Negative Effects Of Globalization - 1552 Words

Globalization has negative and positive effects that impact all levels of everyday operations from the international community through regions to individuals. Some oppose the changes it brings, some turn it to their benefit. The latest globalization wave carrying American values hit the Arab Spring particularly hard. The fight against conformation to American values intensified Jihad movements through terrorism against the Western world. Terrorist groups were able to utilize the same communication advances that caused the latest globalization wave, trying to resist all the social changes it brought upon conservative Muslims, at the same time driving away moderates who want to pursue a better life elsewhere. Networks were built on new†¦show more content†¦Social backlash of those who are effected negatively by globalization are common forcing some groups of people turn to extreme measures such as terrorism or the obtainment of nuclear capabilities. In this literature review s ection we will look at the findings of other scholars on their quest for answers how these negatives such as the cultural and ideological clashes between societies will shape the future of globalization and take a look at their projection. One of the best captures of the ongoing global trends can be found in Stephen J. Korbin’s work from The Warton School at the University of Pennsylvania. His understanding of past global driving forces allow an accurate application of what we already learned from previous globalization waves to the current. (Kobrin, 2017) His thoughts of the of global social consequences due to the intertwined global connections of our world are very similar to Thomas L. Friedman’s, describing the world as shrinking and flat. (Friedman, 2005) Kobrin suggests that globalization is just as cyclical as history. His assertion aligns with Friedman’s that the underlying basic economic structure is resistance to the change necessary for globalization to proceed beyond this inflection point. The fear of protectionism in trade and in the workforce worry many globalists. Neville Laurence expresses the same fear ofShow MoreRelatedThe Negative Effects Of Globalization762 Words   |  4 Pagesworld. From what I have read, I have noticed, to a large extent, the positive aspects of globalization. Even Samir himself speaks about this that they greatly influenced him â€Å"Globalization has had a very strong effect on me. It has allowed me to live with my friends and extended families that live in very different cultures and settings.† He also talks about the moments that globalization gave him, â€Å"Globalization has also allowed me to be exposed to several languages. I am fluent in English, SpanishRead MoreNegative Effects of Globalization677 Words   |  3 Pages Globalization refers to the absence of barriers that every country had. Yes, it has helped to demolish the walls that separated us .Globalization, which is the process of growing interdependence among every country in this planet, can be seen as a sign of hopeful and better future by some, but for others it represents a huge disaster for the whole world. That’s why we are going to see the negative effect that globalization has on culture then focus on the ethical disadvantage it broughtRead MoreNegative Effects Of Globalization1361 Words   |  6 PagesFor many individual’s globalization is seen as being a process â€Å"of increasing of economic connections across various boarders around the world. It is a process that entails production and services of materials in which are usually outsourced across international borders.† (Das, 2017). Although globalization has the power to increase trade across the world, this has also resulted in multinational co rporations using developing nations in order to obtain an efficient amount of production due to takingRead MoreThe Negative Effects Of Globalization1179 Words   |  5 PagesChoose and focus on one negative consequence of globalization. Explain what the issue is, and why it is problematic for the world. The globalization of food production. This is not only problematic for the world, but on a personal level; it is a problem in the region in which I live. I live in rural America, known for its farm community. But, there are no local farms. The redefining of land use, the farming of food solely for mass production by affluent companies, and the introduction of GMOsRead MoreThe Positive and Negative Effects of Globalization1570 Words   |  7 PagesThe Positive and Negative Effects of Globalization Is Globalization ultimately positive or negative, or somewhere in between? I believe it depends on who you ask the question, and how it affects their life. For myself, I can’t get passed the negative way it has impacted my life and others around me in the same situation. Those of us who have lost our jobs and livelihood and are now labeled as â€Å"the long term unemployed† have seen our jobs eliminated and outsourced overseas; find it hard toRead MorePositive and Negative Effect of Globalization744 Words   |  3 PagesTopic: Discuss the positive and negative effects of globalization on the world today. The term globalization is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole, when people around the world are more linked to each other than ever before, when information and money flow more speedily and when goods and services produced in one part of the world are increasingly obtainable in all parts of the world. And it hasRead MoreNike Positive And Negative Effects Of Globalization1367 Words   |  6 PagesThe Promises and Perils of the Globalization of Nike Globalization involves global interaction and cooperation between individuals, corporations, countries and their governments. As demand for products grows and the technology it takes to improve the process by which products can be manufactured more cheaply grows, globalization grows as well. It is supported by advancements in technology. These changes can have both short-term and lasting effects on issues surrounding economics, politics, the environmentRead MoreNegative Effect of Globalization in the Philippine Economy4768 Words   |  20 PagesAdverse Effect of Globalization in the Philippine Economy Introduction The thrive of globalization has opened gates for economies both nationally and globally. The last three decades saw many governments acquiring the systems of free markets, thereby, maximizing their own potential and opportunities for international business  as well as investment. Whats more, as a result of globalization governments all over the world worked towards the elimination of limitations to business and trade ofRead MoreGlobalization : Positive And Negative Effects On Todays Society1582 Words   |  7 Pagesbeing more globalized. Globalization is the process of interaction amongst people, businesses, governments of different countries and nations, and is driven and or influenced by international trade and international business. Technology has been one of the largest contributing factors to the reason why the world is becoming more globalized. Globalization has both positive and negative effects on the environment, societies, as well as today’s cultures. Cultural globalization refers to the processRead MoreEvaluate the Positive and Negative Effects of Globalization in China894 Words   |  4 PagesEvaluate the positive and negative effects of globalization in China Globalization, which is the process of enabling financial and investment markets to be operated widely and internationally, usually refers to the increasing global relationships of culture, people, and economic activities (Simon. J, 2002). It is generally used to represent economic globalization including the global distribution of the production of goods and services, through reduction of barriers to international trade such

