Free essays on economics are academic papers written in the field of economics that are available for free to anyone who needs them. These essays cover a wide range of topics, from macroeconomics to microeconomics, international trade, finance, environmental economics, development economics, and more. They can be a useful resource for students, professionals, and anyone who wants to gain a deeper understanding of economic concepts and theories. Free essays on economics can also provide examples of academic writing and research that can help students develop their own writing and analysis skills.
Shrm and Strategic Fit
Introduction ‘Strategic human resource management (SHRM) is concerned with the development and implementation of people strategies which are integrated with corporate strategies and ensure that the culture, values and structure of the organization and the quality, motivation and commitment of its members contribute fully to the achievement of its goals’ Armstrong (1991, p. 81). While human resource management (HRM) focuses on the potential and actual productive value of ‘human resources’ (HR) to an organization success, SHRM takes a more long-run…...
Economics
The Role of Unions in Improving and Disrupting an Organization’s Culture
The Role of Unions in Improving and Disrupting an Organization’s Culture Describing and identifying the importance of abstract terms is a difficult task because their meaning rely more on substance than form. For this and other reasons, individuals as well as organizations tend to overlook or underestimate their importance for a successful career and for the effective functioning of an organization. Organizational Culture” is one of those terms, we can’t see it, but we can feel and experience it, and…...
Economics
KFC Case Analysis and Recommendations
It is of critical importance that we develop a strong understanding of KFC’s current position and of the market in which it competes. The more comprehensive and well-founded our situational analysis is, the stronger our strategic marketing plan will be. I. The character and attractiveness of the U. S. food service and fast-food industries in 1994 The fast-food industry is considered a subsection of the food service industry, or rather a submarket within a broader market. This broader industry, the…...
Economics
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Thornton’s chocolate
2.0 SWOT Analysis 2.1 Strengths 2.1.1 Manufacturing Thorntons Plc conducted their key manufacturing and selling activities in house. The ability to monitor the process of the boxed chocolate selection provides them with greater control over the manufacturing process. This has enabled them to protect the recipe of their core products. In addition, years of manufacturing in the chocolate industry has also helped to develop their manufacturing expertise. Review has also shown that Thorntons was the only possible manufacturer for 70%…...
Economics
Catering Industry in India
INTRODUCTION Catering definition This industry comprises establishments primarily engaged in providing single event-based food services. These establishments generally have equipment and vehicles to transport meals and snacks to events and/or prepare food at an off-premise site. Banquet halls with catering staff are included in this industry. Examples of events catered by establishments in this industry are graduation parties, wedding receptions, business or retirement luncheons, and trade shows. Restaurant or Foodservice definition Organizations in the Food Services and Drinking Places prepare…...
CatEconomicsFamilyHotelIndustryLife
The Relative Valuation Model
The purpose of this report is to undertake a firm valuation for Woolworths, using discounted cash flow model and the relative valuation model. This report provides information obtained through a conduct of Free Cash Flow to Firm Discount Valuation Model for Woolworths Limited (WOW), estimating the firm’s current share value. The report will then identify 3 key drivers of the firm’s value in this model; tests are performed in the report to identify the sensitivity of share value in the…...
Economics
Michael Dell And The PC Market He Created
The following sample essay on Michael Dell and history of Dell Computer Corporation. Michael S. Dell founded Dell Computer Corporation in1984. Michael Dell started the company with a thousand dollars and a vision. Today Dell Computer Corporation is one of the main manufactures of computers and computer related services in the world. "In 17 years, the company's sales have grown from $6 million to $31.8 billion for the past four quarters."1 Dell Corporation employs approximately 34,400 people globally, and has…...
Economics
Advantages and Disadvantages of Direct Selling
Advantages and Disadvantages of Direct Selling: Perspectives of Both Tourism Operators and Tourists The growth of the internet has made direct selling easier and faster for both tour operators and tourists. According to Frost (2004) the fascination with new technology has changed the way tourism providers interact and trade with their customers. The primary focus for this essay is to discuss the advantages and disadvantages of direct selling for travel and tour management. In this essay, the perspectives of both…...
Economics
The mega and task environments are external influencers to an organisation
1. Introduction The mega and task environments are external influencers to an organisation and need to be recognised, analysed and managed for the business to experience sustained success and competitive advantage in the market. These external stimuli include factors such as technological, economic and legal-political elements and customers, competitors, suppliers and employees (Bartol et al, 2003).. Organisations must look outside of their behaviour product markets only and include political and social factors, labour training and employment norms and legislation as…...
