Issues of Performance Appraisals Essay Example for Free

Issues of Performance Appraisals Essay Performance appraisal refers to the process, where in, an organization measures the performance of its employees against the performance or productivity standards set by it. For instance, an organization might review employees on the basis of the number of projects completed, goals achieved or sales targets met. Therefore, performance standards of one organization might be different from those of another. This further pinpoints the importance of performance appraisals in truly reflecting and impartially evaluating the performance of employees. A good performance appraisal will motivate employees and point out problematic areas. Whereas, a bad performance appraisal will be a waste of resources for any organization. Issues and Solutions Many organizations have trouble identifying the key areas that a performance appraisal has to address. They do not know, what they are trying to accomplish through a performance appraisal or how it will help them in employee evaluation. This can be established using the example of 360-degree feedback. â€Å"Typical mistakes organizations make are rushing into 360-degree appraisals without a clear idea of what they want them to achieve. † (McCurry P. (1999). New angle on 360-degree feedback. Director, 53, p. 36) Furthermore, organizations tend to use one particular tool in isolation, which does not yield reliable results. This should not be put into practice because one tool may not satisfy all the requirements of appraising. Moreover, appraisals need to take into account a comprehensive picture of performance. Using one particular tool can create a pigeon-hole view of what otherwise needed to be a holistic view of performance appraising. Ideally, an organization should know exactly what each tool can deliver, and use a combination of tools to assess different competencies. Organizations must assess pros and cons of different tools and handpick tools that suit their needs. Some tools that can be used are graphic rating scale, Behaviorally Anchored Rating Scales, alternation ranking, forced distribution method, critical incident method, management by objectives and 360-degree feedback. (cited in Dessler, 2006). Some organizations might use certain tools of conducting performance appraisals just because they are being followed in the industry. This again produces a serious loop hole in the entire process of conducting performance appraisals. Every organization has its own structure, and culture that defines it. Although industry best practices might exist even for performance appraisals, however, the same tool is not necessarily applicable to all organizations. For instance, Andrew Forrest implies; if an organization’s culture is characterized by bureaucratic hierarchies, and does not foster communication, then conducting a 360-degree feedback will be pointless in such an organization. (cited in McCurry P. (1999). New angle on 360-degree feedback. Director, 53, p. 36). Some tools of performance appraising may become obsolete with relevance to an employee or employees because the on job environment of the employee changes. The problem remains that same job dynamics do not hold true for an employee, and so the employee can not be evaluated on former standards. In such a scenario performance appraisers need to consider the exact dynamics of the job of the employee and then undertake evaluation. This solution serves the interest of the both the organization and the employee. As mentioned by Candy Albertsson, . â€Å"An individual may have a different boss or team one year or be doing different work, which can make findings hard to compare†. (cited in McCurry P. (1999). New angle on 360-degree feedback. Director, 53, p. 36). One of the most important issues pertaining to performance appraisals is the degree of its objectivity. Employees certainly do not want to be unfairly evaluated because that effects the rewards or compensations tied to their performance. To ensure objectivity and fairness, Gail Dutton recommends software based performance appraisals. â€Å"software-based performance-appraisals tend to focus on results and actions rather than personality traits, employees are more likely to view them as fair†. (Dutton G. (2001). Making reviews more efficient and fair. Workforce,80, p. 76). Other methods of ensuring impartial appraisals are using multiple evaluators for the appraisal process as this increases the probability of attaining more accurate information. This is because if more than one appraiser is used the chances of errors stemming from biasness, halo effect or central tendency can be reduced. Halo effect, biasness, and central tendencies are inherent problems of the appraising process that are related to the appraiser. Halo effect occurs when â€Å"the influence of a rater’s general impression on ratings of specific ratee qualities† (cited in G. Dessler, 2006). Biasness comes from the impartiality of the appraiser where the appraiser might hold something against some employee. For example, a supervisor may have a personal dislike of an employee that may affect the appraisal process. Whereas, central tendency is defined as â€Å" a tendency to rate all employees the same way, such as rating them all average†. (Dessler, 2006, p. 328). Therefore, using more than one appraiser can truly raise the accuracy of an appraisal. In addition, appraisers should be asked to appraise only those areas in which they have expertise because they will be able to precisely evaluate the areas they specialize in. Another method to increase accuracy and objectivity of appraisal is to train evaluators. Provided that evaluators are better trained they will have a clear understanding or standards and will make better decisions. (Robbins S. P. , Judge T. A. ,2007, 625). Another issue that stems from the use of software based performance appraisals is that they can contain a set of generic questions that are not suited for the jobs that are being evaluated. (Dutton G. (2001). Making reviews more efficient and fair. Workforce,80, p. 76). To overcome this issue organizations need to tailor their software to their performance evaluation needs. In order to process a fair evaluation, the questions need to be customized to the jobs that are being evaluated. Not only should it be customized to the jobs, but also to the performance standards the job entails. Doing so organizations can address this particular issue effectively. Some organizations might favor software or computer based performance appraisals because it increases efficiency of operation. It should be noted that incorporating software based performance appraisals just for speeding up the appraising process will do no good to the organization. It might help the organization effectively utilize resources, for example, time savings, and less use of paper. Nonetheless, appraisal just for the sake of appraisal should not be the prime concern of any organization. Rather even the software based appraising process should be used to support the true meaning of carrying out performance appraisals. To make the appraising process effective organizations should incorporate supportive techniques into their performance evaluations. They should use interviews as well as other tools because in my opinion no tool can undermine the importance of face to face communications. Although the software based performance appraising methods are useful, however, a combined approach of using different tools can give more accurate results. The human touch should not be totally eliminated from the appraising process. References Dessler G. (2006). Human Resource Management. Florida: Prentice Hall Dutton G. (2001). Making reviews more efficient and fair. Workforce,80, p. 76-81. McCurry P. (1999). New angle on 360-degree feedback. Director, 53, p. 36. Robbins S. P. , Judge T. A. (2007). Organizational Behavior. New Jersey: Prentice Hall

