Micro economic environment Essay Example

Micro economic environment Paper The economic environment consists of external factors in a business market and the broader economy that can influence a business. You can divide the economic environment into the microeconomic environment, which affects business decision-making such as individual actions of firms and consumers, and the macroeconomic environment, which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business, which means that you have little, if any, control over them. Lets take a look at both of these broad factors in more detail Macroeconomic influences are broad economic factors that either directly or indirectly affect the entire economy and all of its participants, including your business. These factors include such things as: Interest rates Taxes Inflation Currency exchange rates Consumer discretionary income Savings rates Consumer confidence levels unemployment rate Recession Depression Microeconomic factors influence how your business will make decisions. Unlike macroeconomic factors, these factors are far less broad in scope and do not necessarily affect the entire economy as a whole. Microeconomic actors influencing a business include: Market size Demand Us apply Competitors Suppliers Distribution chain such as retailer stores Why Is It Important? The economic environment of business will play a pivotal role in determining the success or failure of a business. Lets first consider some macroeconomic factors. We will write a custom essay sample on Micro economic environment specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Micro economic environment specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Micro economic environment specifically for you FOR ONLY $16.38 $13.9/page Hire Writer If interest rates are too high, the cost of borrowing may not permit a business to expand. On the other hand, if unemployment rate is high, businesses can obtain labor at cheaper costs. However, if unemployment is too high, this may result in a recession and less discretionary consumer pending resulting in insufficient sales to keep the business going. Tax rates will take a chunk of your income and currency exchange rates can either help or hurt the exporting of your products to specific foreign markets. Now, lets turn our attention to microeconomic factors for a bit. Market size may determine the viability of entering into a new market. If a market is too small, there may not be sufficient demand and profit potential. This leads us to the concept of demand and supply. If your product is in high demand but there is low supply of it, you are going to make a tidy profit, but if your product is in low demand and the market is flooded with similar products, you may be facing bankruptcy. The quality and quantity of your competition will affect how well you do in winning customers in the marketplace. Suppliers are the arteries pumping vital supplies and resources to you for production. If you have problems with suppliers, it can clog up those arteries and cause serious problems. Likewise, the type of relationship you have with your distributors, such as retail stores, may influence how quickly your products leave their helves. Summary The environment in which a business operates is very complex and has a great deal of influence on how a business performs and whether it will succeed. Macroeconomic factors influence not only a business but also all participants in an economy and include such things as interest rates, inflation, unemployment rates, taxes, discretionary spending, periods of growth and recession. Microeconomic factors also influence the success or failure of a business and include such things as market size, demand, supply, competitors, suppliers, and distributors.

