Newell Company †Corporate Strategy Essay

How does the corporate office contribute towards Newel’s execution or as it were what worth does the corporate office include? †¢Newell had received to build up its product offering through key acquisitions instead of inward development. All acquisitions are taken consideration at the corporate level so the divisions are not occupied from their center capacity of creating benefit. †¢Potential target firms experience a serious screening process. They must be standard with company’s existing execution rules †¢They raise procured organizations by creating them to get cost productive through operational methodologies and making benefits inside a time of year and a half. Some are finished with a time of a half year of time. Newell additionally have severe control for the time the clients pay, this is inside 30-45 days †¢Corporate firmly controls the accounts, yet it permits brand and division president self-sufficiency to manage the presentation of the business. †¢Corporate office works admirably of consistent connecting of its structure, framework and procedures (SSP) with its organizations and assets. †¢The organization appends incredible significance to client relations every now and again welcoming purchasers for plant visits. †¢The organizations Newell gets have potential yet underestimated. These organizations are enduring in light of the fact that they don't have significant customers and there overhead expenses are high. †¢Newell concentrated on great correspondence inside the organization and had various gatherings during the time all together for positions of authority to stay educated about different parts of the organization. Division pioneers met a few times each year for presidents’ gatherings just as the capacity for ordinary experiences at public expos consistently. †¢Other types of correspondence were section gatherings and the month to month assortment of working figures. Section gatherings were actualized if there were an excessive number of fluctuations inside the financial plan.

Albert Einstein Flashcards Example for Free (#11)

Albert Einstein Who called him open foe number one? Why? Hitler, since he didn’t help manufacture the nuclear bomb so he needed to make Einstein appear as though he sold out Germany What president did he compose a letter to and why? Roosevelt, to caution him about Germany wanting to construct a nuclear bomb When did he win a nobel prize and what for? 1922 and for his photoelectric hypothesis How old would he say he was the point at which he manufactured a 14 story place of cards? Einstein was a radical, which meant†¦ He doesn’t have faith in taking care of issues with viciousness When and by who was he approached to be president? What number of spouses and kids did he have? What did he say Americas most noticeably terrible illness was? For what reason do we not have the foggiest idea about his withering words? They were said in German, the medical caretaker in the room was American What enlivened him to be a researcher? A compass he got when he was youthful, intrigued by the undetectable power moving the hand When was he conceived and when did he pass on? Conceived †March 14 1879 Died April eighteenth 1955 For what reason did he charge cash for his signatures? So he could give the cash to good cause What magazine casted a ballot him individual of the century? He cherished sailing†¦ for what reason was this unexpected? When he came to America what accomplished he function as? A teacher in Princeton NJ, made $10,000 every year Thomas Harvey for a long time, kept it in his vehicle trunk He had a stomach aneurysm, declined medical procedure and seeped to death We use treats to give you the most ideal experience. By proceeding we’ll expect you’re ready for our treat strategy We will compose a custom example exposition on

Common App Essay Topics - Essay Topic Ideas For College Admission

Common App Essay Topics - Essay Topic Ideas For College AdmissionThe Common App is an American college admissions test that is similar to the SATs for high school students. It helps students from various fields to have a better chance of getting into colleges and universities of their choice. It is a great way to help students with certain academic difficulties such as attention deficit disorder, autism, and dyslexia.Students who take the Common App have an opportunity to share their opinions on some of the most popular topics for college admissions essays. These are topics that will be covered on the application forms in the year 2020. However, there are still some topics that will not be covered by the high school students as they usually will not write anything more than five hundred words.One of the common App essay topics is the concept of peer pressure. Students who have been in the same room with a person with ADHD will usually write about what kind of treatment and school sup port he or she has received after first meeting him or her. Sometimes it will be difficult for students to write about this topic because they cannot imagine what could happen to them if they were to speak up. They might even be afraid that their classmates might find out their problem and make fun of them.Another one of the Common App essay topics is the importance of family. Since the Common App is just a college admission test, parents should avoid writing about their own families. This is because some college admission teams have already seen the essays written by students who have the 'same' parents. The purpose of the testing is to determine whether the applicant can be accepted to the college, so it is important to answer questions in a careful manner.Another common App essay topics are the topics that address the psychological and emotional factors that can affect the decision of the student in attending college. One of the areas that the college admission team will look at when reviewing the application form is how well the student can handle stress. Another thing that is looked at is how students can handle losing a friend or family member in the process of finding a college.Other common App essay topics include the issues related to how the family will be financially supported by the student and the support that the student will need to deal with different professors. There are also topics that are connected to the acceptance of the students. A common topic is when the student needs to talk about how he or she had to face a traumatic event such as being a victim of sexual abuse. Then there are also topics that are connected to the student's ability to deal with rejection and the kind of personality that is most suitable for the college.Students who want to write their own Common App essay topics can contact the company that is providing the essay service for the Common App. It is possible that they can also assist the students with getting the infor mation that they need to write the essay. These essays are not hard to write because they are based on commonly used topics. Usually the Common App will provide the students with a sample essay, which is then edited by the students themselves.When writing an App essay, students should know that the results of the Common App are not just based on grades. The application will also ask them to describe themselves and their experiences.

