YOY Percentage Change in Key U.S. Economic Indicators

U.S. Economic Performance Measures 2005 2006 2007 2008 2009 2010 Real GDP Growth (average annual) 3.10% 2.66% 1.91% -0.34% -3.49% 3.03% Personal Consumption Expenditures 3.34% 2.85% 2.30% -0.55% -1.89% 2.03% Gross Private Domestic Investment 5.54% 2.74% -3.24% -10.17% -25.03% 17.93% Net Exports of Goods Services -5.06% -0.93% 11.05% 23.74% 27.49% -17.56% Government Consumption Expenditures 0.33% 1.36% 1.34% 2.60% 1.69% 0.68% Standard CPI (average annual) 3.39% 3.24% 2.85% 3.85% -0.34% 1.64% Unemployment Rate (average annual) 5.10% 4.60% 4.60% 5.80% 9.30% 9.60% 10 Year Treasury Rate (average annual) 4.29% 4.79% 4.63% 3.67% 3.26% 3.21% *Sources:   Bureau of Labor Statistics, U.S. Dept. of Commerce/BEAAdvertising We will write a custom term paper sample on YOY Percentage Change in Key U.S. Economic Indicators specifically for you for only $16.05 $11/page Learn More The four major macroeconomic themes that stand out and that have affec ted the profitability of the commercial banking industry since 2007 are: The level of real national income (GDP) A country’s gross domestic product, or GDP, is the price tag placed the economic products produced in any given year. It is measured by adding (personal consumption expenditure, gross private domestic investment, net exports of goods and services and government consumption) minus the imports† (Wolfe,2012, par.1). A â€Å"real† Gross Domestic Product considers inflation and the measure of the value of the goods and services using their prices from the previous year. A country’s real national income and rates of interest can be connected to the effect that change in income has on the interest rates (Wolfe par. 3) Real national income decreased from 2007 to 2009. This could have a negative effect on the commercial banking industry in the following ways: Reduced real GDP can result in reduction of the rates of interests on loans. This is because red uction in GDP can mean the economy is in a recession, therefore less investors will be spending their money and hence there is less demand for funds. As a result, the banks are likely to reduce the lending rates therefore reducing its profits. Reduced GDP can also mean that the government will reduce benefits such as subsidies therefore discouraging investments the more.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The real national income increased from 2009 to 2010. This could have a positive effect on the commercial banking industry in the following way: Increase in real GDP or national income can cause interest rates to rise. This is because the economy is performing well (booming) and therefore more people will be investing. Investors take advantage of the booming economy by establishing monetary, educational and administrative institutions and facilities. In order to finance s uch projects, they will have to obtain funds. Mostly, the funding is in form of loans and mortgages from banks. This demand for loans will force the banks to increase the lending rates resulting in increased profits. Unemployment rate It is the percentage of the workforce that is registered as unemployed. The unemployment rate increased from 2007 to 2010. This could have been caused by recession among other factors. Unemployment reduces the level of investments because investors feel that the market lacks sufficient money to buy their commodities. When investors are discouraged from investing, the demand for funding reduces. In addition, the unemployed persons tend to spend and consume less (Kibilko par. 2). They don’t have a tendency of acquiring loans either. As a result of reduced funding demand or loans, banks will reduce the interest rates consequently reducing their profits. Standard CPI (Consumer Price Index) It is a measure of weighted average of prices of a basket of consumer goods and services. Changes in the standard CPI are used in assessing price changes that are associated with the cost of living. There was increase of standard CPI between 2007 and 2008. This could denote a period of inflation. Inflation is accompanied by falling purchasing power since the cost of living rises when inflation rate increases. Due to inflation, investments are also likely to reduce since the prices of building or investment materials are high.Advertising We will write a custom term paper sample on YOY Percentage Change in Key U.S. Economic Indicators specifically for you for only $16.05 $11/page Learn More These factors can lead to reduced lending rates by the banks (â€Å"Consumer Price Index:Definition of Consumer Price Index-Cpi† par. 1). As a result, there is reduced profitability in the commercial banking industry. On the other hand, there was fall of the standard CPI in 2009. The drop is an indicator of deflation. De flation means that the cost of living of living is low. This will increase the purchasing power of consumers. The investors are attracted by positive consumption habits and therefore they will want to invest more at this time. In order to obtain funding, investors will end borrowing loans or commodities from the banks. The banks as a result, will increase the lending rates. As a result, the commercial banking industry realizes increase in profits. 