Article Summaries Essay Example | Topics and Well Written Essays - 250 words

Article Summaries - Essay Example Although different nations have varying prices, measuring their GDPs require the use of same prices (Charles and Klenow 7-9). The authors used Rawls prowess in economics calculate life expectancy, inequality, and other welfare components (Charles and Klenow 10-11). In constructing welfare over time, Charles and Klenow compared how Rawls valued living in the same country but in different years. Using figure 4 and table 3, they correlated welfare and income growth, as well as, displaying a summary of statistics of the same. Between 1980 and 2000, the US has registered an income average growth of 2.04% (Charles and Klenow 23-25). The researchers had to make a number of a number of assumptions from the Rawls utility functions. They checked the robustness of their calculations using alternative specifications of utility and welfare measures. The alternatives they used held up well to account for the differences between income and welfare (Charles and Klenow 29-34) They used various sources of data to perform their calculations. Consumption, as well as, income data for macro calculations was sourced from the Penn World Tables and life expectancy data from the World Bank’s HNPStats database. In addition, the inequality data was sourced from the UNU-WIDER World Income Database (Charles and Klenow 12-15). The micro data was of immense importance because it analyzed working hours and consumption rate for adults and older children in households. The data collected from the Household Survey enabled the researchers to calculate consumption inequality rather than creating assumptions from the income inequality (Charles and Klenow 38-41). The researchers, in particular, found out that the living standards of Western European were 71% for income and 90% for welfare compared to the U.S. This is because people in these countries live long, have equal consumption

The Service Quality in Bunzl Limited from the Customers' Perspective Essay

The Service Quality in Bunzl Limited from the Customers' Perspective - Essay Example It opens up a battle of supremacy between the workers’ union and the management. Watsons also has unnecessarily huge number of managers (actually 40) when the total workforce is just 200. It is impractical to have such a small company having 20 percent of the workforce at the management level. This means there is too much control and pressure towards the ordinary workers. As suggested, Managing Director Gordon Watson operates in a hands-off style where he rarely ventures in the shop-floor. It seems he has added many boxes in the chart so as to be left with little work to do. Organisational design is almost synonymous to organisational architecture. This architecture is designed to enable the company to realise its objectives as outlined in both its mission and vision. It acts as the basic infrastructure that supports all business processes and it should enable the company to take advantage of its core qualities (Triplett 2007). Watsons fails hugely also in this respect owing t o the fact that it operates without a concrete mission or vision. H&M Consulting is depicted as a successful company that has changed with the changing business environment by adopting better organisational structure and design. Considering its large global presence in 120 countries, the company has to have a reliable and practical organisation design and structure. Unlike Watsons, H&M Consulting has more than 13,000 workers meaning that handling all of them is a daunting and tricky task. For this company to be as successful as it is today, it has employed a networked structure with project teams. Most of its operations revolve around managing projects by their engineering experts or... Managing an organisation is not easy especially when operating in an international platform. Nevertheless, this needs not be an excuse for firms’ failure to persistently produce impressive results. There are many international firms that are doing well. However, looking deeply into reasons behind either performance or lack of it, it is clear to see that a great deal lies in the way a firm is managed. Contrary to the popular believe that employees can determine failure or success of a firm, they only do so as secondary participants as they simply act as agents of the management. Therefore, when employees constantly fail to deliver the responsibility should first fall on the management. Issues like organisational design and structure, extent and nature of teamwork, approaches to leadership and management and organisational culture need to be considered and formulated carefully for an organisation to achieve meaningful positive performance on a sustainable basis.