Essay On Norma Jeane Mortenson - 1679 Words

The Unsolved Murder of Marilyn Monroe â€Å"Give a girl the right pair of shoes and she ll conquer the world†, this is one of the many quotes from Marilyn Monroe during her successful career. Unfortunately, the shoe did not fit Monroe on the date of August 5, 1962. Marilyn Monroe, or Norma Jeane Mortenson, was found naked and lifeless in her bed around five in the morning at her home in Los Angeles. The cause of her death is indoctrinated to be probable suicide. However, evidence and extensive research point all fingers to the Kennedy brothers in the murder of model and actress, Marilyn Monroe. Norma’s early life was one of the contributing factors to her intention of success. On June 1, 1926, Norma Jeane Mortenson was born in Los Angeles,†¦show more content†¦Monroe had been locked in her bedroom of her Fifth Helena Drive Household. Not much evidence supported the cause of her death at the crime scene. Upon completion of the report, it is clear that an examination of the unresolved murder is imperative. No stone will be left unturned; no avenues left unexplored. To seek justice for Marilyn Monroe and her family, an in-depth analysis must be organized in order to comprehend the data and identify a possible killer. Little Evidence was found at the crime scene to link a particular suspect. The room Monroe was murdered in seemed as if nothing ever happened. Besides a telephone in her hand, no item provided a reasoning for her death. One of the major controversies of her death was the emptiness of her stomach. During the Autopsy of her body, suicide did not cross any of the doctor s minds. â€Å"There was no pill residue in her stomach and with the number of capsules she would have to have ingested there should have been some evidence of it. What that means, Mcneil adds, is that there s a strong suspicion she might have been injected† (McNeil 1). Monroe was known to take pills but to be diagnosed with probable suicide with no pill residue in her stomach is suspicious. Not only was there no pill residue, but there was no water glass as well. Officer Clemmons, the man who was first to the scene, stated that â€Å"No water glass was initially foundShow MoreRelatedReview Of Doctor Faustus 1883 Words   |  8 PagesLawrence Crockett Mrs. Prater Honors Composition and Literature Faustian Bargain Essay I. Introduction The book â€Å"Doctor Faustus† was adapted from the play originally created by Christopher Marlowe. The play was made in the Renaissance era, an era where people weren’t primarily concerned about God nor fearing him. During this time people questioned their faith and expanded their knowledge and power, and the character Faustus was made to interpret the dangers going beyond human boundaries to have

Comprehensive Report on Global Staffing Strategies

Comprehensive Report on Global Staffing Strategies Denise Lee University of Phoenix Comprehensive Report on Global Staffing Strategies As the director of human resources for MediTravel, an organization that assists individuals and Fortune 500 companies in locating cost-efficient medical procedures outside the United States, I have been directed by my CEO to expand our services into Thailand. Currently, MediTravel is contracted with hospitals in Mexico, Costa Rica, India, and Korea. The expansion into Thailand will afford our company the opportunity to provide cost saving, safe, and reliable health care for individuals and companies that want to reduce the amount of monetary resources spent on health care. This paper will†¦show more content†¦Research into Thailand showed that Thailand’s budget deficit narrowed to $4.2 billion (USD) from $5.1 billion (USD) in 2009. This demonstrates that the government is committed to meeting its foreign debt obligations and has not overextended itself concerning external borrowing. The baht (Bt) will remain stro ng against the United States dollar and the Bank of Thailand (central bank) will continue to intercede in the market if necessary to limit currency instability. Thailand’s banking sector is currently in a healthy state. It is adequately capitalized and has recorded strong profits in the last couple of years. Thailand’s political risk remains high due to the impending passing of the king and the difficulties that the prime minister has had with the House of Representatives. The economic structure risk is minimal even though the GDP growth has been low in the recent years, but Thailand has demonstrated a strong rebound in 2010 (Economist Intelligence Unit: The Economist [EIU], 2011). MediTravel is affiliated with the Medical Tourism Association (MTA), a for-profit trade association for medical tourism. MTA is made up of international hospitals, medical travel facilitators, health care providers, insurance companies, and otherShow MoreRelatedA Comprehensive Report on Global Staffing Strategies2704 Words   |  11 PagesComprehensive Report on Global Staffing Strategies Dubai, in the past decade, has been one of the fastest growing economies in the world. Companies flocked to the free zone because they could do business with wealthy visitors who came to the shopping mecca for its one stop shopping atmosphere. Despite a large bump in the road caused by the global economic crisis which damaged Dubais growth seriously in 2009 and 2010, the city is recovering and has been welcoming new investors again. One of theseRead MoreTransition from a Regiocentric to Geocentric Approach1085 Words   |  5 PagesChina. The purpose of this report is to present a comprehensive analysis of the shift from a regiocentric to a geocentric style of approach, while explaining the likely challenges to be encountered by the expatriates. 2.0 Chapter 1 2.1 Geocentric When considering management and staffing approaches, large national organisations will commonly select the geocentric approach for international operations. Under the geocentric approach the MNE will adopt a global attitude towards its operationsRead MoreStrategic Plan for Mayo Clinic1464 Words   |  6 PagesA well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans characteristically concentrate on operational and organizational goals such as when to obtain new technology, how to meet competitive challenges, and what stafï ¬ ng, tools, or facilities are needed to ensure organizationalRead MoreShared Savings : An Approach To Healthcare Taxation Reforms : Case Study789 Words   |  4 Pageshave been proposed in healthcare reform as a strategy for red ucing healthcare costs. Unlike fee-for- service, bundled payment discourages unnecessary care, encourages coordination across providers, and potentially improves quality. Unlike capitation, bundled payment does not penalize providers for caring for sicker patients. Considering the advantages and disadvantages of fee-for-service, pay for performance, bundled payment for episodes of care, and global payment such as capitation, episode paymentsRead MoreStaffing, Performance Management Compensation Report3979 Words   |  16 PagesStaffing, Performance Management amp; Compensation Report Executive Summary This report was generated to assist American Express in visualizing how the use of internal recruitment to fill vacancies of higher-level positions by linking the staffing, performance management, and compensation plans. How these links can further strengthen the organizational culture by being internally aligned with the vision of employing the most superior and dedicated staff. The research findings will show that whenRead MoreGoogle Inc Case2926 Words   |  12 Pages Where Headquartered (city/state): Mountain View, Ca Part I: Comprehensive Case Analysis – Developing HR Business Partner Competencies in this Case Analysis 1.0 Background on your Company (Type the Company’s background in 3 paragraphs.). Tip: See the â€Å"about us† or company information portion of the company’s website or other source. Keep track of all your sources. They are to be included in Section 10 of this report. The creation of goggle’s company starts in 1996 between two smartRead MoreInternational Strategy for Fonterra to Enter Japan Essays4915 Words   |  20 PagesExecutive Summary This report examines provides a comprehensive summary of the threats and opportunities for Fonterra to expand its operations into a new market within Japan. Japan has a relatively stable political and legal environment which reduces the risks associated with entering the foreign market. The political system is a democratic system, with a Westminster form of government similar to Australia, which is favourable for western cultures when conducting international businessRead MoreMarketing and Business Development1068 Words   |  5 PagesEngineering Consultancy Services Business Development Manager Responsibilities: †¢ Applying innovative strategies to penetrate the new market areas. †¢ Assist the head of business development to formulate and implement strategies for growth of the organization s business and development. †¢ Involving investors and other companies for joint ventures †¢ Implement and coordinate business strategy across areas of the business with the concerned seniors. †¢ Plan and manage all publicity or promotionalRead MoreHuman Resource Management in Multinationals Essay5628 Words   |  23 Pagesquestions 13 FINDING AND RESULTS 16 CONCLUSION 17 SOLUTIONS TO THE IHRM ISSUES 19 REFERENCES 21 Abstract Staffing management of multinational companies is a complex but crucial issue to the international human resource management (IHRM) research. Based on literature review, this article is to investigate the staffing management in the multinational companies. Firstly, the author will summarize the conceptual introduction, general challenges, culture distanceRead MoreHuman Resource Plan Essay2927 Words   |  12 PagesMILITARY UNIVERSITY HRMT600 Human Resource Management Overall planning context Like all Organizations, Jamaica Transport (KIN) constantly has to adapt to external and internal changes. External changes such as economic situations, increased global commerce, new security threats or emerging environmental priorities impact directly on the organization’s business and HR plans. Internal changes, such as the need to carry out the organization’s business differently through risk management systems

