StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

How the UK Lost its Faith in National Champions - Essay Example

Comments (0) Cite this document
Summary
The author of this paper claims that the UK is a leading trading power and financial center and is one of the quintets of trillion-dollar economies of Western Europe. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
How the UK Lost its Faith in National Champions
Read TextPreview

Extract of sample "How the UK Lost its Faith in National Champions"

Download file to see previous pages Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. Since emerging from the recession in 1992, Britain's economy has enjoyed the longest period of expansion on record; growth has remained in the 2-3% range since 2004, outpacing most of Europe.
The majority of the companies were held by the government until the 1940's. However, at present, there is widespread privatization of formerly government-owned companies. Many leading companies are owned by or in the process of bidding for the foreign owners. For instance, Jaguar's acquisition by TATA Motors and BMW selling off Rover. Some of these owners are themselves in the public sector or are only just going through the privatization process. The crisis in the US property market has prompted global banks to rein in lending, leading to fears of a sharp global slowdown. (Fleming 2007). (Cubbin).
There are some acceptable rescue strategies that are used for rescuing corporate organizations. "Many of these strategies require internal changes, which may impact on the following areas:" (Arrangements: Working Towards a Common Goal).
Pricing policy: The pricing of products of a company even if it is healthy is of great importance. The pricing of a product will be dependent on many factors like competition for the product, its exclusivity, consumer perception, etc. A company that is in financial trouble can take a look at its pricing policy and try to increase revenues through increased sales. The first thing that could be done is to see whether the products can be priced higher than it is currently priced. If, after due analysis and if found feasible, increased product pricing can help to increase the cash flow of a company in trouble. Another strategy that could be followed is use menu-pricing. This is the practice of assessing the standard price of a product and then add or lessen related services that are associated with the product. In this way, the pricing of the product can be fixed so that it will be different from the price of a competing product. "Top pricing performers use menu-pricing--setting a price for standard service and then offering a range of service levels that raise or lower that price--differently than their less successful peers, and more often. This approach makes it possible for companies to charge customers more accurately for the cost of serving them." (Alldredge, Griffin and Kotcher, 2003). Increasing the price range of products may also be of help.
Cash Management: Managing scarce resources in times of need is very important in any situation. A company in financial trouble may find itself starved of liquid assets, especially cash. A thorough understanding of the cash flow of the company should be made. From this, it will be clear as to where the problem in cash flow exists. For example, it could be that debtors are not paying what is due to the company. Addressing this problem and trying to find a way out will be of great help in situations like this.
Manufacturing process: A modification or restructuring of an inefficient manufacturing process can help in rescuing the company. It is a service sector company, its service process could be revamped. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(How the UK Lost its Faith in National Champions Essay, n.d.)
How the UK Lost its Faith in National Champions Essay. Retrieved from https://studentshare.org/macro-microeconomics/1504784-uks-economy
(How the UK Lost Its Faith in National Champions Essay)
How the UK Lost Its Faith in National Champions Essay. https://studentshare.org/macro-microeconomics/1504784-uks-economy.
“How the UK Lost Its Faith in National Champions Essay”, n.d. https://studentshare.org/macro-microeconomics/1504784-uks-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF How the UK Lost its Faith in National Champions

The UK National Curriculum

...? UK NATIONAL CURRICULUM Introduction A National Curriculum outlines theknowledge body, understanding and skills that society wishes to pass to the young people and its children. Countries usually structure their National Curriculum around values and aims, subject skills and content. However, the UK National Curriculum is prescriptive. Moreover, the responsibility of the strategic management rests with the department and support and development lies with the Qualification and Curriculum Authority (QCA) (National Curriculum Council (Great Britain) 1992). For the essay to critically analyze the National Curriculum, it will try to elaborate why the curriculum was deemed necessary, examine the different negative and positive consequences...
8 Pages(2000 words)Essay

UK National Health Services

... and people's access to these services. The UK National Health Services has long delivered care and public health programmes through primary care. The community oriented primary care based on general practice populations and other health workers has debatably been able to make a significant headway against all odds mainly because of failure of primary care population failing to assume responsibility and proactive ownership of the process involved in improving the health of the population. The ideal would have been tailoring the primary care according to the local needs to a personalized care. Despite predominantly biomedical and humanist orientation, general practice in the United Kingdom has long been...
6 Pages(1500 words)Essay

Inequality in the UK its effect on the national economy

...Inequality in the UK its effect on the national economy Introduction Several development agencies in international lending institutions have over the years emphasized on poverty eradication as a means of economic empowerment especially in middle income countries. This is well demonstrated by the components of the Millennium Development Goals (MDGs). Most policies on poverty reduction and economic empowerment have ignored or underplayed the importance of income distribution to economic growth. This paper explores the subject of inequality with an emphasis on the nature and scope of inequality in the UK. Why should economists care about inequality in the distribution of incomes? Poverty and economic inequality are intimately bound...
11 Pages(2750 words)Essay

