Premium Essay

Pa 581 Case Study 2

In: Business and Management

Submitted By sharon14340
Words 1369
Pages 6
Govt Budgeting and Finance
Professor: Vaida Maleckaite

2011 US.Budget A Summary
02/03/2014

“Budget Message of the President” – A Summary
Introduction
The President of the United States prior to a budget year gives a speech on the fiscal well being of the Nation. This budget is published by the by the Office of Management and Budget. This speech outlines the economic situation, the progress that the country has made during the year 2011and the issues facing as we look forward and. The budget also includes other important documents such “Rescuing the Economy,” “Reviving Job Creation and Laying a New Foundation for Economic Growth,” and “Restoring Responsibility.” This summary discusses some of the economic indicators that caused the recession. How we were declining in manufacturing, product demand being down, and the financial institutions on the verge of collapse. This was happening along with high unemployment. “The first order of business for the new Administration was to arrest the rapid decline in economic activity.”
Economic Situation
In the year, preceding the President Obama’s budget speech 2011 the banking industry had stopped lending money; credit was hard to come by. They were investing in high risk ventures with bad speculations that were not successful. There were no regulations to prohibit the banks in unsound investments. The country was going into a recession and perhaps a depression. The Gross Domestic Product was the lowest in 25 years. We were losing 700,000 jobs per month. The United States population was losing five trillion dollars in a 12 week period and home values were declining. The automotive industry was collapsing with several of the largest corporations about to close their doors. This would increase the chances of the country going into a depression.
Economic Progress
The government recognized that if something was not…...

Similar Documents

Premium Essay

Case Study 2

...Case Study 2 2. What role did top management commitment play in developing the ethical work climate and organizational performance seen at Alcoa? What other ethical safeguards are mentioned in the case to support the company's effort at developing a strong ethical culture? Management role is always vital in any work climate and in that respect the role that Alcoa played cannot be ignored. From the beginning the company incorporated their values and documented what they thought was relevant regarding health and safety of their employees. Furthermore, they devised a plan for employees to follow the codes of health and safety so the company could achieve their goal of providing for stakeholders. The company considered the U.S. Federal Sentencing Guidelines, and Sarbanes-Oxley Act with all of the basic elements included. 4. Can Alcoa's "values in practice" be adopted by other organizations as a universal set of ethical standards leading to ethical employee behavior? Measures that Alcoa implemented were crucial to setting a standard for universal ethical codes and enhanced the ability of each employee to act in an ethical way. Furthermore, by employees complying with polices and procedures set by Alcoa, this created an environment of success for all. Elements of ethics and compliance program include: • Publishing the Guide to Business Conduct and other directional documents; • Deploying global business conduct training and communications to all......

Words: 327 - Pages: 2

Premium Essay

Week 2 Case Study

...Week 2 Case Study #1 Define the problem – Problems getting real artifacts and the demand for them. Enumerate the decision factors – alternative courses of action, using high quality look alike products to fulfill demand. Uncertainties – political turmoil in supply countries. Consider relevant information – determine what is relevant and then use it to decide the course of action. Will there be a market for look-alike products and will it be profitable? Identify the best alternative – use a decision tree or flow chart to plot/graph outcomes. Hire more craftsmen to craft similar or invest more in a volatile supply countries environment in an attempt to get more products? Develop a plan – Make happen the course you have decided on. Hire more skilled craftsmen to make products in countries that were not feasible to operate in. Evaluate – A decision was made and it was appropriate for the case. #2 Nature of the industry – How do buyers buy in this industry? In countries with serious turmoil and regulations on the export of artifacts, “knock offs” must be considered and offered for sale. The organization – What is it offering for the market? In this case both real artifacts and high quality, high end replicas to consumers. The factors that led to using replicas have driven up demand. A plan of action – What actions are available to the organization? Trying harder to work with supply countries to secure a dependable supply or offering high quality......