Media´s Negative Influence on Today´s Youth Essays

Have you ever watched a movie and later caught yourself daydreaming about the actors lives? Ever finished a movie then found yourself imitating the way the heroin talks, wears or walks? Do you not ever stop and wonder how much your views and attitude have been influenced by the media and what youre constantly exposed to? The media has an enormous influence over the lives of men, women, and teenagers. Today, individuals get affected by how people dress, talk, behave, and think trying to become another version of them. Media doesnt only have a positive effect on us, but it can also impact us negatively. Nowadays, the media is widespread in society in different forms (television, books, films, internet etc.), and its effects on†¦show more content†¦News has become less about informing people about realities, and more about telling people what their opinions should be. The reason behind this is that anchors and news presenters now give in their own opinions and interjections on any event that happens, which causes people to strongly believe in their opinion as they don’t expect the news reporter to spread false ideas. ïÆ'   Media has a lot of positive influence on society such as teens benefiting from media about different things in culture, fashion, news and politics...etc. this later makes it a way to come together and socialize and educate themselves and makes a better-informed society whose people make decisions based on their own information. Mass media is a great source of entertainment not only that but also by watching sports it could lead teenagers to have good healthy lifestyle as they would take the players as role models and start eating healthy, exercising every day, and playing sports, as media can raiseShow MoreRelatedThe Effects Of Rap Music On Social Behavior Essay1693 Words   |  7 PagesIn society today, it is highly noticed that the role of rap music messages and video images of violence causes an increase in negative emotions, thoughts and behaviors which could lead to violence amongst youth. Rap music has been at the center of concern in regards to the potential ha rmful effect of violent media on social behavior amongst youth. This potential behavior could be seen in the music video titled â€Å"Kim† by Eminem. In this music video, the storyline, language and sound encourages hostileRead MoreAn Analysis of How Mass Media Affects the Youth950 Words   |  4 PagesMASS MEDIA AFFECTS THE YOUTH Imagine a world without media. Can limiting the amount of media in today s society, decrease the affects it has on the young minds of today or not? Can their minds develop an intellectual way of thinking and behaving under a restricted amount of media? Being so, media everywhere has both negative and positive influence on the youth. This essay will discuss such influences of the media on the youth as well as how they can be addressed. First, the mass media affectRead MoreThe Changing Face Of Political Campaigns1025 Words   |  5 PagesThe media is everywhere. In our computers. In our phones. In our radios. Just around the corner waiting in a newspaper stand and flashing bright colors across our TVs. It seems like there is something being reported continuously every day. News and information are only a few taps away; unlimited knowledge now sits in almost anyone’s back pocket. All these new forms of media are changing everything. Political campaigns are not something we typically think about. To most people above the age of 18Read MoreRaps Extremely Powerful Influence Essay1163 Words   |  5 PagesRaps Extremely Powerful Influence Rap music has been a part of this world since the 1960’s, and it has gone through hundreds of different stages in its time. However, the number one thing that people think of when they hear rap music is crime, violence, alcohol, drugs and other negative influences. Despite these common beliefes on what rap music is about, it can be an extremely positive influence. Educating the youth and community about the bad things happening around us and how they’re affectingRead MoreThe Negative Effect Of Youth Health Essay1734 Words   |  7 Pagestelevisions, media, magazines, bill boards and shops are some examples of places where we gather information from certain types of commercial advertising. Our lives are ruled by screens; it is inevitable that during our daily lives we are going to experience a sponsored ad, a TV commercial or a sexy, skinny model on the front of a mag. All these advertising elements may seem positive, may it be the pretty colours, gorgeous people, catch y phrases. These potential positive things are having a negative effectRead MoreA Persuasive Thesis Statement On Youth And The Internet Essay1276 Words   |  6 PagesEnglish 3 May 18, 2015 A Persuasive Thesis Statement on Youth and the Internet Dangers of the Internet, Fact or Fiction? Today’s youth are tomorrow’s leaders. They are our future. So what kind of leaders are we creating? What affects the way our children grow up today? Popular opinion today says that excessive use of the internet is damaging to the youth of the world in many ways. One of the most significant beliefs is that kids today don’t exercise enough because they are on the computer allRead MoreEffects Of Obesity And The Media1396 Words   |  6 Pagesto many different factors. With this new world of technology and social media there is still the prominent issue of obesity, although technology and the media is not all to blame. This arising issue can have derived by many different aspects, such as a person’s socioeconomic status, ethnicity, culture, and not getting the right amount of physical activity. These aspects definitively lead to obesity and ultimately the negative feedback and oppression and discrimination from society. Society has beenRead MoreNegative Influences Of Social Networking Sites On The Youth1033 Words   |  5 Pages Negative Influences of Social Networking Sites on the Youth Research Essay Assignment By: Manish Rathod AC-Communications, Part B-Comm-LL044-F1 Prof. Jon, De Forest November 27, 2014 Introduction Person to person communication is a wonder which has existed since society started and it has developed in the course of recent years. Online social networking have picked up bewildering overall development and ubiquity, in which countless web clients are locked in, both in their relaxationRead MoreThe Impact Of Mass Media On Youth And Society1378 Words   |  6 PagesThe Impact of Mass Media on the Youth and Society Nowadays, the issue of mass media has caused much debate in the modern society, as well as mass media is becoming more important as a component that negatively affects the behavior of young people. There are many other factors, such as micro-environment, economic instability, the decline of moral values affecting children and young people and encourage them to commit unlawful acts. However, unlimited access to the Internet, mobile phone use in theRead MoreThe Effects Of Social Media On Young Girls And Women Alike1474 Words   |  6 PagesSocial media plays an immense role in the way that stereotypes about attractiveness is conveyed in regards to body image. As Gerbner and Gross wrote in 1976, the cultivation theory states that high frequency viewers of television are more susceptible to media messages and the belief that they are real and valid. The subjection to social media can cause an idealistic view amongst young girls and women alike. Among the mechanisms of human agency none is more central or pervasive than beliefs of personal