Economics
Singapore – the Way to a Global City
PREFACE Anyone who had a chance to witness a Singapore of the 1950s-the British’s colonial port and a prosperous Singapore nowadays has to admire the rise of Singaporean as well as the wise leadership of the government. There is no doubt that the city-state of Singapore represents a remarkable success story that has placed the country among the developed nations. After its independence in the mid-1960s, Singapore had no more than a deep port. There are no fresh water, no…...
Economics
Hawthorn Studies and Analysis of Group Behavior
The following sample essay on Hawthorn Studies and Analysis of Group Behavior about a study that aimed to find the relationship between the physical environment and productivity. The Hawthorn Studies took place in Western Electric Company's Hawthorne works in Chicago between 1924 and 1932. Originally setting out with the objective to find the relationship between physical environment and productivity, their conclusion was far different. Stephen P. Robbins (2000, p93) ' The Hawthorn Studies made an important contribution to our understanding…...
EmploymentHuman NatureMotivationScientific Management
Company History: Benetton Group S. p. A.
Company Perspectives: Today the Benetton Group is present in 120 countries around the world. Its core business is clothing: a group with a strong Italian character whose style, design expertise and passion are clearly seen in the United Colors of Benetton and the more fashion-oriented Sisley brands, and in sportswear brands Playlife and Killer Loop. The Group produces over 110 million garments every year, over 90% in Europe. Key Dates: 1955: Giuliana and Luciano Benetton buy their first knitting machine…...
Economics
Personnel Management vs Strategic Hrm
“Over the past decade a shift has occurred away from ideas of ‘personnel management’ towards HRM and concepts of people management” (Pass, S. & Hyde, P. , 2005) This shift has been essential, as with the globalization of the market and more competitors, firms have found it more and more difficult to gain competitive advantage. In order to adapt to this changing environment, the firm’s traditional management system evolved to a more strategic approach towards human resource management. “Strategy is…...
Economics
Wealth Management and Business Expansion Strategy
The following sample essay is about wealth management and business expansion strategy . Read the introduction, body and conclusion of the essay, scroll down. The business expansion strategy is to make advantages of their strength in intermediary businesses, such as international business settlement, agency and wealth management, then drive the development of traditional commercial banking services, so that they can attract more premier foreign and local customers. Compared with China's banks, foreign banks don't have a branch network around the…...
Banking And Finance
UBL: Pakistan’s Second Largest Bank
Executive Summary UBL is the second largest bank of Pakistan with assets of over Rs. 550 billion and a solid track record of forty six years - in addition to the convenience of over 1400 branches serving its customers throughout the country and also at several overseas locations. In this 8 weeks internship program I have worked in Regional Credit Administration Departments (MIS section, Processing section, Documentation section) of this high class bank of Pakistan where I have learned about…...
Banking And Finance
Waist-to-Hip Ratio
It can be seen that the relationship is linear between the WHR, i. e. the lower the WHR value the more attractive the image is considered to be. Whereas, the BMI the data is not linearly related and that the lower the BMI score the image seems to be unattractive and the higher the BMI score the image is also considered to be unattractive. As the BMI is not linearly related a quadratic formula had to be used in order…...
Eating DisorderNormal DistributionPerceptionRegression AnalysisScientific Method
Tata Steel Case Study Analysis
Introduction The Tata Group is a very large group of businesses that dominate markets in India. The organization has established itself as a leader in markets such as the airline industry, hotel, software, investment, and steel industry. There is a long history of corporate responsibility within the group, and it is no surprise that all Tata companies have adopted a Tata Code of Conduct as well as many international standards. Tata Steel is one of twenty-eight major corporations within the…...
Economics
Current Value Accounting
Current Value Accounting and Its Influences on Accounting Environment Wei Cui Abstract Current Value Accounting is one of the hot spots of accounting researches. Three prevailing current value accounting methods are present value method, current entry price method and current exit price method. All these methods aim at adjusting the book value of assets and liabilities so that the information will not be distorted by the changing prices. The theoretical roots of these methods are similar and they can be…...
Accounting And Finance
Analysis on China Real Estate Industry
Land bubble planted a hidden danger for the real estate bubble. Financial institutions' strong support of the real estate development create very favorable conditions for speculators, resulting in sufficient funds for housing exchange, led to further real estate bubble. Bank lending gives people good expectation for real estate. Besides speculative demand, it also stimulates people's consumption demand. People have access to get loans, and participating in purchasing house. Rising demand finally leads to price increasing. (In external business, irrational people…...
AsiaChinaCountryEconomicsIndustryReal Estate
Bmw Drives Germany
The Policy towards FDI mentioned at the start of the article by Gumbel (2007) was heavily influenced by the local economic conditions in Germany at the time. Exorbitant labour costs, unbending union rules and Administrative Policies all influenced BMW to investigate solutions for their local economic stagnation from mostly Oligopoly conditions of most companies in the saturated European Market. BMW had to find solutions elsewhere. Theory and analysis Duthmann et al. (2006) reports that Labour costs are traditionally expensive in…...
