Diversification of Albertas Economy Essay Example | Topics and Well Written Essays - 750 words

Diversification of Albertas Economy - Essay Example Diversification as a concept has a special effect on Alberta’s economy, which is reliant on non renewable resources as its economic bedrock. It is vital that Alberta’s government develop policies that will aim to diversify the province’s economy, and make it wealthier. By relying on non renewable resource-based industries, Alberta’s economy becomes vulnerable to economic cycles of boom and depression This paper will aim to provide ideas on policies that the government can implement for its economy to minimize the probability of failure and maximize the probability of success.Policies Active and proactive government intervention through policy formulation, it is possible to diversify Alberta’s economy. Government can intervene in such aspects as labor, trade, capital, and financial markets to create a diversified economy base for the province. The government’s involvement in the economy is also vital to diversify the economy. Increased governm ent involvement and investment in the Alberta economy is vital for diversification to occur. Increased government involvement ensures that infrastructure gets created to prepare the economy for diversification Alberta is a landlocked province, and it is vital that infrastructure such as transport get created to facilitate business creation. Infrastructure such as communication, health services, and electronics are crucial towards encouraging economic activity. Engagement of the government in the economy allows for massive generation of revenues that facilitate infrastructure construction. Government becomes involved through investments in private businesses and leading corporations in the province. Government should aim to offer venture capital for business start ups within the province both directly and indirectly. Government assistance should also get directed at the existing sectors, which have shown strength in the Alberta economy. The government should create an enabling climat e for investment through tax policy formulations. For there to be diversified economy in the province, the government should apply grants, subsidies, and tax incentives to generate varied economic activity (Mathias, 1971). The government can direct these financial tools towards economic sectors, which are under invested. These tools are crucial to develop the emerging industries within the province. This will invite on board investors who are motivated to take advantage of such government incentives. These tools also ensure that the cost of production for the investors lowers down encouraging them even more to partake in economic activity within the province. To develop a diversified economy, the government should also revise its education policy to gear it towards labor specialization. The governments should enable a shift from the province’s general education curriculum to a job-directed education curriculum. The creation of specialized labor or skills within the Alberta ec onomy would help generate economic activity (Mathias, 1971). A diversified labor market promises labor to investors. It assures investors to proceed with their investment plans within the province as their labor requirement is available. The government in Alberta should offer this policy formulation to the universities and technical institutes in its region to encourage the specialization of labor skills. The Alberta government should also reduce over reliance on the economic importance of the unprocessed raw resources sector (Mathias, 1971). The government should encourage

How Other Countries Approach Reentry. Whether Their Approaches are Research Paper

How Other Countries Approach Reentry. Whether Their Approaches are More Successful - Research Paper Example Introduction Reentry program involves the use of certain programs that are targeted at promoting the effective reintegration of people released from jails and prisons back to the community. Reentry is a comprehensive case management approach that is intended to aid former prisoners to gain skills that would assist them to become law abiding citizens. It helps people with criminal background become self-sufficient and become productive upon release from jail (Ismaili, 2010). This paper focuses on the issue of reentry, and particularly compares the effectiveness of incarceration approaches of different countries. Some recommendations on the best practices have also been provided. How other counties approach reentry Parole The processes of releasing prisoners vary from country to country. Parole is used after certain sentence is served. In Finland, there is a general rule that requires individuals, who have not been to prison for a period of up to three years, to be paroled after servin g the first half of the sentence. Australia also uses automatic parole to manage the reentry of the prisoners once they are released. The court is used in England and Wales to determine the proportion of the sentence that a prisoner serves, while a parole board is used to determine who among the prisoners is eligible for the parole. Supervised Probation Period In Finland, prisoners who have long sentences are placed under supervised probation. This happens when such people need more support and services while in the community. In other nations, the practice of supervision once the individuals are released is defined by the mode of supervision, which gives clear distinction (Ismaili, 2010). This reduces the application of supervised parole. In Canada and Australia, they use the supervised and service parole as reentry approach. Supportive Parole This is where the state incorporates more reentry services. This is particularly informed by the pressure of the population of prisoners. It is designed to assist prisoners who are back to the community with advice and supervision by the parole officers. In such cases, there are always risk management strategies. Whether Their Approaches are more successful Than Ours (Why or Why Not) Reentry services should help people successfully return permanently to the society. It also helps reduce the number of people in prison. These jurisdictions have some form of supervision practices that are carried out. Unlike in our country, reentry in these countries is usually accompanied by an automatic release before the end of the routine sentence (Australia, Finland and Germany). The reentry services in these states are usually automatic, widely and routinely available. In addition, the prisoners are rarely imprisoned until their term ends. Instead, they are released and provided with service of a parole agency - this is commonly described as probation. The practice of surveillance, which is used to prevent committing of more offences , ensures that released individuals are not remanded. In our country, the number of paroles who are returned to prison after a particular parole is revoked is high. This has been attributed to the nature of supervision that is conditional. In the U.S, the parole is designed to arrest the individual. In other jurisdictions, they ensure that prisoners who are

