Training and Development in Food & Beverage Dissertation

Training and Development in Food & Beverage - Dissertation Example In this current business environment, various factors have direct influence over the operations and entire performance of an organisation. The prior reason behind the establishment of any businesses is to sell maximum products and/or services to the customers with the prime intention of earning high revenue. In this regard, it becomes quite crucial and important for the organisations to effectively manage and utilise the various resources in an efficient manner for maintaining the economies of scale in their respective operations. In the current scenario of increasing level of globalisation and business market competition, the organisations tend to effective manage their internal practice and desire to provide exceptional products and/or services in the dynamic business environment. This particular scenario has certainly led the organisations to carry out their different activities in a well and integrated manner with forming as well as preserving well-built contractual relationship amid the workforce. The performance of any business is highly dependent on how efficiently the organisations are involved in producing goods and/or services to satisfy the customers. Thus, placing required number of workforce does not led towards ensuring the succession of the business (Saks, 2010). In relation to the above context, the workforce should remain efficient in terms of their skills and necessary responsibilities that have been assigned to them. In this regard, appropriate and regular training along with development are necessary.

Perspectives on Macroeconomics Assignment Example | Topics and Well Written Essays - 1000 words

Perspectives on Macroeconomics - Assignment Example First, the Greece government is responsible for allowing a weak political system that resulted to the mismanagement of domestic economy thereby contributing to the additional government debt at an incredible rate (Georgios, 2010). Compared to other Eurozone economies, this debt rate was very high. Secondly, the financial market especially the credit rating agencies were myopic in their prediction of the US sub-prime mortgage loan crisis of 2007. Consequently, the attempts to unveil potential sovereign debt crisis led to an overreaction and the country’s large budget deficits made the economy a target. Lastly, there was a fair part of the blame on the delayed reaction of the European Central Bank by the Eurozone governments particularly Germany (Georgios, 2010). Based on history, financial crisis tends to result to sharp downturns economically, low revenues for the government, government deficits that keep widening, high debts levels, and the pushing of government into defaults (OECD, 2013). A recession also results to high unemployment levels, falling average incomes and increased inequality. In the course of a recession, there is a fall in GDP that results to increased unemployment. Unemployment is attributed to firms going bankrupt hence most workers losing their jobs, and firms failure to hire new employees in the aim of reducing costs. In addition to not hiring new employees and reducing the number of employees, recession forces organizations to reduce costs which then translate to low wages especially the temporary workers (OECD, 2013). Reduction of costs amongst firms is also as a result of high costs of living that see most workers have their real wages cut. Fall in tax revenue is also another result of recession since firms make le ss profit that translates to low corporate tax; employees receive low income that result to lowered income tax; and lower expenditure result to lower VAT payments. Lower VAT payments were experienced in Greece during 2011