Vertical and Horizontal Integration

It is the goal of any business to be profitable and sustainable in the short-run and in the long run. To achieve this, many firms come up with a number of methods and strategies that tend to utilize their resources and capabilities in an effective and efficient manner. As a result, such organizations tend to become market leaders and command a large market share in their respective industries.Advertising We will write a custom essay sample on Vertical and Horizontal Integration specifically for you for only $16.05 $11/page Learn More Vertical and horizontal integration are amongst the most used methods in ensuring that companies have a competitive advantage over their rivals. These methods are therefore grand strategies that aim at giving companies the right direction in terms of their running, operations and management. Through their application, companies have the chance to have a competitive advantage over their rivals and command a large market share . Horizontal integration is the process through which firms in the same industry and similar level of production merge to jointly produce goods and services. This joint operation normally tends to reduce production and operating costs. As a result, such firms tend to produce their goods and services at a cheaper price as compared to other individual companies who undertake the whole process of production on their own. To stand on a stronger base, firms that decide to adopt this strategy should be experts in their respective fields. Through horizontal integration, firms are able to exploit the economies of scale to their advantage. This is because they incur costs jointly. Examples of costs that firms are able to incur jointly include transpiration, warehousing, advertising, selling and distributions, purchase of raw materials and labour costs. Such companies will thus produce their goods and services at a cheaper price as compared to their rivals. Due to this fact, they will stand a chance of sell their goods at a lower price as compared to other firms in the market. This will in turn increase their market share. As a result, such companies will have a competitive advantage in their industries. In addition, through merging up, companies that have adopted this strategy will enjoy the privileges of monopoly. The entry of new firms into the market will be difficult due to the high market share that they hold.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In the motor industry, Volkswagen is a company that has benefited greatly from horizontal integration. The company merged with Skoda to manufacture vehicles. Their main target group were the members of the middle and lower classes of the society. Through their expertise, they were able to manufacture cheap and efficient cars that are desirable for individuals of these classes. At the present moment, Volkswagen is in th e process of merging up with Porsche to produce luxurious cars for the individuals of the upper class. Once this is in place, Volkswagen will have a large market share in the motor vehicle industry in Europe by having cars that meet the needs of all individuals in the society. As a result, the company will have a competitive advantage over other companies that target a specific class in the society. Vertical stratification is also another grand strategy that can enable firms to have a competitive advantage and command a large market share. This method is achieved by the acquisition of suppliers or consumers in a market by a firm. This strategy has the following options: Forward integrations Backwards integration Full integration Taper integration In forward integration, a firm acquires a company whose level of production is in a later stage while in backward integration, a firm acquires a company whose level of production is in an earlier stage. In full integration, a firm control s all the activities of manufacturing a product. In taper integration, on the other hand, a firm manufactures goods and services by merging with suppliers of raw materials and distributors of the products. Using the concept of vertical integration brings about a number of benefits within an organization. This concept tends to reduce costs, improve the efficiency of production and improve on the quality and quantity of the product. These facts are essential in ensuring that companies have a competitive advantage over their rivals. Porters Grand Strategies There are several factors that affect the manner in which firms operate within their respective industries and the profitability they enjoy. The attractiveness that a firm has in the industry in which it is operating is a primary factor in the determination of the profitability that the firm will enjoy.Advertising We will write a custom essay sample on Vertical and Horizontal Integration specifically for you for only $16.05 $11/page Learn More The position that a business holds within the industry is an operating in acts as a secondary factor (Quick MBA, 2011). Therefore, a firm may be in a state of earning profits that are below average but due to its strategic positioning it still earns high returns. According to Michael Porter, a firm positioning depends on the manner in which it is utilizing its strengths (Quick MBA, 2011). The strengths of a firm depend on whether a firm wants to cost conscious or differently from its rivals. While a firm is operating on a broad or narrow scale, it can achieve this either through cost leadership, differentiation or focus (Quick MBA, 2011). The following graph shows Porters grand strategy model. Using the cost leadership strategy, a firm will focus on reducing its cost of production. To achieve this, a firm may seek cheaper raw materials, use the most efficient methods of production or reduce its labour costs. As a result therefore, the avera ge cost of production per unit will be reduced. Such a company may sell its goods and services at the average market price or below the market price. Selling the goods at the market price will ensure that the company earns more profits as compared to its rivals. On the other hand, selling the goods below the market price will reduce the revenue of the company but will earn it market share. For this strategy to be successful, a company needs to have a lot of capital, expertise, skills and efficient channels for marketing and distribution of its products (Quick MBA, 2011). IKEA is one of the companies that use this technique. Since its incorporation, the company has been coming up with means of reducing its production costs in order to reduce the prices of its commodities. The strategy has been successful since IKEA has grown to become one of the leading furniture manufacturing and retailing companies in the world. This strategy has its own risks.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Other firms may also decide to lower down the costs of their goods and services. Technological advancements also lead to the formulation of more efficient methods of production that reduce costs and increase the quantity of production. Other firms may also decide to target narrow markets. All these factors will reduce the competitive advantage that a firm had gained as a result of using this strategy. To build on its strengths, a firm may also adopt the differentiation strategy. While using this strategy, a firm will try to have a competitive advantage by producing goods that are different or unique as compared to the ones that are currently in the market. These new version or types of goods should suit the needs and requirements of consumers in a better way as compared to the goods that are currently present in the market. As a result, many customers will prefer the new version of the goods and services that are produced by the firm. This will in turn increase the demand for the go od and consumers they may become loyal to the product and the brand. In addition, they may recommend it to other individuals. This will in turn increase the market share of the firm in the industry. In addition, the company will have a competitive advantage over its rivals. To achieve this, a firm must be innovative and invest on research. It must also have a skilled and innovative team and must use brilliant marketing techniques to reach its target group. Imitations from rivals coupled with changes in consumer tastes and preferences are the main risks to this strategy. A firm that adopts the focus strategy is one that operates within a narrow range of the market. Due to this fact, such firms would like to achieve a mix of differentiation and cost advantage. To achieve this, a firm normally identifies a specific target group in the market and produces goods and services that meet their specific needs. Due to this fact, such firms are able to satisfy the needs of their customers and earn consumer loyalty. It will therefore be difficult for new firms to enter into this market due to the brand loyalty that the target group has for the firm. Firms operating in such markets may also sell their goods at high prices since they do not have close substitutes. However, there are some risks that are involved. These include changes in consumers tastes and preferences and imitations. Other firms may also focus on a section of this target market and supply them with a good that is of a better quality. Reference Quick MBA, n.d, Porter’s Generic Strategies. Available at:Â  http://www.quickmba.com/strategy/generic.shtml This essay on Vertical and Horizontal Integration was written and submitted by user Al1a to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

