Manageial Economics - 724 Words

Professor D. Rawana Ann Marie Webb MG 640 05-02-15 Week 1 Assignment Chapter 1 – The fundamental of Managerial Economics Q 1 pare 27 Southwest Airlines begins a Bags Fly Free campaign, charging no fees for a first and second checked bag. Does this situation best represent? a) Producer-producer rivalry? b) Consumer-consumer rivalry? c) Producer-consumer rivalry? Explain your choice. Answer – A Southwest Airlines of charging no fees for a first and second checked bag resulted from producer-producer rivalry. In this situation there are fewer customers but there are a numbers of airlines. Therefore given that customer are scarce, Southwest Airlines are competing with other companies within the airline industries in†¦show more content†¦What are her economic profits? Economic profits are the difference between total revenue and total opportunity cost. Opportunity cost comprised of the explicit cost of the resource plus and the implicit cost of giving up its best alternative use. In the question the: Total revenue (25painters @ price $8,000) = $200,000 Explicit Costs = ($30,000) The best alternative cost foregone to continue being a painter Implicit Costs = ($110,000) Opportunity costs = ($140,000) Economic profits $60,000 Q 21 page 32 Brazil points to its shrimp-farming industry as an example of how it can export shrimp in the world market. One decade ago, Brazil exported a meager 400 tons of shrimp. Today, Brazil exports more than 58,000 tons of shrimp, with approximately one-third of that going to the United States. Brazilian shrimp farmers however, potentially face a new challenge in the upcoming years. The Southern Shrimp Alliance- a U.S. organization representing shrimps-producing countries is selling shrimp below fair market value. The organization is calling for the United States to impose a

Dreams Come in All Shapes and Sizes - 1706 Words

Dreams or goals? To me they are both the same thing. In life in order to reach our goals we have to be willing to consistently go after them. There are company goals, personal goals, career goals, family goals or health goals, they all must be pursued with passion and purpose. The challenges of life can sometimes try to choke out our goals (dreams) and many people lose track of what it is they really want. I personally refuse to stand by and watch this happen. So I think that dreams role is that they are like a â€Å"syrupy sweet† because they give all people hope and motivation for what they want out of life. Dreams give you countless benefits to better yourself and give you the option to go after what you truly want out of life. One benefit†¦show more content†¦And Lennie s face was drawn in with terror. ‘An whatta I got,’ George went on furiously. ‘I got you! You can t keep a job and you lose me ever job I get. Jus keep me shovin all over the country all the time.’ (Steinbeck 1.89). This is a detriment because it shows that dreams can be stressful and they could actually be to unrealistic that you would work your whole life for them to be accomplished and never succeed. Dreams could potentially get in the way of a possible future that you would ultimately prefer and that is what George is yelling at Lennie about. George is saying that without Lennie he would have a better life because he could chase his own dreams and not Lennie’s. Another detriment is when Mama said, â€Å"Yes, a fine man – just couldn’t never catch up with his dreams, that’s all. (Hansberry 1.1.208). This is a detriment because it means that once you die or hope has run out on your dreams they begin to die out like how a candle burns out when a strong wind blows. Dreams can be easily lost because they take a long time to come true and society’s patience has run thin through the many generations; thus, the lo nger a dream takes to come true the less motivated and hopeful of it being accomplished is. A final detriment of dream is when Asagai said, â€Å"Then isn’t there something wrong in a house – in a world – where all dreams,Show MoreRelatedTen Sacred Objects768 Words   |  4 Pageseverything. The Yin aspect is flowing, smooth, cool, and dark in nature. In fact, rain is considered to be yin energy. 5.) The Christian Cross. The Christian Cross is a symbol of Christianity all over the world. Jesus Christ was crucified on a wooden cross and resurrected from the dead so all mankind could have eternal life. The object is often seen as jewelry in gold or silver the people where. Many churches and graves have crosses made of stone, wood or metal to be blessed, pay tribute toRead MoreRelationship between Counting at an Early Age and Performance in Mathematics Later On948 Words   |  4 Pagesstart schooling with poor understanding of numbers and estimation of quantities have high chances of struggling with mathematics at a later age as compared to those who are comfortable with numerals at a young age. Lacking skills to estimate group sizes hampers the childs ability to master the concepts of how numbers relate with quantities and the relationship between these quantities. Here is the methodology used