North Korea is not one nation that is often heard of in the news. Not everyone is really aware of what is actually going on inside North Korea and only a few aspects come out on the news because most of their operations inside the country are kept private other than their military efforts, and also since people who reside in North Korea do not have unlimited access to the internet so it is very hard for them to communicate with people from outside of the country and no one can just go out from the country, also, very limited people are allowed to actually enter the territory. So what exactly are the kind of businesses present in North Korea and how do businesses there cope without the help of the internet? [Read more…] about Business With and In North Korea
The announcement from the so-called Super Committee that it was impossible for them “to make any bipartisan agreement available to the public before the committee deadline” was just a confirmation of the view of many that this committee was doomed from the very start. Formally known as the Joint Select Committee on Deficit Reduction (JSC) , the committee was created by the Budget Control Act of 2011 on August 2, 2011 and was expected to come up with proposals to reduce deficits by November 23, 2011. The committee of 12 is composed of 6 Republicans and 6 Democrats coming from the Senate and the House.
With a gargantuan task at hand of finding ways to find acceptable deficit reduction steps to the tune of $ 1.2 trillion, the committee members came into the picture saddled with individual loads on their shoulder to negotiate without displeasing their respective parties. Republicans had always been opposed to new taxes while the Democrats had always been defensive of entitlement programs such as Medicare, Medicaid, and Social Security. The 12 met with uncompromising personal and party stands and acted like typical politicians and had no choice but to agree to disagree thereby accomplishing nothing.
It is evident that the current economic state of the US requires a compromise between the two opposing parties. Surely it is obvious that the big deficit can only be overcome by steps that would hurt including cuts in entitlements and the introduction of new taxes. The committee’s failure to produce results may lead to automatic across-the board cuts divided between defense and domestic spending or the so-called trigger mechanism which many are viewing with dread. Everyone knows that there is a need to transcend partisan bickering but to many politicians, political survival maybe a more realistic issue.
Being at the top of a corporation or organization would take a load off doing the dirty work that makes a business click. Most executives would not even be aware of the operational procedures since they are resigned to overlooking profits and developing strategies rather than understanding how the operations are vital towards producing and executing such plans.
Good managers are the ones who have worked their way from the rank and file position. They know about how a business suffers and gains. Managers immediately placed into power would normally not have an inkling of what the business is about unless they themselves try the individual job descriptions given to labor workers today.
The pathetic thing about it is that glaring figures make them smile but red-figures or losses make the blow their top off. Their duties have been concentrated on figures where they forget that attending towards the actual needs of laborers is also something that has to be taken into consideration.
[tags]management, leadership, authority[/tags]
After Barack Obama was proclaimed the 44th President of the United States, the economy looked like it was rebounding. At least for a day that is. Well it did, but similar to some developments in the past such as the approval of the financial bailout issue, stocks only improved for over a day. After that, everything went back to normal as most people were trying to think of a way to help the faltering economies of today.
Apparently it takes more than politics and intervention to help address these crazy business issues. While many of us are expecting the economy to pick up, investors and businesses are bound to wait and see what can possibly happen before making their moves. A new president is good news but Obama still has to prove he is worth the votes and trust.
Campaigning is one thing but putting promises into action is another. Many believe Barack Obama can help improve the economy of the US and once he does, the whole world will follow. But we have to wait for 73 days for that to happen, since that will officially be his first day at the White House.
So until that happens, the world is waiting. Is Obama worth all the hype? Can he change the fortunes? He can do only so much. But aside from the first Black President, it will take a lot of confidence as far as investors are concerned. Money has to come out of the pockets and that is one thing Obama has to think of together with trends governing us today.
It has been almost a week and nothing significant has been heard of with regards to the state of businesses and economies around the world. What gives? Apparently the whole focus is on the results of the elections which is currently underway to which Obama and McCain are slugging it out for the right to be proclaimed the President of the United States. At the moment, Obama holds a precarious lead but with the ballot counting underway, anything can happen.
The mindset of most people is an Obama victory. So what happens next once this happens? Well for one, regardless if it is Obama or McCain, the business sector is paying close attention to it since they want to know what plans the next U.S. president has in store. For sure, economic practices will change and hopefully for the best. At the moment, the business sector is losing confidence in making any investments, possibly holding it off until after the elections.
Asian markets are rising incrementally. We have seen this before. While they may seem to be rebounding bit by bit, it remains that nothing beats seeing a stable stock market once again. All eyes are on the U.S. presidential elections. The impact of the new president will certainly be prevalent to how the business sector will react to the new policies and trade practices after either Obama or McCain hold public office.
With that said, expect some fluctuations in the market. The only question is will it be good or bad.
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By now, the issue that is going around is the rejection of Congress on the financial aid and support that President Bush had pushed for to save a faltering economy. For sure, many businesses are saddened by this since it means they have to go about their financial worries alone. But on the other hand, the conservative businessmen are probably heaving a big sigh of relief since first off, it preserves the nature of capitalism and the obvious business responsibility of each corporate entity to ensure their current sustainability in the world of competitive business.
Being in business, such downward trends as far as financial life support for the proper corporate existence and security of each business enterprise is supposed to be the personal responsibility of most corporations today. Stating that the current economic crisis and perhaps shift in consumer buying behavior is not really the jurisdiction of the government. It is the duty of competitive businesses to foresee this and make necessary adjustments and provisions to avoid falling into that trap. Apparently most companies have taken situations for granted.
This is not really to generalize. It is a fact that businesses have been accustomed to the traditional age of doing competitive transactions. We are now in a different millennium and included in that is the continuous research and development to satisfy demands and determine strategies in maintaining corporate competence. Getting help from other parties such as the government is not excusable and may in fact put a large dent if that request would have eventually pushed through.