10 Year Treasury Rate The Treasury rate refers to the recent rate of interest that investors acquire from debt securities that are issued by the Treasury. The federal government uses various ways of borrowing money from the public. One such method is by issuing 10-year notes which earn interest in every six months (Langsdorf par. 2). 10 Year Treasury Rates reduced between 2007 and 2010 meaning that investors earned less interest from them. Investors get discouraged by investments that yield little income to them. That is why many big inves tors go for the long term instruments such as bonds and notes. Such investors expect high benefits in the long run. If such expectations are not met, it could discourage them. With fewer investments, banks will experience reduction in the level of borrowers. They will result to reducing their lending rates in order encourage borrowers. The repercussions of this are that the profits decline.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Agreement or disagreement with specific numbers including comments about the Congress, the White House, the international scene, and the Fed up to date Real GDP Growth The real GDP growth is expected to rise from 2.2% in February 2012 to 2.6% in February 2013. I tend to agree with the focus because there arms or bodies in the government that have authority to implement favorable rules that can increase national income. For instance, Congress has power to regulate commerce with foreign nations and among states. Actually, the sixteenth Amendment gives Congress the power to collect a national income tax without apportioning it among the states. Therefore, real national income is likely to increase given these circumstances. Internationally, businesses are stable and this could work out performance The Fed also has the authority to affect economic growth positively. For instance, it can regulate the monetary policies about price control, interest and tax rates in order for them to favo r economic growth. Standard CPI The Standard Consumer Price Index is expected to remain constant at 2.1%. I agree. The level of prices is likely to be the same because the consumer levels are expected to change narrowly. Since the level of income growth is minimal, it is possible that consumer’s expenditure levels will be almost insignificant. Additionally, the level of government spending will be less. With reduced spending patterns, demand for commodities will be minimal and since prices are determined by demand, the prices of commodities are likely to remain constant. Unemployment Rate I disagree that the level of unemployment will reduce from 8.3% in February 2012 to 7.9% in February 2013. This is because the policies being put in place to control the rate of unemployment are either slow in implementation or they are ineffective. For instance, the Congress had to debate on how to extend federal unemployment benefits which were to expire at the end of the 2011. Actually th e law makers were uncertain how long it was going to take and the strings to be attached to an extension. This uncertainty in solving important issues such as unemployment is an indicator that the level of unemployment is not likely to reduce any time soon (Hook and Peterson 22). 10 Year Treasury Rate 10 Year Treasury Rate is expected to rise from 2.2% in February 2012 to 2.9% in 013. I agree. This is a government borrowing instrument that takes an investor up to 10 years to recover. Given that the international markets are stabilizing after recession, many countries are increasing their investments locally and internationally. Additionally, many investors are coming up in order to take advantage of the stable and promising income. They invest intensely on local and international treasury instruments as well as establishment of international markets. As a result of the extensive investments, and the favorable market conditions, the investors are likely to benefit from increased inco me in interest. Fed Actions The Fed conducts monetary policy. It does this through three means: open market operations, changes in reserve requirements and changes in the rates of discounts. Government bonds, securities, price control, and subsidies. Reserve requirements is the money that the banks are expected to maintain for smooth operations. â€Å"Discount rates are benefits obtained from massive buying of commodities such as reduced prices† (â€Å"Cliffnotes: Monetary Policy† par. 1). Fed Actions over the next six months In order to improve economic growth, I expect Fed to increase its open market operations such as purchase of government bonds in order to obtain more funds from the public. When Fed borrows from the public it will increase income capacity. Additionally, it can increase reserve requirements of the banking sector which will increase their lending capacity, and investments. As a result, the economy’s GDP is expected to rise. Fed Chair should t ry to create a stable currency and reduce inflation rate instead of going by the Fed’s main monetary policy which is price control. Since price should be controlled by market forces, Fed should consider using Friedman’s suggestions to stabilize the dollar. For instance, it should use other monetary policies such as the regulation of the monetary base, reduction of inflation and unemployment rates. Fed should also aim at job creation and educating job seekers so as to overcome obstacles that prevent equal employment. It can do this by targeting employment