Study Document
… do to attract talent and raising wages was one of the primary ways to do just that (Wulwick, 1987). In a tight labor market, companies would race to quickly raise wages, and during periods of higher unemployment there would be less pressure to incentivize workers as the … wages. Friedman (1977) objected to the central bank’s idea that it could higher inflation for lower unemployment. By trying to manipulate the labor market below where the natural forces of supply and demand determine it should be, Friedman contended that the government/central bank would create a money … inflation in order to lower the rate of unemployment, the long-run shows that unemployment will return to its natural rate following the labor market’s processing of price inflation caused by central bank intervention. The attempt to change a natural process (unemployment rate) through an artificial adjustment of … short-run, therefore, one…[break]…hedonics raises issues……
References
Amadeo, K. (2019). Unemployment rate by year since 1929 compared to inflation and GDP. Retrieved from https://www.thebalance.com/unemployment-rate-by-year-3305506
FRED. (2019). FRED Graph. Retrieved from https://fred.stlouisfed.org/series/LNU04000024#0
Friedman, M. (1977). Nobel lecture: inflation and unemployment. Journal of political economy, 85(3), 451-472.
Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261.
Lucas, R. E., & Rapping, L. A. (1969). Price expectations and the Phillips curve. The American Economic Review, 59(3), 342-350.
Stiglitz, J. (1997). Reflections on the natural rate hypothesis. Journal of Economic Perspectives, 11(1), 3-10.
Wulwick, N. J. (1987). The Phillips curve: which? whose? to do what? how?. Southern Economic Journal, 834-857.
Study Document
… United States was the Hart-Cellar Act/Immigration and Nationality Act of 1965—“a new system that allocated residence visas uniformly on the basis of labor market needs and family reunification criteria,” (p. 2). The Hart-Cellar/immigration and Nationality Act of 1965 took into account the fact that social organization and … into account the fact that social organization and kinship ties are a major and often deciding factor for many immigrants. Moreover, emphasizing labor market needs creates pathways. The 1965 Immigration and Nationality Act also came out of the civil rights era reform, making it so that ethnicity … achieve upward social mobility, and attention should be paid towards reaching some kind of solution that recognizes the value of an actively integrated global market system—even if it means a radical solution like……
References
Fox, C. & Guglielmo, T.A. (2012). Defining America’s racial boundaries: Blacks, Mexicans, and European Immigrants, 1890–1945. American Journal of Sociology 118(2) (September 2012): 327-379.
Gonzales, R. G. (2011). Learning to be illegal: Undocumented youth and shifting legal contexts in the transition to adulthood. American Sociological Review 76(4) (AUGUST 2011): 602-619
Huntington, S.P. (2009). The Hispanic challenge. Foreign Policy, 28 Oct, 2009.
Jones-Correa, M. (2012). Contested ground. Transatlantic Council on Migration. July 2012.
Massey, D. S. (1986). The social organization of Mexican Migration to the United States.” The Annals of the American Academy of Political and Social Science 48(7):, Vol. 487, Immigration and American Public Policy (Sep., 1986): 102-113?
Massey, D. S. (n.d.). What were the paradoxical consequences of militarizing the border with Mexico?
Study Document
Introduction
When new sports are introduced to the global market, they are frequently met with disdain, ridicule, or mistrust. Even when those sports become popular, stalwarts of the old guard cling to their … with fans filling stadiums that hold 91,000 people (Stewart, 2017). Based on their proven spectator appeal and growing popularity worldwide, the advertising and market potential of eSports is even greater than it is for many traditional sports. Most eSports also demand both physical and psychological training, good … training, good sportsmanship practices, teamwork, and game strategy. Because they resemble traditional sports from the player perspective and the perspective of spectators and market, eSports can and should be considered “real sports.”
