Macro Economics - summary A Better Way Essay Example | Topics and Well Written Essays - 1000 words

Macro Economics - summary A Better Way - Essay Example Another beneficial factor for the increase in productivity is reorganization of labour force that has led to â€Å"fulfilling wants that had been unmet or may be even unknown.† (Page 5). Reorganization from trade also helps in creating more efficient deployment of labour economy wide as resources are shifted to their best uses as the producers seek comparative advantage in market place (following Ricardian comparative advantage). Higher productivity also helps in increasing the state of employment in the economy because higher productivity promises higher profits implying higher income for people. Higher income means higher demand and so there will be increase in investment and more creation of jobs. Furthermore, higher productivity provides the worker with more leisure and there by an opportunity to enjoy whatever they earn. This march to livelihood was not achieved in one day. After achieving self sufficiency in food grain with the advent of electrical appliances for cultiva tion, agriculture became capital intensive and freed up labor made their plunge to the industrial sector, thereby preparing a base for the tertiary sector to flourish. But the trend in productivity has been choppy. This has been â€Å"due to business cycle upturns and slowdowns as well as longer-term economic trends.†(Page 8). To make the increase in productivity continuing it is important that improvement in technology continues. With more improvement in technology there will be much more improvement in productivity. Technological improvement would bring in more sophisticated technologies which would help in improving the quality of work, save time and thus help in bringing down the costs. Again trade also makes a powerful impact on the overall efficiency of the economy. Productivity gains from trade stands for the operation of open markets. Due to expansion in trade it has now become possible to produce goods in those

Transformational leadership and manageent syle in nursing Essay

Transformational leadership and manageent syle in nursing - Essay Example The kind of work she does from asking patients how they are doing, and whether they have what they need here; to directing other staff members making sure all hospital work gets done on time and efficiently. She also makes sure along with getting work done is that all staff members get time off and they get to go out too and do not just get stuck with work all the time. This extra care from the nurse manager ensures that they are motivated and happy with whatever work they are doing and they hence do everything in a better way than normally expected. Hence, apart from ensuring that everything gets done on time this nurse also makes sure that everyone gets time off and vacations on time too. This shows how caring she is towards hers staff members and the people she has under her for leading and motivating. We call this inspirational of transformational leadership. Transformational leaders identify and formulate a vision for their followers and sub-ordinates to follow. They create an idea of a future environment and vision. They visualize how things will eventually be if they work and try to achieve success. In the case of the nurse manager, she devises a vision as to how the other nurses should provide to the hospital and the patients. Secondly, all transformational leaders provide a suitable ideal for the workplace and for the people working there. The nurse manager being a transformational leader also sets an example by adhering to activities and rules that are typical of efficient hospital nurse management. Promote the importance and willingness to accept of goals of the entire group of people the transformational leader is leading. The nurse manager also does this through setting goals first and then making sure there is cooperation and understanding in between each group member and all nurses that is so that there is harmony amongst them. This harmony makes sure that all members change their individual goals into collective goals and achieve common group goals henceforth. Uphold expectations pertaining to high formulated levels of performance and making sure that the entire group meets these expectations criteria. The nurse manager gives confidence to the entire staff that they can get this particular task done for example making sure that the hygienic conditions in the hospital are met etc. Catering to individual support. This is done to make sure that the members of the group/team feel worthy and