Is Neoliberalism in crisis today Essay Example | Topics and Well Written Essays - 5500 words

Is Neoliberalism in crisis today - Essay Example We find ourselves overwhelmed with grand arguments by finest economists and other intellectuals that the form of global economy that is surfacing nowadays is not only the most modern experiment in economic structure, it is, definitely, the most promising economic organisation. Global neoliberalism, the ‘extension of market-based economic integration across all local, regional and national borders’ (United Nations Environment Programme 2002: 330), will furnish humanity with the best possible means to attain eternal prosperity. Through the success of the global capitalist market economy and the resulting downfall of all structures of state planning such as communism and socialism, economic history as the competition among various economic structures will eventually end (Rapley 2004). But now neoliberalism is in crisis. This prominent form of economic organisation is now old and questionable. The flow of politics across the Third World countries or the developing world is not in favour of the traditional rules of free capital flows, deregulation, and belt-tightening. It is relatively probable the markets will reach an equilibrium, or even rally a little, but a number of major theories are up for re-evaluation (Harvey 2007). The objective of this paper is to review and discuss the so-called ‘crisis’ faced by neoliberalism today. Alternative economic structures or solutions to global neoliberalism will also be discussed. Economists might be excused for asking whether the financial crisis that hit the Asian region, which transpired in 1997 and has subsequently, expanded beyond the region, has troubled the certainty of the supporters of global neoliberalism (Berger 2003). Specifically, the Asian crisis is one of the most evident manifestations of the problems that neoliberal economic structure now faces. However, advocates of the neoclassical or neoliberal economic theory refuse to give up

To what extent employee satisfaction is an antecedent for customer Dissertation

To what extent employee satisfaction is an antecedent for customer satisfaction and loyalty among Small and medium Enterprises - Dissertation Example logy 30 3.1 Research Philosophy 32 3.1.1 Phenomenological Style or Interpretivism 33 3.1.2 Positivist Style 33 3.2 Justification for Positivism Philosophy 34 3.3 Research Approach 35 3.3.1 Deductive Research 35 3.3.2 Inductive Research 36 3.3 Characteristics of this Research 37 3.4 Research Strategy 39 3.4.1 Qualitative Methodology 41 3.4.2 Quantitative Method 42 44 3.4.3 Semi-Structured Interviews 44 3.5 Time Horizon 45 3.5.2 Cross Sectional Perspective 46 3. 6 Data Collection Method 47 3.6.1 Secondary Data Collection 47 3.6.2 Observation 48 3.6.3 Interview 48 3.6.4 Sampling 49 3.6.5 Questionnaire Survey 50 3.7 Validity Testing 50 3.7.1 Construct Validity 50 3.7.2 Internal Validity 51 3.7.3 External Validity 51 3.7.4 Reliability 52 3.8 Analysis Tools 52 3.8.1Chi Square Test 52 3.8.2Â  Weighted Average Method 53 3.8.3 Karl Pearson’s Coefficient of Correlation 53 3.8.4 Percentage Analysis 54 3.8.5 Graphs 54 3.9 Ethical Considerations 54 4.2.1 Analysis 1 63 4.2.2 Analysis 2 66 4.2.3 Analysis 3 68 4.2.4 Analysis 4 70 70 4.2.5 Analysis 5 71 4.2.6 Analysis 6 74 4.2.8 Analysis 8 81 4.2.9 Analysis 9 & 10 84 4.2.10 Summary 86 Chapter 5 Conclusion 87 5.1 SME Retail Sector-Ireland 89 5.1.1 Competitive Advantage for Retail Stores 90 5.1.2 Human Resource Challenges 90 5.1.3 Marketing Challenge 91 5.1.4 Competitive Advantage through People 92 Chapter 6 Recommendation 93 Chapter 7 Self Reflection 94 7.1 Genesis of the Research Problem 94 7.2 My Concern 95 7.3 Collecting and Analyzing Data 95 7.6 Cost Management 98 7.7 Significance of the Research 99 7.8 Understanding Knowledge of Journal and Books 100 101 Reference 102 Journals 102 Books 107 Appendices 110 Appendix 1- Interview Transcript 110 Appendix 2- Questionnaire 113 List of Figures Fig 1: Competitive Advantage 13 Fig 2: Competitive Advantage through People 16 Fig 3- Employee Satisfaction 20 Fig 4: Customer Satisfaction & Employee Satisfaction 28 Fig 5: Customer Satisfaction 29 Fig 6: Research Method 32 Fig 7: D eductive Research 36 Fig 8: Inductive Research 37 Fig 9: Research Strategy 39 Fig 10: Qualitative versus Quantitative Analysis 44Fig 11: Service Profit Matrix 63 Fig 12: Distribution for Satisfied Population in Retail Stores 64 Fig 13: Distribution of Motivated Population 69 Fig 14: Key Motivators for Satisfaction 70 Fig 15: Correlation between Employee Satisfaction and Employee Motivation 74 Fig 16: Distribution of Engaged Employees 75 Fig 17: Variation in Employee Engagement and Employee Satisfaction 78 Fig 18: Correlation between Employee Commitment and Employee Engagement 81 List of Tables Table 1: Distribution for Satisfied Population in Retail Stores 63 Table 2: Satisfaction booster most favoured by employees 66 Table 3: Weighted Average of Satisfaction Booster most favoured by Employees 67 Table 4: Distribution of Job Satisfaction Booster 68 Table 5: Key Motivators 70 Table 6: Relational Matrix for Employee Commitment and Satisfaction 73 Table 7: Distribution of Employee Enga gement 75 Table 8: Dispersion between Employee Satisfaction and Engagement 77 Table 9: Relational Matrix between Employee Engagement and Commitment 80 Table 10: Observed Value 82 Table 11: Expected Value 83 Table 12: Chi Square Analysis 84 Table 13: Impact of Customer Care Service on Customer Satisfaction (X) 85 Table 14: Impact of Employee Satisfac