Literature Review
The recent literature on the status of eSports has been supportive of this … bring in new sources of revenue for schools and also because eSports can teach students the essential qualities of good……
References
Hallmann, K. & Giel, T. (2018). eSports--Competitive sports or recreational activity? Sport Management Review 21(1): 14-20.
Keiper, M. C., Manning, R. D., Jenny, S., Olrich, T., & Croft, C. (2017). No reason to LoL at LoL: the addition of esports to intercollegiate athletic departments. Journal for the Study of Sports and Athletes in Education, 11(2), 143–160. doi:10.1080/19357397.2017.1316001
Moosa, T. (2017). eSports are real sports. The Guardian. 11 Aug, 2017. Retrieved from https://www.theguardian.com/commentisfree/2017/aug/11/esports-olympic-video-games-ioc-gaming
Pereira, A.M., Brito, J., Figueiredo, P., et al. (2019). Virtual sports deserve real sports medical attention. BMJ Open Sport & Exercise Medicine 5(1): https://bmjopensem.bmj.com/content/5/1/e000606.abstract
Rosen, G. (2017). Should e-sports be considered real sports? The Telescope. Retrieved from https://www.palomar.edu/telescope/2017/11/14/should-e-sports-be-considered-real-sports-pro/
Stewart, J. (2017). Why esports ARE real sports: Video gamers\\\\\\' talents compare with those of athletes and their tournaments rival viewing figures of sport events. Mail Online. 24 Aug, 2017. Retrieved from https://www.dailymail.co.uk/sport/esports/article-4812762/Why-esports-real-sports.html
Study Document
… human consciousness and cognition (Bolman & Deal, 2013, p. 254). The symbolic frame shows how organizations create and implement long-range strategies for management, market, and more.
Framing Disney
Few organizations could possibly prove to be a better example of the symbolic frame than the Walt Disney Company. … stories the company tells and sells. Disney manages to blur the distinction between reality and fantasy by leveraging archetypes, myths, and symbols. Its market strategies are aligned well……
References
“About the Walt Disney Company,” (2020). Retrieved from: https://thewaltdisneycompany.com/about/
Boguszewicz-Kreft, M., Kreft, J. & Zurek, P. (2019). Myth and storytelling: The case of the Walt Disney Company. Myth in Modern Media Management and Marketing. DOI: 10.4018/978-1-5225-9100-9.ch002
Bohas, A. (2014). Transnational firms and the knowledge structure: The case of the Walt Disney Company. Global Society 29(1): 23-41.
Bolman, L.G. & Deal, T.E. (2013). Reframing organizations. John Wiley & Sons.
Di Giovanni, E. (2014). Cultural otherness and global communication in Walt Disney films at the turn of the century. The Translator 9(2): 207-223.
Forbes, W. & Watson, R. (n.d.). Destructive corporate leadership and board loyalty bias. Retrieved from: https://www.city.ac.uk/__data/assets/pdf_file/0005/56372/2A_Forbes.pdf
Wasko, J. (2001). Challenging Disney myths. Journal of Communication Inquiry 23(3): 237-257.
Study Document
… more central concerns linked to capitalism, psychological wellbeing, and healthcare (ACLU, 2020; Coyne & Hall, 2017; London, 2005).
3. National sovereignty issues and global perspective (Coomber, Moyle, Belackova, et al., 2018; Von Hoffman, 2016).
II. Theoretical Discussion
A. Race, class, power perspectives (Netherland & Hansen, 2017; Putt, …
A. Race, class, power perspectives (Netherland & Hansen, 2017; Putt, Payne & Milner 2005; Taylor, Buchanan & Aynes, 2016).
