Last Updated 27 Jul 2020

Macroeconomic measures

Category Macroeconomics
Essay type Research
Words 324 (1 pages)
Views 162

Organization’s data is vital and has to be protected. This data should have relation with macroeconomic measures for success and effectiveness of the organization. Macroeconomic measures are closely coordinated with organization data for the organization to flourish. This coordination should comprise of efforts in stabilizing exchange rates and leading ultimately. Not only in organization data where microeconomic measures have an impact but also in economy as a whole in changes like unemployment, rate of growth, national income, price levels, gross domestic products and inflation.

Using macroeconomic measures organization data helps in determining how well the organization is satisfying its customers. Management is in a position to determine how close organization’s target is. The organization is in a position to track its accomplishment. Through macroeconomic measures and organization’s data, it is possible recognize when an improvement is required and tracking use of resources and how effectively they are used is possible. Organization’s data with help of macroeconomics measures offer information that supports improvement efforts (Greenwald, 1982, p. 73).

Don't use plagiarized sources. Get Your Custom Essay on

Macroeconomic measures

just from $13,9 / page

get custom paper

Business cycles affect the performances of big drive auto by improving it and making it more effective. If big drive auto applies business cycle in time, it improves its performance. Hiring of counter cycling during recession it helps in increasing market share for big drive auto and it establishes its brand identity. It also helps in building high quality work force, lowers costs and if big drive auto cuts production and inventories then there is anticipation for recession that may cut costs relative to their competitors.

Business cycle affects performance of big drive auto by radically re-designing the organization’s procedures and structure. Business cycle allows inclusion of economy-wide measures of performance offering benchmark to performance of big drive auto (Bromiley, et. al, 2008, p. 208). List of References Bromiley, P. et. al, (2008), “strategic business cycle management and organizational performance: a great unexplored research stream,” strategic organization, Vol. 6, No. 2, pp. 207-209 Greenwald, D. (1982), Encyclopedia of economics, California: McGraw-Hill

Remember. This is just a sample.
You can get your custom paper from our expert writers

get custom paper

Cite this page

Macroeconomic measures. (2016, Aug 05). Retrieved from https://phdessay.com/macroeconomic-measures/

Not Finding What You Need?

Search for essay samples now

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Your Deadline is Too Short?  Let Professional Writer Help You

Get Help From Writers