Racism, Racism And The Civil Rights Movement - 1009 Words

Racism is Evident in American Society Today The history of the United States in regard to racism and discrimination is no secret. Children are taught about segregation, slavery, and the Civil Rights Movement like the events were purely in the past. In part the events were in the past; however, the results of said events are not. As Americans, we live in a nation with a rough history and, in order to keep growing together, we cannot forget what has happened. Granted, racism is not extinct, but it is most definitely not the norm it was 50 years ago. Many people are not aware of how much racism still exists in our schools, workforces, and anywhere else where social lives are occurring. According to Derrick Bell’s book, Faces at the Bottom of the Well, Bell uses fiction stories to show that racism still exist but has a different form. In American society, racism is still evident today in racial symbols, covert racism and affirmative action. The racial symbols are used in various ways, including holidays, representing people and movements. People assume that by having an Independence Day, every person has the right to be free while some people are still afraid when it comes to freedom. â€Å"The fact is, though, that most whites and lots of black folks rely on symbols to support their belief that black person has come a long way since slavery and segregation to the present time.† Black History month will be a great example, back then people were happy that those kinds of holidaysShow MoreRelatedRacism And The Civil Rights Movement984 Words   |  4 PagesWhat is racism? By definition racism is the prejudice, discrimination, or antagonism directed against someone of a different race based on the belief that one s own race is superior. This is a big issue in America today. Many Americans believe that racism is over in this country because it had gone through a civil rights revolution but those people are more than wrong. Some people believe that just because America went through a civil rights movement that all racism is gone. That everything wasRead MoreRacism And The Civil Rights Movement2014 Words   |  9 Pagesrace to distinguish him or her as inferior. Racism is a prominent epidemic that has especially affected African Americans in the development of America. Africans were torn away from their homes and brought to America in the 17th century to work as slaves, where they experienced various forms of chastisements and torture. Then in 1860, Abraham Lincoln was elected president where he expressed his strong disposition against slavery, which then began the Civil War in America. Lincoln abolished slaveryRead MoreDifference Between Racism And The Civil Rights Movement Essay1274 Words   |  6 Pagesbeings. However, changed started to hatch when Dr.Martin L. King first evoked the Civil Rights Movement initiating the end of racial disunion. Although the signs have been taken down, and separatio n has decreased, other adjustments have been made in current workforce, income, educational studies and the justice system. Comparing the two will allow us to determine the difference between racism today and racism from a little over sixty years ago. Referring back to six decades ago, education forRead More Racism versus Civil Rights Movement Essay examples1446 Words   |  6 PagesKing, page666 The 1960s were a time of great turmoil in America and throughout the world. One of the main topics that arouse was black civil rights. In my essay I plan to compare the difference of opinion between these particular writers and directors, towards racism and the civil rights movement in the 1960s The movement truly got underway with civil rights leaders such as Martin Luther King jr. and Malcolm X in the early 1960s. Students who wanted to bolt on the equality and protestRead MoreEssay on Changes Brought About by the Civil Rights Movement1095 Words   |  5 Pageswhich is racism. Racism happened a lot at United State, the whites treated the African-American badly and called them blacks or niggers. Despite the fact that racism occurred a lot, not everyone supported and followed racism, some protested, some stood up to fight. Many actions were done back then for the blacks to earn back their pride and their rights as americans. The Civil Right Movement improves the environment of the colored people in those small towns and earned them many rights, it also decreasedRead MoreThe Civil Rights Movement : Martin Luther King, Jr. And Rosa Parks1546 Words   |  7 PagesThe Civil Rights Movement is often remembered in American history as an era of unity and struggle. Martin Luther King, Jr. and Rosa Parks are often the figures that get the most recognition from this period. However, there are many leade rs from the Civil Rights Movement that get overlooked. Even MLK toward the end of his life is glossed over for the â€Å"version† that gave the famous â€Å"I have a dream† speech. In truth, there was a fair amount of division between the Black Power Movement and the IntegrationRead MoreRacism Is A Major Issue And Problem That Has Plagued The United States Of America1551 Words   |  7 PagesRacism is a major issue and problem that has plagued the United States of America for years. Racism has been around in our country since well before the Civil war and even today we still have people who are prejudice towards other races, but discrimination and other major issues had finally become illegal in the end of the 1960’s with the civil rights movement. During the civil rights movement we had many African American leaders and people who were fighting for civil rights within American. OneRead MoreRacism During The Civil War973 Words   |  4 Pages Racism is an issue that has plagued in country from the day it was declared the United States of America. Whether it comes in the form of slavery, forced segregation or political racism, it is still here. Racism can be seen throughout our history from slaves picking cotton in the south to Jim Crows laws preventing slaves from having equal rights to current days where we have things such as affirmative action and movements such as Black Lives Matter. In the beginning of our country, we began ourRead MoreRacism And The World s Greatest Issues Today Essay1270 Words   |  6 PagesRacism continues to be one of the world’s greatest issues today. Many individuals are not aware of how much racism still exists in our schools, workplaces, and anywhere else where social lives are prevailing. It is obvious that racism is unacceptable as it was in the past but it sure has not disappeared. Racism very much exists everywhere and it is about time that individuals start thinking about solutions to this problem. Many people assume that it depends on if an individual was brought into theRead MoreThe Civil Rights Movement Of America Essay1648 Words   |  7 PagesTake a look around you. Imagine the world now, then again from fifty to a hundred and fifty years ago. Much has changed and much has stayed the same. Plenty of issues that were prevalent so long ago are still lingering around today such as racism, discrimination, white supremacy. We fight constant battles fighting these issues whether its educating others or defending ourselves from it. It was only one hundred and one years ago that we saw D.W. Griffiths Birth of a Nation hit the silver screens.