B. Government, public policy, global affairs (Coyne & Hall, 2017; Godlee & Hurley, 2016)
C. Criminalization, justice (ACLU, 2020; “America is At War,” n.d.; Farabee, Prendergast & Anglin, … brain and body, drugs have a wide range of effects including pain relief, stimulation, and relaxation. Drugs have also been traded on the global commodities market for centuries, with the most infamous being opium and tobacco: both of which became so lucrative they led to political and military skirmishes. … war on drugs……
References
ACLU (2020). Against drug prohibition. Retrieved from: https://www.aclu.org/other/against-drug-prohibition " target="_blank" REL="NOFOLLOW">
Study Document
… and within individuals
2. Criminalization distracting attention from more central concerns linked to capitalism, psychological wellbeing, and healthcare.
3. National sovereignty issues and global perspective
II. Theoretical Discussion
A. Race, class, power perspectives
B. Government, public policy, global affairs
C. Criminalization, justice
D. Other sociological issues
1. Organized crime and terrorism
2. White collar crime (tobacco and pharmaceutical industries)
III. Literature … brain and body, drugs have a wide range of effects including pain relief, stimulation, and relaxation. Drugs have also been traded on the global commodities market for centuries, with the most infamous being opium and tobacco: both of which became so lucrative they led to political and military skirmishes. … war on drugs by pointing out effects on the children of those who are serving time in prison and the reverberations within the global economy (“America is At War,” n.d.). Thus, the literature shows that the War……
References
ACLU (2020). Against drug prohibition. Retrieved from: https://www.aclu.org/other/against-drug-prohibition " target="_blank" REL="NOFOLLOW">
Study Document
… company has experienced tremendous growth and profitability due to its adoption of sound business philosophies and practices. McDonalds has become a symbol of global given its successful expansion to various parts of the globe. The other factor that has contributed to McDonalds’ success and profitability worldwide is … at McDonalds Corporation.
Part 1 – Quality and Conformance
McDonalds Corporation operates in an increasingly competitive fast-food industry across the globe. Despite its market share and position, this company still faces stiff competition from other rivals in the market. Throughout its operations, McDonalds Corporation focuses on excellent customer service, response to competition, and utilizing suitable techniques to enhance growth and development (Keller, … of the quality of products would help address the food safety concerns that have characterized its operations and contributed to poor reputation and global comparable sales. In this regard, McDonalds can either utilize incremental improvements or breakthrough improvements……
References
Crom, S. (n.d.). Managing for Continuous and Breakthrough Improvement. Retrieved June 13, 2019, from https://www.isixsigma.com/implementation/basics/managing-continuous-and-breakthrough-improvement/
Hill, A. & Hill, T. (2011). Essential operations management. New York, NY: Macmillan International Higher Education.
Hu, W. & Xie, Y. (2013, April 28). Comparative Study of McDonald’s and Kentucky Fried Chicken (KFC) Development in China. Retrieved June 13, 2019, from https://pdfs.semanticscholar.org/ab1d/769d45deb5a0e03d147a04cb27fff30e6ae6.pdf
Ka-Sing, L. (2019, May). Guiding Principles a Recipe for Success. South China Morning Post. Retrieved June 13, 2019, from https://www.scmp.com/article/1006977/guiding-principles-recipe-success
Keller, C.R. (2017, September 1). How McDonald’s Became the Leader in the Fast Food Industry. Retrieved June 13, 2019, from https://profitworks.ca/hidden-blog/541-how-mcdonald-s-became-a-leader-in-fast-food-industry.html
Mulholland, B. (2018, April 6). What Continuous Improvement Is (and How to Use It). Retrieved June 13, 2019, from https://www.process.st/continuous-improvement/
Nanyang Consultancy. (2016, January). McDonalds – Charting McDonalds Way Forward. Retrieved June 13, 2019, from https://mbacasecomp.com/wp-content/uploads/2016/01/Nanyang_Mcdonalds_Final2.pdf
Team, T. (2015, October 8). Why is it Important for McDonald’s to Focus on Quality? Forbes. Retrieved June 13, 2019, from https://www.forbes.com/sites/greatspeculations/2015/10/08/why-is-it-important-for-mcdonalds-to-focus-on-quality/#1da4aebe2488
