China has emerged as one of the major actors in the global economy frontiers. The remarkable progress and growth in the Chinese economy in the past decades is attributed to the central role of capitalism. Communism failed to strengthen the economic power of the nation in the global realms but now the dream is a reality, thanks to the capitalist system (Koppel, 2012). The contemporary Chinese society is dependent on the capitalism for survival. The capitalist industry based on cheap and reliable labor has made transitional companies move into China at an unprecedented rate. Although, it can be viewed ...
Essays on Labor Pool
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Labor and Skills Shortage in the Hotel Industry
Pointe Hilton Squaw Peak Resort in Phoenix, Arizona has been facing labor problems and coping like any other hotel. The labor problem seems to be a mix of issues on top of the labor shortage itself. The lack of skills and high labor turnover aggravate the situation.
Connected Problems
Skilled Labor Shortage Hotels hire many people at the entry level. However, the kind of people that hotels need is skilled and specialized. After all, not any one can do the job. So, even if there are many still unemployed, hotels suffer from a shortage. There are not enough applicants and fewer ...
Part 1: Production Planning and Quality Management
Setting up of a production plant requires elaborate planning in terms of the location, raw material supply, production schedules, inventory, and transport. Creation of proper plans improves the efficiency in supply chain logistics, which in turn lowers the production costs while increasing the profits. In production planning, supply chain decisions involve both the strategic and operational plans. While strategic plans address the overall long-term goals of the firm, operational decisions focus on the routine functions of the firm.
Location decisions determine the geographic positioning of the production plant. It takes into consideration the suitability of the stocking and sourcing points ...
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An economy is said to be diversified economy when it is dealing with multilple goods and services from multiple sectors operating in the economy. For instance, an economy operating with sectors like Agriculture, Mining, Manufacturing. Trade etc rather than relying on a particular sector for its growth and survival is a diversified economy. Not only this, a diversified economy does not deal with local markets as in order to ensure full diversification it engage itself in exports, investments, create labor pool, uses latest technology etc.For instance, though Canada is highly productive in its mining activities, however in order to avail the benefits ...
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