Database Based Enterprise Systems And Supply Chain Management

ITECH5402- ENTERPRISE SYSTEMS Domain Based Enterprise Systems In Supply Chain Management By, Fahim Polra-30127865, Sri Krishna Chandu Koritala-30132077. Team Contribution Task Name AbstractIntroduction Fahim Polra Supply Chain Management Chandu Koritala Use of Enterprise Systems in Supply Chain Management Chandu Koritala Evolution of Supply chain Management from traditional methodologies to ERP implementation Chandu Koritala Features of Enterprise Resource Planning Systems in Supply Chain Management Chandu Koritala Issues with the implementation of ERP in Supply Chain Management Fahim Polra Role of Enterprise Systems in Supply Chain Fahim Polra Conclusion Fahim Polra Abstract The purpose of this paper is to identify different aspects of Domain-based Enterprise Systems, such as ES in finance, supply chain, healthcare,accounting, customer-relationship management, knowledge management, and outsourcing. The main focus of this paper is on Enterprise systems in Supply chain., How these tools is to make the best possible use of all resources of the business to give company a competitive edge, Evolution of Supply chain Management from traditional methodologies to ERP implementation Supply Chain Management , Major movements like creation, integration and globalization which can be observed in enterprise system. Implementation issues of ERP in Supply Chain Management such as Willingness to Share information, Team Work,, Leadership. Components of Supply chainShow MoreRelatedCrm and Scm Essay659 Words   |  3 PagesCRM and SCM are both different management concepts: one focusing on concepts used by companies to manage relationship with their customers while the oth er focuses on planning, implementing and controlling the operations of supply chain. Both the concepts are similar in the way that they can be used to improve organizations functionality in the respective departments. Both management tools can be integrated with the ERP software. Both CRM and SCM can offer benefits in terms of lower costs, higherRead MoreRiordan Manufacturing Executive Summary1607 Words   |  7 PagesKarpinsky March 24, 2005 Executive Summary: As a Fortune 1000 enterprise, and an industry leader in the field of plastic injection molding, Riordan Manufacturing, offers state-of-the art plastics design capabilities through its facilities in San Jose, California; Albany, Georgia; Pontiac, Michigan; and Hang Zhou, China. Currently, Riordans COO, Hugh McCauley, and the executive team have requested changes to the current information system used to maintain inventory and manufacturing processes. EvaluationRead MoreRiordan Manufacturing Essay1601 Words   |  7 PagesRiordan Manufacturing Executive Summary: As a Fortune 1000 enterprise, and an industry leader in the field of plastic injection molding, Riordan Manufacturing, offers state-of-the art plastics design capabilities through its facilities in San Jose, California; Albany, Georgia; Pontiac, Michigan; and Hang Zhou, China. Currently, Riordans COO, Hugh McCauley, and the executive team have requested changes to the current information system used to maintain inventory and manufacturing processes. EvaluationRead MoreMobile Erp System Component : Functions And Operations Executed Using Mobile Enterprise Resource Planning1326 Words   |  6 PagesMobile ERP System Component functions and operations executed using Mobile Enterprise resource planning including sales order, sourcing, request for the prices, purchase order, lading, receiving,inventorycontrol, delivery order, invoicing, customer service ,production monitoring and notes and