Case Study †Problem Employee Free Essays

We often hear about the employers that don’t treat employees well; but you know, it sometimes works the other way as well. I had a call from a gentleman who was at his wits end as to what he could do with an employee that he has had on his payroll now for 5 years. This employee is running the entire show! He’s a bully and the employer is to the point that he is actually afraid of him – not in a physical sense – but in the sense that he’s afraid to stand up to him because – oh no – heaven forbid – he may quit! The employer has completely lost control of this fellow because he never had the courage to set any boundaries or expectations from the start and his leadership has been extremely inconsistent. We will write a custom essay sample on Case Study – Problem Employee or any similar topic only for you Order Now So, how did this happen, you may ask? The background: The business owner has a small restaurant. He and his wife and brother-in-law opened the restaurant about 7 years ago. The business started to grow and he brought in the employee in question to help them out. At first, the employee was really good and the owner gave him more and more responsibilities, to the point that he felt fairly comfortable in leaving him to open up on occasion and actually assist with the business decisions, etc. The business continued to grow and he hired a few more people, mostly part time, to work during lunch and dinner times. After a few more employees were hired, the original employee (we’ll call him Joe), started to exhibit some less than desirable behaviours by coming in late; opening the doors and then within 15 minutes, he would go out back to have a smoke break (virtually leaving the business open without anyone inside, which the owner found out by coming in a couple of mornings right after Joe and finding the place empty); talking on his cell phone right in front of customers (putting the customers on ignore while he chatted away on the phone); and when the owner tried to speak with him, Joe just held his hand up right in the owner’s face shutting him down. On occasion, when Joe decided he’d made enough tips for the night – he would just leave – an hour – sometimes two hours before his shift actually ended! To heck with the schedule†¦ he’d had enough†¦too bad†¦so sad. Oh – and he didn’t like the owner’s wife – so he told the owner to keep her out of the restaurant – and he did! It has now gotten to the point (according to the employer) that Joe comes and goes as he pleases and in fact, he has told the employer that he can’t do anything about it because he’d have to pay him to terminate him. The employer, unfortunately, does not know his rights in this case – and he has let it go on for so long now that he is getting treated this way by all of his employees. The example has been set! The saddest part of all is that the employee tells the employer what he will and will not do and the employer has no one else that can step into this fellow’s shoes because everyone else is part time and does not have the same level of restaurant business experience. At least, that’s what the owner believes at this time. So; how did we go about finding a solution to this problem when up to this point in time nothing was documented?Case Study – Problem Employee – Part 2 Published: November 1, 2010 The first thing we recommended to this employer was to take a good look at his current employees and consider which ones he could provide more training and development to so that if this problem employee did walk out; he could still manage his business. We also advised him that allowing others to develop their skills would not only increase his ability to provide a better quality business for his customers, it would also provide learning opportunities for his employees that would encourage them to stay. The next thing we did for this employer was to give him information around the basic employment standards act that he needed. He was allowing an employee to tell him what was required by law, and in fact; most of what he was being told was inaccurate. Ignorance is definitely not bliss for a business owner who employs others. We gave him â€Å"fact sheets† with the main areas that he should make himself familiar with so that it was easy to understand and didn’t have a lot of unfamiliar language to interpret. The next thing we recommended is that he considers doing is allowing us to develop an employee handbook and some basic policies that would help him in communicating to his employees moving forward. We recommended that he have a staff meeting prior to the construction of the handbook to allow the employees to have some input or suggestions. We offered to provide support at the staff meeting if he wished; but certainly this is something that he could do on his own as well. We offered to present the handbook to the employees with him so that we could respond to any questions and he didn’t have to feel concerned about how to respond (particularly because he believes the problem employee is going to challenge the implementation of a handbook and policies). We next suggested that he implement a performance management system that aligned with the handbook and policies and we will assist him through coaching sessions as to how he can manage the process. While this is a lot of work for him and it will not be an overnight solution; he has unfortunately allowed his employee to gain control of his business – and not in a good way. Due to the fact that he has not managed the whole relationship well and it has deteriorated to this stage, it will be a long process to repair the damage. The good thing is that he did seek help and he will learn how to retain employees through the provision of learning opportunities; he will have some ‘standards of operation and behavioural expectations’; and he will have a performance management system to ensure a more fair and just working environment. Last, but not least; we are also going to provide some ‘culture coaching’ sessions so he can develop a strong and healthy workplace that fits within his mission and values. As this project is not yet complete, we will report back on occasion to let you know how we move through the recommended processes. How to cite Case Study – Problem Employee, Free Case study samples