21 Subtle Signs Your Coworkers Hate You

21 Subtle Signs Your Coworkers Hate You Are you secretly (or not so secretly) afraid that your coworkers hate you? Plenty of people will make this painfully clear, but there are people who give off much subtler signs. Rather than dwelling on the angst, why not ask yourself whether your coworkers are showing, through their behavior and their comments, their dislike for you? Here are 21 subtle signs you might need a personality makeover at work (or a new batch of coworkers).1. Your gut says soIt could just be in your head, but it could also be true. If you have a particularly grumpy or nasty coworker, but you notice they aren’t being grumpy or nasty to anyone else, that might be a sign to trust your instinct. If you have a strong feeling, listen to it!2. They take credit for your workIf someone goes out of their way to steal the credit for your ideas, and they don’t do that with anyone else? Problem.3. They won’t maintain eye contactWhen you dislike someone, it’s painful to look at them, right? Yo u’re constantly afraid your look will convey the underlying hostility. If you notice a colleague avoiding your eyes, this is a possible reason why.4. They never smile near youLet alone at you. When you’re around, you feel like you have personally rained on their parade. They’re usually very chipper, just never with you.5. They’re snippyAgain, people can have bad moods and days and be generally snippy, but if you notice this happens mostly to you and almost all the time? Red flag.6. They exclude youYour colleague makes a ton of jokes and banter about the office, but you never seem to be able to wiggle your way into it. If you’re not part of the inner circle or the team, there might be a reason.7. They avoid youYour coworker practically dives into the elevator when he sees you coming, or ducks around the corner, or takes a break as soon as you arrive†¦well, the writing is on the wall.8. They spread rumorsYou’ve heard a few rumors about yo urself and they all trace back to one person†¦yeah,  there’s a very good chance that person just doesn’t like you.9. They play bossThis person is not your boss. You might even be on the same level. But they constantly try to wield unauthorized power over you. That suggests, at very least, that they find themselves superior to you in some important way.10. They don’t acknowledge youYou walk into the room and say â€Å"good morning† and everyone else says â€Å"good morning† back†¦except him.11. You never get the inviteYour coworker is constantly inviting people out to happy hours or coffees or lunches, but you never make the list.12. You pick up on bad body languageIf you catch little eye rolls here and there, or other prickly body language like arms crossed over the chest, you can sometimes read the truth in how your coworker feels about you through these cues.13. They’re defensiveYour coworker get super defensive in your presenc e. This can indicate a lack of trust, intimidation, or deeper dislike. Add it to the list.14. They don’t talk to youYou sit five feet from this person, but they never communicate with you except by email. That’s a good sign they’re trying to limit your in-person contact.15. You’re met with a chorus of â€Å"no†Your coworker(s) is always disagreeing with you. Shooting down your every idea- sometimes even before you can get the whole thing out. Ask yourself, does he/she do that with anybody else?16. They’re cliqueyIf your office has started to feel like high school and your coworker like a mean girl that bullies you, then that’s a good sign something is off in your dynamic.17. They never ask about youYour colleagues are always talking about their hobbies, families, weekend plans. Just not around you.18. You’re always on the back burnerYour concerns and needs and projects continually take a back seat. The most important things to your job performance are never prioritized by your team. Bad sign.19. You get thrown under the busIf you’re getting tattled upon, turned in, blamed for things†¦ that’s never good. There’s a good chance your disgruntled coworker is trying to get you fired.20. They encourage you to leaveIf a coworker keeps insinuating that there might be a perfect position for you somewhere else, and that you’d be â€Å"so much happier or more successful† there, that’s a great sign they’re trying to get rid of you.21. There’s no trustIf you can tell you’re on a need-to-know basis when you shouldn’t be, or that your motives are being questioned, then this is a big sign that there’s a rift.Once you figure out the verdict, you’ll have a chance to alter your behavior and right the situation. It’s always best to have your colleagues on your side. Be sensitive to their needs and wants and you’ll be much ha ppier at work yourself.

Diffusion in aluminium alloys, Hot deformation (rolling) of aluminium Dissertation

Diffusion in aluminium alloys, Hot deformation (rolling) of aluminium alloys and its dynamic recovery, dynamic recrystallisation - Dissertation Example The activation energy and diffusion constants are calculated using a variety of factors like the solid solubility, alloying content and the state of the matrix microstructure in terms of grain boundary size, dislocation density and vacancy concentration [PAPM]. The mean distance travelled by the atom during diffusion in turn is dependent on the rate of diffusion D as follows: L = (Dt)? Where L = the mean distance travelled by the atom. t = time (s) All atoms above absolute zero (-273oC) vibrate and the frequency of vibrations acts as the driving force for the movement of the atoms or for their diffusion. The frequency of vibration and diffusion increases with the rise in temperature. However, for atoms to be able to move from one lattice point to the other, the atoms need to overcome the activation energy. This activation energy is low around the metal surface and at the grain boundaries, and this is the reason for the high concentration of the precipitating solute at the grain bound aries. ... Also, temperature has a greater effect on the diffusion distance compared to time as increasing the temperature increases both the number of vacancies in a metal as well as the energy of the diffusing atoms (Wolverton, 2007). Thus, in an increased temperature, atoms are able to diffuse faster and farther. The rate of diffusion differs for atoms of different alloys and hence the reduction of micro-segregation with homogenization differs for different alloys due to the difference in their compositions. As seen from the diffusion equations presented above, the distance that atoms need to travel (which depends on the dendrite arm spacing, the relative abundance of atoms) impact on the time and temperature needed to attain the desired level of diffusion for reduction of micro-segregation. Figure1: Relative homogenization times for given dendrite cell sizes and temperatures in common aluminum alloys. (Source: Chakrabarti, 2001) According to Verlinden et al [1990] found that the dissolution of theta and S particles in an as-cast 2024 billet during a homogenization at 460oC was not possible even after 24 hours. The volume fraction was found to decrease with time but with an associated coarsening of the remaining S and theta particles resulting in coarser particles than when in the as-cast condition. A homogenization temperature of 500oC was found to completely eliminate both the S and theta particles. Due to the distances that diffusing solute atoms travel during practical homogenization treatments, these treatments are effective at removing microsegregation effects but may have little impact on macrosegregation. 2.2 Theory related to Hot Deformation Hot rolling is the