Controls Tmobile Essay Example | Topics and Well Written Essays - 250 words

Controls Tmobile - Essay Example T-Mobile, however, is part of a very dynamic technology market where both of these strategies are important in staying competitive as other companies constantly evolve their tactics. According to Miller, et al. â€Å"Organizational environments differ in their degree of instability or turbulence, thereby creating very different contexts for adaptation† (Miller et al., 1998). In short, this means that a company in stable economic times with few competitors or other outside pressures will adapt by making small modifications to its approach to strategic planning, but when faced with major outside forces it will certainly make quick assessments and implementation of change in order to compete. Because dynamic business markets means constant change and high competition, T-Mobile is much more likely than companies in other industries to use strategic plans that involve quick reaction to change on the operational level. While this often works to the benefit of the company there are drawbacks. Organizations in stable environments are more likely to employ strategic objectives that maintain the status quo and may keep the business headed in a positive direction for longer periods of time with little fluctuation. In the United States, T-Mobile and many of the major players in the telecommunications industry have responded to government deregulation by becoming more dynamic, perhaps at the price of long-term stability in the market. In order to excel, T-Mobile uses the strategy of employing dynamic change to deliver new products and services in dynamic, constantly evolving ways. At T-Mobile, the operational levels closely match the goals of the company’s dynamic plan, demonstrating its strength. The company employs the ‘better-faster-cheaper’ mantra, and quickly changes pace to meet evolving customer expectations with innovative new products and services, evidencing the quick response of the company to outside pressures. For instance, in advertising the new

Keynesian Theory of Inflation and Unemployment Essay

Keynesian Theory of Inflation and Unemployment - Essay Example Inflation, on the other hand, referrers increase in prices of products and services in any given economy, with a particular period duration. Essentially, when prices are high, amount of goods and services, which can be, bought using a particular amount of money becomes fewer (Burda & Wyplosz 1997). Disequilibrium positions of inflation Keynes disagrees with the economists of the classical argument. According to the argument by Keynes, market systems do not lead to automatic full-employment equilibrium (Warburton 1966). However, the economic systems could attain equilibrium at any range of unemployment. This implied that the interventionists’ policies would not apply. Keynesian argument can be represented in a circular flow of revenue (Warburton 1966). Extra aggregate demand within the economic system forces firms to absorb more employees. According to Keynes, markets are bound to exhibit disequilibrium of various forms (positions) of inflation, which have been pointed in the K eynesian theory of inflation. ... Similarly, aggregate supply can be indicated by Y = C + S because the market value of the total p[roduction of one year is called national income may be divided into consumption and saving. In this way, national income will be determined at the point where following conditions will be fulfilled; aggregate demand = aggregate supply; total expenditure = total income; C + I = C + S; I = S. This can be explained by the help of the following diagram: In the above diagram, along X-axis we have measured national income and employment level and along Y-axis consumption and investment. C curve is consumption curve which moves from left to right upwards. The assumption is that investment remains the same at all levels of income, so C + I curve will remain parallel to C.C + I curve indicates aggregate demand or the total expenditure at different levels of income. The income will be in equilibrium at the point where C intersects Y. in other words, aggregate demand is equal to aggregate supply or total expenditure is equal to total income when income is OM. From the point where Y and M intersect, to M, gives the effective demand since at this point, aggregate supply is equal to aggregate demand. If income is higher than OM, aggregate supply will be greater than aggregate demand and there will be overproduction. The profits of the producers will fall and they will produce less in the next year, so income will decrease. Similarly, if income is lower than OM, aggregate demand will be greater than aggregate supply and it will be profitable to produce more and more and as a result of this, income will increase. In this way, income will be determined at OM and this is the