(It doesn't matter) Assignment Example | Topics and Well Written Essays - 1000 words

(It doesn't matter) - Assignment Example The theme of the current year’ Economic Report of the President  can be described by the headline of the first chapter of the report; â€Å"To Recover, Rebalance, and Rebuild†. The Nation has made significant efforts for the recovery from the Great Recession that took shape towards the end of 2007 and prevailed until the middle of 2009. The economy has grown for 10 straight quarters, as a result of which the Gross Domestic Product (GDP) of the country in real terms has exceeded its peal level that was achieved before the 2007-09 recession had started. The real GDP has increased 6.2 percent since 2009 (Economic Report of The President 2012, p. 42). However, the extended effects of the severity of the crisis have slowed down the pace of recovery. Job growth has been sluggish; from February 2010 till January 2012 a net total of 3.7 million jobs were added by the private sector employers (Economic Report of The President 2012, p. 27). This can be contrasted with the perio d of recovery from the 1991 recession (between November 1991 till October 1993) 3 million jobs had been added (Economic Report of The President 2012, p.27). In the mid 2009, President Obama and his Administrative body took steps to rebalance the sources economic growth. The inclination of business investment has shifted real estate to sectors like software industry, expansion of which leads to expansion of capacity and productivity. A vital down payment for the future is made by investments in education, infrastructure, clean energy and research and development. The President has emphasized upon the identification of common grounds, such that government policies can act along with the private players without impeding economic growth. The gains of economic growth are intended to provide opportunity to the middle class and the ones struggling to get into the middle class. Credit conditions have improved over the years and real consumer spending has averaged to 1.9 percent in the last two quarters of 2011 compared to 1.4 percent in the first half (Economic Report of The President 2012, p. 46). Nominal tax receipt by the State and the local governments has increased by approximately 4 percent (Economic Report of The President 2012, p. 59). While sales and property taxes rose, corporate taxes were down. Real exports rose by 5.2 percent during 2011 while real imports grew 3.8 percent (Economic Report of The President 2012, p. 60). The efficiency of the safety net programs has been emphasized upon in the report. Policy developments on the key components of the safety net are mentioned. 9.6 percent households received Unemployment Insurance in 2010 (Economic Report of The President 2012, p. 202). State would experiment with a program named ‘Bridge to Work’ in which people facing frictional unemployment while changing jobs would be taken by private employers and compensated for up to 38 hours of work per week for a period of eight weeks. The President†™s Budget includes the goal of securing a job to every American who wants a job. It has been recognized that smart regulation like the benefit-cost analysis, public investment, and promotion of clean domestic energy would lay the groundwork for technological advancement and raising productivity. Comments The US economy was stuck deep in financial crisis when President Barrack took oath of office on January 20, 2009. The economy contracted at an alarming rate of 8.9

Sources of Power in an Organization Essay Example | Topics and Well Written Essays - 1000 words

Sources of Power in an Organization - Essay Example He asserts that many researchers have been struggling to come up with more sources but â€Å"For the most part, French and Raven’s list remains intact†. Therefore, we keep our discussion restricted to these five sources of power of which the first three are about power that the person receives from the organization because of his position, and the last two are about power that a person brings to the organization. 1) Legitimate Power It is that power which is given to the members from the organization with the help of which they can demand certain behaviors from other members. Members of one position can ask members of other positions to do a task for them, for example, employees may be empowered to ask for customer information from the database if need be. This legitimate power involves mutual agreement between employees with which they are able to respond to each other. If a project manager demands that his subordinate should spend extra hours on the module, his power can be restricted if the latter has not signed the mutual agreement. 2) Reward Power It is the power that an employee enjoys when he has â€Å"to control the allocation of rewards valued by others and to remove negative sanctions (i.e., negative reinforcement)† (Alexandrou). Managers have the power to decide which employees are liable for rewards like bonuses, vacations, promotions and allowances. Employees also have the power to influence the promotions of their supervisors through 360 degree feedback system. 3) Coercive Power This power enables employees to ask their authorities to punish other employees like firing or demoting them. Team members have the power of, for example, sarcasm to make the team members work efficiently and conform to the norms. The main aim of coercive power is to control the negative behavior shown by employees in an organization so that overall wellness of the organizational culture is achieved. This way, the overall co-worker performance is also enhanced. Hence, this source is considered as a beneficial aspect of power. 4) Expert Power This power comes from within the person, with which he is able to influence others through his skills, capabilities and knowledge. Military persons can be helpful in organizations due to their military capabilities. Doctors can bring their expertise to the organizations and can help others with their doctoral capabilities and power. Lawyers can be helpful to organizations because they provide their expert advice in many situations. This is all expert power that enables them to bring changes to the organization through their informed decisions and expertise. Expert power has gained significance since the concept of knowledge based organizations have arise where different sorts of expertise group together to form a powerful union. 5) Referent Power This power enables an individual to inspire others so much that others start following them and referring them to others. People start liking and re specting these persons and talk about their charisma. My Organization My hospital setting mostly enjoys legitimate power. Here, I give examples from my organizational environment to make my point clear. Employees in my organization are required to sign a mutual agreement according to which they give their consent whether they are ready to provide their services when they are required by employees belonging to any other position. A resident physician can ask the authorities to assign him an internee physician to