Best Business Schools For Landing A Job Right Out Of School

Best Business Schools For Landing A Job Right Out Of School by: John A. Byrne on January 11, 2019 | 0 Comments Comments 8,321 Views January 11, 2019It’s pretty much a given that many students major in business because they know it will increase the odds that they’ll find a job soon after graduation. After all, an undergraduate business education prepares young people to make an immediate contribution to an employer. That is rarely the case when it comes to many other academic fields, from English and history to geography and psychology.And the hard data proves the case, especially when it comes to the best business schools. Out of the 88 ranked undergraduate business programs by PoetsQuants in 2018, 50 schools reported that 90% or more of their 2018 graduates had jobs within three months of commencement.At a time when economists believe the U.S. economy is at full employment, many schools had near perfect placement records for their business undergrads last year. A t the University of Texas’ McCombs School of Business, a remarkable 99.6% of the graduates were employed three months after graduation.AT THE TOP: WORCESTER POLY, ST. LOUIS UNIVERSITY, ILLINOIS GIES, GEORGIA TERRYAnd there were a lot of other schools that might not necessarily spring to mind at the top of the list of the most successful schools in placing students: Worcester Polytechnic Institute’s Foisie Business School was at   98.8%, Saint Louis University’s Chaifetz School of Business at 98.6%, the University of Illinois’ Gies College of Business hit 98.4%, and at the University of Georgia’s Terry College of Business, the number was 97.99%.Even at schools that occupied the low end of placing their students, every school could claim that more than half of their graduating class of students had jobs. At Ithaca College, which had the lowest employment rate for any of the ranked 88 schools, 59.1% of graduates were able to get jobs within three mo nths.  Often times, undergraduate programs not in the top tier on placement are either more reliant on university-wide career offices or have devoted fewer resources inside their schools. Consider UC-Irvine’s Merage School of Business which posted a 2018 employment rate of 75% three months after graduation. Merage tries to leverage the UC office to help its undergrads, having just 1.5 full-time equivalent staffers in career services for its undergrads. Another factor is that 40% of the school’s freshmen admits and 57% of its transfer students are first-generation college students.  SOME STUDENTS DONT FEEL THE URGENCY TO DO AN EARLY JOB SEARCHâ€Å"Some [students] don’t feel urgency to have a job at graduation, or they believe they need the degree before they begin the job search,† explains Maia Young, associate dean of undergraduate programs at UC-Irvine’s Merage School of Business. She adds that the school is considering everything from assign ing alumni mentors to students, creating a career advising platform and a â€Å"passport program† that would give stamps to students who attend career events and lead to an extra cord at graduation.The best performing undergraduate programs generally have these features already in place. No school, however, beats UT-Austin in having a pro-active career services office that gets students into jobs quickly. While many schools merely put you in touch with career services department, one of the first classes business undergrads get at McCombs are taught by a career coaching professional who will discuss employer trends and examine what skills are in demand. Students are immediately guided through the process of developing a resume, learning out to write cover letters, networking, learning the ropes of job interviews by doing mock sessions with coaches.The school puts an unusual twist on its coaching efforts, pairing students with career coaches who are assigned students on the ba sis of their majors. So each coach has more industry and discipline-specific knowledge when they meet one-on-one with students to discuss options and polish job search and interview strategies. McCombs also boasts an additional peer coaching program to gain guidance with internships, career paths, and recruiting with a student who has already been there and done that.STUDENTS ARE REQUIRED TO HAVE INTERNSHIPS AT MCCOMBSAll of McCombs students are required to do an internship before graduation, an experience that often leads to a full-time job offer. The scale and scope of those internship opportunities at McCombs are impressive. In a recent year, for example, slightly more than one in four students gained internships in finance and banking, but many landed summer jobs with tech firms (16.5%), consulting (10.6%), retail, entertainment, and hospitality (6.0%), energy (5.9%), and consumer goods (5.0%).There’s a slew of weekly seminars, company visits, professional mentorship oppo rtunities, case interview workshops for would-be consultants to investment banking prep for students eager to get into i-banking. The school also sponsors two career expos every year in spring and winter, providing the chance to interact with more than 180 employers. McCombs says that more than 3,000 internship and full-time job opportunities are posted online at the school every year.Bottom line: Ask about the resources your target schools provide to their career services offices and how pro-active that staff is with students. Its not enough to merely have an office; its the very best schools in helping students land jobs right out of college are those that actively intervene with students from freshmen year.The 2018 Special Report On Undergraduate Business EducationRanking The Best Undergraduate Business Schools In The U.S.How We Crunched The Numbers To Come Up With Our Ranking2018 Report Card: How Business Majors Grade Their Own Undergraduate ProgramsAcceptance Rates For The Best Undergraduate Business ProgramsAverage SAT Scores At The Top Undergraduate Business Schools(See following page for 2018 employment rates at all 88 ranked business schools) Page 1 of 212 »

Essay about Radio Lab Inheritance - 840 Words

