MBA summary Essay

Submitted By Luli2524
Words: 678
Pages: 3
Open Document
Chapter 1 The economic policy consensus

1. Introduction
Economic policies have changed around three basic principles:
Emphasis is on using market mechanisms to achieve objectives (governments intervene selectively and targeted)
Macroeconomic policy focuses on stability rather than targets or growth
National policies have become more outward looking – relaxing capital mobility and global investment

2. Economic policy consensus
2.1 Competition and the market system
Government spend as a % of GDP was high and they started questioning whether they were efficient. Answer was no, they need to become more effective and efficient:
Privatisation – sell of business that can be done better by industry
Deregulation – less direct government intervention and market mechanisms are used
Public sector changes – tendering creating market-type disciplines and outsourcing
Pro-competition policies – improves efficiency
Labour market flexibility – to try and solve unemployment
Enterprise-friendly environment – fewer regulations and lower tax in order to promote growth 2.2 Macro-stability
Is an effective means of achieving sustained growth. How?
Price stability – independent central banks is responsible for this
Budget balance – low budget deficit and reduced debt relative to national output = fiscal balance
Control of government spending – will stimulate private investment and reduce unemployment. Reduced public spending, reduce tax, private sector will employ more people.
2.3 Globalisation of business
Liberalisation of capital
Foreign investments
Free trade
Labour mobility

3. Why policy change?
Deterioration in the industrial countries economic performance – as a result of oil price increases which resulted in slowdown of growth
Socialist model lost credibility – due to apparent poor achievement
Economic success in East Asia vs economic decline in Africa and Latin America – Asia adoption of liberal economic policy
Developments in economic theory showed that even the best-intentioned government intervention tended to create distortions in the system, which could be more damaging than the faults in the private sector market it was designed to correct – therefore countries with market incentives, macro-stability and freer trade performed better
Advances in technology, reduced the cost of communication and travel, making government restrictions on movement harder to enforce and making it easier to evade regulation and higher taxes

4. Implications for the future
What are the implications and how do we deal with them?
Massive opportunities for local firms but also increased competition
Greater competition means less job security as companies seek the lowest-cost location
The more flexible labour market will mean less demarcation, less rigid pay scales, weaker unions and different forms of employment
It will be easier to find work but it will also be easier to be dismissed

5. Criticisms of the new consensus
Two biggest criticisms is that the consensus policy is incomplete and sometimes misguided –
Incomplete
Only focuses on liberalisation, deregulation and privatisation but not enough attention is given to ongoing needed government intervention in areas such as
Show More

Related Documents: MBA summary Essay

article review Essay

students’ communication apprehension, and offered recommends for solving this apprehension. SUMMARY Among the students majored in masters of business administration (short for MBA), the level of communication apprehension (short for CA) has not been researched exhaustively so far, which provided a chance for the researcher to do a pioneer investigation related this topic. In addition, students with MBA education confront a communication world both in internal organization environment and external…

Words 1088 - Pages 5

Currently There Are Over 15 MBA Programs Available To Residents Of The Twin Cities

MBA 520 Marketing principles Exam # 1 April 3, 2013 Currently there are over 15 MBA programs available to residents of the Twin Cities. Given this high level of competition, you are asked by Matt Nowakowski to put together an “Executive Summary” of your ideas in how the St. Mary’s MBA Program could be marketed in 2012 and 2013 using some of the principles learned in Chapters 1-8 in the Grewal and Levy text and/or in Chapters 1-6 in the Marketing War Fare. This synopsis of your ideas should…

Words 1071 - Pages 5

Career Aspirations Essay

progress in the degree program and how the completion of this degree will qualify you to achieve your career goals. Why an MBA The MBA is not an end in itself, but a means to an end. It is a degree designed to give you the ability to develop your career to its fullest potential, at an accelerated pace. What will you get out of an MBA? Aside from a powerful life experience, the MBA degree should supply three main value propositions: Skills, Networks, and Brand. Skills These include the "hard…

Words 1497 - Pages 6

Microsoft and Management Information Systems Essay

Summary Software Professional with over 5 years of experience in IT industry and proven record of designing and delivering solutions with focus on customer satisfaction. Currently pursuing MBA with concentration in Management Information Systems. Experience in Strategic Planning, Project Management, Client Interaction, Analytical Thinking, Root Cause Analysis, and Negotiation skills. Education MISSISSIPPI STATE UNIVERSITY, College of Business, Starkville, Mississippi…

Words 373 - Pages 2

Resume And Cover Letter

are unique. It’s okay to use a nickname, such as “Jon” instead of “Jonathon” but avoid unprofessional nicknames. Also, make sure your email address is appropriate and includes your name. RESUME Name Address Phone, Email PROFESSIONAL SUMMARY Write 2 – 3 brief sentences that help the reader to immediately understand your brand. You’ll want to link your education and past experience with your short and long term goals. Also help the employer to understand how you can contribute to the…

Words 1200 - Pages 5

Blueprint Professional & Personal Growth Part II Essay

from the course “Dynamic Leadership”. It gives a brief breakdown of my path to achieving my MBA. An executive summary is presented to show how the course educated me in a more systematic way and how it helped me identify my qualities as a leader and my values. Furthermore, in detail is three (3) goals I plan to achieve in my personal and professional development. Executive Summary Throughout this course, Dynamic Leadership has educated me and enlightened me in three aspects…

Words 2264 - Pages 10

Student: Microsoft Powerpoint and Total Slides Essay examples

Hey all Here is the initial assignment as per the syllabus: Group Project: Groups will be assigned by Week 3. Your group project will continue a project to market the UIU MBA program. A class began the initial phase of this plan last term. Your task will be to use that previous data as a base and build on implementation, possible revision and present a final presentation. Your group will build a PowerPoint Presentation. There is a minimum of 20 slides and 5 references. \Your first slide should…

Words 340 - Pages 2

Jamie Turner at Mli, Inc. Harvard Business Brief Case Essay

THOMAS MORE COLLEGE ACCELERATED DEGREE PROGRAM MASTERS OF BUSINESS ADMINISTRATION MGT-MBA 611: MANAGEMENT, ORGANIZATIONAL BEHAVIOR AND DESIGN Participant Module MBA Cohort 72 Rob Harris Eddie Ostriecher August 2012 Thomas More College MGT 611 Course structure and grading policies Course Description The goal of this course is to introduce students to the MBA program through the study of various instrumental techniques and management concepts. Students will learn writing and research requirements…

Words 6396 - Pages 26

HR3759 School Administrator 25 11 14 Essay

Llandaff Campus Grade: 3A/B Salary: £19,083 - £22,685 per annum Tenure: Permanent Hours of work: Full time - 37 hours per week Accountable to: Programme Support Co-ordinator – if assigned to undergraduate programmes MBA Support Officers – if assigned to MBA Role Summary: Working as part of a team of administrators, this key role supports the Programme Directors, Year Tutors and Heads of Department with high level administrative management in the day-to-day delivery of programmes within the…

Words 1457 - Pages 6

Colgate Case Essay

A Fresh Breath Smile with a Kick of Mint Colgate Max Case Study Justin Hauver and Alyssa Rosario MBA601 Entrepreneurial Marketing Strategies Professor Laurie Rosner, Executive in Residence MBA Program 04/08/2015 “We submit this paper is entirely my own work and agree it may be submitted to Turnitin for the purpose of checking for plagiarism and further it may be maintained on the Turnitin database to check for future plagiarism.” Introduction: Apparent Issue: Global business…

Words 351 - Pages 2