Microeconomic and Tourism Essay Example

Microeconomic and Tourism Essay Microeconomic and Tourism I. Presentation †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. II. The criticalness of the travel industry to financial. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ III. The effect of the travel industry on nearby society. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ IV. The impacts of the travel industry on microeconomics†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. V. UAE for instance for the subject. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. VI. Bunches and seriousness of the UAE. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. VII. End. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ VIII. Rundown of figures. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ IX. References. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ List of Figures: * Figure 1: Determinants Of Competitiveness. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. * Figure 2: Determinants of Competitiveness (Sophistication of Company . Tasks and Strategy). †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. * Figure 3: Determinants Of Competitiveness (Quality of The National Business . Condition). †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. * Figure 4: Quality Of The National Business Environment)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Figure 5: The Dubai Logistics Clusters Map†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. * Figure 6: Dubai Tourism Cluster Map†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Tourism is one of the biggest and quickest developing businesses on the planet particularly in the creating nations. A few nations consider the travel industry as a wellspring of salary and government incomes notwithstanding agribusiness and industry or even oil and gas items. This report portrays the significant and significant job the travel industry plays in the macroeconomic and microeconomic of certain nations. We will compose a custom article test on Microeconomic and Tourism explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on Microeconomic and Tourism explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on Microeconomic and Tourism explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer This report additionally gives a concise record about the travel industry and microeconomics in the UAE, and the plans which incorporate vital destinations to intently associate the travel industry with miniaturized scale organizations, request, gracefully and neighborhood benefits just as recreational offices. Numerous nations, particularly some creating nations like Caribbean nations, Kenya, Tunisia, Indonesia, Thailand and Egypt have the travel industry as the primary pay for nearby turn of events, outside cash, and neediness decrease and for financial development. They contribute on the travel industry thinking about it as their significant industry. They ave it as a solution for nearby monetary turn of events and to take care of issues like joblessness. Along these lines they create higher pay for the neighborhood financial circuit, for people like cab drivers, storekeepers and so forth , and for lodgings, cafés and nearby firms To pull in sightseers such nations fabricate the necessary foundation like inns, resorts, correspondence, streets, parks and other recreational offices, which thus influences request and gracefully of numerous wares. Besides, â€Å"Community support is significant for the travel industry, as it is a movement that influences the whole network. The travel industry organizations rely broadly upon one another just as on different organizations, government and occupants of the nearby network. Financial advantages and expenses of the travel industry arrive at everybody in the district somehow. † In nations that rely upon the travel industry as number one industry, the travel industry economy influences their, arrangement, vital choices and arranging as it might consider the entire of its locale and microeconomic. Notwithstanding the designs for building the appropriate foundation, they need to lead monetary effect studies, investigation and appraisal to help choices identified with the travel industry. They need to know the commitment of the travel industry to the economy of the nation, the administration pay from duties and expenses and whether the incomes of the travel industry will take care of the expense of administrations notwithstanding making adequate benefits. They likewise need to direct natural effect evaluation so as to know the impacts on social, social, microeconomic, organic, physical, and biological frameworks. The travel industry microeconomic effect reads are essential for nations which rely upon the travel industry as the principle salary. The examinations and investigation will address numerous inquiries that influence strategies, arranging and key dynamic just as activities to energize the travel industry action. The aftereffects of the investigations incorporate the measures of cash sightseers spend, the part of deals by nearby organizations, the salary the travel industry produces for family units and small scale organizations, the occupations the travel industry support and charges that are created by the travel industry. It merits referencing that not just poor nations focus on the significance of the travel industry. There are some rich nations that care about the travel industry. Joined Arab Emirates is a genuine model. In spite of the fact that they have adequate incomes from oil and gas sends out and yet they have long haul intends to advance the travel industry. They â€Å"made noteworthy ventures to broaden past oil creation and improve the nature of its business condition. † There are â€Å"numerous world-class improvement extends all through the UAE particularly in Abu Dhabi and Dubai †from new lavish lodgings, resorts, recreation attractions and shopping centers, to low, mid and high-pay private networks †that drastically pulls in guests. For instance in Abu Dhabi â€Å"Saadiyat Island is experiencing noteworthy change that will end up being a world-class recreation, private, business and social center point. Saadiyat Island’s Cultural District will house the world’s biggest single convergence of head social resources, including the Lord Norman Foster-structured Zayed National Museum, the Louver Abu Dhabi and Frank Gehr y-imagined Guggenheim Abu Dhabi. A performing expressions focus and a sea exhibition hall will add to the arrangement of driving social establishments. There will be likewise Manarat Al Saadiyat, Monte Carlo Beach Club, Mesopotamia presentation, Beach Golf Club, Zayed National Museum. Another intriguing and engaging spot is Yas Island which incorporates Marina Circuit, Yacht Club, Abu Dhabi Grand Prix, Ferrari World Abu Dhabi and a