Global Business Environment Assignment Example | Topics and Well Written Essays - 1000 words

Global Business Environment - Assignment Example This report will look at the different measures a country can take in such instances. There is essentially no simple strategy alone to prevent recession in a country. There are a number of factor at play which further complicates the problem of recession in a country. Like after world economic crisis in 2008, country like India faced many challenges with respect to its economic policies. India has high inflation rate along with soaring high interest rate. Keeping in mind the strong fundamentals in India, RBI took a number of measures to control recession in India. RBI plays a significant role by controlling and monitoring the lending rates of scheduled commercial banks. The inflation rate in any economy is dependent on the availability of goods and services. RBI uses its monetary and credit tools to maintain the price stability in the economy and thus support the economic growth in the economy. RBI being the central bank of India, monitors, regulates and controls the entire financial system. RBI through its monetary policy regulates the issue of bank notes so as to m aintain proper liquidity in the system (Schwartz, 2010, p. 7). The monetary policy adopted by RBI can be either expansionary or contractionary in nature. RBI uses expansionary policy during deep recession. When RBI finds excess liquidity in the system, RBI uses several monitory instruments like Cash reserve ratio, Statutory Liquidity Ratio, Repo Rate, Reverse Repo rate to adjust liquidity in the economy. During deep recession, RBI needs to inject liquidity in the system so that money can flow in the system and demand improves and consequently GDP improves. For that RBI can reduce Cash reserve ratio or Statutory Liquidity Ratio. This will inject more cash in the hands of Bank which Banks can lend to the customers and inject liquidity in the system (Hershey, 2004, p. 13). The main priority should be given to small scale industries as they are the main employment

Research Paper Example | Topics and Well Written Essays - 1500 words - 3

Research Paper Example It is an undeniable fact that the world is increasingly multicultural. Due to the integrations of business and the growing globalization that defines the entire world economy, business faces a fundamental question of how they should define multiculturalism within their respective departments. The crux of this matter must necessarily be contingent upon to key factors. The first of these is with regards to what can be defined as a race and the second with what can be defined as ethnicity and culture. Although these two terms are invariably misconstrued to be one in the same, and appropriate and applicable level of understanding with respect to each of these is necessary with regards to defining an understanding the characteristics of what a truly multicultural organization must engender. Firstly, it must be understood that one of the more nebulous of the concepts which has been discussed above is necessarily that of race. Ultimately, race has been used as means of categorizing humans b y cultural, genetic, geographic, anatomical, linguistic, social, religious, or historical means (Goby, 2007). As a function of this, the very definition of race is something that sociologists and anthropologists continue to argue about. Due to the many determinants of race that exist, is oftentimes been decided that since no working and firm definition of what defines one and what defines another can readily be agreed upon, ethnicity, or the means by which an individual is defined as a result of culture and geographic origin, is a far better identifier of people. Broadly speaking, race, and racial definitions is something that the stakeholder must integrate with; whether or not they are of the opinion that such a definition is ultimately helpful. Due to the fact that the stakeholder is responsible not only for integrating directly with the society but also with explicating and defining the means by which past history has taken place and continues impact upon the stakeholders within the workplace, race is not a topic that can merely be brushed aside and deemed as a prior an unsuccessful method of grouping individuals (Pinder, 2009). The fact of the matter is that even as academia and society as a whole differs upon an approach and appreciation for such a concept, it remains incumbent upon the manager/supervisor to continue to place a level and degree of focus upon the importance that race necessarily engenders. Having a diverse representation of race within the workplace allows for the firm to be able to integrate with the perspectives and needs of an increasingly diverse consumer base (Usry & White, 2000). Moreover, by representing such a range of diversity within the firm, the multicultural aura of business and business competition will be bolstered to allow the firm to compete more effectively. Regardless of the potentially flawed an incomplete understanding and appreciation for how race impacts upon the individual and society that the workers within a parti cular industry might necessarily have, it is incumbent upon the manager/stakeholder to seek to distance himself/herself from any of these faulty pre-conceived and ultimately unscientific interpretations.