Radio Lab: Inheritance Go here: http://www.radiolab.org/story/251876-inheritance/ Listen to the free podcast and complete worksheet. You only need to listen to the first 3 stories. Though, the 4th is VERY interesting. 1. What was Lamarck’s big idea? What a person does in their lifetime could be directly passed to their kids. 2. What human example did Lamarck use? A blacksmith, because they swing hammers all day they get muscles and those muscles pass down to their kids. 3. What is the â€Å"bummer of Darwinian Evolution† for parents? (according to Jad) They could be restrained by their DNA. As a parent you are a tiny blimp in a very long story. 4. What is a vivarium? A place people experimented on live animals.†¦show more content†¦10. What do great rat mothers do? What about poor rat mothers? For a great rat mother, you would be licking your children a lot. For a poor rat mother, don’t lick their children a lot. 11. What is actually happening in the rats as they are being licked? The licking activates serration and it release onto brain cells. 12. What is Michael Meaney’s theory on how this all works in the rats? Mother licking activates serration that gets into the brain cells. That unleashes a whole serious of events insides the cells. All these changes wake up the protein and if they see menthol groups sitting on a little piece of DNA they are mad. They then go and get the menthol away from the DNA. Now the genes can make the proteins to make the rat a good mom. 13. According to the rat study, what is the role of nature and nurture? (I want you to think about this one) When the rat baby has a good mom that licks it a lot the rat then gets better parenting skills when that said rat has babies. Depending on how well the nurture was is how well of a parent the rat will be later in life. 14. How might this apply to Lamarckism? The more time a rat spends getting licked as a baby results in better parenting skills. 15. True or False: The epigenome can change based on your experiences. True 16. In Overkalix Sweden, what is so interesting about their archives? 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Creating static WebPages using HTML. 2. Create a web site with minimum details using DHTML. 3. Create your Personal website and check the validations using JavaScript 4. List out the Web sites dealing with E-commerce 5. Log on to Web sitesRead MoreEthics- Is Polygamy Ethical? Essay5191 Words   |  21 Pagesthe right sex she can be returned to her family. This not only brings disgrace, but also unwelcome financial burden to the family whom would have to repay the bride price. Another way in which African men accumulate wives is through inheritance. If a man’s brother is to die, he would take over that brother’s family, including his wives. The women would be distributed among the remaining brothers based on both the woman and the man’s preferences. This can be very beneficial to the widowedRead MoreCancer : A Common Misconception About Cancer5956 Words   |  24 Pagestissue and a small amount of normal tissue surrounding the cancer. This is referred to as clear margin. 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The Effects Of Climate Change On Our Planet - 1061 Words

I am writing this letter to express my concern about the dangers that climate change poses on our planet. Climate change is occurring much faster than predicted. For that reason, many of our efforts aren’t fixing the issue fast enough. Many scientists agree that climate change will be the death of our people, and the future of our children if not improved by 2050. We only have a few years to reverse the affects climate change has had these past years. The 20 years that I have lived on this earth, there has not been one year where weather was â€Å"normal.† Winters have come to early or late. Low snowfall during the winter, or snow still falling in the spring. When it isn’t snowing, there have been record high temperatures in areas that aren’t supposed to experience such heat. There have also been many accounts of tropical storms and flooding all over the country. These past years have been the years where both humans and animals are negatively affected by these weather related tragedies. Climate change has been the culprit in global warming which in turn has decreased the animal populations due to the warming of the earth. Climate change has already caused the planet’s average temperature to rise by 1.6 °F since the beginning of the 20th century. That temperature rise could reach 2.7 °F above pre-industrial levels by the end of the century (and possibly as high as about 8.5 °F above 1986-2005 levels) if nothing is done to curb emissions. (Thompson, 2014) Climate change has such aShow MoreRelatedThe Effects Of Climate Change On Our Planet1172 Words   |  5 PagesClimate is the weather conditions over a long term. For millions of years, the earth kept changing between hot and cold, and wet and dry. As the earth warmed and cooled, plants and animals appeared and disappeared. People have had to change their way of life many times as plant and animal life changed. Since the industrial revolution, the humans built many factories and invented lots of electro nic devices. They emit harmful gases called greenhouse gases like carbon dioxides and ozone, which affectsRead MoreEffects Of Climate Change On Our Planet1372 Words   |  6 PagesSolution to Climate Change Climate change has taken its toll on our planet. Record heat, fires, drought and snowstorms have all become the norm in our worldwide weather patterns. The city of Charlotte has also suffered from the consequences of climate change with extreme temperatures, record snowstorms and ice storms. It is apparent that action must be taken immediately to stop climate change (Sargent). How can a small city attempt to solve a global issue such as climate change? Can climate changeRead MoreClimate Change Is A Serious Problem1123 Words   |  5 PagesClimate Change is a Serious Problem to the Planet â€Å"Climate change is happening, humans are causing it, and I think it is perhaps the most serious environmental issue facing us.