Words: 543 - Pages: 3

Premium Essay

Case Study 2

...Case Study 2 Leti Raduca BUSI-642 Dr. Quatro September 8th, 2013 Case Study 2 What elements, discussed in the case study, are important for someone who works in the field of human resources? Human Resources department it is one of the most important departments when it comes to quality of personnel and their placement inside the company (Maxwell, 2001). In any organization, people are the most challenging resource to manage; therefore Human Resources representatives should be very vigilant when hiring new people. One of the few important things an HR representative needs to ensure is, that each new employee would fit into the company culture, understand each individual way of learning and craft a program for each individual employee or perhaps for groups of employees that match each other learning style and personality. The new Human Resource managers need to move from the traditional way and to the new way. This case study provides few brilliant examples of how and why this should occur and offers understanding of what features are essential for the people that are working in this field. An important element provided within this case study that it is needed to someone that works with in the field of Human Resources is the development of new skills, implementing and effectively manage the “workforce of one”. For example, having a broad background and experience in different fields, such as marketing, customizing programs for employees, training, being......

Words: 1009 - Pages: 5

Premium Essay

Case Study 2 : Scotland

...Extended Case Studies (Set 2) [INTERMEDIATE 2] [pic] The Scottish Qualifications Authority regularly reviews the arrangements for National Qualifications. Users of all NQ support materials, whether published by LT Scotland or others, are reminded that it is their responsibility to check that the support materials correspond to the requirements of the current arrangements. Acknowledgement Learning and Teaching Scotland gratefully acknowledge this contribution to the National Qualifications support programme for Business Management. © Learning and Teaching Scotland 2006 This resource may be reproduced in whole or in part for educational purposes by educational establishments in Scotland provided that no profit accrues at any stage. Contents Introduction 4 Case Study 1: Mined Matters 7 Case Study 2: Is it Only a Game? 13 Case Study 3: Gardners Take the Biscuit 18 Case Study 4: Tanfastic!! 24 Introduction This resource is to support the learning and teaching process for Business Management at Intermediate 2 level. It consists of four case studies, each of which is accompanied by a number of questions. Each question has been allocated marks and, in each case, the total number of marks is 25. There are also suggestions on the type of answers that could be considered as a suitable response to the question. The case studies The case studies have a number of features: • They are longer than the case......

Words: 6378 - Pages: 26

Free Essay

Ch 2 Case Study

...Krystal Bante Case Study Chapter 2 1. In the beginning, Pandora tried to get music subscribers by giving people 10 free hours, then asking them to pay $36 a month after that for the service. Of course no-one was willing to pay so much for a service that they could get for free by switching on an FM radio. After that model failed they tried several other options until they decided to use the “freemium” model they are using today. With a freemium service the basic service is available for everyone for free, but with strict limitations in bandwidth and ads between songs which results in a lower quality listening experience. The premium service is priced at just $36 a year, 1/12 of their previous asking price. Three dollars a month is much easier for a consumer to justify. The premium service offers higher bandwidth songs and no advertising. 2. What Pandora does for its customers is provide access to music through the “Music Genome Project.” This project was started by the founders of Pandora and offers a way to classify music so that similar music by different artists will group together into what they call a personalized radio station. The music is evaluated by professional musicians for genre, and then within each genre 200-500 different data points are set for each song by the music professional. A function is used to identify the distance between songs so that similar songs can be included in a customer's playlist. A user can apply additional weights to promote or......

