The Global Financial Crisis Of Australia Essay - 1834 Words

Introduction The Global Financial Crisis (GFC) was the the deepest recession after the World War II economy recession. Australia emerged as the least affected by GFC as compared to other developed economies of the world. After the quarter with negative growth, the march quarter 2009 (0.4% GDP growth), suggested that Australia was able to escape from the world-wide recession. This article looks at each of these three different factors responsible for relatively strong performance of the Australian economy over this period and will examine their role that each may have played. Firstly, the fiscal stimulus policies adopted by Federal Government: secondly, timely policy responses to the effects of the global financial crisis by Reserve Bank of Australia and thirdly, the Australian economy trades significantly with Asia and in particular, China, and how the economy was beneficial from Chinese growth in the global slowdown. (the performance of our major trading partners, particularly China.) Australia emerged as the least affected economy by GFC: Role played by each factor Australia was able to maintain continuously impressive GDP growth as compared to other developed countries since the Global Financial Crisis (GFC) began in 2007. Australia survived from recession by attaining 1% positive growth in the 2008-2009 financial year where many countries of OECD were in recession. Federal Government During the crisis, Australia s financial system was properly structured andShow MoreRelatedThe Term Global Financial Crisis (Gfc) Refers To The Financial1745 Words   |  7 PagesThe term Global Financial Crisis (GFC) refers to the financial crisis of 2008-2009 that, according to leading economists, is the worst financial crisis since the Great Depression (Eigner, 2015). The crisis began in 2007 due to a mortgage market failure in the United States and in the following year, with the collapse of the Lehman Brothers investment bank, advanced into an international banking crisis, which then developed into a global economic crisis, The Great Recession (Williams, 2010). ThisRead MoreGlobal Financial Crisis And Its Effect On Australian Retails Markets1214 Words   |  5 PagesThe Report gives the insight of Global Financial crisis and its effect on Australian Retails Markets and Supermarkets. Particular the Impact of GFC on the one of the second largest leading independent supermarket, FOODWORKS during the period of 2007-2009 and examines the impact of the Global Financial crisis on the performance of the company. The global financial crisis brought with it very many challenges. Some were controllable while others were uncontrollable. Foodworks being the secondRead MoreMacro Environment Analysis1011 Words   |  5 Pages Political Legal Australia government help established trade policies to protect local clothing industries from imported good through high tariffs, quotas, and subsidies. According to Jayanthakumaran (2001), the World Trade Organization (WTO) and the Asia Pacific Economic Cooperation (APEC) have planned to remove the protection on Textiles, Clothing and Footwear (TCF) industries in Australia. Regarding the intense competitions over TCF industries globally, Australia and western industries didRead MoreGlobal Financial Crisis : Its Causes And The Global Responses Essay1592 Words   |  7 PagesAssignment topic: Global financial crisis: its cause and the global responses Introduction The global financial crisis or economy crisis is commonly believed to have begun in July 2007 with credit crunch, when a loss of confidence by the US investors in the value of sub-prime mortgages caused a liquidity crisis. On the other hand, due to the big changes that took place over the last 20 to 30 years in the worldwide economy and the influence of 2007 financial crisis, it has re-emerged as one of theRead MoreGlobal Financial Crisis ( Gfc ) Affect On Coca Cola Company1477 Words   |  6 PagesHow Global Financial Crisis (GFC) affect on Coca-Cola Company and how the Coca-Cola Company used it to regulate that problem? The Coca-Cola organization is thought to be the world number one non-mixed refreshments organization, driving in assembling, advertising and circulation of its item. However, the Global Financial Crisis (GFC), influences all parts of the change procedure in the Coca-Cola company. The financial environment affects the way the materials are handled as well, going down to affectingRead MoreThe Global Financial Crisis ( Gfc )1087 Words   |  5 PagesThe Global Financial Crisis (GFC) began in July 2007 in the United States (US) following the decline in the countries already poor credit ratings and the subsequent collapse of the US housing market and prominent investment bank Lehman Brothers which sent a wave of fear around global economies including Australia and resulted in the largest drop in global economic activity in the modern era. (W. McKibbin, A.Stoeckel, 2009, pg 1). During the years before the crisis there was a significant increaseRead MoreAustralia s Financial