Wharton-XiaYun-essay2,3,4-0920-ec Essay Example | Topics and Well Written Essays - 1750 words

Wharton-XiaYun-essay2,3,4-0920-ec - Essay Example Our conventional approach seemed to break down as we struggled with a series of unique processes and requirements. For supply chain management, an important function in any enterprise, I found not even one division that could act as a stakeholder to initiate the change in the organization. How to overcome this challenge? It seemed impossible to change the culture, mindset, and management of a firm of this magnitude in such a short time. We had to go back to the drawing board to the rethink our approach. I needed to act fast, but without taking any drastic step that would disrupt the situation and jeopardize the progress of the project itself. I needed to â€Å"reset the execution context†. I realized that it was a large community of people with different backgrounds and I should be cautious about the impact of a major cultural change on these people. Keeping that in mind, I decided that instead of trying to sweep changes into divisions as a whole, we needed to take it from the grass root level upwards and take the people into our confidence. We analyzed the firm’s processes further, drilling down to basic elements that could be benchmarked, and broke best practices into smaller solutions that could be executed quickly without major disruption. These small positive results created a confidence for the client in our team. Then we began to implement more advanced supply chain practices, setting forth a path away from the traditional logistics-based thinking. Although we could not yet reform the organizational structure, we could gather support to change the prevailing mindset and that helped accelerate the progress of the project. Then we met the client’s mid-level management and had much less trouble, creating consensus, as â€Å"change† now seemed less threatening. The impressive results we delivered, won their confidence. With the newfound enthusiasm in the decision makers, I had little trouble presenting and convincing them,

Unites States current macroeconomic status Research Paper

Unites States current macroeconomic status - Research Paper Example to zero and in effect risk inflation or raise interest rates in the near future to increase the economys productive capacity (productivity) but at the risk of furthering its recessionary tendencies or forces. The Fed has tried all the monetary tools at its disposal but the economy simply would not budge. The high unemployment rate fell from a high of 9.5% (14 million jobless) to about 9.0% (12.8 million out of work) in December of last year. It further improved to only 8.3% unemployed in February this year, with 227,000 non-farm payroll jobs added (Bureau of Labor Statistics, 2012, p. 1). Most of the new jobs were in professional and business services, health care, hospitality, mining, leisure and manufacturing. A fiscal policy the government is pursuing right now is the signing into law the JOBS Act (or Jumpstart our Business Startups) which is a fancy name for incentives intended for small businesses to more easily raise capital through crowdsourcing (Futrelle, 2012, p. 1) as it en deavors to clear away red tape and hopefully create more new jobs in the process. The Fed is a bit apprehensive about stoking inflationary pressures but the threat of a double-dip recession is a much more real risk and so the Fed is embarking on third-part installment of its quantitative ease program (QE1 & QE2) and dubbed as â€Å"Operation Twist† to bring long-term interest rates lower, but downside is it might again lead to a moral hazard and a financial bubble (Curtin, 2011, p. 1). This monetary policy of the Fed to increase the money supply is consonant with all the other pump-priming activities of the government through its fiscal policies of reducing taxes and increased government spending for certain public infrastructure projects. However, those chronic budget deficits of state governments had nullified most of the benefits of this program, as they in effect struggled to contain their deficits from large expenditures and lowered tax revenues. This was shown in August of 2011