Case Study †Problem Employee Free Essays

We often hear about the employers that don’t treat employees well; but you know, it sometimes works the other way as well. I had a call from a gentleman who was at his wits end as to what he could do with an employee that he has had on his payroll now for 5 years. This employee is running the entire show! He’s a bully and the employer is to the point that he is actually afraid of him – not in a physical sense – but in the sense that he’s afraid to stand up to him because – oh no – heaven forbid – he may quit! The employer has completely lost control of this fellow because he never had the courage to set any boundaries or expectations from the start and his leadership has been extremely inconsistent. We will write a custom essay sample on Case Study – Problem Employee or any similar topic only for you Order Now So, how did this happen, you may ask? The background: The business owner has a small restaurant. He and his wife and brother-in-law opened the restaurant about 7 years ago. The business started to grow and he brought in the employee in question to help them out. At first, the employee was really good and the owner gave him more and more responsibilities, to the point that he felt fairly comfortable in leaving him to open up on occasion and actually assist with the business decisions, etc. The business continued to grow and he hired a few more people, mostly part time, to work during lunch and dinner times. After a few more employees were hired, the original employee (we’ll call him Joe), started to exhibit some less than desirable behaviours by coming in late; opening the doors and then within 15 minutes, he would go out back to have a smoke break (virtually leaving the business open without anyone inside, which the owner found out by coming in a couple of mornings right after Joe and finding the place empty); talking on his cell phone right in front of customers (putting the customers on ignore while he chatted away on the phone); and when the owner tried to speak with him, Joe just held his hand up right in the owner’s face shutting him down. On occasion, when Joe decided he’d made enough tips for the night – he would just leave – an hour – sometimes two hours before his shift actually ended! To heck with the schedule†¦ he’d had enough†¦too bad†¦so sad. Oh – and he didn’t like the owner’s wife – so he told the owner to keep her out of the restaurant – and he did! It has now gotten to the point (according to the employer) that Joe comes and goes as he pleases and in fact, he has told the employer that he can’t do anything about it because he’d have to pay him to terminate him. The employer, unfortunately, does not know his rights in this case – and he has let it go on for so long now that he is getting treated this way by all of his employees. The example has been set! The saddest part of all is that the employee tells the employer what he will and will not do and the employer has no one else that can step into this fellow’s shoes because everyone else is part time and does not have the same level of restaurant business experience. At least, that’s what the owner believes at this time. So; how did we go about finding a solution to this problem when up to this point in time nothing was documented?Case Study – Problem Employee – Part 2 Published: November 1, 2010 The first thing we recommended to this employer was to take a good look at his current employees and consider which ones he could provide more training and development to so that if this problem employee did walk out; he could still manage his business. We also advised him that allowing others to develop their skills would not only increase his ability to provide a better quality business for his customers, it would also provide learning opportunities for his employees that would encourage them to stay. The next thing we did for this employer was to give him information around the basic employment standards act that he needed. He was allowing an employee to tell him what was required by law, and in fact; most of what he was being told was inaccurate. Ignorance is definitely not bliss for a business owner who employs others. We gave him â€Å"fact sheets† with the main areas that he should make himself familiar with so that it was easy to understand and didn’t have a lot of unfamiliar language to interpret. The next thing we recommended is that he considers doing is allowing us to develop an employee handbook and some basic policies that would help him in communicating to his employees moving forward. We recommended that he have a staff meeting prior to the construction of the handbook to allow the employees to have some input or suggestions. We offered to provide support at the staff meeting if he wished; but certainly this is something that he could do on his own as well. We offered to present the handbook to the employees with him so that we could respond to any questions and he didn’t have to feel concerned about how to respond (particularly because he believes the problem employee is going to challenge the implementation of a handbook and policies). We next suggested that he implement a performance management system that aligned with the handbook and policies and we will assist him through coaching sessions as to how he can manage the process. While this is a lot of work for him and it will not be an overnight solution; he has unfortunately allowed his employee to gain control of his business – and not in a good way. Due to the fact that he has not managed the whole relationship well and it has deteriorated to this stage, it will be a long process to repair the damage. The good thing is that he did seek help and he will learn how to retain employees through the provision of learning opportunities; he will have some ‘standards of operation and behavioural expectations’; and he will have a performance management system to ensure a more fair and just working environment. Last, but not least; we are also going to provide some ‘culture coaching’ sessions so he can develop a strong and healthy workplace that fits within his mission and values. As this project is not yet complete, we will report back on occasion to let you know how we move through the recommended processes. How to cite Case Study – Problem Employee, Free Case study samples