Civil Disobedience Movement 1930-1934

Civil Disobedience Movement 1930-1934 The Civil Disobedience Movement led by M K Gandhi, in the year 1930 was an important milestone in the history of Indian Nationalism. During the Non-Cooperation Movement, the Indians learnt how philosophical tenets like ‘non violence’ and ‘passive resistance’ could be used to wage political battles. The programs and policies adopted in the movements spearheaded by Gandhi reflected his political ideologies of ahimsa and satyagraha. While the Non-Cooperation Movement was built on the lines of ‘non violent-non-cooperation’, the essence of The Civil Disobedience Movement was ‘defying of the British laws’. Through his leadership to the National Movements, he not only buttressed his political stance but also played a crucial role in unification of the country, awakening of the masses, and bringing politics within the arena of the common man. Causes of the Civil Disobedience Movement Simon Commission: One of the main factors was the Simon Commission. This was formed by the British Government that included solely the members of the British Parliament, in November 1927, to draft and formalize a constitution for India. The chairmanship of the commission rested with Sir John Simon, who was a well known lawyer and an English statesman. Accused of being an All-White Commission, the Simon Commission was rejected by all political and social segments of the country. In Bengal, the opposition to the Simon Commission assumed a massive scale, with a hartal being observed in all corners of the province on February 3rd, 1928. On the occasion of Simons arrival in the city, demonstrations were conducted in Calcutta. The Nehru Report: The British justified that ‘disharmony among the various groups in the country’ was the reason why Indians were not included in the Simon Commission. In 1925 and 1927, Lord Birkenhead, the Secretary of State, had challenged the Indian leaders to draft a constitution to which all parties would agree (keeping the communal disunity in mind). Representative of the congress, the league, the liberals, the Hindu Mahasabha, the central Sikh league, and a number of smaller groups representing labour, business and other interests, met in an all-parties` conference between February and May 1928. A select committee was appointed for the actual drafting of the constitutional scheme. Pandit Motilal Nehru with Tej Bahadur Sapru, sir Ali Imam, Sardar Mangal Singh and Subhas Chandra Bose as its members. The Nehru committee`s report as it was called was submitted on 10 August, 1928. The Nehru report stated that the next immediate step for India must be ‘dominion status’. The Nehru report was approved by the congress at Calcutta in December 1928. Gandhiji sponsored a resolution agreeing to ‘dominion status’ so long as the British accepted the Nehru constitution in its entirety, which should happen in one year. If they did not, congress would `organize a campaign of non-violent non-co-operation` which would include refusal to pay taxes. The failure of the Government to comply with the Nehru report finally made the Congress to launch Civil Disobedience Movement under Gandhiji. The Launch of the Civil Disobedience Movement: First Stage The Congress Committee met at Sabarmati in February, and invested Gandhi and those working with him’ with full authority to lead and direct the Civil Disobedience campaign. Gandhi was urged by the Congress to render his much needed leadership to the Civil Disobedience Movement. Dandi March: On the historic day of 12th March, 1930, Gandhi inaugurated ‘The Civil Disobedience Movement’ by conducting the historic Dandi Salt March, where he broke the Salt Laws imposed by the British Government. Followed by an entourage of seventy nine ashramites, Gandhi embarked on his march from his Sabarmati Ashram to Dandi that is located on the shores of the Arabian Sea. On 6th April 1930, Gandhi with the accompaniment of seventy nine satyagrahis, violated the Salt Law by picking up a fistful of salt lying on the sea shore. They manually made salt on the shores of Dandi. Gandhi-Irwin Pact: In the meantime, the First Round Table Conference was held in 1930, with no Congress member as the participant of the Conference. This led to the meeting of Gandhi and Lord Irwin, the viceroy in March 1931. Here they signed a pact, which came to be known as the Gandhi-Irwin Pact. Accordingly, they agreed on the Discontinuation of the civil disobedience movement by the Indian National Congress participation by the Indian National Congress in the Round Table Conference withdrawal of all ordinances issued by the British Government imposing curbs on the activities of the Indian National Congress withdrawal of all prosecutions relating to several types of offenses except those involving violence release of prisoners arrested for participating in the civil disobedience movement removal of the tax on salt, which allowed the Indians to produce, trade, and sell salt legally and