The Next Economy And America s Future Essay - 1949 Words

The following memorandum is a direct response to Robert Reich’s book Aftershock: The Next Economy and America’s Future (2013). It includes an overview of Reich’s diagnosis of the economic issues facing America, as well as relevant analysis for consideration by the President and Congress. The following text considers a potential prescription for the issue of income equality and a prediction regarding the potential action or inaction of the United States government on these issues. 1. Diagnosis According to Robert Reich, the problems in the American economy do not stem directly from Wall Street bonuses or failed regulation, but instead from the reneging of the promise Reich refers to as the â€Å"basic bargain† (Reich, 2013). The basic bargain underlines a contract between employers and their employees that stipulates that employees will be able to earn enough to purchase the products their employer sells. The author cites Henry Ford as a primary example of how the unstated contract brings about prosperity. In 1914, Ford announced that he would pay his workers three times the typical factory salary at the time. The result was that the people who built his Model T automobiles were able to purchase them themselves, and only two years later, Ford’s profits doubled (Reich, 2013). Reich believes that the failure of this contract has resulted in a lack of collective buying power available to the middle class, and is characterized by a failure to create higher standards of living, betterShow MoreRelatedRobert B. Reich s Aftershock The Next Economy And America s Future 1900 Words   |  8 Pagesclaiming it can help in achieving overall happiness and allowing members of the society to have a right to individual freedom when coping with the changes brought by public policy. On the other hand, Robert B. Reich’s â€Å"Aftershock the next Economy and America’s Future† talks about overcoming our problems by keeping a tier of classes. This paper discusses the contradicting views of these two writers. There are several essential differences in Reich’s and Murray’s points of view. According to ReichRead MoreIndonesi A Successful Model Of A Muslim Nation Practicing Democracy1489 Words   |  6 PagesIndonesia is the world’s third largest democracy and the world’s largest Muslim country. The country is also the largest economy in Southeast Asia and a member of the G-20 major economies. (G-20, 2015) The bilateral relationship between the United Sates and Indonesia is significant if for no other reason than the first two facts mentioned. The cooperation between the United States and Indonesia (a successful model of a Muslim nation practicing democracy) can have far-reaching effects past Indonesia’sRead MoreThe President Of The United States Essay1666 Words   |  7 PagesClinton, or a surprise candidate that takes the role of president, there will be change. A lot will change with a new president, there will be new laws, new policies, and a new fac e of America. But one of the most important changes that everyone is and will be concerned about is the state of the economy. Whether our economy will rise, fall, or stay the same as it is now we will have to wait to find that out. Each candidate has different plans, policies, and ideas to help improve the United States. SomeRead MoreRelations Between The United States And Mexico1218 Words   |  5 PagesMexico have never reconciled because of Mexican Wall. Latin America will not be a priority in the external relations from the White House in the coming period. In fact, to this point of U.S foreign policy with Latin America, Mr. Trump has no idea about it. However, many experts can offer a few comments on the relationship in the future between Mr. Trump and Latin America. More specifically, there will not be a priority for policy in Latin America from the new President of the United State, Donald TrumpRead MoreA Growing Nation Essay1191 Words   |  5 Pageswould affect America in ways that would have never been expected. The 1900-1940 era would have truly been an exciting time to live in. Over these four decades Americans would face some of the most difficult, and demanding trials in Americas history. These decades helped to firmly establish the American identity and without them America would be vastly different. When looking at how these four decades helped to establish the American identity one must look at the events, and the economy. The firstRead MoreThe Pros and Cons of Globalization Essay1680 Words   |  7 Pagesglobal economy? (Introduction to Globalization, 2004). Another article states, ?Globalization is an inevitable phenomenon in human history that?s been bringing the world closer through the exchange of goods and products, information, knowledge and culture. But over the last few decade, the pace of this global integration has become much faster and dramatic because of unprecedented advancements in technology, communications, science, transport and industry? (The Growing Integration of Economies and SocietiesRead MoreHalf Slave And Half Free Essay1277 Words   |  6 Pagesarose during the Antebellum Era in America that fueled the eruption of the Civil War. According to Levine, tension arose due to