Case Study of Mystic Monk Coffee Free Sample for Students

Question: Discuss about the Formulation and Implementation of Strategy in all Types and Size of Organizations within Private, Public, and Third Sectors. Answer: Introduction This report is based on analyzing the case study that is Mystic Monk Coffee. The company strength and weakness has been analyzed. The external environment is also been analyzed that is PESTLE. This report also examines the corporate and business level strategy of MMC. It also discusses the strategic change of the company through different leadership styles. This report also discusses SWOT analysis of Mystic monk coffee. It also discusses corporate level strategy of Mystic monk coffee. Report also explains structure and control system of MMC. The report also varies strategic change as well as evaluation of different leadership styles in order to manage the strategic change. It also evaluates the driving demand in the coffee industry. Overview of Coffee Industry Mystic monk coffee is a company that was developed by Father Daniel Mary in the year 2007 by the Carmelite order of monks in Clark, Wyoming. It was the humble beginning as the customers who are coffee drinkers are enjoying the coffee. It consists of delicious taste and because of its delicious taste, most of the customers become regular (Mystic Monk Coffee, 2017). Today, the Mystic Monk Coffee has become the delightful sip of the customers as 85% of the customers are repeated customers that orders for the coffee. The company relies on the word of mouth for producing coffee. For the customer positive reviews, the roasted monks are highlighted and rated by Kenneth David. Mystic Monk coffee is sold on the monasterys websites that are (www.mysticmonkcoffee.com). Its target market was the USA segment that is a catholic population who are the lovers of coffee. Its first year of operation in the USA is about $56,500 per month. Its revenue is about 30% and the shipping was about 19% of the r evenues as well as broker fees were 3% of revenues. Its profit margin averaged was 11% of the revenues. Identification of strengths and weaknesses of the company There is a various strength as well as the weakness of the company such as the company provides coffee at a reasonable price as it is sold for $7 to 10 dollars per 12 ounce package. Its average is $9.95 per 12 ounce bag as well as buying over $25 qualifies for free shipping. The other strength is that it has the differentiated brand that clearly defines the target market with no taxation policy. The companys employees have the same goal to further expanding the further business. On the other hand, there are various weaknesses that the company faces in the internal environment (Hitt, et al., 2012) It has the cloistered environment as well as limited labor hours and marketing. There are various customers who are unknown about the coffee but taste it because of the high quality as well as because of the good price. SWOT analysis of Mystic Monk Coffee Strengths: Mystic monk coffee has different strengths as it delivers coffee at a reasonable rate. Its average is $9.95 per 12-ounce bag and over $25 that is qualified for free shipping. It has the differentiated brand by the target market is clearly defined. Its employees also aim at expanding further the business in order to serve the coffee to more and more customers. It also attracts a large number of customers especially the coffee lovers. Weaknesses: It has a limited production and many of the customers are unknown about the coffee they taste it because of high quality and reasonable price. It also consists of limited hours of labor as well as capital and marketing (Rothaermel, 2015). Opportunities: It is expanding its coffee business into related markets as well as there is a decline in the world coffee prices. The company Mystic Monk has its unique approach towards coffee as it is marketing towards the Catholics US population. It has the opportunity as its price is in range in comparison with the other brands. Threats: There are various threats that are faced by the Mystic Monk Coffee as because of the background as well as meaning many of the Christians do not purchase it. The brands are established and there is variability in the price. PESTLE analysis There are various factors by, which coffee industry that is Mystic monk coffee can be affected that is political, economic, social, technological, legal and environmental and these are described as below: Political: The different kinds of political factors can affect the coffee industry that includes attitudes of the government. It also includes the relationships of the trade between the countries that are producing coffee that is to be exported. The manufacturer in the country has to look in the relationship of the trade of the other country. Economic: The economic factors also affect the coffee industry that also affects the spending power in the particular area. The chains of the multi-national as well as exchange rates are affected of the country UK as it also affects the pricing strategy (Keupp, et al., 2012). The sale is affected negatively to the other company. The corporation is affected by the exchange rates those countries import raw material. The import can become the expensive as when there is a higher exchange. Sociological: The coffee industry of the country UK can also be affected by the consumption of coffee in the country that is health. There is high caffeine in coffee that may lead a problem for the people such as sleep disorders, the problem of a migraine. It may cause to avoid people beverages that can have negative impact on the coffee. The attitude of the different cultures of the people of different countries affects the sales of the coffee. Technological: The coffee industry of the country is also affected by different techniques that is better which is more efficient that allows the countries coffees manufacturers to realize higher profit. The coffee machine development means that there is no limitation of expanding the coffee to the larger companies. The smaller companies also adopt the better brewing technique that increases the competition within the industry of the UK country. Legal: In the country UK, the coffee industry can also be affected by different laws as the import and export of the goods. If there is an export and import of the raw material of the coffee industry to another country then, it requires knowing about the laws regulating exports and imports. All types of industry are affected by the minimum wage laws in context of the bribery and corruption in the countries (Ho, 2014). Environmental: It also affects the country environmentally that includes earthquake, rain, drought, and poor harvest. The coffee industry is also affected by the weather and it increases the consumption of coffee in the winter and the sale is affected positively. Corporate Level Strategy of Mystic Monk Coffee The Mystic Monk Coffee adopts the Father Marys strategy that it purchases the 130 pound per hour roaster as a money maker. Its strategy is to target the catholic population of USA in order to make maximum profit. This strategy helps in increasing the production of coffee from 540 pounds per hour to 780 pounds per hour. At the 540 pounds per hour, its profit margin is 11% as increasing the 240 pounds as there should be an increase in the profit if there is an acceptance of 17 monks into the monastery (Mystic Monk Coffee, 2016). Mystic Monks Coffee Business Model is adopted by the company that is it begins with the customer value proposition. The companys approach is encompassed by the customer value proposition in order to fulfill the needs of the buyers of coffee. It provides the coffee to its customers at the reasonable price (Buller, and McEvoy, 2012). It offers different variety of flavors of coffee as well as high quality of Arabica organic coffee bean. On the purchase of three or more bags with the competitive prices, the customers get free shipping that attributes to the customer value proposition. MMC strategy can be called as the money maker it consists of niche target market. The Mystic Monks Coffee Business Model second element is the profit formula as the father Marys is planning to purchase $35000 roaster that would be helpful in increasing the production. Unfortunately, it cannot be called as the winning strategy as it was failed in the fit test of the strategy winner. But, the mystic coffee monk is considered as the well-matched product into the coffee industry. Hence, it is qualified as the winning strategy as the Mystic Monk Coffee provides the quality products that attract the customers to their brand. In the coffee market, the mystic monk limits itself (Jackson, Schuler, and Jiang, 2014). It has to boost the advertising of coffee ino the market. The loyal customers help the company to win the strategy in the external situation but there is a missing of opportunities. The competitive advantage of MMC Company is to provide a high quality of coffee at a reasonable price. It is easy to avail the coffee to the customers and the coffee is promoted by t he word of mouth. Business Strategy of Mystic Monk Coffee The Mystic Monk Coffee adopts differentiation strategy Differentiation strategy is the strategy that is making products and services different from that of the competitors. The differentiation strategy depends upon different factors such as customer base, the market as well as industry. The company who pursues the differentiation strategy can control the price of the products and services (Rosenbaum-Elliott et al., 2015). The differentiation of the product also helps in increasing the loyalty of the buyers towards the product. It is suitable for the place where there is no price for sensitive target segment. There is a risk of pursuing this differentiation strategy as competitors can attack. It produces unique coffee so as to attract the customers for the coffee. It also focuses on the quality of the product as well as the experience. It innovates different types of products so as to attract the customers in the various countries. Its aim is to provide customers with innovative tastes of the coffee. It organizes its company by meeting the customer needs (Drnevich, and Croson, 2013). It secures with the competitive advantage and produces the differentiated quality of the product as well as the services in the coffee industry. It is essential for the company to identify the strategic customers as there are various customers that have different requirements. It is important to fulfill the needs of the customers. Customer requirements and competition for identifying opportunities in competitive advantage MMC has the competitive advantage in order to identify the opportunities. The MMC produces the high-quality trade as well as organic Arabica beans with a different variety of flavors and blends. It sustainability is less as compare to other competitors in the industry due the coffees quality. It has the target market that is 69 million that helps in generating maximum profit. In order to compete in the market, it is essential to focus on building the strong loyalty among customers (Drakulevski, et al., 2016). It is essential