for their own private use. Second Round Table Conference Gandhi attended The Second Round Table Conference in London accompanied by Smt. Sarojini Naidu. At this Conference, it was claimed by Mahatma Gandhi that the Congress represented more than eighty five percent of the Indian population. During this Conference, Gandhi could not reach agreement with the Muslims on Muslim representation and safeguards. Gandhis claim of the Congress representing majority was not endorsed by the British and also the Muslim representative. The final blow to Gandhi came when at the end of the conference Ramsay MacDonald undertook to produce a Communal Award for minority representation, with the provision that any free agreement between the parties could be substituted for his award. Thus, the Second Round Table Conference proved to be futile for the Indians and Gandhi returned to the country without any positive result. The political scene in India thereafter assumed an acute dimension. The Viceroy, Lord Willington, in the absence of Gandhi has adopted the policy of repression. The Gandhi-Irwin Pact was violated and the Viceroy took to the suppression of the Congress. The Conservative party, which was in power in England, complied with the decision to assume a repressive stance against the Congress and the Indians. The Congress was also held responsible by the government to have instigated the Red Shirts to participate in The Civil Disobedience Movement, led byKhan Abdul Ghaffar and provoking the cultivators of U.P to refuse to pay land revenue. Adding to this was the serious economic crisis that took hold of the country. Under such circumstances, the resumption of The Civil Disobedience Movement was inevitable. Renewal of the Civil Disobedience Movement: Second Stage The Congress Working Committee took the decision to restart The Civil Disobedience Movement, as the British government was not prepared to relent. Gandhi resumed the movement in January, 1932 and appealed to the entire nation to join in. The Viceroy was also informed of the stance assumed by the Congress. The police was given the power to arrest any person, even on the basis of mere suspicion. Sardar Patel, the President of Congress and Gandhi were arrested, along with other Congressmen. Though the second phase of The Civil Disobedience Movement lacked the organization that marked its first phase, nonetheless, the entire nation put up a tough fight and the movement continued for six months. Communal Award, 1932 Meanwhile, the failure of the Second Round Table conference convinced Mr. MacDonald to announce the Communal Award on August 16, 1932. According to the Award the right of separate electorate was not only given to the Muslims of India but also to all the minority communities in the country. The Award also declared untouchables as a minority and thus the Hindu depressed classes were given a number of special seats, to be filled from special depressed class electorates in the area where their voters were concentrated. Under the Communal Award, the principle of weightage was also maintained with some modifications in the Muslim minority provinces. Principle of weightage was also applied for Europeans in Bengal and Assam, Sikhs in the Punjab and North West Frontier Province, and Hindus in Sindh and North West Frontier Province. Though the Muslims constituted almost 56 percent of the total population of Punjab, they were given only 86 out of 175 seats in the Punjab Assembly. The Muslim majority of 54.8 percent in Punjab was thus reduced to a minority. The formula favored the Sikhs of Punjab, and the Europeans of Bengal the most. The Award was not popular with any Indian party. Muslims were not happy with the Communal Award, as it has reduced their majority in Punjab and Bengal to a minority. Yet they were prepared to accept it. In its annual session held in November 1933, the All India Muslim League passed a resolution that reads; Though the decision falls far short of the Muslim demands, the Muslims have accepted it in the best interest of the country, reserving to themselves the right to press for the acceptance of all their demands. On the other hand, the Hindus refused to accept the awards and decided to launch a campaign against it. For them it was not possible to accept the Untouchables as a minority. They organized the Allahabad Unity Conference in which they demanded for the replacement of separate electorates by joint electorates. Many nationalist Muslims and Sikhs also participated in the conference. The Congress also rejected the Award in Toto. Gandhi protested against the declaration of Untouchables as a minority and undertook a fast unto death. Though he managed to sign the Poona Pact with Dr. B. R. Ambedker, the leader of Untouchables in which the Congress met many of the Untouchables demands, the Communal Award was a blow to Gandhiji and he finally decided to suspend and withdraw mass satyagraha on 14th July, 1933. The movement ceased completely on 7th April, 1934.

