The United States Economy As The Global Economy - 935 Words

From 2010 until the end of 2014 oil prices remained relatively constant. With very little fluctuation over these four years, the average price per barrel of oil was around 110 dollars. That price has been more than cut in half within the past year. The price for United States crude oil is now just 48 dollars a barrel, the lowest it has been since 2009 (BBC News). So what is the cause for this sudden change and to what effect will this have on the United States’ economy as well as the global economy? There are three core contributors that account for this sudden dip in oil prices. These contributors are a low demand for oil in many countries, specifically Europe, that is caused by a lack of economic growth, the increase in The United States’ oil production, and The Organization of the Petroleum Exporting Countries (OPEC) increase in oil production. With many of Europe’s economically struggling countries the increase in production of oil which in return yields lowe r prices has benefitted them. Europe’s weak economy is able to contribute to this drop in oil prices in that Europe’s currently low inflation rate and weak economy has greatly lessened the demand for oil. The lack of demand for oil in one of the most prominent import continents in the world has forced oil manufactures to lower their prices in order to retain Europe as a top oil export. Large oil exporters do not want to lose Europe as an export because that would also mean losing billions of dollars per year.Show MoreRelatedUnited States Trade Policy: Current and Future Role in a Global Economy2523 Words   |  11 PagesThe United States has for over two centuries been involved in the growing world economy. While the U.S. post revolutionary war sought to protect itself from outside influences has since the great depression and world war two looked to break trade restrictions. The United States role in the global economy has grown throughout the 20th century and as a r esult of several historical events has adopted positions of both benefactor and dependent. The United States trade policy has over time shifted fromRead MoreThe Global Economy As A Positive Sum Game1151 Words   |  5 Pagesperspective, one views the global economy as a positive-sum game. This means that everyone stands to gain from cooperation. In essence, the positive-sum perspective views the global economy as going from a smaller pie to a larger pie. Regardless of what percentage of the pie each actor receives, cooperation still increases each actors â€Å"piece of the pie.† Through cooperation, liberalists point out, actors greatly benefit. 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At the time of the Global Financial Crisis, James was the Global Head of Employment Tax for the Macquarie Group, one of Australia’s largest investmentRead MoreThe Cold War And The International Political Economy1076 Words   |  5 PagesThe International Political Economy in the 1970s The article that is going to be reflected in the following paragraphs attempts to describe the connection between the Cold War and the transfigurations of the political economy throughout that time period. In doing so, the article, â€Å"The Cold War and The International Political Economy in the 1970s†, examines various forms of scholarly literature on the topic. Often times, the Cold War and international political economy are disconnected, but thisRead MoreEurozone1735 Words   |  7 PagesOn November 1, 1993 the fate of our economy was decided. After one half of a century of waiting, the Eurozone came to a solemn existence. The once great powers of the world, the European nations, had completed a risky, and perhaps foolish, task. The world’s first regional economic system was successfully created. Now, almost two decades later, the world’s economies are on the verge of collapse, and it seems that no economy, other than the Eurozone, is at fault, due to its recent and quite carelessRead MoreAn Economic Comparison Between United Kingdom And The United States1692 Words   |  7 PagesLiterature in 1925 once said, â€Å"If all the economists were laid end to end, they would not reach a conclusion† (Mankiw, 1998: 34). Yet, an economic comparison between the United Kingdom and the United States could still be made to distinguish the country with the better economic growth performance. Important indicators when comparing economies is economic growth rate, which is a measure of the yearly rate of development rate of GDP using the market prices (Ros, 2013: 26). 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Instead, the health of the global economy is heavily reliant on the amount of effort that is put into keeping and maintaining it. How is this done? By making sure that we are all on the same page and working toward a similar goal. One of the bigger problems thatRead MoreGlobal Trade And Its Effects On The United States1046 Words   |  5 Pages In our quickly expanding global economy, how states execute trade is more important than ever. Global organizations like the International Monetary Fund are established to help the states trade and regulate trade currencies. These global organizations are not always efficient, and can lead to imbalances in trade currency. â€Å"For more than a decade, the U.S. and other countries castigated China for its currency policy, saying the yuan’s level gave the country’s exporters an unfair advantage at theRead MoreUnited Kingdom s Political And Social Relations961 Words   |  4 PagesPAPER ON UNITED KINGDOM 1. This background paper delves into a few key points on the United States’ closest ally, the United Kingdom (UK), as well as examines the US interest in the UK. It first takes a look at the political and social relations of the UK, paying special interest to its relations with the European Union (EU). Next it examines the UK’s economics and resources. It then shows US interests in the UK as they relate to the aforementioned points. 2. As the United States’ closest