conflicting interests in the depths of the free-labor based economy of the North and the slave-labor based economy of the South which boiled up to a point that led the newly formed nation to a civil war. Levine starts off by giving a brief history of slavery and shifts to discussing the way in which it revolutionized the economy of America, and the role that it conveyed inRead MoreDeveloped and Developing Countries1618 Words   |  7 Pagessystem, this includes the US and Canada, Western Europe, Australia, New Zealand, Japan and South Korea. Developing countries are emerging markets across Asia, Latin America and Africa. And undeveloped countries are mainly African nations which remain vastly poor, such as Mali and Somalia. Before I go on about the BRICS countries of the future, I will start with today’s BRICS nations why they are in BRICS. First, the B, Brazil. Brazil has sustained a high GDP growth rate as its Gross Domestic ProductRead MoreThe United States Of America1674 Words   |  7 PagesThe United States of America is the world largest single economy with a lot of trade activities with other nations. The country has traded with other nations for centuries hence it is an important economic partner (Jensen, Quinn Weymouth, 2015). The country normally has a lot of influence in the world trade since it serves almost all the nations worldwide. In fact, most of the trade policies that affect the whole world have been proposed by the United States of America. Moreover, the country isRead MoreIsrael Is Considering For Their Easy Sailing Economy1413 Words   |  6 PagesIsrael, also known as the Holy Land. Most people only recognize Israel for the history of the City and for becoming allies w ith America. What most people do not know is the impact of foreigners in their economy. Israel is considering for their easy sailing economy. Israel currently has a modern market economy and excels in natural gas that was discovered off shore. Local business are supported by continuous high technology startups per capita. In 2013 Israel ranked ninetieth as one of the highly-developed

Walt Disney s Corporate Strategy - 988 Words

1. What is the Walt Disney Company s corporate strategy? (20 pts) †¢ â€Å"The Happiest Place on Earth†! Walt Disney’s corporate strategy focuses a lot on the family. They want to achieve family focuses content with the uses of technology to create an experience that will be the most memorable. Another key point of their strategy is to widen their reach of families on a more international scale. Being better than the competition has placed Walt Disney in the forefront. Media networks, theme parks, studio entertainment, and interactive media are just a couple of business categories Walt Disney is involved in. When a lot of people think of Walt Disney, the first thing they relate his name to is kids kids amusement parks. Walt Disney not only†¦show more content†¦The Walt Disney Company owns stations such as ESPN, Disney Channel, and Lifetime. With the advancements of technology as well as the easily accessibility of these networks, they seem to be the most profitable for the Walt Disney Company. CEO Bob Iger, also believe s technology has played a role in the successes of the Walt Disney Company, â€Å"It’s no longer just a television network†¦it’s a media world. And it’s rich. And it’s no longer just in the home; it’s everywhere!† (Iger p.8). †¢ I know for sure that everyone has at least been to a Disney World Theme Park or knows someone else who has been. The industry of theme parks has also been quite profitable for the Walt Disney Company. The slogan of it being the happiest place in the world really draws people from all over the world to experience it! I can say from personal experience, it really is a very magical place! The Walt Disney Theme Parks have been a successful industry for the Walt Disney Company and continue to draw over 17 million people each year. †¢ The attractiveness of the industries in the Walt Disney business portfolio are quite diverse. They play a key part into what the Walt Disney Company is today. Their attractiveness is something they will keep for a long time to come. 3. What is your assessment of the competitive strengths of Walt Disney Company s different business units? (20 pts) †¢ This answer will be quite similar to my answer for question 2. The strengths of the differentShow MoreRelatedWalt Disney s Corporate Strategy1610 Words   |  7 Pages1.Walt Disney’s corporate strategy is called as Broad Differentiation. The strategy based on three principles which are following; - creating high-quality family content by incorporating a diverse range of businesses to its structure - to be a brand for every member of the family, not only children – such as Disney theme parks and resorts, its media network includes ESPN and ABC, Disney Cruise Line, studio productions, consumer products and interactive media channels. - make entertainment experiencesRead MoreWalt Disney Company s Corporate Strategy1805 Words   |  8 PagesMGMT4850-C1 12 October 2015 Case 3 What is Walt Disney Company’s corporate strategy? Walt Disney is a famous name known to families across the globe. It has plenty of well known famous characters primarily animated cartoons. Animation and