Canadas Changing Demographics and the Work Force Essay Example for Free

Canadas Changing Demographics and the Work Force Essay What has happened to Canada’s demographics over the past 50 years? Over the past fifty years, Canada’s demographics have been fluctuating significantly in terms of age and sex structure. During the mid-twentieth century, the population distribution pyramid was owned by the younger people and youth while the aged were not as highly populated. Now, the pyramid does not even resemble a pyramid; an increase in life expectancy, and a drop in fertility rates may account for such a drastic and effective transformation, and this sudden drop on the charts represents the large cohorts of the baby boomers, who are now beginning to play, perhaps even a slightly harmful, role in the economic workforce. In terms of statistics, these changes represent well the aging that has taken place in Canada over the past fifty years. Between 1956 and 2006, the median age of the Canadian population went from 27. to 38. 8 years, an increase of more than 10 years over a span of fifty years. By 2056, the median age is expected to reach 46. 9 years, or 20 years more than it was in 1956. In terms of demographics in the work force, during the third quarter of the twentieth century, there were almost 8 adults between 15 and 64 years of age in Canada for each person aged 65 years or over. However, the demographic dependency ratio for seniors in 2006 was just over 5 persons aged 15 to 64 years for each person aged 65 years and over. This ratio gives an approximation of how many elderly persons there are in relation to the potential pool of workers. During the last twenty-five years, the ratio has gradually yet significantly decreased to its current level. This downward trend could also continue into the future, according to recent population projections by expert analysts. Regardless of the scenario selected, most projections show a continuation of the decline of this indicator of population aging. According to the projections, in the year 2056 there would be only 2. working-age persons for each person aged 65 years or over, an even lower ratio than we are dealing with at the present moment. The Issue of Age Discrimination Age discrimination is defined, technically, as the idea of restricting persons from getting hired, promoted, or discriminated, in a position on the basis of age. It involves adverse work treatment of an employee based on a class or category that the employee belongs to – employees over age 40 rather than on the employees individual merit. The Age Discrimination in Employment Act of 1967 (ADEA) protects certain applicants and employees 40 years of age and older from discrimination on the basis of age in hiring, promotion, discharge, compensation, or terms, conditions or privileges of employment. In fact, any action that an employer takes that adversely affects a disproportionate number of employees over 40 is also age discrimination. Various different types of age discrimination do exist throughout the workforce. It would be sensible to be knowledgeable on one’s rights in terms of age discrimination to ensure that future conflicts as such are avoided. . Denying Employment: Denying ones rights on hiring and employment based on their current age (most cases involve the misjudgement of one’s capabilities due to inexperience and young age) 2. Position-Based Employment: When one is already working for a company and is denied another position, perhaps a promotion, within the company based on their current age. 3. Salary-Based Employment: While it is reasonable to assume that a person with more experience and education will apprehend a higher salary, even for doing nearly the same work as another person, there may be cases where that is not applicable. Some cases involve the act of paying more to one person while another is doing almost identical work yet is being paid less, yet one person is significantly older or younger than the other. 4. Housing-Based Solutions: This type of age discrimination is different than others, simply because it is not related to employment. Some communities specifically cater to older adults, but this is an exemption to housing discrimination allowed under the Housing for Older Persons Act (HOPA). This is true in many retirement communities, for example, for which often do not allow those younger than age 55 years to own property or live there. Current myths regarding the older work force employees There do exist, however, many myths about the capabilities of older workers in the field and how efficient they would be if they were to continue working in the workforce as they age. One circulating myth is that older people cannot or will not learn new material as efficiently as younger people, which is the most prominent one of the rest. A few others include the idea that older people are not flexible or adaptable to the work environment, that older people are less productive, and that older workers are more expensive than younger workers. There has been great debate on both sides of these theories, given that although people do accept that older people should not be discriminated against and limited in terms of the workforce, there do still exist aspects in their work habits and the resources needed to provide for them in the workplace which are less ideal than if younger people were to be hired instead. Some issues that may have to be dealt with throughout the workplace with elder people include more health protection, more resources to provide for them, and perhaps even more training to ensure that they are not slow in apprehending the skills necessary for the post (all of these factors also relate back to idea of more expenses in general). Labour shortage in Canada Figure 1. Statistics on the recent study on Canadian labour shortage by province Figure 1. Statistics on the recent study on Canadian labour shortage by province Finally, the case for job shortages in Canada became thinner recently with the most recent data showing vacancies actually fell to 200,000 at the start of the year, meaning there were 6. 