Macroeconomics Creative Project Essay Example | Topics and Well Written Essays - 750 words

Macroeconomics Creative Project - Essay Example There exists a big distinction of social issues and economic issues within our society; but, what we may tend to consider more social can best be explained using the analytical tools of economics. Attending exhibitions such as art exhibitions or museum exhibitions is part of social life and fun. From a classroom perspective, attending an exhibition, particularly in a museum is often part of history, art, literature, and architecture courses, but acquiring any economics knowledge form an exhibition in a museum is quite novel. Attending an exhibit would be more beneficial to art, history and architecture student than it would be for an economics student. It would be perceived by many as having fun. Imagine of an exhibition relating to identity politics and issues of race in America in the 21st century. This is more history and political science. Race is a social issue in the society that has been on the forefront since the emergence of civil rights movements in the U.S. Such an exhibit can easily be integrated into a history and art class and help students understand class theory better; but, for a macroeconomics class, it would seem less beneficial. The typical introductory course in macroeconomics covers measurement of national incomes, theories of income determination, market systems, inflation and unemployment, and the effect of fiscal and monetary policies. Usually, there is no inclusion of a discussion on the economics of race. Taking a close reflection of the literature of race issues in the America, including some articles from reliable writers on issues of racial discrimination; for example, the issue of African American not being included in Social Security, it is possible to integrate race in economics. Issues of employment discrimination on the basis of race have been reported all over in the society since time in history. From classroom skills acquired in the macroeconomics course, I believe outside classroom activities

Business Strategy - multi-national conglomerate Essay

Business Strategy - multi-national conglomerate - Essay Example Due to the company's huge size, it faces problems adjusting to the requirements in rapidly changing market conditions. 1.2.1.1 Recommended Strategies The company should concentrate on development of cordless tools and market them using its effective advertising strategy. The manufacturing plant needs to be relocated to relatively economical area so that the cost of production can be reduced. Separate positioning is required for consumer and professional tools; hence the company should brand them separately. Smaller and manageable Strategic Business Units (SBUs) can be created which are more responsive to the changing market demand and needs. The company should engage the distributors using concept of vertical integration. 1.2.2 Makatume Lack of focus on power tools for consumer market channel that is expected to grow. This might result in loss of revenue to the company. 1.2.2.1 Recommended Strategies The company needs to address this issue by establishing a division for producing power tools for consumer market including corded and cordless tools. These tools should be developed for individuals and Do-It-Yourself (DIY) type of users. 1.3 Opportunities 1.3.1 Smith and White Corporation The rest of the market consists of several domestic and foreign niche competitors with no one having greater than 5% share of the total market. The cordless tools market is growing at a high rate and can be tapped. 1.3.1.1 Recommended Strategies The company should focus on developing cordless tools as the market is growing at a very high rate of 10% per year. Research and development budget needs to be established and innovative designs and models should be developed to tap this developing market. In addition, the company should develop strategies to increase barriers to entry for...The manufacturing plant needs to be relocated to relatively economical area so that the cost of production can be reduced. Separate positioning is required for consumer and professional tools; hence the company should brand them separately. Smaller and manageable Strategic Business Units (SBUs) can be created which are more responsive to the changing market demand and needs. The company should engage the distributors using concept of vertical integration. The company needs to address this issue by establishing a division for producing power tools for consumer market including corded and cordless tools. These tools should be developed for individuals and Do-It-Yourself (DIY) type of users. The company should focus on developing cordless tools as the market is growing at a very high rate of 10% per year. Research and development budget needs to be established and innovative designs and models should be developed to tap this developing market. In addition, the company should develop strategies to increase barriers to entry for new competitors making it difficult for them to enter the market. In addition to raising barriers to entry for potential new entrants in to the market, the company should focus on untapped consumer channel power tools m