How Americans Have Fought War Throughout History Essay -- American War

War is an art form. Everything from the tactics of battle to the uniforms to the weapons to the soldiers, every part has a certain role to play. From the very beginnings of war, there have been those societies that have excelled. Take the Spartans of ancient Rome. Considered by some as the greatest warriors of all time, these human war machines were bred for war. Boys were taken at young ages and taught the art of war until it became part of their soul. Then there were the Mongols. These fierce Central Asian steppe peoples dominated the Asian mainland for nearly a century. Fast forward a few years and the British Empire takes form, and sea warfare is perfected by the British Royal Navy. Now it seems as though America has become the world standard for military power. In its short history of war, America has employed the use of innovative tactics and controversial strategies, all of which were necessary for American victory. America’s first war, its war for independence included the use of a new strategy. American militia men, knowing they were overwhelmingly outmatched by the British Army, used a form of guerilla warfare in order to defeat the British. The colonists would launch surprise attacks on the unsuspecting British, catching them by surprise and sometimes defeating them (Kraplin 5). This was a step away from the form of warfare the British were used to. There were many other tactics the colonists used that the British were not used to, as well. The militiamen would often hide behind trees and fire upon the British soldiers as they marched by (5). This was also new to the British soldiers, who were used to facing an enemy on an open field, lining up, and firing away. This strategy also fit into the form of a g... ...y of Wisconsin Press, Madison, WI, 1968. Pike, John. "Napalm." Globalsecurity.org. N.p., 27 Nov 2005. Web. 23 May 2010. Preston, Anthony, Decisive Battles of the Pacific War. Chartwell Book, Seacus, NJ, 1979. Roth, David E., The Civil War. Quadrillion Publishing. 1992 Simkin, John, Chemical Warfare, n. pag., Web. 14 Mar 2010 http://www.spartacus.schoolnet.co.uk/VNchemical.html Thomson, Sir Robert. War in Peace. London, England: Orbis Publishing Ltd., 1981. 181-168. Print. US Dept. of Energy, . "The Atomic Bombing of Hiroshima."US Department of Energy: Office of Heritage and History. US Department of Energy, n.d. Web . 20 May 2010. . Weigley, Russel F., The American Way of War. Indiana University Press. Bloomington, IN, 1973.