5 unemployed workers chasing each opening. The fresh data is just the latest indicator that seems to undercut government and business arguments that Canada is facing a serious skills and labour shortage. Furthermore, given the fact that older citizens are beginning to retire from their positions, there is an increased risk of labour shortages beginning to emerge. Parts of the economy such as the food and restaurant, oil, and public services industries are beginning to face such issues, and this area of conflict may even continue to grow over the decades, perhaps even spread and expand to more parts of the economy. In terms of action against this issue however, steps have already been put into effect by different organizations and the Canadian government. Progress has been made to reduce barriers to work by providing tax incentives for working Canadians and by modifying Employment Insurance and Guaranteed Income Supplement programs to remove penalties for working people. Canadian Prime Minister, Steven Harper, responded that â€Å"there are certain cases in Canada where there are absolute shortages of workers† and that he will â€Å"ensure the programs put in effect are reformed so they may not be misused in any way. The government has already begun to take action to further reduce barriers to work for Canadians, given that Canada’s labour shortage is not only a skills shortage, but a person-shortage that will have an increasingly negative affect on the economic growth and prosperity of all Canadians. The diminishing young worker to retired elder-ratio should be a clear indication that a conflict is, and will be prominent throughout the next couple years or decades in Canada’s economy, and that action must be tak en as efficiently as possible to avoid a serious problem for both our current and future generations.

The Equivalents In The Little Man Computer Information Technology Essay

The Equivalents In The Little Man Computer Information Technology Essay There are two different registers .MAR keeps address and MDR takes the content and read from the memory which was indicated by the MAR. These each memory location has an address. These address are identifiers them and the data which is stored there, only as each mailbox in the LMC has both an address. Slip of paper including the data stuffed into the slot. 9.19) Describe the steps that occur when a system receives multiple interrupts? -If we encounter with multiple interrupts, first interrupt makes a suspension of the program executing at the time, memory of programs critical parameters and transfer of control to the program which are handles the determined interrupt. After first interrupt, the second interrupt occurs. Second interrupts priority is compared to that of the original interrupt. When its priority is bigger, it gets precedence and the original interrupt program is itself suspended. In the contrary, processing of the real (original) interrupt keeps going and the new interrupt is caught on till the original interrupt program is complete. If the higher priority interrupt process is completed, the lower interrupt is processed. When any interrupts do not occur and when any interrupts result do not occur in the suspension of all CPU processing, control eventually turn back to original program which then resumes processing. Generally, multiple interrupts cause in a queue of interrupt handler programs. These p rograms are executed by priorities associated with each interrupt. 11.19)Carefully explain the differences between a client-server network and a peer-to-peer network. Compare the Networks in terms of capability and performance. -There are many big diffarence between a client-server and a peer-to-peer network. Firstly a peer-to-peer network do not has a central server. Each workstation on the network shares its files equally with the others. There is no central storage or authentication of users. On the other hand, there are allocate dedicated servers and clients in a client/server network. Via the client workstations, users can find lots of files that generally stored on the server. The server will determine that users can reach the files on the network. Peer-to-peer network is very usable because it can be installed in your homes or in a very small businesses. Employees can interact regularly there. On the other hand they are very expensive to set up and they gives almost no security. However, client-servers networks can become big to you need them. Millions of user support it and offer elaborate security measures but it is very expensive. When we compare two networks we can see that Peer-to-peer networks has: any PC is an equal participant on the network, PCs are not reliant on one PC for resources like printer, access to the network is not centrally controlled, operate on a basic PC OS, generally simpler and cheaper. Client-servers: A PC acts as the network controller, A PC controls access to network resources, network reach and security are centrally controlled, Need a special OS, generally more complicated but give the user more control. 