The impact of minimum wage on the level of employment and inflation in an economy

Dollars in a wallet - minimum wage

The Minimum Wages (MW) were practically executed at the start of the 19th century. According to the IMF working paper, currently, 90% of all countries and their governments have legalized the laws for MW within their economies. However, the fundamentals to define their roles in all countries varies i.e. in most of the Developed Countries (DCs) the MW is set on an hourly basis and in ‘under’ or ‘Less Developed Countries (LDCs)’ it is set on a monthly basis for all workers. The minimum wage is the lowest possible wage…

Tips to Write a Successful Grant Proposal

Grant Proposal is a direct record kept in touch with a specific association or financing agency determined to convince the analysts to furnish you with help. For an effective grant proposal, your message, yet additionally the way that you compose secures extraordinary significance. Although an elegantly composed proposal can’t guarantee a positive outcome, an inadequately thought of one might lessen your conceivable outcomes of getting financing. Keep the rules from the particular call with respect to arranging, textual styles, references, use of figures, page and word limits, and so forth.…

Successful Strategies used by leading French Brands

Most of the French brands have faced certain challenges in order to survive in the French market. Following are the brands that adopted several different strategies which made them successful in the market. Hermes Paris is ranked the world’s most luxury brand which manufactures luxury goods. The brand has achieved iconic status in luxury goods and its product range includes leather goods, accessories, furniture, fragrances, watches, jewellery etc. However, Hermes’ brand strategy is consistent and revolves around several components. Creativity Every year the company provides a theme to their designers…

How Taylor’s Principles Of Scientific Management Can Help Your Business Succeed

Principles Of Scientific Management

In 1911, Frederick Winslow Taylor published his now-famous book, “The Principles of Scientific Management.” The book is a detailed examination of how scientific management can be used in businesses to increase efficiency, productivity and profits. Taylor’s principles of scientific management are still relevant and applicable today. They include the concepts of division of labour, standardisation and the use of time and motion studies. By following these principles, businesses can improve their operations and become more profitable. Outline 1. Introduction 2. What is Taylor’s Principles of Scientific Management? 3. How can…

Creativity is an art

Creativity is an art, that is often misunderstood. Many people think that it is something that you are born with or that you cannot learn. However, this is not the case. Creativity is something that you can definitely learn and improve on. There are a few things that you can do in order to increase your creativity. First, understand things deeply. This means that you have to be able to understand what is happening inside of yourself and your mind. You also need to be able to think outside the…

Why You should need to look for launching A Microstartup

Why you should need Microstartup Gofrixty Post

Is this year a biggening of the great future of startups? It’s always been the great future of startups and always will be. For anyone who wants to start their own business, the time is now. There are more resources than ever before and the barriers to entry are lower than ever. There are also more opportunities knocking at the door. Before going any further, first, we need to understand the nature and philosophy behind Microstartup. What is Microstarup? Why you should need to look for Microstartup? What is Microstartup?…

Red ocean vs blue ocean strategy – The case of ASOS Plc UK

red ocean vs blue ocean strategy

ASOS is a private limited company registered in the United Kingdom and mainly deals in fashion and designing for both males and females.  It was founded in 2000 by Icelandic entrepreneur and CEO Nick Robertson. According to the company website, ASOS Plc is headquartered in London, with stores across the United Kingdom and internationally. The company’s strategy is based on what it calls “the red ocean” (vs “the blue ocean”), which refers to the idea that there are two types of oceans: the red ocean, where companies struggle to survive…

A good and a bad leader at workplace

a good and a bad leader shown by lines on a road

The definition of leadership  qualities I found was “A leader is a person who influences others to accomplish the group’s goals.” The definition of leadership qualities in my opinion is both positive and negative. Positive leadership quality is being a role model, knowing how to get the group together and working for one goal. A negative leadership quality would be not letting anyone else’s opinion or idea into your life plan. I think that all leaders should try their very best to lead others positively by being good at communication…

Consumer buying behaviour | Collaborative Activity

consumer buying behaviour collaborative activity

Consumer buying behaviour | Products! Whether it is a book, DVD, a video game, clothes, furniture, food & drinks and even a car, these products are more than just material possessions or tools we own but rather is an extension of self. They are what identifies me and others, who I am, who I want to be and where I belong. Marketing professionals, therefore, endeavour to better their chances by creating and advertising products that contribute to one’s unique identity. For this reason, the study of consumer behaviour is important…

Factors influencing my buying behaviour & Black Box | Initial post

Factors influencing buying behaviour

Factors influencing buying behaviour | In this post, I will discuss the personal and psychological factors that have a significant influence on my buying behaviour. Having analysed my recent and planned purchases, the personal factor is the factor that has driven me in my buying decisions. The purchase I will focus on is a pair of Pandora earrings. Personal factors & Buying Behaviour There are sub-factors in the list of the personality factors influencing buying behaviour. These are discussed as follows. Age and life-cycle stage  I am at an age that I…