lot all the more fascinating spots. Such undertakings upgrade the microeconomic in UAE. Besides, in Dubai there are numerous activities that pull in guests which thus empower the travel industry and increment use. The accompanying figures and realities show the microeconomic intensity of the UAE and Dubai calculated and the travel industry group maps. Figure 1 Figure 2 Figure 3 Figure 4 Figure 5 Clusters in the UAE Remarks: †¢ Cluster improvements incorporate all emirates while the endeavors that are made by every Emirate are not the equivalent. The fundamental endeavors are made by Abu Dhabi and Dubai. †¢ The present UAE’s bunches bolster the framework speculations, and the fascination of outside organizations and remote labor. †¢ regardless of the surprising endeavors made by the specialists and the branches of UAE overnment, the achievement in making groups is as yet not exhaustive, however The UAE is still better in bunch based financial varieties than some other oil-subordinate economies. †¢ The structure of better, increasingly created and practical groups is as yet significant for UAE government. Seriousness in the Regions †¢ Economic execution of every n ation is deferent. †¢ Local strategies and speculations may help all nations in the district put forth substantially more attempts in intensity. †¢ To improve intensity there ought to be more coordination and participation among the individual Emirates and other GCC nations. â€Å"Different emirates have built up their own financial methodologies, e. g. , Abu Dhabi Economic Vision 2030 and Dubai Strategic Plan 2015† Figure 6 Dubai Tourism Cluster Map Finally, the facts demonstrate that travel industry has a few impediments with respect to request and gracefully, costs, natural contamination, social and customary way of life debasement, yet as we would like to think the travel industry is and will stay a wellspring of benefit and has a lot more preferences particularly to microeconomic development and in making various degrees of work for individuals just as a wellspring of benefit to individual and firms business. References: http://www. tandfonline. com/doi/abs/10. 1080/00220389808422535#preview https://www. msu. edu/course/prr/840/econimpa

How FDI Helps Nurture Domestic Competition Environment Dissertation

How FDI Helps Nurture Domestic Competition Environment - Dissertation Example Second, the average Solow development model is offered targeting improving the fundamental drives for financial development. In addition, an exhaustive examination of the activities of the MNEs is incorporated. Accordingly, this technique gives a multi-dimensional methodology which places accentuation on the alterations in proficiency, work and conceivable overflow impacts emerging from the MNEs’ activities in China. Chapter by chapter guide Contents Abstract 2 Table of Content 3 Contents 3 Introduction 3 Literature Review 5 Theoretical Framework 6 The Model 6 Conceptual Framework 11 Unconditional Approach 13 Conditional Approach 14 Total Factor Productivity Approach 16 Methodology 18 Research Methods 18 Data Sources 19 References 20 Introduction One of the best delicate zones in global financial aspects at present is Foreign Direct Investment (FDI). Creating nations like China fear abuse on one hand, and lacking access to remote capital, ability, showcasing, and organization aptitudes on the other. FDI involves a course of money related capital and vague resources like innovation, proficient capacities, advancement abilities and different belongings (Blonigen, 2005). It is significant that immediate speculation, much of the time, it starts with a moment or no net progression of money related capital. At times, the parent organization just includes its trademark name, administrative standards pegged with different resources of the less substantial assortment (Moosa, 2002). A decent lie methodology for a parent organization that has outside cash assets in its accomplices is to assume remote money commitments too (Ruane, and Ugur, 2005). This is made accessible by appropriating in remote cash that are utilized to subsidize the associate. In the present years, the part of the creating countries as a premise of FDI fundamentally increases. Be that as it may, the lion’s part is saved to the EU countries, USA and Japan which compensate for 80-90 percent of the whole FDI outpourings. In circumstances where FDI is estimated as an extent of GDP, the created countries despite everything represent the excessive larger part of FDI surges (Kneller and Pisu, 2005). The job of FDI unavoidably increments in a rapidly globalizing world. Bill Gates once stated: â€Å"No one gets the opportunity to decide on whether innovation is going to change our lives†. By using this statement as a portrayal, tantamount equals can be made in regard to FDI. Almost certainly, FDI has formed into an evitable piece of the current globalized world and no individual has the position to stop this turn of events. Along these lines, it is essential that the results of FDI to the host economies be cautiously and autonomously evaluated. It merits proclaiming this isn't a simple undertaking, remembering the split of the majority of suppositions (Simpson, 2010). Gross domestic product, Export and FDI flows* *(Constant 1995 US$ list numbers, 1970=100, log scale) Source: Navaretti and Venables, 2004 Literature Review Theoretical Framework This part focuses to furnish the thesis with a flexible hypothetical system in relationship with monetary development pegged with its determinants. By comprehension and acknowledging what spurs the advancement in the short and since quite a while ago run, it will be a lot of peaceful to distinguish the impact that FDI has on the residential rivalry condition. The starting purpose of this examination is the structure of a creation work. Presenting Alfaro, Kalemli-Ozcan and Sayek, (2009), we will utilize Solow’s neo-old style model of monetary development as an establishment of the conversation. This model was a

Research Essay

