Top executives and members of a corporation’s board of directors have different roles and responsibilities. Traditionally, executives have been responsible for determining the firm’s strategic direction and implementing strategies to achieve it, whereas the board of directors has been responsible for monitoring and controlling managerial decisions and actions. Some argue that boards should become more involved with the formulation of a firm’s strategies. How would the board’s increased involvement in the selection of strategies affect a firm’s strategic competitiveness? What evidence you offer to support their position?
Day: August 18, 2020
Find a current event in the past 1-2 years in which a business failed to protect consumers.
Post your URL link. Provide the name of the company & the issue. Do your findings change the way you will support the company in the future?
Respond to at least one of your classmates – how do you think the company your classmate selected could improve its CSR?
How Cultural Difference Affects Projects
COLLAPSE
The contrast between culture has greatly impacted the flow of activities of a project therefore, affecting the results of the project. There are many ways in which peoples customs have interfered or assisted with their work or tasks and these ways will be explained in this essay. For one, the difference in culture brings about the obtrusion of the communication process. Culture comprises language, beliefs and practices which differ from other people. Hence, a certain culture will have its own language and this will not be understood by an individual from another culture. Therefore there will be difficulty in communicating. For example, as an international student from China, it might be difficult to converse with another student from another part of the world and especially one who does not understand English. This will make my project strenuous and negatively affect the end results.
Another effect that tradition distinction has on a project is that it increases the performance level of a multicultural group working on a project. A team consisting of individuals from different cultures will learn how to deal with ethnic or semantic barriers and this strengthens their cooperation and enable them to deal with other parties efficiently. For instance, when conducting a school project, I was paired with people from different cultural backgrounds. We learnt to associate together and relate to each others ways of living and languages. This came in handy for our project since we were able to include the right point of view for various cultures and thus submitted an accurate project.
In addition, customs and traditions hinder the human resource department processes like hiring of employees. Studies carried out in Latin America and Africa showed that these countries barely hired local professionals since their profiles lacked in a certain sector particularly their education section which was considered insufficient. This will most definitely affect a project due to the minimum workforce. If they employ these individuals, then they will have to train them and these might cause delays and negatively affect the deadline of the projects. As an international student from China, my culture has made it difficult for me to get hired in some organizations since they do not agree with some aspects of my culture and imply that it will obstruct their activities or policies(Rodrigues & Sbragia, 2013, p. xx).
References.
Rodrigues, I., & Sbragia, R. (2013). The cultural challenges of managing global project teams: A study of Brazilian multinationals. Journal of technology management & innovation, 8, 7-8. doi:10.4067/s0718-27242013000300004
Please read the article I wrote and answer the following questions
Studies carried out in Latin America and Africa showed that these countries barely hired local professionals since their profiles lacked in a certain sector particularly their education section which was considered insufficient.
Question
as you stated training costs money..as a result the problem continues and is simply perpetuated..should companies look aboard to perform these tasks?..and if so what are the benefits?
I have uploaded the instructions, as well as a PowerPoint and handout to help. This is the last paper in a series of four. I have uploaded the other three papers to make sure continuity flows.
I need a minimum of 4-5 references. Some of them must be peer-reviewed journals
This assignment is aligned to this course outcome:
Apply macroeconomic concepts to current and personal economic events and decisions.
In addition to writing about macroeconomic concepts, it’s equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team. An example final report and optional template are provided below.
For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or you can select another industry such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below:
GDP growth
Unemployment rates
Inflation rates
Interest rates
Imports and exports
Government fiscal policy and issues related to taxation, government spending, and budget deficits
FED (central bank) monetary policy and issues related to the FEDs mission to stabilize the economy
Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you:
1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry.
2. Assess your selected industrys relative size and growth rate in the economy.
These macroeconomic resources will help you find the size and growth rate of your industry in the U.S. economy and/or relative to GDP:
Real GDP Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
% Change in Real GDP Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
GDP by Industry Steps:
1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Real Gross Output by Industry (A) (Q).”
6. Select Quarterly or Annual.
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).
% Change in GDP by Industry – Steps:
1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).”
6. Select Quarterly or Annual.
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).
3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why its important and how it might impact your selected industry.
These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.Youll use one or more depending on the macroeconomic indicator selected.
Unemployment rates Data is from Bureau of Labor Statistics (bls.gov).
Inflation rates as measured by the Consumer Price Index (CPI). Data is from Bureau of Labor Statistics (bls.gov).
% Change in Real Exports and Imports – Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.) Data is from Bureau of Economic Analysis (bea.gov).
Government receipts, expenditures, and savings Select Section 3, then table 3.1 for total government and table for 3.2 for federal government. (Select MODIFY to change the year range and frequency.) Data is from the Bureau of Economic Analysis (bea.gov).
FED Funds Interest Rates. Data is from Trading Economics (tradingeconomics.com).
4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.
5. Summarize how you think this industry will perform in the future. Provide support for your rationale.
6. This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: Youll be prompted to enter your Blackboard login credentials to view these standards.)
Your brief should include a cover page.
Your brief should be a minimum of two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
Your report should include a minimum of two (2) references/citations in the text.
https://apps.bea.gov/iTable/iTable.cfm?isuri=1&reqid=19&step=2&0=survey
https://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2017
https://apps.bea.gov/iTable/iTable.cfm?isuri=1&reqid=19&step=2&0=survey
https://www.bea.gov/data/gdp/gdp-industry
https://data.bls.gov/timeseries/LNS14000000
https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths
This assignment is aligned to this course outcome:
Apply macroeconomic concepts to current and personal economic events and decisions.