King Alfred the Great essays

King Alfred the Great essays King Alfred the Great (871-899) was one of the best kings ever to rule. He defended his kingdom from Viking raids, enacted a code of laws, and helped to give rebirth to religious and scholarly activity. During Alfreds reign, he demonstrated military and strategic skills, sound authority and the capability to inspire men and plan for the future, great devotion to the support of religion, personal scholarship and the promotion of education. King Alfred was born in 849 AD at Wantage, Berkshire. Aethelwulf, the King of Wessex and Alfreds father, had four sons and one daughter. Alfred was the youngest of the four other children. At the age of four, Alfred had the desire to become a monk. As a result, his father sends him to accompany Pope Leo IV in Rome. Alfred would go to Rome again with his father in 855 on a pilgrimage. In 858, Aethelwulf dies, leaving Wessex to be governed by his three other brothers, Ethelbald, Ethelbert, and Elthred. (Alfred the Great) In 865 a "great heathen army" (Alfred the Great) arrived in England seizing a dispute in Northumbria in order to control the divided kingdom. By 870, the army had built multiple roads into Mercia, subdued East Anglia, and killed its king Edmund. By 871, the heathens joined forces with another army from overseas, and began to attack Wessex. In return, the West-Saxons and the Mercians combine forces and attack the Danes. The only way for Alfred to get the Danes to submit to peace was to pay them a large sum of money. In 868, Alfred marries Ealhswith, the daughter of Aelthelred Mucill. Ealhswith was the granddaughter of a past King of Mercia. Alfred would not ascend to the throne until the death of his brother Elthred, in Easter of 871. (Alfred the Great) Now that Alfred is King of Wessex, he must protect his insecure kingdom from invasion. The Danes would attack the West-Saxons again in 875. But this time Alfred did not pay them for ...

