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

Contemporary management issues - Essay Example

Comments (0) Cite this document
Contemporary Management Issue: The Examination of the Greek Financial Crisis Introduction This paper examines a contemporary issue – the Greek financial crises which caused major problems to the Greek economy and has transformed the social and cultural life…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
Contemporary management issues
Read TextPreview

Extract of sample "Contemporary management issues"

Download file to see previous pages The project would be conducted through a critique of secondary sources on a wide range of topics that relate to the Greek financial crisis. To this end, various authoritative sources would be examined to provide important information about the topic under review. The Greek Financial Crisis Video images of demonstrations and other harsh economic conditions in Greece are not uncommon in the media. Greece has been at the forefront of a major financial situation that can be attributed to their inability to meet the requirements of the European Union (Sladek, 2010). Many debates and arguments have ensued about the appropriateness of the country continuously remaining as a member of the European Union (Sladek, 2010). However, the rules of the European Union requires that the country discharges its obligations to the European Union and works to meet all the requirements of the Common Market. On the other hand, many Greek citizens are very unhappy about the changes and adjustments that are required. The root of the Greek financial crises can be traced to the fact that the country has maintained a government that carries out uncontrolled spending which leads to high sovereign debts (Pasiouras, 2011). The European Union requires that member states' governments cut down on subsidies and excessive spending amongst other things (Levy, 2012). However, Greece has a history that goes back to years of running a welfare-state modelled on the principles of Communism (Grawitzky, 2012). This is because from the period before Greece joined the European Union, the nation maintained a system whereby the public sector was the primary engine of the economy. The public sector was the largest controller of resources and the public sector also employed the vast majority of workers in the country (Grawitzky, 2012). Impact of EU-membership on Greece Greece's membership of the European Union came with several requirements and expectations from the article of membership (Pettifer, 2012). This is because the European Union is built on the elements of supply-side economics which requires the private sector to be the main and primary engine of growth of the economy (Pettifer, 2012). This is connected to the fact that the European Union was formed by nations that were on the Capitalist side of the Cold War. These nations believe in allowing people to work to earn their expectations in life, rather than get the state or government to control resources. The clash between the European Union and the Greek economy meant that there was an inevitable conflict which would require Greece to dismantle its public-sector oriented economy in favour of a more privatized system. The European Union seeks to create a Single Market that would promote property owning democracy across member states with the hope of promoting efficiency through the principles of Capitalism. Greece joined the Union in 1981 but it has been slow in dismantling its welfare-structured system in favour of a Capitalist model of governance where competition was encouraged (Sladek, 2010). In spite of these realities, Greece has been repeatedly ruled by parties that are Socialist in outlook (Sladek, 2010). These parties have continued to uphold the welfare-oriented practices of the government and reforms and conformity with EU principles have come rather slowly. Around the year 2005, pressure from the European Union increased and the problems in the Greek public sector was uncovered (Pasiouras, 2011). The country was not able to pay its sovereign debts and the International ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Contemporary management issues Essay Example | Topics and Well Written Essays - 2250 words”, n.d.)
Contemporary management issues Essay Example | Topics and Well Written Essays - 2250 words. Retrieved from
(Contemporary Management Issues Essay Example | Topics and Well Written Essays - 2250 Words)
Contemporary Management Issues Essay Example | Topics and Well Written Essays - 2250 Words.
“Contemporary Management Issues Essay Example | Topics and Well Written Essays - 2250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Contemporary management issues

Implementing Schedule of Time Management

...Running head: PHASE 5 INDIVIDUAL PROJECT PHASE 5: Individual Project Affiliation October 2008 How often have you heard it said that planning is waste of time? No sooner is the plan completed than someone comes along to change it. These same naysayers would also argue that the plan, once completed is disregarded and merely put on the shelf so the team can get down to doing some real work. To people management, we mean the planning activity that involves deciding on the types of people in form of resources that are required to fulfill the requirements of the project. In other words the types of skills and number of workers we need to complete the project (kwysocki, 1997). Whenever we talk about the methods involved in the project management...
6 Pages(1500 words)Coursework

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

Customer Relationship Management

 Consumers started looking for variety and lower prices. Through the use of technology, such customer tradeoff against variety and prices is not necessary. The US life insurance industry is large, mature and dominated by a number of large companies and this industry has been one of the early adopters of computer technology (Subramanian & Chatterjee, 2007). The advent of the CRM systems changed the landscape of the insurance industry.

