Reflection paper about upervisor support Assignment

Reflection paper about upervisor support - Assignment Example In most cases, supervisors have a lot of work experience in comparison to other employees. In effect, they enhance teamwork by supporting other members of the organization in their roles using their gained experience. Furthermore, teamwork leads to job satisfaction in an organization, which further leads to high productivity. Hence, the supervisor greatly influences productivity in an organization. However, it is important to note that, at some instances some employees may fail to see the limit to which the extent of support reaches. In this case, this might be instances in which support is deemed too much. As such, some of these employees may consider themselves equal in standing with the supervisors. In effect, they may become laidback in their roles and effectively decline in productivity. However, such occurrences are rare once an organization establishes the limit to supervisor support. As explained, the role of a supervisor in supporting their staff is crucial in an organization. In this regard, the organization should find ways of improving the role of supervisors in supporting the other members of staff. One way of improving supervisors support is by the management giving the supervisors all the support they need in executing their roles in the organization. Once the management gives the supervisors its undue support, the supervisor reciprocates and offers support to those they are supervising. On the other hand, in-service training of the supervisor and other staff members is crucial to ensure each member plays their role effectively. Griffin, M. A., Patterson, M. G., & West, M. A (2001). Job satisfaction and teamwork: The role of supervisor support. Journal of Organizational Behavior. (Vol. 22, pp. 537-550). New York, NY: John Wiley and Sons,

Discuss the Impact of International trade or Inward FDI on economic Coursework

Discuss the Impact of International trade or Inward FDI on economic growth or development in an Emerging Economy - Coursework Example There are several definitions which are provided by different international organizations like IMF and The United Nations. The International Monetary Fund’s (IMF) definition says that FDI refers to an investment that’s main objective is to obtain a ‘lasting interest’ in an entity which operates in an economy that is different from the economy where the investor operates in (Moosa, 2002). A ‘benchmark definition’ of FDI is provided by the Organization for Economic Co-operation and Development (OECD). It says â€Å"foreign direct investment reflects the objective of obtaining a lasting interest by a resident entity in one economy (direct investor) in an entity resident in an economy other than that of the investor (direct investment enterprise)† (Organisation For Economic Co-Operation And Development, 1999). This paper discusses the role of FDI in an emerging economy like India. It aims to provide a clear picture about how FDI has played a n important role in the economic growth of the country. Furthermore, the paper also includes a brief overview of the Indian economy and the way in which it is performing over the past two decades. The Economy of India Over the past few years Indian economy is gradually turning into an open-market economy. Since early 1990 the country has experienced significant economic liberalization that includes industrial deregulation, reduction in control over foreign investment and trade and privatization of government owned enterprises. Since 1997, every year Indian economy has grown by almost 7% (Central Intelligence Agency, n.d.). The diverse economy of the country encompasses conventional farming, handicrafts, modern agriculture, multitude of services and different modern industries. Over half of the total work force is involved in agriculture whereas only one-third work force is associated with the service sector. However, services are the main source of economic development in the countr y. Almost 50% of the country’s total output is contributed by the service industry. India is enriched with its large educated population that is capable of speaking good English. Capitalizing on this aspect India has become one of the largest exporters of IT (Central Intelligence Agency, n.d.). Due to its strong foundation, the Indian economy protected itself very well from the recent global economic crisis, though the growth rate was significantly affected for a certain period. The weak monsoon of 2009 and inefficient food distribution system have resulted in high food prices. Inflation has been one of the key problems for the Indian government over the past two years. The country’s central bank (Reserve bank of India) has hiked the interest rate several times in order to control the inflation. In the fiscal year 2010-11, India experienced a deficit of 6.8% of its GDP and in the coming year the government aims to bring down this deficit to 5.5% of GDP (Central Intelli gence Agency, n.d.). Some of the long standing challenges for Indian economy are widespread poverty, lack of social and physical infrastructure, insufficient access to the basics like higher education and drinking water and limited opportunities regarding non-agricultural employment. In 2010 India’s GDP was $4.046 trillion (in terms of purchasing power parity) and this is increased from the