initiatives, educational job training† (Weller par. 2). It should also exercise collective bargaining of wages and benefits in order to reduce the gap between the high and low income earners. Educating people on equality can also reduce this gap in earning. Encouraging of self-employment through creation of youth funds can also help alleviate unemployment rate and poverty levels in the short run. Since the job ma rket is saturated, Fed can allocate funds to the unemployed in order to help them implement creative ideas. This way, the level of income is likely to increase. Fed can also organize trade fairs and seminars in order to help businesses to promote and advertise the local products. This will increase awareness and sale of such products. With time, the level of income will increase. Fed Actions over the next two years In the long term I expect Fed to change its monetary policies. It should change its rules and fundamentals in order to have a wider base of controlling economic growth. Instead of Fed using the price control as its main tool to regulate macroeconomic factors of the economy, it can use other tools such as reduction of unemployment and inflation, reduction in tax levels, subsidies, reduction in trade regulations and lowering of interest and exchange rates. As a result, the level of real GDP is expected to rise. The White House is also encouraging short term borrowings in or der to achieve long term solutions. President Obama advocates of this economic mechanism. Although short term borrowing can lead the country to financial crisis, if used carefully, it can generate income as well as create employment in the long run. Fed should also consider increasing its exports. This involves increase in selling of the country’s goods and services to international buyers. When exports rise above the level of imports, income is likely to increase. On the other hand, the country should reduce its imports by encouraging local production. This will mean that it is spending less in obtaining goods and services. Another strategy is removal of tariffs on imports. If the country removes tariffs on its imports, it is very possible that its neighboring countries will remove tariffs from its exports. This way, the level of income will rise because there will be increased revenue from increased exports. Conclusion Macroeconomics involves external factors that affect th e level of economic growth. These external factors include national income (GDP), unemployment rate, standard CPI and treasury rates. GDP growth is the value of a nation’s products and services. Its determining factors are consumer expenditure, exports, government expenditure, investments and imports. Increase in real GDP determines the interest rates, level of expenditure, and investment in a country therefore affecting borrowing and the level of profitability of the banking industry. On the contrary, decrease in GDP will result to reduced profits. Unemployment rate is another external factor that affects the profitability of the banking industry. It reduces the expenditure levels therefore discouraging investors. Once investors feel that their goods will lack sufficient demand, they resist from taking the risks and therefore shy away from investing. This affects the commercial banking industry since there will be reduced borrowing from the investors. Otherwise, when the rat e of unemployment is low, the level of profits is expected to rise. Standard CPI accounts for the level of prices as determined by consumer demand. When the consumer demand is increasing, it can indicate inflation which subsequently means that the cost of living is high. This is accompanied by reduced borrowing and loss in profits by the banks. When the Standard CPI is reducing, it can be an indication of deflation. Deflation is associated with lower cost of living and improved expenditure patterns. As a result, the banking industry achieves increased borrowing for investment purposes therefore increasing profits. An increase in the 10 Year Treasury Rate means that the investors can reap higher interest incomes from their investments. They will in turn result to borrowing from the banks in order to increase their investments. This results in improved profits by the banking industry. The Fed can initiate several factors in order to increase the level of economic growth. These are sub sidies price controls, regulation of interest, import and export rates, incentives, removal of tariffs, encouragement of local production, increase in exports, decrease in imports, seminars and trade fairs and allocation of youth funds to encourage innovation. With these factors in place, the level of economic growth is very likely to increase. The level of GDP is expected to rise as well as the 10 Year Treasury Rates. On the other hand, the unemployment rate will reduce, as well as the Standard CPI. As a result of increased economic growth, the banking, educational, administrative, manufacturing and other industries in general, are expected to increase their profits. Works Cited Cliffnotes: Monetary Policy. Web. Consumer Price Index: Definition of Consumer Price Index-Cpi. Web. https://www.investopedia.com/terms/c/consumerpriceindex.asp#axzz1rA0dptHA. Hook, Janet and Kristina Peterson. â€Å"Congress Wrestles with 2012 Unemployment Benefits Extension.† The Wall Street Journa l (2011). Print. Kibilko, John. The Effects of Unemployment. Web. https://www.sapling.com/7762708/effects-unemployment. Langsdorf, Jonathan. Treasury Rate Definition. Web. https://pocketsense.com/treasury-rate-definition-6680672.html. Weller, Christian. Spotlight on Poverty and Opportunity: Short-Term Labor Solutions Can Help Persistent Poverty among Minorities in the Long Term. Web. Wolfe, Martin. The Effect of Real Gdp on Interest Rate. Web. https://bizfluent.com/about-6632885-effect-real-gdp-interest-rate.html. This term paper on YOY Percentage Change in Key U.S. Economic Indicators was written and submitted by user K0lten to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Learn to Code in 3 Months With Harvards Online Courses

