Discussion: Effects of Political, Economic and Legal Systems on Economic Growth Several factors influence economic development in a given nation as well as in the world. For growth in the economy to be achieved, all these factors must interact together within the society.  It is worth noting that every element has an impact on the rate and level of economic growth. This discussion will thus restrict itself in three major factors that affect development in a society which include political, legal and financial system itself. First, business is only possible in a peaceful environment. Politics existing within a given state or among trading nation affect how commercial activities are done (Autio & Fu, 2015). A peaceful society attracts investors while chaos sends away them. This is because of the apparent reasons for safety. The legal system is another major issue affecting how business and hence economic development. It affects economic growth in the following ways; corruption protection, property rights policies, setting obligations to be met, as well as control of the government on investors (Autio & Fu, 2015). These legal…

Conflicts Conflict is mostly assumed to be negative. Astoundingly, conflict can have a positive influence on an organization (Eilerman, 2006). It is important to understand the types of conflict and how to address it. Functional conflict denotes healthy, productive disagreement between individuals or a group. For example, a business person may disagree with the community about a project, but they work through an understanding that leaves everyone satisfied (Pfajfar et al., 2019, p. 8). In contrast, dysfunctional conflict occurs when unhealthy disagreements arise between individuals or groups. For instance, a director of a company may use threats or deception to force a community to agree to the construction of a power plant in the area (Pfajfar et al., 2019, p. 10). People often avoid conflict because they assume it will have negative consequences. For example, individuals are afraid of negative emotions such as hurting another person or being hurt, fear of rejection, and also not having confidence in one’s opinions. Conflict avoidance does not resolve the problem but rather escalates it. When an issue is not addressed, it eventually reoccurs,…

Academic and Personal Achievement Academic achievement In academics, I have made various accomplishments that have been part of my desire to be admitted at the university to exploit the academic journey which I had just adjourned at the high school level. Primarily, I was able to gain high honor roll student, an achievement which became the impetus of scaling higher in my academic journey. I also did well in a Scaled Agile certification exam, which was oriented towards the development of leadership in Agile. My success was contributed by learning how to lead other students in software development for entrepreneurship levels. As such, I did exemplary in leveraging principles which I obtained from system and lean thinking. In 9th grade, I participated in the CT state science and engineering fair. In the competition, I was able to validate a hypothesis regarding electrical resistance. Through my previous research and persistence in the quest for computer science, I was able to apply the working model to develop electrical resistance. The fair enabled me to develop a great sense of accomplishment since I…

Management Event Analysis Introduction The business environment has changed drastically over the years, challenging the management models applied by companies. Toys R Us, Radio Shack, and Kodak are leading global firms that have faced bankruptcy due to their failure to adopt innovation. The digital economy has continued to transform all industries; managers have been faced with the challenge of establishing new business models in 2019. Some of the changes that managers should make include the expansion of the market opportunity by developing physical products through the provision of complementary services. Managers must acknowledge the changing customer landscape. The discussion focusses on the case of Toy R Us by concentrating on its attempt to make a comeback in the US market in 2019 following its bankruptcy in 2017. The analysis is based on three scientific management theories that include Porter’s theory, Deming’s theory, and Drucker’s theory. Discussion The Toys R Us management should ponder on how it can maintain a competitive advantage over other players in the industry. The solution lies in getting and understanding of the forces that influence competition…

 The United States’ Imposition of Tariff on Chinese Tire Exports Question: Part One Which group benefited from the imposition of U.S tariffs on Chinese tire imports? Which group suffered? What does this tell you about duties in general? The tire manufacturers from Indonesia, Thailand, and Mexico benefited most. As a result of an open market opportunity in the United States, other states such as Thailand, Mexico, and Indonesia utilized the chance to fill in the gap. Furthermore, local production was low; hence consumers’ demand attracted more imports from the other interested states. Despite reduced local production, the domestic manufacturers regained economically after reduced importation from China. However, after the imposition of tariffs on Chinese products, low-income consumers from the U.S suffered inflation on the product. China also suffered an increase in tax on the exported tires. That hiked the production cost of the cheap tires on the Chinese side. That indicates tariffs policies act as barriers to free trade and as a tool for the promotion of local entrepreneurship. The United States’ policy can objectively aim at raising revenues and…