Baghban :: Ravi Chopra

The story starts as Raj is on the verge of his retirement and now he wants to spend more time with his family comprising of wife, children and grand-children. Raj and Pooja spend forty years together. They are very compatible. In their whole life they tried to give their sons a comfortable life. As for example when Aman needs a loan and Raj readily offers it to him even though he is retiring. He does this because he believes that his successful sons will do anything to take care of their parents. But as a matter of fact fate has stored something else for Raj and Pooja. Raj takes early retirement from the bank to spend some more quality time with his wife Pooja. They couple think that now it is their children’s responsibility to take care of them. But unfortunately none of them are actually agreeable to do so. At the time of retirement Raj has no money and that is why his children are indecisive to take their parents. The avoid eth whole case Malhotra children decide some ridiculous thing. They say that the mother would reside with Aman, who is the eldest one. They also decide that father will stay with the second son i.e. Samir. After six months, they would shift to the third and fourth sons i.e. Sahil and Nasir respectively. The reason behind taking this decision by the children was something else. They thought that their parents would never be ready to live without one another. But as Pooja requests a lot Raj could not deny them even if he does not like the whole idea of separation with Pooja. Raj eventually agrees with the decision taken by his four sons. When they go with them in their respective houses, their children as well as maids start ill-treating them. Raj and Pooja feels exhausted and wants to get rid of this loneliness. While living with the second son, Raj used to go to a cafe, run by Paresh Rawal and Lilette Dubey. They use to call him ‘couch potato’ i.e. big brother. To kill his leisure time Raj starts looking upon the cafe’s account and also writing a book on family values and thoughts. The limit of their tolerance breaks down when the sons forget their parent’s anniversary and scheduled for their parents journey to the alternate sons. Raj and Pooja meets in a place where they met at their first anniversary.