Learn to Code in 3 Months With Harvard's Online Courses Harvard’s â€Å"Introduction to Computer Science† course is widely regarded as the best computer science course online and serves as a rigorous starting point for thousands of online students every year. Plus, the course is flexible: there’s an option for you whether you just want to look around, are dedicated to completing every assignment, or want to earn transferable college credit. Here’s some straight talk: â€Å"Introduction to Computer Science† is hard. It’s designed for students without previous computer programming experience, but it’s no walk in the park. If you enroll, you can expect to spend 10-20 hours on each of the nine project sets in addition to completing a complex final project. But, if you can dedicate the effort required, you’ll gain tangible skills, have a much more in-depth understanding of computer science and develop a better sense of whether or not this is a field you want to pursue.   Ã‚   Introducing Your Professor, David Malan The course is taught by David Malan, an instructor at Harvard University. Before creating the course and teaching at Harvard, David was the Chief Information Officer for Mindset Media. All of David’s Harvard courses are offered as OpenCourseWare – at no cost to the interested public. The primary instruction in â€Å"Introduction to Computer Science† is delivered through David’s videos, which are professionally filmed and often use screens and animation to get the point across. Fortunately, David is both concise and charismatic, making the videos an easy watch for students. (No dry, 2-hours-behind-a-podium lectures here). What You’ll Learn As an introductory course, you’ll learn a little bit of everything. The curriculum is broken down into twelve weeks of intense learning. Each weekly lesson includes an informational video from David Malan (generally filmed with a live student audience). There are also walkthrough videos, in which David directly demonstrates coding processes. Study session review videos are available for students that may be less comfortable with the material and need additional instruction in order to complete the problem sets. Videos and transcripts of videos can be downloaded and watched at your convenience. Lessons introduce students to: binary, algorithms, Boolean expressions, arrays, threads, Linux, C, cryptography, debugging, security, dynamic memory allocation, compiling, assembling, File I/O, hash tables, trees, HTTP, HTML, CSS, PHP, SQL, JavaScript, Ajax, and dozens of other topics. You won’t finish the course as a fluent programmer, but you’ll have a solid understanding of how programming languages work. What You’ll Do One of the reasons â€Å"Introduction to Computer Science† has been so successful is that it gives students the opportunity to apply what they’re learning while they’re learning it. In order to complete the course, students must successfully finish 9 problem sets. Students begin creating simple programs from the very first week. The instructions for completing the problem sets are extremely detailed and even feature extra help videos from past students (proudly wearing their black â€Å"I took CS50† t-shirts for solidarity with the currently-struggling). The final requirement is a self-guided project. Students can choose to create any type of software using the skills and programming languages they’ve learned throughout the course. Enrolled students submit their final project to an online fair – after the class is over, projects are shared through a website for peers to see what everyone else has been up to. Students needing extra assistance can work with Harvard tutors online for $50 an hour. Did You Want a Certificate With That? Whether you just want to take a peek at the course or want to earn college credit, â€Å"Introduction to Computer Science† has an option to help you get started coding. EdX is the easiest way to access course materials at your own pace. You can sign up for free to audit the course, with full access to videos, instructions, etc. You can also opt to donate $90 or more for a Verified Certificate of Achievement upon completion of all coursework. This can be listed on a resume or used in a portfolio, but will not give you college credit. You can also view course materials on CS50.tv, YouTube, or iTunes U. Alternatively, you can take the same online course through Harvard Extension School for about $2050. Through this more traditional online program, you will enroll with a cohort of students during the Spring or Fall semester, meet deadlines, and earn transferable college credit upon completion of the course.

