¶ … Bigger Budget
To remain relevant in today's highly competitive business environment, entities must be ready to take decisive steps aimed at enhancing their competitiveness. For instance, a firm may seek to replace its existing management with a more experienced or knowledgeable cast of leaders. In my opinion, I am convinced that a bigger budget would be in the best interests of the company I work for.
Why a Bigger Budget is in the Best Interests of the Firm
It is important to note from the onset that in my view, the future progress and competitiveness of the company I work for will be hinged on three main factors. These factors include new technology, continuous improvement as well as research and development initiatives. However, all these factors are in one way or the other capital intensive thus the need for a bigger budget allocation. To get a better understanding of the need for a bigger budget, we need to look at each factor in isolation and its budget needs.
To begin with, the relevance of embracing emerging technology amongst firms operating in the global arena cannot be overstated. However, as Pride, Hughes and Kapoor (2011) note, though automation has a low operating cost, its initial acquisition cost could be relatively high. In that regard, the acquisition of new technology in the case of the company I work for could end up being capital intensive hence effectively calling for a higher budgetary allocation....
Today, China owns the majority of U.S. debt, thereby inflating the Yuan and further downgrading the security of the dollar across the globe. These trends mean that American taxpayer money will increasingly be used to benefit foreign governments, leaving even fewer resources available for American citizens. A smaller, more efficient government is clearly needed, but in order to reduce government growth, a grassroots effort needs to be created to
Rank VI personnel: senior technician; supervisory staff, chief technician, assistant to specialists, 1 senior secretary, graduate trainee. Rank VII personnel Senior clerical staff technician senior clerk, senior switchboard, security supervisor. A junior trainee mgrs. Keeping only Sr. switchboard, Jr. trainee mgrs Skilled grade: craftspersons salaries clerk computer operator security men. Keeping 1 craftsperson, salaries clerk, and 3 security guards Semi-Skilled Grade: general driver general clerk typist/receptionists. Entertainment and publicity budget Limited events with volunteer help, donated food, drink and entertainment Total Employees Before = 55) After cuts) 34 Total
New Jersey's Budget Crisis Matt Bai and David Leonhardt agree that the rising cost of state government and the lack of fiscal restraint on the part of local and state government leaders has lead us to the budget crisis that many states are facing in these uncertain economic times. There are three lessons to be learned from these two articles; local and state governments need to become more efficient, contracts negotiated
Briefing Note The recent economic climate has been a challenge in all sectors of life, including the health care sector. The purpose of this document is therefore to propose a 10% budget cut for health care in the province, based on the fact that severe economic circumstances have necessitated a lower allocation of government funding for this purpose. The question and focus for this briefing note is therefore: How can we
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There are some papers that are to be released and referred to by her in the above article. In the first of those papers, the belief is that the present result of the aptitude tests of the teachers today is the same as was the case a generation earlier, but the best among them are not likely to become teachers. In the second paper, the result shows that the
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