The Economy, Monetary Policy, and Monopolies Essay - 3

The Economy, Monetary Policy, and Monopolies - Essay Example ming more expensive, the dampening of consumer demand for loan products such as mortgages as well as affecting the prices of residential real estate negatively. The rise in interest rates in the last five years can be attributed to the fall or rise of the money in circulation which has been common in the United States in the recent years. Increases rates have, in turn, led to inflation in the economy (O’Sullivan, Sheffrin and Prerez, 82). Looking at the United States economic situation in the last five years in terms of inflation, interest rate and employment, questions have to be raised on what has been referred as the ‘greatest economy’. In the last five years, the interest rates in the USA have gone so low and this can be seen in the spike of the houses on sale. This condition has led to federal budget balance weakening to an extent that has never been witnessed for decades. This implies that the economy of the nation is completely off track. The rate of unemployment has rises from 4.5 % in 2007 and is now at 8.1 % (O’Sullivan, Sheffrin and Prerez, 78). High employment rates is one of the major indicators of how any economy is fairing and with the number of people actively looking for jobs increasing in the United States, the economy can be viewed as attenuating. This means that even businesses have lost the confidence of hiring employees again. In an effort to create more employment opportunities, the federal government permitted rapid credit expansion. This led to the central bank to adjust its monitory policy following increased inflation at that time. This effort slowed the money supply growth thus checking on the unemployment levels. The other step by the federal government to check on unemployment rates was through the introduction of a fiscal policy that was intended to stabilize the economy (Beardon, 18). The policy achieved this through cutting down on taxes as well as increasing spending. The policy also impacted the interest rates and the

General Managemnet Research Paper Example | Topics and Well Written Essays - 1000 words

General Managemnet - Research Paper Example Functions of Management Planning Planning in management is the manner through which a group of people, mainly the directors and other officials get together and make decisions on what should happen in future. Moreover, these officials take up the task of providing a plan for action (Kochan 165). Organizing This is the function of management where the managers and directors implement the plans set up. This involves understanding the relationships that the workers have with each other and trying to maximize the usage of available resources in an effort to attain the objectives set. Staffing Staffing is the process of analyzing job prospects for the incorporation of the best people to complete various tasks in an organization. The incorporation of these people is through recruitment and hiring of personnel. Directing The upper management of an organization looks through the various practices an organization goes through and offers the best ideas on what should be done and assigns the mo st favorable people to do so (Griffin 92). Controlling The authority in a given organization goes through the work carried out by various people in an effort to understand their progress with regard to the set goals. Motivation Motivation is important in an organization as through this, personnel get encouraged on the best way forward and work in an enthusiastic manner with a goal in mind (Lutz 24). The chart below is an illustration of all the functions of management Levels of Management There are different types of managers in a given organization and this depends on the power that each of them bears. Top Level Managers This is the highest group of managers and it consists of the board of directors and the Chief Executive Officer of the organization. This group of people has the task of controlling all the activities that take place in an organization. It is their responsibility to develop strategies for the company and mobilization of outsourced resources (Dale 125). Middle Level Managers Middle level management is the level of management in an organization that consists of department managers and branch managers. Most of the work carried out by these people is the directing of the various processes within an organization. They also serve as the link between the top and lower management. This is from the fact that when the lower management wishes to pass some information to the top management, the middle level managers have the task of going through the information and passing it on (Peter 11). Accordingly, when there is the establishment of new policies in the organization, the middle level managers have the responsibility of passing the information to the lower level managers. First Level Managers This level consists of supervisors mostly whose work is observing the manner in which the lower personnel work with the basic function of coordinating their activities and offering advice on the most appropriate way to carry out functions for the optimal success of an organization. According to Lawrence Kleiman, these managers are imperative to a company as they offer the basis for motivation and performance feedback that are vital for the success of any institution (Kleiman 78). How Management is Relative to my Dream As I was growing up, I always admired the manner in which power ran down from the top position all the way down to the lower leve