Accountant

How comfortable are you working long hours to achieve success? Working overtime or extra hours will not be a problem for me, because I used to work 10 hours per day and to work overtime to finish some special tasks in my previous Job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found. 2. How eager are you to keep on learning to stay ahead of the curve? I am more than happy to learn in the work place because I value the process of continuous improvement. As long as I was instructed to handle something new in my previous ob, I felt excited and satisfied. The double-loop learning process benefits me from applying new knowledge and techniques to work-related areas and self-reflecting the aspects that I can improve. In addition, I am actively pursuing academic success outside work place. For example, I am the youngest CMA candidate in my CMA session. 3. Can you deal with the income volatility that you will be facing during the first few months? I have no financial problem preventing me from accepting a Job if the income is low at the beginning. I worked as a no pay intern during the first two months in my previous Job. Since I am still young, I never put salary as the top priority in searching for a Job. The thing I concern more is whether this Job can help me to develop my competitive edge or not. 4. How comfortable are you working long hours to achieve success? Working overtime or extra hours will not be a problem for me, because I used to work 10 hours per day and to work overtime to finish some special tasks in my previous Job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found. . How eager are you to keep on learning to stay ahead of the curve? I am more than happy to learn in the work place because I value the process of continuous improvement. As long as I was instructed to handle something new in my previous Job, I felt excited and satisfied. The double- loop learning process benefits me from applying new knowledge and techniques to work-related areas and self-reflecting the aspects that I can improve. In addition, I am actively pursuing academic success outside work place. For example, I am the youngest CMA candidate in my CMA session. 6. Can you deal with the income volatility that you will be facing during the first few months? I have no financial roblem preventing me from accepting a Job if the income is low at the beginning. I worked as a no pay intern during the first two months in my previous Job. Since I am still young, I never put salary as the top priority in searching for a Job. The thing I concern more is whether this Job can help me to develop my competitive edge or not. 7. How comfortable are you working long hours to achieve success? Working overtime 8. How eager are you to keep on learning to stay ahead of the curve? I am more than session. 9. Can you deal with the income volatility that you will be facing during the me to develop my competitive edge or not. 0. How comfortable are you working long some potential risks and problems that I found. 11. How eager are you to keep on youngest CMA candidate in my CMA session. 12. Can you deal with the income 13. How comfortable are you working long hours to achieve success? Working overtime or extra hours will not be a problem for me, because I used to work 10 hours per day and to work overtime to finish some special tasks in my previous Job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found. 14. How eager are you to keep on learning to stay ahead of the curve? I am more than happy to learn in the work place because I value the process of continuous improvement. As long as I was instructed to handle something new in my previous Job, I felt excited and satisfied. The double-loop learning process benefits me from applying new knowledge and techniques to work-related areas and self- reflecting the aspects that I can improve. In addition, I am actively pursuing academic success outside work place. For example, I am the youngest CMA candidate in my CMA session. 15. Can you deal with the income volatility that you will be facing during the first few months? I have no financial problem preventing me from accepting a Job if the income is low at the beginning. I worked as a no pay intern during the first two months in my previous Job. Since I am still young, I never put salary as the top priority in searching for a Job. The thing I concern more is whether this Job can help me to develop my competitive edge or not. 16. How comfortable are you working long hours to achieve success? Working overtime or extra hours will not be a problem for me, because I used to work 10 hours per day and to work overtime on resolving some potential risks and problems that I found. 7. How eager are you to keep on learning to stay ahead of the curve? I am more than happy to learn in the work place because I value the process of continuous improvement. As long as I was instructed to handle something new in my previous Job, I felt excited and satisfied. The double-loop learning process benefits me from applying new knowledge and techniques to work-related areas and self-reflecting the aspects that I can improve. In addition, I am actively pursuing academic success outside work place. For example, I am the youngest CMA candidate in my CMA session. 18. Can you deal with the ncome volatility that you will be facing during the first few months? I have no financial problem preventing me from accepting a Job if the income is low at the beginning. I worked as a no pay intern during the first two months in my previous job. Since I am still young, I never put salary as the top priority in searching for a Job. The thing I concern more is whether this Job can help me to develop my competitive edge or not. 19. How comfortable are you working long hours to achieve success? Working overtime or extra hours will not be a problem for me, because I used to work 0 hours per day and to work overtime to finish some special tasks in my previous job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found. 20. How eager are you to keep on learning to stay ahead of the curve? I am more than happy to learn in the work place because I value the process of continuous improvement. As long as I was instructed to handle something new in my previous Job, I felt excited and satisfied. The double-loop learning process benefits me from applying new knowledge and techniques to work-related areas and elf-reflecting the aspects that I can improve. In addition, I am actively pursuing academic success outside work place. For example, I am the youngest CMA candidate in my CMA session. 21 . Can you deal with the income volatility that you will be facing this Job can help me to develop my competitive edge or not. 22. How comfortable are to finish some special tasks in my previous Job. Sometimes, I spent my personal time on resolving some potential risks and problems that I found. 23. How eager are you am the youngest CMA candidate in my CMA session. 24. Can you deal with the edge or not.