Organizational Plan for Dr. McDougalls Right Food Asian Entres Essay

Organizational Plan for Dr. McDougalls Right Food Asian Entres - Essay Example Further, a McKinsey 7-S Assessment would be applied, as required. For Dr. McDougall’s Right Food, the management team is comprised of the founder, Dr. John McDougall as chairman of the board of directors; Karen Alden, the CEO and board member; a Vice President and Operations Manager with expertise in natural foods production; a Finance Manager who takes care of accounting and finance; and a Human Resources Manager who takes care the administrative and personnel resources’ needs for the organization. All of the management team are members of the board of directors. The success of the team lies with Karen Alden, reported to have extensive expertise in the areas of strategic planning and marketing (Full Circle Fund, 2011, par. 1). Under the governance of Dr. John McDougall, known as an expert in healthy eating, his qualifications, as noted are â€Å"one of the founders of natural, or organic, wellness and is a board-certified internist. He is also a best-selling author who has been writing about the effects and benefits of good nutrition to health† (Grocery.com, N.D., par. 2). The rest of the team address production, finance and human resources requirements, as needed. The elements of the McKinsey 7S model are: strategy, structure, systems, shared values, style, staff, and skills (Mind Tools, 2011). Applying this model in Dr. McDougall’s Right Foods Asian Entrà ©e, the following are revealed: Strategy: To produce and market Asian Entrees entirely on all natural ingredients to be targeted to health conscious people who are always on the go. Despite its premium price strategy, an extensive promotional campaign would assist to enhance product awareness to consumers and therefore, it would be available in all major supermarkets and groceries. Structure: The management team is structured as a lean and flat structure with limited members

Samsung Final Report Coursework Example | Topics and Well Written Essays - 4250 words

Samsung Final Report - Coursework Example In today’s global electronic market, Samsung is widely recognised for its innovations and also for the quality of the products and services that it offers to its global customers (Samsung, 2012). During the recent decade Samsung has developed its vision as â€Å"Inspire the World, Create the Future.† This vision of the company apparently reflects its commitment towards inspiring the communities within which it has been operating and also wishes to operate in future. The company, in order to follow its vision, has identified three significant strengths, i.e. â€Å"New Technology,† â€Å"Innovative Products† and â€Å"Creative Solutions† (Samsung, 2012). 1.2 Sustainable Innovation of Samsung Samsung has identified it as a responsibility to carry out the business operations in a way that would facilitate in conserving the natural environment. In relation with this, the company has been noticed to carry out a wide array of activities all around the glob e. Furthermore, it is worth mentioning that Samsung is often categorised to be among the leaders in offering eco-friendly goods to the consumers worldwide. With this concern, the company has introduced a monitoring system known as the Environment, Health and Safety (EHS) management system to enhance the level of safety at the work place. This system also assists in minimising the industrial wastes which are hazardous to the environment as it acts significantly for the company in terms of pollution management (Samsung, 2012). In response to the growing interest of sustainable development in the business environment, Samsung has been recuperating the methods of collecting information from the stakeholders about their perspectives and ideas concerning sustainable development in the long-run. This aided the company to develop policies and strategies related to sustainable development by taking into account the modern managerial perspective (Samsung, 2012). 1.3 Objective of the Paper The objective of this paper is to critically evaluate the innovation management of Samsung by utilising the Sustainable Innovative Results (SIR). The SIRs selected in this paper are the solar netbooks and transparent LCD panels introduced by Samsung. The SIRs are evaluated by considering the following points into consideration: determined objectives, needs, resources engaged, influencing factors, success, challenges, leadership and long-term consequences. 2.0 Critical Evaluation: SIR Approaches of Samsung SIRs are quite important for the organizations to develop and also to sustain in the long run. Being sustainable, in the corporate culture, essentially means to satisfy the present without causing much threat to the future. This meaning of sustainability can be directly linked with the innovative results of Samsung’s SIRs as both the products perform effectively in meeting the present needs without causing many hazards to the future. Moreover, SIRs serve the stakeholders concer n to a considerable extent which is an important pre-requisite for the companies to sustain in the long-run. Furthermore, sustainable innovations determine the responsibility of the organizations towards the environment as well as the society. This acts significantly for the company to become widely accepted by the people increasing its brand value.

