Microeconomics Essay Example | Topics and Well Written Essays - 1000 words - 4

Microeconomics - Essay Example The worst thing about monopoly is that the seller gets market command by which he may exploit the customers either by charging high rate or sacrificing product quality. Though, monopoly is not a good thing in the market, it cannot be avoided from the market. Suppose, when the seller has a monopoly over certain resources which are used for producing a particular item such as oil, minerals etc. Sometimes, when a seller is equipped with a unique skill, which others in the same industry lack. In certain occasions, monopoly is legally attained for the patent or copy right for a product/service. Government also allows certain organisation to have sole power over certain product/service by legislation. One such organisation is what this paper is going to discuss about. Indian Railway comes under the department of Indian Government, which came into being in1853. It is the world’s second largest rail network. All the rail operations are managed by the state-owned Indian Railways, which fall under the jurisdiction of Ministry of Railways. Rail transport is one of the common modes of the transport for large population of the country. Its network spreads across 28 states and 3 union territories with limited services to places like Nepal, Bangladesh and Pakistan. (Indian Railways, para. 4) It is the second largest commercial employer in the world and has more than 1.54 million employees and runs as many as 11,000 trains daily. (Official web site of Indian Railway). It has been assisting the growth of Indian economy directly and indirectly since its inception. During the many ups and downs of the country’s economy in the past, railway has been an integrating force to stabilize the economy and maintain economic growth of the country. Indian Railway is not a private corporate body. It operates under the Railway Department of Ministry of Railways of Government of India. But, in the recent times it is striving to attain the professionalism in

International business DISCUSSION Essay Example | Topics and Well Written Essays - 250 words - 3

International business DISCUSSION - Essay Example While they are out, HR professionals should contemplate on how much the expatriates rely on them and the impact of their personal touch they have. Organizations should invest in global awareness training and educate employees who are involved in global operations at all levels. The HR should give achievable expectations and be clear about post-assignment obligations. The role of the HR professional is to make the expat understand what the assignment, he/she is going to undertake. Expatriates should get predeparture assistance and consultations for expats and their families. It will be a good practice if basic language skills and intercultural training be provided to the expatriates (Tyler 98). Providing good strategies for expatriates such as a reasonable budget and a selection of support services would be a good approach. It spends employers’ money intelligently, and their families would confide in the business as they think the company recognizes the challenges the families go through. HR professional ought to enable mentor relationships amongst expatriates and establish systems to give incentives to mentors. Carl says, "Some of the expats I worked with had terrible times coming back; there was nothing available to them" (2006). Getting an expatriate home safely is an important cause to the expatriate, his/her family and the sponsoring organization (Tyler 100). An expatriate will experience emotional and professional challenges that deter an unbroken return and can result to their resignation. HR professional(s) has a mandate to make the expats feel lucky to have their job at the