to reach this conclusion, Research process Researchers collected a group of pre-schoolRead MoreJack Solomon s Master s Of Desire : The Culture Of American Advertising1214 Words   |  5 Pages fears, desires, and beliefs†(Solomon). Advertisers continue to promote the American dream of what a women’s body should look like. They advertise their products in hopes for consumers to buy them, so they can look like the models pictures in the ads. Behind these ads, advertisers tend to picture flawless unrealistic woman with the help of Photoshop. In our society today to look like a model is an American dream and can be the reasons why we fantasizes and buy these products being advertised. â€Å"America’sRead MorePiaget Observation1518 Words   |  7 Pagesinto another glass of different size and the experimenter posed the same questions. That process was repeated once more. The third task involved two equal balls of clay and the subject answered the same questions again in relation to the amount of clay in ea ch ball. Then the experimenter rolled one ball into a snake-like shape and asked the same questions once again. The last task tested their thought process by asking them to answer a question: Where do dreams come from? The goal of these experimentsRead MoreAnalysis Of Rene Descartes s Meditations On First Philosophy1066 Words   |  5 PagesRenà ¨ Descartes, in Meditations on First Philosophy, wrote each section after successive â€Å"meditations.† In Descartes’s first meditation, he claims it is unable to be proven whether anything besides one’s mind actually exists, using dreams as an example. He mentions how dreams deceive him into believing things such as being â€Å"clothed in [his] dressing gown, seated next to the fireplace—when in fact [he is] lying undressed in bed† (460). Then he debunks the idea that one can know they’re not dreaming, byRead MoreIssues Of The Modeling Industry1013 Words   |  5 Pagesas pictures of overwei ght women. Women suffer from depression and anxiety. The modeling industry has been very harmful towards women in America. It effects women by not achieving a healthy, being strong, and confident body image regardless of shape and size. Having a skinny body is very important in the modeling industry. Bigger women always get turned down. This makes them feel unhealthy and not as beautiful as the other women that are modeling. The hard part for models is to keep their weightRead MoreThe Concept of Shaping a Surfboard1777 Words   |  7 Pagesthe concept of â€Å"shaping a surfboard†. There are many aspects to learn about this idea. In my paper I will introduce and compare two different concept of shaping a surfboard, one would be the â€Å"Home made hand shape†, the other one would be the â€Å"Machine computer intelligence shape†. First of all, surfing is a sport that would be characterized as a surface water sport that involves different types of activities, â€Å"Free rider, freestyle and big waves surf†. Surfing is a sport that uses a natural motionRead MoreThe Nightmare of Obesity Essay1067 Words   |  5 PagesMost of them have designed for the woman that she has a perfect body to slim body. Although it will have a big size design, it hard to find the style that look same the catwalk. The perfect dream of women is have a perfect shape. They can have the perfect shape in the correct ways by have an exercise, healthy food, and good rest. I am a one of those people that I want to have a perfect shape. It is not a good story if your friend, family, or coworker says hi to you by these sentences. â€Å"Are you fatterRead MoreThe American Dream : Dead, Alive, Or On Hold?916 Words   |  4 PagesThe concept of the American Dream has been with us as long as we have been a nation. In Brandon Kings â€Å"The American Dream: Dead, Alive, Or On Hold?† he presents us with his version of the American dream. According to Kings, the American dream is defined as â€Å"The potential to work for an honest, secure way of life and save for the future† (611). The American dream may differ between every individual and how they perceive it. To some, the American dream is to have a decent job and to be financiallyRead MoreTechnology And Social Media Of Our Generation1663 Words   |  7 PagesOur society is filled to the brim with visual images. Some more noticeable than others, yet they all impact our minds and thoughts dif ferently even if the ideal is not visible on the surface. Gender, race, age, social class, etc., they all come into factor when affected by images of society. Although they are just images, current day society has learned to take pictures and warp them into anything they want to create. Some see these new advances of Photoshop and editing as a form of art, signifying

Reflective Journal - ORganizational Behaviour free essay sample

