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Topic Review
Organizational Orientations
Organizational orientation is defined as an individual's predisposition toward work, motivation to work, job satisfaction, and ways of dealing with peers, subordinates, and supervisors on the job (Papa 2008). It can also be referred to the different ways people approach their roles in an organization and the different approaches people have toward work and the place of work in their lives (organizational orientations). Three organizational orientations have been identified as: upward mobile, indifferent, and ambivalent (Goodboy 2007). These three types of orientations are associated with organizational communication behavior and organizational outcomes such as employee job satisfaction and motivation. Presthus believed that these orientations results in employees having different orientations toward work itself, motivation to work, and job satisfaction (McCroskey 1998). These orientations are also believed to be traits, people will have these orientations regardless of the organization they are working for.
  • 614
  • 19 Oct 2022
Topic Review
Online Music Store
An online music store is an online business which sells audio files over the Internet, usually sound recordings of music songs or classical pieces, in which the user pays on a per-song or subscription basis. It may be differentiated from music streaming services in that the online music store sells the purchaser the actual digital music file, while streaming services offer the patron partial or full listening without the actually owning the source file. However, online music stores generally offer partial streaming previews of songs, with some songs even available for full length listening. Online music stores typically show a picture of the album art or of the performer or band for each song. Some online music stores also sell recorded speech files, such as podcasts and video files of movies.
  • 441
  • 19 Oct 2022
Topic Review
Real Estate Bubble
A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and typically follow a land boom. A land boom is the rapid increase in the market price of real property such as housing until they reach unsustainable levels and then decline. This period, during the run up to the crash, is also known as froth. The questions of whether real estate bubbles can be identified and prevented, and whether they have broader macroeconomic significance, are answered differently by schools of economic thought, as detailed below. Bubbles in housing markets are more critical than stock market bubbles. Historically, equity price busts occur on average every 13 years, last for 2.5 years, and result in about 4 percent loss in GDP. Housing price busts are less frequent, but last nearly twice as long and lead to output losses that are twice as large (IMF World Economic Outlook, 2003). A recent laboratory experimental study also shows that, compared to financial markets, real estate markets involve longer boom and bust periods. Prices decline slower because the real estate market is less liquid. The financial crisis of 2007–2008 was related to the bursting of real estate bubbles that had begun in various countries during the 2000s.
  • 754
  • 19 Oct 2022
Topic Review
Ras Al Khaimah
Ras Al Khaimah (Arabic: رأس الخيمة; IPA: [raʔs alˈxajma]), historically known as Julfar, is one of the seven emirates that make up the United Arab Emirates (UAE). The capital city and home of most residents is also called Ras Al Khaimah, sometimes abbreviated as RAK city. Its name could be taken to mean "headland of the small huts", which can be attributed to the indigenous buildings that existed along the coast. The emirate is in the northern part of the UAE, bordering Oman's exclave of Musandam. It covers an area of 2,486 km2 (960 sq mi). The emirate had a population of 210,063 at the 2005 Census, of which 41.82 percent or 87,848 were Emirati citizens. Latest estimates put the total population at between 250,000 and 300,000. Locals accounted for 97,529 in the population estimate for 2010. Its capital city RAK city has two main sections, Old Ras Al Khaimah and Nakheel, on either side of a creek. It is served by the Ras Al Khaimah International Airport. It consists of a northern part (where the city of Ras al-Khaimah is situated), and a large inland exclave in the south (near Hatta), and a few small islands in the Persian Gulf. Ras Al Khaimah has the most fertile soil in the country, due to a larger share in rainfall and underground water streams from Omani mountains.
  • 1.2K
  • 19 Oct 2022
Topic Review
WebSphere Commerce
IBM WebSphere Commerce also known as WCS (WebSphere Commerce Suite) is a software platform framework for e-commerce, including marketing, sales, customer and order processing functionality in a tailorable, integrated package. It is a single, unified platform which offers the ability to do business directly with consumers (B2C), with businesses (B2B), indirectly through channel partners (indirect business models), or all of these simultaneously. WebSphere Commerce is a customizable, scalable and high availability solution built on the Java - Java EE platform using open standards, such as XML, and Web services. IBM WebSphere Commerce is sometimes referred to as WCS, however this abbreviation was originally used as a reference to the platform when it was named WebSphere Commerce Suite. Use of the abbreviation continued with users and solution implementers after the platform was renamed to WebSphere Commerce with the announcement of WebSphere Commerce V5.4.
