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United Kingdom Economy - Assignment Example

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This paper tells that globalization today defines modern-day management practices in the largest organizations in the world. A modern-day business manager is faced with much more intriguing and technically stranded scenarios then what he had been through a decade or two ago…
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United Kingdom Economy
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Download file to see previous pages Toyota Brake Paddle dilemma, the financial scandal of Lehmann Brothers, the research blunder of Coke and the Union Problems at Coke are some of the few examples that the largest Multi-National Corporations have faced in recent times. This just goes on to show that even the industry leaders are not spared by the after-effects of erroneous policies made by the management. The activation, advancement, and freedom of media and technology have furthermore smothered the corporate environment today. The term stakeholders for a company has gone on to expand into explicable dimensions and today a single penny earned spent by a customer is driven through concepts such as CSR, Inflation, Charity, Savings, Discounts, Parity, Patriotism and furthermore innumerable aspects. Therefore to study an industry in today’s world one must ensure that the study examines and takes into account the modern-day trends and prevalent policy measures. As this will give us a better picture of where the industry is going, what’s happening and what needs to be done.
United Kingdom, UK, globally the eighth largest economy with a Purchasing Power Parity (PPP) GDP of US$2.17 trillion as of 2010 is one of the most vibrant business places in the world. The economic stability and growth in the UK are comparatively well placed if compared to various developed and dominant economies in the world, for instance as per a BBC report the unemployment in the UK is around 8% as compared to 10% in France and 9% in the US. UK is placed at the sixth spot in the line of world’s largest producers of manufactured goods and is home to some of the greatest corporate houses such as BAE Systems, British Petroleum, and Rolls-Royce to name a few. ...Download file to see next pagesRead More
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