internal messaging. The Supply Chain required the cooperation of all the company s internal departments with external parties, for example, the supplier to get a product that meets market needs in a timelyRead MoreThe Current Scenario And Economy Of China1304 Words   |  6 Pagesissues of logistic and supply chain in Somerset Furniture. The business may consider the implementation and integration of Information technology (IT) to their supply chain and logistic process. Basically, the information technology (IT), also commonly referred to as information and communication technology (ICT) can be applied to Somerset Furniture similar to other businesses.. In Somerset Furniture, IT may play a significant role in enhancing supply chain management (SCM) systems. For instance, aRead MoreLegos IT and Value Chain Strategies4367 Words   |  17 PagesReview and Value Chain Analysis PAGEREF _Toc326781336 h 5 HYPERLINK l _Toc326781337 2.1. The role of SAP in Legos Value Chain Strategies PAGEREF _Toc326781337 h 5 HYPERLINK l _Toc326781338 2.2. Legos Enterprise Systems and Process Integration to Flextronics PAGEREF _Toc326781338 h 7 HYPERLINK l _Toc326781339 2.2.1 Legos EAI Integration With Flextronics PAGEREF _Toc326781339 h 8 HYPERLINK l _Toc326781340 2.3. Legos Use of Analytics and the Hierarchy of Supply Chain Metrics PAGEREFRead MoreImplementing Enterprise Resource Planning ( Erp ) Systems1441 Words   |  6 Pagesâ€Å"In the mid-to-late 1990s, companies began implementing enterprise resource planning (ERP) systems to automate, standardize, and integrate their business processes for effective planning and control.† (Bradford, 2015) A major component of this ERP system is a single all-encompassing database that Bradford refers to as, â€Å"a single source of the truth.† (pg. 1) Essentially, what this means is that employees in various departments of an organization will input data essential to their core activities;Read MoreApplication Of An Erp System Vendor For Their Running Business1688 Words   |  7 Pagesselected as an IT specialist to consult a small manufacturing firm that is planning to choose an ERP system vendor for their running business. The firm has three hundred employee s spread across the US America, Canada, Australia and Europe. This report will describe all the suggestions and advice related to the small manufacturing company, and will include all the details of deploying ERP system solutions and the most efficient solutions for this small businesses. The IT software retailer chosenRead MoreERP Paper1545 Words   |  7 PagesIntroduction The research will be based on ERP systems Web Distributed Business Solutions. This report will discuss the concept, architecture, process and application of the system solution. There will also be examples given on how industrial businesses implement this technology into their daily operations and how it has benefitted them. Concept ERP stands for Enterprise Resource Planning. ERP is one complete system to rationalise processes and data across the whole organisation, so businessRead MoreInformation Technology ( It ) Is A Universal And Versatile Tool1646 Words   |  7 Pageswe cannot without it. We used for information-based system, intranet, and paperless system at work. We need a financial management system to deal with the financial things, and Decision Support System can help and support the decision and strategy. Along with IT developingï ¼Å'it is more and more important in business. It can strengthen enterprise competitiveness and promote enterprise reform. In the past, if the difficulties encountered on the enterprise, they would layoffs, service cuts, cost savings

