GB540:01 Economics for Global Decision Makers Week 3-Unit 3 Dr. Barbara-Leigh Tonelli May 15 2012 I. Introduction II. Competition for talent A. Recruiting III. Utilizing talent A. Cost B. Fit or fire IV. Ability to find talent A. Steps B. Actions V. Ability to attract talent A. Benefits B. Reputation VI. Ability to retain talent A. Communication B. Opportunities VII
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billion for 2010 and an increase of operating revenue of 16% to $9.5 billion of which 70% was sales generated outside of the United States (Company Fact Sheet‚ 2011). The company has won many awards for advertising‚ packaging innovation and even had an outstanding turnout of tourists at the World of Coke Museum and headquarters in Atlanta. Economic‚ Social‚ and Political Force Effects Within the past 125 years many economic‚ social and political
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UNIT 1 ASSIGNMENT PREPARED FOR PREPARED BY COURSE: GB 540 ECONOMIC FOR GLOBAL DECISION MAKERS DATE: MAY 01‚ 2012 Answer#1 Production Possibilities of T-shirts and Knitting machines ............................... Production Alternative.. Type of Product A B C D E ....................................................................... T-shirts 0 1 2 3 4
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Economic Systems The way a country’s resources are owned and the way that country takes decisions as to what to produce‚ how much to produce and how to distribute what has been produced determine the type of economic system that particular country practises. 1. MARKET ECONOMY (also called FREE ENTERPRISE ECONOMIES or CAPITALIST ECONOMY) 2. CENTRALLY – PLANNED or CONTROLLED ECONOMY 3. MIXED ECONOMY 1. MARKET ECONOMY in comparison to 2. PLANNED ECONOMY e.g. USA‚ Japan Private firms
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Every country has the difficult decision of how to support their people‚ including their wants and needs; they do so by picking a specific economic system. There are four completely different types of economic systems; traditional‚ command‚ market‚ and mixed economies. “Most countries have a mix of three different types of economic systems”.(Clayton 55) India is a worthy example of mixing the three main economic systems by combining elements of a traditional‚ command‚ and market economy. (Clayton
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3 Major Economic Systems Economic Systems: There are 3 major mainstream economic systems‚ and they are: 1) Market economy 2) Mixed economy 3) Command economy. The distinction between them stems from their approach to answering the 3 basic economic questions: 1) What to produce? 2) How to produce it? 3) How to distribute it? ❖ Market economy: o All economic resources are owned by the people. o They decide how and where to channelize those resources. o The market forces of demand
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Globally‚ compared with command economy‚ market economy has proved more successful in raising living standard‚ economic growth and economic efficiency. Here comes the question that to what extent shall we move from planned economy to market economy. Market economy is an economic system‚ which resolves the basic economic problem mainly through the market mechanism and limit government role. It relies on the profit motive and consumer sovereignty. In contrast‚ in a command economy‚ resources are allocated
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Economic System The 3 Types of Economic Systems - Centrally planned economy - Mixed economy - Market economy Centrally planned economy System in which a nation’s resources are owned by the government. Came from the ideology that the welfare of the group is more important than individual well being‚ the idea came from Karl Marx. The decline of Centrally planned economies was in the 1980’s nations began to dismantle communist central planning in favor of market based economy. Mixed economy
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Introduction Economic systems are organized way in which a state or nation allocates its resources and apportions goods and services in the national community. An economic system is slackly defined as country’s plan for its services‚ goods produced‚ and the exact way in which its economic plan is carried out. There are three types of economic systems exist‚ they are command economy‚ market economy‚ and mixed economy. Command economy is also sometimes called planned economy. The expectations
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An economic system in which economic decisions are made by the state or government rather than by the interaction between consumers and businesses. Unlike a market economy in which production decisions are made by private citizens and business owners‚ a centrally planned economy seeks to control what is produced and how resources are distributed and used. The production of goods and services is undertaken by state-owned enterprises. Centrally planned economies assume that the market does not work
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