  • 1.1K
  • 19 Oct 2022
Topic Review
Monetary Policy Committee
The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative easing and forward guidance. The Committee comprises nine members, including the Governor (from 2013 Mark Carney), and is responsible primarily for keeping the Consumer Price Index (CPI) measure of inflation close to a target set by the government (2% per year as of 2016). Its secondary aim – to support growth and employment – was reinforced in March 2013. Announced on 6 May 1997, only five days after that year's General Election, and officially given operational responsibility for setting interest rates in the Bank of England Act 1998, the Committee was designed to be independent of political interference and thus to add credibility to interest rate decisions. Each member has one vote, for which they are held to account: full minutes of each meeting are published alongside the Committee's monetary policy decisions, and members are regularly called before the Treasury Select Committee, as well as speaking to wider audiences at events during the year.
  • 637
  • 19 Oct 2022
Topic Review
The Experience Economy
The term "Experience Economy" was first used in a 1998 article by B. Joseph Pine II and James H. Gilmore describing the experience economy as the next economy following the agrarian economy, the industrial economy, and the most recent service economy. The concept had been previously researched by many authors. Pine and Gilmore argue that businesses must orchestrate memorable events for their customers, and that memory itself becomes the product: the "experience". More advanced experience businesses can begin charging for the value of the "transformation" that an experience offers, e.g., as education offerings might do if they were able to participate in the value that is created by the educated individual. This, they argue, is a natural progression in the value added by the business over and above its inputs. Although the concept of the experience economy was initially focused in business, it has crossed into tourism, architecture, nursing, urban planning and other fields. The Experience Economy is also considered the main underpinning for customer experience management.
  • 659
  • 19 Oct 2022
Topic Review
Superconductivity and Hydrogen Economy
Hydrogen as an energy carrier is a promising alternative to fossil fuels, and it becomes more and more popular in developed countries as a carbon-free fuel. The low boiling temperature of hydrogen (20 K or −253.15 °C) provides a unique opportunity to implement superconductors with a critical temperature above 20 K such as MgB2 or high-temperature superconductors. Superconductors increase efficiency and reduce the loss of energy, which could compensate for the high price of LH2 to some extent. Norway is one of the pioneer countries with adequate infrastructure for using liquid hydrogen in the industry, especially in marine technology where a superconducting propulsion system can make a remarkable impact on its economy. Using superconductors in the motor of a propulsion system can increase its efficiency from 95% to 98% when the motor operates at full power. The difference in efficiency is even greater when the motor does not work at full power.
  • 707
  • 19 Oct 2022
Topic Review
Informal Sector Employment and Economic Growth
Originating in the context of third-world countries, the informal sector constitutes a dominant part of the economy and is identified as an untapped reservoir of opportunities in terms of employment and the entrepreneurial capabilities of developing countries; it is often called the subordinate zone of the overall economy that can play a significant role in the growth and socio-economic development of countries across the world. The informal sector accounts for almost half of the economic activities in developing countries. These activities were initially backed by the core assumptions of the classical theory that the informal economy would wither away after achieving persistent growth. However, the new view of the informal economy features it as contemporary growth that should proceed as a result of the changed economic context of countries. The prevalent feature of the informal economy around the globe provides support to the new view of informality, mentioned as a dichotomist’s approach, which indicates that the informal economy will not wither away; rather, it will be contested in an arrangement of interdependent coexistence with distinctively different conditions, notably in terms of employment arrangements.
  • 1.6K
  • 19 Oct 2022
Topic Review
Euronext
Euronext is a European stock exchange seated in Amsterdam, Brussels, London, Lisbon, Dublin and Paris. In addition to cash and derivatives markets, the Euronext group provides listing market data, market solutions, custody and settlement services. Its total product offering includes equities, exchange-traded funds, warrants and certificates, bonds, derivatives, commodities and indices as well as FX platform. In 2018, Euronext is the largest in continental Europe with 1,300 issuers representing a €3.8 trillion market capitalization. Euronext merged with NYSE Group, Inc. on April 4, 2007 to form NYSE Euronext (NYX). On November 13, 2013 Intercontinental Exchange (NYSE: ICE), completed acquisition of NYSE Euronext. In June 2014 Euronext completed an initial public offering making it a standalone company again.
  • 1.7K
  • 18 Oct 2022
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