Saturday, February 29, 2020

Article In Business Example

Article In Business Ryanair warns fares will rise This article published in The Guardian discusses about Ryanair’s warning to shoot its fare up in the near future. Thisrise in fare would have to be made to meet the company’s targets. All such measures are been taken by the company to increase its profits in the upcoming years. This sudden move to increase the fares and profit is because the company posted an approximate loss of â‚ ¬11 million in the third quarter of 2010. Although the company has been a successful airline service provider recognized as one of the best in the world, it has recently been criticized by some critics along with some of its customers. The basic reason for Ryanair’s success was their ability to cope with their costs which they offered to their customers in the form of low fares, such fares were really low when compared to other airline service providers. Ryanair’s great tendency to innovate always led them to reduce their costs and increase the q uality of their service. Innovation had always been a main factor that led Ryanair to open new dimensions in the airline industry. The strategy followed by Ryanair to reduce their costs was to have low emission aircrafts such as Boeing 737; these aircrafts were also fuel efficient hence they helped Ryanair to have better control over their fuel costs even in the era when fuel costs increased drastically. Such better quality and low cost led Ryanair to be pronounced as the most profitable airline in the world by an Air Transport World Magazine. The article discussed that the company had good prospect as one of its competitors, Germany’s Blue Wings, had left the market and had created a greater scope for Ryanair to capture a much larger market share in the upcoming future. Although according to the company’s Chief Financial Officer, the company might increase its fares in the future, Michael O’Leary, the chief executive of Ryanair was of the view that the company would heavily focus on cutting its costs much more. Besides this statement, he also pointed towards the better and productive performance of the company and increased gain in the market share of the company in area such as Spain, Scandinavia, etc. Because of this news, there was a sudden rise of 5 % in the company’s share in the Dublin market. This article lead to an increase in the share price for Ryanair but this can also signal alarms for its customers as there may be some rise in the fares charged by the company. The positive thing derived from this article would be to favor the shareholders of the company, who would enjoy better profits in the following years to come. References Ryanair warns fares will rise, Katie Allen, guardian.co.uk, 2010 http://www.guardian.co.uk/business/2010/feb/01/ryanair-fares-rise

Thursday, February 13, 2020

European Research Center for Information Systems (ERICS) and its Compe Essay - 1

European Research Center for Information Systems (ERICS) and its Competitors - Essay Example In the current systems of globalization where information spread fast, the choice of institution one can join is determined by a number of factors. How an institution structures the systems determines its competitive edge in a highly dynamic market. In this case, ERICS faces competition from such institutions such as PSB Academy in Singapore. PSB is an internationally accredited institution, operating out of two campuses, the Henderson and Delta, Singapore. It was established in 1964 and has seen its name grow taking 30, 000 students annually in Degree, post-graduate and corporate levels programs. For educational programs, this is conducted through its School of Engineering, Business, Information Technology and Physical Sciences. In addition, the institution owns Center for Foundation Studies and Center for English Languages Studies that offer varying programs to cater to the needs and interests of the students. Just as like ERICS, PSB Academy centers in Information Technology with Business, Engineering, Physical Sciences and Mathematics. The infrastructure and lecturers with a vast wealth of experience have kept the institution in high regards. The graduates from the institution have recorded a high absorption rate in the market than any other institution of higher learning in Singapore. The institution is a worthy competitor to the ERICS. PSB Academy has hugely marketed itself through the world of mouth from the high intake of the graduate in the job market. The employers are well versant with the institution from the student who joins the market. The graduate is trained and skills and offer a strong marketing solution for the campus. For instance, in 2014, the institution recorded 95 % employment rate. 85 % of the graduates gained employment within the first 6 months and 3.1 on average manage to find a job (PSB, 2014). These statistics speaks volume of the quality of  education in PSB Academy.  

Saturday, February 1, 2020

To what extent can the post-war boom be attributed to Keynesianism Essay - 1

To what extent can the post-war boom be attributed to Keynesianism - Essay Example The ideas included in Keynes’s famous book, ‘The General Theory of Employment, Interest and Money, which published at 1936’ (Arnold 2008, p.226) are presented for showing the key elements of Keynesianism. Other ideas proposed by Keynes in regard to markets and economics are also used in order to respond to the following question: Has Keynesianism influenced the post-war boom and at what level? It is proved that Keynesianism has highly contributed in the development of the post-war boom but the involvement of the above framework in this phenomenon has not been direct, in the context described below. 2. The method of Keynes The understanding of the role of Keynesianism in the post-war boom requires the explanation of the key aspects of the specific economic framework. In general, Keynesianism is based on the idea that ‘aggregate demand is influenced by a series of decisions, both public and private’ (Davies and Green 2010, p.27). Public decisions seem t o be more powerful in influencing aggregate demand, compared to private decisions (Davies and Green 2010). Public decisions are those involved in a country’s ‘monetary or fiscal policy’ (Davies and Green 2010, p.27), as this policy is designed and implemented by the local government. It should be noted that in the context of Keynesianism ‘changes on aggregate demand are not always anticipated’ (Davies and Green 2010, p.27). Another characteristic of Keynesianism is the following one: for Keynesianism the changes on demand are often revealed with delay (Davies and Green 2010). In this way, there is no time for aligning wages with the actual level of demand, a fact that results to unexpected increase or decrease of labor (Davies and Green 2010). In other words, even if the vulnerability of aggregate demand towards public and private decisions is known, the measures taken by governments for securing a balance between demand and prices, including wages, are often ineffective (Davies and Green 2010, p.27). This means that Keynesianism offers the basis for the explanation of markets’ trends but it cannot provide a strategy for limiting markets’ exposure to changes. Another important element of Keynesianism is the relationship between consumption and income (Arnold 2008, p.226). The above relationship is likely to have three modes: a) the level of disposable income is a criterion influencing the level of consumption; b) as the disposable income increases so does the consumption and vice versa and c) any change on disposable income is followed by changes on consumption (Arnold 2008, p.226). Kadish (2010) focused on the view of Keynes in regard to market controversies. According to Kadish (2010), Kaynes considered these controversies had been resulted mostly because of communication failures and did not reflect the actual status of the economy (Kadish 2010). As a result, three different approaches would be appropriate for resolving problems related to the performance of markets: a) the positive; this approach would focus on the actual status of a market, b) the normative; this approach reflect the status that a market could have and c) the practical; this approach focuses on the tools that would be used for reaching a solution (Kadish 2010, p.118). In general, Keynesianism can be considered as related both to ‘classical macro-economics and effective demand’