Cars and Culture The Life Story of a Technology Essay

Essays on Cars and Culture: The Life Story of a Technology Essay The paper "Cars and Culture: The Life Story of a Technology" is an outstanding example of an essay on technology. At some point, the basic car innovations were considered new and advanced. However, advancement in technology allows for the production of cars that are futuristic and technologically savvy. The automotive industry, recently, has been a reflection of all that is high-tech. There has been a rapid shift from the basic commuter products, to ease, luxurious, and comfort-filled products. All these come with the advancement in the technological era (Volti, 2006). This paper will examine some of the innovations that ensure automotive advancements make the car industry a powerful force. The Global Positioning System (GPS) has been part of the automobile industry for quite some time. However, advancement in technology leads to the creation of new GPS. This ranges from the anti-theft GPS to the tracking system that monitors vehicle movement. New GPS has an automated voice to instruct one of the directions one should take. Another innovation that emanates from the automotive industry is the sync technology. Partnerships among the major corporations in the technology era and the automobile industry are ensuring individuals enjoy their automobiles (Volti, 2006). An example includes partnership between Ford and Microsoft. This sync technology enables a driver to communicate with someone, text, or listen to music through voice command. This is what is defined as hands-free technology, which encourages a driver to enjoy their vehicle's features. This is without running the risk of endangering other road users. Safety cameras are becoming a worldwide phenomenon in this indu stry. These cameras offer drivers information on oncoming traffic and pedestrians. In some instances, there is also a night vision. Motion detection is also something worth noting about these advancements (Volti, 2006). In conclusion, the advancement in technology allows for many fields to grow and develop. It is vital to note this development in the automotive industry. It has assisted the industry to grow, hence; fostering many partnerships among them. This advancement is only an assurance of what more is to come, and the future in automobiles is now (Volti, 2006).