for the companies to focus on the requirement of the customers in order to adopt the competitive advantage. Target audience should be focused who are the lover of coffee as the company MMC targets catholic population of USA. Corporate Social responsibility of MMC MMC social responsibility is based upon the three things that are community, ethical sourcing, and the environment. The community stores are developed for the local non-profit and it aims to locate the needs of communities in, which it is located. The ethical sourcing helps to discuss the way the MMC purchases its product. It helps in focusing on the positive changes for the working communities (Winn, et al., 2012). CSR can be called as the concept of management for the operations of the business. It helps in maintaining the balance between economic and environmental perspectives. Structure and control system of MMC Mystic monk coffee consists of four types of structure that are functional, geographical, and product-based and teams. The functional structure consists of group-based business functions. It includes Hr department, finance department, and marketing department. It is related to the hierarchy of the organizational structure. A geographic decision includes the senior vice president of mystic monk coffee. Through this, MMC managers report to the superiors that are the geographical head and functional head. Additionally, product based divisions as it is used by MMC in its organizational structure (Priem, et al., 2012). By this division product line is addressed by the company. The other structure is a team that is used by different parts in MMC. The team helps in managing the goods and services to the customers. Evaluation of the influence driving demand in the Coffee industry There are various factors by, which the driving demand is influenced in the Business to business as well as business to consumer. It is explained below: Demographic Information This can be called as a driving demand, which is influenced by the coffee industry. It is tangible and it includes age, gender, income level as well as educational level, geographic location/size of the community (Haines, 2016). It is required for the businesses in order to expand the business. Substitutes Substitute products can be replaced by the other such as when the price is high of tea then the customer can prefer coffee. It will decrease the demand for tea and there will be an increase in demand for coffee as per the price of coffee is low (Cuganesan, Dunford, and Palmer, 2012). Climate change The climate change is also the driving demand that influences the business. The demand for coffee is according to the season as it is preferred more in the winter season (Molina-Azorin, 2012). Standard of living Most of the people prefer coffee as to maintain their standard of living in the high society. The people want to maintain their status in the society in, which they are living. Strategic change and evaluation of different leadership styles for managing strategic change There are various strategic change programs such as proper implementation of change plan and in, which the competitive position is noticed and the changes are evaluated according to the requirement. The other strategic change program is identifying the future for making advance changes in order to avoid barriers to changes. Furthermore, leadership styles are assessed for the strategic change in MMC (Mahoney, and Qian, 2013). There are different leadership styles that are being evaluated for the strategic change in the organization. It includes charismatic leadership style which has the three elements vision, empowerment, and inspiration (Killen, et al., 2012). Charismatic leaders can help in the strategic change as when the employees will be motivated by the employer for the work then, it will gain their interest. The charismatic leaders help in the improvement. The other leadership style is operational leaders that help the employees in improving their performance. It includes incentives as a reward those who perform good. Recommendations It can be recommended to the Mystic Monk Coffee that it should adopt the innovative products in order to expand its business. Mystic Monk Coffee should be relevant to its customers for growing its market. It should also introduce the needs of the price as well as tastes, lifestyles of the customers in the market. It should also expand its business by offering beverages for the customers other than the coffee (Chen, Delmas, and Lieberman, 2015). It should provide a high quality of coffee for the people for attracting the customers towards their company. It should follow the concept of loyalty to customers. The company should apply the gradual change for the customers purchasing power as well the habits. It should also improve its e-commerce strategy (Frynas, and Mellahi, 2015). The company should also add different value chains to its website in order to link with its stakeholders that are customers, management, employees, and suppliers. It should also adopt product diversification strategy in order to expand the business for long-term. It should also support local events in order to expand its business in the international markets. It can also be recommended to the company to maintain its price and provide the coffee to the customers at reasonable price. The company must promote its product by promoting by doing advertising on different social sites. It should have a competitive advantage in order to compete with different competitors in the market. It should consider changing its objectives in order to include the new and advanced equipment (Kapferer, 2012). It should also increase its capacity of producing the monk coffees roaster for producing up to 540 pounds. The production should also be expanded with time. It should also maintain its quality of the coffee so that more and more customers may be attracted and come to drink coffee. Moreover, it can also be recommended to the Mystic Monk Coffee to increase the production by purchasing the new coffee roaster as it produces in the large capacity. It would also help in increasing the demand in the future. The cost should be managed properly for improving the net profit margin (Galliers, and Leidner, 2014). The distribution and current price for the coffee bags are required to be re-evaluated. It should also expand its market as well its marketing strategy. It also requires to take advantage of the current target market of Catholics. For pricing competitively in the market, the company has to focus to be closer to reduce the waste and sales cost of cutting. The word of mouth should be used by the company to attract the customers. It should hold a competitive advantage among the competitors so that the coffee industry can compete in the market. The workers those who are working in the company should be motivated in order to have continuous improvement (Vogel, and Gttel, 2013). It should also monitor the development of the business in order to achieve the goals. It can also be recommended to the MMC for the marketing strategy that would help to focus outside Catholics current target market. Conclusion From the above discussion, it can be concluded that the MMC is the most successful company in the world. It has been analyzed from the above discussion that the company has adopted the differentiation strategy as it produces the unique products than the other competitor. The customers are attracted by its coffee as it provides the good quality coffee to the society. It can be recommended to the company to expand its business by producing the innovative and different flavors of coffee to the customers in order to attract them. References Buller, P.F. and McEvoy, G.M. (2012) Strategy, human resource managementt and performance: Sharpening line of sight. Human resource management review, 22(1), pp.43-56. Chen, C.M., Delmas, M.A. and Lieberman, M.B. (2015) Production frontier methodologies and efficiency as a performance measure in strategic management research. Strategic Management Journal, 36(1), pp.19-36. Cuganesan, S., Dunford, R. and Palmer, I. (2012) Strategic management accounting and strategy practices within a public sector agency. Management Accounting Research, 23(4), pp.245-260. Drakulevski, L. and Nakov, L. (2016) Strategic Approaches to Creating and Developing the Concept of Business Integrity. Strategic management, 21(2), pp.23-31. Drnevich, P.L. and Croson, D.C. (2013) Information technology and business-level strategy: Toward an integrated theoretical perspective. Mis Quarterly, 37(2), pp.483-509. Frynas, J.G. and Mellahi, K. (2015) Global strategic management. USA: Oxford University Press. Galliers, R.D. and Leidner, D.E. (2014) Strategic information management: challenges and strategies in managing information systems. UK: Routledge. Haines, S. (2016) The systems thinking approach to strategic planning and management. UK: CRC Press. Hitt, M.A., Ireland, R.D. and Hoskisson, R.E. (2012) Strategic management cases: competitiveness and globalization. USA: Cengage Learning. Ho, J.K.K. (2014) Formulation of a systemic PEST analysis for strategic analysis. European academic research, 2(5), pp.6478-6492. Jackson, S.E., Schuler, R.S. and Jiang, K. (2014) An aspirational framework for strategic human resource management. The Academy of Management Annals, 8(1), pp.1-56. Kapferer, J.N. (2012) The new strategic brand management: Advanced insights and strategic thinking. UK: Kogan page publishers. Keupp, M.M., Palmi, M. and Gassmann, O. (2012) The strategic management of innovation: A systematic review and paths for future research. International Journal of Management Reviews, 14(4), pp.367-390. Killen, C.P., Jugdev, K., Drouin, N. and Petit, Y. (2012) Advancing project and portfolio management research: Applying strategic management theories. International Journal of Project Management, 30(5), pp.525-538. Mahoney, J.T. and Qian, L. (2013) Market frictions as building blocks of an organizational economics approach to strategic management. Strategic Management Journal, 34(9), pp.1019-1041. Molina-Azorin, J.F. (2012) Mixed methods research in strategic management: Impact and applications. Organizational Research Methods, 15(1), pp.33-56. Mystic Monk Coffee (2016) Coffee [Online] Available at: https://www.mysticmonkcoffee.com/collections/coffee (Accessed: 29 March, 2017) Mystic Monk Coffee (2017) About us. [Online Available at: https://www.mysticmonkcoffee.com/pages/about-us (Accessed: 24 March, 2017) Priem, R.L., Li, S. and Carr, J.C. (2012) Insights and new directions from demand-side approaches to technology innovation, entrepreneurship, and strategic management research. Journal of management, 38(1), pp.346-374. Rosenbaum-Elliott, R., Elliott, R.H., Percy, L. and Pervan, S. (2015) Strategic brand management. USA: Oxford University Press. Rothaermel, F.T. (2015) Strategic management. NY: McGraw-Hill. Vogel, R. and Gttel, W.H. (2013) The dynamic capability view in strategic management: A bibliometric review. International Journal of Management Reviews, 15(4), pp.426-446. Winn, M., Pinkse, J. and Illge, L. (2012) Case Studies on Trade?Offs in Corporate Sustainability. Corporate Social Responsibility and Environmental

