The Changing Relationship Between Government Essay

The Changing Relationship Between Government - Essay Example There is some form of a market which gives the government too much power in the market and therefore it is the form that is used by different countries that is ultimately the one which determines the kind of relationship between any government and the business. There is some form of the market which gives the government too much power in the market and therefore it exerts a lot of control when dealing with business. This as the characteristic of most emerging markets immediately after the Second World War. But the capitalist economies have proved that closed markets which are controlled by the government are no better than an open market where the theories of demand and supply are used. In the closed market, there is a lot of control on the price of commodities in the market as well as the process of the business. The government sets the prices which are in the effort of preventing the businesses from exploiting the consumers. But this model of the market gives fewer market incentive s for the business and it also encourages monopoly. There is also a lot of political control of the business. Therefore liberalized market has been seen as an appropriate market model that can be used by the government in the market. Many countries have in the recent past adopted a liberalized market and have recorded massive growth in their economies. For example, China has been having a socialist closed economy until 1989 when it opened up the market. Since then there has been massive growth of the economy which has performed well compared to the earlier times. China has been able to rise to one of the strongest world economy by liberalization its market.

Management Essay Example | Topics and Well Written Essays - 250 words - 24

Management - Essay Example ayo Clinic’s organizational culture and health care value chain are strengths that can be considered as long-term competitive advantages because they are rare, hard to imitate for competitors, and can be sustained. Its organizational culture is rare because of its strategic human resource management hiring and development policies and practices that ensure that the organization hires the right people who fit the values and strategic directions of the company (Niesen). Furthermore, Mayo Clinic has a well-coordinated, science-and-technology-centered, patient-oriented, user-relevant health care value chain that it has refined for more than 100 years that cannot be easily imitated by competitors. In addition, Mayo Clinic has a positioning strategy that merges cost and differentiation leadership. It is focused on reducing costs, but it also differentiates itself by being quality leader through research and development. Moreover, the basic meaning of the article is that it shows how difficult it is to become the best in a health care industry where costs are increasingly going up, but Mayo Clinic is succeeding because it has long-term competitive advantages, due to its dedicated, competent employees who have made a system that is not only cost-efficient, but also quality-centered. Mayo Clinic asserts that its success is a product of its systems and human resources. This is how its R&D works: â€Å"Our basic science and physician researchers are completely integrated into the Clinic and they work very closely with the physicians to understand the key questions that are out there, so that their work has real meaning† (Niesen). Its research is based on actual clinical problems. Moreover, Mayo Clinic underlines the value of its human resources to its success. For example, to drive efficiency, it hires and maintains competent engineers to focus on it: One of our secrets is weve had a very strong tradition of engineering at Mayo Clinic. We have 100s of engineers