Project Report People Contribution to Project Management

Question: Discuss about theProject Report for People Contribution to Project Management. Answer: Introduction Apart from activities in project management, individuals are very important but more specifically how the people behave and that means the project team members, stakeholders and project managers. Successful project managers do not interact with people only when a process demands they do, but build relationship with everyone involved in the project. Project managers are expected to listen to members of his/her team by seeking their opinions and ideas. Appropriate building of teams is important in ensuring project deliverables are achieved(Greatorex, 1994) . There are so many elements and characteristics of human nature that both positive and negative that a project manager will need to address. Conflicts and resistance to change in projects needs the specialty of project managers to solve or manage(Felix, 2013). In other cases excitement about using some modern technology and enthusiasm from project team members glad to have been assigned to a project will go a long way to contributing to a successful outcome even when other project deliverables are not being met . The major role of project management is not only to follow a plan about the processes but in addition to understand how team members relate and work as a team. The soft skills of a project manager are how to communicate well with team members, and seek opinions and ideas from them socially. In addition the project manager is expected to understand employees concerns as reporting project status accurately. It is about creating a team environment where everyone feels their opinion is valued and honest discussion is encouraged. Other soft skills expected of a project manager is conflict management and grievance handling (Cleland, 2013). Individual and Group Development In dealing with people both as individual and group the project team leader needs to follow the stages of team development to be able to improve people contribution to project management. A project manager needs to follow the outlined stages of team development. First a team needs to be formed which will help the people to know each other in the team. After the team is formed, the team members need to storm(Ford, 2014). This will avoid personality clashes and different opinions about the projects decision making. Next stage would be for the team to perform. This will help the team to have high trust in each other within the group and to know the weaknesses and strengths of each individual in the group. The last stage is adjourning the project. After the project has been performed it is ideal to be able to close the project after completing the objectives. Success and Failures of Different Decision Making Strategies Many projects and organizations will depend on the decisions of individual or group about strategies to be employed in Project Management. Such strategies are either positive or negative. The strategies can be successful or failure because they involve use of teams or individuals in implementing them. To ensure success of project deliverables team leaders need to organize the team to focus on the intended outcome(J H. , 2016). In that process the project manager will have to bear with any costs that might arise in the process. Better decision making by both parties can contribute to project success. Many organization employ participative type of approach in various project activities. The approach is known to have benefits to both the project team and the project. Creativity and innovation is encouraged when a project leader decides that team members participate in project decision making process. In addition the participative approach is a motivating factor where employees will feel wanted and will increase productivity (Grindle, 2014). A good case of employees engaged in decision making is the case of Ford Company in which it was in the verge of collapse when there was a turnaround by the CEO decisions. The decisions made by Ford team members and CEO illustrates the power of explicitly delineating a companys critical decisions. In 2006 after change over when Alan Mulally became CEO, the company changed drastically. Brainstorming was done by all employees to come up with solutions. Employees were further rewarded for any additional effort brought to the company (Jeff Ericksen, 2014). The CEO and his team mutually outlined the critical decisions that were critical to a turnaround of the organization. Fixing the companys processes and restoring profitability focused on a schematic representing Fords critical decisions. It indicated out the key decisions that needed to be made at each stage in Fords value chain, along with the infrastructure required to execute them effectively. They dissociated noncore brands such as Aston Martin, Jaguar, Land Rover, and Volvo; reduced the number of production platforms; began combining both suppliers and dealers; and so on (J H. , 2016). They also reorganized the company, moving from a structure based on regional business units to a global matrix of functions and geographies. This new structure enabled Mulallys team to make its most important decisions better and faster creating global car platforms, for instance, which had been painfully difficult under the old structure. Set in this context, the decision making strategies made perfect sense and helped restore the company to profitability in early 2010 and became a success (Pinto, 2014) Small, routine decisions need to be made because they cumulatively have a significant impact on the company of project decisions. Amazons continuing success can be attributed partly to a host of savvy merchandising decisions, including those related to special prices and shipping discounts, suggestions for complementary purchases, and targeted e-mail notices about new offerings (Rickards, 2013). None of these decisions carries much value in any one instance. Cumulatively, however, they can mean the difference between success and failure due to strategic decisions made by group in shaping the organization (Thamhain, 2014). Another success case of team development strategies is that of British Gas, a division of the multinational energy and utility company Centrica. In 2006, faced with a serious performance crisis, the companys new leadership team started looking at the sources of value in its business(Thamhain, 2014). Managers began examining its internal environment. They discovered that performance of team is based on employee development. It reported that employees need to be trained either off or in training to increase their contribution and efforts. They urgently made strategic decisions that helped the company retain these customers, such trainings as how to handle home moves and how best to offer additional services, were most important for this segment (Tiwana, 2014). There are numerous reasons for the failure and success to individual and team decision making in projects (Beecham, 2013). The success and failures of the decision