Inside Job free essay sample

For my module-end project, I will be watching the documentary called â€Å"Inside Job† narrated by Matt Damon created in 2010. The documentary is well-known for providing a comprehensive analysis of the 2008 financial crisis. Many people have said that the documentary does a good job of explaining the reasons behind the financial crises. By reading the documentary’s plot summary, I was able to find out that the documentary goes into many of the causes of the financial crises. Topics include corrupted politics, the housing bubble, wall-street executives and systematic corruption by the financial institutions. The documentary is split into five parts: Part 1: How we got here? – Explains the history behind bank deregulation. Part 2: The bubble (2001-2007)-Analyzes the housing bubble, credit default swaps and subprime mortgages. Part 3: The crisis- Shows the effect of the financial crisis. Describes the recession of 2007-2008, stock market plummeting, lack of credit available by banks, global implications etc. We will write a custom essay sample on Inside Job or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Tope executives were able to walk away with no consequences and academia continued supporting bank deregulation. Part 5: Where we are now? No major reform made on credit rating agencies, explains Obama financial relief program and the losses of jobs that occurred. By watching the documentary I will be able to learn all the reasons and implications of the financial crisis and tie it together. I plan on taking notes while watching the documentary and then writing a report on all the information I learned from the documentary. Many complicated concepts learned in class (credit default swaps, securitization, derivatives) are explained in the movie in layman terms. Therefore I will be able to gather a better understanding of these complicated concepts and connect it with the issues faced in the financial crisis.

Lincoln Electric

Lincoln Electric Lincoln Electric is one of world leading companies providing welding equipment. The company was established at the end of the nineteenth century and now it is operating in five continents. In 2005, the net income of Lincoln Electric was $122 million (Siegel 3). The company’s success can be explained by effective strategies employed.Advertising We will write a custom case study sample on Lincoln Electric specifically for you for only $16.05 $11/page Learn More For instance, the company managed to develop efficient functional strategies. These strategies include the â€Å"use of employee stock ownership†, bonuses â€Å"determined by merit ratings†, piecework pay and so on (Siegel 3). These incentives increased employees’ motivation and the quality of products provided also improved. It is also noteworthy that the company manufactured arc welding equipment as well as consumable products. This diversification has enabled the company t o meet consumer’s needs and the company’s revenues increased. As for increasing efficiency, the strategy mentioned above was crucial. Apart from diversification and proper human resources management, Lincoln Electric marketed its products in 19 countries. At that, when the company was facing certain problems, the CEO managed to increase efficiency of facilities through closing unprofitable plants and eliminating duplication in other plants. When it comes to increasing quality, the company implemented a number of successful strategies aimed at development of new products. The RD department of the company patented various products that were hits in the field of welding industry. As has been mentioned above, employees were motivated to produce high-quality products and this also contributed greatly to the overall quality of products manufactured. Increasing innovation is closely connected with increasing quality. However, it is important to add that the company used innov ative strategies in production (patented new efficient products) as well as other spheres (introduced effective HR strategies, diversified production). The company’s success is also rooted in increasing customer responsiveness. This was achieved through development of user-friendly equipment that was able to solve numerous issues consumers may have faced during their work with the company’s products. Diversification was a key element of this process.Advertising Looking for case study on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Lincoln Electric launched a very effective Guaranteed Cost Reduction Program through which it guaranteed that users of the company’s products would save money (Siegel 5). Through this program, Lincoln Electric developed quite close relationships with its consumers. Sponsoring such sporting events as NASCAR and NHRA also contributed to increasing customer respons iveness. It is necessary to highlight the most effective business level strategies. These include optimization. As has been mentioned above, the company’s CEO managed to close unprofitable facilities in a number of countries and optimize functioning of others. Elimination of duplicating certain process had a positive impact on the company’s development. The focus on quality of products as well as diversity was also beneficial for the company. Finally, company’s’ HR policies led to development of trustful relationship between management and employees (Siegel 4). Corporate level strategies have also been effective. Thus, the company’s readiness to expand was central to its success in the world. The company managed to identify major markets where their products would be in demand. At the same time, the company’s CEOs were not afraid to close facilities that had been unprofitable. Importantly, Lincoln Electric was the company that managed facili ties effectively and eliminated any reduplication. Finally, in the time of global financial constraints, the company was also successful in acquisitions. The policy to acquire assets of companies well established in certain markets has proved to be effective and the company managed to remain the leader in the global market. Siegel, Jordan. Lincoln Electric. Harvard Business School (2008): 1-24. Print.

Organizational Behavior and Culture Assignment Example | Topics and Well Written Essays - 250 words

Organizational Behavior and Culture - Assignment Example ? astounding success was Sheets’ efforts to professionalize the business by, among other things, putting the movers in uniforms, having them carry business cards and training them in customer service. Setting up the training facility also gave both her employees and franchisees a chance to enrich their jobs through the acquisition of new skills and ways to conduct their businesses and these gave them ultimate competitive advantage. Having all done so, Sheets has fulfilled the esteem, belongingness, and even self-actualization needs of her staff and business partners which in turn motivated them to perform better either as individuals or as teams. Like Mary Ellen Sheets in Case 1, Klaus Kleinfeld of Siemens is motivated by the need to become a self-actualized individual. A global citizen, he embraces change and pulls his organization along with him. Through his unwavering commitment, Kleinfeld was able to show a conventional company and its employees what they can expect to gain from their added efforts and dynamic performance in the long run. The cross-functional teams he created likewise expanded business opportunities for Siemens with their concerted actions and cooperation which were unheard of in traditional business settings. Kleinfeld and his self-motivated teams are slowly but surely directing Siemens towards becoming globally competitive