11.21)Clearly and carefully discuss each of the advantages of clustering. -Clustering is two computers are in interconnecting and can create a solution when a problem occurred. One of the most important advantage of clustering is that if one of the computer has a fail, another computer can see the problem and automaticly recovery this problem. The users see no interrupt of access. Clustering computers for scalability include increased application performance and it has support of a greater number of users. It can cause ability to perform maintenance and upgrades with limited downtime and easily scale up your cluster to a maximum of seven active Exchange Virtual Server. 8.8)Carefully discuss what happens when a cache miss occurs.Does this result in a major slowdown in execution of the instruction? If so, Why? Cache miss means that cache controller can not do true fill the cache via the data processor acculy needs next .Cache misses slow down programs because the program can not going on its executing till the requested page is fetched from the main memory. In other words, The first cache miss will recompute the data, another request will get a cache miss and also recompute. As a result, this situation added calculation might slow down the whole system leading you to a loop. 7.14)As computer words get larger and larger,there is a law of diminishing returns:the speed of execution of real application programs does not increase and may,infact,decrease.Why do you suppose that this is so? Firstly we have to know marginal utility for understand to deminishing returns. The law of diminishing marginal utility helps people to understand the law of demand and the negative sloping demand curve. If you have something less, the more satisfaction you gain from each additional unit you consume. For instance; when you eat a chocolate bar, it taste is sweet and you were satisfied. However, when you continue to eat chocolate ,its taste started to disgusting for you and your pleasure will go decreasing. Another example can be classical System processors (CPUs). They are generally priced in an exponential manner: the fastest CPU available at any given time is so expensive, and then prices decrease quickly as you go down in speed yet, the increase in performance by getting a CPU thats a little bit faster is very slight. 7.16)Create the fetch-execute cycle for an instruction that moves a value from general purpose register1 to general purpose register2.Compare this cycle to the cycle for a LOAD instruction. What is the major advantage of the move over the LOAD? For moves: REG1 -> MAR MDR -> IR IR -> MAR MDR -> REG2 PC + 1 -> PC For load: PC -> MAR MDR -> IR IR -> MAR MDR -> A PC +1 -> PC The move fetch-execute cycle is beter because it is faster than LOAD because it occures between two registers. Registers are always faster than main memory. 8.11) a) Suppose we are trying to determine the speed op a computer that executes the Little Man instruction set. The load and store instructions each make up about 25% of the instructions in a typical program. Add, subtruct, in, and out take 10% each. The various branches each take about 5%. the halt instruction is almost never used (a maximum of once each program, of course!). Determine the average number of instructions executed each second if the clock ticks at 100 MHz. The  load  and  Store  Ã‚  take  five steps .The Add  and Subtrack also require five steps, IN and out  require four , SKIPs require four, and JUMPs require three. Then atypical  program  mix requires S = 0.25 (5  +  5) + 0.10 (5  +  5  + 4 + 4) + 0.05 (4 + 3) = 4.65 steps per  instruction  on average. If the clock ticks at  10  MHz., the number of  instructions  executed in a second, N = 10,000,000 / 4.65 = approximately 2.17  instructions  per second. b)Now suppose that the CPU is pipelined, so that each instruction is fetched while another instruction is executing. What is the avarage number of instructions that can be executed each second with the same clock in this case? With pipelining,  each  instruction  is reduced by the two steps required for the fetch. Then, N = 10,000,000 / ( 0.25 (2 + 2) + 0.10 (2 + 2 + 1 +1) + 0.05 (2 + 1) ) = approx. 5.7 million IPS 8.18) Some systems use a branch prediction method known as static branch prediction, so called because the prediction is made on the basis of the instructer, without regard to history. One possible scenario would have the system predict that all conditional backward branches are taken and all forward conditional branches are not taken. Recall your experience with this programing in the little man computer language. Would this algorithm be affective? Why or why not? What aspects of normal programming, in any programming language, support your conclusion. Little man algorithm can be affective for branch prediction method, because it is suitable for pipeling. Witout branch prediction,users have to wait till the conditional jump instruction has passed the execute stage before the next instruction can enter the fetch stage in the pipeline.You can avoid this waste of time via the branch predictor attempts. 7.6) Most of the registers in the machine have two-way copy capability; that is, you can copy to them from another register, and you can copy from them to another register. The MAR, on other hand, is always used as a destination register; you only copy to the MAR. Explain clearly why this is so. -Addresses are always moved to the MAR; there would never be a reason for an address transfer from the MAR to another register within the CPU, since the CPU controls memory transfers and is obviously aware of the memory address being used.