Romania Risk Assessment Assignment Example | Topics and Well Written Essays - 4000 words

Romania Risk Assessment - Assignment Example The new state which is now Romania gained independence in 1877 from the traditional Ottoman Empire. The economy of the country is anchored on services and production of different electric energy and machines with some of the key companies being OMV Petron and Automobile Dacia. Currently the country is regarded as upper-middle income with a super high human development index. Despite the continuous growth in the country, there are a number of challenges and risks that the nation faces that it should deal with to see a continuous growth of the economy and cohesion amongst the people. ("Romania: Risk ratings", 2010, Business Europe, 2010) 3 Romania is located on the South East of Central Europe. It border black sea between Ukraine and Bulgaria. The country which is 92,043 sq. miles in area size also borders Serbia, Hungary and Moldova. Romania has a population of roughly 20 million with a temperate continental climate. The country’s largest city, Bucharest is the sixth largest city in terms of size and population within the European Union. Romania is within the traditional territories of the former Roman province of Dacia. It was formed in 1859 via a unique personal union of the principalities of Wallachia and Moldavia. The new state which is now Romania gained independence in 1877 from the traditional Ottoman Empire. The economy of the country is anchored on services and production of different electric energy and machines with some of the key companies being OMV Petron and Automobile Dacia. Currently the country is regarded as upper-middle income with a super high human development index. Despite the continuou s growth in the country, there are a number of challenges and risks that the nation faces that it should deal with to see a continuous growth of the economy and cohesion amongst the people. ("Romania: Risk ratings", 2010, Business Europe, 2010) Risk is the potential loss of something of value. When it is not handled

International Business- Culture Essay Example | Topics and Well Written Essays - 2250 words

International Business- Culture - Essay Example For example; GlaxoSmithKline, a pharmaceutical giant has an intensive training program for managers and other employees in international assignments, which is better termed as AI (Wolper, 2004). The AI program has been strategically designed to ensure employees relocating to foreign countries are well aware of the new cultures; AI prepares them for any difficulties that would be encountered. The incentives are offered to encourage them to take the new assignments because; a research by Oudenhoven & De Boer (1995) observed that managers tend to have a stronger preference for doing business in countries with similar cultures to avoid such stresses of dealing with diverse cultures, which has been defined as a problem in current management of multinationals. The company has therefore to undergo an added cost to ensure such managers are motivated in taking their new assignments in such new environments. Language and aesthetics Language barriers in communication refer to the different lang uages and dialectics used in different countries and by different communities. ... er it refers to understanding the meaning of different symbolic behaviors by different people when communicating and how such symbolic meanings refer to which mostly is a challenge faced by managers in International business. Learning to communicate effectively and decoding symbolic communication in many cultures is necessary to enhance effective communication. Communication effectiveness depends on two aspects; high and low context communication (Schneider & Barsoux, 2002). High context communication implies that message will not require any background information, while in a low context communication , more information has to be given in the message for it to be effective (Schneider & Barsoux, 2002). Countries that exhibit more individualism as Hooker elaborates have low context communicant, while countries that exhibit collectivism have high context communication. In low context communication, the people will need signs and other images to remind them, or to communicate of a parti cular message, while in low context cultures, such is not required as individuals have values that enable them to assimilate such communication as a norm. Behavioral norms are more entrenched in such high context communication such that all are supposed to know and understand their norms to avoid breaking them and getting to the wrong side of the law. As explained earlier, Mexicans are a masculine society that finds more pleasure in saving face especially for a male employee. Direct confrontation with such people is therefore not appreciated; communication has to be in such a way that the individual will feel respected and save their face. Likewise Malays are a people who observe culture and exhibit high context communication. For example, using the left hand to give something or point

Write a topic for this essay Article Example | Topics and Well Written Essays - 500 words

