NYC Building Workers Vote to Authorize Strike
The global economy has been growing tremendously, and an intuitive trade plan and an on-target approach are important for a firm’s success. The Wall Street Journal (WSJ) article on New York City (NYC) building workers strike, touches on the importance of implementing effective business strategies. Therefore, achieve potential growth and navigate through the highly competitive business environment. The contemporary business world is characterized by high competition since every organization aims at achieving their goals. The competitiveness means that corporations must put up a variety of concepts into consideration, such as analysis of the comparative advantage, cost, marginal utilities, production among others. Hence, the paper summarizes the article by relating it to the economic concepts learned in class.
According to Babson, Van Deusen and Williamson (2007), a strategy can never be perfect, flawless, and optimal but it should be flexible and pragmatic. The Realty Advisory Board on Labor Relations, therefore, had planned for negotiations with the locals to deal with the striking workers and to re-adjust their business strategy to end the strike. In my opinion, I believe that having the negotiation talks …show more content…
The intuitive concepts hidden in the method of capabilities is that specific functions are fundamental in human life. It means that the presence or absence of one leads to absence and presence of the public. Therefore, the basic assumption that arises from the article is that a nation’s economic development includes full involvement of the citizens who are also comfortable with their work environment. Offering incentives, raising wages, and having a satisfactory employment setting for the NYC personnel would ensure constant supply and production chains. In return, the economic activities in the state will
The global economy has been growing tremendously, and an intuitive trade plan and an on-target approach are important for a firm’s success. The Wall Street Journal (WSJ) article on New York City (NYC) building workers strike, touches on the importance of implementing effective business strategies. Therefore, achieve potential growth and navigate through the highly competitive business environment. The contemporary business world is characterized by high competition since every organization aims at achieving their goals. The competitiveness means that corporations must put up a variety of concepts into consideration, such as analysis of the comparative advantage, cost, marginal utilities, production among others. Hence, the paper summarizes the article by relating it to the economic concepts learned in class.
According to Babson, Van Deusen and Williamson (2007), a strategy can never be perfect, flawless, and optimal but it should be flexible and pragmatic. The Realty Advisory Board on Labor Relations, therefore, had planned for negotiations with the locals to deal with the striking workers and to re-adjust their business strategy to end the strike. In my opinion, I believe that having the negotiation talks …show more content…
The intuitive concepts hidden in the method of capabilities is that specific functions are fundamental in human life. It means that the presence or absence of one leads to absence and presence of the public. Therefore, the basic assumption that arises from the article is that a nation’s economic development includes full involvement of the citizens who are also comfortable with their work environment. Offering incentives, raising wages, and having a satisfactory employment setting for the NYC personnel would ensure constant supply and production chains. In return, the economic activities in the state will