Study Document
Appendix
External Analysis
1. PESTEL Analysis
1.1. Political
1.1.1.global leaders use of social media impacts the political landscape and is able to influence operations. (C-142)
1.1.2. Several high-profile world leaders utilize social … world leaders utilize social media platforms to address their followers, the most notable being U.S. President Donald Trump who tweets regularly to announce global interactions with other political leaders. They also have high interactions and reach with the global community: U.S President Donald Trump had 30.13 million twitter followers as at May 2017 and former U.S. President Barack Obama had 103 million … social media devices has allowed social media companies to ensure that their platform is optimized for mobile devices. Encouraging real-time interactions. (C-141)
1.3.3. global celebrities like Rihanna, Lady Gaga, Jimmy Fallon, and Taylor Swift use Twitter to communicate with their fans, build their public image and spread … impersonation, offensive, malicious posts/users. (C-141 &……
References
Thompson, Arthur A.,. (2015). Crafting and Executing Strategy: Concepts and Readings..New York: McGraw-Hill Education, (pp. 138-148)
Study Document
… Best Buy operated nearly 1,200 large format as well as 51 small-format retail stores (Company profile, 2019). Despite its success in growing its market share in its existing market, the company is faced with the same existential threats as other major retailers, including most especially e-commerce operators such as Amazon (Wack, 2017). … retailer of technology products and services as well as offering a wide array of other consumer products throughout its North America and Mexican market in two main business segments: (1) domestic and (2) international (Company profile, 2019). Besides these retail outlets, Best Buy also offers and products … of the store closure iceberg, especially based on the closures of other big-box stores in recent years (Wack, 2017). Moreover, the existing retail market has become increasingly competitive in recent years, due in large part to the proliferation of e-commerce retailers such as Amazon (Chan, 2011). Against ………
References
Chan, R. (2011, June 29). Best Buy. Marketing, 20.
Corporate responsibility and sustainability. (2019). Best Buy Co., Inc. Retrieved from https://corporate.bestbuy.com/sustainability/ .
Best Buy supply chain. (2019). Best Buy Co., Inc. Retrieved from https://www.bestbuy. com/site/help-topics/ca-transparency-act/pcmcat263000050003.c?id=pcmcat 263000050003.
Company profile. (2019). Yahoo! Finance. Retrieved from https://finance.yahoo.com/quote/ BBY/profile?p=BBY.
Mitchell, S. (2009, September-October). The big box swindle: The true cost of the mega-retailers. Multinational Monitor, 27(5), 34-39.
Ong, T. (2018, May 1). Best Buy is closing all 250 of its mobile stores in the U.S. The Verge. Retrieved from https://www.theverge.com/2018/3/1/17066232/best-buy-close-all-mobile-stores-may-us .
Thomas, L. (2019, August 28). Best Buy revs up supply chain ahead of the holiday season. CNBC. Retrieved from https://www.cnbc.com/2019/08/28/best-buy-revs-up-supply-chain-ahead-of-the-holiday-season.html .
Wack, K. (2017, June 29). Credit card issuers face peril from rise in store closures: American Banker, 182(124), 37-39.
Study Document
… could be bundled and sold to investors: that was the idea that helped fuel the home buying spree leading up to the 2008 global economic crisis. The bubble burst when creditors began defaulting on loans and the price of credit default swaps skyrocketed. Moral hazard came back … bite a number of high-profile banks that were left with millions if not billions in mortgage-backed securities for which…[break]…premium is determined by the market and is usually priced according to the volatility of the underlying. For very volatile stocks or financial instruments the premium can be quite … tool, however, derivatives can be quite effective, as Bill Ackman showed when his hedge fund netted billions by speculating with derivatives a stock market crash.
Wells Fargo could hedge risk by buying derivatives on its investments, using a call/put (i.e., long/short) strategy with options. The company could ……
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
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Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
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