The Use of Cell Phones While Driving is Dangerous Essay -- cell phone,

Although cell phones have not been around for a very long time, they have become a key part of our lives. People use their cell phones for just about everything such as: texting, talking, schedule planning, internet surfing, etc. Sometimes we can even do two or more of these things at the same time. Unfortunately, people are also choosing the wrong time to be using their cell phones: while they are driving. As a society, we have become so focused on how much we can do at one time that we are willing to risk our personal safety as well as the safety of others because we can’t put down our cell phones. Using a handheld cell phone while driving is dangerous to the driver themselves for a couple of good reasons. One such reason is that maneuvering your vehicle while using a cell phone is made even more difficult because one hand is busy fiddling with the phone instead of resting on the wheel. From personal experience, it is harder than most people think to drive or perform driving maneuvers with one hand. Parallel parking is very difficult for most people, even with both hands; doing it one handed would be made impossible because parallel parking requires incredibly subtle movements with the steering wheel. On the main roads, vehicles will often pass you and either slow down or speed up while in front of you which indicates some sort of distraction that hampers their ability to maintain a constant speed. Another reason is that by allowing their focus to waiver during handheld cell phone use, drivers forfeit their ability to react quickly to difficult and/or dangerous situation s. Such a situation might be missing an important turn or exit which may require a lot of backtracking depending on whether the driver is in the cit... ...around the driver if they cannot concentrate on driving. I believe that handheld cell phones should be made illegal because of the unnecessary dangers they create. While I cannot tell you what you should and should not do, I do hope that based on this paper that you are able to use your better judgment and act responsibly. Hang up and drive because using a cell phone while driving is not worth the risk of taking your own life or someone else’s. Works Cited Clark, Scott. â€Å"A Close Call – But Don’t Ban Cell Phones In Cars.† Buzzmaven. Buzzmaven Labs, 17 Apr. 2007. Web. 10 June 2010. . â€Å"Distracted Driving: What You Don’t See.† Oprah. Harpo Productions, 15 Jan. 2010. Web. 10 June 2010. .

