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Literatures 1. The new economy requires innovation to gaining competitive advantage When we talk about the new economy, we're talking about a world in which people work with their brains instead of their hands; a world in which communications technology creates global competition - not just for running shoes and laptop computers, but also for bank loans and other services that can't be packed into a crate and shipped; a world in which innovation is more important than mass production; a world in which investment buys new concepts or the means to create them, rather than new machines; a world in which rapid change is a constant; a world at least as different from what came before it as the industrial age was from its agricultural predecessor; a world so different its emergence can only be described as a revolution. The Characteristics of the new economy include:  · Significant levels of technological innovation, investing in innovative activities with new product/services or developments in existing product/services continually coming on stream;  · Schumpeterian competition  · High fixed costs in relation to variable costs  · Fixed costs often sunk costs  · Potentially long lived assets  · High levels of uncertainty over the size and longevity of the market for any given product or service  · Multiple products/services manifesting economies of scope as well as economies of scale.  · Some degree of vertical integration for at least some firms in the industry  · Investment in innovative products, and  · Subsequent pricing strategy (product life cycle pricing) . The primary challenges are:  · Accelerating rates of change  · Increasing levels of competition  · The globalization of business competition  · Rapid technological change  · Amore diverse work force  · Resource shortage  · The transition from an industry to a knowledge-based society  · Unstable market and economic condition  · Increasing demands of const... Free Essays on Fed EX Free Essays on Fed EX Literatures 1. The new economy requires innovation to gaining competitive advantage When we talk about the new economy, we're talking about a world in which people work with their brains instead of their hands; a world in which communications technology creates global competition - not just for running shoes and laptop computers, but also for bank loans and other services that can't be packed into a crate and shipped; a world in which innovation is more important than mass production; a world in which investment buys new concepts or the means to create them, rather than new machines; a world in which rapid change is a constant; a world at least as different from what came before it as the industrial age was from its agricultural predecessor; a world so different its emergence can only be described as a revolution. The Characteristics of the new economy include:  · Significant levels of technological innovation, investing in innovative activities with new product/services or developments in existing product/services continually coming on stream;  · Schumpeterian competition  · High fixed costs in relation to variable costs  · Fixed costs often sunk costs  · Potentially long lived assets  · High levels of uncertainty over the size and longevity of the market for any given product or service  · Multiple products/services manifesting economies of scope as well as economies of scale.  · Some degree of vertical integration for at least some firms in the industry  · Investment in innovative products, and  · Subsequent pricing strategy (product life cycle pricing) . The primary challenges are:  · Accelerating rates of change  · Increasing levels of competition  · The globalization of business competition  · Rapid technological change  · Amore diverse work force  · Resource shortage  · The transition from an industry to a knowledge-based society  · Unstable market and economic condition  · Increasing demands of const...

Plan for Establishing a Career Development Function in an Organization Research Paper

Plan for Establishing a Career Development Function in an Organization - Research Paper Example Specifically, this paper shall be divided into three parts: firstly, a discussion on the essence of organizational and employee management as defined and explained by National Career Development Organization or NCDO; secondly, an in-depth analysis of the contents of career development and its role in attaining business objectives; and lastly, a conclusion that will synthesize all the key learning points gleaned. The National Career Development Organization (2012) claimed that the organizational and employee management had emerged as a discipline that involved â€Å"the overall arrangement of the organization and its functions, including both the long-term and short-tem identification and development of its human resources†. In this regard, all of its plans, processes, and models are in line with providing the necessary skills that its employees need to meet the current and future job demands. Thus, it could be stated that organizational and employee management is similar to strategic talent management, which aims at creating job functions that help the company realize its maximum potential. From a historical point of view, it could be said that the inception of organizational and employee management has been heavily influenced by factors such as â€Å"Increased competition for promotion, constant innovation in technology, pressures for equal employment opportunities, corporate rightsizing and restructuring, globalization of our economy, and employees’ desire to get the most out of their careers† (Powell, 2003). From a workforce perspective, it could be claimed that strategic talent management was also a product of the employer’s desire to harness their employees’ knowledge and skills, and keep those that are most valuable to the company. At this point, National Career Development Organization (2012) also wanted to emphasize the difference between career management and career development.

Event Essay Example | Topics and Well Written Essays - 750 words

Event - Essay Example However, last year out of shear spontaneity and maybe a little convincing from my cousin I decided to go sky diving in San Diego. A decision I regretted until the moment I ignored the violent palpitations from my heart, took a deep breath, spread my arms and soured into the open air. The whole event began with me at home one day chatting with my cousin about what was the most daring thing we had ever done. The conversation was pointless and yet it was entertaining and stimulated our brain cells to relive the moments which we dared not revisit on a normal occasion. Some of them were a bit edited as embellishment is a part of every discussion between my cousin and I. As the darkness slowly took over we began to talk about things we thought we could never do and then sky diving came up. My cousin, who is daring in almost everything he does said that he would gladly skydive as long as I joined him. Many thoughts ran through my mind as these words entered my ears and my brain processed them. I reluctantly agreed hoping to hear the something along the lines of â€Å"I was just joking†, but it never came. Instead a date and location was set; San Diego the following Friday. On the day I remember waking up with many different thoughts in my mind, however, all them leaning towards the question, â€Å"Am I really going through with this?† My cousin on the other hand woke up with the excitement of a three year old at Christmas or a bride before the day of her wedding. Everything I did from then on was nervy, my hands were shaking, my appetite was missing and my breathing seemed like that of a person who was suffocating. From all the moments in my life, this was definitely one of the most memorable due to the butterflies that colonized my stomach. I was a prisoner of fear without the option or possibility to appeal. This hour of my life seemed to take place in days as I prolonged the inevitable and