Words: 673 - Pages: 3

Free Essay

Case Study 2

... BCS 300: Management Information Systems Module 2: Case Study Questions Case Study: Google’s New Search for the Best and the Brightest” Page 53: 1-6 1. Google’s traditional hiring practices did not create business problems because the method that they came up with to rate people in their positions was brilliant. Google created surveys to see what people really wanted to do in life and what they would strive at the most. Using this will only create results for the company and the individual because the employee will like their job and in turn they will be happily committed to getting work done. 2. Yes, I think that Google’s quantitative approach to hiring a good solution to its employee recruiting problems because these tests are allowing them to put the employees in positions that they want to do, instead of something they know how to do, but have no interest in it, when an individual likes their position they will be way better at it, 3. The role that culture plays in Google’s hiring is very big. Google is the only one of its kind to use this method of recruitment and it is successful. They use the method of adapting to the times by making the atmosphere comfortable for the people working in it. 4. The type of system used in this case study is The Human Resources System. This system supports......

Words: 666 - Pages: 3

Premium Essay

Case Study 2

...“Literature Review” IMPACT OF AUTOMOBILE ON THE ECONOMY: Mr. Zahoor Sheikh Sarwar (CASE), Mr. Azam Ishaque, (CASE), Mr. Nadeem Ehsan, (Center For Advance Studies in Engineering), Mr. Danial Saeed Pirzada, (Center For Advanced Studies in Engineering), and Mr. Zafar Moeen Nasir, (CASE) in their report published in International Journal of Productivity and Performance Management, has Identified that automobile sector has huge economic potential and the Study identified the prevalent condition of productivity in automotive Manufacturing industry of Pakistan and indicated the possible areas for Enhancing productivity. The findings of this research have revealed that Effective utilization of role of technology can enhance the productivity of Pakistani manufacturing firms drastically. Pakistan Auto Industry Development Program (AIDP-2006), an study conducted by Ministry of Industries and Production, Government of Pakistan states that the Pakistan Auto Industry has become a leading industrial sector to steer the growth in large scale manufacturing sector. The high economic and job multiplier effect of this industry and its deep forward and backward linkages in allied industries, make the auto industry a key player in the national economy. the world which manufacture all kinds of vehicles i.e. 2/3 wheelers, motorcars, LCVs, tractors, prime-movers & trucks and buses. The total country requirements are generally met from the local production......

Words: 1365 - Pages: 6

Premium Essay

Case Study 2

...Case Study 2 DeVry University Professor Cleary Acct. 504 28May14 Case Study 2 Table of Contents Introduction ……………………………………………………………………………………….3 Required changes ………………………………………………………………………....………3 Practices to keep …………………………………………………………………………....…….3 Practices to change ……………………………………………………………………………….4 Conclusion ………………………………………………………………………………………..5 References ………………………………………………………………………………………...6 Introduction This letter is to address some concerns that the president of LJB Company has come to the author to address. The particular areas of concern are the internal controls that are present at the company. Additional concerns include changes that may need to be made if the company goes public, best practices that should be kept, and practices that need to be altered. This letter will address the issues listed in order with a summary and conclusion at the end. Required Changes This section will cover the required changes that need to be made to conform to regulations that will need to be followed if the company decides to go public. LJB will need to conform to the Sarbanes-Oxley Act if the company decides to go public. Some key features of the act that will have to be taken to be in compliance with the act include the following; the issuance of an internal control report and have an outside auditor evaluate the soundness of the report. The auditing company may not also provide any consulting services to the company. For further information regarding......

Words: 821 - Pages: 4

Premium Essay

Pa 581 Week 4 Case Analysis

...Analysis of Funding Levels for the U.S. Government And Department of Education Week 4: Case Analysis: U.S. Budget Public Administration 581: Governmental Budgeting and Finance Introduction In 2009, Barack Obama took office as the 44th President of the United States. In February that same year, President Obama signed a stimulus bill into law that included tax cuts and a safety net of spending and appropriations for projects in our nation. When President Obama took office, he was faced with experts stating that this is the “worst U.S. economy since the Great Depression” (CNN U.S. 2009). Several documents that incorporate 2009 funding levels for the U.S. Government and the Department of Education, will attempt to identify trends for the years 2009 to 2011 in regards to outlays and receipts along with the GDP relationship. The following articles will be analyzed; The Budget Message of the President, Restoring Responsibility, Rescuing the Economy and Reviving Job Creation and Laying A New Foundation For Economic Growth. When analyzing this articles, we will look at what progress has the country made during this past year, what issues are we facing as we move forward, what is the economic situation and what significant issues and initiatives are discussed in these articles. One other piece of document that will be analyzed is the Department of Education. When we look at the Department of Education, we need to know what departments......

