Publications by Chris Volak
Best Practices 6
Chater Openning Questions A manager needs to develop an early warning system that includes: Macroeconomic Warning Signals End-user Information Customer Sales Forecasts Critical Costs Summary Managing through the Business Cycle Steps Description macroeconomic warning signals The early warning system should include indicators for the overall eco...
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Real World Application 6
Survey of Professional Forecasters The author writes on page 31: "At the beginning of 2001, the economy was not in recession. The fourth quarter of 2000 data had not been released but would, in time, show that the economy had grown by 2.2 percent in twelve months. Forecasters were nervous, however. The consensus forecast published by the Federal ...
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Best Practices 7
Chater Openning Questions A manager needs to: a series of steps he or she can take to cut costs during recessions. how to spot opportunities to take advantage of recession Summary Table of possible options in a contiengency plan Expecting a downturn During moderate downturns During severe recessions capital spending reevaluate cut entirely or ...
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Real World Application 7
Evaluate your client company’s contingency plan Read your client company’s response, see whether it is consistent with lessons we learned in chapter seven and whether you can improve it by applying this week’s lessons. Elaborate at least in 200 words and cite the lessons from the Best Practices 7 assignment. Business response to the questi...
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Best Practices 8
Chater Openning Questions A manager needs to: monitor the economy in foreign countries that your business operates in. Summary For a major industrialized country, the monitoring system would closely resemble that used in the United States with an addition of foreign exchange risk. For a less developed country, Risk Indicators monetary policy v...
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Real World Application 8
None of our client companies operate in a foreign country. They don’t sell into a foreign market. Nor do they manufacture in a foreign market. So we will use a hypothetical manufacturing company, Daewoo, for the assignment. Daewoo is an American automobile manufacturing company that makes cars in the U.S. and sells in the U.K. market. Assume th...
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Best Practices 9
Chapter Opening Questions A business manager, to assess the risk of a regional recession, needs to monitor: The National Economic Cycle National Cycles of most important industries The Regional Economic Cycle Summary Although a regional economic cycle is not perfectly synchronized with its national counterpart, it tends to move up and down with...
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Real World Application 9
Economic Dashboard Location Quotient https://www.analyticsforeconomics.com/ Your interpretation Examine the chart above and answer the following questions in at least 200 words. What is the status of New Hampshire’s economy now? Is it in a recession? Is a recession around the corner? How similar is New Hampshire’s economy to its U.S. count...
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Best Practices 10
Chapter Opening Questions A business manager in a capital-intensive industry needs to monitor its own industry cycles because they routinely experience viscous cycles of over investment, over capacity, price swings. Summary Why capital-intensive industries are different Elements that make capital-intensive industries prone to overbuilding: hig...
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Real World Application 10
Assume Daewoo, a hypothetical oil extraction company, has the following cost structure. It spends: • $40/barrel on labor costs, raw materials, energy, and • $35/barrel on interest, depreciation, insurance, and administrative staff expense. Read the textbook carefully, and answer the following questions. A recession hits, the market price of ...
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