Essay on Online Shopping Product Availability and Logistics

Table of Contents Introduction 1 Online shops, Logistics and the Last Mile Problem 3 The E-Commerce Platform’s Accessibility and Availability 6 Efficient Customer Response and Quick Response 8 Conclusion 10 References 11 Introduction Online shops are an alternative to traditional shopping methods, but do they solve product availability issues in a viable way, and are traditional shopping methods preferred over online shopping? Morris, B (2013) points out that more consumers prefer online shopping as 70 % of 3,000 online shoppers surveyed in February 2013 in a study performed by the United Parcel Service Inc. (UPS) say they would rather shop their favorite retailer online. This can only lead us to understand that a†¦show more content†¦Nevertheless, the problem of full and timely customer satisfaction in remote areas that lack the infrastructure to fully address the customer’s will, and thus increase his/her likelihood to impact positively the retailer’s profitability is an issue that has not been yet fully solved. As ECR (Efficient Customer Response) times differ in those areas with a broader access to a larger range of tools that facilitate QR (Quick Response) and consequently customer satisfaction (Walters, 2007). On the other hand, The â€Å"back-end† of the online shopping experience is a process that seems to be simple at first sight but proves to be a complex matter as this does not only involve the mere customer request to buy a specific good or service. This process involves the coordination of several retailers that provide the seller of the service or good in need with the optimal conditions to achieve the goal of satisfying a customer’s will as well (Walters, 2007). The process in question will be closely studied by introducing the reader with trends and stages introduced by Fernie, J. 2007. Which comprehend the historical analysis from a period that goes from the 1950’s to the late 2000’s and will briefly enlighten and enable the reader to understand why the transition that logistics have undergone (from DSDs (Direct Store Deliveries) to Relationship between various suppliers) took the path it took. Additionally, thisShow MoreRelatedE Commerce Boom s Impact On Logistics Essay895 Words   |  4 PagesThe E-Commerce Boom’s Impact on Logistics by Matt Magpantay, Marketing Associate, Evans Distribution Systems The time of elaborate, multi-story shopping centers is rapidly coming to a close with the rise of Ecommerce. Over the last decade, technology has inspired an online retail boom that has benefitted some retailers, while leaving others helpless. With the younger generations embracing smart phones and tablets, Ecommerce’s role has shifted from an untested frontier to a vital pillar forRead MoreEssay on CPA117 CASE 1 Online Shopping1609 Words   |  7 Pagesï » ¿1. Identify the industry, value chain industry segment The industry is the Australian shopping centre industry. Core activities cover building, developing and managing shopping centres in Australia. 2. Value chain Design S/C Project management Leasing sales Property Management Refurbishment redevelopment (Renovation of the shopping centre or optimise the building structure to better suit customers’ need ) 3. What is the current life cycle position of the industry? MaturityRead MoreE-Commerce Industry Analysis- Porters1596 Words   |  7 Pagesinternet shopping * Developed supply chains and logistics * Less Entry barriers * Low cost of online advertising | Related Supporting Industries | Communication and Broadband Industry- * Launch of 3G and 4G services in India * Strong number of broadband users (13.81 million users as of 2012) Banking Industry- * Evolution of internet banking and mobile banking * 48% of transactions are taking place through electronic modeLogistics Industry * Improving Logistics andRead MoreMarketing And Supply Chain Operations1191 Words   |  5 Pages Introduction With the increased