...Introduction 3 2.0 History of Economic Changes and comparing it to Forecast for the next Five Years 3 2.1 Changes in GDP 3 2.1.1 Economic Forecast 4 2.2 Changes in Savings 4 2.2.1 Economic Forecast 4 2.3 Changes in Investment 5 2.3.1 Economic Forecast 5 2.4 Changes in Unemployment Rates 6 2.4.1 Economic Forecast 6 2.5 Changes in Real Interest Rates 7 2.5.1 Economic Forecast 7 3.0 How Government Policies Can Influence Economic Growth 8 4.0 Influence of Monetary Policy 8 5.0 Influence of Trade Deficits or Surpluses 9 6.0 The market for loanable funds and the market for foreign-currency exchange 9 7.0 Recommendation based on the Achievement of the Strategic Plan 10 8.0 Conclusion 11 ALF Money and the Prices in the Long Run and Open Economies 1.0 Introduction (Creasey, Rahman, & Smith, 2012), defines economic growth as the rise of the monetary value of the goods and services produced by a country or an economy over a given period. Economic growth is simply the percentage change (increase or decrease) in the real GDP (gross domestic product) (Ahmad, 2013). "The economy of the United States is among the top largest economies in the world though it is facing stiff competition from other economies such as China," (Orhangazi, 2008). An analysis of the US economy reveals that it requires an aggressive growth plan which requires investment in equipment and facilities, increase in labor and productivity over...
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...MCS 2100 Personal Financial Management Case Study Jingyao Zhang 0626757 November 9th, 2011 MCS 2100 – Personal Finance Management: Case Study Abstract Jane is looking for possible investment ideas in order to obtain her future house down payment. She does not want to spend much time in managing her investments and has a medium-low risk level. Her goal on investment is seeking for growth for down payments on a house if she decides to pay 25 percent down payment. However, if she decides to pay less than 25 percent down payment, her investment goal is seeking for income. Different investment goal differentiates investment choices. The purpose of this case study is to recommend possible investment choices for Jane and the criteria used to evaluate those investment choices. Introduction Jane has inherited $30,000 from her grandmother and plans to invest this money for a future down payment on a house. Her plan is to buy a house outside of Toronto area in the next three to four years. She has a lost risk level of four out of ten as she does not want to lose the money she got from her grandmother. Moreover, she would like to obtain tax relief on her investment. At the same time, she only wants to spend about one hour per month in managing her investment. She has an adequate emergency fund on hand; therefore, she does not need to access these funds. Her travel expenses will be paid by her income. Investment Goals The primary investment goal is to obtain...
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...Table Of Contents 1. Executive summary 2. Business description 3. Market strategies 4. Competitive analysis 5. Design and development plan 6. Operations and management plan 7. Financial factors Executive Summary ATI Group is an international travel agency that comes with a motto of " IMPROVING TRAVEL SERVICES FOR THE NEW BREED OF CLIENTS" . Considering the fact that national tourism and travel industry world wide is growing at 4% annually according to Market research reports for Transportation Services industry, this industry would be a great success . ATI group is poised to take advantage of this growth and lack of competition with an experienced staff, excellent location, and effective management and marketing. ATI in order to achieve the goals needs to focus on the areas of Effective segmentation and targeting of adventure travelers within the larger travel market, Successfully position ourselves as adventure travel specialists, Communicate the differentiation and quality of our offering through personal interaction, media, and regional marketing and develop a repeat-business base of loyal customers in order to create sufficient sales. The travel agency market is competitive, and technology, namely the Internet and Computerized Reservation Systems (CRS), has changed the way travel agencies operate. The Internet gives agencies and individuals the ability to perform travel related research. One notable trend in the travel industry is increased deregulation...
