Management Essay Example | Topics and Well Written Essays - 500 words - 6

Management - Essay Example The most significant problems that are affecting the plant include, material cost and a bad co-ordination between Research & Development people and Production engineers. Repeated design changing is making the overall cost higher. Had been designs coming from R & D section go directly for production without any more rectification, cost would have lowered. There is a dispute between R & D and Production peoples. One is blaming the other, which forces me to incorporate one special investigation team to govern actually where the conflict is. One design after coming to Production section does not reserves the right to be changed without proper notification to me. According to the notice sent by Employee & Community Relation Manager, we need to hire women and people of color very soon and make sure a higher percentage will be recruited into Production section which requires more effective manpower. Nothing is born perfect. We have to give the color of perfection. Question is not how effective we are, rather question is how much more we have to be. There must be a good relation among the people in the department as well as within various departments. After getting sure that design is complete and may rule over the market then only materials should be purchased. Otherwise it’s immaterial to periodically purchase and change the model structure. To set up good relationship, weekly meetings will be organized where all the in- charges of various sections may come with their ambiguities and questions if any. Other than this, picnic party, cultural activities will help the employees to intermingle. As Baker and Baker is interested for our model 80, so production engineers must do their work to make the product available as soon as possible. After that only other models and multi channel digital system will be carried out. As we are hiring people, later on works can be split up.

Small Successful European Economies Essay Example | Topics and Well Written Essays - 1000 words

Small Successful European Economies - Essay Example since the comparison is calculated as a difference of the unadjusted weighted averages, the exchange rate can either be positive or negative. A nominal exchange rate greater than 1 signifies that the currency of the home country is worth more than the foreign currency against which it is being compared. Any value below 1 would be the opposite. Such a calculation enables consumers to determine the relative price they pay for an imported good and helps them determine whether their spending is worth more or less for the imported goods in comparison to the local currency. The Danish economy, which was agrarian in nature until the 1970s and had been facing problems with restrictions by the EEC members, could not afford to take advantage of a high growth period during the 60s. since then, the contribution of the services sector including segments such as construction and shipping has grown much more in comparison to the contribution from agriculture. Even manufacturing took a backseat with a large part of the workforce being employed in the services sector as manufacturing, which was dependent on international exports faced stiff competition. As such, this decade started to witness a marked increase in the number of companies that could thrive internally and the relevance of companies that were dependent on doing business with external entities began to diminish. This was also the time when Denmark joined the European exchange rate cooperation and the higher rate of inflation that was a result of the severe stress put on the Danish economy resulted in a negative nominal exchange rate. The marked spike in public spending combined with a squeeze on international exports also contributed to the low nominal exchange rate in comparison to the later years. The real effective exchange rate is a weighted range of an economy’s currency in comparison to the collective index of major traded currencies after adjustments for the effects of inflation. These