Asnwer all the questions on the paper after reading and watching some Essay

Asnwer all the questions on the paper after reading and watching some materials - Essay Example As explained in Genesis 11:9 from the Bible where the title was drawn, Babel is where God confused the people who once had one language. In the entirety of the movie, confusions abound, a fact that one cannot deny is in abundance in lives around the world regardless of age, status, gender, education or political beliefs and affiliations. Richard and Susan, the couple who went on vacation to Morocco, trying to mend the damages their loss of their child brought to their marriage show many symbolisms in their character. For instance, in their attempt to get over the loss of their child, one would wonder why they chose Morocco. Whether it was planned well or not is not the issue, but the message the director wanted to send to viewers. One hypothesis could be the intensity of the emotions of the couple which they were not able to express, could be well displayed in their choice of place. It could also symbolize the state they are in, with their love for each other still hot however is drying out because of the confusions they are going through with the loss of their child. Their choice could also be interpreted in accordance to general observations that, when a person is troubled, he usually makes hasty decisions which usually leads to more problems. The character of Chieko, the deaf Japanese girl who was encountering problems regarding growing up in addition to the loss of her mother represents the vulnerable, usually misunderstood and abused in their weaknesses. The usual uniform of Japanese students is one of the symbolisms that was misconstrued, being short enough to show the form of the user. It has been taken as a sexual invitation when the young girl was still innocent about such matters. This could draw one’s attention to avoid stereotyping rather understanding customs and traditions before drawing conclusions. Facial expressions

'Economic development is a prerequisite to democratisation.' Discuss Essay

'Economic development is a prerequisite to democratisation.' Discuss - Essay Example Southern Europe became the first continent to experience the rapid political transformation in mid 1970s. It later spread to the Latin America and some specific parts of Asia in 1980s. Finally, in the late 1980s and even in the early 1990s, it moved to the Soviet Union, Eastern Europe and some specific parts in the sub- Saharan Africa. In some countries, democratization is known to have a strong impulse, while in other countries it is considered as a weaker impulse or does not even exist. In addition, it has also been revealed that government and politics democratic forms have been common in some specific parts of the world and less in others. In conducting analysis, various individuals have applied the measures of democracy and development, which are different. This has led to several crucial questions that concerns democracy consequences, emergence, and maintenance being handled. Many different scholars have been committed in analyzing democracy economic requisites. This took place during Lipset (1959) early work. He stated that the chances of democracy being sustained are more likely when a country is a more well-to-do. Regardless of how democracy is measured and when used, the relationship between the democracy and the improved levels of economic development remains to be important and irrefutable. The outcome of this various findings is the weak claim of economic development and democracy just being associated with each other. On the other hand, strong claim has been established that economic development brings about democracy. This results in recognition of endogenous and exogenous theories. The relationship between democracy and economic development is the major existing argument. In this argument, endogenous and exogenous theory differences are examined. In the endogenous theory, democracy is described as being economic development function. According to this theory, development in poor countries increases the chances for democratic transition. The fact ors contributing to this include the increase in the number of middle class who are enlightened, changes in the land, income, and capital relative distribution. On the other hand, exogenous theory opposes this; they insist that democracy does not result from development. According to exogenous theory, longevity of democracy is maintained by the economic development. However, the theory suggests that from the authoritarian rule, the transition to democracy is exogenous to development. This theory suggests that democracy is established with the aid of different factors that are considered as being external to economic development processes. These factors include, elites in authoritarian regimes interacting strategically and relative power alterations, elites who are in the regime and those who are in the opposition having strategic interaction, and individual rights of citizenship being mobilized socially. In addition to this are international factors that are significant. These inclu de diffusion, contagion, coercion, and even globalization. These exogenous explanations does not dismiss the existence of economic development, instead the argument is that in countries with high level of development establishment of democracy collapses. This way the process of democratization is just supported by economic development and not determine by it. In exogenous explanations, economic development is critically handled. It considers that once established, democracy continues in a country. The determining factor here is the economic

