Management Fad Essay Example | Topics and Well Written Essays - 2000 words

Management Fad - Essay Example Often marketing researchers have associated fads with 'craze'. It is from this definition that TQM adopts fad strategies to maximise the overall profits of their firms. According to Camerer and Knez, the fact that management fashions like Total Quality Management (TQM), organisational culture and Business Process Reengineering is due to adopting managerial tools on a temporary basis, therefore "if the job of TQM is coordinating change then, once the job is done the terminology becomes useless and should make way for a new 'fad'" (Jackson, 2001, p. 21) Therefore in order to class a management idea as a true 'fad', one must study the market and identify the target consumers. Management tools have also become increasingly influential in research practice. For example, the field of brand and marketing consultancy employs techniques deriving from ethnography, as evidenced by press coverage in the UK Sunday Times Business Section (25 August 2002, section 3, p. 8). The author has found that the world's leading advertising agencies increasingly employ interpretive techniques drawn from identifying 'fad' behaviour in their pursuit of penetrating consumer insights. (Hackley, 2003, p. 2) In circumstances where there are umpteen ... According to various researches more or less defined frequently science terms give complexity to science theories with meanings more relevant to firms. Organisation change 'fad' method leads to emergence and empowerment as a tool for management. The record over the past several decades where on one hand presents fad's reasonability, on the other hand states its weaknesses as well. In this context 'fad' is misused on the grounds of legitimacy for management ideas that do not become legitimised by resting on a foundation of high-quality research are quickly replaced by the next fad coming down the pike. (Lissack, 2002, p. 207) It is therefore not necessary that the classification is always reasonable. However it often depends upon consumer external and internal research. If for some reason an organisation has remained unable to identify consumer needs, there is a possibility that 'fad' technique fails. Whether an organisation is aimed to restructure its product or brand management or an organisation is targeted to re-brand strategies, it has to make its 'fad' effective. Therefore in order to make a 'fad' planning effective, the company needs to adopt scenario driven planning and analysis. Scenario Planning In order to put a stoppage to the declining productivity, corporate restructuring is required in the form of scenario-driven planning which acts as a new productivity source for strategy design and implementation. The best thing about scenario planning is that instead of adopting a single alternate to the problem, it lists all the possible alternative techniques and solutions. Scenario Planning or a projected sequence of events begins by identifying variables relevant to a firm's

Answering Questions Research Paper Example | Topics and Well Written Essays - 500 words - 12

Answering Questions - Research Paper Example Hogan is incredibly light in her touch in connecting these ideas, relying on the inbuilt notions of her reader more than her own prowess. Answer: Hogan’s tone is incredibly personal, and she tries to bring out the magic of her subjects to give a sense of wonder to her reader. She starts out by being incredibly personal, telling about her own life, which helps build a report and avoids any stilted formality. She then moves on, however, to connect her life to the wonders of the cosmos in the form of the voyager space craft, expanding her vocabulary and putting herself in the context of the wider universe. She thus minimizes both herself and her reader, asking them to see themselves in the context of the wonder of the universe. Answer: I think that it is a natural human impulse to put our best foot forward, and in that way we were somewhat honest to ourselves in leaving some things out. We sent this to be a craft that was supposed to demonstrate who humans want to be, the best of our capabilities, not the worst. To answer this question, ask yourself if it would be wise to tell a stranger the best and worst things about you all at once when you first meet them. In any society on the planet Earth, the answer would be a definitive no. We were being honest to who we are: people who want the universe to think well of us. Finally, putting the bad in with the good might codify the bad: make the bad okay, normal, who we

