Effects of Downsizing in the Field of Information Technology

Effects of Downsizing in the Field of Information Technology Companies are asking for more from their employees now than ever before. By downsizing and outsourcing, and otherwise changing the corporate world for their employees, Information Technology companies have fundamentally changed the relationship between the organization and its employees. Indeed, Information Technology companies are becoming more and more eager to implement a scaled-down version of their operations as a means by which to minimize expenditures and maximize profits. You have workers that are often difficult to train when willing, but are often unwilling to really work and earn their way (Torres C2-6). What is the impact of such significant downsizing to†¦show more content†¦Given the fact that the technological revolution has played an integral role in relation to the overall balance outcome, it can readily be argued that Samuelson places a significant amount of credit upon the companies that both create and utilize computer technology as a means by which to allow for modest increases in labor costs without raising prices (33). The author also credits corporate downsizing and good fortune (subsidized health spending, cheaper imports) as giving company executives the upper hand when it comes to stabilizing the job market. This, according to the author, is what has caused the domino influence when it comes to inflation, unemployment and the business cycle. Whats occurred in the United States is that companies have refashioned pay practices to cushion the conflict between rising wages and higher prices (Samuelson 33). Samuelson cites a study done by economists Lawrence Katz and Alan Krueger that addresses the natural rates decline with regard to a variety of worker segments, including older workers, temporary help and prison laborers. In examining the economists findings, Samuelson is quick to point out that estimating the natural rate involves much guesswork (33), indicating that Katz and Kruegers analysis is not based entirely upon factual data. The author continues on with his own assertion as to what the f uture holds for downsizing, unemployment and inflation, contending that even with the guaranteed existence ofShow MoreRelatedRelationship Between Layoffs And Voluntary Turnover1417 Words   |  6 PagesLayoffs and Voluntary Turnover As the world accelerates in advancements such as technology, the society is now capable of reaching greater heights in efficiency more than ever. 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The International Bank For Reconstruction And Development...