Book Explores Ways Faith Is Kept, or Lost, Over Generations

...Book Explores Ways Faith Is Kept, or Lost, Over Generations Affiliation: The article discusses how faith and religious teachings are passed from one generation and advice on religious following in a family. The author provides various tips that would guide religious parents to ensure their children and grandchildren follow their religious background and how to make them cemented in faith. Among the issues under discussion include the parent-child relationship where the author indicates that parents that have a close-knit relationship with their children are the most successful in not only instilling religious teachings in their children but making them follow those teachings and faith throughout their lives even if they stray for a while...
1 Pages(250 words)Essay

Faith School in UK

There are many of these schools in the UK such as Muslim Faith School, Christian, Jewish and Hindu. A faith school is defined as a school that is financially supported by a particular religious group, usually for children from that religion (Mackinnon, & Statham, Hales, 1999).
Scholars argue that faith schools should be allowed in our society while others, who have a different point of view claim that the government should not allow faith schools in the UK. Despite the fact that state funded faith schools are mostly managed like other state schools in the UK and are subjected to the same curriculum other than religious studies, they have the freedom to teach their religion. This is an implication that these schools have are al...
10 Pages(2500 words)Essay

UK National Health Service

Since then, the government is engaged in expanding the scope of health and social care policy as an attempt to become the best welfare state. 
First published in 1942, Social Insurance and Allied service, which was widely known as Beveridge Report, was the work of Sir William Beveridge. The aim was to take the state towards the welfare state. In 1942, this influential report was completed and published. 
He described various maladies such as disease, idleness, ignorance, squalor as the giant evils and proposed wide-spread reforms in each area (Beveridge, 1969). This report also became the basis for the scheme for free school meals and vaccination against diphtheria for the children who we...
7 Pages(1750 words)Assignment

Faith School in UK

... with the school admissions code whenever they are unable to fill all their places with the applicants who belong to the faith of the school. In the recent past, unfair discriminatory admissions and employment policy of most faith schools have returned considerable argument due to its potential negative impacts on the social cohesion and ethnic integration. This essay will discuss whether the government should allow different faith schools in the UK or not, and how a faith school can have an effect on the society in the UK. Although faith schools have existed in the UK since at least 1870, (Berkeley, 2008) the recent history of faith schools in the country was in the year 1944 following the passage of the 1944 Educational Act that resulted...
4 Pages(1000 words)Assignment

Core Team of Change Champions

of the Core Team of Change of the Core Team of Change In the context of healthcare, change does not take place or happen for the reason that an individual involved formulates a novel idea. On the contrary, change takes place when all stakeholders are involved or engaged in planning and executing the planned change (Nesse et al, 2010). According to Dr. Carol Huston in the Laureate Media (2013c), the financial aspect of a program in relation to strategic planning is of critical importance. This means that there must be an evident sponsor of the implementation of the planned change. Government organizations that would be part of the team will include regulatory and accreditation bodies. This is of significance in ensuring activities...
1 Pages(250 words)Term Paper

Has Christmas Lost Its Meaning

... for a time of household gathering have led more people in this world to become depressed at such times. All of these events and feelings occur as the most celebrated and commercialized day arrives and that day we call it Christmas; a time that should bring forth joy and remembrance of the birth of Jesus Christ, our savior. The purpose of this paper is to shed light on what Christmas is. It discusses why most people celebrate Christmas and why some do not celebrate. It also analyzes how Santa Claus became of and why the lack of knowledge and commercialization of the holiday have made it lose its meaning. What is Christmas? To everyone, Christmas seems to be different. Some people consider Christmas as a celebration of the Christ’s...
5 Pages(1250 words)Research Paper

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

How Tomatoes Can Help Your Heart

Whether tomato is a fruit or vegetable? Well, this question can be answered in both ways. Botanically, tomato is a fruit but it is so frequently used as a culinary item all over the world, it is also considered as a vegetable. Long time back, the tomato was considered as fruit and helped the exporters to avoid taxation but 1893 the Supreme Court put an over this dispute by declaring that tomato was a vegetable and since that time onwards, tomatoes were taxed accordingly. Keeping in harmony with this tradition, till date tomatoes are served as entrée and very rarely as dessert. Apart from side dishes, wide array of main course dishes are also prepared from tomatoes and these dishes are regarded considered as lip-smacking cui...
6 Pages(1500 words)Case Study

The Nature of God and Its Relation to Mission

It is God's agent in history, through whom He works by historical processes. Men learn of God and respond to Him in the context of their whole lives as personal, social beings because of the activity of the Christian community. Thesis Mission theology occupies a central role in religious teaching and supported by the main dogmas and principles of theology.