In addition to writing about macroeconomic concepts, it’s equally important to be able to convey your understanding of these concepts by communicating them to others. In the workplace you might do this by writing briefs (like you did for Assignment 1), creating presentations, or writing reports for your manager or team. An example final report and optional template are provided below.
For this Final Report assignment, you can build off your previous economic brief and selected industry from Assignment 1, or you can select another industry such as Finance and Insurance, Health Care, or Manufacturing, and examine one of the macroeconomic indicators or policies below:
GDP growth
Unemployment rates
Inflation rates
Interest rates
Imports and exports
Government fiscal policy and issues related to taxation, government spending, and budget deficits
FED (central bank) monetary policy and issues related to the FEDs mission to stabilize the economy
Use Microsoft Word to prepare a Final Report that is a minimum of two to three (2-3) pages long in which you:
1. Introduce your selected industry with a brief one-paragraph introduction. Refer to the NAICS (North American Industry Classification System) to review the details about your industry.
2. Assess your selected industrys relative size and growth rate in the economy.
These macroeconomic resources will help you find the size and growth rate of your industry in the U.S. economy and/or relative to GDP:
Real GDP Select Section 1, then table 1.1.6 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
% Change in Real GDP Select Section 1, then table 1.1.1 (select MODIFY to change the year range and frequency). Data is from Bureau of Economic Analysis (bea.gov).
GDP by Industry Steps:
1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Real Gross Output by Industry (A) (Q).”
6. Select Quarterly or Annual.
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).
% Change in GDP by Industry – Steps:
1. Select “Interactive Data.”
2. Select “Industry Data Tables.”
3. Select “Begin Using the Data.”
4. Select “Gross Output by Industry.”
5. Select “Percent Changes in Chain-Type Quantity Indexes for Gross Output by Industry (A) (Q).”
6. Select Quarterly or Annual.
7. Select “Next Step.” Data is from Bureau of Economic Analysis (bea.gov).
3. Identify one newsworthy macroeconomic indicator or policy (e.g., GDP, unemployment, inflation rates, interest rates, government taxation and spending decisions, and/or FED decisions) that the industry should monitor and explain why its important and how it might impact your selected industry.
These resources are available to help you measure and track macroeconomic indicators and outcomes of macroeconomic policies.Youll use one or more depending on the macroeconomic indicator selected.
Unemployment rates Data is from Bureau of Labor Statistics (bls.gov).
Inflation rates as measured by the Consumer Price Index (CPI). Data is from Bureau of Labor Statistics (bls.gov).
% Change in Real Exports and Imports – Select Section 4, then table 4.2.1. (Select MODIFY to change the year range and frequency.) Data is from Bureau of Economic Analysis (bea.gov).
Government receipts, expenditures, and savings Select Section 3, then table 3.1 for total government and table for 3.2 for federal government. (Select MODIFY to change the year range and frequency.) Data is from the Bureau of Economic Analysis (bea.gov).
FED Funds Interest Rates. Data is from Trading Economics (tradingeconomics.com).
4. Describe a recent trend in the macroeconomic indicator or policy. Include a graph, chart, or table that illustrates the observed trend.
5. Summarize how you think this industry will perform in the future. Provide support for your rationale.
6. This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: Youll be prompted to enter your Blackboard login credentials to view these standards.)
Your brief should include a cover page.
Your brief should be a minimum of two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
Your report should include a minimum of two (2) references/citations in the text.
https://apps.bea.gov/iTable/iTable.cfm?isuri=1&reqid=19&step=2&0=survey
https://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2017
https://apps.bea.gov/iTable/iTable.cfm?isuri=1&reqid=19&step=2&0=survey
https://www.bea.gov/data/gdp/gdp-industry
https://data.bls.gov/timeseries/LNS14000000
https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths
this is a knowledge and media class the source that you need to analysis are on the bottom and the topic is about COVID-19 the rest of the information you need is in the document. Here are the two media sources and the to scholar sources are in pdf format you must have to use theses sources
https://youtu.be/4fzc7Sx7cMY
https://edmonton.ctvnews.ca/video?clipId=1936714&cache=yes%2F5-things-to-know-forfriday-november-15-2019-1.4687011
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our recent economic growth has brought unemployment down to historically low levels.
Do you think that the tax cuts of the Tax Cuts and Jobs Act will increase economic growth and taxable income so much that tax revenue will increase?
Or do you think that the tax cuts will reduce tax revenue? Explain your answers.
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our recent economic growth has brought unemployment down to historically low levels.
Do you think that the tax cuts of the Tax Cuts and Jobs Act will increase economic growth and taxable income so much that tax revenue will increase?
Or do you think that the tax cuts will reduce tax revenue? Explain your answers.
There has been discussion about whether the Tax Cuts and Jobs Act that took effect in 2018 will increase tax revenue. Tax revenue can be thought of an as average tax rate multiplied by taxable income. If the average tax rate falls while taxable income stays the same, tax revenue will fall. But what if the tax cuts increase taxable income? Both of the major schools of thought in macroeconomics (Keynesians and Neoclassicals) believe that tax cuts increase economic growth. Economic growth increases taxable income. Our recent economic growth has brought unemployment down to historically low levels.
Do you think that the tax cuts of the Tax Cuts and Jobs Act will increase economic growth and taxable income so much that tax revenue will increase?
Or do you think that the tax cuts will reduce tax revenue? Explain your answers.