Monetary Policies in India

Monetary Policies in India Rationale The exit of monetary policy improves the economic performance. According to Damji (2012), India implements monetary policy in order to ensure the price stability in the country and to maintains sufficient flow of credit to the productive sectors of the economy. Other than that, the monetary policy can promote economic growth and balance of payment equilibrium. In addition, India uses monetary policy because of the reason to insure the unemployment in the economy is low and the income distribution among the employees is equal. The formulating and implementing of monetary policy is responsible by Reserve Bank India. By implementing monetary policy, the Reserve Bank of India can increase and decrease the supply of currency, the rise and fall of interest rate, carry out open market operations for purchase and sell of bonds, control credit and change the reserve requirements. Reserve bank of India implements both the expansionary monetary policy and contractionary policy throughout the la st decade. Among the objectives, the two main concern a country’s implements monetary policy is to promote a rapid economic growth and maintain price stability. But, that is a tradeoff between the 2 broad objectives which are price stability and economic growth. If a country’s implements monetary tightened, in consequence will caused the growth oppressed at the beginning.(Michaer 2010)However , the current framework of monetary policy can be indicate as augmented multiple indicators approach because the models feed into the growth and inflation projection. The monetary policy tools in India mainly involved the open market operation, statutory liquidity ratio (SLR) and cash reserve ratio (CRR). By implements expansionary monetary policy, India can sustain economic growth. Increase in money supply will shift the money supply curve to the right lead to a lower interest rate, a lower interest rate will result in lower cost of borrowing in which increase the consumption and investment in the economic. The increase in consumption and investment will cause the aggregate demand curve shift rightward, in the end the price level and aggregate output increased. The increased in investment speed up the output; thus, decreased the unemployment rate in India. Other than that, the reason India implements and adopts monetary policy is to insure that there would be enough credit supply to different sectors of economy. However the rising volume of credit may cause the level of inflation increasing. As a result, India thinks that the expansion of the credit might be liable in this case. But the main factor causing the high inflation is due to the supply bottlenecks. In turns, the credit expansion is useful as it can help the small scale industries and agricultures sector to help their credit situation by making an arrangement of credit supply. Besides that, since 1997, India has a view to renaissance the investment in the country. (Palle Andersen and Ramon Moreno 2005 page164) Therefore, monetary policy in India has emphasize that there would be sufficient liquidity with low and flexible interest rate. The step is easy by cutting down the Bank rate, LAF rates and the CRR .However; they must make sure the stability of macroeconomic and financial system. By improving the operational efficacy of monetary policy, reserve bank of india can develop into a technological and institutional infrastructure. In year 2012-2013, India faces considerable stress in liquidity condition due to the large amount of government cash balances maintained with the reserve bank, increase in the demand for currency, intervention in the foreign exchange market and the discrepancy between the credit off-take and deposit mobilization. Reserve bank of India cuts SLR(Statutory liquidity ratio) by 100bps in order to improve the credit and liquidity condit ions in August 2012.Between,the CRR reduce by 75 bps in September 2012.In june 2014,reserve bank India also reduce the SLR by 50bps in order to let out Rs 39000 crore of liquidity for banks.(Shetty,2014) ,The improvement in the liquidity condition in India is by the outright of open market operations. As refer to Reserve Bank India, during year 2012-2013,1.5 trillion of bonds and shares was carried out. Besides that, monetary increased the employment in a country and reduce the inequality in income and wealth. People argue that the equal in income distribution is the role of fiscal policy but economist believes that monetary policy can serve as a supplementary role to maintaining this equality. By expansionary monetary policy, which increase the credit supply could help in creating more jobs. The reserve bank of India can demand the commercial banks with the goal to enhance credit flow to employment intensive sectors such as agriculture, micro and small enterprises, as well as for affordable housing and education loans by instruct the percentage of its loans portfolios to priority areas without restriction. (Bhattacharyya, 2012) page 8.In India, the social class are normally classify into two classes, rich and poor . Rich class is said to take and advantage of the poor class. So, it’s important for India to implements the monetary policy to reduce such inequalities. The major concern of India is the inflation is rising, mainly of food items. As a result to ensure a financial stability is the most important consideration in the implements and adoptions of monetary policy. Price continuously rising during year 2005-2006 , the annual average rate of inflation stood at 4.4 per cent, increased to 5.5 per cent during year 2006-2007.In year 2008, the financial crisis ,the inflation rate went up to 12.6 per cent, which is very high due to the overheating of the economy.(Damji,2012) During the financial crisis, Reserve bank of India implements contractiondary monetary policy in order to maintain the price stability and to stabilize the inflation .By decreased the money supply, the interest rate moved up lead to the higher cost of borrowing would caused the consumption and investment to drop. As consumption and investment is the components of aggregate expenditure therefore will caused the aggregate demand curve to decrease, result in a decrease in the pr ice level and lower down the inflation rate. However, Reserve Bank of India will prevent the price rise by implements monetary policy only when the price in the economy is out of control. (Damji,2012) To maintain price stability meant that to ensure that there are not too high inflation or deflation which caused by the drop in output of inefficient of the allocation of resources. It is a low or stable inflation. (Mohanty 2010) The objective of monetary policy in India is to increase the rate of capital formation which speeds up the rate of economic growth. In order to increase the rate of capital formation, the Reserve Bank of India implements contractionary policy to encourage saving ,By implements contractionary monetary policy will lead to a rise in interest rate .The cost of borrowing is high, thus the demand of money would drop, Therefore by this policy the Reserve bank of India not only encourage people in saving as well as reduce the spending in the market which might lead to increase in price level in the economic. With the aim to maintaining a stability of the national currency, Reserve bank of India implements contractionary monetary policy to tighten liquidity in order to support rupee which had depreciate. (PTI, 2013)In year 2013, Reserve bank of India decreased the LAF(liquidity adjustment facility) from 1 percent of the total deposits to 0.5 percent each bank. As a result, the borrowed funds from the reserve bank of India being restricted. Besides decrease the LAF, another method is the reserve bank of India has required the banks to have a high average CRR (cash reserve ratio) of 99 % which beyond the earlier of 70%. In addition, this would lead to a raised of short term interest rates and the bank are now announced to sell government securities in order to raised core from open market operations. *Monetary policy in India endeavours to maintain a judicious balance between price stability, economic growth and financial stability.

