Coursework for Week 5 Example | Topics and Well Written Essays - 250 words

For Week 5 - Coursework Example The consumers are aware of their involvement with finance as operations between the parties are transparent. Banks provide ideal information for credit, mortgages and advice on risky investments making consumers have good decision-making in the economy. Business cycles are the fluctuations that an economy experiences over a particular period. In United States, it is usually measured by the national bureau of economic research (NBER) often noted by expansion and recession. The cycle begins with development that shows an economic growth of high income, reduction of unemployment and increased productivity while depression refers to contraction of the exceeding highlighted indicators. For expansion, it is the time from one trough of the previous cycle to peak of the current cycle, and the vice-versa is true for recession. Economists believe that workers should be compensated according to the output of the firm or the economy. Hence, as labor productivity increases, wages should rise in equal measure that has not been the case in the United States (Basu, & Foley, 2013). Inflation has been on the rise while wages are relatively constant over the past few decades; hence their consumption power is reduced as they cannot purchase the bundles of goods as before. Due to this, workers have to worry about their production in the

Walmart Undergoing Change Case Study Example | Topics and Well Written Essays - 750 words

Walmart Undergoing Change - Case Study Example It is expected that this change will greatly improve the performance and the competitive advantage of the company in the business environment. The needs of employees are often met by the leadership of a company or organization. The needs of employees within Wal-Mart’s different functional areas will therefore be met under a unified team of leaders. There are diverse needs among employees such as effective compensation, benefits, good working environment and suitable working hours. These needs would be affected by the new leadership structure. For example the needs of employees within the Logistics function are likely to be different from those within the Real Estate function. In order for these change to be effective, it is therefore necessary for the company leadership to effectively communicate with employees and understand their needs so that an effective plan for meeting them would be implemented (Vakola & Nikolaou, 2009). Since the organizational change at Wal-Mart is aimed at improving the service delivery to the customers, it is evident that the company is likely to recruit new employees to ensure that this objective is achieved effectively. The management of organizational change includes meeting the training needs of new employees (Tsoukas & Chia, 2008). This means that the new leadership team within Wal-Mart will be responsible for developing a training program in which the skills and knowledge of new employees on the job will be effectively attained. In the selection of new employees, the company must adhere to the recruitment policies within its policy notebook. This means that the required level of education, experience, skills or knowledge for the various functional areas of the company must be exhibited by the new employees. The recruitment process must also ensure that the new employees will add more value to the company through promoting its productivity and making it more competitive in its market. Since the systems and