The Greek Debt Crisis was caused by both internal and external factors. The heavy government spending such as the workers being entitled to an additional month’s pay in December to help with the holiday expenses, lead to dramatic increase in borrowing requirements and high levels of accumulated public debt. Due to low productivity, gradually reducing competition and increase tax evasion,...
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Measuring the capital at risk in the portfolio investment under the extreme scenario plays a vital role to enable the traders to foreseen the potential maximum capital loss at a particular time frame. The Value-at-Risk (VaR) is extensively adopted by the numerous financial institutions, investors and creditors as a risk assessment method to measure the maximum capital loss to an...
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Introduction Opportunity cost is a fundamental concept in economics that plays a critical role in business decision-making. It refers to the benefits a person, investor, or business misses out on when choosing one alternative over another. This concept is pivotal in ensuring that limited resources—like time, money, and labor—are allocated efficiently to maximize potential returns. In business, opportunity cost is...
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Preparing for the worst is essential to running a successful food business. Before anyone can open the doors to a new business, it is imperative to reduce the likelihood of a serious accident or a liability lawsuit by conducting a restaurant risk analysis. A comprehensive risk management plan can reduce the likelihood of these risks because every business endeavor comes...
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Organization which need to develop a L&D strategy, requires to get involved with a range of organization’s stakeholders to ensure the strategy is aligned with organizational objectives and priorities. When it comes to management and leadership development strategies, Organizations have a variety of choices to make which range from formal to the informal, and from those that are organization-directed to...
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Leadership is something that many aspire to, but few achieve in full measure. It has been defined as being a combination of charisma, integrity, determination, flexibility, resourcefulness, creativity, self-confidence, a sense of responsibility, the ability to communicate, and consistency. George Washington had all these qualities, and it is therefore somewhat ironic that although he was truly a great leader, he...
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Clean, fresh water is a valuable natural resource that ensures the survivability of the nation. Despite having 6% of the world’s water resources, Indonesia’s management and environmental policies have not only been raising concerns but also pushed the country to the brink of water crisis (“Indonesia’s water and sanitation crisis”). In their 2019 study, Rahim and Soeprobowati aimed at finding...
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The downstream oil and gas industry has faced an extremely difficult challenge over the past few years from 2015 to 2017. How were companies in this industry going to survive while the average selling price for a barrel of oil was twenty dollars, and the business models for many oilfield companies had been built on selling barrels of oil at...
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Introduction In the contemporary landscape of organizational development and strategic planning, the intersection of generation games and risk management has emerged as a fascinating area of study. Generation games, often portrayed through interactive simulations and strategic planning exercises, play a pivotal role in understanding the dynamics of decision-making across different age cohorts. These games serve as a microcosm of real-world...
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Every day we are faced with the obstacle of making choices that range from what delicious recipe to make to what career path would be the best for my future. Each choice that we make has an opportunity cost and either takes an economic toll on us or reaps a reward. Our lives are constantly influenced by economic trends such...
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This is a question that inevitably arises in the mind of anyone who studies, even on a casual basis, the founding of our nation. Washington lived and worked with brilliant philosophers, thinkers, writers, orators and organizers, such as Franklin, Mason, John and Sam Adams, Jefferson, Patrick Henry, Hamilton, Madison, Dickinson, the Randolphs and the Lees, almost all of whom were...
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Burger King’s communication objective is to increase the company’s sales by targeting the super fan customers who happens to be young men. These activities are also geared towards ensuring shareholders’ satisfaction, in addition to increasing the company’s share value. To achieve these communication objectives, the organization has put in place plans to communicate and promote products to its target customers....
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Introduction Strategic Human Resource Management (SHRM) has evolved as a significant dimension in the landscape of organizational management, emphasizing the alignment of human resource policies and practices with the strategic goals of organizations. The central tenet of SHRM is to foster a proactive and integrated approach in leveraging human capital to gain a competitive edge. However, this strategic alignment is...
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The idea of Economics is present everywhere in our society. Through our lives, the things around us directly relate to our economy. Music is one of the many areas that play a large role in our lives. For me, the song “Opportunity Cost” by G-Eazy is solely about economics and the way that we need to learn how to balance...
