Measurements of Unemployment and Inflation Essay

Measurements of Unemployment and Inflation - Essay Example The output and the productivity of a business organization are significantly dependent on the employment as well as unemployment rates. This is because of Productivity = Output/Employment and therefore, Employment = Output/Productivity. Hence, it can be stated that the productivity of a business organization is directly proportional to employment. Therefore, it is quite important for the organizations to measure the unemployment rates in order to determine their productivity. These measurements further facilitate the organizations to prepare for the fluctuations that generally take place in the economy (Blanchard, Solow, & Wilson, 2012). Apart from unemployment, the business organizations need to measure the inflation as well. This is because of the reason that consumers’ spending and investment activities are chiefly dependent upon the rate of inflation. A high inflation rate discourages the investors and consequently reduces the amount of investment in the economy. Moreover, high inflation rates are likely to reduce the return on investment and further can result in a downfall in terms of demand in the economy. These reasons make it quite imperative for the management of an organization to carry out timely measurements of the inflation rates (National Grid for Learning, 2009). Furthermore, it is quite essential for business organizations to manipulate the price of their goods which is likely to be valuable when there is a high inflation rate in the economy. Re-pricing is a quite expensive process and in order to avoid frequent re-pricing of the products, the management of the organizations needs to measure the inflation rates. In addition, inflation causes the prices of the raw materials to grow high as well as the prices of other components to rise. These factors compel the business organizations to explore for contemptible raw materials and subsequently increase the cost for the organization. Owing to this, the management of the business needs to mea sure the inflation rate to minimize these costs. Moreover, with an increase in inflation rates, the business organizations face the demands for increasing the wage rates. This further leads to negotiation activities with the employees as well as the labor unions causing chaos in the management system. Therefore, in order to mitigate these threats, the management of the organizations are required to measure the inflation rates (National Grid for Learning, 2009). 2. What Analyses Might A Manager Do To Learn More About A Specific Company Or Industry? In order to learn more about a specific company or industry, a manager can carry out various analysis strategies such as the value chain analysis, Porter’s five forces’ model analysis, and SWOT analysis among others.

Scenario Exam Essay Example | Topics and Well Written Essays - 1500 words

Scenario Exam - Essay Example It is noted that Meredith Parker is a 36 year old woman who is a supervisor in a large department store. She works full time, leaving little time to spend with her two small children aged 4 and 2. Over the last two months, Meredith has lost 10kg and has now begun to experience episodes of right sided pain under her ribs, radiating through to her shoulder blade. These have become more frequent, lasting for several hours with episodes of nausea and vomiting. Following a GP referral and investigations she has been admitted to the ward for a laparoscopic cholecystectomy. She stopped taking the combined oral contraceptive pill one year ago and smokes 15 cigarettes per day. In pre-admission clinic her observations were: BP 140/84 mmHg; pulse rate 74 beats/min and regular; respiratory rate 17 breaths/min; temperature 36.8 o C, oxygen saturation 98%.Her waist circumference is 92cm. It is certain that with Meredith Parker’s case there are numerous foreseeable consequences that she is l ikely to encounter if appropriate professional procedure is not impressed. As clearly highlighted in the history of the patient, she is a smoker. Research indicate that smoking often rob the patient’s body of oxygen and significantly interferes with the body of the patient from recovering properly. As widely cited, there is need to impress exercise prior to any surgical procedure. Arguably, exercising increases the level of fitness of a patient and it also promotes quick recovery. However, this are limited to some period of time before hospital admission. Research suggests that before any surgery, a patient needs to be subjected to various diagnostic tests. These might include chest x-ray, CT Scan, biopsies, bone scan, ventilation studies, bronchoscopy, and perhaps blood work. These constitute the prospective assessment. However, one thing to content with is that these processes have to follow a particular protocol commonly referred to as ABCDEF. Certainly Meredith Parker has to adhere to the ABCDEF process. This way, she would be provided with A- Antibiotics shot/Anaesthetistconsulation, followed by B — Blood tests and Bowel for purposes of monitoring proper urinary output, then C — Consent from the patient in order to get be allowed to conduct a Chest X-ray (CXR). It is after this that Meridith Parker shall receive D — Drug chart, which would concern any previous medication/DVT prophylaxis treatment, she would then undergo E — Echocardiography (ECG) followed by F — Fluid monitoring and Food intake, in which she would be kept on nothing per oral (NPO) for at least 12 hours before surgery. In a rather practical approach to Meredith Parker, it is worth noting that there are various steps towards surgery that involve all these procedures in a very specific way and cover the details of management even in six hours post operatively. The first step is to take a detailed history about the symptoms. This includes presenting c omplaints, history of presenting complaints, social, family, personal and drug history. It is essential that all the associated symptoms should be checked. It is important to note if there has been any change in symptoms or if there is any doubt in diagnosis so that they can be checked again. After that, a detail examination is required. In our patient, we should especially