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.
Nobody downloaded yet

Management - Essay Example

Comments (0) Cite this document
Management Names Course Date The need to control government spending in the context of the UK economy is a very critical macroeconomic policy. At a time when most governments across the world are bogged down by excess spending that seriously impact on the outcome of other government prerogatives, it becomes important to limit the amount of spending on public resources…
Download full paperFile format: .doc, available for editing
Polish This Essay97.1% of users find it useful
Read TextPreview

Extract of sample

Download file to see previous pages Like most economies, the UK practices a system where most critical social services are provided by the government (Engineers, 2008). Education and healthcare sectors are some of the areas where the government plays very imperative roles. However, with a growing budget deficit that continues to raise concerns, austerity measures become inevitable. The United Kingdom, with its expanding public sector coupled with a growing population, has been forced to borrow severally to finance its budget deficits. Such continued borrowing may have long-term impacts on the economy considering that the debts have to be repaid. In such a case, the austerity measures advocated for by most policy advisors become necessary. It certainly becomes a plus to the many private firms across the country as new opportunities will emerge in product and service delivery. However, in light of the recent street protests against the proposals to cut government spending, several considerations emerge. Several hospitals in the UK are already bogged down by numbers courtesy of the cuts that greatly impact on the quality of social services. The education system in the country has for several years been one of the best in the world (Al-Mazrouei, 2001). This attribute emerges out of the great support that the government allocates to the basic services like education, water and healthcare. It therefore becomes imperative that several considerations be made before any major government spending is practicated. In most cases, increased taxes are normally dreaded by the public. Nevertheless, a government that effectively uses the tax money on proper policies that impact positively on the masses certainly faces little antipathy towards its social reform policies. The UK’s situation in indeed one of the most notable cases in the entire world. It demands greater government intervention which can only be attained through proper spending policies. In its bid to exercise its mandate in the establishment of the lending base rate that guides the interest rates in England, the Bank of England’s monetary policy Committee faces myriad challenges in its approach to the whole issue (Tennant, 2009). The essence of setting the base rate is basically to ensure price stability in the country and to limit variations in the various interest rates across the country. In light of the emerging economic challenges that continue to bedevil the world, it is inevitable that economic priorities too need to change with a view of addressing the whole issue. Currently, the Committee’s main focus is keeping the interest rates at the basement levels with a view of economic expansion. In the recent years, it is indeed true that an inflation overshot has characterized the UK economy as the Banks pretence that the situation will return to normalcy in two years only help to escalate the tensions that emerge in policy circles. However, in view of this challenge, the basic challenge that confronts the Bank of England needs to be understood. The excess price and output volatilities are issues that must be addressed in tandem with the inflationary extremities (Giuseppi, 2008). The high inflation rates in the country have greatly influenced the performance of many firms. As the borrowing rates become unbearable, most commercial firms are reconsidering their ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Management Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/management/1393642-economics
(Management Essay Example | Topics and Well Written Essays - 1000 Words)
“Management Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/management/1393642-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Introduction The development of globalization in markets worldwide has allowed businesses to achieve a high growth within a relatively short period of time. However, the decrease of time in the expansion of business activities, as a consequence of globalization, has been followed by the increase of relevant risk (Vellani 2007, 134).
7 Pages(1750 words)Essay
Along with the management skills, managers should possess some degree of technical skills (i.e. help wait on tables, occasional food preparation etc in the chosen case study) to manage employees and their problems in an effective manner (Basic Skills for Project Managers).
2 Pages(500 words)Essay
Management - Performance Management
Implementing a performance management system is essential because without such a system the management cannot determine organizational goals. There are different aspects to performance management such as performance planning, monitoring, reviewing performance, and appraising individual performance.
8 Pages(2000 words)Essay
After researching on the product market, the entrepreneur then goes on to establish the business enterprise. However,the strategies used in running the business determine its success and survival in the market.This is dependent on the management theory used by the business.
3 Pages(750 words)Essay
Project Management Risk Management
In order to effectively control the project, it is of great importance that the project managers must clearly identify the risks before starting the project and outline their responses against the various risks identified so that an effective and efficient strategy can be developed to meet the uncertainties related with the project.
6 Pages(1500 words)Essay
Basic definitions of management and organization structure are discussed in this paper. Initially management was considered as an art of directing and controlling people. But now it is considered a science of using expertise of personnel to its maximum potential.
5 Pages(1250 words)Essay
The role of a manager is to properly oversee the assigned tasks of management. He is the person who decides what course of action will be adopted in the wake of managing tasks. He is responsible for delegating work
2 Pages(500 words)Essay
Talent management is one of the vital functions of the human resources department of a company. In order to manage the talents effectively the HR
3 Pages(750 words)Essay
anizing, selecting and involvement of the best qualified staffing and the ability to lead people, each organization has chances to achieve the best outcomes as for the itself as for the stakeholders involved. Proper management ensure setting of such activities as planning and
6 Pages(1500 words)Essay
For the project success, it is essential to identify and categorize any potential risk then evaluate them in the end (Ward &
8 Pages(2000 words)Essay
Let us find you another Essay on topic Management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us