Ensuring Economic Opportunities for Young Americans Essay

Ensuring Economic Opportunities for Young Americans - Essay Example Department of Labor), Algernon Austin (Director of the race, ethnicity, and the economy program Economic Policy Institute), Matthew Segal (Founder & Co-Chair 80 Million Strong, Dorothy), Dorothy Stoneman (President and founder YouthBuild USA) and D. Mark Wilson (Principal Applied Economic Strategies, LLC). The positions taken by each participant on the issue has been briefed as under. At the beginning of the session, Chairman Miller gave a concise opening speech on the alarming rate at which the unemployment among young Americans is on a rise. He briefed about the worsening economic conditions of the nation, comparable to the aftermath of the Second World War, due to which the younger generation in some instances have to compete with the more experienced in the job market, for jobs meant for the relatively inexperienced. In addition, a shortage of summer jobs for the youth constrained their potential education opportunities since often it is found that the students use the funds to pay their tuition fees. Moreover, summer jobs often taught them discipline and helped in the development of leadership skills in them. So, an axe on the number of such jobs had multi-dimensional effects on the future of the youth of the nation. Hence, the Chairman proposed an initial investment of $ 1.2 billion in the economy for employment generation. Besides there were other distingu ished contributors in the meeting who prescribed a number of policy suggestions to tackle the situation. The eminent participants addressed the issue by proposing strategies to curb the same. Mathew Segal recommended that any policies meant to address the issue must focus upon four different areas – the amount of resources allocated for investment should be increased, there must be increased facilities of education loans, the propensity for public service jobs must be enhanced among the young minds and the education imparted at schools must be

Arthur Andersen Essay Example | Topics and Well Written Essays - 1250 words

Arthur Andersen - Essay Example Long-range planning is most often an extrapolation of the present. It answers the question of how to get the job done. For example, if you (as a city department head) plan to provide the same services with the same frequency to an expanded city, that is long-range planning (Bateman and Snell 2009). In Arthur Andersen, planning function of management is based on unique strategic goals and competitive pressure, the need to meet customers' needs and preferences. "Once managers have assessed the various goals and plans, they will select the one that is the most appropriate and feasible" (Bateman and Snell 2009, p. 135). The planning function of management is to incorporate mission, vision, objective and goals into a well-thought development plans. For Arthur Andersen, the three basic strategic options are to grow, to remain static, or to shrink. The intent here is not to go into a detailed discussion of their application, but simply to point out the importance of establishing a clear theme of organizational direction and intent. Describing the overall strategy in clear terms is the pragmatic link to organizational objectives. Objectives, in turn, are the specific steps used to execute the defined strategy. Organizational goals are derived from the major categories of problems and opportunities, while objectives are derived from the specific issues that are listed as problems and opportunities. Thus, there will be a much larger number of objectives than organizational goals. Each objective is categorized under the specific goal that it supports. Worthwhile objectives meet certain criteria and are achievable. These conditions may be more stringent than they sound. Many times, too much is taken on in strategic-planning conferences, resulting in unrealistic expectations (Bateman and Snell 2009). Legal issues, ethics and corporate social responsibility have a great impact on planning determining the main directions and framework of future performance. The legal norms and principles are the core of planning process. Similar to other accounting firms, Arthur Andersen pays a special attention to FASB and Codes of ethics. Ethical issues involve fair treatment f all customers and high morale, strict moral principles of the profession and in personal relationships. This description implies that the responsibility of individuals and firms is to identify and respond to market stimuli and to make profits for the shareholders. Any corporate action on social issues is considered to violate management's responsibility to shareholders (Gutman, 2002). As the most outspoken supporter of the fundamentalist position, According to an accepted manifesto of the managerial view, the modern professional manager also regards himself, not as an owner disposing of personal property he sees fit, but a s a trustee balancing the interests of many diverse participants and constituents in the enterprise, whose interests sometimes conflict with those of others. What all this implies is that Arthur Andersen's managers have enough discretionary control of corporate resources to consider adding social responsibi