access to the online information with the ubiquitous use of smartphones, laptops or tablets, consumers are now more knowledgeable than ever before. Comparing services, prices and characteristics of the similar products of different companies becomes much easier. According to a recent research, 87% of consumers look for information before visiting a store. (Google, 2014) Search results are also a driver to push consumers to stores. The results of the researchRead MoreThe Role of the Internet in Supply Chain Management1872 Words   |  7 PagesSupply chain (SC) is made up of all the activities that are required to deliver products to the customer – from designing product to receiving order, procuring material, marketing, manufacturing, logistics, customer services, receiving payment and so on (Donovan, 2001). Hence, supply chain consists of a group of different companies working together to produce finished goods sold to customers out of raw materials. Company strikes to gain competitive advantages through improving their supply chainRead MoreCustomer Satisfaction And E Loyalty2512 Words   |  11 PagesCustomer satisfaction and E-loyalty: Liu(2008) claimed that online shopping customers’ satisfaction may be ruined by the lacking of on-time delivery. A quarter of Chinese customers were dissatisfied with online-shopping experience due to the low delivery service level(CNNIC,2004). The Kotler(1997) divided the whole model of the satisfaction process in e-commerce into three stages shown in Figure 1: the information search and alternatives evaluation section, purchase section and post-purchaseRead MoreThe Challenges Of Retail Logistics Management4526 Words   |  19 Pages The Challenges of Retail Logistics Management Senora N. Bradford Florida Institute of Technology MGT 5062 Professor: Dr. Essary â€Æ' The Challenges of Retail Logistics Management Introduction Consumers don’t realize the process and logistics it takes to provide goods and make them available for purchase. When we go to department stores and there is a surplus of goods, we as customers don’t fully understand how products were supplied or what demands are being met (Fernie and Sparks, 2009). WithRead MoreThe Role Of Social Media On Global E Commerce1507 Words   |  7 Pages(companies) trade their products and services using computer networks. The buyers and sellers can use platforms like mobile commerce, electronic funds transfer, supply chain management, online transaction processing, data collection, internet marketing, electronic data interchange and inventory management systems. Currently, most of these transactions have taken advantage of the World Wide Web, which is largely accessed through emails and other platforms. E-commerce entails online shopping web sites, activeRead MoreSWOT of Canadian Operations of Wal-Mart: Supply Chain Innovations to Fight Competition in Canada1202 Words   |  5 PagesWal-Mart –Supply chain innovations to fight competition in Canada Supply chain innovations should ensure on-shelf availability at retail outlets, improving collaboration between vendors and retailers, translating supply chain costs to product pricing, lean inventory and real time replenishment. Wal-Mart should ensure that process differentiation to determine the right method of moving products with varying demand characteristics (Akehurst, C., Alexander, N. (1995) SWOT Analysis of Canadian operationsRead MoreMission And Core Value Of The Target Corporation1999 Words   |  8 PagesThe Target Corporation is the second-largest discount retailer in the U.S. Target?s mission is to ?make Target your preferred shopping destination in all channels by delivering outstanding value, continuous innovation and exceptional guest experiences by consistently fulfilling our ?Expect More, Pay Less? brand promise.? Fostering an inclusive culture is a core value that is integrated into every aspect of Target business. Through fostering an inclusive culture, Target enables all of their team members