The Use of Narratives to Express the Religious Beliefs of People in Wes

The Use of Narratives to Express the Religious Beliefs of People in Western Religions For the layman, familiarity with the major religions stems from the stories that are associated with them. Using the narratives that are derived from the sacred texts is the most prominent way in which our society identifies the Western religions. The Jewish tradition is best correlated to stories like the Exodus and the parting of the Red Seas, for example, as are the many tales of the miracles of Jesus connected to Christianity. This essay will present narratives as an easy method of providing the basic groundwork for the Western religious traditions of Judaism, Christianity, and Islam because of their simplicity and easily transmittable nature. Furthermore, narratives impart many of the rules, laws, and moral fundamentals for these faiths, and are used by religious writers as a novel method of initiating discussion or providing a parallel for other narratives. From the beginning of the book of Genesis in the Holy Bible, it is evident that the identity of Jews, Christians, and Muslims in the West hails from Biblical narratives. Genesis and its two accounts of creation are an essential starting point for Jewish, Christian, and Islamic beliefs. It provides a foundation for devotees of these religions to worship their God as the ultimate creator of the heavens and earth, day and night, sun and moon, all the animals and vegetation that inhabits the world, and human beings. For Jews and Christians, God created the world in six days, taking rest on the seventh day. However in the Islamic tradition of creation, Allah's actions on the seventh day are quite different from the Judeo-Christian beliefs. In the Koran, it states, "In six days He c... ...the preferred method of transmitting the religious beliefs of peoples. Furthermore, our modern Western society easily portrays the identity of Christians, Jews, and Muslims through narratives in media, such as the news, movies, comic books, and television. Because of the way in which stories help people easily grasp the lessons and morals taught by religions, narratives are at the core of the teachings of Islam, Christianity, and Judaism, presenting fundamentals as well as being a resource for writing upon subject matter dealing with the those theologies. Works Cited Buber, Martin. Hasidism and Modern Man. New York: Horizon Press, year? The Holy Bible. New International Version. Nashville, Tennessee: Broadman and Holman Publishers, 1995. The Koran. Trans. N. J. Dawood. New York: Penguin Books, 1997 Wiesel, Elie. Night. New York: Bantam Books, 1960.

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The Atkins Diet: Is it healthy? Dr Robert Atkins Born: 17-10-1930 Died: 17-04-2003 [IMAGE]Dr Atkins, the creator of the Atkins Diet. His unconventional theories on nutrition have changed the way Americans think about eating. Atkins low-carbohydrate approach and 4 step program have become an obsession for many people at a time when two thirds of Americans are overweight or obese. But the Atkins diet has its disagreement, some of whom say that its emphasis on high cholesterol foods can make it dangerous. The Atkins diet promises that not only you will lose weight and not be hungry with a low carbohydrate diet, but you’ll also be on the road to better heart health and memory function, as well as other wellness benefits. Dr Atkins’ philosophy is that if you follow his diet and eliminate highly refined carbohydrates, you will:  · Burn fat fast, instead of carbohydrates, and lose weight quickly.  · Stave off hunger between meals because high-protein diets are more satiating than high carbohydrates ones. As protein digested slowly in the system, high protein diets also stabilise blood sugar levels, which can prevent common conditions such as fatigue, depression, headaches, joint and muscular pains.  · Improve your health; because as you burn fat you will eliminate toxins stored in fat cells. The diet plan allows you to eat foods that many dieters have only dreamed about. The diet plan is said to work even if other diets have left you feeling depressed and deprived. The diet Atkins at a glance: * Sets few limits on the amount of food you eat but instead severely restricts the kind of food allowed on your plate: no refined sugar, milk, white rice, or white flour * Allows you to eat foods traditionally regarded as â€Å"rich†: meat, eggs, cheese, and more * Claims to reduce your appetite in the process * On the Atkins diet, you’re eating almost pure protein and fat.