Economics
Core Values and Intercultural Management-Nestle
Core Values and Intercultural Management Sep 29,2007 00:00 by admin Core Values and Intercultural Management Case Study: Nestle In 2001, Nestle was the largest and most diversified food company in the world, with nearly 500 factories in more than 100 countries. In fact, over the period 1867–2000 it surpassed other food manufacturers and purchasers of agricultural raw materials in scale of operations. Over 230,000 people worldwide work in Nestle's factories, research laboratories and offices. In 1999 Nestle generated a total…...
BusinessCultureEmploymentLeadershipLifeManagement
Marketing Plan of Emirates Airline
Introduction With just purely two aircrafts, the Emirates airline was established in the year 1985 by the ministry of Dubai. After two decades Emirates has expanded its empire with 83 aircrafts soaring to 78 destinations in more than 55 countries worldwide. Emirates Airlines has a one of the largest number of cabin crews hailing from 95 different nationals. With such strong history Emirates Airlines are still venturing further in to the future. They have recently made orders which are worth…...
Economics
Investment in the Food Processing Industry
Few industries are as broad as the food processing industry, but Bangladesh does well on all fronts: confectionery as well as organic, frozen, and chilled foods. Our market – one of Asia’s largest – brings almost every international food player here. This strength is only expected to improve as consumption trends and the good reputation of our products promise higher future sales. For investors, too, the time is ripe. A fragmented, pre-consolidation industry allows investors access to the market, its…...
Accounting And Finance
How Charles I Attracted New Sources of Income in the 1630S
The following sample essay discusses how and how effectively Charles I attracted new sources of income in the 1630s. Read the introduction, body and conclusion of the essay, scroll down. Prior to the 1630's, conflict with Spain had left royal finances in a desperate state. Not only did Weston succeed to two million pounds of debt1 when he became Lord Treasurer in 1628, but the vast sale of crown lands to fund this war had left the monarchy unable to…...
GovernmentLawMonopolyPoliticsTax
Jetblue Ipo Pricing
An initial public offering (IPO) is defined as the first offering of shares by a private company to the public. A share is one of a finite number of equal portions of the capital of a company that entitles the shareholder to a proportion of distributed, non-reinvested profits known as dividends, and to a portion of the value of the company in case of liquidation. Shares can be either voting or non-voting, meaning that the shareholder may have the right…...
Economics
The Assumption and Limitation of CAPM
There are numerous assumptions behind the Capital Asset Pricing Model. Firstly, every single investor aims at maximising the economic utility. In other words, investors make as much as money they can. It's because different investors have different preferences for the risk. Some would have preferences for a larger risk and some for a smaller risk. Therefore, the preference of investors for risk return would be taken in to account. The second assumption is that the investors would get all available…...
Economics
Talent Management : Factors Affecting Talent Management
ABSTRACT The paper will reveal the definitions about talent, talent management and discuss factors affecting the talent management including the employee competencies and working environment. This paper finally concluded that according to experts, talent management is a vital factor towards organizational success. Choosing the right talent with the right competencies and providing the conducive working environment will lead to organization effectiveness. . 0INTRODUCTION Since a group of McKinsey consultants coined the phrase The War for Talent in the late 1990s,…...
Economics
Collusive Oligopoly
1. 0Introduction In a perfectly competitive market it is assumed that owing to presence of manybuyers and many sellers selling homogeneous products,the actions of any singlebuyer or seller has a negligible impact on the market price of product. However in reality this situation is seldom realized. Most of the time individual sellershave some degree of control over the price of their outputs. This condition is referredas imperfect competition. Barriers to entry are the factors that make it difficult for new…...
Economics
The Role of expatriation in MNC International Assignments
This assignment examines the role of expatriate staff in the success of a multinational corporation (MNC) reviewing literature on international human resource management, knowledge transfer, the benefits of employing expatriates for international assignments and cross cultural training. The literature stipulates that having experienced international staff is a principle source of competitive advantage for a multinational corporation (MNC) (Hamill, 1989; Harris and Moran, 1996; Bender and Fish, 2000; Luthans and Farner, 2002; O'Keefe, 2002; Paik et al, 2002; Vance and Paik,…...
CommunicationEmploymentHuman NatureResearch
Essay on International Trade Performance of Australia
Australian Trading Partners This Essay has been prepared to understand the International Trade Performance of Australia. The aim of this essay is making a clear picture of Australia’s contribution in the International market place discussing Australia’s trade policy, Exports and import magnitudes of Australia, the major Trading Partners of Australia in the international trade, their Annual Trade Balance indicating the reasons behind it and future movement of Australia’s international trade. Australia's Trade policy aims to create jobs by increasing the…...
