Marketing Professional Practice Essay Example | Topics and Well Written Essays - 1250 words

Marketing Professional Practice - Essay Example Moreover, Robinson notes that the ‘background information on volunteers is necessary in order to evaluate their appropriateness for a sports club’ (Robinson 2010, p.95). These issues have to be taken into consideration by HR managers in sports clubs when having to evaluate the suitability and the potentials of volunteers in regard to a particular role. In general, one of the issues that are of critical importance in regard to volunteer turnover is the budget involved. In the case under examination, even if volunteers are not compensated at the same level as ordinary employees, still the costs related to their daily involvement in the club’s activities are high, taking into consideration the club’s daily profits. Reference is made specifically to the funds required for the volunteer’s daily salary but also the funds necessary for the volunteers’ daily food and transportation from home to the club and vice versa. This cost is covered entirely by the club. Therefore, the first issue that needs to be taken into consideration when planning the exit of certain volunteers is the ability of the club to keep a particular number of volunteers. According to its current performance, the club is able to keep just the 60% of its volunteers. The interview planned for evaluating the current value of volunteers, in regard to their contribution in the club’s daily performance, should address the following issues: a) the age and demographics of volunteers; only volunteers that are required for the development of the club’s critical operations should remain in the organization; for example, younger volunteers would be more necessary compared to older volunteers, especially if the tasks involved are quite demanding in terms of physical capabilities; b) the experience of volunteers in similar tasks is important for deciding the continuation of their cooperation with the organization; for example, volunteers that have worked in s ports club should be preferred by other volunteers that do not have such experience; c) the potential acceptance of a lower salary would be also an issue that should be addressed in the interviews; volunteers that could accept a reduction of salary, even low, i.e. about 10%, would be preferred, since in this way the organization’s daily costs would be significantly decreased; of course, the other issues, addressed through the interview, should be also taken into consideration for deciding the firing of a volunteer; d) the last issue that should be necessarily addressed in the interviews would be the time constraints of volunteers, meaning especially the social life and the other activities of each volunteer; for example, volunteers that do not have a second job would be preferred compared to volunteers that have to plan their time daily for responding to the needs of two jobs. 2. Given the financial difficulty faced by many non-profit organizations today discuss the opportuni ty of using social media. How can non-profit organisations use Facebook and other social media? Social media can be used for improving the communication between organizations and their customers. In non-profit organizations, the social media can play a similar role, helping to increase trust between the organizations

Economy Essay Example | Topics and Well Written Essays - 1000 words

Economy - Essay Example Even the full restoration in the standard of gold was not able to restore the monetary policy and financial crisis occurred in every single decade, which was in 1825, 1836, 1847, 1857 and in the year 1866. This disturbance in the financial system was due to the adoption of new rule which was motivated by the idea that monetary disturbance are due to the failure of the fluctuation of mixed currency (gold and paper) at the rate it would have. It was observed that the new rule implemented seemed to be misguiding. It evoked fear that maintaining the gold standards and converting the gold into bank note alone cannot establish monetary stability unless there is a limitation imposed in the creation of notes by the banks (Rules v. Discretion, 2011). Answer 2 Inflation targeting is the policy of the central bank in which the inflation rate is estimated by the bank and then this projected rate is made public by the bank. The actual inflation is then directed towards this targeted one by using the interest rates and other monetary tools. The inflation rate and the interest rate are inversely proportional to one another.Therefore the attempt of the central bank to change the interest rate is transparent because of inflation targeting. Taylor rule on the other hand refers to monetary rules which are followed by some of the central banks, such as the US Federal bank.It forecasts how much the nominal rate must be changed by the central in order to divert from the targeted inflation rate, the actual GDP and also from the potential GDP(HETZEL, 2000). This rule has more attraction than the â€Å"Inflation targeting† because it takes into account the deviation from the actual equilibrium level such as from full employment and the inflation rate which has an overall better effect on the economy. The Taylor rule also allows the interest rate to react with the variation in the output gap. Therefore the reaction in the output gap is the reaction in the nominal interest rate. T his allows the central bank to observe the output gap for targeting the inflation policies(Inflation Targeting vs Taylor Rule, 2013). Suggestion: Taylor rule has influenced the debate on monetary policies for the last two decades. Various suggestions are made by the Federal on the basis of the Taylor rule. Federal Open Market committee in suggested that by increasing the basis points to 150, the funds rate of the Federal may be increased up to 70 percent (ILBAS, 2013). MICROECONOMICS Answer1 The statement seemed reasonable; however the idea presented in the statement is vague. The statement can be considered true if the firm is defined in term of its owner. The shareholder of any firm would be pleased with increased dividend, they are aware of the fact that the increased dividend is directly related to the increased profitability of the firm. Shareholders sometimes prefer to sacrifice the short-term profit of the firm, so that the firm may work for the acquisition of the long-term p rofit. They may let go the short term dividend of the firm, so that they may earn the long term benefits. While defining the firm in terms of the manager (decision maker), the