Research and find one project of the World Bank or the IMF that created problems for the nation that received its assistance. Describe the project and what the negative outcomes were. Explain whether or not you feel that the negative impacts could have been avoided? Why or why not? Further explain your opinions on whether you believe that international financial institutions such as these could consistently provide assistance in an objective, unbiased and responsible manner. Why or why not? If you do believe it is possible, then how could it be ensured? Your paper should be at least 500 words in length. ANSWER INTRODUCTION THE WORLD BANK or the International Bank for Reconstruction and Development (IBRD) and the International Monetary Fund (IMF) were created in 1944 by leaders of the 44 nations at the Bretton Woods Conference. The Bank was responsible for financing long term productive investment in member countries while the IMF was to provide loans to overcome short-term balance of payments deficits. Western leaders feared an unregulated world market would mean a return to depression, poverty and another world war. At Bretton Woods (located in New Hampshire, U.S.), â€Å"the decisive factor was the reality of American power.† With much of Europe destroyed by the Second World War, the U.S. was economically the world’s most powerful country; thus a U.S. vision prevailed at the conference and the World Bank and the IMF were created along U.S. lines. Unlike the U.N. alsoShow MoreRelatedInternational Bank For Reconstruction And Development1442 Words   |  6 PagesThe World Bank was origina lly established in 1944 by 28 countries as the International Bank for Reconstruction and Development with the aim of assisting and financing public development projects. In 2015 the World Bank Group is an umbrella organization of five parts with 187 member countries. While the Bank remains the largest such institution in operation, there are now so many other similar institutions that there are four subcategories to describe them: Multilateral Development Banks (used to describeRead MoreInternational Bank For Reconstruction And Development1442 Words   |  6 PagesThe World Bank was originally established in 1944 by 28 countries as the International Bank for Reconstruction and Development with the aim of assisting and financing public development projects. In 2015 the World Bank Group is an umbrella organization of five parts with 187 member countries. While the Bank remains the largest such institution in operation, there are now so many other similar institutions that there are f our subcategories to describe them: Multilateral Development Banks (used to describeRead MoreThe International Bank For Reconstruction And Development1680 Words   |  7 PagesEconomy Assignment 1. Economists roles The World Bank is an independent organization, made up of five different Institutions managed by their member countries. These institutions are: 1. The International Bank for Reconstruction and Development 2. The International Development Association 3. The International Finance Corporation 4. The Multilateral Investment Guarantee Agency 5. The International Centre for Settlement of Investment Disputes The World Bank has two main goals that they aim to achieveRead MoreInternational Monetary Fund ( Imf ) And The International Bank For Reconstruction And Development Essay1649 Words   |  7 PagesIn the early 1980s, an economic crisis swept across Sub-Saharan Africa. In an effort to revitalize the region, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), more commonly known as the World Bank, adopted resolutions that worked to ensure almost all countries of the subregion instituted programmes of economic reconstruction, described as â€Å"structural adjustment programmes† (SAP). This paper analyzes the most recent outbreak of Ebola in WestRead MoreContracting Ethics in Government Acquisitions1315 Words   |  5 Pagesnot limited to contracts for acquiring goods and services ADDIN EN.CITE Weitzel20061127(Weitzel and Berns, 2006)1127112717Weitzel, UtzBerns, SjorsCross-Border Takeovers, Corruption, and Related Aspects of GovernanceJournal of International Business StudiesJournal of International Business Studies786-8063762006Palgrave Macmillan Journals00472506http://www.jstor.org/stable/4540384( HYPERLINK l _ENREF_4 o Weitzel, 2006 #1127 Weitzel and Berns, 2006). It is very important that the agencies do acquireRead MoreIbrd698 Words   |  3 PagesThe International Bank for Reconstruction and Development (I.B.R.D) better known as the World Bank was established at the same time as the International Monetary Fund to tackle the problem of International investment in 1944. Since the I.M.F was designed to provide temporary assistance in correcting balance of payments difficulties, there was need of an institution to assist long term investment purposes. Thus I.B.R.D was established for promoting long term investment loans on reasonable terms. TheRead MoreThe Stystem Developed in the The Bretton Woods Conference862 Words   |  3 Pagesinstitutions, The International Bank for Reconstruction and Development [World Bank] and The International Monetary Fund (Stwenron, 1944). The conference set the standard of gold to $35.00 and selected the American dollar as the backbone of international exchange. The goal of the conference was to create a system through these financial institutes for economic co-operation and development leading to stable and robust global economy (International Monetary Fund, 2013). Role of World Bank: The ArticlesRead MoreThe International Monetary Fund And World Bank Group1644 Words   |  7 PagesThe International Monetary Fund and World Bank Group The International Monetary Fund (IMF) and the World Bank have had enormous impact upon the world’s economies since their inception, after World War II. Although each of these organizations has a similar history, their role, objectives and funding are unique. These Washington DC-based organizations have drawn more than their share fair share of criticism as well as praise. Modern nations require thoroughly understand of these organizations. TheRead MoreWorld Bank Reconstruction Role During The Leste s Creating Problems1222 Words   |  5 PagesWorld Bank reconstruction role in Timor-Leste creating problems (REFERENCE: http://www.brettonwoodsproject.org/es/2007/01/art-550872/) The World Bank came to Timor-Leste in 1999, when the UN was still planning the intervention mission. The lack of attention given by the UN Transitional Administration in East Timor to economic development allowed the Bank to assume a central role. After the end of mass violence, the Bank and Fund visited Timor-Leste and conducted a joint assessment mission. ThisRead MoreRoles of International Financial Institutions1173 Words   |  5 PagesRoles of International Financial Institutions Marcus Jenkins MGT448 January 10, 2011 Paul Bogert Introduction When listening to the latest television report concerning global business news or world economics, names of financial institutions such as World Bank, International Monetary Funds, and Asian Development Bank may be the center of some discussion. A major player on the global forefront, international financial institutions function much differently from local neighborhood

Mgr Assingment Free Essays

Economic Future: Key points – assuming you are a UK based company, the potential uncertainty n the Euro zone e. G. Countries leaving the Euro Zone, fluctuation with exchange rates. We will write a custom essay sample on Mgr Assingment or any similar topic only for you Order Now Proposed managerial planning objectives – Similar to the political future, keep abreast of potential changes and have contingency plans in placer e. G. A supplier could be based in Europe so the company could look at secondary supplier in the UK or a different country that may not be affected or lesser impact from any changes. Socio-cultural Future: Key points – changes in consumer buyer patterns linked to the point identified. Proposed managerial planning objectives – Keep up to date With he latest marketing information, closely monitor what the competitors are taking to market and what they are planning to take to market. Technology is fast moving so if the company is not on the forefront of the latest gadget there is a potential the organization will be left behind. This needs to link to the corporate strategy of where the business is evolving to and this needs to driven by key market data. Technological Future: Key points – being aware or leading the latest technological developments, knowing when to start and stop producing a technology Proposed managerial landing objectives – this needs to dictated by the corporate strategy, does the business what to be at the forefront of the technology evolution or slightly lagging where the market is better known and stable. One strategy is to diversify so part of the business is pushing the technology boundaries and another is manufacture products in a mature market. The business in the mature market can be viewed as a cash cow for the cutting edge business. The key is diversification so there are a number Of income streams and these can be strictly monitored to know when to enter or leave a market. Part 3 Innovation Management Background Logistic are acquiring a small high technology firm to allow them to move in the wearable technology market. The need for change is typically either: Environmental: competition, customer demands, etc. Internal forces: Meet company plans/goals, due to company problems, company needs etc. The reason/need for change with Logistic is the desire to move into the wearable technology market From the theory this will be regarded as a ‘Transformational Change†, I. . Involves the redesign and renewal of the total organization (Marcia, 2008) Considerations prior to acquisition: Need to determine whether the administration style and Corporate culture fit. Whether there are any major differences in values, beliefs or practices. If the above isn’t addressed it can cause stress and anxiety. Organiza tional development has three stages – unfreezing the organization, changing the organization and then refreezing the organization after all of the changes have been implemented. How to cite Mgr Assingment, Papers