Economic analysis Essay Example | Topics and Well Written Essays - 1750 words

Economic analysis - Essay Example This paper assess a year by year economic indicators from the year 2012 to the year 2014 Economic growth is the measure of the change in gross domestic product, abbreviated as GDP. On the other hand, GDP is defined as the market value of the goods and services attributable to labour and property located in the economy. The gross domestic product measures the national income (sum of factor incomes) and output for a given country’s economy. It is equal to the total expenditures for all the final goods and services produced within the economy for a given time frame. The United States GDP in the year 2012 was worth 16, 244.60 Billion dollars1 and this value it was the worlds highest and over 25 % of the total value of the world’s economy. This was a growth from 15, 533.80 Billion dollars recorded in the previous year. This signaled a growth of 2.8% on the GDP recorded in the year 2011. Economic theory asserts that an economy’s GDP consists of total consumption, total investments and net exports; the latter is the difference between the total value of exports and imports. The estimated value of the decomposed components of the GDP were as follow; household consumption -70.9%, government consumption-19.5%, investment in fixed capital-12.8 %, investment in inventories-0.4%, net exports of goods and services negative 3.6 %.2 At the estimated percentage of more than 70%, indeed consumers are the engine of the US economy. Consumers spending have grown rapidly out of confidence in the 2011 economic growth. In the United States, the country has grown to be an imported consumer oriented goods and services shown by the negative value of the net exports, which means that the value of imports exceeded the value of exports. Consumer spending at percentage of 70.9 out of the GDP is the single largest piece of spending. During the period that transverse the dip and the recovery,

Individual Strategic Business Planning portfolio Essay

Individual Strategic Business Planning portfolio - Essay Example By virtue of the sophisticated technology JetFan Ltd expects to capitalize on the demand for sophistication by the consumers. The amount of money required for the business initiative has been stated as $2.5 million worth equity capital. Moreover by way of ‘intellectual property’ rights the company will be able to avoid any duplication of the impeller technology in the market besides giving it a good brand name. So the Executive Summary portion of the business plan clearly highlights all the aspects relating to fund requirement, project worthiness etc. Overall it can be said that the portion covers all the relevant questions making it an ‘excellent’ one. Business Description The business plan has been stated as ‘commercialization’ of impeller technology in worldwide market by entering into alliances with the leaders in the fan manufacturing market. The product offered by the business has been stated clearly in section â€Å"Creating the JetFan R evolution† where it has been stated that the business plans to offer small-sized, quieter and convenient fans to the consumers. This is an expansionary business opportunity. The reasons for the success of the plan has been outlined in the section â€Å"Why use JetFan and why now†. Here the benefits of adapting to the new technology have been stated as stall-free, miniaturization, less power consumption, reduced noise etc. The pressure differential advantages of JetFan over the conventional axial flow have been presented by way of a chart. The growth forecast for the JetFan market has been anticipated to be 15 percent every year. The section â€Å"Creating the JetFan Revolution† highlights the unique features of the JetFan’s unique impeller design. It has been mentioned how the JetFan scores over traditional plans in terms of higher airflow, improved efficiency, long battery life etc. Besides it has been stated how the JetFan reduces the inventory and tooli ng costs for the manufacturers. So overall in the business plan the details relating to nature of the business, products offered, its unique benefits, future growth prospects, salient product features and the unique business characteristics have been clearly outlined. So overall a good description of the business has been given. Marketing The market size has been conservatively estimated at 350 million small fans. This has been expected to grow by 15% annually. The market trend has also been anticipated to be strong owing to the fast replacement of the desktop computers with portable computers. The business plans to sell its impellers to the manufacturers in various industries. This implies that the business will not supply to the customers directly rather it will function as an intermediary as the plan clearly states that the sale of the impellers will be mainly to the manufacturers. The plan states that the business faces direct competitions from the manufacturers of specialist fa ns like Papst, NMB and Sunon. In the event JetFan decides to manufacture complete units of fans then it is expected to face significant direct competition. These fan manufacturers occupy a sizable portion of the market. However, it has also been stated that if the company sticks to the production of fan impellers instead