I work in the ETD Brokerage team within the investment banking division of UBS securities LLC, a global financial institution. The Brokerage team’s main function is to collect and settle brokerage on trades which take place on exchanges globally. My role within the team is split 30% on reconciling trading files, fixing breaks to ensure a smooth collection/settlement of brokerage and working with the London team and the offshore team in producing reports, spreadsheets, graphs and presentations for senior management. It is then split 70% on project managing ‘change the bank’ projects. I am currently working on a project that involves the implementation of a new brokerage reconciliation tool. Motivation I specified interest in a position at UBS as I wish to pursue a career within this organization or one of similar standing when I return to the UK in August 2014. My main motivations for having a successful year here follow Maslows Content Theory (1943) but is more relevant to Alderfer’s (1989) ERG theory. My ultimate motivational need is to have a successful career in financial advisory. I feel I have not fully fulfilled the safety and esteem levels of Maslows hierarchy structure yet but I am aspiring for self actualization. Where Alderfer’s theory differs from Maslow’s is where it recognizes that focusing exclusively on one need at a time, in a strict order is not necessary or correct. Alderfer’s theory goes on to talk about Frustration-Regression, a principle that describes that where growth needs, what Maslow describes as self actualization, remain unsatisfied, an individual will become frustrated, will regress, become de-motivated and refocus on lower-order needs. In the past I have experienced this. In my last job there was little room for progression and with the UK being in an economical downturn, competition was higher than ever. This left someone like me, a fresh graduate straight out of university, with little work experience, struggling to get a good job. This I found very de-motivating and I started to re-focus on the lower level needs in Maslow’s hierarchy. This leads me on to my next theorist, Hertzberg (1968). Hertzberg’s two factor theory talks about intrinsic and extrinsic rewards. These rewards identify a certain type of motivation. I am motivated by a combination of intrinsic and extrinsic rewards. I am driven by money, power and success (extrinsic rewards) but I feel I would not achieve these without the motivations of intrinsic rewards pulling me through; those of self-satisfaction, appreciation and accomplishment. I strongly believe that job satisfaction is extremely important and getting the work/personal life balance right is essential for a happy life. This is one of the main reasons I want to become a financial advisor. Once recognized, your work can fit in around your personal life, arranging meetings with clients that suit you. I feel that once established in the industry both intrinsic and extrinsic rewards will be prevalent and I will constantly be motivated at work. Communication I think that communication in the work place and for self-development is such an important aspect to fulfill. My communication skills are average. I am actively looking at ways to improve them for my personal development and my career advancement. Thriving communication skills are an absolute must for the career I want to pursue. Liaising and developing positive relationships with clients is key to a successful financial advisory career. At UBS, my communication skills are exercised through many different streams. Within my team, the brokerage team, I have to communicate with all team members in order to work effectively on projects and tasks assigned. Poor communication within the team can lead to doubling up of work, the setting up of conflicting goals, poor performance, poor efficiency and can cause confliction socially. Me and a member of my team recently worked on a project together but did not communicate effectively and both ended up producing some of the same work. This was due to poor communication. In the ETD Brokerage Team we have weekly team meetings which I find are very useful in giving us an insight in to the work being done on the other side of the team. The flow of information is useful for broadening knowledge about the work of the team and in brokerage in general. These meetings also allow for us to bond as a team, we often do meetings over tea and biscuits. Sometimes even Dunkin Donuts! The relaxed leadership style exercised in these meetings allows for a comfortable setting and a good flow of conversation whilst reaching the goal of sharing information, issues, problems and ideas. As well as communicating with my team I also reach out to other teams within UBS, mainly the transition team, the equities team and the trade support team and also with counter-parties in resolving discrepancies, either via e-mail, face to face or via phone. The ‘go out and get it’ slogan incorporated in to UBS’s mission statement and organizational culture has pushed me to be more hands on in approaching others and has contributed towards my confidence in communicating with others as a whole. I have already noticed an improvement in my communication skills and in turn, the productivity of my work. I also manage an offshore team based in India. Communicating with offshore is much harder. The time difference means I can only liaise with the