Libya's war and its effect on US Communities and Social Change Essay

Libya's war and its effect on US Communities and Social Change - Essay Example When I say economy, we all know that Libya is a member of the Organization of Petroleum Exporting Countries and is one of the largest suppliers of oil in the world and in the U.S. The recent conflict that happened and is happening there and the growing efforts to overthrow the present government had only hampered the normal flow of commerce and international trade. In the case of petroleum products for example, because of the war, it will take longer than usual, if not at all, to transport barrels of oil to desired destinations or buyer countries. As a result, freight is higher than normal. Retailers will then tag prices high enough to recover cost. This is what is happening in the U.S. also. As a matter of fact, one barrel of oil has reached $ 140 on 21st of March this year which is a far leap from the $ 103 per barrel price prior to the conflict. Reports said this is a direct consequence of the war. It is a given formula that fluctuations in oil price also affect the prices of basi c commodities. When this happens, inflation is simply at the doorstep of any economy like the U.S. When inflation occurs, the U.S. government will have to opt between pursuing a fiscal or monetary policy to counter inflation.

Business & its Environment (2 questions) 1. Describe Ikea's strategy Essay

Business & its Environment (2 questions) 1. Describe Ikea's strategy 2.Evaluate Ikea's market entry stategy in North America - Essay Example (Brosi, Gabel, Buitt, & Stults, 2006) "Kamprad's humble beginnings (he was the son of a farmer) had created a unique IKEA culture that was founded on respect for money and an innovative mindset" (BII, 2006). Kamprad himself used his monetary assets frugally for even business purposes. His down to earth "attitude trickled down to the co-workers, who would ensure minimal wastage and cost cutting at every level and as a result, IKEA came up with products that were aesthetically designed and were still available at affordable prices" (BII, 2006). IKEA has always created well-designed and functional home products for people at low discounted prices. Yet this is not the only reason why people want to buy products from IKEA. Company's definition of Corporate Social Responsibility is very strong and it is built in every store around the world. They promote environment friendly products and supplies, have a green transport plan and use waste-to-energy technology. IKEA's 'IWAY' for minimum requirements for social, working, and environmental conditions point to the fact that green business is indeed smart business. (Webb, 2007) (Brosi, Gabel, Buitt, & Stults, 2006) IKEA has done well to build strategic alliances and franchises for expansion purposes.