Business continuity Essay

Just in time concept is a lean operation concept applied in supply chain management where an enterprise strives to produce only what is needed, whenever it is needed and in the amount that is needed. It allows for efficient production of quality products through complete waste elimination, avoidance of inconsistencies and also elimination of non-value addition activities within the production line. (Lieb & Miller 1988) According to (Stank & Crum 1997) the wastes that are eliminated are related to labour, where over staffing is a waste, time, in this case idle time or use of extra time to accomplish a goal is considered waste. Just in time concept emphasizes on customer requests and avoids making decisions based on forecast. In this concept, inventory is considered as an additional cost to the process. Traditionally, it would be considered to be value adding in the system. In this case, businesses and organisations are advised to eliminate any form of inventory that does not impact any additional value to the product. The just in time concept has various benefits to a business firm or enterprise. The benefits include an improvement in the flow of goods into, within and from the warehouse. There is also better planning and consistency in the organisation. Manpower can be reduced when production process has stopped mainly due to planned shut downs for maintenance, stocktaking activities, or any other reason (Stank & Crum 1997). This helps the enterprise to save on cost related to labour and other production overheads. When an organisation adopts the JIT concept and implements it, it helps in the production of better quality products and also increases the efficiency of production. All the aforementioned benefits are customer oriented. We therefore realise from the benefits customer satisfaction is enhanced. This in turn has an impact on customer loyalty and improved sales by the organisation. The net effect of this is improved profits by the organisation (Swamidass 2000). Despite having all the above benefits, the outcome of the terror attacks on September 11 has cast a lot of doubt on the just in time (JIT) concept deliveries in the supply chain. In a supply chain, each organisation along the chain depends upon a supplier and therefore in case of a hitch along the chain, the repercussions are felt along the whole chain. Before the September 11 attack the â€Å"JIT† was comfortably applicable and implemented to various businesses. Until this time, overstocking was avoided and components were delivered to the right place at the right time and in the right form with no hitch. Piling of inventory was avoided and production processes proceeded smoothly. However, the events of September 11 reversed all these, there were delays caused by grounding of aircrafts and also a longer time was required for border inspections. Transport on land was also highly affected. As an example, due to these interruptions, commodities destined for the Gap, Banana republic and the old navy stores ended up to a warehouse next to an airport. The business environment, both external and internal will always be fluctuating. External environment like the impact from natural calamities e. g. hurricanes, snow, storms, floods, earthquakes and internal environments like strikes, affect business operations. Therefore, for an organisation with a JIT system, in case of any fluctuation in the business environment, the supply chain will be disrupted and therefore flow of products downstream will not be realized (McClenahen & Jusko 2001). For a sudden change in the business environment, the shocks will be felt throughout the supply chain. There will be a gap that will be created along the chain at the point where the fluctuation is highly felt. It is a noble idea for businesses to consider having some safety stock on hand at each link of supply chain, which will take care of the emergencies in case of any eventuality. Since a supply chain consists of a network/series of suppliers and consumers, a hitch on one supplier side will affect the consumer who is also a supplier to the next consumer. Therefore in a business that has adopted the JIT system, it might end up being grounded because of lack of inventory to process or sell to the next stage of the chains. It is therefore highly recommended for such businesses to develop a Just in case system, a system that allows for a safety supplies that will take care of any eventualities. Even though the JIT system has a number of shortcomings in case of shocks within the supply chain, it is important to note that organisations can still implement JIT and maintain an attractive supply chain with lean inventories even during emergencies. To achieve this, one of the moves that a firm can make is locate where there is stock piling of inventories (Lu & Kyokai 1989). Firms can have most of its inventories stocked next to or near their locations. This will help overcome the problems due to shipment or air transport in case these modes of transport are affected. A firm can also consider having more than one supplier for a given commodity, this will be a second option during emergency situations. For an organisation to succeed in its implementation of the JIT system, major changes within the organisation need to be undertaken. The top management need to show commitment and offer full support. They are also required to lead from the front if the benefits of the JIT system are to be realised. The adoption and implementation of the JIT system will substantially affect the mode and criteria through which carriers and other logistics services providers will be recruited by the organisation. Organisations should be able to come up with service providers who are very efficient so as to pass on the efficiency downstream the supply chain. The just in time concept is highly dependent on the speed and efficiency with which products are moving at along the chain. It is therefore worthy to mention that the JIT system will highly affect the style of operations in the logistics industry. The number of logistics service providers to be recruited will also be