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

Expansion and Merger - Research Paper Example The laws relating to merger as embodied in sections 391 to 396 of the companies Act, 1956 enable the government to oversee if the companies in need of merger follow procedures and requirements necessary for merger as consideration of the tribunal (Wilson, 2011). Another reason why the government need to regulate market during a merger is because, it is the government’s duty to oversee whether the management of the target merging firm can secure itself form hostile and harsh takeover through a number of various financial as well as legal defenses. The need for government regulation in this case serves as a law that tends to be deferential to defenses for as long as the target the target company does not act primarily to preserve its own position. The government becomes skeptical during a merger since the management of a target company subject for acquisition may negatively affect the society if employees of this company lose their jobs as this increase the percentage of the une mployed in a country. In the United States, the rationale for government intervention is helping in assessing those mergers based on hubris and power without accounting for consequences involved (Burge, 2008). Consequently, the government is now able, with the help of defense laws, to facilitate majority of mergers rendering transactions friendly and negotiable. Hence, preserving and accounting for interests of parties involved by following the rule of law to the latter. Furthermore, the government intervention in the market process remains justified since it ensures that the combined size of the new corporation cannot monopolize power rendering the merger unlawful. Another rationale for government market intervention is that it regulates purchasing power of companies. In this situation, the law offers tender protocols that require whoever is purchasing anything beyond 5 percent of company’s shares to identify him or herself, make particular public disclosures, and announce t he reason for the share purchase and any terms and conditions of the tender offer. When companies decide to work on self-expansion, complexities regarding things like capital arise. Subsequently, business expansion or growth is a stage in the life of a company that is fraught with not only opportunities, but also perils. In addition, business expansion carries with it a corresponding increase in financial fortunes for owners and employees as well. When intended companies fail to merger due to unavoidable circumstances and at the same time decide on expanding on its own, it requires additional financing. Getting the extra capital for expansion may prove to be a hard task since small businesses planning to expand encounter drawbacks that make them vulnerable to market strategies that renders small businesses inadequate for advantageous terms available in the capita market. Another complexity associated with capital projects that is likely to rise is unbalanced sales revenue. In some b usinesses, stakeholders expect to see growth in value of company’s stock. Nevertheless, due to unpredicted downward growth in the trend market share, amount of revenue obtained from sales deteriorate causing the company to face difficulties while in its plans of expansion. Additionally, at times of expansion, companies face more complexities pertaining to capital projects, as the firm requires more room for expansion. Raising extra capital to buy land for firm’

