Monday, February 24, 2020

GE study case Coursework Example | Topics and Well Written Essays - 500 words

GE study case - Coursework Example Consequently, this has resulted in a high product differentiation for GE, which gives it competitive advantage over other competing firms in the industry. Most organization do not take full advantage of what the internet and radio stations has to offer in terms of reaching more customers. In the beginning, Welch was against the idea of digitization, but once he found out the advantages that came with it he fully accepted the prospect and used it to its fullest potential. In addition, digitization has helped in widespread discovery of new opportunities not only in terms of improving internal knowledge but also in relation to customer satisfaction. GE is one of the best performing companies in the 21st century. This can be attributed by the high level of performance among the employees. The employees constantly undergo training in order to ensure that they explore their skills to the fullest and give their best to the organization. In addition, the employees were free to speak their mind on the running of the organization and any improvements if necessary and if it would see them perform better. The staff in GE is highly diversified which helps in ensuring that everyone brings something new to the table. The diversity is in terms of not only culture but also age. In addition, communication is the key to success for many organization, the staff at GE are free to express any concern they may have and any areas, which the management can improve on in order to improve their performance. This is beneficial in ensuring low employee turnover, which in the end is beneficial for the organization. The overall organization structure of GE is based on a formal organizational structure, which incorporates the hierarchical system. At the very top of the structure are the shareholders, the Corporate Executive Office and the Board of Directors. In the middle, we find the Chairman and the CEO who play the role of an intermediary between

Friday, February 7, 2020

Reagan's Economic Policies Term Paper Example | Topics and Well Written Essays - 1500 words

Reagan's Economic Policies - Term Paper Example Besides, presidential policies are sometimes informed by the desire to discover new idea or to carry on the legacy of the American founders.1 Policies by respective presidential candidates greatly determine if they will win the elections or not; in other words, the electorates vote for a particular candidate based on the belief that his policies will propel America to greater heights of prosperity, as well as promoting national and international safety and security. Throughout the American history, the persons who have graced presidency have had various policies that have had positive and negative impacts to the country. It is well-known fact that these policies have been entrenched in the country’s history and defines each presidency that has existed. This paper will consider the President Ronald Reagan’s policies and actions concerning economic policies and his policies on the air traffic strike in particular. President Ronald Reagan was in office between 1981 and 198 9. He took office in 1981 in the wake of the worst recession since the Great Depression and he was determined to turn around America’s economic fortune. This desire was evident in his inaugural address where he articulated his intention to make the government work. In the address he said â€Å"In the days ahead, I will propose removing the roadblocks that have slowed our economy and reduced productivity.†2 His economic policies became so endeared within the broader America’s economic policies; these policies actually earned the tag of â€Å"Reaganomics.† These policies were aimed at attempting to change the United States economic policy’s course. The economic policies were contained under the Reagan’s Program for Economic Recovery of 1981 which had four main policy objectives: to reduce the government spending growth; to reduce regulation; to reduce inflation through the control of the growth of the money supply; and to reduce the marginal t ax rates on income from capital and labor. These policy objectives were expected to increase investment and saving, balance the budget, reduce interest rates and inflation, restore healthy financial markets, and increasing economic growth.3 It is imperative to understand the historical context that informed Reagan’s economic policy. This historical context not is critical in understanding what exactly was motivating President Reagan towards pushing for his economic policies. As it will be seen from the historical context, Reagan was consciously working within the Constitutional provisions and he was seeking to advance a particular great cause which was to rejuvenate America’s economy. Prior to the administration of President Reagan, the economy of the United States had experienced a decade of increasing inflation and unemployment which was popularly known as â€Å"stagflation.† His immediate predecessors had favoured stimulus that were resulting to money supply expansion. Reagan’s approach to stagflation that was facing the United States was to depart from his the approach used by his immediate predecessors.4 Reagan intended to reduce the growth of government. His policies was based on the supply side economics theory which states that tax cuts encourages expansion of the economy to eventually widen the tax base. To achieve this, he stated his intention of increasing defense spending while at the same time reducing taxes. He enacted lower rates of marginal tax in