Research EssayA good writing practice is an essay designed to enable the student to develop a skilled body of knowledge, and this requires extensive research and a good research essay rough draft. The essay should contain the information that the student needs to relate the material. There is a wide variety of different research tools that may be used, and these include journal entries, handbooks, articles, handouts, even research paper examples.Writing an essay is an ongoing process that has to progress according to the academic timeline. This implies that the entire course is well developed before the actual work on the written work begins. It would not be fair to the student to start a research work in one subject area and then wait for the other areas to develop completely before tackling them on a complete basis. A good example of such research method is to look at different sample essays from the literature and use the research writing tool that best suits the purpose.The resea rch process depends on the specific subject matter and the nature of the research paper. It would be unwise to choose a particular topic for research due to the inherent and significant disadvantage that will then be created by the selection. This could have adverse effects on the development of the essay, as well as result in various other complications.This writing practice also needs to be a collaborative effort of the students and the teachers. The students need to be comfortable with the particular writing style, and it needs to be able to produce clean and crisp written output. They need to be able to respond quickly and make necessary changes. The writer will have to ensure that the key facts are in relation to the topic and that no additional information is added to the existing research.The rough draft that is used in a research essay is the final product. It is essential to go through it carefully to ensure that it does not contain any errors. The author also needs to ensu re that all critical and important details are covered thoroughly, without including anything unnecessary.The writing practice needs to produce a finished output which is not dependent on others to proofread or revise it. It must be acceptable to the reader and it must address the question and solve the problem that the essay is supposed to be dealing with. The final output should reflect the accuracy of the research input, but it should not be an inaccurate research input.Research work is an integral part of every academic institution. It should be developed and done carefully. It should be given the appropriate time and effort that is required to produce an excellent written output. Good research is a necessary skill in the life of an academic institution.An essay should not be ignored. It must be treated as a first impression of the student, who should be able to engage in various transactions during their academic career.

The Case Of Jonbenet Ramsey - 971 Words

â€Å"To serve and protect,† isn’t that the motto of many law enforcement agencies and what we learn in beginning criminal justice classes to create a better justice system? In the case of JonBenet Ramsey, there were many factors in the case that wasn’t handed properly which may have led to the unsolved case. Should the police or prosecutors be blamed for not being able to solve the case? Do crimes go unpunished each day and finally what responsibility do the police and others hold in cases? These are all questions we must answer to better understand how our justice system works and the efficiency level of the members of our government. I personally believe in holding the police and the entire justice system to a higher standard than other organizations. When looking at the information from the article, I believe there is a large amount of blame to be placed on a multitude of people for the justice’s system incapability of solving the case. To begin with I think we must look at the father, of JonBenet. He stated, â€Å"Jon Ramsey, picked up and moved his daughter’s body from the storeroom where he found her† (Lyman, 2010, p.9). Now, many may argue that this is okay to move the body but in reality this simple movement of the body may have tampered with a vital piece of evidence allowing the killer to remain at large. On a professional level the police and investigation team are at fault as well. It the article it is mentioned that the Police did not search for any evidence of theShow MoreRelatedCase Analysis : Jonbenet Ramsey729 Words   |  3 Pages JonBenet Ramsey was born on August 6, 1990 to her parents Patsey Ramsey and John Bennet Ramsey. JonBenet was a pageant queen, who won many titles. Those titles include Little Miss Colorado, Little Miss Charlevoix, Colorado State All-Star Kids Cover Girl, America s Royale Miss, and National Tiny Miss Beauty. 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Several personality charecteristics organizations could influence - Free Essay Example

Sample details Pages: 5 Words: 1457 Downloads: 4 Date added: 2017/06/26 Category Management Essay Type Narrative essay Did you like this example? INTRODUCTION Personality is the view into the human character. The humans interact can be explained through personality. Personality is what gives life into the human race. Don’t waste time! Our writers will create an original "Several personality charecteristics organizations could influence" essay for you Create order So many theories exist to explain personality types and why people act a certain way. Understanding the types of personalities and understanding ones own type can help in interpretation of emotions and social communications. According to Nelson Quick (2006), personality can be defined as a relatively stable set of characteristic that influence an individuals behavior. Personality could be determined by heredity and environment such family, cultural, and educational influence. There are several personality characteristic in organizations could influence the behavior in the organizations. The characteristics are locus of control, self-efficacy, self-esteem, self-monitoring and positive/negative effects. Thus, all the characteristic influence the performance at work, the managers need to have a working knowledge of them. There are also several personality theories which had influenced the study of personality in organizations. The theories are trait theory, psychodynamic theory, humanistic theory and the integrative approach. Based on the theories, there are several method had been invented to assess and measure personality. These include projective tests, behavioral measures, and self-report questionnaires. The several methods are using Meyers-Briggs Type Indicators, Big Five Personality Traits and so on. MEYER-BRIGGS PERSONALITY TYPE INDICATOR One approach to apply personality theory in organizations is the Jungian approach and its measurement tool, the Meyer-Briggs Type IndicatorÂÂ ® (MBTIÂÂ ®) instrument. The Myers-Briggs Type IndicatorÂÂ ® is a self-report instrument that helps to identify an individuals strengths and personality preferences. The mother and daughter team of Katharine Cook Briggs and Isabel Briggs Myers developed the MBTIÂÂ ® instrument to put Jungs type theory into practical use. The MBTI is used extensively in organizations as a basis for understanding individual differences. It has been used in career counseling, team building, conflict management and understanding management styles. The MBTI and psychological type enables a non-critical language to talk about some serious issues, both within an organisation and while helping people. People who complete the MBTI are given a four letter code as their results which indicate their personality