The health insurance organizations use CRM to prepare health proposals and process applications in a much faster and accurate way. The organizations are better able to understand the needs and habits of the customer and provide more efficient service. Companies are able to integrat...
9 Pages(2250 words)Case Study

Diversity Management in Organisations

... that all workers enjoys the equivalent chances of development and authority within the place of work and not merely to those workers who adds their input to multiplicity, is compulsory for the effectual managing of diversity in organization. Integrating the contemporary organizational ethnicity while planning a “diversity management program” may perhaps be one way for recuperating discernments of multiplicity management by all workers and attaining the most optimistic result for place of work diversity. (SIAS, Patricia M., 2008) 3.2 Impact of Organizational Ethnicity on diversity It is must for a HR manager to be aware of the fact that proponents of office diversity have endlessly endured the positive advantages of assemblage assortment...
6 Pages(1500 words)Case Study

Active Directory - Security, User, and Resource Management

Administrators make use of group policies to launch principles for desktop predilections and software. For many corporate information technology groups, concurrence with group policies to identify what software should be presented to each category of user, even without human intervention installing it on demand from a corporate server (Silberschatz, Galvin, & Gagine 2002. P. 838). The capability of the AD was introduced in the year 1999, its initial release was with the MS Windows 2000 Server Ed., additionally personalized to spread out functionality, security parameters and build up administration in MS Win Server 2003. The most recent better facilities and efficient edition of the AD are introduced in the Windows Server 2008...
6 Pages(1500 words)Report

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Information Security Management

Security is a group of activities that include the policies, measures, and actions which are utilized to stop unlawful access or alteration, theft, and physical damage to information or computer. Security can be supported by an assortment of techniques and tools to safeguard computer hardware, software communications networks, and data (Laudon & Laudon, 1999, p. 502). In the modern age of information technology, there are many threats happened for organizational information. We need a security model that has the ability to manage and secure our information reserves. Technical administrative safety /security measures like security plans, actions and techniques are the main practices for the organizational information security m...
10 Pages(2500 words)Research Paper

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

Self Assessment: Conflict Management Style

... and workforce. They can place demands on their employees without properly compensating it. The employees, on the other hand, can also abuse the management by setting up unlikely demands themselves, make poor decisions and then when faced with improper actions, get off the hook. In short there will be a number of issues in the workplace that can cause dissatisfaction of both, and without consideration on ethical principles, satisfactory employee-employer relations will be almost be impossible. In addition, instead of arriving at a common goal, it will rather be a win-lose situation. 3. Which of the previous three principles would you want the company that you work for to adopt? Why? If I were to choose for a certain company that I...
7 Pages(1750 words)Essay

Management Theory and Practice in the Early Childhood Education Industry

...Management Theory and Practice in the early childhood education industry This Report applies management theory into practice in the early childhood industry, especially in the context of women leaders. Management issues play a significant role in the academic sector, because early childhood professionals need higher levels of motivation in order to avoid burnout . As pointed out in a study by Osgood and Halsall (2007) where they carried out research to examine the position of women in leadership or management positions, a “glass ceiling” exists for women in the academic setting, which could significantly impair motivation. Since many of the individuals employed in the early education sector are women, addressing this issue is even more...
6 Pages(1500 words)Coursework
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 Contemporary management issues for FREE!

Contact Us