Stability With Inflation Under Control1548 Words   |  7 Pagesdebt and a solid financial system as a result of years of structure and policy reforms, Australia today has one of the strongest and largest mixed market economy in the world. Since the early 1980s, successive governments have deregulated financial and labour markets and reduced trade barriers making Australia one of the Asia–Pacific’s wealthiest nations who has enjoyed more than two decades of economic expansion. Although Australia managed to emerge from the global financial crisis relatively unscathedRead MoreInfluence of a Countrys Political Forces on Potential Investors: Sofitel Gold Coast Broadbeach Case Study1254 Words   |  5 Pagescountries political situation can significantly influence investors that intend to do business in these countries. In the case of the political environment in Australia, investors that want to address the countrys accommodation sector must focus on the visa regime and carbon tax. Tourists that are not from New Zealand and want to visit Australia are required to have a visa. The visa must be obtained before arriving to the country. There are several types of visas provided by the Australian governmentRead MoreThe Fiscal Monetary Policy Of Australia1566 Words   |  7 Pagesof Australia Background The global financial crisis (GFC) is begun with the collapse of Lehman Brothers in Sep. 2008, when a loss of confidence in stock investors of the value of sub-prime mortgages caused a liquidity crisis, resulting the global central banks injecting a large amount of capital into the financial markets and consumers confidence hit the bottom, according to McKibbin, W.J. (2009, p.1). The second phase of GFC stepped after the US bank crisis has evolved into the euro crisis, whichRead MoreGross Domestic Product Of Australia1673 Words   |  7 Pages AUSTRALIAN ECONOMY GROSS DOMESTIC PRODUCT As per Australian Bureau of Statistics, Gross domestic product of Australia is 1560.60 USD, with annual growth rate of 2.50 percent. Services sector dominates the total GDP of the economy (65 percent of total GDP). Though service sector is dominant yet major contribution to economy’s success in recent years came from mining sector (13.5 percent of GDP). Some other sectors which have contributed towards the success of Australian economy are manufacturing

The Taj Mahal Palace and Power Hotel in Mumbai - 1755 Words

Organisation Background Incorporated by Mr. Jamsetji N. Tata (founder of the Taj Group), The Taj Mahal Palace and Tower, Mumbai was opened in 1903 as the first hotel by the Taj Group and representative of India’s rich heritage. It is a flagship hotel of Taj Hotels Resorts and Palaces which is a part of The Indian Hotels Company (IHCL) and contains 560 rooms and 44 suits. Situated adjacent to the landmark, Gateway of India at water’s edge, the hotel offers east access to numerous local tourist destinations and official agenices.For more than a century, the Taj has taken the position of inherent landmark in the city and take pride in its rich clientele consisting of royal families, Stars form entertainment industries, Political and business dignitaries and so on. It has played an intrinsic role in being a social epicentre of the city. The hotel has been constantly ranked as one of the best hotel properties in the world for business and luxury by various hotel and tourism organizations including Conde Nast Traveler USA Gold List. Issue with the organisation On 26 November 2008, in a series of terrorist attacks in Mumbai, the hotel was attacked. Material damages occurred in millions of dollars as a result of damaged roof of the building and destruction of many antiques and heritage property. The attack lasted for over 60 hours injuring 350+ and killing around 167 people including many foreigners. The Hotel having high brand value had some 1000+ guests at the hotel on theShow MoreRelatedPorter s Five Forces : Case Study Essay2274 Words   |  10 Pagesforces: Case study on Taj hotel Name: Mohammed Sakil Qurashi Student Id: 20151471 Contents Business Environment 1 5.106 1 Taj Groups of Hotels 3 Introduction 3 Outline of the report 3 COMPETITIONS 4 Theory of competition 4 Substitutes 6 Power of Buyers 7 Theory of power of Buyers 7 Power of sellers 8 Conclusion 9 Introduction The Indian hotels company limited (IHCL) and its subsidiaries also known as Taj Group of industries. The Taj group of hotels consider as one ofRead MoreStrategic Advantages Profile of Maruti Suzuki2387 Words   |  10 PagesAssignment Of Management of Services On Service provided by Taj Hotel SUBMITTED TO SUBMITTED BY Lec. Satinder Kumar Gurinder Singh MBA – II yr (SEC – B) Roll No. 5818 Harsimran SinghRead MoreAn Analysis on Taj Group of Hotels3636 Words   |  15 Pagesthis report is to analyze the Taj Group of Hotels through the specific analysis of Taj  (luxury full-service hotels, resorts and palaces), Taj Exotica  , Taj Safaris,  . Vivanta , The Gateway Hotel, Exotica Brand. The Taj Group of Hotels were selected to gain a learning of hotels in India from three different