preferences as one of 16 Types. Th e different type preferences lead to different ways of living and working, taking in information and making decisions. They describe different, effective approaches to working and learning styles and methods, managing, leading, coaching and teaching as well as general communication, teamwork, relationships, and environment. The MBTI is based on a comprehensive and rational theory of personality, applications can be found in almost anything which involves people such communication, leadership, team building, planning, marketing, personal development, career planning, teaching and learning and so on. The main advantage in using the MBTI is its breadth of application. It is in almost any situation and its support by a comprehensive theory of personality. There is no competition to the MBTI in workplace use as there is no comparable theory of personality associated with other methods. PERSONALITY PREFERENCE There are four dichotomies in MBTI with two possible choices for each scale. The combination of these preferences makes up an individuals type. Extraversion (E) and Introversion (I) Extraversion and Introversion preference represents where you get your energy whether people gained their personal energy from the outer or the inner world of thoughts, ideas and concepts. The Extraverted type is energized by interaction with other people. The Introverted is energized by time alone. This preference also differentiating people who direct their energy primarily outward toward other people and events from people who direct their energy primarily inward toward their inner environment, thoughts, and experiences The manager who is prefer Extraversion tend to enjoy being with large groups of people and prefer to act rather than reflect and they also tend to predominate in marketing and entrepreneurial spheres, while the manager who is prefer Introverts predominate in professions such as medicine and law, also politics and tend to enjoy quieter activities and to reflect before acting. Sensing (S) and Intuition (N) Sensing and Intuition preference represents perception or how we prefer to gather information. In essence reflects what we pay attention to. The Sensing type of manager pays attention to information gathered through the five senses and to what actually exists. They also could be practical and down to earth, relying on either past experience or what they see in the moment. They also want a specific answer to question and can become frustrated with vague instruction. They enjoy using established skills more than learning new ones. Normally, this type of manager will remain with a same management skill. The Intuitive type of manager will pay attention to a sixth sense and to what could be rather than to what actually exists. They are also visionaries or idealists, more interested in the future, or some timeless principle. These types of manager like to solve new problems and are impatient with routine details. They like to learn new skills more than using them. They tend to thin k about a few things at once. Thinking (T) and Feeling (F) Thinking and feeling preference represents the way we prefer to make decision. The manager with a thinking type will make decision with a logical and objective fashion. They also tend to analyze decisions and try to be impersonal. While managing, they tend to show less emotion and become uncomfortable with people who do. They like to be firm minded and like to putting things into a logical frame work. While the feeling type of manager will makes decisions in a personal and value oriented. Their decisions will be based on how the outcome will affect the people involved. In management, they tend to be more comfortable with emotion in the workplace. They enjoy pleasing people and frequent praise and encouragement. Judging (J) and Perceiving (P) Judging and perceiving represents ones orientation to the outer world and how a person prefers to run their life. It differentiates people who prefer plans and achieving conclusion quickly from those who prefer flexibility. Judging type manager prefer to lead a planned, organized decision making. They like to get things accomplished and do the submission on the date line. They always want to be scheduled and ordered. Perceiving manager may not make a decision until the last possible moment and more spontaneous approach to life and work and resisting closure until its time. They prefer more flexibility and want to keep options open. They tend to collect new information rather than draw into a conclusion. They may start too many projects but not finish them on time. 16 TYPES OF PREFERENCES People who complete the MBTI are given a four letter code as their results which indicate their personality preferences as one of 16 Types. The preferences combine to form 16 distinct types. The dominant mental function is the most distinctive marker of a persons personality type. There are no good and types and each type had its own strength and weaknesses. The combination will indicate type of person personality. Meyers-Briggs had divided the combination into two categories which are primary n secondary personality type. The four primary personality types are based on dominant with thinking, feeling, intuitive and sensing. While from the four primary types they are subdivided based into energy orientation and attitude which are extraversion and introversion. A table below show all the combination of the preferences based on the primary and secondary. Introverted Types Sensing Types Intuitive Types Extraverted types Sensing Types Intuitive types ISTJ ISF J INFJ INTJ ESTP ESFP ENFP ENTP ISTP ISFP INFP INTP ESTJ ESFJ ENFJ ENTJ CONCLUSION Personality assessment is requires to assess the personality for a person. It is important for a person to know their own personality to ensure they got a suitable position for them in organization. In organization, project manager or manager should have a good personality to make sure the entire project run smoothly and finish on time. They all should have a good personality to communicate with client and people that work under him/her. Otherwise, all the work will not be finish on time or not follow all the specification. As a conclusion, every person should know their own personality. It is to make sure they will get a suitable position in an organization. They also will do the work happily and can communicate to each other smoothly. It also to avoid miscommunication and stress among the workers. If you are chosen as a manager, you should act as a manager. Based on the MBTI type indicator, you should have a combination of 16 types of personality to be a good manager. The enti re project must meet the time, cost and scope of the project to ensure the project run smoothly. Thus, the project manager should have a good personality to be a good manager for the project.