Walter Lippmanns The Public Philosophy :: The Public Philosophy

Walter Lippmann's The Public Philosophy   Ã‚  Ã‚  Ã‚  Ã‚  Walter Lippmann begins his The Public Philosophy by expressing his concern for the state of the Western Liberal Democracies. The West, he writes, suffers from "a disorder from within." This disorder has its roots in the long peace between 1812 and 1914, and was further exascurbated by the great population increase of that era and the coinciding industrial revolution. The latter changed the nature of armed struggle, which in turn intensified the "democratic malady." The situation Lippmann describes is the "paralysis of governments," the inability of the state to make difficult and unpopular decisions.   Ã‚  Ã‚  Ã‚  Ã‚  This paralysis is the product of both the long peace and the great war. The period extending from Waterloo to 1914 lulled the West into believing that the age of Man's aggression had passed. Because the "hard decisions" of taxation, prohibition, and war were not often faced in these years, the Jacobin concept of the desirability of weak government was instilled in the West. When the first world war did come about, the West was unable to deal effectively with its costs. The new technologies spawned by the industrial revolution, as well as the greater populations involved, had made war infinitely more costly than in the past. Consequently, the executive aspects of Western governments were forced to "democratize" the appropriation of men and money by handing their power to the representative assemblies. The assemblies too were forced to cede their power to "the People," who channeled them to media powers and party leaders. The result was "Disastrous and revolutionary . The democracies became incapacitated to wage war for rational ends or to make a peace which would be enforced."   Ã‚  Ã‚  Ã‚  Ã‚  Lippmann holds that the major malfunction of the West is this acquisition of executive and representative powers by the masses. This is a fundamental distortion of the rights of the governed. Lippmann contends that the People have but two natural rights: to decide whether or not to by governed, and to choose who shall govern them. "This breakdown of the constitutional order is the cause of the precipitate and the catastrophic decline of Western society."   Ã‚  Ã‚  Ã‚  Ã‚  Why then, cannot a mass govern effectively?

