Economic Brief: Management Of Companies And Enterprises (Essay Sample)
-Explain economic principles and their applications in the real world.
-Summarize the different types of market structures and the role of government in economics.
-In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in an industry that interests you.
-An example economic brief, template, and resources are provided below.
Example Economic Brief, Assignment 1 Template, Strayer Writing Standards (SWS)
Review an example brief.
Use the optional template to help you get started.
Get familiar with the Strayer Writing Standards (SWS). (See Instructions below.)
Use this resource to select an industry and learn about the products and services it provides:
-NAICS (North American Industry Classification System)
-Select the number next to the industry to see its subsectors, e.g., select 52 to see Finance and Insurance.
-Select that same number again to read about the industry as a whole or select a sub-category. For example, Mining is 21, and Oil and Gas Extraction, a sub-category, is 211.
-I CHOSE 55:Management of Companies and Enterprises FROM THE NAIC
-Review your previous chapter readings and use the resource above to develop an economic brief that is two to three (2-3) pages long in which you:
-Select an industry and describe the goods and/or services this industry produces. Use the NAICS resource above to help you select an industry (and/or subsector) for your brief.
-Identify this industry’s market structure and at least two or more market characteristics that support this market structure. (Market structures are covered in Weeks 3 and 4.)
-Describe any notable microeconomic relationships, market outcomes, and/or trends in this industry. --Include a graph, chart, or table containing related data. (Microeconomic relationships and market outcomes are covered in Weeks 2 through 4.)
-How might government impact this industry’s market prices, output, and/or market structure? (Government intervention through price controls, industry regulations, and antitrust enforcement is covered in Weeks 2 and 4.)
-This course requires use of Strayer Writing Standards (SWS). The format is different compared to other Strayer University courses. Please take a moment to review the SWS documentation for details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these standards.)
Your brief should include a cover page.
-Your brief should be two to three (2-3) pages in length (not including the cover page), double-spaced, 12-point font.
Your brief should include a minimum of one (1) reference/citation in the text.
By Your Name
Management of Companies and Enterprises
'Management of Companies and Enterprises' is an economic subsector, and the enterprises that operate here can be divided into three distinct forms. The first kind offer services that involve holding securities and various forms of equities of firms. The second type are the privately-owned enterprises (nongovernmental establishments). Their role is to administer the running of other firms and companies, but they do not hold their equities (census.gov, 2016a). The third form are those that manage the shares and equities of other organizations, and they hold their shares and equities. These institutions carry out the strategic planning activities as well as organizational activities, and they are also tasked with decisions-making roles for these organizations and companies.
Industry Goods and Services
The kind of services that are offered in this industry mainly involve holding equities and shares of different firms and enterprises. The establishments are tasked with managing the operations of different organizations (census.gov, 2016b). Furthermore, the services also involve undertaking strategic functions such as decision-making activities and planning activities in the organizations to ensure that they run smoothly and efficiently. Whereas these institutions tend to hold a certain percentage of shares in other organizations, they do not engage in the daily operations and management. This implies that they do not control the activities of these organizations which they hold shares.
Market Structure and Characteristics
The market structure and characteristics of industries that operate in this sector tend to differ based on the kind of services they offer to the public. The market structure is made up of organizations that hold shares and equities for other enterprises and firms, and they can also control their internal activities. One of the major characteristics of these organizations is that they act as holding firms, and their role is to hold shares of other enterprises. Conversely, other organizations do not control or manage the daily activities of other firms even if they hold their equities. Organizations that have purchased shares in a certain company usually participate in the decision making processes, but this does not mean that it will be invol
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