1. What is meant by the term ‘economies of scale?’ The increase in efficiency of production as the number of goods being produced increases. Typically, a company that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. 2. Explain why economies of scale are important to companies such as McDonald’s and GBK.
Economy can grow by two methods one by using more resources or by using same amount of resources more efficiently or effectively. And if the economic growth is achieved by using more productive resources it will result in increasing per capita
In the new global economy, intangible assets have become increasingly important. These intangible assets are referred to as Intelligent Capital (IC). An important aspect of IC is called 'Human Capital' (HC) (Abhayawansa and Abeysekera, 2008). The term human capital refers to resources substantiated in people, which have the potential of generating or yielding income (Stevens, 1999). The concept of human capital theory is based on developing people by investing in them, with the aim of making them more useful and more valuable to the society (Fincher, 2007).
The management of the company has decided to introduce changes to the business processes. The business process of the company would be enhanced through the use of latest technology. The goal of the management is to increase the sales revenue for the company by focusing more on the customer relationship management initiatives. Furthermore, the company also wants to analyze the analytical customer relationship management program. However, the final decision for the implementation of this analytical CRM project depends on the return on investment and the adequate payback period.
As today, the economy growth in the world is becoming more competitive so a college education is extremely important. In addition, by adopting the importance of college education, there seem to have many opportunities in working life, better social interaction among new friends and ways to lead an independent life for a college student. First, a college education provides a lot of opportunities for a student in their working life, especially for higher paid jobs in their future. David D M (2009) asserts that according to the U.S. Department of Labour, 90 percent of the fastest-growing jobs of the future will require some post-secondary education (Degree) or training. Furthermore, students will get the chances to get a higher paid job in a company if they pursue their studies in a college till a Degree programme is achieved.
Investment projects, via the multiplier effect should result in an increase in the GDP of the economy; However in order to undertake investment, there must a high savings ratio must be obtained as it is essential for the accumulation of capital. Labour plays a critical role in achieving economic growth. The higher the number of workers there is in an economy should lead to economic growth. If there are more people working and unemployment levels are relatively low, then there is likely to be the achievement of economic growth as human resources
Similar to the ideal of our Nation, to increase education and accessibility to all, for our country is better when more people get degrees as our company is. To have any real sustainability as a company, education is a primary factor in the success, not just for the elite few, but also for the masses. The introduction of increased benefits in the tuition reimbursement program will send a significant message of respect and caring to employees. The application of the program will show benefits daily. What better to invest in
Running head: THE VAULE OF PROVIDING TUITION REIMBURSEMENT The Value of Providing Tuition Reimbursement XXXXXXX The Value of Providing Tuition Reimbursement Even though employees might look elsewhere for a better job, educating employees makes them a more valuable and happier employee because with increased skills and knowledge, the employees become promotable and more productive. It helps develop an employee to think better logically and interact with a different group of people. Take on additional assignments, be a better leader, and will improve the company’s professional image when dealing with clients. Many companies now offer tuition reimbursement; the programs vary in some degree. Tuition reimbursement also helps
Globalization, force for good? “Overall, globalization is a force for good in the world.” In this essay I will be discussing whether globalization has improved our world or downgraded it. At this moment the nations of the world have a high level of independence, globalization has contributed to enriching countries, it provided opportunities to enrich countries. It impacted on markets and services in a positive way considering they have grown and are still growing. Not only have countries been given the opportunity to exploit their comparative advantages but they can also change their comparative advantages using technology, this gives them the chance to move up the value chain, which improves the living standards of people in poverty and increases their income.
Being able to continue and grow in academic success helps the student further his or her career and gain more experience in his or her career field, as well as promote his or her future successes as a professional. A person who is literate and knowledgeable about the subject matter can earn promotions to higher positions with roles that necessitate the employment of a well-educated employee. It helps open up various opportunities in a person’s career based off of everything they will have learned from an academic program. Academically successful adults are those who have a higher level of education. These people are more likely to gain employment as well as employment stability.