Government Control And Procedural Guarantees - 871 Words

1. Regulated capitalism is private ownership with some government control and procedural guarantees. While social democracy is mostly private ownership but extensive government control with substantive and procedural guarantees. An example of how the government regulates an aspect of our economy is the FDA. In a regulated capitalism the owner of a cupcake industry owns the factory but has regulations it must meet according to the FDA. Compared to a social democracy the state would own the factory because it is public property, instead of one individual and would also need to meet FDA requirements. 2. Negative freedom: freedom from influenced by other people, positive freedom: the possession of the power and resources to fulfill one s own potential. Using immigration policy as a specific issue, listed are examples of positive freedom and negative freedom. Positive freedom allows more government for econ. issues. Less gov. – moral/social issues. Progressive vs traditional. Helps one become and American. Negative freedom has less gov. towards econ. issues, more government when it comes to moral/social issues, more traditional than progressive, and more broader regulations. 3. Equality doesn’t mean justice; it means equal treatment with equal outcomes. An example of conservative equality is our traditional school system. Where students are all taught the same way, i.e. equal treatments that are believed to have equal outcomes. An example of liberal equality is our modern dayShow MoreRelatedIndia s Rule Of Law Essay1364 Words   |  6 Pagessupreme court of India has upheld such classification of law as to need in the disguise of the intelligible differentia and such classifications were not actually meant to the welfare measures. Here the main concern is the creation of classes in procedural laws even though we are having equality of law and supremacy of the constitution. 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A Work in the Stock and Station Agency - Myassignmenthelp.Com

Question: 1. Explain the impact/implications that can occur for the principal and the agent when documentation is incomplete or inaccurate. 2. Provide 3 examples ofhow a salesperson could ensure consumer protection when dealing with obtaining authority from a vendor to list property. 3. Provide 3 examples ofhow a salesperson could ensure consumer protection when dealing with assisting a purchaser in selecting livestock for sale. 4. Choose 5 industry specialists and briefly explain why you might seek their advice. 5. Identify consumer risk associated with trust accounting in the property industry. 6. In your own words explain what the responsibilities are for a principal of an agency regarding trust money. 7. Under what circumstances can an agent withdraw money from a trust account? 8. Explain 2 categories of responsibility an agency licensee has towards employees. 9. In your own words, explain the term 'inducement'. 10. Training is essential to the stock and station industry, in your opinion describe an area of training best suited to meet the stock and station sector needs and priorities. 11. Explain why personal presentation and a professional image are important when dealing with clients. Answer: Introduction The following paper is about the New South Wales real estate and the things that have to done to solve the paper is to answer the questions provided and a case study has to be prepared in order to understand what goes on in that industry. The real estate industry is really difficult to manage and the industry works on the land and property of the people. It is interesting that there are four types of real estate in the world at present. These four types are the residential real estate, commercial real estate, industrial real estate and land. All of these are very important all of them serve a special place in the industry. Residential real estate focuses on the houses and property that is owned by individual and used for living. Commercial real estate is used for making office buildings in a selected area and the rooms over there can be rented. They are used for people to be used to as office promises. These are used as a source for income. In this paper, the situation of the New Sou th Wales real estate has to be discussed (Fairtrading.nsw.gov.au, 2017). Short answer questions Answer 1 As documentation is a very important matter, it is indeed important to be carried out by the principal and the agent (Ghysels et al. 2012). If this not done on time or not done at all, there might be some conflicts of interest between them. In case the investors invest in some real estate funds, the fund manager becomes the agent and he has to provide all types of legal documents to the investor. This is why the documentation might be done before the deal is done. The prospectus of the fund has to be read out in front of the principal and he should be aware of his assets in the industry (Ghysels et al. 2012). If that is not done, he might feel insecure because of not documenting the whole procedure. If some illegal things happen in this regard, the principal may go to court against the agent as well. Answer 2 If a salesperson has to ensure consumer protection when he deals with the obtaining authority to from a vendor to list the property and protect the property sellers from being victims of forgery, he should follow some guidelines effectively:- He should represent himself with complete honesty, fairness and professional attitude. This would help to gain authority from the vendors (Inderst and Ottaviani 2013). The property agents have a good knowledge about the demographics in which the entire process of property selling is going on. The property agents will look to supply all the necessary details to the property sellers so that he can be made aware of the demographics and the problems he can face in the future. The property agents