team from 8 till noon, USA time. As well as this obstacle, there are language barriers too. Although the team in India can speak proficient English, I do sometimes find it difficult to interpret their vocabulary and their accents and this sometimes causes confusion. This, however, is made easier with the use of our internal messenger system, Mind Align. Personality I took the Myers-Briggs (1985) type indicator test (MBTI) to determine the personality typology I fell in to according to Briggs. This test is a psychometric questionnaire. It was designed to measure psychological preferences in how people perceive the world and make decisions. The test identified that I was ‘The Visionary,’ abbreviated as ENTP. ENTP are abbreviations for extroverted a typology first identified by Jung (1921) characterizing a personality that is outgoing, active, quick to make decisions and very responsive to others. N, T and P then stand for intuitive, thinking and perceiving. In wholesome the visionary type person is lively, energetic, clever, inventive, analytical, logical, open-minded and spontaneous. I strongly agree with this typology. I have always been told I have an energetic and inventive personality. In work I have demonstrated these traits in projects that have been assigned to me thus far. I am currently working on a project that involves configuring a new system and I am tasked with setting the system to operate how I want it to. Doing this effectively involves understanding what I want the system to do and then being imaginative in thinking about the different ways that I can make the system operate. Personalities in the work place are a huge factor to be wary of as a manager. Conflicting personalities can affect an organizations culture and the productivity of work amongst employees. A manager, when interviewing for a new position within the team, should always be observing a person, trying to identify personality traits and working out if this person will fit in to the culture of the organization. This is as, if not more, important than the individuals experience and ability. I think in my team at work, we gel well together. Everybody gets on personally and this makes a huge difference to the vibe within the team. The culture is relaxed, friendly, open and honest with a team spirit ethos. Teams At UBS, I work in the Brokerage team made up of 6 employees onshore. In addition, I manage an offshore team of 8, based in India. I then work cross functionally with different departments within UBS. I work well in teams. My visionary personality means I am very outgoing and am very responsive to others. Tuckmans model (1965) explains that as a team develops maturity and ability, relationships establish, and the leader changes leadership style. I have found this at UBS, where my manger adopted a more professional and superior leadership style to start and as our relationship flourished and I have become more self-sufficient, her leadership style is more relaxed. Preferred learning style I took the Fleming (1987) VARK learning preferences test. My learning style was identified as ‘Visionary. ’ A visionary learner learns best through seeing. Seeing pictures, graphs, and diagrams and doing practical as opposed to theory. I learn best this way as I interpret images in my mind much better than words. I also find it easier to remember pictures and diagrams. At UBS, I produce presentations for senior management and like to use lots of images and graphs to make my points. This method not only allows me to present information in a more visual way but also allows me to understand and interpret the data better myself too. Personal Development (SMART) and Action Plan As identified in the earlier surveys and tests mentioned earlier, I am analytical, logical and pay great attention to detail. I then also feel like I am a great listener, and have good organization skills. I can take control of a situation but feel I could work on my confidence and communication skills and believe these are necessary attributes of a leader. I have constructed an action plan/development plan using the SMART steps identified by Locke (1990). This action plan is well regarded and has proven to see results on performance. The 5 steps to consider are; clarity, challenge, commitment, feedback and task complexity. Lockes research showed that specific and difficult goals led to better task performance than vague or easy goals. To follow these principles I have set myself higher than expected goals, goals that test my ability and take me out of my comfort zone. The sense of achievement once accomplished is extremely motivating. My goals are: †¢Network with senior Management more effectively – I have set up a meeting with Louise Gounday, – A top financial advisor currently working for UBS. (100 Top Women Financial Advisors Globally) †¢Undertake UBS Specific courses on top of my work and PGC course. †¢Take more ownership and leadership of my ‘change the bank project,’ in order to make a more valuable contribution leading discussions, posing questions and finding successful resolutions.

