Examples of Real Life Markets Research Paper Example | Topics and Well Written Essays - 250 words

Examples of Real Life Markets - Research Paper Example This may be seen in real life in Apple’s products; the company has its own selling propaganda – when it produced the iPad it was the only firm in the market to produce such a smooth tablet for the purpose of work as well as entertainment. Other companies later came out with similar products however it holds monopoly in the market even today for its high end and sophisticated products. A monopoly however will not always produce at a profit maximizing level because if it prices its products too high then it might not have any consumers at all; thus it needs to check the level of competition among the consumers as well as the other potential producers in the market before pricing its products. Oligopoly on the other hand is a market that is dominated by a few suppliers (Oligopoly definition) for example in the case of cell phones, there are a few renowned companies like Nokia, Blackberry, iPhone, Samsung that dominate the market at a large level. They place their prices at somewhat the same as one another while bringing about innovation within their products to attract consumers. The demand thus is high however the supply is also at a constant with the demand because of the number of suppliers and options available to the

Human Resource Management Essay Example | Topics and Well Written Essays - 1500 words - 3

Human Resource Management - Essay Example Recruitment Process: The recruitment process starts right after devising the right job analysis which highlights the nature of the job, main tasks and responsibilities needed to be carried out by the potential employee (Pearn and Kandola, 1993). Job analysis gives a broader vision to the recruiter that what he needs to seek in a potential candidate and what are the demands required according to the nature of the job. It can be further highlighted by devising either a job description or person specification. Job description elaborates the tasks and responsibilities that constitute the job (Bratton and Gold, 2012; p. 224). Job description aids the recruitment agencies and the potential candidates in getting the right idea that what are the requirements an organization is seeking in a potential candidate. A typical job description consists of different elements such as job title, the department, whom should one report to, hierarchal chain, purpose and objectives of a job, requirements o f a job (travelling or working outside) and responsibilities associated with the job. However, person specification revolves around the criteria necessary for the selection of a particular candidate (CIPD, 2012) which according to Taylor (2008) are the presence of necessary skills, experience, education and qualification along with the presence of necessary behavioral attributes. ... The essential and desirable components are almost the same and they should be described more coherently and specifically to help the candidate in understanding the requirements more appropriately. The term â€Å"additional requirements† should be replaced with â€Å"required behavioral characteristics† as described by Taylor (2008). The person specification should explore that what are the basic personality and physical requirements are needed by the organization from a potential candidate. It should also explore that how much of the previous experience is required by the organization in the field of event management specifically, in organizing what types of events, in a detailed manner. It will help the candidate to explain his competencies in an efficient manner which will further help the organization to understand the attitude of the candidate in a better way. The core competencies in a candidate should elaborate his communication skills, people management attitude, whether if he/she is suitable to work in a team, customer services, results and problem solving attitude (CIPD L and D Report, 2007). Critical Analysis of Interview Structure: Interview plays a critical role in the recruitment and selection process. Interview enables the employer and the prospective employee to learn more about each other. It enables the employers to confirm the information disclosed by the candidate on the application form as well as to ask questions and to evaluate the personality of a candidate, his character, oral skills and the capability to tackle the tough situations. Interview helps the employers to develop a better understanding about the prospective candidate which is impossible to gain by just reading the application