Organizational Plan for Dr. McDougalls Right Food Asian Entres Essay

Organizational Plan for Dr. McDougalls Right Food Asian Entres - Essay Example Further, a McKinsey 7-S Assessment would be applied, as required. For Dr. McDougall’s Right Food, the management team is comprised of the founder, Dr. John McDougall as chairman of the board of directors; Karen Alden, the CEO and board member; a Vice President and Operations Manager with expertise in natural foods production; a Finance Manager who takes care of accounting and finance; and a Human Resources Manager who takes care the administrative and personnel resources’ needs for the organization. All of the management team are members of the board of directors. The success of the team lies with Karen Alden, reported to have extensive expertise in the areas of strategic planning and marketing (Full Circle Fund, 2011, par. 1). Under the governance of Dr. John McDougall, known as an expert in healthy eating, his qualifications, as noted are â€Å"one of the founders of natural, or organic, wellness and is a board-certified internist. He is also a best-selling author who has been writing about the effects and benefits of good nutrition to health† (Grocery.com, N.D., par. 2). The rest of the team address production, finance and human resources requirements, as needed. The elements of the McKinsey 7S model are: strategy, structure, systems, shared values, style, staff, and skills (Mind Tools, 2011). Applying this model in Dr. McDougall’s Right Foods Asian Entrà ©e, the following are revealed: Strategy: To produce and market Asian Entrees entirely on all natural ingredients to be targeted to health conscious people who are always on the go. Despite its premium price strategy, an extensive promotional campaign would assist to enhance product awareness to consumers and therefore, it would be available in all major supermarkets and groceries. Structure: The management team is structured as a lean and flat structure with limited members

Being Virtuous Though Confucius, Krishna and Socrates Essay Example for Free

Being Virtuous Though Confucius, Krishna and Socrates Essay From the beginning of time, the quest of all humans has been to discover how to live the good life. What is a good life exactly? This term will mean different things to different people, and yet I believe there are the same ingredients that all â€Å"good lives† share, even from the classic Eurasian time until present day. Virtues of character, which are also called ‘moral virtues’, seem to be more complex and are an integral part of the completeness of life that is said is necessary for a good life. There seems to be a pattern with people of always trying to achieve being a good person. Is being a good person the answer to having a good life? The Author, Robert W. Strayer makes the point that Confucius, Krishna and Socrates had opinions of ways to a good life but they are all different from one to the other. I will argue that there is a pattern between the three and that the belief to the good life is the same throughout the writings. The saying that history repeats itself is certainly true, but it is also true that people all want to live good lives. Confucius believes living a good life is being virtuous and treating others with respect creates the kind of person that then is given the good life. Being a leader he believed that ruling under an iron fist didn’t create people that respected him and that listened to the law, instead using kindness and sincerity gave the people an example of how to live. He says, â€Å"Let him be ? nal and kind to all; then they will be faithful to him. Let him advance the good and teach the incompetent; then they will eagerly seek to be virtuous† (pg. 218). He also goes on to describe forgiveness which is an essential component in all of the opinions on what is a good life. If one is not being virtuous they can change, which tells us that people are never intended to be perfect but to continue to strive for goodness is always better than to never attempt to be good. That same ideal is true to our modern world. â€Å"To subdue one’s self and return to propriety is perfect virtue. If a man can for one day subdue and return to propriety, all under heaven will ascribe perfect virtue to him† (pg. 219). According to Confucius seeking to be virtuous will bring the good life. In Strayers words he associates the ideas of Krishna in the Bhagavad Gita as being different than those of Confucius. I believe that essentially they are one in the same. Krishna says, â€Å"a man possessed of a pure understanding, controlling his self by courage discarding sound and other objects of sense, casting off affection and aversion, who frequents clean places, who eats little, who’s speech, body, and mind are restrained who is always intent with meditation and mental abstraction and has recourse to unconcern who abandoning egoism, stubbornness, arrogance, desire, anger and all belongings, has no thought that this or that is mine, and who is tranquil becomes fit for assimilation with the Brahmah† (pg. 21). Krishna is telling us that controlling one’s self and the environment one keeps one’s self in, the abandonment of being stubborn and arrogant all contributes to a virtuous soul, which in turn leads to the good life. This point is exactly what Confucius and Krishna share the same opinion finding that mean or middle ground, that balance or yin and yang, is essential to establishing a completeness which develops virtue is vital in order to lead a successful, fulfilling life ultimately leading to happiness. Socrates also collaborates these same thoughts He states, â€Å"For I do nothing but go about persuading you all, old and young alike, not to take thought for your persons and your properties, but ? rst and chie? y to care about the greatest improvement of the soul† (pg. 223). He spent his life trying to convince people to strive to be better people. This is one of the most important things to do in order to find happiness. Socrates believed that the state of one’s soul is the answer to happiness and that there is always improvement that can be made to one’s soul. His mission was to encourage people to think for themselves and thus become more virtuous. Socrates was sentenced to death and as he is near his final moments He says, â€Å"The dif? culty, my friends, is not in avoiding death, but in avoiding unrighteousness† (pg. 223). He also shared the same ideas of Confucius and Krishna that living righteously is the key to the good life. In conclusion what creates a good life for an individual person? It appears to be the same answer that Confucius, Krishna and Socrates had during each of their lives. They learned the same thing that people look for and believe in today. We continue to search for the same answers, but I think the answers are very clear in what history tells us and we learn from these brilliant men, Confucius, Krishna, and Socrates. To be virtuous is having a life with moral integrity and having or showing moral goodness or righteousness. It means being honorable to others and yourself in which will gain the honor and respect from others. Virtue is a belief used to make moral decisions. It does not rely on religion, society or culture; it only depends on the individuals themselves. Virtue has more to do with the character of a person than their earthly riches and possessions. As people continual strive to become a better people, practicing virtuous acts regularly helps develop the good life and they are examples to others striving for the same thing. I believe in what Confucius, Krishna and Socrates taught us, that being a good person is the foundation on which everything else in life is built on, and this I believe is the answer to having the good life.