Ethics and Law

This assignment focuses on Ethics and Law for Nursing and Social work which would be based on a Case Study. The case study which I have chosen is about Blood Transfusion. Nowadays Ethics and Law brings a huge impact on Nursing. The key of ethical principles underpins the health care policies and care practices. The meaning of ethics is something which the individuals performs everyday life. The other word for ethics would be ethical dilemma. Most of the time due to the intense nature of the work nurses may come across with variety of ethical dilemmas throughtout their courses and their professional careers. As a nurse the most important to carefully handle and maintain the ethical dilemmas. Ethical principles and theories is also included in this assignment. Ethical principles and theories are the foundations of the ethical analysis because they ate the viewpoints of the guidelines which can be obtained along the pathway to a decision. The ethical theories emphasise the different points of predicting the outcome and the following duties to the individuals in order to reach an ethically correct decision. however, ethical theories are useful because the theory is directed towards a common set of the goals. The ethical principles are the common goals which the theory tries to achieve in order to be success. These goals includeds Autonomy, Beneficence, non – malfiecence and justice. These 4 ethical principles has 4 different meaning which I will describe in details into my assignment. I will also mention the NMC Code of conduct which will inlclude respect, dignity, honesty, confidentiality, equity, and valuing diversity, all these would be explained in briefly into the assignment. The NMC Nursing and Midwifery Council Code of Conduct (2010) states that the individuals should be treated with respect and dignity. The health care rofessionals should recognise and maintain diversity, respect, cultural differences, values, dignity, confidentiality, and beliefs of the individuals they care for. This case study is about blood transfusion, The 70 years old man is refusing to have blood transfusion. The nurses and his relatives are also trying to convince him to have blood transfusion but he’s refusing to have blood transfusion. The reason this patient is refusing to have blood transfusion is because of his cultural differences and beliefs, the health care professionals should respect his cultural differences, beliefs and his own values towards this treatment. The NMC Code of Conduct (2010) states that the health care professionals should listen to the individuals and respond to their concerns and preferences. . In the case study it suggested that the nurse has tried to convince patient to have blood transfusion but he was refusing to have blood transfusion, so it’s very important that the health care professionals should promote choices to patients so that they are aware of their treatments whether they wants to have it or not they can decide. The NMC Code of Conduct (2010) states that people should respect individuals rights to confidentiality and also not to disclose any information to any third person if they are not entitled to it. The health care professionals shouldn’t pass any relevant information to anyone, without patient consents. The NMC Code of Conduct (2010) states that the health care professionals should ensure that they get patients consents before they begins to provide care for them, which means in the case study the nurse should get patient consent before she give blood transfusion so that the patient is aware of their treatment. The NMC Code of Conduct (2010) states that the health care professionals should be very honest and trustworthy when they are completing patients records and medical notes. The professional values are set of the moral principles and standards of the conduct, which supports the moral prestige of the professional groups in the society. The professional ethics are there to identify the moral standards and assessments, judgments and the concepts which characterise the individuals as representatives of a particular profession. The professional’s values develop norms, standards, requirements, typical to certain activities. The values are designed to educate people, and also help the individuals to behave properly with others, and communicate well at the workplace. The health care professionals should communicate with the patient with respect and dignity. Nurses shouldn’t force patient to have blood transfusion. The personal values which are ideals, beliefs, customs and characteristics which an individuals or particular group or society moderators valuable and worthwile. As a health care professionals they have to make innumerable decisions everyday how to care for patients and which sorts of care should they provide. Some of these decisions will have no moral substances. For example: the health care professionals have to decide that the patients should be bathed before breakfast has been cathegorised as a matter of experience effeciency and custom of order. (2004) thornes et al page : 46. Patient may have their own personal values to themselves, they might not prefer of having any pressure or force of having a treatment, they can decide or choose what is best for them. Ethical issues approach focuses on ethical issues that arise in practice. These are usually big moral dilemmas that be inclined to take over in the media,such as terminating life – sustaining treatment. The ethical concepts approach begins by looking at the development of the professional codes of conducts of ethics and then challenges the values that notifys practice and how significance conflicts are resolved. It also explores diverse ethical principles and concepts. (2004) thrones et al page 74 The equity of care means individuals patients or clients should be treated fairly accooding to their needs but that denies their differences and individuality. We living in multi cultural society and the codes requires nurses to promote and protect the interests and dignity of the patients and the clients, gender, age, race, ability, sexuality, economic status, lifestyle, culture, religious. (2005) chapman et al page no: 26 Autonomy it’s dominant to realise that the patients has personal autonomy and therefore they have rights to agree or disagree with the action or treatments, even refusal may result in harm or death of the individuals. In this case if a patient don’t want to have blood transfusion, the health care professionals shouldn’t force or pressure the individuals patients to have blood transfusion. This is their own choices and decisions not to have this particular treatment, so the health care professionals should not force them to have this treatment. It’s very important that the health care professionals ask consent to the patients before they begins with any treatments, so that the patients is aware of it. If a patients is egally incompetent to make an informed decision the health care professionals should try and find out about their wishes which they previously expressed in the statement for example: the living will. So if the patient was legally competent than the health care professionals should respect their choices and decisions. (2005) chapman et al page 48 Benefience and non – maleficence this imposes a duty to do good and avoid or minimise the harm of the patients. I t require the the health care professionals helps the patients and clients by promoting and safe guarding their welfare. Nurses duty is to treat individuals with respect when it involves their cultural and linguistic backgrounds, their treatments, the health care professionals should pay more attentions to their verbal and non – verbal communications when they communicate with the individuals patients. Recurrently in the line of the duties of care of the nurses come with the ethical dilemmas and the moral dilemmas which requires the health care professionals to exhibit the benefiences and non – malfiecence in agreement with the appropriate treatment for the patients. Patients has all rights to decide and choose their treatment in this case patient too incapacitate to make their needs or wishes known the nurses must lean heavily to the side of benefience. Justice which requires the equal treatment of the equal cases. It is concerned with the allcation of health resources and means that there should be no discrimination on the basis of gender, age, race, relligion. Patient shouldn’t be discriminated against their cultural differences or beliefs. The age discrimation act suggets that individuals shouldn’t be discriminated againt their age. In this essay I have discussed the case study of a patient who has been admitted to the casulty department after had a road traffic. He has sustained some severe injuries he needs blood transfusion. He refused to consent to this treatment due to his religious and beliefs purpose, although he understands that his life is at risk. He was unconscious few times. His relatives is agreed with the treatment which he will receive from the hospital but he still refused to have blood transfusion. The nurses tried to convince him for taking the treatment but his still refusing. The nurses have to respect the patient dignity and choices. This case study