Keith Waterhouse and Willis Hall Essay

In this film, based upon a screenplay by Keith Waterhouse and Willis Hall from a novel from Waterhouse (which written in 1959 influenced by the prevailing theme of the 1950s – the protest of the angry young men), director John Schlesinger creates the fantasized world of Billy Fisher (Tom Courtenay), a young man working at the Shadrack and Duxbury funeral parlor who dreams of becoming a great writer. Julie Christie provides some romance for the awkward clerk. Denys Coop’s cinematography effectively captures the drab life and imaginative world of Billy’s existence, lending further relevance to the film in real life. Billy is an original character whose fantasy life is funny throughout. Known to his officemates as Billy Liar because he is a compulsive liar, Fisher escapes his dour existence by creating a fantasy life as the military leader of the fictional, semi-fascist state of Ambrosia. This fantasy supplies the power and control lacking in his daily life where he feels trapped in his job at the funeral parlor. Though chronic lying is not admirable and his coldness towards his family and his fiancees is dislikable trait, still, overall, Billy is an attractive character, and we can pity him as his rather pathetic pretenses are exposed, while still seeing the justness of the exposure. Waterhouse has managed to mirror the basic nature of people: being dissatisfied with what we have and therefore devising all means to be what we dream to be. Billy Liar remains a pleasing counterpoint to the depressive movies Room at the Top (1958) and Saturday Night and Sunday Morning (1960). According to Gale (1996), this film that was originally a novel led some commentators to place Waterhouse in the Angry Young Men School. It is in some ways a study of provincial dissatisfaction. Our lives are very similar to Billy in many ways, the reality and fantasy of who we are sharply at odds. Most of us live with a family which is the quintessence of ordinariness; so we compensate by a rich fantasy life and, unfortunately, by dishonesty, much like Billy in the film. Reminiscent of Fisher’s character, we lie our way through life, not out of malice or even out of any conscious desire to cause mischief or to cause hurt to those around us, but purely because we cannot live with, or face up to the demands of, our real lives. The overall mood in the film is, however, disquieting – Fisher’s dreams include killing people, such as his parents, who place obstacles in his way. The film shows that the only real obstacle confronting Fisher is a lack of courage combined with no obvious talent. Much like in real life, we all have a secret vision of doing the unthinkable, murderous or otherwise, to people we extremely dislike. Our judgment is often clouded by anger for other people, which lead to ineffective use of our God-given talents, which in turn hinders the progress that we otherwise could have achieved easily. Despite its very British setting, the film has a universal dimension which is even more poignant in today’s Internet age. In a sense, Billy Liar is an adroit satire about a society caught between socio-economic classes. Billy Fisher’s character is therefore struggling against the limitations of his class, family and urban environment for a better opportunity to display his ability. This theme is relevant even today, as we all strive daily to move up the social and economic ladder of society, as a response to our natural trait to be forever dissatisfied. One cannot help but be fond of and relate to Billy Liar, a unique character that deeply depicts in what boils down to a humorous yet solemn and incontrovertibly influential movie. It is apparent that this film appealed and is still appealing to audiences precisely because Billy’s lack of courage, commitment and his flights of fancy are not so far removed from those of ourselves. Many of us live in dreams where we do spectacular things but given the chance we would not have the courage to accomplish them. Likewise, the film affirms that, ultimately, we must live with, rather than in opposition tom the real world, no matter how painful and uncertain the experience of that invariably will be. While on one level this film could be dismissed as a whimsical fantasy, there is a Billy Liar that exists in all of us. WORK CITED Gale, S. (1996). Encyclopedia of British Humorists: Geoffrey Chaucer to John Cleese. Philadelphia: Taylor and Francis.