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Fashion has become incredibly fast-paced. The ability to mass-produce numerous articles of clothing and make them available and affordable to the general populace has increased consumerist tendencies across the globe. Changing clothes every season has become the norm for upper and middle-class customers. As such, the most successful fashion retailers need to be capable of adjusting their selection of goods...
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Fast fashion is a term that is used to describe a new trend in the fashion industry that is characterized by high speed and low prices in order to provide customers with popular collections that reflect celebrity styles and catwalk presentations. Manufacturers are able to reduce costs by cutting environmental corners. Therefore, fast fashion has many downsides. The most noticeable...
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The main focus of this case study is to deepen our knowledge regarding the implementation of strategic leadership and change management in a diverse company based in Indonesia, where diversity is still an issue. This case study will discuss the manager’s experience of the company’s strategic leadership process and his change management interpretation and how effective it has been for...
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Oriental carpets are works of art –unique and exquisite – worthy of collections. But when it comes to buying oriental rugs, most people shy away or hesitate. It’s difficult to judge its quality and they can never know whether they are being ripped off or their purchase is really worth it. There simply is not one single factor determining the...
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Characteristic of global trade[edit]Trading globally gives consumers and countries the opportunity to be exposed to new markets and products. Almost every kind of product can be found in the international market: food, clothes, spare parts, oil, jewelry, wine, stocks, currencies, and water. Services are also traded: tourism, banking, consulting, and transportation. A product that is sold to the global market...
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Feeling thirsty or hungry can impact a person’s driving performance. It affects both the driver’s focus and mood, especially in heavy traffic. But just like how cars need to fuel up before a drive, our body also needs a fill. This inspired American fast food restaurant company Burger King to use the Internet of Things to target drivers who are...
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Leadership is described as being a person who has the ability to have people follow them. There are many characteristics for being a leader or holding a leadership role. In order to be a good leader one must be able to be trusted. They must also be a person who is a visionary and knows when to be & not...
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Introduction Hurricanes, also known as tropical cyclones, represent one of nature's most formidable and complex meteorological phenomena. Characterized by their swirling winds, torrential rains, and powerful storm surges, these systems can cause widespread devastation and pose significant challenges to societies worldwide. Understanding how hurricanes work is crucial for developing effective mitigation strategies and improving forecasting methods. This report delves into...
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Environment consists of air, water, earth, flora fauna, human beings, their activities, trees and plants. Environmer sustains and supports our life. All the elements of environment ar life supporting. Hence arises the question of protection of ou environment. Environment is a very complex and comprehensive phenomenon. Minerals, climate, geography, geology etc are it: integral parts. Causes of pollution: There are...
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In the ancient times, women were not allowed to even get education. Their role was purely to look after home. Their world was limited to their families. But then, the people slowly started recognizing the importance of education for women. And today, we find many highly educated women. They are progressing in real sense because in almost all sectors we...
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Coca-Cola Company is one of the top American multinational corporations known for its soft drink franchise. It is renowned for its highly marketed product, Coke which can be easily found in any grocery store, fast-food chain, or online website. As consumers, the accessibility and affordability of this product are taken for granted hence the commercialization process is overlooked. To retain...
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This chapter explains the background of the study, statement of the problem, objectives of the study, research questions, significance of the study, research hypotheses, scope of the study, limitations of the study and definitions used in the study. Malawi and Bader (2010) pointed out that investment is considered to be an important factor in economic growth. One of the prospective...
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Major online retailers have held their positions for many years. Each of them has its own secret to success, but there is one thing they have in common: trust on the part of customers. It is built as a result of constant interaction with the audience and receiving feedback, which increases brand awareness and sales. Trust and happiness are closely...
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Using forecasting techniques for predicting the changes in sales rates and, therefore, defining further strategies is a common pattern in modern business management (Simkin, Norman and Rose 318). The introduction of information technology tools has opened new horizons for marketers, yet also posed a range of threats in terms of the reliability of the data. Sales per click ratio, which...
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The meaning of sustainability differs drastically depending on which perspective you look at it from. It could mean lower carbon emissions, green and eco-friendly or it could mean a self-sufficient system, or even could be about creating a healthy environment that is based on ecological principles. Putting sustainability within the context of a Supply Chain Management (SCM) process, more accurately...
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An organisational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organisation. These activities can include power, roles, and responsibilities. The organisational structure also determines how information flows between levels within the company. For example, in a centralised structure, decisions flow from the top down, while in a decentralised structure,...
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