budget carrier service recently ▪ Example:
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are as follows: Increasing Population i.e. High population growth. Recessions. Inflation. Corruption. Disability to do the job. Nepotism. Demand of highly skilled labour. Attitude towards employers. Undulations in the business cycles or agricultural sector comprising of the factors such as low production‚ natural calamities such as drought‚ famine or any natural disaster. Unsatisfied incomes or salaries of the employees. Willingness to work: Young people are not ready
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theme of this text: Changes in the macro environment affect individual firms and industries through the microeconomic factors of demand‚ production‚ cost‚ and profitability. Drawing on current business publications‚ find some updated facts for each case that support this theme. Drawing on current business publications and the two cases in this chapter it is prevalent that several changes in the macro environment have had an effect on the profitability of individual firms and industries. The text
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Toyota Trims Production Further Kwame Jarvis Effective Business Communication Dr. DiSiena TABLE OF CONTENTS Executive Summary (Abstract)…………………………………………………………………...3 Introduction………………………………………………………………………………………4 A. Statement of the Problem B. Scope or Limitations C. Procedures Body of Report……………………………………………………………………………………5 A. Background……………………………………………………………………………….5 B. Determinations of Criteria………………………………………………………………...6 C. Discussions of Findings…………………………………………………………………
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that we should be able to understand the national income accounting system‚ and to know how to distinguish between monetary and the fiscal policies. Also‚ to understand the importance of macroeconomic policy and how it has influence in the business cycle when inflation as to demonstrate knowledge in terms of the monetary and bank systems as to identifying economic progress. Briefly after that the professor went over the course requirements‚ as to our participation in class‚ completion of our
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measures to insure an Expansion which will help the economy out of an Depression and in direction of a Peak. This process is clearly defined in the business cycle as seen in fig.1. In the case of the US‚ a recession leads into a Depression which has a lot of identifying characteristics; low income‚ low output‚ low demand low business confidence‚ low Investment‚ Deflation‚ Cyclical Unemployment‚ high Government spending and low import (export Balance at Payment surplus). The characteristic
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UMEMPLOYMENT RATE ¹data from February 2014 Source: Statistics Indonesia The average unemployment rate in Indonesia based on the last 5 years (2009-2013) is 6.78%. The unemployment in Indonesia hit the highest in 2009 with 7.9%‚ and the lowest rate of unemployment was in 2012 with 6.1%. From the above graph‚ we can see that there is a decrease in unemployment rate from 2009 to 2012 falling from a rate of 7.9% in 2009 to 6.1% in 2012. This may be due to the fact the government in Indonesia‚ has
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Abstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economy’s fall into a recession‚ but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline‚ unemployment rate can rise due to less spending which can be one of the combined factors when
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labour demand‚ the more a company’s product or service the market wants‚ the higher the demand for labour to involve in the production process. The essence of strategic human resources planning is to align human resources planning organization’s business strategy. This means company cannot perform their personnel forecast solely based on the product demand because there is some other factor that will affect the product demand. Thus‚ company need to have a thorough analysis of the external environment
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