Economic Background – Greece

Greece has a mixed capitalistic economy with a large public sector that accounts about half of GDP. Besides, Greece is a major beneficiary of European Union aid, which equal to about 3. 3% of annual GDP. In addition, Greece is an agricultural country and one of the poorest countries of the European Union with the second to lowest average income, after Portugal. In January 2002, Greece adopted the euro as its currency. The adoption provided Greece, formerly a high inflation risk country under drachma, with access to competitive loan rates and also to low rates of the Eurobond market which led to a dramatic increase in consumer spending and gave a momentous boost to economic growth. Between 2003 and 2007, Greece economy grew by nearly 4. 0% per year. The preparation for the Athens Olympic Games during 2004 gave an impulse to the Greece economy. However, the financial crisis had slowed down the Greece’s economic growth to 2.0 % in 2008. As a result of the world financial crisis and its impact on access to credit, world trade and domestic consumption, the economy went into recession in 2009 and contracted by 2. 0%. In late 2009, eroding public finances, misreported statistics, and inadequate follow-through on reforms prompted major credit rating agencies to downgrade Greece’s international debt rating, which has led to increased financial instability and a debt crisis. Greek government has approved a three-year reform program that includes cutting government spending, reducing the size of public sector, tackling tax evasion, reforming the health care and pension systems, and improving competitiveness through structural reforms to the labour and product market under the intense pressure by the EU and international lenders. The Greek Government projects that its reform program will achieve a reduction of Greece’s deficit by 4% of GDP in 2010 and allow Greece to decrease the deficit to below 3% by 2012. Greece requested activation of a joint European Union-International Monetary Fund support mechanism designed to assist Greece in financing its public debt in April 2010.

Barriers to entry Essay

Monopoly, also known as a monopoly seller, selling alone, exclusive, generally refers only to one or more sellers in the market, through one or more stages, in the face of competitive consumer; and monopsony opposite. Monopoly on the market, can freely adjust the price and yield (not simultaneously adjust). Monopoly can be legally exclusive privilege to control sources of supply, or together or work together to achieve the behavior of enterprises. [1] China since ancient times called monopoly to â€Å"knock† [2]. Ancient Chinese salt, iron, tea cause long a monopoly of the government-run, because there it is profiteering, the country once the financial crisis, to subsidize the country with a lack of implementation of the ban inevitable knock system. Generally believed that the basic cause of monopoly is barriers to entry, that is, a monopolist can maintain sole seller of its position in the market, because the other companies can not enter the market and compete. There are three causes of monopoly: Natural monopolies (natural monopoly): cost of production make a single producer more efficient than a large number of producers. This is the most common form of monopoly. Resources monopoly: a business owned by a key resource (such as: wireless TV dubbing industry [citation needed]). Administrative monopoly: Government to give a firm the exclusive production of a product or service rights (public franchise). There are also self-monopolized by the government, known as the monopoly.