† This quote from Bill Nye illustrates the serious nature of climate change. Climate change is the most serious issue that is plaguing the world. Global temperatures have been increasing in recent years and it is clear that our climate is changing. Climate change is the change of temperature and weather in our environmentRead MoreClimate Change Is A Real Threat1105 Words   |  5 PagesClimate Change is a Real Threat â€Å"Climate change is happening, humans are causing it, and I think it is perhaps the most serious environmental issue facing us.† This quote from Bill Nye illustrates the serious nature of climate change. Climate change is the most serious issue that is plaguing the world. Global temperatures have been increasing in recent years and it is clear that our climate is changing. Climate change is the change of temperature of our environment. A majority of scientists suspectRead MoreThe Issue Of Global Warming1338 Words   |  6 Pagesrising average global temperature. The climate on the Earth is changing and there is no big surprise. It is believed that global warming is caused by many natural and manmade activities, which is affecting the planet by the seconds, minutes, hours, days, and years. Many may not even care about this serious issue, but others harm for the future generations. Global warming has become a serious threat to everything and every human being on earth and demands our immediate attention. The author, StuartRead MoreCauses And Effects Of Climate Change Essay1260 Words   |  6 PagesCommunication 11, Section D23 Informative Speech 14 November 2016 Causes and effects of Climate Change. General purpose: to inform. 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When you look at yourself in a dirty mirror; can you seeRead MoreClimate Change : The Planet1227 Words   |  5 PagesClimate Change The planet that is our home never ceases to amaze mankind with its seemingly never-ending mysteries. Home to about 8.7 million various species that roam the globe; the Planet Earth is considerably the most habituated planet in our solar system. Despite numerous attempts to research the other fellow planets in our system, it appears that many drastic changes have been taking place on our home planet. From the evolution of plants and animals, to the advancements in modern technologyRead MoreGlobal Warming And Climate Change1124 Words   |  5 Pagesquestion that climate change is happening; the only arguable point is what part humans are playing in it.† Climate change is a pending issue waiting to be addressed and resolved by society as a whole before it is too late. 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Excise Taxes On Cigarette Consumption - 1971 Words

One of the most prominent crops grown in the United States is tobacco. It has been grown and cultivated in the eastern portion of the United States since before this country’s conception. As a result, it was also one of the first goods to be taxed after the conception of this country. This tax would be the first excise tax that was introduced in the United States. It came as a portion of a tax package proposed in 1974 by the Secretary of the Treasury Alexander Hamilton. Since then, taxes on tobacco have come, gone, risen, and lowered. However, the reasoning behind the taxation changed from increasing government revenue to deterring consumption with the publication of the 1964 U.S. Surgeon General’s Report on Smoking and Health. In this report, the U.S. Surgeon General established that cigarette smoking is, â€Å"a cause of lung cancer and laryngeal cancer in men, a probable cause of lung cancer in woman, and the most important cause of chronic bronchitis. The p roposed paper will investigate the relevancy of excise taxes on cigarette consumption, the act of cigarette consumption, and the most prominent method used to lower it by the U.S. government. This method called an excise tax, or informally a sin tax, is a tax issued by the government to be built into the price of a good or service to dissuade consumption. Through analyzing the data and experiments of top contributors to this subject, one will perceive how this method impacts cigarette consumption, if at all, andShow MoreRelatedHealth Risks Vs. Economics Of Tobacco Consumption1614 Words   |  7 PagesAbstract The purpose of this paper is to provide researched information on the how consumers continue to risk their health through the consumption of cigarettes regardless of hazard warnings and how the government continues to implement increased taxation to economically affect those consumers. In today’s society, there are many more consumers that are becoming health conscious compared to consumers of decades before, but there are still those that are addicted to tobacco products making it moreRead MoreEffect Of The Taxation System On China s Tobacco Industry870 Words   |  4 Pagesthe taxation system, majority of the taxes goes to the central government while revenue from some tax categories is shared with the local government. This revenue-sharing setting guarantees that the financial incentive of local government is aligned with that of the central government. Specifically in the tobacco industry, there are two levels of taxes collected ï ¿ ¼! 10! corresponding to the two stages of cigarette production, a tobacco leaf tax and a cigarette tax. Despite that tobacco leaf belongsRead MoreLoss Of Government Revenue From Tobacco Taxes791 Words   |  4 Pagestobacco taxes. According to a September 2013 report by the International Tax and Investment Center and Oxford Economics (ITIC-OE), In 2011, the Legal Domestic Sales of cigarettes fell by 80.6%, from 308 million cigarettes in 2010, to just 60 million cigarettes a year after the tax increase. Total Consumption (legal and illicit) is estimated at 317.9 million cigarettes in 2013, down 9.5% from 2012. However, only 2.4% or 7.7 million cigarettes constitute Legal Cigarettes Consumption. In 2013, excise taxRead MoreAnalysis Of Raising Taxes On Alcohol And Tobacco1055 Words   |  4 PagesProblems with Raising Taxes on Alcohol and Tobacco: One of the major issues in the United States is healthcare insurance that has attracted huge debates and concerns among the policymakers and the public. Given the severity of this issue, policymakers and other stakeholders have been involved in efforts to identify the most effective measure to provide health insurance coverage to all. These attempts have been