Effect of Globalisation on Inflation

Effect of Globalisation on Inflation Contents list (jump to) Introduction Body Content Globalization Discourage Inflation? How does Globalisation discourage inflation in OECD countries? Globalization Encourage inflation? How Does Globalization Affect China Inflation? Conclusion Appendix (1) Appendix (2) Bibliography Introduction In this advancement era, communicating and sharing of cultures between countries has become much easier. Not only that, good and services can be consumed by country that are not being produced within the country. For example, in countries that have two good or services only, country will be producing good that they are good at producing in term of comparative advantages or even through theory of abundant factor of production. This mean, country will export the good that they are good at producing and importing good that they are poor at producing. Globalization makes import and export between countries possible. What is globalization? According to BBC, globalization is process by which the world is becoming more interconnected as compared to before. This is because; globalization is the mean of the worldwide movement toward integration in term of economic, financial, trade and also communication. The history of Globalization has begun century ago, however, different economics, have different opinion on when globalization actually begin. Some economics that agree with Adam smith, believe that globalization happen on two most important events that is being recorded in the history. The two major event that are related to globalization is significantly dated in 1492 in event of Christopher Colombus stumbles on the Americas in search of spices and 1498 in event of Vasco da Gama makes an end run around Africa and snatched monopoly rents away from the Arab and Venetian spice trader (Kevin H.ORourke, 2000). Some economics like Andre Gunder Franks believe that globalization begins only from 1500 onward and economics such as Jerry Bentley argues that globalization begin even before 1500. A test was being carried out to test the globalization impact on economic. The test looks at the connection between factor price, commodity price and endowment worldwide. However, in the year 1492 and 1498, there is no evidence showing that globalization occurs in the two year. Only in the 19th century, there is abundant of evidence support that in this century, a big globalization bang has occurred. (Kevin H.ORourke, Abstract, 2000). The reason for globalization to occur in a large scale is because the advancement of transportation, technology and reduction of tariff. With the advancement of transport such as containerisation have make transportation of good from one nation to another nation much more efficient and also cheaper. Containerisation is the use of common size of container to transport good from one nation to another nation. In addition, advancement of technology such as internet has contributed highly to sharing of information and also enables people to communicate around the world. Tariff is used to increase the price of the imported good. With the support of World Trade Organization (WTO), who aims is to encourage country to trade in a free trade barrier environment. With the reduction of tariff, people will be able to consume more of foreign produced goods and services. Other than that, mobility of capital and labour also contributed largely to the globalization era that we are facing in today worl d. Many countries have tried many ways to control their inflation. This is because, if inflation is too high, the cost of living of a nation will be high, and eventually affecting it standard of living to fall. Inflation refers to the rate at which price level of general good and services is rising. With the raise of price level of good and services in a country, purchasing power of consumer in the nation itself will fall. Inflation rate is being measured by percentage change in Consumer Price Index (CPI) . Consumer price index is the weighted average of good and services that are being purchased by a typical household. Some cause of inflation is the market power, demand pull .asset market boom and shock supply (T.Harvey, 2011). One of the examples is that during an economic expansion, household will have surplus of money. With this abundant of money, household will increase their demand of good and services. Thus, in response toward the increase in demand for goods and services, firm w ill have to increase the price of good and services to reduce the demand. This increase in price level in response of high demand is an example of inflation The main question now is does globalization affect inflation? Many economics hold different perspective about globalization and inflation. There are also various opinions in regard of inflation and globalization. Some economists say that globalization will encourage inflation to rise, while other economics have contrary view about inflation and globalization. Therefore, we are going to examine whether or not globalization has an impact of the nation inflation. Body Content Globalization Discourage Inflation? Economist Richard Fisher and W.Michael Cox of Dallas Federal Reserve have discovered that â€Å"the more globalized a country is, they tend to pursue policy that achieve faster economic growth, lower inflation, higher income and greater economic freedom† (COX, 2006). Meanwhile countries that are less globalized tend to pursue policies that interfere with the market and will eventually lead the country into stagnation, inflation and diminished competitiveness. Country that are more globalized are able to experience faster economic growth because, they focus mainly on producing good that they are able to produce with a lower cost of production. This mean that all globalized country will be producing more of good that they are producing at a lower cost and produce less of good that they are producing at a higher cost. By doing so, country will experience a surplus of good that they are producing more and shortage of good that they are producing less. Therefore, country will impor t good that they experiencing shortage and exporting good that they are experience a surplus. This specialisation will enable firm to experience a lower average cost or production and consumer to experience a lower price. As the price of good decreases, it means that the inflation rate have decreases. â€Å"The consequent significant additions to world production and trade have clearly put downward pressure on the domestic price† (Greenspan, 2004). How does Globalisation discourage inflation in OECD countries? A research has been conducted on the OECD countries regarding the impact that globalization has on inflation. The research included a sample of 22 OECD countries that consist of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, UK, and the USA. The research uses KOF-index as a measurement of globalization which cover the economics and social and political dimension of globalization as proxies for globalization and simple average inflation as a measurement of inflation (Pehnelt, 2007). The result has shown that (Appendix 1) that as the KOF index