Realism in Sweat Essay

In Zora Neale Hurston’s short story â€Å"Sweat† the author uses rhythm and repetition to shape her theme of survival and empowerment by simulating labored and conscious footsteps, rhythmic pounding of sledge hammers along a chain gang, and the loud beats of an anxious and overworked heart. This rhythm and repetition builds tension as Delia, the protagonist, finds within herself the strength necessary to survive and overcome the abuse with which she lives, and eventually conquering her abusive husband, Sykes, by allowing a snake’s venom to take over his blood stream, killing him. The rhythm and repetition found in the short story â€Å"Sweat† simulate the echoes of someone repeating to herself the motivational words necessary to her survival. It is the author’s use of rhythm and repetition that create detailed characters, plausible events, and the comprehensive and complex detail of banal activities of everyday life representative of realism in literature. In â€Å"Sweat,† Hurston tells the story of Delia, a middle-aged, black woman who works very hard washing clothes for white people to support her cheating, unemployed husband, Sykes, who continually berates her during bouts of physical abuse. Hurston uses accents in her rhythm to accurately and realistically simulate the sounds and actions of a washer woman bringing to life the torturous and necessary day to day activities of Delia. According to Kennedy, readers â€Å"favor a stressed syllable with a little more breath and emphasis† (429), and the author uses this technique to simulate in detail Delia’s mind and heart. True to the realism movement, Delia describes her life as, â€Å"Work and sweat, cry and sweat, pray and sweat† (233), as she works to grow beyond the poverty of her past. In reading this, one can hear Delia’s feet drag and pound, drag and pound, drag and pound. The author’s attention to detail allows the reader to hear and feel both rhythm and repetition with these phrases consisting of three words, each word being one syllable, and each phrase ending with, â€Å"and sweat. It is both the fact that Delia speaks to herself, as well as the words she uses, that inform the reader that Delia is pushing herself through the plausible life of a post Civil War washer woman in hopes for something better, and at the same time fighting for her survival. With the words â€Å"work† and â€Å"pray† the reader learns that the story’s protagonist is fighting for survival, hoping for survival, and begging her God for the assistance necessary for her survival . Delia’s life is one of begrudging hard work necessary for survival. When reading Delia’s words to her selfish husband, â€Å"Sweat, sweat, sweat† (233), the reader pictures the swinging sledgehammer of a southern slave sweating through life as he works endlessly in the heat of the sun. It is the rhythm of her words that allows the reader to envision an enslaved man swing the hammer back, up and over his head, and then come crashing down as the business end of the heavy tool connects with the rock at the very instant the reader hears Delia say, â€Å"Sweat. Despite the abolition of slavery, Delia’s life is one of servitude. Her master is Sykes. Her sledge hammer is â€Å"her knotty, muscled limbs, her harsh knuckly hands† (234). The reader feels the anxious dread of Delia as she works day in and day out at a hideous, painstaking job in order to earn the money necessary to feed herself and her husband, as she knows that the reality of her life is that she is the only person on whom she can depend to prevent her from becomin g homeless and/or dying from starvation. One begins to wonder how Delia survives the torment and abuse she receives from her husband, but she does. Delia accepts the abuse, and it strengthens her. The reader can feel and hear the rhythmic, â€Å"duh DUM, duh DUM, duh DUM,† pattern of Delia’s heart beat stronger and stronger in the author’s words, â€Å"Her tears, her sweat, her blood† (234). Her heart is tired. Her heart is overworked. Delia knows this. She feels this. She wants it to end. She works hard, and like other muscles, her heart gets stronger as it works. Delia continues to work her mind and body as endures the long, hard hours of work, as well as the physical and mental abuse of her husband. She will not succumb to the endless pain and suffering. The reader knows she is fighting in that she cries and works. One who is going to give into difficulty does not continue to work. Instead a person who wishes to give in lies down to die. Delia wants to survive. She fights for her survival everyday as she works, bleeds, cries, prays, and sweats. It is this drive to overcome that motivates Delia to continue existing in a Hell she hopes to someday escape. Hurston uses rhythm and repetition to create realistic details of the life of Delia as she shapes the theme of empowerment and survival in her short story â€Å"Sweat. † The author describes in detail the back breaking day to day reality of a Post Civil War woman as she strives with every ounce of her being to overcome the poverty of her past, and escape the bonds of slavery held by her husband.