The capital structure decision and the cost of capital Research Paper

The capital structure decision and the cost of capital - Research Paper Example Thus a lesser D/E ratio would be recommended for a typical company. Therefore, D/E ratio = aggregate liabilities/ shareholders’ equity A very high D/E ratio would translate to the fact that the company has been applying debt in its growth to a high extent. The resultant impact is a scenario of very volatile earnings by the company due to the marginal interest expense. If a company applied a lot of debt financing to finance additional business operations, this would result to more generation of revenues and if the revenues outdo the costs, then the shareholders would be left better of since they would earn more dividends. But it is essential to note that this is if, and only if, the earnings surpass the cost of debt. D/E ratios may also vary depending upon the industry the company is operating. For instance, a company that is highly capital intensive would have a higher D/E ratio than those who operate computer software operations. (Gibson, 2008 p260) MATTEL Mattel is a premier company for toys. It designs, manufactures as well as markets toys. The Company’s believes that PLAY is vital for the development of Children besides other benefits. These include the development of imagination and creativity, good healthy interaction and the construction of strong learning foundation among others. Most of Mattel’s business is done online. ... They say their business is global and thus, internationalized and have subsidiaries besides the parent company which is registered in the US. (mattel.com, 2011) Mattel’s gross sales are formed up as follows: 30% in Latin America, 52% in Europe, 11% in Asia Pacific and 7% in others areas. They manufacture toy products themselves as well as outsourcing from other companies. Their main manufacturing facilities are set up in Indonesia, China, Malaysia, Thailand and Mexico. Their business is also seasonal where they experience peaks during the traditionally set holiday seasons. In fact the biggest sale revenues are experienced in the 3rd and 4th quarters of their fiscal year. The risks facing Mattel are only based on non-satisfaction of clients since its business depends almost entirely on Toy business. Shifts in demand would, therefore, impact adversely on their business. Seasonality as mentioned earlier is also another risk as well as inaccurate anticipation of the trends and cul ture. Though no market beta is given on this website, it is stated in their 2010 financial reports that the business is highly dependent on market behavior, where it faces to a large extent both foreign and local market rates of interest variances that form up market financial risk. (files.shareholder.com, 2011) Mattel Company had a market beta of 1.0 as reported by smartmoney.com website as of 2011. (smartmoney.com, 2011) Due to the high levels of financial risks that Mattel as a company faces and its doing business world wide, usage of debt as a source of capital would have a very huge impact on the capitalization of the company. Therefore, the recommendation is