The Mission And Vision Of British Airways Business Essay

The Mission And Vision Of British Airways Business Essay British Airways is one of the oldest and the most reputed airlines functioning in the world. It was started on 1st September in the year 1974. It is the official airline of the United Kingdom. It is owned by the government of the United Kingdom but it is run by private firms. It is also known as BA. It was formed by the merger of four airlines they are The British Overseas Airlines Corporation (BOAC), The British European airways (BEA), Cambrian Airways and finally the Northeast Airlines this took place on 31st march 1974. Thus BA was formed. It was one of the few prestigious airline to fly the Concorde the supersonic passenger plane. It has a large fleet of 239 aircrafts. It flies to 300 destinations. It employees 42,755 employ . It is a public limited company also listed on the London stock exchange. The main headquarters of BA are Heathrow airport and Gatwick airport both are situated in London. It is also a star alliance member. The total revenue earned by BA in the year 2010 was  £7,994 million. Mission And Vision:- Visi Fig1.1 Mission, Vision, goals, objective cycle It is defined as A mission describes the organization basic function in society , in terms of the product and services for its customer -Mintzberg The above definition explains how important a mission is for a organization as it helps in building its own image in front of the customer that it wishes to give services to. It maybe a just a sentence but it creates a image in the mind of the reader what the organization is made up of. It also helps to give the brand a competitive edge as the mission statement will help in showing the uniqueness of the brand. The mission statement of British Airways is as follows One Destination seeks to ensure our customers fly confident that, together, we are acting responsibly to take care of the world we live in. BA mission statement on reading creates a mindset that they always be safe on ground or in air and they want the customer to feel safe and confident when they fly British airways. They have also maintained their mission statement as they have least accident history and they always have new fleets and always updated with latest technology. Values:- Organizational values define the acceptable standards which govern the behaviour of individuals within the organization. Without such values, individuals will pursue behaviours that are in line with their own individual value systems, which may lead to behaviours that the organization doesnt wish to encourage. Thus values are very important for the organisation for achieving the vision that it aims for(Value of Organizational value)(http://www.teal.org.uk/mat/page6.htm)(accsed on 22ndApril 2011) The values of BA are as follows:- OBJECTIVE:- Objectives are normally quantified statements of what the organisation actually intends to achieve over a period of time. According to Mintzberg (1997), Business Enviourment; Viva books. He says that objective help the organisation to conduct activities that will help in acquiring the mission of the organisation. He also says while forming a the objective the organisation must use the SMART technique. The objective should contain these points. Fig 1.2 SMART Objective The objective of BA is as follows:- Fig 1.3 Objective of BA 1.b) Evaluate the extent to which an organization achieves the objectives of three stakeholders. The individual or groups who have interest in how a organisation performs because they have some stake in it and thus it affects them in someway. In the modern world they are mainly of two types which include primary and secondary stakeholders (Stokes D., (2002) Small Business Management (4th edition) Thomson Publications: UK.) The primary and secondary stakeholder of BA have a effect on the airline as they are somehow related to the organization. Thus in the table below the author has shown how both of these can affect the airline Stakeholders General Interest Influence Shareholders .A Steady flow of revenue .Should be well informed about the risk and plans .Continuation of Business -Exercising ones right to vote -Checking the annual book as well as the statements. -To defend against wrong issues Managers .Pay and Status .Job Security .Job Satisfaction -Growth of the organisation -Participating to improve the organisation with recommendations Employees .Job Security .Pay and Condition .Job Satisfaction -The union may go on strike -Exposure Customers .Receiving goods and services of a reasonable quality .Receive optimum level of services .Great value for money paid -Choosing other airline over BA -Bad impression about the airline -Not using it services Suppliers .Being paid promptly for the goods and services delivered .Receiving regular repayment of the capital provided -Not delivery the Services on time. -Serving competitors Government and General Public .The organisation is meeting the relevant legal requirements .Social welfare of public is protected .Helping the nation and public to progress -Licenses, law and permits -Strict laws against them -Social activist -Boycott or appreciate the company. Fig 1.4 Shareholders their interest and influence All the organisation in the world to run smoothly and efficiently need to satisfy its stakeholders as they have a stake in the organisation which can affect the organisation in both good and bad ways as