Words: 2721 - Pages: 11

Premium Essay

Case Study Week 2

...Week 2 Case study 1. Identify the management, organization, and technology factors responsible for slow adoption rates of internal corporate social networks. Management – When a new system is being introduced everyone need to be on board with the launch. The CEO, assistant managers and the employees. Everyone needs to know its coming and it will make a difference. Organization and Technology Factors - The launch needs to be mapped out, and training provided for the new systems. They need to make sure the technology at hand such as computers, tablets, and company phones are all compatible with the system. When a company launches a new system, and the find that the employees are not adopting it, they need to investigate the reasons. If done right, we see great success and adoption of the program. 2. Why have each of the companies described in this case been successful in implementing internal social networks? Explain your answer With YUM we see great success because the system works and the systems were launched properly. These companies saw improvement on all levels. They were implementing a system that worked and streamlined everyday communications and collaborations. All the system needs to work in a fluid and user-friendly way or employees will shy away from it. When a company chooses a system and after some time, they find that only a small percentage use the system they need to look at the root of the problem. Den-Mat also proves that with the right system......

Words: 386 - Pages: 2

Premium Essay

Case Study 2

...cCase Study 2 Situation A In the Williams Oil Services Company, there are no checks and balances for the inventory. In order to make sure a company runs smoothly and is profitable, Internal Controls need to be put in place to allow for proper handling of all the aspects of the inventory. Separation of Duties – This is an important aspect for this situation. The same person is ordering the inventory, counting the inventory when it is received, recording the receipts into the inventory ledger and is the person that is taking the annual inventory. Purchasing Department – This department should be the ones to order inventory. Receiving Department - should receive the inventory and count the inventory while signing off that the inventory amount ordered is the same amount received. Inventory Ledger – The supervisor should be handling the recording of the receipts into the ledger. This keeps the count of inventory processing through multiple people. This will help to counteract theft and will cause people to keep track of each other as well as the inventory. Physical Audits – Audits should always be completed by more than one person. Situation B Scott Sales Services Although the company is growing there are no procedures set in place to keep the employees from inappropriately using their credit freedom. Not requiring receipts to be provided to the company poses a problem should the company get audited. There is no proof where the money has been spent or...

Words: 711 - Pages: 3

Free Essay

Case Study 2

...Case Study 2 Jasmine Howard Liberty University Case Study 2 Part I Kaiser Manufacturing Company has been in business for over 50 years using the standard method staffing. Hiring its own employees, training, managing and all human resources issues were all handled in house. The option is now arising to use an employment agency, FSS, to relieve the burden from Kaiser Manufacturing Company. It is important to weigh the advantages and disadvantages of this option before changing the entire business plan Kaiser Manufacturing Company has worked so long. The advantages include, flexible staff numbers, as of current Kaiser Manufacturing Company has a workforce of 725 production workers, 30 clerical workers, 32 engineer and professional workers, and 41 managers, who are all full time employees. This number was a perfect fit for the company when the sales were at an all-time high but as of 2008 the sales have stayed at 175 million annually. Cutting back on the cost of the workforce would be very beneficial to Kaiser Manufacturing Company’s bottom line. If and when sales are to peak or employees call out it is great to have the option to bring in more employees or decrease the number of employees staffed when necessary without adding more work to management. A second advantage would be the caliber of workers available to the company. Though the current workers are adequate to keep the business running, it may be advantageous to bring in someone temporary to help understand why...