Cancer Spotting Googles by Dr. Samuel Achilefu Essay

Cancer Spotting Googles by Dr. Samuel Achilefu - Essay Example He has helped in creating over 41 US issued patents that mainly relate to applications of imaging and he has authored many scientific publications. With his knowledge in different molecular imaging aspects and experiences in both industry and academia, Dr. Achilefu has offered a different aspect to the management of the Molecular Imaging centers excellence. With this overview, this article will centralize on the profile of Dr. Samuel Achilefu, and touch on the role he has played in applying change strategies that have introduced positive change in the medical field especially with the Cancer Spotting Goggles. Dr. Samuel Achilefu grew up in Ida, Nigeria. While he was still a child, his parents advised him that it was only through the pursuit of a higher education that he could possibly be able to make any visible impact on the world. Since his childhood he was attracted towards the more practical aspects of science, mainly how things worked. For a while, he actually believed that solving equations could actually address all the global problems. However, it was not until he studied biology and chemistry while in college that he realized that to have a chance of actually helping people, it was necessary for him to enter the laboratory. Currently, Dr. Achilefu manages a team of 35 researchers in his laboratory that are mainly devoted to extending the optical imaging boundaries to address the needs of molecular medicine in the current world. The broad definition of optical imaging can be described as the usage of light to be able to visualize an object. A simple microscope often used in laboratories in high school classes is an example of this optical imaging technique. The modern digital imaging system is also another example since it can detect a single molecule or cell that is within the cells. Even with the extensive availability of non-optical techniques like the magnetic resonance imaging (MRI), computed

Public Health and the Law Essay Example | Topics and Well Written Essays - 500 words

Public Health and the Law - Essay Example This article will talk about this factor and also focus on a description of the laws correlated with the motor vehicle safety at the federal level and the state of Missouri. The technological advancement of the 20th century involved the motorization of the United States of America. Nowadays, there has been a more than six times increase in the quantity of drivers as compared to the past years; the number of motor vehicles has increased significantly. Road safety efforts were introduced early in the 1960s, after analysts learnt about the increased motor crashes. In 1966, the Safety act was employed to regulate the number of individuals who were mostly involved in motor accidents. After this mandate, other accident prevention mechanisms were also set up by the board that was there to ensure that they minimized the vehicle accidents on the road networks in the United States (Mashaw & Harfst, 1990). As of 1970, the rules and regulations set in the traffic industry had efficiently enabled the control of federal systems in the traffic world. The federal government depicts a substantial amount of help it endorsed to the motor vehicle safety. In Missouri, the deaths are mostly related to the road usage. According to relevant statistics, motor vehicle crashes are the main cause of these deaths. Annually, an estimated 30,000 individuals die in the state due to the effect of motor accidents (â€Å"Injury prevention and control†, 2011). Statistics prove that over $1.07 billion is the total amount that is used in Missouri annually (â€Å"Injury prevention and control†, 2011). Since these factors can be prevented, the federal company rallied for the installation of seat belts covering all sitting positions, and comprehensive and Graduated Driving Licensing for drivers (GDL). This ensured that young road users were able to be granted the opportunity of learning how the death s can be minimized after joining the other road users. In general, this act is an