shown in the table above. Thus British airways is no exception even they have tried to meet the satisfaction of the stakeholders so as to progress more and achieve their targets. Below are given the instances where British airways have satisfied its stakeholders Employees they are the most important part of the organisation for the smooth and progressive functioning of the organisation. As BA is a large organisation hence it employs a large no of employees whos need and wants he need to caters. Thus BA has done many changes like improving the workplace where they function reasonable working hours were allotted to them then they have also introduced various crew programme which help them improve the safety of themselves as well as the customer. BA has also started recruiting people from all over the globe so as to maintain a equality among the employees. Their wages are also improved compared to what they were paid earlier some changes were done by BA for some the union had fought to get it done Society are a major concern for organisation like BA because if society is not benefited from them they wont allow smooth functioning of the airline for the same reason BA has contributed a lot towards society by giving them employment in the firm also setting up various NGOs to help the underprivileged society also contributing some amount towards charity. They have even started cutting down their co2 gases by using much more fuel efficient engines as well as machines used at the airport thus contributing o save the enviourment. Customers are the important part for the organisation to progress because e if customers arent there then who will the airline serve and earn money from. As BA is in the service industry they need to take good care of their customers so as to improve their image as well as their market standings. For the same they have improved their economy class cabin by improving the quality of service provided also they have introduced the programme known as CUSTOMER KING which is for the first and business class travellers. They have also increased their security standard so to increase the safety of their passengers. Q.1c) Explain the responsibilities of an organisation and strategies employed to meet them? Social Responsibility of an organisation may be defined as the obligations that the organisation has towards the people and the enviourment in which the business functions. In other words the corporate social responsibility is a process where the organisation can improve its functioning in outdoor as well as indoor processes so as to increase the vision, improvement and add competitive advantage to the company. BA has to maintain the business ethical criterion responsibly they also known the importance of their stakeholders and hence they follow the regulation so as to protect the social, environmental, financial, and economical of the stakeholders. In order to complete these aspects BA follows all the legislation laws and rules laid down for safety, employment and other such stakeholder related aspects. By following these laws and jurisdiction BA shows loyalty towards the corporate social responsibility as a business should show. Below are given few social responsibility that British airways follows and tries to do the needful for it (Corporate responsibilities (2007) one destination [online] (updated on 2010) Available at: http://www.britishairways.com/travel/csr-corporate-responsibility/public/en_gb?link=main_nav [Accessed 15th may 2011]. Environmental Protection Act:- BA has started to contribute a lot towards helping in saving the enviourment the reason being that there have been more strict rules by the government in recent years so to implement those and also create a healthy enviourment they have taken various steps in help protecting the enviourment The steps taken are as follows:- Fig 1.5 Enviourment Protection Act Safety and Security Act:- British airways are known for their stringent security measure that they follow. The safety of the passenger and crew are their highest priority. BA also follows the most advanced and sophisticated machinery in their services so as to assure the passenger that they are in safe hands. They also have a outstanding record in safety and security flied. Fig 1.5 Safety and Security Measures Employees Act:- The staff of a company are those people who work for a particular organisation or a industry, but apart from that they are a part of a large society where the organisation functions. The first labour law in Britain was made in 1974 for the people or employees of and organisation. The law consisted of various aspect that would help the employee to feel secured and satisfied in the workplace. Some of the laws were Self Organisation, Collective Bargains, To work what is suitable to employee, and job security. Thus BA follows these rules laid down by the government and also supports it. So as to keep the employees happy and smooth running of the organisation. 