cartoons are not the only thing that Disney is well known across the globe for though. Disney builds strong family brand in the entertainment industry. Disney is not just a cartoon and animation producing company. Disney is a corporation that includes media networkRead MoreWalt Disney Companys Mission Statement1134 Words   |  5 Pagesof entertainment that the Walt Disney Company has created. Countless public relations professionals wonder, How can such a vast Fortune 500 company creates such intimate relationships with consumers? The answer is simple, The Walt Disney Company has a top of the line in-house public relations team that work tirelessly to create, implement and cultivate strategic PR campaigns and internal company policy that draws consumers into the gates of their empire. The Walt Disney World Company has grown substa ntiallyRead MoreDisney Corporation : A Media And Entertainment Corporation931 Words   |  4 PagesINTRODUCTION The Walt Disney Company is a media and entertainment corporation that is centered in the United States but also spans across North America, Europe, Asia- Pacific, and Latin America. Disney has five main components in which it operates, which includes media networks, parks and resorts, studio entertainment, consumer products, and interactive. The media network component of Disney Corporation includes broadcast and cable television networks, television production operations, televisionRead MoreDisney : Disney s Strongest Presence1007 Words   |  5 PagesDisney Offices/Locations Disney’s strongest presence is in the United States. However, with operations in more than 40 countries, approximately 166,000 employees and cast members around the world, Disney sets the standard for the future of entertainment. Whether it s Disney or Marvel, ESPN or PIXAR – in China or the United States, India or Argentina, Russia or the United Kingdom, the people of The Walt Disney Company create content and experiences in ways that are relevant to the many culturesRead MoreDisney s Corporate Strategy For Long Term1314 Words   |  6 Pages-------------------------------- Title Page Page 2 --------------------------------------------------------------------------------------Table of Contents Page 3 ------------------------------------------------------------------------- Disney s Corporate Strategy Page 4 ----------------------------------------------------------------------------- Assessment of long-term Page 5 -------------------------------------------------------------- Assessment of Competitive Strengths Page 7 ----------Read MoreDisney : Disney And Pixar Merger1187 Words   |  5 PagesDisney and Pixar Merger The strategy that led to the merger of Disney and Pixar was a simply business deal with two companies that has been working with each other for years. Pixar initially began in 1979 as the Graphics Group, as a piece of the Computer Division of Lucasfilm. The gathering basically chipped away at PC equipment. Apple prime supporter Steve Jobs later obtained the company in 1986. The studio sought after its fantasy of making the first PC vivified full-length film. In 1995, PixarRead MorePorters Five Forces Model1257 Words   |  5 PagesPorters Five Forces Model 4.1 Threat of new entrants Since the Walt Disney Company has been able to find a very unusual niche within the industry, the barriers to entry are relatively high. The company is to grow in the position over a long term period , and must be from the departments of research and development ( R D) , marketing and finance to develop . Dependence on past experience , the company representatives know , to a large extent what the target customer wants. Threat of substitutesRead MoreWalt Disney1491 Words   |  6 PagesThe Walt Disney Company: The Entertainment King Case Analysis The Walt Disney Company is one of the largest media and entertainment corporations in the world. Disney is able to create sustainable profits due to its heterogeneity, inimitability, co-specialization and immense foresight. It also successfully uses synergy to create value across its many business units. After its founder Walter Disney s death, the company started to lose its ground and performance declined. Michael Eisner became CEORead MoreDisney s Current Published Mission Statement Essay1357 Words   |  6 PagesDisney s Current Published Mission Statement Walt Disney s does not have a distributed vision articulation. On the other hand, their current Statement of purpose can be found on their site (The Walt Disney Company, n.d.). The current statement of purpose peruses as takes after: The mission of The Walt Disney Company is to be one of the world s driving makers and suppliers of diversion and data. Utilizing our arrangement of brands to separate our substance, administrations and customer items,

Employment Law Employment Tribunals Procedure and Practice