led to the consideration of increase in taxes on alcohol and tobacco products by theRead MoreUpdate the Recurring Sin Tax Law that Was Newly Implemented by Benigno Aquino3046 Words   |  12 Pagesfield. In belief, the purpose of the imposition of excise tax on sin products is to raise revenues and discouraging the consumption of the tobacco products and alcoholic beverages. It is claimed that higher excise taxes on tobacco will make some smokers to quit, and reduce consumption of continuing smokers, and prevent others from starting (Sunley, 2009). Because the demand for cigarettes is relatively price inelastic, the expectation is that higher taxes will yield higher revenues in the near term whileRead MoreHow The Cigarette Industry Affects Society With Disease And Reduces Social Economic Welfare1142 Words   |  5 PagesThe cigarette industry is known to cause market failure. It burdens society with disease and reduces social economic welfare. These negative externalities are thought to far outweigh any economic benefits that the industry yields (Guhl Hughes n.d). To combat this, governments implement indirect taxes with the aim of reducing the number of smokers. Evidence shows th at this has been the most effective means of reducing demand for cigarettes (Cotter, Dunclop Perez 2011). In the context of the competitiveRead MoreAnalysis of an Excise Duty: the Policy of Tobacco Taxes in Germany4204 Words   |  17 PagesDaniel Strà ¶bel - Analysis of an excise duty: The policy of tobacco taxes in Germany Analysis of an excise duty The policy of tobacco taxes in Germany Master of Business Administration (MBA) Module: Assignment: Course Instructor: Economics 1/2 Dr.rer.pol. Markus Wilhelm Author: Daniel Strà ¶bel 1 Daniel Strà ¶bel - Analysis of an excise duty: The policy of tobacco taxes in Germany Executive Summary Aim of this work is to analyse tobacco tax in Germany and find out under whichRead MoreEssay about Sin Taxes5069 Words   |  21 PagesPOLS 5440 Principles and Processes of Government Budgeting | Sin Taxes, Good or Bad? | An Examination of the Use of Sin Taxes in the United States | By: Stacy Madden4/27/2012 | Executive Summary Historically sin taxes have been an effective and efficient way for the government to raise revenue. The federal government used tariffs and consumption taxes to generate almost all of its revenue in the early years of our nation. The tax structure and philosophy has evolved and changedRead MoreIntroduction. Tobacco Use Throughout The United States1254 Words   |  6 PagesWashington Duke of North Carolina hand-rolled his cigarettes and sold them at the end of the Civil War, this was the beginning of the commercial cigarette era (healthliteracy.org). In 1881, 16 years after Duke began the commercial cigarette, James Bonsack invented the cigarette-making machine with the help of Duke’s son, James. The production of Bonsack’s machine could produce about 120,000 cigarettes a day (healthliteracy.org). This was the moment when cigarette smoking became a widespread epidemic andRead MoreResearch Paper On Taxes1613 Words   |  7 Pages Are taxes an effective method of changing health behavior? Anette Hooper November 11, 2017 Abstract Policymakers have identified an opportunity to modify individual negative health behaviors by increasing the financial burden of those behaviors through the imposition of sales tax on consumer products deemed harmful to the public. Research supports the ability of health taxes to encourage consumer transition from the precontemplation stage to action towards cessation

Beowulf And Sir Gawain And The Green Knight - 897 Words

During the Middle Ages, two poems, Beowulf and Sir Gawain and the Green Knight embody heroic figures. Beowulf, who demonstrates all the characteristics of an ideal hero, is faced with physical and moral challenges that no other man could face during his existence. Beowulf was not only looking to become a hero, he wanted to reveal the importance of establishing identity. However, Beowulf was not the only hero during this time period. Sir Gawain also participates in challenges that define his character. Sir Gawain was indeed a hero, but he was mostly concerned with maintaining his reputation, which sets him and Beowulf apart when it comes to being the most ideal hero. Beowulf and Sir Gawain are both models of strength and bravery as they achieve deeds in order to bring glory to their king. As both men try to establish a heroic title, Beowulf gained better recognition because he was a hero to his not only his king, but to his entire society. Although both heroes demonstrate spontaneous actions, Beowulf gained far more recognition than Sir Gawain did. Beowulf was not only recognized by his entire society, he portrayed a character to his warriors that they should endeavor. The poem Beowulf, explains two phases, youth and age, where Beowulf acted as the ideal hero. During Beowulf’s youth, he showed his courage during the swimming match with Breca. As Beowulf made a name for himself, he developed as a hero when he defeated Grendel. Not only did he gain a heroic title he wasShow MoreRelatedBeowulf And Sir Gawain And The Green Knight Essay2373 Words   |  10 Pagesjeopardized community. In addition, the courageous hero often becomes the symbolic figure by representing the esteemed cultural ideals of the community. Such is the case in the works Beowulf from the Anglo-Saxon period and Sir Gawain and the Green Knight from the Late Middle Ages. Both heroes Beowulf and Sir Gawain represent certain customs for their respective communities; however, the three hundred and fifty years between these two works contribute to the contrasting views in the definition ofRead MoreSir Gawain And The Green Knight And Beowulf1471 Words   |  6 PagesThe Merriam-Webster Dictionary states a hero is â€Å"a person who is admired for great or brave acts or fine qualities.