The main texts Genesis 12, Exodus 9 and 19, Numbers 14, several parts in Deuteronomy, Joshua, 1 Samuel, 1 King, 1 Chronicle, Psalm, Isaiah, Jeremiah, Ezekiel, Daniel, Micah, Habbakuk, Zephaniah, Haggai, Zechariah, and Malachi. Jonah's story is considered a missionary book of the Old Testament1. Christians have so understood their role. Jesus' understanding of his role...
8 Pages(2000 words)Case Study

The National Drug Intelligence Center

The essay would further describe the agency in detail in regard to its achievements and fallbacks. It would also give a clear view as to how it has affected American society in particular.
Drug trafficking was one of the very common problems encountered by the law enforcement agencies of the United States of America. Though there were laws to cope with the issue there was not an agency which was particularly working for the problem of drug trafficking. On September 5, 1989, President George H.W. Bush with the assistance of William Bennett who was the Director of the Office of National Drug Control Strategy put forward a new strategy for facing the issue of drug trafficking and related problems. According to the new plan all t...
8 Pages(2000 words)Essay

The Effects of Media to Its Audience

... The Effects of Media to Its Audience Introduction Media is known to have an influence on the audience. This can be attributed to the fact that the relationship of media and the audience completes the basic process of communication. The media and its components can be considered as the stimuli causing the audience to react in different ways. One of the main areas of interest in the said field is the affective process of the media. In the study undertaken, the main objective is to present the ways and means which exhibit the effects of the media on the different types and classification of audiences. In addition, the said effects are also classified into advantageous and detrimental in nature. The Media and the Audience The effects...
7 Pages(1750 words)Case Study

Structure of the Educational System in Morocco and Its Capacity for Addressing the Needs of the Hospitality Industry

... jobs are expected to be created and tourism is expected to present 20 % of the national GDP. The hosting capacity for tourism is expected to increase to 230,000 beds from 97,000 beds in the year 2001. 6 Developing the tourism sector in Morocco presents a challenge because the country lags behind its peers on many social indicators (Alkhatib, 2008, Pp. 2 - 3). Thus, educating the masses to support the 2010 Vision to support tourism and to take on the new jobs is a challenge and it is important to try to better understand the expectations of hospitality and tourism industry managers, increase capacity for training and education for jobs in tourism and understand if the structure of the education system in Morocco can support the needs...
15 Pages(3750 words)Research Proposal

Immigration and Its Impact on the United Kingdom

For example, for farming communities, fertile and well-watered land has been a pull factor in migration. Business opportunities and political stability are also examples of pull factors.
Since the turn of the 20th century, Great Britain and Northern Ireland have experienced a great influx of foreigners migrating into the country due to pull or push factors. There have been different waves of migrations to the United Kingdom, which has had different impacts. Because of this, the United Kingdom has had to respond in several ways, which includes coming up with new acts on immigration, nationality, and providing asylum to refugees.1 However, the topic of migration to the United Kingdom has attracted different political views and...
23 Pages(5750 words)Assignment

Senegal and Its Implications on Tourism

The country has a rich natural and cultural wealth, which forms the basis for tourist attraction. The main religions in the country are Muslim which forms the largest percent, Christian, and traditional religion (Binns, 2002). The big population of Senegal is found in rural areas, where the western-central region is densely populated. In the cities, there is a mixture of Senegalese, Europeans, and Lebanese, but Senegalese forms the largest population. The national language used in Senegal is French and is commonly used by educated people (Binns, 2002).

Researches show that Senegal was inhabited in ancient times. Islam occupied the land as early as the 11th century thus making many Senegalese to be Muslims. The French So...
7 Pages(1750 words)Assignment

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

... corporate strategy management and exploitation of macro economic factors. This is further reiterated by Johnson et al, who opine that it is the environment which ultimately shapes organisational survival in the marketplace (Johnson et al, 2008, p.54). Indeed, the underlying basis of macroeconomic theory is the interrelationship between performance and behaviour in decision making regarding national economies along with a consideration of the various determinants of economic activity (Michl 2002, p.20). A principle macroeconomic model is the dynamic stochastic general equilibrium model, which explains economic growth, business cycles and monetary and fiscal policy, along with consideration of how the economy evolves over time accounting...
13 Pages(3250 words)Assignment

The UK National Health Service

...Discuss critically the concept of public patient involvement with reference to the key themes of citizenship and consumerism The main focus of the essay is how public patient involvements came about in the National Health Service (NHS) and how this relates to consumerism and citizenship in health care. This paper seeks to create an all-round understanding of the different factors that revolve around public patient involvement with regards to consumerism and citizenship as the key factors that shape the access to public health. There are various perspectives that have been discussed in this paper and these perspectives are drawn from the different policies and policy makers in the UK health sector. The first important element of analysis...
12 Pages(3000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic How the UK Lost its Faith in National Champions for FREE!

Contact Us