Question: Discuss about the Employment law writing up about a tribunal visit? Answer: Employment tribunal hearings are one of the most interesting and crucial hearings in the present situation of our country. Though we are considered to be a developed country and advanced in all forms and walks of life certain incidents and events still shock us and send cold chills through our backbone. I will recount my experience of a visit to the employment tribunal where a recent case regarding the violation of the employment laws of the country was scheduled to be heard before a single bench. This case is an example of such a shocking incidence that has forced us to think that are we still living in the past or the present? The case was regarding the alleged violations of various provisions of the Equality Act, 2010 which is the governing legislation for employment in the country. The said case was between a Mr. M. Naveed and his current employer Spearmint Rhino (an incorporated company) where it was alleged by Mr. Naveed that he had been subjected to racial discrimination in his office on a continuous basis by his colleagues and by his seniors. The relevant legislation as quoted by the parties is the Equality Act, 2010 and the provisions thereunder relating to racial discrimination in the workplace. In the courthouse, Spearmint Rhino was represented by a Ms. De Reya who was their solicitor of choice. On the other hand, Mr. Naveed did not have anyone to represent him in the court of law. That being said, Ms. De started her representations on behalf of the respondents in the case (Spearmint Rhino). In her submissions on behalf of the respondents, she disputed and denied all the allegations made by Mr. Naveed on racial discrimination. They emphasized on the fact that their company is a well-reputed business concern and neither the company nor any other employee of the company resort to any means or form of racial discrimination. Overall, they totally condemn any form of racial discrimination within and outside the organization done by any person whatsoever. Their solicitor further said that the officers of the company and the people in the management of the company are reputed and respectable people of the society and they have worked hard and have a considerable amount of contribu tion to the society at large. Ms. De Reya also cited the names of various charitable organizations involved in the upliftment of the weaker sections of the society and organizations engaged in the development of the people who are of different origins. Coming back to the case in hand, Ms. De Reya claimed that the accusations made by Mr. Naveed are baseless and are out of context. She presented a total different picture of the situation. Her main point argument was that the company had only three laptops and at that point of time was unable to provide Mr. Naveed a spare laptop to complete the job assigned to him. Ms. De Reya contested that this incident was taken by Mr. Naveed in an offensive manner which led him to think of it as racial discrimination. She further submitted that this was a misunderstanding on part of Mr. Naveed and has nothing to do with the mentality and outlook of his colleagues. In support of her arguments, Ms. De Reya presented a witness in the court and written statements from four people who work with Mr. Naveed in his office. All the evidence pointed in one direction; that it was a misunderstanding of Mr. Naveed and nothing in the nature of racial discrimination happened. The sworn statements and the version of the witness were unquestioned because Mr. Naveed did not have any legal representation in the court. The day in court ended with the respondents making their representations and submissions of the case. The contentions and the submissions from the claimant's side are yet to be heard and evaluated by the judge. The judge advised Mr. Naveed to get a council for proper representation of his case. He also gave Mr. Naveed the option of presenting his own case, but reminded him that if he represents his case he will not be entitled to a retrial at a later date on account of not having a solicitor to represent his case in a proper manner in the court of law. The judge ended hearing of the case by giving a next date for hearing the same case and said that it will hear Mr. Naveed's side of the story. Introduction Employment rules and regulations have undergone drastic changes over the years with new governments bringing out certain amendments to existing legislations and introducing new ones. Reforms are being planned from early 2012 (Urwin, Latreille and Karuk, 2012). The government aimed their proposals to simplify the employment laws and to bring about an ease to the business concerns and the employees. The major reform came in the form of "The Employment Tribunals (Constitution and Rule of Procedure) Regulations, 2013" (The Employment Tribunals (Constitution and Rule of Procedure) Regulations, 2013, 2015). Later a few more changes were made in 2014 (Carse, 2015). We will take a look at the changes brought about by the new regulations and the amendments because of that (Cushway and Hallsworth, 2012). Though the regulations received a few criticisms of not being user-friendly, it brought a few new changes in the existing areas (Cabrelli, 2010). Some of the main changes are as follows: Rejection of Claims by the Tribunal: The Tribunal was given the power to reject a claim, if it lacked vital information or if the claim is not accompanied by the requisite amount of fees. Claims could also be rejected if it is not maintainable (Employmenttribunals.gov.uk, 2015). Rejection