Leadership and Culture Essay Example | Topics and Well Written Essays - 2250 words

Leadership and Culture - Essay Example Moldova is one of those European countries that have a rich tradition. Although the number of Moldovans are superior compared to other nationalities, there are Greeks, Bulgarians, Germans, Russians and others (Everyculture.com, 2015). However, the local people prioritise the indigenous culture strongly, which is based on the Romanian culture. When it comes to written language, Moldovan culture is prioritised by the local community, which is regarded as Romanian or a Daco-Romanian. One of the primary difficulties for the organisational leaders in the country would be to use English as the preferred communication language. Due to strong attachment with the indigenous culture, people are expected to avoid English as a mode of communication (Everyculture.com, 2015). Apart from the linguistic barrier, the Moldovan economy does not hold much promise. The country has experienced a significant downturn in economy since 1998. The major industries are found to be wine, tobacco and food process ing sector (Everyculture.com, 2015). On top of that, acquiring top talents from the industry is likely to be a major challenge for the organisations as well. The educational infrastructure is relatively poor compared to other European countries. As a consequence, leaders might find it difficult to acquire local people for the workforce. Caligiuri and Tarique (2012) stated that hiring local people are more effective compared to bring expatriates. If the local people are hired, the training cost could be higher.

LeBronomics Essay Example | Topics and Well Written Essays - 500 words

LeBronomics - Essay Example According to the speakers there is a â€Å"shadowy-underworld market† where the real market price is derived. When a black market exists, the cost to the government can be measure in terms of foregone tax income. Moreover, information regarding black markets is unavailable to the policy makers. Therefore the income derived from black market operations is excluded from national accounting such as calculation of the GDP. Predictability of the economic data can decrease due to black market operations. Therefore, the efficiency and effectiveness of the government policies also decreases. These can be considered as the social costs of black market operations. Unavailability of information is a typical characteristic of the black markets. According to the speakers there are agents who buy the tickets to basket ball games and resell them at a higher price and earn a profit. It is unclear how many middle men are involved in the market chain and whether LeBron James’s income ref lects the actual price of tickets sold in the secondary market. Nevertheless the speakers claim that like in other markets â€Å"risk and uncertainty† affect the secondary market operation of basket ball tickets in the USA. The second approach discussed in the podcast involved utility concept. It measures the sold benefits as well as the non market values. Example, the local community gains utility when LeBron James lives in their city. Therefore, he adds value to the Gross National Happiness of the economy. Moreover, viewers gain utility by meeting friends, and associates at the basket ball games. Therefore, LeBron James adds various utilities to the economy that cannot be quantified absolutely. In economics utility is measured by a hypothetical unit called the utile. The absolute utile value which is gained by watching LeBron James playing basket ball is impossible to define however, a