The Civil War Essay Example for Free

The Civil War Essay The American Civil War and also known as the War Between the States was a war fought from 1861 up to 1865 between the Northern and Southern United States. The war has led to over 618,000 casualties. There were several reasons to why the Civil War has occurred in the United States. Firstly, the Northern and the Southern have different economies. With the invention of Eli Whitney’s cotton gin in 1793, cotton became very profitable. This machine reduces the time taken to separate the seeds from the cotton. This leads to big plantations set up to meet up the demand of cotton and these plantation owners needed cheap labors, i. e. slaves. Hence, the Southern economy was based on agriculture and slavery while the Northern economy was based on industry and wages. These different economies caused a big division in the United States. On contrary, the northerners became more polarized against slavery. Sympathies began to grow for abolitionist and to fight against slavery. Besides that, the election of Abraham Lincoln as the president of United States is also one of the reasons that trigger the Civil War. He wanted slavery to be abolished and even before the election, seven states have seceded from the Union, which are South Carolina, Mississippi, Florida, Alabama, Georgia, Louisiana, and Texas, and formed the Confederate States of America (CSA) because they believed Abraham Lincoln was anti-slavery and in favor of the Northern interests. The Southern also felt that abolishing slavery would destroy their economy.

Frederick Winslow Taylor: The Father of Scientific Management :: Frederick Taylor Management Labor Essays

Frederick Winslow Taylor: The â€Å"Father of Scientific Management† Introduction This paper is in response to the assignment for a paper and short speech concerning a person with relevant contributions to the world of management. Frederick Taylor is affectionately referred to as the â€Å"Father of Scientific Management.† The modern systems of manufacturing and management would not be the examples of efficiency that they are today, without the work of Taylor. Frederick Taylor was instrumental in bringing industry out of the dark ages by beginning to revolutionize the way work was approached. Taylor was able to increase wages, productivity and reduce per piece costs at the same time. Taylor's work was eventually adopted in a wide array of applications. Taylor's ideas had a significant influence on the industrial life of all modernized countries. Even Lenin went as far as to publish an article in Pravda , â€Å"Raising the Productivity of Labour,† based on the writings of Taylor. Thus Taylor changed the way the world conducted business. Taylor's work was an extension of technology. It was a marriage of human work and technology. His Priniciples of Scientifiic Management was conceived to be free of value judgement. The Younger Years   Ã‚  Ã‚  Ã‚  Ã‚  Frederick W. Taylor was born into a well-to-do family in Philadelphia in 1856 . His family was not wealthy , but they were well exposed to the high culture of the local society. Growing up it was expected that Taylor would study to become an attorney. Taylor attended Phillips-Exeter Academy. He was a devout student, doing very well with his studies. To achieve good grades, Taylor studied many long hours. It was quite unfortunate that Taylor was to miss Harvard Law School due to bad eyes that doctors attrributed to studying in the poor light of a kerosene lamp. In later years it was realized that his eye problem was actually caused by stress, as it improved after he left Phillips. Taylor moved back home after graduating from Phillips. He realized that he should take up a trade and got a job as an apprentice machinist and pattern maker. Having spent four years learning his trade, Taylor got a job as a yard laborer at Midvale Steel Company.   Ã‚  Ã‚  Ã‚  Ã‚  Taylor realized that at this point he needed to continue his education. He convinced the people at Stevens Institute of Technology to allow him to attend classes long distance. He would study in his spare time in Philadelphia and go to the school in New Jersey to take his exams. In June of 1883, Taylor graduated with a Mechanical Engineering degree. He subsequently joined the American Society of Mechanical Engineers (ASME).