Exchange: people benefit from voluntary exchange, and in market economies, market exchanges lead to the efficient use of resources. Information: the structure that markets take and how well they can function depend critically on the information available to decision…. Modern Business economics Business Economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets.
A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs. The economic impacts of e-Business Electronic business, also known as E-business, is the conduct of business on the internet and other computer networks.
In recent years, e-business has developed rapidly and the e-purchasing system is becoming more popular all around the world. Electronic business e-business is a general concept covering any form of business transaction…. Treat him as he could be, and he will become what he should be.
Welcome to the School of Business, Management and Economics The School of Business, Management and Economics is a research intensive organisation which combines a broad range of expertise that is highly relevant to the emerging agendas of the 21st century. The constituent departments are the Department of Economics, with its reputation for development economics and international trade; the Department of Business and Management, which spans all the main business disciplines including enterprise….
Login Join. Home Page Economics and Business Essay. Economics and Business Essay Submitted By hkhatun. Open Document. Business Environment Assignment - 3 P5: Describe the influence of two contrasting economic environments on business activities within a selected organisation. The business environment consists of a range of major influences that are outside a business.
These include political, social and legal changes that affect a business. I will be looking at how two economic environmental problems influence a business. Political factors: The politicians make important decisions. At the national level the UK is governed by the political party that secures the most members of the parliament in the general election.
At the international level, Britain is part of the European Union and this body makes political decisions that increasingly affect what can be done within member states. Political decisions involve making choices that affect large numbers of people and business. The choice made by politicians, for example creating new laws that will tend to favour some groups at the expense of others.
Sometimes these decisions favour business, for example in the granting of a subsidy or an exception from paying taxes not having to pay them. This is at a level of individual buyer and individual seller, meaning demand and supply. How much to produce and how much to charge for it. The law of the demand is that the demand decreases when the price increases and the demand increases when the price decreases.
Also more demand of a product results in an increase of the price the price of that product. See graph below. The macrocosmic policy goals will be achieved by the monetary policy and the fiscal policy. The monetary policy is the management of the nation money supply, the decision of the interest rate and the banking system to promote economic growth, lower unemployment and inflation.
Demand is what quantity of product or service the buyers need at a certain time at a precise price. The supply is the quantity the market can offer at that same time and price. The relationship between the quantity demanded and the price is the demand relationship and the relation between the supply and the price is the supply relationship. The price is a reflection of supply and demand.
When the price of a product goes up, the quantity demanded of that product goes down. On the other hand, when the price of a product goes down, the quantity demanded of that product goes up. The graph above shows that relationship between the demand and the price: p1 higher, Q1 smaller than Q2 and Q3. Unlike the law of the demand, the law of supply shows that at a higher price the supply increases. The producers supply more at a higher price to increase their revenue.
The relationship between supply and price is shown in the graph above: at P3, price greater than P2 and P1, the corresponded quantity Q3 is greater than Q2 and Q1. Report writing: 1. Microeconomics and Macroeconomics perspectives 2.
Explain using economics theory using real world examples 3. Company to be expanding internationally by opening a new manufacturing facility in a non-EU country a Macroeconomic conditions of the country b Current economic policy fiscal and monetary. Business Economics. Accessed July 20, Business Economics Categories: Business Economics. Download paper. Essay, Pages 4 words. Table of Contents 1. Turn in your highest-quality paper Get a qualified writer to help you with.
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A reasonable approach to managing email is one that considers all stakeholders, including employees. If employers wish to monitor email it rests with them to overcome the disadvantages posed by ineffective, unethical and unreasonable methods of email monitoring. Covert monitoring followed by dismissal cannot be considered a reasonable method of controlling employee email use.
In one case brought before the Fair Work Commission FWC a decision of unreasonable monitoring was made because employees were not aware they were being monitored. The email was sent from a home computer and from a personal email address. The three employees were dismissed following the installation of a software filter on the Australia Post email system that detected the content.
This case demonstrates the importance of monitoring being accompanied by an effective policy. Lecturer's comment: A salient and relevant example. Organisational IT policy also played a significant role in the outcome of two cases of alleged misuse of email, featuring Channel 7 and the Queensland Department of Education. The outcome was quite different in the Queensland Department of Education case, in which a teacher sought to become a union representative.
Managers in organisations need to take a considered approach to drafting and implementing IT policies. They also need to be more active in foreseeing and preventing potential problems of email misuse. The key management functions of planning, organising, leading and controlling need to be comprehensively incorporated into email monitoring for monitoring to be considered a reasonable strategy.
Managers should take a proactive role in controlling potential email misuse by explaining the purpose of email monitoring and how it can protect all stakeholders in the organisation, including employees Kiser et al. Lecturer's comment: Most of your in text citations appear mid-paragraph and even mid-sentence. Well done!. Managers could work in teams with employees to co-construct suitable and transparent IT policies. When breaches are detected, employees could be cautioned rather than being summarily dismissed.
Lecturer's comment: as cited in. In the case involving the post office employees, no planning was undertaken by the employer to ensure employees were fully aware of policy, aware of surveillance tools and aware of the consequences of breaches to IT policy. There was no consistently organised method for responding to breaches and no leadership was shown by front line managers in modelling the appropriate use of email.
The technological advances of IT have enabled improvements in productivity, yet misuse can also bring significant risks to employers and employees alike. Misuse of email can lead to job insecurity for employees and legal disputes that take company resources away from employers. At the heart of the confusion surrounding appropriate workplace email communication lays Lecturer's comment: lies.
It is important for managers to get things right at all levels of implementation of IT policy in the organisation. Managers need to proactively plan, organise, lead and control email use within the company. If monitoring of employee email is purposeful, transparent, well-planned, effectively organised, reinforced by effective leadership, and controlled with consideration of all company stakeholders, including employees, then it can be reasonable.
Lecturer's comment: Final comments: This is a generally well-structured piece of writing that is clearly well-planned and makes good use of both recommended and independently sourced literature. If I was forced to find a criticism I would say that the examination of the argument against monitoring workplace email is somewhat lacking in depth.
There are significant ethical and human rights-related issues that remain unexplored in your argument. However, for the purposes of this assessment task, you have made a bright start to academic writing. One area that needs significant improvement, however, is your referencing. There are numerous inconsistencies and errors below. Much more attention to detail is needed. Keep striving! Skip to content Skip to navigation. Approaches to assignments in your faculty Art, Design and Architecture Architecture assignment 1 Architecture assignment 2 Art History and Theory essay Art History essay Industrial design assignment Visual analysis Arts Reflective writing in Arts Literary Studies essays Principles for writing a Literary Studies Essay Steps for writing a Literary Studies essay Sample Literary Studies essay History essay Writing philosophy essays Writing an annotated bibliography Writing an essay Stand-alone literature review Oral presentation Poster presentation Business and Economics Sample Business and Economics reflective essay Questions Evaluate a reflective essay Sample Business and Economics essay The reference list Writing an annotated bibliography Stand-alone literature review Note taking and summary notes flow-chart.
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