perspectives – that of a fast growing Indian hotel, , that of a formerly strong player trying to adapt to a changing market, and finally, that of an domestic hotel operating in India. The analysisRead MoreAn Analysis on Taj Group of Hotels3620 Words   |  15 Pagesthis report is to analyze the Taj Group of Hotels through the specific analysis of Taj  (luxury full-service hotels, resorts and palaces), Taj Exotica  , Taj Safaris,  . Vivanta , The Gateway Hotel, Exotica Brand. The Taj Group of Hotels were selected to gain a learning of hotels in India from three different perspectives – that of a fast growing Indian hotel, , that of a formerly strong player trying to adapt to a changing market, and finally, that of an domestic hotel operating in India. The analysisRead MoreHotel Industry4982 Words   |  20 PagesBusiness Plan On HOTEL INDUSTRY Submitted to Prof V.K. Sapovadia, Prof Kishor Barad Prof Sharma Shanti Business School, Ahmedabad PGDM Trimester II (Batch 2010-12) Continuous Evaluation in Business Plan Submitted By HEMANT VAGHELA ENROLMENT NUMBER: 1011012005 SR NO. | TOPICS | PAGE NO. | 1 | HISTORY EVOLUTION | 3 | 2 | GROWTH OF INDUSTRY | 4 | 3 | MAJOR MARKET PLAYERS | 5 | 4 | CATEGORY OF PLAYERS | 5 | 5 | ITDC HOTELS | 9 | 6 | HOTEL CORPORATION OF INDIARead MoreMis in Taj Hotels10832 Words   |  44 PagesIndustry Report – Hotel Industry Group - 1 2010 This report presents scenario of MIS in Hotel Industry with main focus on India Hotels Company Limited (IHCL, Taj Group of Hotels) India Hotels Company Limited Oxford House 15/17 N.F. Road Apollo Bunder Mumbai 400 001 India Contact Person - Denzil Barretto denzil.barretto@tajhotels.com (91-22) 6665 1000 (91-22) 2284 6680 / 83 Industry Report – Hotel Industry Table of Contents Group Details ......................................................Read MorePower Of Religion : God Made Us, We Made Gods1437 Words   |  6 PagesMannat Shukla Professor Sonia Gutià ©rrez English 100 July 11 2014 Power of Religion â€Å"GOD MADE US, WE MADE GODS† It was the heat of the summer afternoon that radiated about the Indian temple of Shiva, a Hindu deity. The sheer amount of people running about was amazing but there was something that they all shared. 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At times, news channel covers news such as

Comparative Study

Question: Select two different research methods of which 1 must be qualitative and 1 mist be quantitative and compare and contrast them. In addition, provide an example of how they may be applied within the aviation sector. Answer: Introduction This study reflects the case on the aviation industry on the basis of quantitative as well as qualitative methods which can give a detailed investigation regarding the quality as well as skills of the researcher which is essential during the research process. Research Methods: Compare and Contrast The two research methods that are Qualitative Research and Quantitative Research are used by the researchers for presenting their research work in better way. The main goal of Qualitative Research is to deliver detailed and complete description of the relevant research topics. Moreover, it is considered as exploratory in nature. It is used in describing the topics in broader sense so that aim of the research work can be fulfilled. The researcher of any kind focuses on studying the views of the respondents or participants that are involved in the research survey. Furthermore, the qualitative research is text based and requires more in-depth information for analyzing the research work in feasible manner. The qualitative research highly depends on the rigor and skill of the researcher which can be reliable and valid for the research work. According to (Carey, 2012), under qualitative research methods, the information are collected from the small amount of individuals. It helps the resea rcher in making analysis of the acquired information in much easy way. The researcher is involved in presenting and explaining information in the form of image or text. As a result, the reader easily understands the purpose of the research work. On the other hand, the biased and subjective approach is undertaken in qualitative research for the purpose of evaluating or reporting research. The subjective approach in qualitative method helps the researcher in understanding the behavior of the human and also assists in studying the reasons behind such behavior. Apart from that, the graphs are highly considered important in qualitative research as it largely helps in the presentation of research work to the audiences. It is stated by (Green, 2012) that the problem of research is described from the viewpoint of the researcher in more subjective manner. It provides valuable support in designing the structure of the survey and collecting the required information. Further, in order to use qualitative method, the inductive process is used by the researcher for formulating any hypothesis or theory. Therefore, in-depth interviews, focus groups, document reviews, etc are considered for the qualitative research. On