Words: 1044 - Pages: 5

Premium Essay

Case Study 2

...Republic of the Philippines Laguna State Polytechnic University Los Baños Campus Los Baños Laguna In the service of motherland and humanity Case Study # 2 A/Prof. Dian M. Guia Dave R. Pajutan 2ndSem.AY. 2015-2016 BS HRMIII-B Wed.1:00-3:00pm/Thurs.10:30-11:30am BEC 5 (Human Behavior in Organization) January 13, 2016 Case Study # 2: RUDY AND FRANKIE: Two Different Worlds Rudy Paragas and Frankie Taguinod were classmates during their elementary school days at the Santiago Central School. Rudy’s father was a merchant occupying a small stall in the public market. Frankie’s father was a certified public accountant. Frankie was the better student and he got better grades than Rudy even when they were already in high school at La Sallete. Both became drummers in the high school drum and bugle corps, with Frankie handling the snare drum and Rudy the tom-tom. Frankie was a platoon leader in the high school corps of cadets, while Rudy was a private. Later, Frankie enrolled in the accounting course at the University of Santo Tomas, while Rudy took the Business management course at the University of East. Rudy was not happy with college schoolwork and he found it hard to cope with. He quit during his second year. Frankie got his college degree with flying colors and became a C.P.A like his father. He decided to go back to Santiago to practice his profession. By then, however, Rudy was already well entrenched in his business of palay......

Words: 559 - Pages: 3

Premium Essay

Case Study Week 2

...Shannon Bailey MAR 1011 Week 2 Case Study 1. Is segmenting customers as “Explorers,” “Admirals,” and the like a useful marketing tool? Why or why not? I believe that segmenting customers is a useful marketing tool because what would seem like too expensive of a trip may actually turn into something that could be made reality and not so out of reach. It would enable the customer to see options. It would also enable the company to match what the customer is looking for specifically more specifically. Segmenting the consumers allows the company to promote their service more efficiently and effectively. To me it seems like it would allow the consumer to feel as if they are more involved in their trip, like an adventure versus something that could be burdening of an added expense. 2. Which segments of the cruise market are most likely to be influenced by social media? Why? I think that the segment of the cruise market that would be most influenced by social media would be the first segment. I think that this would be most likely influenced by social media because it describes the different enjoyable activities that are offered. I believe this allows the consumer to see that a cruise could be fun and you could make tons of memories. It also goes into detail about the cruise not being just for pleasure but also business and how the meeting could potentially be money-saving compared to land based meetings. It changes the consumer demographics....

Words: 253 - Pages: 2

Free Essay

Chp 2 Case Study

...CHAPTER 2 CASE STUDY Zara International: Fashion at the Speed of Light At the announcement of her engagement to Spain's Crown Prince Felipe, Letizia Ortiz Rocasolano wore a chic white trouser suit; within a few weeks, hundreds of European women sported the same look. Welcome to fast fashion, a trend that sees clothing retailers frequently purchasing small quantities of merchandise to stay on top of emerging trends. In this world of “hot today, gauche tomorrow,” no company does fast fashion better than Zara International. Shoppers in 78 countries, including Canada, have taken to Zara's knack for bringing the latest styles from sketchbook to clothing rack at lightning speed and reasonable prices. In Fast Fashion, Moments Matter Because style - savvy customers expect shorter and shorter delays from runway to store, Zara International employs a stable of more than 200 professionals to help it keep up with the latest fashions. It takes just two weeks for the company to update existing garments and get them into its stores; new pieces hit the market twice a week. Defying the recession with its cheap – and - chic Zara clothing chain, Zara's parent company Inditex posted strong sales gains. Low prices and a rapid response to fashion trends are enabling it to challenge Gap, Inc., for top ranking among global clothing vendors. The improved results highlight how Zara's formula continued to work even in the downturn. The chain specializes in lightning-quick turnarounds of the......

Words: 421 - Pages: 2