increases, the inflation rate has decreases. There are several reasons that have contributed to this negative relationship between inflation and globalization which are the import price effect, global competition effect, labour market effect and so on. The import price effect is one of the factors that has contributed to the result that KOF index and Inflation are negatively related. With globalization, comparative advantage and also economics of scale can be achieved. This is because, integration of low income into the world economy and also the enhancement of division of labour. There is two function of import price in a globalized economy is that it have direct influence over inflation and also can be used to determine the domestic price of good and services. In the particular sector, the downward pressure of import price can influence the domestic inflation by lowering them down. As the import price fall, it will also have a direct impact on the fall in the consumer price which is proportion to the share of import in the actual consumption basket. Since imported good are being used as a substituted for domestic product. Therefore, when imported price decreases, it will eventually cause the overall inflation rate in the country to fall as well. Another reason that affects the KOF index to have a negative effect with inflation is because of the global competition effect. In general global competition refer to the good and services that are being provided by competing companies to serve international customers. With a higher import penetration, OECD countries have experience enhanced competition in their country. When a country has experience an enhanced competition that result from higher import penetration, it will limit the monopoly power of its domestic producer. This causes, domestic producer to be unable to increase the price of good even if the domestic demand increases or even cost of production increases. It means that as country experiencing an economic integration, respective country will be experiencing a higher price elasticity of demand. This causes domestic firm to reduce their mark-up price. Since it is an elastic demand curve, by reducing the mark-up price will induce more customers to purchase the good. This is because, in an elastic demand curve, a percent decrease in price will induce more than a percent increase in the quantity demand in the economic. However, the size of reduction in mark-up price is depending on the intensity of the foreign competition. The more open an economy is , the higher the competitive pressure it put on the domestic producer. Other than that, labour market effect also plays a role in the negative relationship between globalization and also inflation. With the integration of huge developing and newly industrialized countries into the global economy, it has put a downward pressure on the wage rate in OECD countries in certain sector. This is because as more country enters the global world, the supply of labour in the labour market will increase and it wills eventually causes the economy to experience a decrease in the wage rate of worker. With a lower cost of production, it will cause the production of good to be produced at a cheaper cost. Thus, as the cost of production decrease, it mean that price of imported product will decrease. Therefore, it shows that as a country becomes more globalized, the country will experience a fall in product price in certain sector. Globalization Encourage inflation? According to the Globalization Hypothesis (GH), it stated that the internationalization of the good and financial market has led to the increase of the dependence of the national macroeconomics outcome which is inflation rates and business cycle on the international factor (Francesco Bianchi, 2013). Not only that, Economics Ben Bernanke said that When the offsetting effects of globalization on the prices ofmanufactured imports and on energy and commodity prices are considered together, there seems to be little basis for concluding that globalization overall has significantly reduced inflation, said Bernanke. Indeed, the opposite may be true. (Chen, 2007) How Does Globalization Affect China Inflation? In the year 2006, China has experience an increase of 30% in the price level or energy metal and agricultural product. The reason for the raise in the commodity price of good in China is because of the raise in the demand for commodity in the growing of world economy. Not only that, As time goes on , Chinese are becoming more richer and the middle class citizen are growing . This show that the demand for food and food related product will increase. However, the supply of food has fall due to the development of housing and commercial on the arable land. Arable land is land that is suitable for the growing of crops. Thus with arable land being used as a housing area , the supply of food for China has decreases. With globalization, the change in the use of land and also increasing demand could result in a higher structural increase in the food price. Not only that the stagnant of the supply of commodities create an even greater world demand for product and may result in a even higher pr ice increase. As show in the in appendix 2, it indicates that as years pass, the entire commodities price in the world has increases dramatically. Conclusion In conclusion, Globalization may have some impact on inflation. However, there is still having on-going debate that globalization will cause inflation to rise. While other economics supports that globalization may discourage inflation rate to rise. As shown, OECD countries experience a decrease in the inflation rate when they are having a high openness to trade. However country like China have experience an increase in the price of commodity such as oil price and food price when there is globalization. Appendix (1) Appendix (2) Bibliography Braeuninger, D. (2008, Feburary 6). Has Globalization Deepend Inequality. Retrieved April 20, 2014, from Yaleglobal Online: http://yaleglobal.yale.edu/content/has-globalization-deepened-inequality Chen, C. T. (2007, 03 3). Bernanke Says Globalization May Push Inflation Higher. Retrieved 04 20, 2014, from Bloomberg: http://www.bloomberg.com/apps/news?pid=newsarchivesid=ax2XxQsuANu8 COX, R. W. (2006, april 10). Globalizing Good Government. Retrieved april 20, 2014, from The New Yourk Times: http://www.nytimes.com/2006/04/10/opinion/10cox.html?_r=0 Francesco Bianchi, A. C. (2013). Introdcution. Globalization and Inflation: Structural Evidence from a Time, 1. Greenspan, C. A. (2004, May 6). Globalization and innovations. Retrieved April 20, 2014, from Federal Reserve Board: http://www.federalreserve.gov/boarddocs/speeches/2004/200405062/ Kevin H.ORourke, J. G. (2000). Abstract. When did globalization begin ?, ii. Kevin H.ORourke, J. G. (2000). Globalization and World History. When did globalization begin ?, 1-2. Pehnelt, G. (2007). THE EFFECTS OF GLOBALISATION ON INFLATION. Globalisation and Inflation in OECD Countries, 4. T.Harvey, J. (2011, May 30). What Atcually Causes Inflation. Retrieved April 20, 2014, from Forbes: http://www.forbes.com/sites/johntharvey/2011/05/30/what-actually-causes-inflation/2/