the contrary, it is also mentioned by (Industry News, 2012) that no statistical tests are performed in this research method and take in account semi-structured or unstructured response options. Moreover, text-based technique is used to explain the response of the respondent. Due to that, sometimes it leads to ambiguity to the readers. In addition (Jharkharia, 2012) pointed that the researcher deduce the research work as per their own biased view leads to the twist the information gathered. On the other hand, it is also stated that it is highly time consuming and could last for months for collecting the required and relevant information. Apart from that, the other research method that is Quantitative research method. Its major goal is to classify and count features. It is also involved in establishing statistical models for the purpose of explaining that has been observed. Therefore, it is considered as conclusive research type and falls under narrow aspects. On the other hand, (KELLY, 2012) explained that quantitative research delivers a clear picture to the researcher of what to expect in comparison to qualitative research in the particular research. The research is conducted in objective and unbiased manner which helps in presenting true essence of the project to the readers or audiences. Moreover, a deductive process is used in the quantitative research for testing the pre-specified concepts and constructing hypothesis. Furthermore, (McCusker and Gunaydin, 2014) explained that the research problem and need for research direction is justified by undertaking quantitative research method. Therefore, more specific an alysis is done for achieving the goal and fulfilling the research objectives. On the other hand, the information is collected from the large amount of individuals which is further analyzed in the form statistical aspect. Further, the data is interpreted by the researcher by making comparison of results with the past research and prior predictions. Apart from that, (Morgan, 1998) pointed that quantitative research use standard fixed structure for accumulating the statistical data and evaluating the result. Therefore, in order to conduct the quantitative research, online surveys or questionnaires are prepared by the researcher to collect the required information. On the contrary, it is argued by (Tucker, 2012) that quantitative method does not explain the research topic in much depth manner rather it focuses on breadth of the data. Furthermore, in order to gain better advantage from the quantitative research the large sample has to be undertaken otherwise the researcher would not gain more accurate statistical results. However, it would help the researcher in analyzing and measuring the data in better way. The main objective of this paper is to analyze the qualitative as well as the quantitative methods which the organization needs to make a research related to the aviation industry. The case is taken with a point of view to look after the safety as well as the performance which can be seen in human and the various qualities need to be maintained for the purification of the research methodology. Quantitative research methods can be seen in the aviation industry which should have a logical issue with the choice of industry. The aviation environment can be seen as a complex which will include in the cultural as well as the technical grounds with a view to remove the flaws in a way to attempt in the research process (Uziel, 2012). There are various factors which are responsible in case of improving in the safety purpose, one being the metrics which are said to be regulated as well as prudentiated in numerical terms. The second factor is the accurate results which need to be exaggerated by way of complete subjectivity (Velcon Filters expands in aviation with Warner Lewis acquisition, 2012). Positivism is a vital reason for the success of many researches in the wide range of fields which will help in the collection of data to build the relationship stronger in order to achieve the target base. Competing methodologies Epistemology is the concept which actually means that a medium to gather the knowledge which is a branch of philosophy which is needed for the purpose of validation. Positivism can be referred in a way to be effective to completely remove with the prospective of human element in a successful manner (Yadav and Nikraz, 2012). It is difficult to evaluate in subjective terms as because human imposes various emotions and feelings that cannot be judged in terms of monetary which will give rise to societal as well as the personal experience in the entire work sector. Positivism It is a concept which are used in the research methods as because it provides a stable and well as a reality to the objective terms which helps in the interference of human and will lead to enhancing of the human perception as far as aviation industry is concerned(Yeo et al., 2012). It can be noticed that the phenomenon can be observed by means that can be viewed directly or indirectly. Subjective matter cannot