Economics
Cement Industry of Pakistan
EXECUTIVE SUMMARY In Pakistan, there are more than 25 small and large cement manufacturers operating within the country producing ordinary grey Portland, white, slag and sulphate resistant varieties of cements. This industry has an oligopolistic structure because the product is homogenous. There is a cartel in the cement sector and that regulate the production of cement in the country. The cartel restricts the quota of each manufacturer to sell in the domestic market based on its market share, which in…...
Economics
Terrorism in Hospitality Industry
“Don’t turn the war on terrorism into the war on tourism” (Zemsky, 2005) The term terrorism has evolved in its meaning since it was first introduced in 1790s during the violent period following the French Revolution, to what it is now as the acts of violence or brutality intended to gain political, religious or ideological objective through intimidation and instillation of fear in the targeted population (Jenkins, 2003; Enders and Sandler, 2002). In hospitality industry, concern regarding terrorism has been…...
EconomicsHealthHealth CareHospitalHospitality IndustryIndustry
Online Financial Services
Introduction Services What are services? They are defines as concerned with performing tasks in and around households, business firms and institutions. Services industries are those domestic establishments which are providing some kind of services to businesses, governments and other organizations. FIRE, business and health services are the largest service industries. Business services include activities such as consulting, advertising, marketing and information processing. Categorizing service industries With these service industry groups, companies can be further categorized into those that involve transaction…...
Economics
Strategic Quality and Systems Management
Operations management is very importance in managing every operations in an organization. Operations refers to production, controlling, manufacturing of products and services, delivering them, etc. Operations management of an organization always aims at improvement of operations and addition of activities with great values, in to several specific techniques. It is not merely focusssing on the production and assembling of products in an organization, but it will take concern about each of the strategic business units in an organization, whether it…...
Economics
Working Paper: Category Management (CM) in Indian Marketing Context
M Scalem†, Divyanshu†† †Management Information Systems [MIS] Department, Indian Institute of Management-Calcutta (IIMC), Joka, Diamond Harbour Road, Kolkata, West Bengal State, India 700104. Email: scalem@iimcal. ac. in †† Consultant, i2 technologies India Pvt Ltd, Andheri (East), Mumbai, State of Maharashtra, India 400 096 Email: div_anshu@yahoo. com Abstract Category management has been a potent tool for transformation of retail industry worldwide, especially the US. The USP of Category management is in the fact that instead of the emphasis on brands within…...
Economics
Organisational Culture of Aldi
Executive summary In an effort to better understand one of the main important aspects of Organisational Behaviour; Organisational culture change, one of the most important aspects of the Organisation was identified for study. This report will provide an insight on the Organisational culture of Aldi, and provide a possible methodology for organisational culture change . This report therefore gives an analysis of the current culture of the organisation, referring to the present business practices and the values and ways in…...
Economics
Work and Leisure as a Totality: Stanley Parker’s Perspective
Society and Leisure – Research Essay According to Stanley Parker (1983), work and leisure should be viewed as a totality, which suggests that it is important to understand the relationship between work and leisure. Discuss how factors such as work hours, changing work patterns, diversification of occupations, and increased occupational mobility might influence society’s leisure. What will the future workforce look like? Why is it important for leisure professionals to understand the relationship between work and leisure and changing work…...
EmploymentFutureHuman NatureResearchWorkWorkforce
Differences Between Fordist And Post-Fordist Work
This essay will be examining the conceptual framework of both Fordism and Post Fordism alike. It will be examining how Fordism began, and how through many different changes, both within the industrial sector as well as Society as a whole, there was a switch to Post Fordism. It will incorporate my own experiences of working in retail, in order to demonstrate how I perceive the way in which Post Fordism is evident in the workplace, in addition to demonstrating that,…...
Economics
Human Resource Management, Wages and Salaries
Introduction Human Resource Management is a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques. Extensive training and culture management programs, individualized reward management systems, as well as a range of employee involvement mechanisms, all operate towards achieving enhanced employee contribution. It is a whole range of notions on management theory, style and practice. Perhaps most usefully…...
Economics
Product Process Matrix
The product-process matrix, developed by Hayes and Wheelwright in 1979 was designed to show the trade-offs in operations and marketing by linking product plans and process choices. The model is based on traditional trade-offs evident in a single manufacturing facility environment. The product-process matrix has been empirically tested, but improvements in operations flexibility by applying advanced technologies have caused many to question the model's continued validity. In recent years, the environment has changed significantly, with manufacturing companies offering more product…...
Economics
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