Educational Philosophy :: Education Teaching Learning Classroom Essays

Educational Philosophy Education is the key to opening many opportunities in ones lifetime. People can learn, grow, and dream through education and its recourses. Many opportunities are because of education and the educational system in America. I have always enjoyed education and going to school. I am interested in chemistry and enjoy working with the science subjects. Chemistry is something that I like to share with others. Children need the guidance and information that education provides. I want to make a difference in a child’s life and show them that a hard subject such as chemistry can still be fun. My classroom is going to be very organized and mostly of a traditional style. The seating should be in rows on one side of the room, closest to the chalkboard, for when working problems or teaching. The other side of the classroom in lines will probably be lab desks and lab equipment. Hopefully there will be a separate room for storage of chemicals and the larger scale equipment. All of my bulletin boards will be covered with information relating to the subject area. Supplemental materials and projects will go hand in hand in studying labs for chemistry. Safety equipment will also be easily accessible from anywhere in the classroom. I feel a teacher should have enough authority in a classroom to be respected but not feared. I feel when teachers intimidate students then they have taken their authority too far. This factor can lead in to discipline and teaching, leadership styles. If a teacher is respected in the classroom then discipline will not be a major problem. As far as teaching and leadership styles I want to be new to the students, like no other teacher they have ever had before. I want them to be as excited about science as I am. I hope to remain traditional as far as standards and values, yet exciting and attention holding as a teacher. Hopefully with the children interested in what they are learning they can be motivated by their own will as well as motivated by their teachers.