Mining in Australia for Chinese Economy - MyAssignmenthelp.com

Question: Discus about theMining in Australia for Chinese Economy. Answer: The mining industry is one of the most economically reliable sectors in the Australian industry. It significance is spread all through the economy and so any variation both domestically and the in the international market is likely to attract greater concern particularly in the macroeconomic aspects. In light of this, iron ore as a chief component of the mining sector has undergone a tumultuous time in relation to the fluctuation that resulted into a 5 year low decline which then created economic tensions as reflected in the employment, current account balance, exchange rate and output. However, there were fiscal and monetary policies being employed by the Australian government in response to this occurrence. The purpose of this paper is to analyze the extent at which these policies worked. Recommendations are also given while looking at the likely drawbacks of the policies in question as well. The international mineral prices with regard to Australia have for a long time been determined by China which is the worlds largest producer and consumer of Steel. A slowing growth in the Chinese demand exacerbated the unlikely situation in the world market. Despite the general expectation that the mineral prices in the international market were bound to fall considerably, the resulting occurrence was more than anticipated which was ignited by the reduction in the growth of the Chinese economy in general (Poon et al 2016). A larger than expected increases in the lower-cost supply meant that the Australian economy had to bear the brunt of this happening. However, the increase and rapid expansion of the production and investment in Australia in general created a more compelling case for the significance of the iron ore prices in the Australian economy. As a result, a fall in the international demand chiefly brought by the plummeting demand by China created a hostile environment for the Australias terms of trade. In other words, there was a huge decline in the terms of trade (George 2016). Lesser demand for the products in the international market translates to lower value of the exports. In response to this, the government sought to bring back the economy on track by depreciating the Australian dollar. This move is vital in offsetting the domestic loses. The Australian mining industry is predominantly foreign owned and so a sharp decline in prices of iron ore necessitated a sizeable portion of the profits being flowed to parent countries during this period. As a result, domestic net investments reduced sharply in response to this occurrence. Furthermore, it weighed in on the real GDP and realized through a downward pressure on the national income (Mudd 2007). The effect has consistently revealed through a reduction in the consumption levels. When the profits from mining are not ploughed back into the economy in terms of investments, it deprives the economic growth. A contraction in the net spending on the available goods and services is further enhanced by a lack of initiatives to create other avenue that the citizens can earn income. In this case, two macroeconomic aspects are in play here; unemployment/employment and Real GDP/output. In response to this foreign deprivation, the Australian government adopted a policy that stressed a n investment spending to a tune of $100million (Department of Mining Industry 2017). This was meant to reduce the investment gap that a drop in the international mining prices had on the Australian sector. Furthermore, a shrinking investment base catapulted unemployment as more people working in the mining and other related industries lost their jobs because there was a sudden reduction in the output in a bid to mitigate the ballooning costs. In the same bracket, shrinking investments tends to exacerbate inflation rates because there is more money in the economy for consumers to spend. As a monetary policy, the government sought to cap the interest rates at under 2% according to Yoemans (2016) in order to combat the increasing money supply owing to a reduction in the investments. In the diagram, increasing the interest rates will effectively lower the aggregate demand as consumer disposable income reduces as indicated by a shift from AD1 to AD2. The policies adopted by the Australian government are practically working as indicated by the following aspects. First, through increasing investment in the mining sector, the economy has witnessed a slight rise in the Real GDP. This has then implied that the unemployment rate has slowed down as other sectors of the economy are opened hence creation of jobs. Secondly, a boom in the property market in Australia particularly the cities of Melbourne and Sidney is a case for further investments which is likely to ensure more stability is realized as well (Costello Knights 2013). While the economy marginally looks to recover from the ashes of a decline in the mining sector particularly a slump in the prices of iron ore, it is important that the following recommendations are factored in. first, diversification of the economy is explored extensively. Australia is inherently dependent on mining and a slight crash could have wanton implications on the economy in general. Agriculture, tourism and manufacturing provides other alternatives because mining alone contributing 44% of the GDP is disastrous for any negative eventuality. Secondly, there is need to have more budgetary allocation to further investments in other sectors as well as mining itself to curb this problem (Philips, 2016). In summary, the manner in which the international market is set up means that commodities are prone to market fluctuations and so does mining and specifically iron ore. The reduction in demand for iron ore and other mining products by China contributed greatly to the events that shook the Australian economy. A dismal performance in the Australian dollar worsened the situation. However, a glimmer of hope lie in the government responses in averting the problems. Capping the interest rates was vital in keeping the inflation rates low while at the same further investment cut down on the negative balance of trade and the deficits which eventually prompted an increase in the employment levels. Nonetheless, there is need to have more investment and budgetary allocation to have the problem controlled properly. References Mudd, G. M. 2007. The sustainability of mining in Australia: key production trends and their environmental implications. Department of Civil Engineering, Monash University and Mineral Policy Institute, Melbourne. Poon, A., Raval, S., Banerjee, B. P., Shamsoddini, A. 2015. Detection of Changes in the Wetland Conditions adjacent to a Longwall Mining Area in the Southern Coalfields, New South Wales Using Radar Satellite Data.Journal of Research Projects Review, 35. Costello, C., Knights, P. 2013. Grizzly Modifications at ridgeway deeps Block cave Mine. Mining Education Australia, 11. Department of Mining industry (2017. Australia's Mineral Commodities. Australian Government of Industry, Innovation and Science. Retrieved from: https://industry.gov.au/resource/Mining/Pages/default.aspx Philips, K. 2016. The mining boom that changed Australia. Australia Broadcasting Corporation. Retrieved from: https://www.abc.net.au/radionational/programs/rearvision/the-mining-boom-that-changed-australia/7319586 Yoemans, J. 2016. Australia's mining boom turns to dust as commodity prices collapse. The Telegraph. Retrieved from: https://www.telegraph.co.uk/finance/newsbysector/industry/mining/12142813/Australias-mining-boom-turns-to-dust-as-commodity-prices-collapse.html George, M.W. 2016."Mineral Commodity Summaries 2016"(pdf. Reston, VA: U.S. Geological Survey. pp.7071.