H.W Assignment Example | Topics and Well Written Essays - 500 words - 2

H.W - Assignment Example Secondly, teams at the workplace improve professional relationships, cooperation, and understanding among workers. Consequently, improved quality and quantity of work output enhances organizational success. In addition, teams significantly contribute towards enhancing motivation among employees. Further, they also help in shaping up trust among employees and the top management resulting into better and high productivity. It is imperative for every manager to adopt initiatives that ensure improvements in team performance. The foremost step is to organize for a day trip. Manager should organize for trips in an effort to reward the employees who showed exemplary performance in their past work. Bonding, free interaction, and encouragement take effect. Further, it gives employees break from work. The second way of improving performance is through encouraging informal address. At this point, managers take a break from the norms of formal interaction with the employees and urge them to speak freely (Griffin and Gregory 261). As a result, workers and their bosses share ideas through open communication hence maintaining healthy work relations. Management should also recognize and celebrate performance of identified exemplary employees. The employees who achieve excellence or success in their duties demand appreciation and recognition. Management rewards the employees with either promotion or special packages that motivating workers and inspires the other employees. Managers should encourage group discussion sessions that act as a forum for successful team members to shares their achievement with colleagues. Similarly, the managers may inquire about employees about their views and suggestions. Consequently, the gesture promotes teamwork, employee confidence, value, and a feeling of belonging by all staff members. To ensure effectiveness in the team, manager should conduct activities including employee feedback

The Advantages and Disadvantages of Free Trade Essay

The Advantages and Disadvantages of Free Trade - Essay Example It is also because of free trade that multilateral organizations such as the World Trade Organization, North American Free Trade Agreement, and Asia-Pacific Economic Cooperation were formed. Generally, the aim of these formations is to reduce tariffs and to abolish these ultimately in order to remove barriers to free trade. Globalization itself is an offspring of the free trade concept. The objective of globalization is to remove national borders and to have a world economy that is governed not by states but by the abstract laws of the market. However, free trade has been found to have serious flaws too. It may have advantages but its disadvantages are also just as significant. Because of this, the debate on whether it is really good or bad to the economy of a country has been brought to the fore. One camp insists that free trade brings about economic development that would benefit society while the other asserts that it leads to more serious social inequalities and unfair trading pr actices. In order to determine whether it is really beneficial or not, it would be necessary to discuss the advantages and the disadvantages of free trade. By doing so, one can weigh the pros and cons and come up with a conclusion as to whether free trade is generally positive or negative. The Advantages of Free Trade One of the very first points that are often raised regarding the advantage of free trade is related to increased production. In order for a country to trade with others, it is compelled to heighten its production of commodities in which it is specialising in. The premise here is that every country has a comparative advantage. David Ricardo explains that â€Å"a nation was said to possess comparative advantage in those products for which its labour was relatively productive† (Yoffie 1993: 4). If a country has to exchange goods with another it would be compelled to increase its production to equalize the trade. It is through the increase of production that other b enefits and advantages of free trade would follow. Whatever comparative advantage a country may have would be lost though if production is inefficient. One that does not engage in international trade would naturally be less inspired to improve the efficiency of its production. In a world with a free market system though, competition among the traders inevitably becomes intense. Consequently, such competition would prompt the manufacturers or producers not just to enhance the quality of their products but also raise the efficiency of their production. Through better efficiency, more could be produced and less wastage is achieved. If the commodities produced by a particular country are of better quality than those of its competitors, these would gain the advantage in the market. This is obviously good for the economy of the said nation. Improving production efficiency would also prompt technological advances. Apparently, it is only through automation that many types of commodities can be produced in large quantities while raising the level of its quality. With the manufacture of more machines and devices in support of automation, production or the creation of value by a society consequently increases. The two aforementioned advantages of free trade lay the basis for the following other benefits. Free trade is beneficial to the consumers or the buying public in a country that is engaged in it.