Statistics and Business Research Methods Housing Market

Question: Discuss about the Statistics and Business Research Methods for Housing Market. Answer: Introduction: The housing market in Australia is a strong source of money. There has been a great change in the housing market in Australia from the beginning of the 21st century. Dwelling values are higher in cities like Sydney, Melbourne while Perth, Darwin, Brisbane and Canberra has shown a downward trend in the dwelling values(Buys Miller, 2012). There are several factors that effect the dwelling values. The Reserve Bank interest rate, the Core logic mortgage index, increase in price of property market are some of them(Chhetri et al. ,2013). The objective of this assignment is to study how the housing market in Australia has changed over the few years and what factors are affecting this change. An outline idea about the data collection and the methods used for interpretation and analysis of the data are given in this assignment. Problem statement The problem statement of this research is to determine the change in values of housing market in Australia in the current year and to find out the major factors that are accountable for the change. Aim of the Research The aim of the research is to determine to what extent the dwelling values has been changed in Australia and what are the reasons behind this change. Research Objective The objective of the research is given below: To determine the change in the dwelling value. To determine the major factors (like interest rate of Reserve Bank, Property price of the country) that are the cause behind the change Research questions The study is concerned with answering the following research questions: 1.How much the dwelling value has changed in the recent period? 2.Are there any fluctuations in the values from season to season? 3.How have these values changed across different cities? 4.Are the change in values due to the change in factors like property price, interest rate of Reserve Bank, core logic Mortgage index, etc.? 5.What is the effect on the economy due to this change? Literature review: The interest rate of the Reserve Bank has been lowered. The Core Logic has reported that there is a delay in the housing prices, and the values of dwelling have also increased. Among the top eight Australian cities there has been a decrease in the dwelling values of four cities while four cities have seen a rising in the dwelling values (Muellbauer, 2012). Also, the number of days required to sell the dwelling has become longer as compared to the previous years. The average number o days required to sell dwelling in previous year was 42 days which has become 47 days in the current year. This average value is longest during the period of Christmas and New Year. The dwelling values have been increased in Melbourne by 7.5% and in Sydney by 9.1%. In Sydney, there has been a large number of stock available than the number of buyers. Adelaide and Perth, however, has seen a decrease in the values. Brisbane, Hobart, and Darwin has also seen an increase in the dwelling values. Adelaide and Hobart are the cities where the average number of days required to sell the property has been increased. Methodology: Data collection: The data collection in this problem is to be done by sampling procedure. The cluster sampling method can be used to collect data on dwelling prices of the houses. At first the different cities of the country can be divided into several clusters based on the financial condition. Then the data on dwelling prices can be collected from this cluster. This is a first-hand data or primary data(Yang et al.,2014). There are also some other data that has to be collected for determining the effect of other factors on the dwelling values. These other factors include interest rates of Reserve Bank, Core value mortgage index, property index, etc. The data on these variables can be collected from the sites of the Reserve Bank, official site of Core Logic, etc. These data are secondary data. Data Analysis: The collected data could be analyzed using various descriptive statistics methods. The data used in this case are mainly time series data. Time series analysis could be done to determine the effect of time on the dwelling prices(Box et al., 2015). The time series analysis includes: Trend analysis: To check whether there is any trend(increasing or decreasing) in the welling values. Seasonality: To see if there are any seasonal fluctuations in the values. Cyclical fluctuations: To determine whether there is any oscillatory movement in the time series. Irregularity: To see if there is any irregular movement in the data(Chatfield, 2016). Along with the time series analysis, a regression model has to be fit to see how the factors like interest rate of Reserve Bank, Core Logic index values affects the dwelling prices(Draper and Smith, 2014). The regression that would be used here would be linear regression analysis. The value of the regression coefficients has to be checked whether they are significant or not (Montgomery, Peck and Vining, 2015). A cluster analysis study can also be done to determine if the values of different cities can be grouped into some specific clusters (Anderberg, 2014). For example, the business capital cities of the country will fall in the same cluster as compared to other cities. Conclusion: In this assignment, the change in dwelling prices of the country and the factors affecting the change would be analyzed. A detailed idea about the collection of data, analysis of the data and interpretation of the data has been given. The effect on the Australian economy due to the change of the dwelling values has been analyzed in this data. Also the effect of change of the factors like Core logic index values, Interest rates has been analyzed in this data. This report would help the Australians to take a deeper look on the change in dwelling values. This would also help to increase the state of economy of the country. References: Anderberg, M. R. (2014).Cluster analysis for applications: probability and mathematical statistics: a series of monographs and textbooks(Vol. 19). Academic press. Box, G. E., Jenkins, G. M., Reinsel, G. C., Ljung, G. M. (2015).Time series analysis: forecasting and control. John Wiley Sons. Buys, L., Miller, E. (2012). Residential satisfaction in inner urban higher-density Brisbane, Australia: role of dwelling design, neighbourhood and neighbours.Journal of Environmental Planning and Management,55(3), 319-338. Chatfield, C. (2016).The analysis of time series: an introduction. CRC press. Chhetri, P., Han, J. H., Chandra, S., Corcoran, J. (2013). Mapping urban residential density patterns: Compact city model in Melbourne, Australia.City, Culture and Society,4(2), 77-85. Draper, N. R., Smith, H. (2014).Applied regression analysis. John Wiley Sons. Montgomery, D. C., Peck, E. A., Vining, G. G. (2015).Introduction to linear regression analysis. John Wiley Sons. Muellbauer, J. (2012, September). When is a housing market overheated enough to threaten stability?. InProperty Markets and Financial Stability, RBA Annual Conference Volume. Reserve Bank of Australia. Yang, S., Chen, K., Chen, X., Shi, J., Li, W., Du, Q., ... Gao, G. (2014, March). Reliability and validity evaluation based on Monte Carlo simulations by computer in three-stage cluster sampling on multinomial sensitive question survey. InAdvanced Engineering and Technology: Proceedings of the 2014 Annual Congress on Advanced Engineering and Technology (CAET 2014), Hong Kong, 19-20 April 2014(p. 271). CRC Press.