determined by the success of the JIT system. According to (Ian 1988), constant and effective communication between business firms and their suppliers is another important factor that will affect the future of JIT in the global business environment. The quality of information that will be conveyed should also be put into consideration. The right information should be conveyed to the right place, at the right time and to the right person. A successful implementation of the JIT system in the future will highly depend on additional training of the implementing personnel (Abuhilal, Rabadi, & Sousa-Poza 2006). A lot of emphasise should be on the training of the personnel that are directly involved in the implementation of the JIT concept. This should not be taken to mean that other employees in the organisation should not be trained. An elaborate training plan on this system should be unveiled and the concerned departments or functions for example, production, logistics, marketing should be given intense training. The major areas to be considered should include: policies on JIT system, communication skills and training on commitment to the principles of JIT. The future of the just in time (JIT) system in the global environment will highly depend on the level of technology that will be embraced by an organisation. This includes both in machinery and other office operations. Adoption of improved technology for material handling is a key area that firms need to look at. They should consider embracing cross docking or flowing inventory through a distribution centre. With an improved material handling facility, the businesses can absorb shocks easily in the event that there is disruption in the supply chain (Kreng & Wang 2005) The use of information technology is in inventory management is particularly crucial if the growth and success of the JIT system is to be guaranteed. Business organisations should utilise information technology resources both in hardware and software so as to enhance the success of the JIT system. Enterprise resource planning (ERP) modules should be adopted for inventory management and controls within the organisation. Internet resources should be highly utilised for an effective JIT system. The most applicable resources include e-procurement, e- marketing. e-banking and e-mailing. When an organisation conducts procurement via internet, a variety of goods both in terms of quality and quantity may be obtained. The business deal is also conducted in an accelerated speed. Marketing via the internet allows for the organisation to reach many customers within a very short time and hence improve on the organisation’s sales. Internet banking allows for faster business transactions hence delays associated with payments are reduced and therefore the supply chain is protected from such delays (Hale 1997). To ensure that the intended results of the JIT concept are achieved, it is important for firms doing business together along a given supply chain be proactive in their operations. By being proactive, it means that a consumer should be involved directly in what their supplier is producing. The consumers should be involved in product design so as to have a product of their own making. On the hand it is very important for the suppliers to follow up and find out how their products are serving the customers. This will help in the elimination of ripples along the chain and hence easy implementation of the JIT system. The players in the supply chain should develop a culture of sharing problems when they occur at a particular point of the supply chain, this in a nutshell will reduce the overall effect that the problem would have on the entire supply chain (Titone 1996). The just in case system is another approach that will have an impact on the future of JIT system in the global environment. It is very important for firms to have a buffer stock that can bail it out when events in the supply chain don’t seem to be favourable. The idea of having safety stocks for emergency times should not be confused by firms holding inventories. It is a different concept from overstocking.

Why Do We Need Management?

Why do we need Management? Melisa Honeycutt Vista College Why do we need Management? A business is an ongoing activity that will not run itself. As the manager, you will have to set goals, determine how to reach those goals and make all the necessary decisions. You will have to purchase or make your product, price it, advertise it and sell it. You will have to keep records, and determine costs. You will have to control inventory, make the right buying decisions and keep costs down.You will have to hire, train and motivate employees now or as you grow. ( Soni 2010) When a company has good management, the whole company does well. A good manager will be a great buffer for the owner and his employees. He/she will also coordinate most of the day-to-day business. Now we will look at what is the purpose of management, I find that there are five primary functions. * Staffing: You must be good at seeing raw talent and knowing when the company will need more employees. Planning: You need to be able to see the big as well as the small picture. * Organizing:You need great focus, most of the time you will need to be in many places and doing many jobs at once. It is a balancing act. * Leading: You will need to be a leader that can motivate people and get people to work together. * Controlling: You will need to monitor the business to make sure it stays on track. To me the world would look much like my home, if my husband and I left and put no one in charge.It would be complete and utter chaos; no one would know where things are and who did what. I see a manager as a babysitter of sorts and managing a business will be a lot like running my home and family. Does juggling ever come to mind when you think of running your own business? It does mine! References Soni, J. (2010). Why do we need Management? [yahoo answers]. Retrieved from answers. yahoo. com What are the Primary Functions of Management? (2012, November). In Blurtit. Retrieved from QuickBase. Intuit,com website: blurt it. com