† A hero is looked up to for the brave and noble things he or she has done. Although the characters and plots of â€Å"Sir Gawain and the Green Knight† and â€Å"Beowulf† differ greatly from each other, the key themes of each of these works are quite similar. In both tales, the reader meets a hero who is endowed with mental, physical, and spiritual gifts that equip him for the task of confrontingRead MoreBeowulf And Sir Gawain And The Green Knight1499 Words   |  6 PagesIn Beowulf, and Sir Gawain, and the Green Knight, we can appreciate the significance of Beowulf and Gawain s reputations because they establish their identities in society. Reputation can be defined as a n â€Å"overall quality or character as seen or judged by people† (Merriam-Webster). First, we will discuss how reputations can be interpreted according to the individual. Then we consider what if they were to fail to uphold the expectations of others, and if so, what aspects of their lives would be affectedRead MoreAnalysis of Sir Gawain and the Green Knight and Beowulf955 Words   |  4 Pages According to Sir Gawain and Beowulf heroic adventures, Sir Gawain has to leave his place by himself to meet the Green Knight and takes a risk on his own way as same as Beowulf who went out from his palace to beat the dragon by himself. However, their calls to the adventures contrast Sir Gawain and Beowulf heroic stories. The first decision is the most significant part of the heroic story that the protagonist has to choose either go out following the call or step away. Expectedly, every protagonistRead MoreComparing Sir Gawain And The Green Knight And Beowulf733 Words   |  3 Pages â€Å"Faith, valor, loyalty, truth...† one can expect these virtues that comprise the Chivalric Code from an orthodox knight in the Middle Ages. The Germanic Warrior Code, on the other hand, governs the warring tribes of Norsemen. In Sir Gawain and the Green Knight and Beowulf as translated by Simon Armitage and Seamus Heaney, the core values of the two codes are respectively personified as the two protagonists. Despite the numerous similarities between these two disciplines, they differ over the existenceRead MoreThe Supernatural in Beowulf and Sir Gawain and the Green Knight863 Words   |  4 PagesIn Beowulf the supernatural presents instelf in it’s monsters. Grendel, Grendel’s Mother, and the Dragon, all mythical creatures that only exist in tales of fiction. Beowulf also possess another element of the supernatural. The juxstapositon of a strong christian world view against those from the past who were well known pagans. In turn Beowulf positions the monsters in the work as biblical descendants of Cain. In Sir Gawain and Green Knight, supernatural plays a simlar role. The Green Knight isRead MoreComparing Beowulf And Sir Gawain And The Green Knight Essay1762 Words   |  8 Pagesultimately tying in with the theme of the work. Beowulf and Sir Gawain both exhibit what the Anglo-Saxons and the Middle-English viewed as both proper and improper conduct. What the reader encount ers through these two characters, however, involves a paradigm shift between the two cultures, with values, fate and pride leading to demise , reflected in Beowulf contrasting with those, the knight’s code of honor and chivalry, expressed in Sir Gawain and the Green Knight. These dissimilar worldviews become apparentRead MoreComparing Beowulf And Sir Gawain And The Green Knight Essay1555 Words   |  7 Pagesideology is, does one value loyalty? Among the many values of the Anglo-Saxons, such as bravery, truth, and honor, above them all stands loyalty. Through an archetypal analysis, one may view how two major works of the Middle Ages, Beowulf and Sir Gawain and the Green Knight, both reflect attributes of loyalty, specifically the testing of one’s loyalty and the consequences of disloyalty, which reflect the behavior and values shared by the Anglo-Saxons and the people of the Late Medieval era. When analyzingRead More Sir Gawain and the Green Knight and Beowulf Essay 499 Words   |  2 PagesSir Gawain and the Green Knight and Beowulf â€Å"My body, but for your blood, is barren of worth; And tis I have asked for this folly not fit for a King.† These are the words of a true hero. One who is willing to sacrifice his own existence for the life of another. These are the words and actions of Sir Gawain, a character from the beloved British tale, Sir Gawain and the Green Knight. Beowulf, another character from an ancient British epic entitled, Beowulf, is also portrayed as a â€Å"heroRead MoreComparing Beowulf And Sir Gawain And The Green Knight1338 Words   |  6 Pagesmake me really love it called â€Å"Beowulf† and â€Å"Sir Gawain and the Green Knight.† Both of this story illustrated between these women s always try to overcome with all the mission in life and show their responsibility to achieve successfully in life. Thus, the poet shows that the women s role in British literature is a very good central point, they always face with all these conflicts about the protagonist male throughout the poem. Besides that, Beowulf and Sir Gawain always challenge with all the women

Monopolies Duopoly and Oligopolies in Australia-Free-Samples

Question: Discuss about the Monopolies, Duopoly and Oligopoly in Australia. Answer: Introduction Depending on the presence of number of buyers and sellers in the market, different form of market exists in the economy. Other than perfectly competitive market, all other forms of market are known as imperfectly competitive market. In every form of imperfectly competitive market, sellers enjoy some market power. The extent of market power varies depending on the specific form of market. In the paper, prevalence of imperfectly competitive market in Australia is examined. Like any other nation, there is a long held monopoly structure in the telecommunication industry in Australia. Telstra is the monopolist in market. However, with increasing competition from a close rival, Singtel-Optus the structure is becoming a duopoly one. A recent article published on the possibility of having a duopoly structure in phone and internet market is reviewed. Essence of the story In Australia, there are duopoly structures in the supermarket and airline business. Woolworth and Coles are the two-duopoly players in the supermarkets. In Airline Qantas and Virgin Australia are running the duopoly business. The next segment in the Australian economy that is going to experience a duopoly structure is the telecommunication sector. The chief executive of Optus their marketing strategy and corresponding market share as published in