Explain key influences on personal learning processes on individuals free essay sample

The Kolbs experimental learning cycle helps us to understand how adults learn. Cognitive abilities are how people learn. Kolbs identified two pairs of opposite factors, when these are combined together they show a learning cycle with four different stages of learning, each staged has to be followed in the correct sequence. The four stages are: Concrete experience – the doing stage where you carry out/participate in an action/actions. Reflective observations – the reviewing or reflecting stage. You think about what you did/what happened during the concrete stage. Abstract conceptualisation – the concluding stage in relation to the concrete experience (called the theorising stage sometimes). It is the stages where you use all the information you have gained about the experience to organise your thoughts into some sort of order and make sense of the experience. Active experimentation – this is the planning or trying out stage. The important point here is that you tackle an aspect of the activity differently from the first time. Describe Honey and Mumford’s theory of learning styles: Learning styles Characteristics Preferred learning situation Less favourable learning situation Activist †¢ Like to be involved †¢ Like new ideas †¢ Lose interest quickly †¢ ’Jump first/think later’ mentality †¢ Like to dominate †¢ New experiences †¢ Working with others †¢ Taking the lead †¢ Taking on difficult tasks †¢ Listening e. g. lectures or when passive †¢ Doing things on their own †¢ Working to the ‘rules’ Reflectors †¢ Like to observe from the edge of a group †¢ Consider things from a range of different perspectives †¢ Collect information before drawing conclusions †¢ Let others contribute before they do †¢ Observing from the edge of a group †¢ Time to think before contributing †¢ Analysing †¢ Working without tight deadlines †¢ Taking a lead or performing in front of others †¢ No time to prepare in advance †¢ Facing the unexpected †¢ Feeling rushed or pressurised by deadlines Theorists †¢ Like to bring together different ideas to produce new ways of looking at things †¢ Think logically †¢ Like things to fit into an ordered scheme †¢ Often detached and remote rather than emotional †¢ Like the opportunity to apply their knowledge and skills in complex situations †¢ Work with abstract ideas †¢ Opportunities to question and probe for information and ideas †¢ Like a clear structure and purpose †¢ Cannot identify with different approaches taken by others †¢ Lack of structure or purpose †¢ Working with emotions and feelings of others Pragmatists †¢Like to experiment/try things out †¢ Seek feedback from others †¢ Practical, liking to get on with things rather than talk about them †¢ Relate things to their own role †¢ Clear link between thinking and what has to be done †¢ Opportunity to try things out †¢ Like new ideas that have clear benefits †¢ Happy to copy from role models †¢ Cannot identify the relevance of what has to be done †¢ No guidance on how to do things †¢ If benefits are unclear †¢ Focus is only on theory and does not include practical aspects A range of influences that might impact an individual’s learning are: Previous educational experiences Informal learning Culture Health Lifestyle Time Learning style Access to books, the Internet IT skills Family Funding for study Specific learning need Friends Skills are used in the personal and professional development of a healthcare student/worker: Literacy Use writing to record information accurately about service user care. Read carefully to understand information. ICT Use ICT for documents, ideas, obtaining information from the Internet, intranet and email. Numeracy Numeracy is important when: Giving medication understanding clinical data in lab reports Communicating complex data using charts. Questioning Use questions to gather information for your own learning from placements, peers and tutors. Observation Use informal observation for learning from work placements. Use formal observation when gathering information about skills, routines and procedures. Feedback Feedback comes from tutors, placement staff and service users. Use feedback to recognise the Internet, other people, using skills strengths and areas for and routines. Reflection Reflect in order to make sense of information from reading, observation, the internet and other people. Planning Use planning for: Setting targets, identifying actions, prioritising, monitoring progress Further learning Care plans Sources of support for learning: Source of support Type of support Teaching Sharing of new knowledge, facilitating development of new understanding Tutorials Support from specific subject tutors or for your whole programme from a personal tutor – a two-way exchange Feedback This tells you what you have achieved and gives specific and/or general guidance to help you improve your work next time Coaching Specific training for practical skills and improved performance Supervision When someone oversees your work in a practical situation Mentoring When an experienced person provides guidance and advice about your work Meetings Sharing, discussing ideas, making decisions Help with specific learning needs These might include language, literacy, numeracy, sensory impairment – access might be needed to specialist tutors, equipment etc Seminars