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...University Develop an argument supporting the importance of a strategic plan for the success of the defined business. The importance of the strategic plan for any company and its success cannot be either ignored or nor minimized. The strategic plan should be established with the groundwork of any potential business. The strategic plan provides a basic foundation and framework that will give executives a path to follow in regard to business operations. The path will affect the entire roster of employees, from the top executive down to the lowest staff member and everyone in between. Understanding the company strategy is vital and ensures total compliance throughout the organization. Lifeline Resources, a new-comer to the financial services arena, must follow a detailed strategic plan to guarantee the company’s successful entry in the market and ensure government compliance. In addition to serving as a guide for a company, the process of strategic planning followed by its implementation offers several additional benefits to upper level management teams. Understanding the plan will allow management to guide and direct the staff to ultimately achieve the great mission and vision created at the inception of the company. Far too often companies come complacent with growth and their success will plateau. Management at a guided yet active pace will help limit the companies stagnate development. The plan covers various areas such as marketing, sales, customers, finance etc...
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...to know what elements of leadership are needed and valued in the organization and for what roles. (Leslie, J. 2009) The two skills I feel are necessary for the success of innovation and the formation of a successful innovative organization is Strategic Planning and Leading People. Within the initial creation of an innovation and innovator must have a strategic plan set to meet small goals in order to obtain or create that unique innovation. A strategic plan is a document used to communicate with the organization the organization’s goals, the actions needed to achieve those goals and all of the other critical elements developed during the planning exercise. (Leslie, J. 2009) Strategic planning – translating vision into realistic business strategies, including long-term objectives. The entirety of any organization's innovation work is situated in its broadly construed strategic strategic plan. Managers who are highly competent in this area typically articulate long-term objectives and strategies, develop plans that balance] long-term goals with immediate needs, update plans to reflect changing circumstances, and develop plans that contain contingencies for future changes (Leslie, J. 2009) Leading people is another leadership practice expressed in Leslie’s The White Paper necessary for a successful innovative organization. In order for an innovative organization to function properly there needs to be a leader in place with a unique attributes to bring out the innovator within its organization...
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...Gregory August 17, 2013 Abstract This paper takes a look at the effectiveness of the strategic plan and performance improvement in the healthcare organization that I have been a part of for the last 13 years. I am knowledgeable of the organizations’ strategic plan and have seen its growth. It will take the side of showing how a local non-profit organization has proven to be effective by many different measures, for example, new structures, new learning facilities, and new upgrades to facilities to offer many more services so that the county can get the best health care locally and may not have to travel to surrounding counties to be served. Show how the organization has gone beyond the road map to show the local residents that when they implemented their new strategic plain in 2008, they knew that it would be just a matter of time before the organization should grow and extend many possibilities to physicians, employees and patients. Main Body Strategic planning and performance improvement calls for the organizations’ growth to meet the needs of its services by improving their quality and services. I have had the opportunity to be a part of this growing organization for thirteen years and to be shown the effectiveness of its strategic plan to offer growth in the community by putting the actions behind their words. A “strategic plan is a tool that provides guidance in fulfilling a mission with maximum efficiency and impact and if to be effective...
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...health needs assessment (CHNA) at least every three years. The report must include a description of the community the hospital serves, the process and methods used to complete the assessment, input from persons representing the interest of the community, a prioritized description of the community health needs and a description of the existing health care facilities and available resources in the community. The CHNA must be available to the public by being posted on the hospital or organizational website. Hospitals must develop a written plan addressing each need identified in the CHNA, as well as provide implementation strategies for meeting the community needs (Adams, 2011). In the given case study, Trinity Community Hospital has complete their CHNA by identifying the communities major risk factors, ill health causes and actions required to address these issues. Trinity Hospital’s CHNA targets cancer, orthopedics and cardiovascular services within the hospitals primary service region. To complete the assessment the hospital utilized information from epidemiology surveys, planning guidelines from state healthcare facilities, physician interviews, interviews with other healthcare professionals and community focus groups. A.1. Major Risk Factors Identified in the Assessment Oncology Services In the evaluation of oncology services, the CHNA identifies that 15% of the population will be over 65 within the next five years. The CHNA also identifies that 50% of men and 33%...