be interpreted which can give rise in getting the results in due course of time. Subjectivism This theory actually means that the information regarding the overall experience can be gathered by the human beings personally and there is no word like truth regarding the objectivism related to the conduction of the research process (Aviation Human Factors Related Industry News 1Parts of this section are compiled from Aviation Human Factors Industry News and reproduced with permission of Roger Hughes., 2012). Aviation industry has limited access as far as subjectivism is concerned, rather it focus on the attributes to solve the problem related to the biasness which can be seen in way of personal relationship as well as the relation that can be noticed between a teacher and a student. Social Constructionism This concept lies between the positivism as well as the subjectivism which actually helps in the organization as well as the performance of the human beings in case of the research process. It will help in getting the value of quality design as well as to recognize the methodology for the same. A holistic research has to be recognized in a way that it can have a meaning to the data collection as well as emphasis has to be done on the measurement as well as the explanation procedure. Both formal as well as informal methods are used in order to maintain the first person accounts which will help in the behavioral approach to the data which actually takes place within various alternatives. A well known understanding is required to narrate the descriptive issue in the most effective manner. Conclusion This study actually focuses mainly on the aviation sector and the research has been done on the safety measures on both the qualitative as well as quantitative methods. To achieve the research in the most effective manner, it is important to implement the various attributes like positivism as well as subjectivism which help in the measurement of the various strategies which are required in the aviation sector. Reference List Aviation Human Factors Related Industry News 1Parts of this section are compiled from Aviation Human Factors Industry News and reproduced with permission of Roger Hughes. (2012).Aviation Psychology and Applied Human Factors, 2(1), pp.42-47. Carey, J. (1993). Linking Qualitative and Quantitative Methods: Integrating Cultural Factors into Public Health.Qualitative Health Research, 3(3), pp.298-318. Green, E. (2001). Can Qualitative Research Produce Reliable Quantitative Findings?.Field Methods, 13(1), pp.3-19. Industry News. (2012).Aviation Psychology and Applied Human Factors, 2(1), pp.38-39. Jharkharia, S. (2012). Supply chain issues in mergers and acquisitions: a case from Indian aviation industry.IJAM, 1(4), p.293. KELLY, R. (1985). Family Policy Analysis: The Need to Integrate Qualitative and Quantitative Research Methods.Sociological Methods Research, 13(3), pp.363-386. McCusker, K. and Gunaydin, S. (2014). Research using qualitative, quantitative or mixed methods and choice based on the research.Perfusion. Morgan, D. (1998). Practical Strategies for Combining Qualitative and Quantitative Methods: Applications to Health Research.Qualitative Health Research, 8(3), pp.362-376. Tucker, R. (2012). U.S. Aviation Industry Outlook.Metal Finishing, 110(3), pp.8-10. Uziel, D. (2012).Arming the Luftwaffe. Jefferson, N.C.: McFarland Co. Velcon Filters expands in aviation with Warner Lewis acquisition. (2012).Filtration Industry Analyst, 2012(5), pp.3-4. Yadav, D. and Nikraz, H. (2012). An insight into professional registration of technical personnel in aeronautical engineering industry.Aviation, 16(2), pp.51-55. Yeo, S., Pan, Y., Lee, Y. and Chang, H. (2012).Computer science and its applications. Dordrecht: Springer.

Li Europan lingues es membres del sam familie. Lor Essays

Li Europan lingues es membres del sam familie. Lor separat existentie es un myth. Por scientie, musica, sport etc, litot Europa usa li sam vocabular. Li lingues differe solmen in li grammatica, li pronunciation e li plu commun vocabules. Omnicos directe al desirabilite de un nov lingua franca: On refusa continuar payar custosi traductores. At solmen va esser necessi far uniform grammatica, pronunciation e plu sommun paroles. Ma quande lingues coalesce, li grammatica del resultant lingue es plu simplic e regulari quam ti del coalescent lingues. Li nov lingua franca va esser plu simplic e regulari quam li existent Europan lingues. It va esser tam simplic quam Occidental in fact, it va esser Occidental. A un Angleso it va semblar un simplificat Angles, quam un skeptic Cambridge amico dit me que Occidental es.Li Europan lingues es membres del sam familie. Lor separat existentie es un myth. Por scientie, musica, sport etc, litot Europa usa li sam vocabular. Li lingues differe solmen in li grammatica, li pronunciation e li plu commun vocabules. Omnicos directe al desirabilite de un nov lingua franca: On refusa continuar payar custosi traductores. At solmen va esser necessi far uniform grammatica, pronunciation e plu sommun paroles.