the The Sydney Moring Herald (Ramli, 2017). The other large telecom companies include Vodafone Hutchison, TPG telecom and one or more others. They are also trying hard to increase their market share but Singtel- Optus alone left all these competitors behind. TPG telecom has overtaken iiNET increase its strength in the telecom industry but this does not make any major difference I the composition of telecom industry. Telstra has successful in retaining its market share because of providing customers a reliable network connection high quality bandwidth. Market data reveals that customers in telecom industry value network quality more than the price. Many of Vodafone subscribers has switched from Vodafone to Telstra or Optus because of poor quality interrupted services. Optus thus attempts to increase their quality of services in addition to serving their customers with cheaper service. Optus is quite success full in offering a satisfactory phone and internet service. More than 60 percent internet subscriber now opt either Telstra or Optus service. In case of mobile industry, the percentage is even higher. 80% people in Australia services of either of the two large players (Bragg Christian, 2017). Economic theories and concept Oligopoly An oligopoly market is characterized as having numerous buyers and a few sellers. Rivals follow the strategies of each other to increase their market share. Sellers in the market often face a kinked demand curve for their products (Whitehead, 2014). The kinked demand curve has two types of elasticity in its two parts. In the inelastic part a price war is observed among the sellers top undercut the market share of each other. Figure 1: Oligopoly Market with Kinked demand curve (Source: As created by Author) The kinked demand curve is ABC as shown in above figure. Equilibrium point is E as obtained from the profit maximizing condition, Marginal Revenue (MR) = Marginal Cost (MC) (Fershtman de Zeeuw, 2013). Rival sellers in the market reduce their price below the equilibrium. Once one firm do that other also do the same and this triggers a price war in the market. In the telecommunication industry, few large players are Telstra, Optus, Vodafone, TPG. Each offers attractive prices to the customers to increase its own market share by undercutting others. Among them Telstra acquires the largest market share (Shahiduzzaman Alam, 2014) Duopoly The oligopoly structure in the market transforms to a duopoly structure when two large firms serve all buyers in the market. As there are only two firms in the market, market concentration is greater in duopoly as compare to oligopoly (Shepherd, 2014). The monopolist position of Telstra is likely to be threatened with the rise in share of Optus. Monopoly A Monopoly is a market structure dominated by a single seller. Among all the forms of imperfectly competitive market monopoly market is the one where seller enjoys most advantageous position. The monopolist is completely able to supply a very low quantity at a very high price grabbing the entire surplus in the market (Mahanty, 2014). The monopolist often goes for price discrimination to increase the surplus enjoyed. Figure 2: Market with monopoly seller (Source: as created by Author) The figure above describes a monopoly market. Given complet5e control over price and quantity it is possible for the monopolist to enjoy an economic profit even in the long-run in contrast to a competitive market (Holian, 2014). The shaded region shows the prospective economic profit in the monopoly market. Recommendation Transport and communication are two important pillars of economic growth. Hence, development of these two sectors is important. There is no doubt that Telstra is doing best in providing its customers a steady mobile and internet service. However, the quality is often undermined by its high cost. Customers having medium to low affordability often look for a comparatively cheaper network connection. This is one factor responsible for recent undercut of Telstras market share. Thus, Telstra should consider revising its price to retain its market share. Optus on the other hand, should work on improving the quality of its services. By offering cheaper package plan Optus though successful in increasing the number of its customers there are still some question on the reliability of the network service. Once Optus overcome the barriers of quality it will come at par with Telstra. Conclusion The evaluation of the articles reaches to the conclusion that telecom industry in Australia has received another big player, Singtel-Optus. With this the monopoly structure or otherwise monopoly structure will be reduced to a duopoly one. This benefits the Australian customers by providing them another reliable yet comparatively cheaper service provider. Previously they have only one choice for having a quality choice. With efforts made by Optus in improving its services, there is high chance of breaking the monopoly of Telstra. Some recommendations have been made for both Telstra and Optus, which can benefit concerned company and customers in general. References Bragg, J., Christian, R. (2017).Telstras Mobile Market Share In Decline | channelnews.Channelnews.com.au. Retrieved 17 August 2017, from https://www.channelnews.com.au/telstras-mobile-market-share-in-decline/ Fershtman, C., de Zeeuw, A. (2013). Possible inefficiencies in a duopoly trading emission permits.Strategic Behavior and the Environment,3(4), 279-303. Holian, M. (2014). Principles of Microeconomics. Mahanty, A. K. (2014).Intermediate microeconomics with applications. Academic Press. Ramli, D. (2017).Optus chief predicts telecommunications duopoly with Telstra.The Sydney Morning Herald. Retrieved 17 August 2017, from https://www.smh.com.au/business/australias-phone-and-internet-market-could-become-duopoly-says-optus-chief-20150604-ghgm5b.html Shahiduzzaman, M., Alam, K. (2014). Information technology and its changing roles to economic growth and productivity in Australia.Telecommunications Policy,38(2), 125-135. Shepherd, G. (2014). Critique of the new NBN policy.Australian Journal of Telecommunications and the Digital Economy,2(4). Whitehead, J. (2014).Microeconomics: a global text. Routledge.