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...Past Upon starting my education with the University of Phoenix program I was unemployed and actively seeking re-employment. Prior to losing my job I was running an exceptional sports program at one of our organizations premier facilities in a very affluent community. However, I was feeling as though I had hit a plateau in my career and professional development due to not having my degree. The next areas of professional growth for me in my field involve becoming an Executive Director or an Association Youth Sports Director, but both of these positions require me to possess a degree. Not having my degree completely removed these career options from my reach and left me trapped in a dead position without much room for future upward growth or mobility. I felt that finding time to continue my education and secure my degree was not an option. Continuing my education was very important for my personal growth and development. Experiencing the rewards of learning both as a student and as certified CPR and Lifeguard instructor of several years I feel strongly about the role that learning plays in an individual’s development. Learning new things helps to keep individuals connected and engaged in the world around us and adds understanding and value to our lives. Learning impacts every part of who we are as human beings and increases the potential for who we can become by challenging and expanding what we know or thought we knew about the world around us. Prior to attending...
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...Career Development Plan Growth is a Must 2014 to 2023 Growth is a Must Executive Summary “If you’re not growing, you’re dying” ~Anthony Robbins The quote above by life coach Tony Robbins, though extreme, is true and applies directly to my career development plan. Due to my work ethic and unique skill set, I have continually been given growth opportunities and in the past four years I have risen from a newly hired Sales Account Manager to Manager of Finance and Administration. My focus on constant growth, taking advantage of my strengths as I face new opportunities, and by knowing my weaknesses as difficulties come up, I will continue to be successful and bring value to the company. The following pages outline my career development plan for the next ten years. This plan will outline the specific path that ultimately leads to being the Chief Executive Officer. Each step along the way will be outlined with its specific rationale and timeline for completion. As you go through this plan you will see how my current strength in cross-functional leadership, as well as others, will be exercised and how my current weakness in finance, and other areas, will be addressed. Plan at a Glance 1. 2. 3. 4. Personal Assessments Areas of Strength Areas of Improvement Career Development Plan a. Master of Business Administration b. On the Job Training c. Human Resources d. Board Membership e. Master of Science in Accounting f. Succession g. Necessary Changes 5. Appendix A: Assessment...
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...jeopardizing their business goals/ profitability. This report also provides insight into the financial concerns, needs, habits and expectations of employees in each of these five countries. In this article they studied the trends of Australia, India, Mexico, The United Kingdom and Brazil. It is using these five countries a representative sample of different economic and workplace environments. The markets have been divided into two categories: Australia and The United Kingdom are mature, industrialized markets. Brazil, India, and Mexico are high-growth emerging markets, similar to Russia and China. In the two mature markets of Australia and The United Kingdom pension plans are very different. For example, Australia has a pension plan dictated by the government, which requires contributions both from employers and employees. In the U.K., private companies provided pension plans with little to nothing government contribution compared to the other developed countries. In these un-and-coming three countries there is a high level of financial anxiety due to the crisis of 2008-2009, accompanied by the lack of preparation to meet long term fiscal health issues. These three countries combined total population amounting to 1.5 billion, makes them a big concern for the global economy. In a chart in the article, high-growth markets main financial concerns and work/life goals of employees are having enough money to pay bills, while the United Kingdom main...
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...classified in different sectors throughout the world. In our country, there are basically two types of banking system-commercial banking system and specialized banking system. Commercial sectors can be classified under four categorized -Nationalized Commercial Banks, Local Commercial Banks, and Foreign commercial and Islamic Banks. Though all these types banking system are same in mission of profit making but they differ in their applying strategies, purposes and visions. Here we studied on five banks selected from five types of banking system. We focused on the different types of loan they provide and deposits they receive, analyzed their performance on the basis of different ratios and statistical trends to make comparison among them. Objectives of the report Report writing based on information analysis is as a part of our B.B.A. program. Through report writing we are able to know the present situation of studied topic. The main objective of this study is to make comparisons among five types of banking system existing in our country. Other objectives may be identified as following: * To keep ourselves abreast of with current situations of the different banking systems. * To strengthen relation with banking environment. * To increase overall skill so that we can be more modern and challenging to manage our future business Methodology Sources of data: We have collected the data from both primary and secondary sources. I. Primary Sources: We have...