always follow the market conditions quite closely so he is more or less aware of all the changes that are taking place in the market. He can very easily inform these to the property sellers so that they cannot be forged by the property buyers. The property agents are experts and they can promote the property or the houses of the sellers to the best suited buyers. They always ensure that the rights of the property sellers are always protected and they get the best market price for it. Answer 3 The three ways in which a salesperson can ensure the customer protection are:- The agents are the pillars of the transaction process in the livestock purchase and real estate agency. They have a wide network and they access them to connect with other clients, agents and professionals. Thus the buyers are assured that they are not wasting their money and getting the best thing for themselves by spending the money. The agents always tend to do the negotiation between the buyers and sellers. They provide necessary details to both the buyers and the sellers. As they do not disclose the things to anyone, this negotiation stays completely confidential and this assures the rights of the buyers are completely protected. They deal the situation with a calm head and solve the problems of both the sides. The property agents look to solve the problems and queries that may have arisen in the minds of the buyers prior to close the deal. The deal might have some wrongs and faults. The buyer may not be satisfied with the deal. The agent assures that the buyer is protected and his rights are not violated in any case. Answer 4 The five key people or specialists to whom people go for seeking advice in the matters related to real estate business in New South Wales Australia are the Assistant Buyers Agent, Property Manager, Property Management Supervisor, Leasing Transaction Specialist and Real Estate Senior Assoiciate (Haynes, Nunnington and Eccles 2017). These people are extremely important in this industry because the Assistant buyers agent would guide the principals to buy the exact kind of land or property they want. These professionals also help to set up the rental date by making a complete survey on the local rental dates, calculate the overhead costs, depreciation, taxes and other profits. The other professionals mentioned here help in negotiating the contracts regarding leases and obtaining referrals from the current tenants and many other things (Friedman, and Lindeman, 2013). Answer 5 There are several risks that are associated with the trust accounting in the property industry. As the entire property industry is full of uncertainties and risks, there are not any single factors that can be identified as risks (Deegan 2012). There are certain challenges and risks regarding the trust accounting in the property industry. These can be listed as below:- There is a huge lack of understanding in the trust accounting among the common people because of their knowledge. The common people very often fail to monitor the trust accounting systems and in certain cases they have to pay that price heavily. This is really an unfortunate thing for the investors (Bouchouicha and Ftiti 2012). The fraudulent conduct of the professionals in the certain field affects the business in great measures. Another risk is that the trust accounting systems are not reviewed properly either by the concerned people (Bouchouicha and Ftiti 2012). The actions of the staff of the NSW real estate are not evaluated yet either. The audit requirements of the organization are not met completely and not complied with either. Answer 6 A principal of an agency regarding the trust money is a very important person for the agency itself. He is one of the central characters in the working efficacies of the industry (Bernheim and Meer 2013). These duties and responsibilities are very clear and understandable because any principal agent is reliable to the buyers or the investors in the real estate market. The principal agents should always be honest and avoid fraud and misrepresentation. He should obey all the legal frameworks regarding the purchase transaction. The principal must make all the decisions as supported by the agents presentation of the deal (Ling and Archer 2012). The principal also owes his agent in contract, tort and statutorily workers compensation law. The principal must agree by the contract agreements and he can also compete with the agent if the agreement does not prevent him from doing so. He cannot even interfere in the agents work in an unreasonable manner (Bernheim and Meer 2013). Answer 7 There are certain circumstances when an agent can be able to withdraw money from a trust account. There are many trust account deposit taking institutions all over Australia. There are certain rules like the licensee who wishes to open a general trust account must compulsorily submit his unique identifying number to the authorized deposit-taking institution. The authorized institution lodges its monthly returns to the licensee by using that unique identification number. There are certain forms like the green form by using which the clients can notify Fair Trading that certain trust account has been closed. In such manner, other forms are there that are used in the special cases. The transfers of money from the trust accounts go through many procedures. According to the Estate Agents regulations 2008, the real estate agents can withdraw the money by using the accounting documents and other relevant things. They should accompany a copy of the form by which the money was received with t hem so that they can withdraw the money through cash, cheque or EFT. Answer 8 There are several responsibilities for the agency licensees because the agency licensees are in charge of the all the places of business. The licensees are in charge of supervising all the employees properly. The actions of the employees are also carried out as well. A