Strategic Management in a Global Environment Assignment - 5

Strategic Management in a Global Environment - Assignment Example The paper tells that good governance means that all the authority and power is used in the most convenient way to uplift the performance of the institution without necessarily exploiting all the stakeholders and available resources. The secret of success lies in the power of the management team to utilize the strengths, weaknesses, opportunities, and threats to place the institution in a better functioning state. Good governance provides clear direction for the business institution. Transparency, fairness, accountability, planning, monitoring, and vigilance are the main building blocks of good governance. There is increased investment, boosted investor confidence, as well as interest. There is fairness in handling all stakeholders especially when there is good governance in a company. Good governance also strengthens the competiveness of the company besides making it cruise through the constant economic crises. Another benefit is scrapping off corruption and fund embezzlement, good g overnance has better strategies for conducting quality assurance programmes and giving comprehensive feedback for improvement in areas of weakness. The other side is bad governance; this is the true opposite of good governance. There lacks fairness, equity, responsiveness, transparency, effectiveness, and efficiency, in bad governance. In most case, bad governance precedes the downfall of a company. This means that the company is unable to survive the harsh and overwhelming market competition. Furthermore, many funds are misappropriated through lack of monitoring and evaluation. Bad governance is almost synonymous with poor planning and inadequate preparedness.

Understanding Microeconomics Issues Essay Example | Topics and Well Written Essays - 1000 words

Understanding Microeconomics Issues - Essay Example The essay "Understanding Microeconomics Issues" talks about the important role of microeconomics in the understanding of the relationship between the consumer, the producer and the trend in the market. There are important issues that must be understood in microeconomics and they include supply and demand, utility, and market failure and competition. All these issues are important to the understanding of the relationship between the consumer, the producer and the trend in the market. Their relationship provides the key to the understanding of economics. As goods and services are produced for sale, there are a number of factors that play a role in determining the prices at which the products will be sold. The backbone of any market economy and the most significant concept in economics is the supply and demand. Demand can be described as the quantity of a product or the services that are desired by the consumers. The amount of product that the people are willing to buy at a given price is the quantity demanded and its relationship with the price is referred to as demand relationship. Supply is described as the quantity of product and services that the market can offer. The amount of product that the producers are willing to supply at a certain price is the quantity supplied and its relationship with the price is referred to as supply relationship. An increase in the price of a commodity is accompanied by an inverse relationship in the quantity demanded, if all the other factors are held constant.