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...Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan Josephine Olinger BUS/475 NOVEMBER 25, 2014 PROF SARITA WESLEY Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan This paper will outline and explain the strategic objectives for Adecco Group using the format of a balanced scorecard. The balanced scorecard is a frame work that is used to translate a strategy into operational terms, while providing measures using the following four quadrants; Financial Perspective, Customer Value Perspective, Process or Internal Operations Perspective, and finally Learning and Growth (Employee) Perspective. These objectives are based on an evaluation of a number of potential alternative processes and opportunities that are identified on Adecco’s SWOTT Analysis. Adecco’s financial objective is to achieve an increase in the staffing and placement area of their business. Adecco believes that an average growth of seven percent for the next five years will increase their market share greatly within this five year period. Adecco’s strategy will start with an aggressive plan where they will be looking to increase their market shares in the U.S and North American markets. Those great gains will offer Adecco a chance to continue to compete with its other major competitors. Adecco understands the value of those that they serve and the objectives that they look to implement in their process of growth adecco.com (2014). Shareholder...
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...* * Looking Toward the Future …… p. 3 Personal Goals …….. p. 3 * Physical Shape * Impact on Family Professional Goals ….. p. 4 * Business Owner * Passion/Personality * Past Experiences Leading To My Dream Academic Goals …….. p. 5 * Business Administration * SMART Goal Process References …….. p. 6 Looking Toward the Future In the next few years my life will be transitioning. May, 2015, I will be separating from the military and becoming a civilian. Having served for five years in the United States Air Force I know this may be difficult. Yet, I find myself excited to start the process. Lately, I have taken a step back and took a look at my life thus far. From my physical physique, my professional development, and my drive to accomplish my dreams. At twenty five I feel as if the journey to success is just beginning. My goals to reach two hundred pounds (currently 180) is now within reach. Months after my separation date I will be opening my first of hopefully many sneaker boutiques in Scottsdale, Arizona. As of next week I will have completed my first college course towards my degree in Business Administration. With the wide variety of emotions I am experiencing I know this journey will come with ups and downs, and some with high risk. Taking the time to plan for the best but prepare for the worst I believe has put in position to be prepared for whatever may come my way. Personal Goals Maintaining physical shape goes beyond...
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...directly markets one product: a unique coffee cup with a patented ball bearing sliding mechanism. Nathan Jr. and a group of 10 other executives run the company. [Team’s chosen name] Corporation has received a large sum of money from a venture capitalist. The venture capitalist and Nathan Jr. are predicting 100 percent growth in five years. To achieve that growth, productivity will need to increase at a similar rate. Therefore, this proposal provides a suggested business model update. Further, the functional areas updates are indicated to assist the business model to predict, plan, and implement future growth and profits. In this proposal, the problem of the outdated business model and functional areas is addressed with new ideas and new employees to implement them. The 100 percent growth projection in five years can become a reality with the managers’ ideas about these questions: 1. What will my updated business model look like? 1. How can my functional area managers modify their activities and objectives to help the corporation achieve 100 percent growth in five years? 2. How can each functional area adhere to a code of ethics with such fast growth? 3. What new ideas can we implement in the functional areas? 4. What are the issues facing the company and the employees? 5. What will the job titles, descriptions, and skills of new employees in the updated...
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...Stalin initiated Russia’s first Five-Year Plan to focus on economic growth. A Five-Year Plan typically includes a planned economy, which is enforced through quotas. Stalin’s plan involved the introduction of collectivism to expand several industries and help Russia compete with other more technically advanced countries. Its main goal was to industrialize the predominantly agrarian country and become self-reliant. In addition, this process of collectivism destroyed the class of kulaks or wealthy independent farmers. In spite of their best efforts to prove communism superior, the increase in production remained minimal, and the toll the plan took on its citizens was heavy. Though some maintain that its initiation was economically beneficial because it boosted Russia’s economy and helped make them a superpower, Stalin’s Five Year Plan’s negative social impacts outweigh this consequence, as the use of fear and collectivism led to famines and the degradation of individuals. With Stalin’s totalitarian regime and enforced collectivism, the negative social impacts included the starvation of many individuals and fear of the government. During the Five-Year Plans, Stalin introduced a secret police, known as the NKVD, that took out...
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