Employee Commitment on Organizational Performance †Free Samples

Question: Discuss about the Employee Commitment on Organizational Performance. Answer: Introduction: In an organisation, the effective communication plays an important role as the manager has to coordinate all the functions and employees which involves liaison. This role of manager not only requires the communication with the internal organisation but also to external environment which includes stakeholders (Yukl, 2013). Manager should include formal and informal communication in its channel so that easy transmission of information should be there. Development of personnel is a tedious task for manager as all the personnel comes from different backgrounds, following different beliefs, having different cultures and acceptability. There is always adoption of one common way so that each and every individual can follow, implement and learn. Setting up of the organisational goals by manager, shows the results which manager wants to achieve in the future course of time. Setting objectives and goals can be made easy when organisation is following the decentralisation; all the decisions can be taken without waiting for the approval by the top level heads (Alfes, Truss, Soane, Rees and Gatenby, 2013). Manager has to support the performance of individuals by giving them directions how to implement the task and achieve best results out of that. By proper communicating and coordinate the activities, manager can easily manage maintain the relation between internal and external environment (Cascio, 2018). Improving process and quality includes trained the new technologies and updating to employees on the job. Development of employees will lead to improvement in process and quality of products and proper vision by the manager should be there. Functions of Manager: Planning is nothing but a gap between where the company is standing today and where manager want that company to reach. All the decisions related to expansion, diversification and other activities are taken by the manager in planning decision. Company plans in advance what activities they have to do, how they will do it and who will going to perform that activity in the organisation. Organising refers to the arrangement of resources and assignment of duties to the employees and establishing authority relationship among them (Child, 2015). Organising includes all the allocation of work or tasks and resources to the employees for implementation of work. Staffing includes recruitment, selection, training and development of personnel and giving them adequate remuneration. This function performed by manager for the right selection of employees at right time for performing the task in the organisation. After following all these above functions, manager gives the direction to the employees how to implement the activity in real in the organisation for achievement of goals. Directing involves supervision over employees working, motivating them and communicating all the important information (Fayol, 2016). After all the resources are put in place, managers work yet not complete as he has to do the correcting work. This work includes measuring the differences in expected and actual results and if the results are not matching to the expectations then corrective measures were taken by the manager. Challenges and risks: Maintain the quality as well as quality in the time when prices are at its peak. Challenge for manager is to provide a good amount of quantity with good quality standards of product (Murray-Webster, and Hillson, 2016). Manager has to maintain the balance between the quantity and quality of the product in that particular cost only. Timely converting the goals or objectives into results is a job of manager. Manager has to complete the task with efficient utilisation of resources and within the time sanctioned. Updating the technology timely is a challenging task for a manager. Implementing new technology in a new organisation depicts employees smartness and ability to understand new changes done in the organisation. In a recent interview of Coca Cola Amantil, manager has accepted the fact that they are facing the problem in managing the risk and finding the new banks for the deposit of money. This is because of the reason that the credit rating companies has pushed the rating of company to the downside (Global Capital, 2012). The environment in which the business is operating is keeps on changing day to day. The manager has to work in that complicated environment and have to face the changes on daily basis. In the market there are always availability of new opportunities and threats the manager has to find that by scanning the business environment (Reason, 2016). Customers choices and preferences are changing very frequently. Now customer prefers to have more of health conscious drinks. Although Coca-Cola is offering a wide variety of products for diet conscious and health conscious customer but then also there is a high competition in the market as close substitutes are available like Pepsi. Impact of values, ethics and diversity on culture and role of manager: Values are just the fundamental beliefs of an individual and the principle of doing the right and justice within organisation and should have to follow the organisation prescribed values. The relationship between the employee performance and organisational values plays a significant role in the organisation for the employee satisfaction (Hannington, 2016). These values include optimum utilisation of resources, doing work with innovation and creativity, coordination with the employees, communication about information and grievances and showing integrity and loyalty towards the organisation. The value of the companies governs the policies, procedures, strategies and appraisals for the company. Values also affect the products offered by the company as it includes how the product will sale and to be offer to public. Ethics are the beliefs of an individual that governs their moral values, honesty, integrity, confidentiality and justice. Business ethics is a field in which cod of conduct of business has been followed by seeing corporate responsibility and taking social and legal factors in mind. Mostly businesses do the ethical