Economics Assignment Example | Topics and Well Written Essays - 3000 words

Economics - Assignment Example ple believe that market system can help in creating a positive investment climate because the society as a whole decides upon what they want to pay for a particular good and services. This decision cannot be influenced by any other force except buyers and sellers. The idea is that the buyers and sellers will work out the price and this price will be just. Because it is set by the people everyone will be happy. Also firms will try to avail the opportunity to earn profits and will come and invest. They will supply what they think people will demand and everyone in the society will benefit or in other words investment climate will improve. Market system is also supported by many due to the increased competition between firms. When many firms are operating and there are no major subsidies or restrictions laid down by the government then all firms have equal opportunity to excel. This brings all the firms on the same level and then innovation increases as the firms want to do better than the other firms. As a result consumers get a variety of products and monopoly of suppliers is hindered. This also improves the investment climate of a country. If a firm comes up with a great idea then it temporarily enjoys abnormal profits. But because there are no trade barriers other companies also try to replicate the same idea and the profits of the first firm come back to normal. This is how market system encourages a positive investment climate. The interests of the firms, the consumers and the society as a whole are preserved and this is why many people think market system as the best mechanism for allocating scarce resources. In a market system of economy people’s need are catered well. Firms supply product or services if the buyers demand a particular product or services. Also people spend money on things they think will improve their life style so they are more contended. People also believe that resources are distributed evenly in a market economy. This is because

Managing Cultral Diversity Essay Example | Topics and Well Written Essays - 1000 words

Managing Cultral Diversity - Essay Example Employing a diverse workforce helps the organization to deal with diverse groups of clients. However, these companies will need to have effective diversity and inclusion strategies in order to retain their diverse workforce. This paper will seek to analyze how Nike, Adidas, and Puma handle diversity through a review of information on their websites. The company with the best diversity policy would be the best to work in for most people on the job market. For Nike, their mission has to do with the athletes and innovation, as well as inspiration that they give these athletes. Additionally, the company has various guiding principles that they expect their staff to adhere to, including that their main goal is innovation and that they should maintain Nike’s brand image (Nikeinc.com 1). When it comes to diversity, Nike’s website has a lot of information on their policy for inclusivity. According to their website, Nike relies on a diverse workforce in order to diversify their perspective, background, and opinion. They also harness their diversity to inspire ideas and innovation. From their website, it is clear that innovation is a central theme. In fact, Nike has a Diversity and Inclusion team whose responsibilities include sharing the essential nature of diversity and inclusion with the aim of building understanding and awareness, the utilization of diversity and inclusion in order to create inspiration for new ideas, and to encourage connections between players in their supply chain and within the organization (Nikeinc.com 1). According to the website, Nike also develops Nike Networks that seek to aid Nike in making increased strides towards diversity (Nikeinc.com 1). For example, in the United States, there are six networks for employees that are designed to focus on important communities working for the company. Each of the network’s intended purpose is to improve work performance, professional development, assist the company to recruit divers e skilled employees, and improve interaction and teamwork across their various work groups. These networks are central to the company given their prominence on their website, and they include the Native American employee network, the Latino employee network, the African American employee network, Asia-Pacific employee network, and the LGBT employee network (Nikeinc.com 1). The next website of the study was that belonging to Adidas, which also dealt with the issue of diversity, albeit not as prominently as Nike. The Adidas group, like Nike, aims to become the global leader in the industry by creating brands that have a passion for sports and the accompanying lifestyle (Adidas-group.com 1). Information on the website says that they are committed to the continuous strengthening of their products and brands to improve their competitiveness, that they are leaders in design and innovations seeking to aid athletes in reaching their highest skill levels with each product, and that they are focused on their clients with continuous improvements in quality (Adidas-group.com 1). In addition, the company is also a global entity with increased focus on environmental and social responsibility, which seeks to embrace diversity and creativity, whereas also being financially rewarding to shareholders, as well as employees. According to Adidas’