Write a topic for this essay - Article Example Goldleaf Jewelry is focusing on increasing its revenue after it registered $21 million profit in the last three quarters of 2013 (The Wall Street Journal 1). This development has several implications on the United States economy. Firstly, the entry of the Chinese company into the United States oil industry means that there is foreign currency that shall land into China courtesy of the investment. This means that United States will lose some resources than it used to get when the United States based company, ERG resources was the one in charge of the oilfields. They are likely to bring some of the Chinese’s technocrats at the expense of the jobless citizens in the United States. This reduces the employability of the Americans. Another aspect is that China is rising very fast as an economic superpower, threatening the position taken by United States for years. With the entry of China into United States may create an impression to the world that China is the force to reckon with. As much as the Chinese company may adhere to the regulations, there is a potential risk that they may overexploit the resource hence causing a fast exhaustion. This issue may result to depletion of United States oil reserves in the near

Response Assignment Example | Topics and Well Written Essays - 250 words - 13

Response - Assignment Example Hogg’s study in 1993 reports the vitality of strategic vision and innovation to the performance of technological telecommunications companies in Europe. Despite the importance of communication within the telecommunication sectors, innovative skills are valuable than the later. Competitive advantage in the market is attainable only if companies possess advanced technological innovativeness. It is fascinating to note that most prosperous entrepreneurs prioritize innovativeness within their firms according Roper Starch Worldwide survey done by Ernest and Young (Belkin 1). Although innovation forms the centrality an organizations success, it is essential to embrace effective communication strategies. Emerging realities for most business implicates the importance of effective communication in coordinating organizations plans. Communication is imperative in relating factors such as global market trends, continual innovation, planning, and technological changes. Most flourishing firms consider the use of all of the above factors in ensuring the success of a business. Experience on organization indicates that effective communication strategies besides coordination of abovementioned strategies also assist in improving corporate relations. Corporate relations assist companies in identifying new innovative strategies for an organization. It is vital that companies not only prioritize innovation but also integrate effective communication in

Questions - Negotiation Essay Example | Topics and Well Written Essays - 1500 words

Questions - Negotiation - Essay Example Similarly, any of the Kilmann’s models may be suitable depending on the characteristic of the condition and the negotiators personalities. Discussion 1. Identify and describe the 5 conflict handling modes as set forth in the Thomas-Kilman Conflict Mode Instrument Kilmann’s approaches of dispute resolution entails the following. Avoidance The avoiding management of conflict approach is low on cooperativeness and aggressiveness. This means that the manager is not highly cooperative in assisting the other parties to attain their objectives; neither is he assertively pursuing his suitable results in the case. Avoidance model of conflict management is often counterproductive, always resulting to depression and further problems. The people who persistently avoid conflicts trigger feelings of aggressiveness, anger and vengeance within themselves, triggering increased anxiety. In this approach, initial challenge, conflict, or condition is not directly attended or resolved. In a ddition, avoiding attitude may be suitable when the matter is perceived as being trivial. It is also a suitable approach to employ when there is a higher chance of winning the case or when distraction would be highly expensive. Competition Competing conflict management model is also described as the win-lose strategy and is characterized by increased assertiveness and reduced cooperativeness. The manager aims to achieve her own appropriate benefits at the advantage of his opponents. This model may be suitable when immediate decisive actions are required, such as in cases of emergencies. The approach can also be appropriate to confront unusual actions like urgent cost reduction. Accommodation style This approach reflects an increased degree of unity, and it has been considered obliging. Negotiator using this approach subjugate his goals anticipated results and objectives to enable other parties to attain their objectives and results. This approach is most suitable when parties unders tand that they did a mistake or when the matter is highly crucial to one party than another. This conflict management approach is vital for safeguarding future relationships amidst the parties. Compromising Compromising conflict management approach is characterized by relative degree of both cooperativeness and aggressiveness. Compromise, also known as bargaining, produces moderate output. This behavior may be employed when the objectives of the two sides are of similar significance, when the two parties have equal authority, or when it is vital to look for a semi permanent, timely remedy. The approach should not be utilized in case of a complicated challenge demanding a conflict solving style. Collaboration Collaborative conflict management style is intensive on both aggressiveness and cooperativeness. It is also considered the win-win mechanism. Both parties innovatively strive towards attaining the anticipated results and goals of all the individuals involved. The approach is sui table when the matter is complex, and an innovative or novel comprehension of ideas is required. The limitation of this style is that the collaborating process mandates genuine efforts by all the individuals involved, and it might need extra time to reach an agreement. The above five Kilmann’