of Responses by Employers: In cases where the employer misses their deadline to respond to a certain claim; their responses, if any, will be rejected outright by the tribunal and the hearing will be done ex parte but default judgments are not to be passed by the court. The only option for the employers here will be to apply for "Reconsideration" and will be compelled to explain why the rejection of the Tribunal was wrong (Employmenttribunals.gov.uk, 2015). Sift Stage: This is the most important aspect of a hearing. This implementation is done by an Employment Judge after he receives all the necessary documents related to the case and includes the Response of the employer (Sargeant and Lewis, 2012). Based on these documents the Judge comes to a conclusion about what is to be done in a particular case. Claims are scrutinized at every level of their genuineness and maintainability. Preliminary Hearings: Case Management Discussions and Pre-hearing Reviews have been dispensed with and "Preliminary Hearings" are introduced in their place. All the concerned and connected matters are to be decided in the preliminary hearings. Amendments regarding Applications: The pre-requisite of the applicants to explain the fairness of the sought order passed have been eliminated, and they are no longer required to file such an explanation document with the tribunal. Reconsiderations: Reconsiderations can be filed either by the Tribunal on its own or by any of the parties to the case. A party to the case shall file reconsideration within fourteen days of passing of the order by the Tribunal with the required explanations (Rothstein et al.). Thus, it can be noted from the above points that the new regulations brought about some changes from the procedural aspect. The Tribunal has been given some new powers that it can exercise to reduce the complexity of trying cases. Some more changes in 2014 New rules were proposed in 2014 and came to effect in the month of April. The new rules were designed to lessen the burden of the Employment Tribunal. The new rules stipulated that claims against employers cannot be directly filed with the Tribunal (Gov.uk, 2015). All the necessary documents of the case along with the application are to be filed with Advisory Conciliation and Arbitration Service (ACAS) (Acas.org.uk, 2015) first. ACAS was entrusted with the job of providing relevant information, advice, training and other related services to the employers and the employees and help them resolve the disputes without involving the employment court (Gov.uk, 2015). Previously, ACAS was only informed about a particular case only after the Tribunal proceedings were issued. But at present ACAS will be doing all the necessary dealings before the case reaches the court (Ross, 2010). It is the duty of the ACAS to co-ordinate between the concerned employee and the employer and tries to resolve the matter and come to a conclusion (Nolte and Ghosheh, 2010). If the matter is not resolved and settled, ACAS issues a certificate in this regard after completing the ongoing conciliation. After this certificate has been issued, the claim can be lodged with the Tribunal (McColgan, 2005). The introduced mechanism of dispute resolution has voluntary nature regarding the whole process and thus, does not have any legal effect. But the cases are to be reported compulsorily to ACAS prior to filing with the Tribunal. This gives a scope to the parties to resolve the problems among themselves with the help of a professional conciliation body. This proves to be beneficial to both the employer and the employee in most of the cases. This also gives a buffer to the Tribunal before trying cases which in turn reduces the ever-growing burden of cases on the Tribunal. References Acas.org.uk, (2015). Home | Acas. [online] Available at: https://www.acas.org.uk/index.aspx?articleid=1461 [Accessed 26 Jul. 2015]. Cabrelli, D. (2010). Employment law. Harlow, England: Pearson Longman. Carse, A. (2015). Employment Tribunals Procedure and Practice. Industrial Law Journal. Cushway, B. and Hallsworth, I. (2012). The employer's handbook 2012-13. London: Kogan Page. Employmenttribunals.gov.uk, (2015). HM Courts Tribunals Service. [online] Available at: https://www.employmenttribunals.gov.uk/ [Accessed 26 Jul. 2015]. Gov.uk, (2015). Solve a workplace dispute - GOV.UK. [online] Available at: https://www.gov.uk/solve-workplace-dispute [Accessed 26 Jul. 2015]. McColgan, A. (2005). Discrimination law. Oxford [England]: Hart Pub. Nolte, C. and Ghosheh, N. (2010). Working conditions laws report 2010. Geneva: Ilo. Ross, J. (2010). Employment law. Dundee: Dundee University Press. Rothstein, M., Craver, C., Schroeder, E. and Shoben, E. (n.d.). Employment law. Sargeant, M. and Lewis, D. (2012). Employment law. Harlow: Pearson Education. The Employment Tribunals (Constitution and Rule of Procedure) Regulations, 2013. (2015). [online] Available at: https://www.legislation.gov.uk/uksi/2013/1237/pdfs/uksi_20131237_en.pdf [Accessed 26 Jul. 2015]. Urwin, P., Latreille, P. and Karuk, V. (2012). Quantitative evidence in the evaluation of ADR: the case of judicial mediation in UK Employment Tribunals. The International Journal of Human Resource Management, 23(3), pp.567-589.