Economic Research Papers

The business environment is currently very competitive, and it is imperative that organizations invest in different aspects if they are to remain competitive. The Continuous Process Improvement has been fronted as a possible concept that can help firms achieve the much needed competitive edge.

This is a healthcare organization located in the United States and operates over 20 hospitals across the nation. Banner HealthCare is a large organization and is 2nd largest in Arizona after Walmart. It has a mission strategy that directs its strategies as well as objectives. Its mission statement is “We exist to make a difference in people’s lives through excellent patient care” (Banner Health, 2014). The main objective of Banner HealthCare is to provide health services to people. Therefore, all its efforts should be geared towards achieving this fate. The health organization is nonprofit making. However, the organizations earnings are significantly high. For instance, in the year 2010, the company reported revenues worth $4.9 billion. The revenues in the year 2013 amounted to $5 billion while that in the year 2014 was $5.4 billion (EY, 2015). This article will analyze the financial reports of Banner Health for the year ended December 2014.

According to Canumalla and Viswanadham (2010), apple is the world’s leading creator and manufacturer of high quality computers, smart phones and other consumer electronic devices and software. The company has a large stake in the electronic market, with its exceptional products which compete with the very best of products from other multinational companies championing the electronic market in various countries due to its unique brand. Headquarters for apple are found in Cupertino, California, the company boasts of having a huge labor force offering a wide range of employment opportunities for new skills and ideas in the giant electronic industry to be developed.

Human resource management is one of the most important activities in an organization. It is an activity that can give the organization a competitive advantage. It is the people who carry out all the other activities in an organization (Saiyadain, 2009). Therefore, if the activities are well executed, the organization will have a good performance, and if they do not execute them well, the organization will have a bad performance. In other words, the people are the once who determine the performance of an organization. The human resource managers have the responsibility of ensuring that the organization has the right people/employees and that they are always satisfied. This is because it is only when people are satisfied that they can be able to perform well. The current world is changing so rapidly, and, therefore, the management should be up to date with the changes so as to ensure that the organization does not lose its advantage.

The SWOT analysis is important for any organization as it often shows the different aspects of the organization. It shows the organizations the strengths that it has, the weaknesses, the threats and the opportunities that exist for the organization.

Fiscal policy is the deliberate act by the federal government to control its spending and taxation. It is an economic tool used by the federal government to exert an effect on the course of the economy. The Council of Economic Advisors is responsible for the decisions regarding the application of the fiscal policy.

Economics, social science
Social sciences equals human behavior
demand curve vital, dictates demand and supply
demand, quantity desired

Variation in health care practices refers to the different ways in which health services are being carried out. Different people with the same health conditions and complications end up receiving different health attention. The difference can be accounted for by many varying factors such as the places they seek medical care,

The low-cost strategy can be described as a pricing strategy where a company offers a low price to stimulate demand as well as gain market share. It is important to understand that it is often usually employed where the product has few or even no competitive advantage, and where the economies of scale are achievable, and there is the presence of higher production volumes (Jayaswal, 2009). To use the low-cost strategy, a company should be able to have a thorough understanding of costs and how the company can be able to reduce them. “The company should be willing to standardize all its offering in order to manage the costs, and this often implies that exceptions that are requested by prospective customers that must be limited or even excluded in order to keep the costs down for the consumers” (Jayaswal, 2009).

Delta Air Lines is one of the biggest major American Airlines. The company has its headquarters and largest hub in the Hartsfield-Jackson Atlanta International Airport in Georgia. It is critical to recognize that indeed the present company is the result of several mergers with several airlines, and the largest and most recent was a merger with Northwest Airlines. The company is the sixth oldest operating airline in regards to foundation date, and it is the oldest airline that is currently operating in the United States. The company’s history has been traced back to the Huff Dusters and Daland and it was founded in the year 1924 in Georgia as a crop dusting operation.