making in the projects depends on the team core values that involve proper coordination, teamwork, resource investigation, project monitoring, evaluation, implementation and lastly completion. When such values are implemented in projects, they become a success due to the decisions made (Verma, 2015). Building Goal Oriented Structure All complex projects must be broken down into manageable work packages in ensuring team responsibilities and roles are assigned and accomplished. A good way to determine what the important decisions are in your company is to look at the sources of value in your business and then organize the macrostructure around them. Project with clear goals and objectives communicated to team members will effectively contribute to easier management. This is the case made in British Gas which managed the performance by defining its goal and communicating to employees, the changeover lead to more awareness among the team and increase production (Cleland, 2013). The decision making goal oriented strategies have become a success because the team leaders and members know what they need to accomplish, and the best way to accomplish them. This is the case in Ford in which the CEO and the team saw that the people who were best equipped to make decisions had to get too many approvals from higher-ups or from regional heads, which delayed execution so they made the urgent decision (Felix, 2013). Reecomendations To be able to improve the people contribution to project management the following needs to be examined by the team leaders. Understand the end goal. If team members are able to understand the end goal they will be working effectively to accomplish it. They will also work as a team in accomplishing one common goal, thus avoiding conflicts, and misunderstanding. Identify clear roles. A well define responsibility and task matrix is useful to individuals and team members in understanding what to be accomplished. Effectively each member will be working to ensure his/her task is completed. The responsibility is also critical promoting transparency and accountability. Employees feel motivated from work allocated thus increasing productivity. Collaborate. Team work is one of the core values of a successful project. To ensure team work project managers will need to organize team building events, forums, discussions and joint meetings. Such initiatives will encourage both teams to work in unison towards one objective. The project manager will need to look for initiatives that will promote collaboration among team members (Ford, 2014). Communicate. Coming up with a communication plan is critical in project management. Effective communication will facilitate decision making, sharing of ideas and opinions. A good communication channel reduces conflicts, barriers that would have arisen. Meetings are the best avenues where communication can be done effectively (G, 2014) Project team will need to outline a communication log indicating the mode of communication, frequency of communication, and those to be communicated too. Conclusion Project management involves better use of human resources to accomplish the required project deliverables. Human resources in projects constitute team members who can be both operative and technically oriented. To tap contributions of project team, a project manager will need to employ participative techniques and strategies. Employment of participative approaches is critical in success of a project. Involve team members in decision making and problem solving in all project functions that will increase their contributions towards the project. Reference Lists Cleland, D. A., 2013. Project management handbook. New York, United States: Van Nostrand Reinhold. Felix, D., 2013,. Composition of a Successful Management Team: How Much and What Kind of Experience Makes a Difference? The Journal of Private Equity,, 1(1), 33-36. Ford, C., 2014. A Time for Everything: How the Timing of Novel Contributions Influences Project Team Outcomes. Journal of Organizational Behavior, 25(2), 279-292. . Gerald, H., 2014. Facilitating project team learning and contributions to organizational knowledge. . Creativity and Innovation Management, 10(3), 23=68. Greatorex, M. A., 1994. "Modeling consumer risk reduction preferences. Journal of Consumer Marketing, 15(4), 2-56. Grindle. P.,2014. Administrative Team Management: Four Essential Components. The Clearing House,, 56(1), 29-33. Hurwitz, M., Hurwitz, S. 2013. Personal, Team, and Organizational Development. In Leadership is Half the Story: A Fresh Look at Followership, Leadership, and Collaboration . University of Toronto Press, 10(4), 23-78. Herenith, J., 2016. Managing the team. In Fundamentals of Project Management. New York, Atlanta: Amacom Division of American Management Association International. Herenith J., 2016. The project manager leader. In fundamentals of project Management. New York: Adventure works press. Herenith, J., 2016. The Top Management Team: Key to Strategic Success. California Management Review, 80(1), 67-134. Jeff Ericksen, . D., 2014. Right from the Start: Exploring the Effects of Early Team Events on Subsequent Project Team Development and Performance. Organization Science, 11(1), 56-67. Pinto, M. A., 2014. Project team communication and crossà ¢Ã¢â€š ¬Ã‚ functional cooperation in new program development. Journal of product innovation management, 7(3), 200-278. Rickards, T. A. 2013. Creative leadership processes in project team development: an alternative to Tuckman's stage model. British journal of Management, 11(4), 23-46. Thamhain, H., 2014. Team building in project management. New York, United States: John Wiley Sons, Inc. Tiwana, A., 2014. The knowledge management toolkit: practical techniques for building a knowledge management system. Toronto, United states: Prentice Hall publishers. Verma, V., 2015. The human aspects of project management-managing the project team. journal of adventure works monthly, 3(1), 34-78.

Issues in Medical Ethics free essay sample

An examination of the social, psychological and ethical issues concerned with death. This paper looks at issues of death and the medical ethics involved . The author examines the phenomena of comas and brain death and the moral and ethical dilemmas concerned. Looking back throughout the history of medicine, there was a time when people believed that death occurred when the heart stopped and breathing ceased. Cessation of respiration was often determined by placing a feather beneath the nose of the patient where it would move with the slightest breath. A doctor simply placed their ear on the patients chest and listened for a heartbeat to determine if the person was still alive. However, since little was known about states of limited or nonexistent consciousness in which a heartbeat was undetectable to the human ear, some people were buried alive. Tragedies like this made it clear that new methods were needed to determine when a person was considered dead. We will write a custom essay sample on Issues in Medical Ethics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page