Supply Chain Performance Analysis This article brings to light the supply chain performance analysis of Dow Jones Industrial Average Indexed Firms and the top fifty supply chain firms and the importance of supply chain to students as well. The firms analyzed ranged from chemical, food/beverage, high-tech, and retail. Notably, the article highlights that the information derived from this analysis would easily be used in discussing the industry characteristics as well as supply chain classification. Moreover, the article explains the importance of integrating supply chain and accounting, which goes a long way in helping students both to generate supply chain metrics such as ITR and DOR and, more importantly, in computing the supply chain metrics. The article asserts that the DJIA firms evaluated by Gartner only consists of the 30 largest listed in the New York stock exchange and it does not take into account and financial institution because they don’t engage intangible products. Most importantly, however, the article explains that the importance of the analysis is that it helps students in understanding the differences and supply chain strategies among industries…

Multicultural Issues in the news In Canadian society, immigration continues to receive national and international support for substantial resettlement. For instance, economic immigration is a scheme set to enable foreigners and minority groups in Canadian society to have a chance to develop financial stability and progress effectively. Multiculturalism in Canada enables faster adoption of the Immigration and Refugee Protection Act. Family reunification is also essential in Canadian society to facilitate more cordial and better social networks. Refugees are settled through the International Humanitarian Law. Immigrants and the aboriginals of Canada have long been engulfed in discriminatory and racial abuse; hence they’re amid victimization. Psychological torture has led in the past years to a continued deprivation from opportunities to people of color and foreigners in Canada. Whatsoever, efforts by the government to mitigate further discrimination and inadequate settlement frameworks have gradually become a form across society. Through interactions between the Asian Canadians and the Canadians, it has led to a new development of closer and better social ties. Intermarriage has been facilitated through appreciating multiculturalism. Multiracial genetic traits have increased, showing…

Research Proposal – Guidelines Due: Friday March 20 2020 at 12pm/Noon 2,000 words, excluding references 100% of final grade Content: No one “correct” way to write a research proposal, but these are some guidelines you should consider. In general, be as specific as possible about your questions, hypotheses, definitions, case selections and strategies, measurement and variables, coding techniques, etc.   Background/Literature Review   This will be an abbreviated version of your eventual literature review. You should try to show how your research question(s) is situated in the relevant literature in your field. The literature review introduced us to the broader landscape of research that gives rise to your research question(s). You don’t have enough room to scope out the entire landscape – instead begin with a wide-angle view and then move quickly to the controversies in the areas relevant to your research questions.[unique_solution]   Research Question(s)   You may have just one research question, or two. These questions need to be clearly and explicitly stated. Make sure they are actually questions – rather than, say statements or assumptions!   Data…

A comprehensive analysis of your present levels of competences and those key skills, knowledge and behaviours you need so that you can enhance your entrepreneurial and creative potential Introduction The success and excellence of entrepreneurs is not only based on one skill but they have competence in many other fields. (Lazear, 2005). FACETS is a structure that is based on nature themes which are recognized via the FACETS test (Bolton and Thompson, 2003). Focus is the target delivery stage of entrepreneurs. The opportunities are the advantage. Creative ideas are the creativity. There are two egos namely an inner and outer ego: the inner ego is the impel and the outer ego takes on difficulties. Your potential is helped by the team. Delivery with the cause is aided by social. To show the temperament and talent level you hold together with the right levels to become a winning entrepreneur. Darby (2002) carried out research on young entrepreneurs where he deduced that most of them depict symbols of innovative performance early. Focus My score for FACETS focus is eight, this is commercial.…

 IBM’s strategic change 1.0 INTRODUCTION Strategic change is part of all corporate and business organizations in the current economic environment. Competitiveness, technological development, and changing geopolitics have all forced business organizations to investigate their strategy and revise it accordingly for the sake of sustainable profitability. IBM is one such organization that although having being in existence or more than five decades in a highly dynamic tech industry, has remained relatively unchanged for long. However, the emergence of various competitors in the computing industry forced the management to investigate the prospects of a strategy change. This paper intends to investigate IBM’s strategic change in detail since it’s realization that the process was not only necessary, but inevitable if the multinational was to survive. Starting off with a literature review of three main theories investigating the state of existing schools of knowledge, the paper intends to create a suitable background from which to understand the need for strategic change among companies. The theories will include innovations strategy, strategies for competitive advantage, and sustainable strategy. Afterwards, the paper will delve into the company…