licensee of a business has to be in-charge of only one place of business only. This also focuses on the fact that the licensees can only supervise one area of business (Kolekar 2016). If a licensee cannot supervise the employees properly, it will result in distress in the property industry and a huge loss for the consumers. In the areas where the trust accounts are involved, the licensees must focus on proper supervision of the employees that can benefit the organization and result in sustaining the ethical codes for the employees (Kolekar 2016). Answer 9 In the field of property industry, the word inducement suggests that the agents must not aim to offer any kinds of offers or any gifts to anyone or any principals (Ling and Archer 2012). It is not only about offering any gifts; the agents must not offer any kind of extra benefits or favors to the principals. The benefits or the offers of gifts can both be monetary or other precious things. This means anything that is not mentioned in the transaction agreement, must be avoided by the agents. If these rules are broken by any concerned agent, any other person should be induced as the agent (Ling and Archer 2012). Answer 10 Training is a very essential part in the stock and station industry so the employees must be trained properly so that all the needs and requirements in the industry can be met. One of the most important sectors of training in the stock and station industry is the property services training courses. This enables a person to gather more knowledge and practical experience in the stock and station industry. The person who works and gets trained in this course achieves the qualification to work within the industry in an autonomous way and then comply with all the ethical and legal requirements. The training of this course includes establishing customer relations, marketing, appraising property, acting as a buyers agent, preparing and concluding auctions, leasing and selling property and many more. Answer 11 When the new professionals will go to meet their clients, it is extremely necessary for them to maintain a proper personal presentation and a professional image. This is because clients would not just be convinced by the plans and agreements that are written on the paper. Good behavior of the agents and their assurance also works as a psychological stimulator in being convinced (Gyllesten and Palmer 2014). It is very important to be confident visually when one agent is presenting something to his client. The proper dress code and dressing according to that works as a boost for increasing the self-confidence among the agents. This helps to put up a great appearance before the client along with physical appearance, dress, voice, manner of approaching the clients, the views the agents express and all that. A good appearance helps to grab the attention of the clients and thus convince them in a positive way (Gyllesten and Palmer 2014). Case study In this part of the paper, the aim is to develop a proper an understanding of the real agency agencies and the employment requirements. A certain person has been appointed as the Office Manager in a certain real estate agency (Crowe et al. 2013). The real estate agency works in different countries all over the world. It has many different sections to work on and the different sections operate in different fields. It is very important to recruit certain people who have enough idea about this industry and are able to take risks in their career because this profession has a lot of uncertainties all over. The people who are employed must be intelligent, hard working and always ready to dedicate himself to the work. The clients are always looking for better options and the reality is there are several options in the market for a better real estate agency (Crowe et al. 2013). In this certain agency, the Office Manager has to control the proceedings of the organization. In total, there are 20 staffs working for this organization. Out of these 20 employees, there are 10 sales people, 5 property managers, 4 administrative staff and one Principal of the agency. All of them have to work together as a team so that they can achieve the objectives of the organization. The requirements for employment in this agency have to be compliant with the entire requirements of the real estate industry (Vanags and Butane 2013). Organization structure of real estate industry The real estate industry organizational structure is a quite complex one. This has several layers in each organization (Bodie, Kane and Marcus 2014). The head licensed real estate broker is the chief person in the commercial real estate organizations. The real estate brokers must see to meeting the special licensing requirements in the organization and real estate agents gain their title. The head real estate broker is also in charge of all the financial matters within the organization. Next in the organizational structure, comes the independent contractor hierarchy. This is the most common organizational structure of all. In this organizational structure, the staffs are mostly or completely licensed. These independent real estate agents report to the head real estate broker only. These independent real estate agents take a very small amount of help from the firm and work mostly on their own (Bodie, Kane and Marcus 2014). The next stage of the organizational structure come the licensing status hierarchy. The employees of this level are generally hired internally and they get their rank according to their age and experience. The junior agents report to the senior agents and the senior agents and brokers report to the head real estate broker. When there is a commercial real estate company that acts as a corporation or a private firm, the staff members will be hired according to that only. This hiring will be done according to their specialty and corporate experience (Bodie, Kane and Marcus 2014). Certain legislative