Managing peple in practice Essay Example | Topics and Well Written Essays - 1750 words

Managing peple in practice - Essay Example The increasing level of competition and the continuous exposure of the businesses to the different dynamics of the external global business environment have made it more necessary to concentrate on managing, guiding, developing and supporting the most valuable resource of a company which is the human resources base. This essay discusses that performance and efficiency of employees and their dedication towards organizational goals are driven by effective HRM practices at workplace. The essay also evaluates and discusses the major impact of effectiveness of good or bad leadership on the sustainable growth of failure of the organization within an industry. Google Inc. is an American multinational specialized in computer and internet related products and services like search engines, cloud computing, software systems, online advertising technologies etc. This company is chosen as the selected company for discussing the management of people resource because Google inc. is one of the most renowned companies in the world from the perspective of employee management. The ways in which Google inc. has managed and motivated its diverse employee group and work culture to build on sustainability, innovation and success are discussed in the following sections of the essay. The essay is concluded by documenti ng the findings from the analysis as well as by highlighting the significant points of human resource management as identified from the discussion. Google Inc. was ranked as the best company to work for in the Fortune magazine’s list of best employers in 2007, 2008 and 2012. The company was listed as the fourth best company to work for in the same magazine’s list in 2009 and 2010. Also, Google Inc. has been nominated as the most attractive employing company for the graduate students as per the index prepared and presented by the Universum Communications talent attraction index. The corporate philosophy of Google Inc. itself is representative

Keynesian Economic and Monetarist Economic Policy Research Paper

Keynesian Economic and Monetarist Economic Policy - Research Paper Example Such impressive growth was the outcome of Keynesian policies, such as the needs of intervention by the government (Discover the networks, 2012). This period was the golden age of Keynesianism. However, the world economy faced a big recession, which resulted from not only rising inflation and unemployment but also dropping economic growth, after 1973. People began to believe the newly risen Monetarism, which claims fiscal policy is not useful, due to the failure of Keynesianism.   Keynesian Economic Policies Keynes emphasized that aggregate demand in the economy can be influenced very effectively by altering the levels of government spending as well as tax rates (Nelson, 2006). The neoclassical economic theory could not explain the factors that led to the economic collapse of the country and was also unable to make some appropriate public policy that would help to solve the economic crisis. While the need for any kind of government intervention was rejected by the orthodox neoclassi cal economists, Keynes advocated that inactiveness on part of the government would only worsen the condition of unemployment in the economy and aggravate the situation of an economic downturn. John Maynard Keynes stated that in order to improve the economies the governments should raise levels of public spending and cut taxes. Neoclassical economists did not approve of this action in the given economic context since there was an established view embracing the lassie faire mode of the economy that claimed that in the market economy, if the market equilibrium is disturbed, the economy has the potential to make an automatic recovery, without necessitating any government intervention. In contrast to this, Keynes argued that in an economy in which there is the high rate of unemployment with low aggregate demand, the economy would ultimately get weaker if indefinitely demand is allowed to fall short of the productive capacity of the economy. The solution proposed by Keynes was to stimulat e demand in the economy. The policy directions made by the economists were discretionary fiscal policy changes that were to the made by the government in accord with the condition of the economy. When the country is in recession, the government is responsible for increasing public spending so that it raises the aggregate demand in the economy. Higher levels of government spending would boost demand both directly and indirectly. Government's expenditure increases the incomes of the workers who make higher levels of demand.  Ã‚