2.)Using PESTLE and any management tool you are familiar with evaluate the impact of macroeconomic policy measures and the influence of the global economy on British Airways and its stakeholders? PESTLE Policy Implications On BA Political Heavy Regulation (AEA,2009) Increased Security due to past terrorist attacks(DFT,2009) .Compliance is necessary if BA wants to continue operations .Enough security measure should be undertaken to maintain the competitive advantage and beliefs in consumers Economic -Economic Crisis the growth projected at only 2%in 2009(IMF,2008) -Pounds weakens against Euro Fluctuations of oil prices .Possible decline in the business travel as companies are using alternate methods like telephone conferencing. .BA will face poor exchange rate as well as due to the fluctuation it will affect their cost base as the rate they might get for the currency might get low Social The population in UK is ageing given by national statistics. Due to recession there is increased unemployment .This a great opportunity for BA as older generations have more money and time to spend. Technological New technologies regarding the fleet and improvement and addition to the fleet The number of people using e-check in has increased a lot .As there are new aircrafts coming in the market BA should keep its fleet updated with these machines .BA should keep itself updated so as to remain in the competition Environmental/ Ethical Expansion of its main terminal is difficult because it comes under Londons green belt area Consumer are aware of what are the effects of air travel as they are increasingly becoming more green. BA has to convert limited space into full utilisation of the capacity that it has BA has to adopt to all its environmental strategies to keep the consumer with them Legal Collusion and Fixed Pricing Open skies Agreement(AEA,2009) Restriction on having mergers will affect their alliance with American airlines .BA has a great opportunity of transferring aircrafts between him and America Fig 2 Pestle on BA (www.scibd.com) The other macroeconomic policy that can effect BA are as follows:- -Monetary Policy in the UK is concerned with the decision of rate of interest and the supply of money in the economy. The one who controls the interest rate in the UK are the Bank of England Monetary Policy committee. The current rate decided by the bank of England is around 2.0% . If they decide to increase the rate then it wont be feasible for BA to borrow loans from them as they will have to pay very high interest rate thus they wont benefit from it. But if they lower the rates then BA can borrow from the bank and achieve their objective much quickly. -Exchange Rate Policy is handled by the government. The exchange rate is controlled by how much amount of gold and foreign exchange currency do they have in reserve in the central bank. The rate is even altered when the interest rates go higher or lower. If the exchange rate is high then BA will benefit as the goods it will buy will be cheaper as the currency they using will be higher and thus they can make profits. But if it goes down then BA will face losses as the things that were cheap will became expensive and they will have to increase the air fares which will see a decline in their sales. These are some policy that the author think can BA . All the organisations in the world are affected by the social economic and enviourment factors globally. As BA is a large organisation operating in more than 300 countries hence it has to fulfil and satisfy all its stakeholder. Britains economy policy affects a lot of organisation below is given their policies that influence them Government Organisations Overall Economic Policy -Market Demand -Cost of Finance -Taxation Industry Policy -Protection vs Free trade grants, -Incentives, Sponsorship Regulation eg:- Investor protection, company law, entry barrier, capacity Social Policy -Work Place regulation, -Employment Law -Labour Supply -Skills, Education Foreign Policy -Trade promotion -Export Credits EU and WTO obligations -Export promotion to allies Environmental and infrastructure Policy -Distribution Fig 2.2 Economic Policies of UK Social Welfare policy which BA follows are it has introduced work place regulation which enables its employees to work freely in the workplace as they have been given high level of training which helps them to do their work with much ease and perfection as well. The safety standard used by BA is also very high and the crew are also given sufficient amount of rest and training to function effectively. BA also has normal working standard and all the aspect that are included in the employment law. The employees are also given a lot benefits which include perks, pension, maternity allowance, social fund as well as other benefits which help make their private life better as well. These are some of the policy that BA follows towards its employees 3.) Explain whether the problems facing the British airways can be found in a planned economic system and discuss whether the economic system in which the BA operates allocates resources better. Different nations of the world use different approaches or types of economic system. The core of the economic problem is infinite desires versus limited assets. The study of economics is basically how nations allocate their resources in the best way so as to maximize the productility and services to fulfil the satisfaction of wants. In modern economies there are various ways of dealing with scarcity. The various kinds of economy are as follows:- Fig3.1The different types of economic systems (BPP, Learning media, (2007) Business essentials: Business environment (3rd edition) viva books Pvt ltd: London) The economy followed by Britain is a mixed economy because there is a balance between the market forces and the state interventions. The advantages of mixed economies are any one can set up a business and choose what to produce and even set their own cost. Even though they pay taxes they reap benefits through social programmes. The disadvantages of mixed economy are many business find it difficult to find a market for their products also they cant control the taxes they pay, merchants always complain that they are very high.