advertisement of their product to have good brand image of product and Company in the minds of customers (Sacconi, 2012). Company tries to charge a price which is relevant as customers are price sensitive to this factor. If a company offers a product advantages and disadvantages with full transparency then this activity is considered to be an ethical. In Coca-Cola Amatil, the ethics and code of conduct of business in the organisation has been already defined that how individuals have to perform a role or activity in an ethical manner. This code of conduct includes honesty and integrity in the working of employees and these workings are transparent to the stakeholders. Coca-Cola is following the concept of providing the good quality products to the consumer. Decisions by individuals are made with justice, fairness and impartiality. Following ethics is important in every organisation as it increases the confidence in consumer that company is ethical in nature and its activities and does not provide any adulterated products (Thiel, Bagdasarov, Harkrider, Johnson and Mumford, 2012). It also increases the corporate goodwill of the company by ethical behaviour in society and can also reduce their financial liabilities. Diversity of culture is nothing but an individual values, norms and tradition which they follow and judge, interact, percept others on that basis. It is difference in the caste, sex, religion; culture and social abilities of an individual (Hofhuis, van der Zee, and Otten, 2012). Implementing diversity in the organisation is difficult as it include all individuals from different backgrounds and having different beliefs and influencing individuals to together come up with the same norms, policies and rules and beliefs cannot be done in a one stroke (Patrick and Kumar, 2012). So implementing a diversity culture adoption is a long way activity which managers have to perform. Coca-Cola also facing the diversity challenge as it has a wide geographical reach so it has to maintain the rules according to that only. The company has facing many problems because of diversification in culture like company is spending a high cost for maintaining the diversity. Company is providing training and mentoring regarding the diversity in culture throughout the branches in world (Irefin, and Mechanic, 2014). Coca-Cola is trying to maintain the work life balance possible for individuals. Some employees are also file suit on the company on the ground of discrimination on the basis of race or diversity. From the above discussion, we can conclude that the coca cola is a leading brand in the soft drink field. To manage this leading position, organisational structure is an essential component in the organisation and managing the structure is the work of manager. Manager is responsible for managing the structure effectively and efficiently while communicating and coordinating with all the related aspects affecting the organisation. Conclusion: In todays competitive environment, manager has to perform complex task and are facing many challenges in risk in operating the organisations working. Financial risk, dealing in dynamic environment, changes in consumer preferences all are working as a barrier for efficient working of a manager. Manager has to survive in the environment while following the rules and policies made by the organisation and also have to perform the activities according to the norms, values and in an ethical manner. Performing the activities in an ethical manner and coordinating with the diversified culture is also done by managers. Values, ethics are made in organisation for maintaining the same rules and regulations for all the employees and to have a corporate goodwill. For having an ethical and value image in the eyes of public, the company also do the CSR activities. Company can also use other methods for having an ethical image in the eyes of consumer like company can introduce a campaign, or can do t he promotional activities. References: Alfes, K., Truss, C., Soane, E.C., Rees, C. and Gatenby, M., 2013. The relationship between line manager behavior, perceived HRM practices, and individual performance: Examining the mediating role of engagement. Human resource management,52(6), pp.839-859. Yukl, G.A., 2013.Leadership in organizations. Pearson Education India. Trompenaars, F. and Hampden-Turner, C., 2011.Riding the waves of culture: Understanding diversity in global business. Nicholas Brealey Publishing. Child, J., 2015.Organization: contemporary principles and practice. John Wiley Sons. Fayol, H., 2016. General and industrial management. Ravenio Books. Global Capital, (2012).Interview: Coca-Cola Amatil facing challenges in managing credit risk. [online]. Available at: https://www.globalcapital.com/article/k39kwlmxhlkn/interview-coca-cola-amatil-faces-challenges-in-managing-credit-risk. [ACCESSED ON 27th march 2018] Reason, J., 2016.Managing the risks of organizational accidents. Routledge. Murray-Webster, R. and Hillson, D., 2016.Managing group risk attitude. Routledge. Hannington, T., 2016.How to measure and manage your corporate reputation. Routledge. Sacconi, L., 2012.The social contract of the firm: economics, ethics and organisation. Springer Science Business Media. Thiel, C.E., Bagdasarov, Z., Harkrider, L., Johnson, J.F. and Mumford, M.D., 2012. Leader ethical decision-making in organizations: Strategies for sensemaking.Journal of Business Ethics,107(1), pp.49-64. Patrick, H.A. and Kumar, V.R., 2012. Managing workplace diversity: Issues and challenges.Sage Open,2(2), p.2158244012444615.. Managing workplace diversity: Issues and challenges.Sage Open,2(2), p.2158244012444615. Hofhuis, J., van der Zee, K.I. and Otten, S., 2012. Social identity patterns in culturally diverse organizations: The role of diversity climate.Journal of Applied Social Psychology,42(4), pp.964-989. Irefin, P. and Mechanic, M.A., 2014. Effect of employee commitment on organizational performance in Coca Cola Nigeria Limited Maiduguri, Borno state.Journal of Humanities and Social Science, pp.33-41. Keller, K.L., Parameswaran, M.G. and Jacob, I., 2011. Strategic brand management: Building, measuring, and managing brand equity. Pearson Education India. Cascio, W., 2018.Managing human resources. McGraw-Hill Education.