frameworks have been attached with the property and stock industry. The legislations protect the rights of the sellers, buyers and the agents so that they can get instant remedy if they are cheated. These legislative frameworks include Anti-discrimin ation Act 1977 (NSW), Anti-Discrimination Regulation 2014 (NSW), Competition and Consumer Act 2010 (Cth), Competition and Consumer Regulation 2010 (Cth), Corporations Act 2001 (Cth), Fair Trading Act 1987 (NSW), Fair Trading Regulation 2012 (NSW), Landlord and Tenant Act 1899 (NSW) and many more acts and regulations. Role of the Office manager In this company, the office Manager has to deal with several matters such as maintaining a proper wage for the employees. The range of the salary or wage should be kept at a level of $30000-40000 per month. This is because the living cost is very high in the present time and the wages should be maintained according to that only (Cummings and Worley 2014). The employers have to see to the needs of the employees. The employees go through problems and hardships very often. The agents in the real estate agencies also face this problem as well. This should be looked at with sympathy and they should be allowed special leaves if the need is too serious. The employers should also see to the health and safety benefits of the employees (Cummings and Worley 2014). In return, the employees should give their best efforts for the welfare of the real estate agencies. They should present themselves in front of the clients in an agreeable manner so that they can convince the clients. The employees should be hired after checking their backgrounds and a proficiency test. All the rights of employment like maintaining the code of ethics, suspension and termination rules, rewards and recognitions for good performance, punishments for performance should be followed strictly (Cummings and Worley 2014). The employees should be motivated by the Office Manager for a better performance every time. The working hours should not be more than 8 hours per day and they should be able to work in flexible shifts as per their needs (Lazaroiu 2015). They should be allowed to take leaves in urgent situations and in case they have fallen ill. The authority should not force them to work on the public holidays. The employers should have the rights to terminate an employee if he has committed some unethical things in the organization (Cummings and Worley 2014). Conclusion This paper can be concluded by saying that looking into the different prospects of the real estate agency and the NSW fair trading policies in the real estate agency. This is a very complicated thing in the corporate industry. The answers to the questions have been provided in the first part and in the second part the regulations in the employability in this industry. The Office managers have some grave responsibilities in the real estate organizations and they have to recruit the perfect people who will be effective to meet the objectives of the organizations. The salaries have to be distributed by maintaining parity with the industry. The employees should be looked after well and they should be treated with respect. In return, they should also maintain the code of ethics. This would help to run the organization smoothly. References Bernheim, B.D. and Meer, J., 2013. Do real estate brokers add value when listing services are unbundled?.Economic Inquiry,51(2), pp.1166-1182. Bodie, Z., Kane, A. and Marcus, A.J., 2014.Investments, 10e. McGraw-Hill Education. Bouchouicha, R. and Ftiti, Z., 2012. Real estate markets and the macroeconomy: A dynamic coherence framework.Economic Modelling,29(5), pp.1820-1829. Crowe, C., DellAriccia, G., Igan, D. and Rabanal, P., 2013. How to deal with real estate booms: Lessons from country experiences.Journal of Financial Stability,9(3), pp.300-319. Cummings, T.G. and Worley, C.G., 2014.Organization development and change. Cengage learning. Deegan, C., 2012.Australian financial accounting. McGraw-Hill Education Australia. Dirksen, J., 2015.Design for how people learn. New Riders. Fairtrading.nsw.gov.au. (2017).NSW Fair Trading - home. [online] Available at: https://www.fairtrading.nsw.gov.au/ [Accessed 1 Aug. 2017]. Ford, J.K., 2014.Improving training effectiveness in work organizations. Psychology Press. Friedman, J.P. and Lindeman, J.B., 2013.Dictionary of real estate terms. Barron's Educational Series. Ghysels, E., Plazzi, A., Torous, W.N. and Valkanov, R.I., 2012. Forecasting real estate prices. Gountas, S., Gountas, J. and Mavondo, F.T., 2014. Exploring the associations between standards for service delivery (organisational culture), co-worker support, self-efficacy, job satisfaction and customer orientation in the real estate industry.Australian Journal of Management,39(1), pp.107-126. Gyllesten, K. and Palmer, S., 2014. Increased employee confidence: A benefit of coaching.The Coaching Psychologist,10(1), pp.36-39. Haynes, B., Nunnington, N. and Eccles, T., 2017.Corporate real estate asset management: Strategy and Implementation. Taylor Francis. Inderst, R. and Ottaviani, M., 2013. Sales talk, cancellation terms and the role of consumer protection.Review of Economic Studies,80(3), pp.1002-1026. Ingham, G., 2012. Revisiting the credit theory of money and trust.New Perspectives on Emotions in Finance: the Sociology of confidence, fear and betrayal, pp.121-139. Kolekar, Y.P., 2016. Types of Banking Accounts. Lazaroiu, G., 2015. Employee Motivation and Job Performance.Linguistic and Philosophical Investigations,14, p.97. Ling, D. and Archer, W., 2012.Real estate principles: A value approach. McGraw-Hill Higher Education. Peppers, D. and Rogers, M., 2012. Yesterday, Trustworthy Was Good Enough; Today, Only Trustability Will Do.Effective Executive,15(4), p.21. Vanags, J. and Butane, I., 2013. Major aspects of development of sustainable investment environment in real estate industry.Procedia Engineering,57, pp.1223-1229.