Social and Economic Concerns in Public Health Essay

Social and Economic Concerns in Public Health - Essay Example Presently, the analysis of public health brings into play social and economic concerns, which were previously overlooked. Despite the expanded focus of this discipline, it has however not shifted its focus, which is the well-being of the community. Public health integrates science and art to establish methodical ways of ensuring the populations is healthy. The systematic ways may be reactive or proactive depending on the health risk or predicament that is being addressed. Modern public health undertakings entail education, which provides a platform upon which the masses and respective communities may be enlightened on how to live in a healthy way. Over the last century, public health has evolved and developed massively. One of the key milestones achieved is the increase in life expectancy. The increase in life expectancy is an indication of the improvement in the public health’s ability to address ailments, which often causes death. Some the key statistics that reflect the pro gressed realized include infant mortality, which denotes the death of children at birth or in their early years (Pfizer Global Pharmaceuticals 5). Over the last one hundred years, public health has also dealt blows to cancerous ailments such as lung cancer, which caused numerous deaths in the 1960s and 1970s. However, when delving into the milestone achieved, it is vital to look at food safety and vaccination, which are proactive ways of enhancing health in communities. Vaccination has helped deal with ailments such as polio on a global scale. Enhanced food safety has also resulted in reduced cases of ailments such as food poisoning, typhoid, and the spread of harmful pathogens that may trigger other ailments. The emergent of a global aspect in public health has necessitated opening up paradigms through which scholars study public health.  

Final Essay Example | Topics and Well Written Essays - 750 words - 3

Final - Essay Example It impacts the reserves held by banks and other institutions to lend money to corporations and households. On a larger scale, it affects the supply of reserves in the banking system, and thus the interest rates and overall growth in the economy. a) If central bank sells government bond, it takes money in exchange for the bonds. This reduces the reserves of private sector banks, and their capacity to make loans to households and corporations and thus cause money growth to decline through money multiplier mechanism. The central bank usually targets a certain level of bank reserves or a particular interest rate for these reserves. OMO allows Fed to affect the supply of reserve balances in the banking system and therefore influence short term interest rates. Given that Fed sold 1 million dollars’ worth of government securities, and that the money multiplier is 5. The reserves of banks and lending institutions to go down by $1 million, this money could have been used to give out lo ans worth $5 million (Amount X Multiplier). This is part of Fed’s tightened the monetary policy. The graph below shows how a change in the supply of money influences interest rates. The supply curve of money shows the quantity of money supplied, with all other things remaining constant. As the quantity of reserves is determined by the Fed’s monetary policy, the supply curve of money is assumed to be vertical line. ... The components of GDP include: Consumption (C) Investment (I) Government Expenditure (G) Net exports (X - M) These components are easily influenced by changes in interest rates. When interest rates are high, people do not want to borrow money through loans as it is more expensive to repay. This reduces the demand for most of the products such as cars, new houses or house renovation, large appliances, luxury goods etc. which causes the overall consumption in the economy to fall. Businesses also avoid raising money for expansion or start up through loans because the interest rates are higher. Similar is the case for government borrowing. As interest rates increase, the foreign investment will tend to rise because foreigners will get a large return on their investment. This drives up the demand for dollar and causes exchange rate to rise. As exchange rates surge, our imports will become cheaper and their demand will rise; exports will be more expensive for foreigners, so their demand wi ll fall. The graph below depicts how a change in the aggregate demand will impact price level and real GDP of the economy. The graph above shows a shift in aggregate demand curve from AD to AD’, it shows the impact on price level as prices have reduced from P to P’; the real GDP in the economy has fallen from Y to Y’. As we know that the demand for labor is a derived demand, that is, it is required only when a higher quantity of other goods is required. If the aggregate demand for goods and services in the economy goes down, a lower quantity of labor will be required to produce these goods. People who are willing and able to work will not find jobs,