Story of My Llife Essay Example For Students

Story of My Llife Essay Normally a child doesn’t have to worry about how active they are. They can go outside, run around and be a normal kid; a child full of imagination and dreaming of being a mermaid or a prince who slays the dragon. I was once that kid. I could run around and never get tired. I could do anything I imagined I could do, because that’s what kids do. I never imagined I would have to stop, check my pulse, and hope I could continue on. From a very young age, I’ve been called lazy. I would be that one girl in cheerleading or softball who wouldn’t be able to finish the lap. We will write a custom essay on Story of My Llife specifically for you for only $16.38 $13.9/page Order now I would have these strange attacks where I couldn’t breathe because my heart rate was too high. At that time, I was told it was acid reflux and I should â€Å"start eating healthier to lose the weight† so I could â€Å"stop being lazy and actually be in shape. † So of course at the age of 9, I believed them. The beginning of my junior year of high school, everything changed. I started working out more, eventually losing almost fifty pounds. I’m supposed to be healthy now, right? Fifty pounds gone and you would think everything was better, right? Wrong. My symptoms grew increasingly worse. I first noticed these symptoms when I joined my high school weightlifting team. I was so excited to make the team that I vowed to myself I would work harder than I ever have just to prove to my coach that he made the right decision by putting me on that team. Everything was going great, up until conditioning day. I was a nervous wreck because I didn’t know if I would be able to finish the workout. I didn’t want any of my teammates to think of me as being lazy like I was told all those years back. Most importantly, I wanted to show myself that I could complete a tough workout. We were to run 2 laps around the track, run the bleachers 3 times, and do 1 lap of Indian runs. Halfway through the first lap, I became breathless, but I didn’t stop. When we were finally finished with the workout, I walked back into the weight room, sat down, and started to hyperventilate. I was embarrassed at the fact nobody else was having as much trouble as I was, even those who were way more out of shape than me. I finally checked my pulse to find it was at 224 beats per minute; which, at my age and small size, was most definitely not normal. After a few visits to the doctors office, I was told there was nothing structurally wrong with my heart, and that there really wasn’t anything wrong with me, that I was just out of shape, and was sent home. After a few more small attacks and one major attack, I was ordered to wear a heart monitor for a month. The worst part about it was it being scheduled for the month of July; right smack in the middle of summer. Instead of being a normal teenager going to the beach and having fun with my friends, I was stuck at home embarrassed about going out where everyone could see me carrying around some machine. I hated the fact that people give me these strange looks along with looks of sympathy because I was carrying around an annoying heart monitor. It made me different, and in today’s society, different is strange and considered not okay. When the test results came back, they said I was fine, that I only had a fast heart rhythm. As of now, I am still baffling the doctors with my strange condition. My pediatrician and parents know something is wrong with me, so they don’t give up. I have multiple tests being done that show different results, some normal and some questionable. .u05d6539c19b78cc9e7a8536d72fdff54 , .u05d6539c19b78cc9e7a8536d72fdff54 .postImageUrl , .u05d6539c19b78cc9e7a8536d72fdff54 .centered-text-area { min-height: 80px; position: relative; } .u05d6539c19b78cc9e7a8536d72fdff54 , .u05d6539c19b78cc9e7a8536d72fdff54:hover , .u05d6539c19b78cc9e7a8536d72fdff54:visited , .u05d6539c19b78cc9e7a8536d72fdff54:active { border:0!important; } .u05d6539c19b78cc9e7a8536d72fdff54 .clearfix:after { content: ""; display: table; clear: both; } .u05d6539c19b78cc9e7a8536d72fdff54 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u05d6539c19b78cc9e7a8536d72fdff54:active , .u05d6539c19b78cc9e7a8536d72fdff54:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u05d6539c19b78cc9e7a8536d72fdff54 .centered-text-area { width: 100%; position: relative ; } .u05d6539c19b78cc9e7a8536d72fdff54 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u05d6539c19b78cc9e7a8536d72fdff54 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u05d6539c19b78cc9e7a8536d72fdff54 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u05d6539c19b78cc9e7a8536d72fdff54:hover .ctaButton { background-color: #34495E!important; } .u05d6539c19b78cc9e7a8536d72fdff54 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u05d6539c19b78cc9e7a8536d72fdff54 .u05d6539c19b78cc9e7a8536d72fdff54-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u05d6539c19b78cc9e7a8536d72fdff54:after { content: ""; display: block; clear: both; } READ: Essay On Sigmund FreudNow I get breathless just by walking up the stairs. What surprises most people I tell this too, is that I work out twice a day, 5 times a week. I try my hardest to complete all of my workouts, but sometimes I have to stop even though I want to keep going. I never have, and never will, let my condition interfere with who I am as a person, as a student, or as an athlete. The quote I go by everyday is â€Å"There is always someone out there who is working harder than you are. † This quote drives me to be the best I can be, no matter what the circumstance may be.