(http://www.blurtit.com/q917361.html) accessed on 14th may 2011) In mixed economy the decisions of resources provision would somewhat depend upon the forces of supply and demand curve and it might also depends on the aims and the objectives of the firm. BA after privatization faced a lot of changes as after the merger BA had changed some of its rule and accepted a few of the other airlines rule. It even started to fly to more international destination once the demand for that increased. Because of this reason their whole allocation shifted from one firm to anther and from domestic to international. Because BA is in a mixed economy there is always a chance of growth as the private firms will help them, Also BA has to complete all the requirements that are jotted down by the stakeholders or even the government. But as of now BA is fulfilling all the criteria that are laid down by the government as well as also helping the airline to grow as much as it can. Thus Mixed economy helps BA to allocate its resources better than any other economy would have. 4.) State the market in which the British Airways operate and discuss whether it is easy to merge in that type of market (regulatory environment implication etc)? The level and amount of competition faced by the firms varies a great deal. There are many types of market and no market is similar to each other in some single firms dominate in other there might be a lot of competition for the same product or service. The market structures that the firms operate are different from each other. Figure 4.1 The Different market structures. Perfect competition:- When there are many people in the market, and other condition are such , that no one can influence the price, all other things being equal. This occurs when there are lots of sellers and lots of buyers and nobody can have any effect on the total quantity for sale or the total amount that the buyers want. There is a freedom in the entry and exit of the industry. Monopoly:- When there is only one supplier for a product or service in a market we call that as monopoly market. The business owns a key source for which substitute is very hard to find. The pricing of the product is decided by the firm itself. Duopoly:- It is a market were two sellers compete with each other for a homogenous good . The output of the firm is believed to be fixed. The example can be If BA lowers its transatlantic fares then how will virgin react to it? It is a case between competition ad monopoly. Oligopoly:- When there are a few large suppliers, whose business decisions affect each other they are said to be in oligopoly market. The example that author has chosen is from the airline industry as he can link it to BA. Suppose if BA was to lower their airfare for a particular sector on which even virgin flies then to be in the competitive race even virgin will have to lower its prices. Thus in oligopoly market if one makes a decision then it has to effect the other. New firms cant enter this market as it requires huge amount of investment. This lowering of prices of both the companies is known as price wars. Competition Commission;- The competition commission is an self-governing public body established by competition Act 1998. It replaced the monopolies and Mergers Commission with a superior power to take authoritarian actions or measures in the closure of the company. BPP, Learning media, (2007) Business essentials: Business environment (3rd edition) viva books Pvt ltd: London). This body mainly makes sure that no organisation should form merger or cartels with each other to convert the market from oligopoly to monopoly market. 5.)Explain whether the British airways have benefited from international business/trade and the European Union. What will be the business implication to the BA, if the UK, joins the European Monetary Union (EMU). International trade is the exchange of goods and services between countries. An import is the UK purchase of a good or service made overseas. An export is the sale of a UK made good or service overseas. BA is a international airline which operates in more than 300 destination. It operates in continents Asia, Europe, America etc. As BA being a British company it has chosen Europe as its global market. One of the reason being that it is the member of the European union. BA has benefited from international trade big time for many of the events like given below:- -There is free trade of aircraft between BA and American airlines hence they can upgrade their fleet without paying the duties -The land cost in Britain is very high compared to rest of Europe hence they use to set up big factories which they need at places where the land is cheap. -The labour in many parts of Europe is also very cheap compared to Britain. -The currency they use is accepted all over Europe and hence they dont even lose any money on exchange rate. -The raw material which is needed by BA is obtained at much cheaper rate from European countries These are some of the benefits that BA has by doing intenational trade with the European union members. Fig5.1 Trading benefits with Europe