Boom in Ireland and the Impact of Reccesion on people

By

ACKNOWLEDGEMENT

I would like to sincerely thank my friends, family and colleagues for the endless understanding, guidance and patience, and most importantly, the support and friendship during my studies. The mentorship of these people has been paramount in facilitating me a well-formed experience which has always provided unswerving guide in achieving my goals. They encouraged me to go further with all my projects and helped me groom into an independent thinker and a good student.

It is due to the humble efforts of my leaders and mentors that I have inculcated in me the confidence to develop my own individuality and sufficiency which enables me to perform the tasks with independence. In the course of completing this dissertation, I am also grateful to my co-workers and friends who provided me enough knowledge and entertainment and proved to be helpful in performing the huge research work. Besides this, the consistent guidance and assistance from my colleagues also gave me distinctive opportunities to gain a wider breadth of experience and undertake an extensive research work.

Finally, and most importantly, I extend sincere thanks to my family members, who provided utmost care and all the strength and encouragement. My faith and ambition has become stronger due to the prayers of my family who tolerated my temper and complains with patience. Without this unending support and encouragement, the completion of this enormous research work would not have been possible.

DECLARATION

I [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University.

Signed __________________ Date _________________

ABSTRACT

Boom is the phase in which the economy is at its best position and the people in the country have enough spending power which they can use easily. However, during recession, the tables are turned upside down and it has a very negative impact on the people, however, it is also advantageous because of the fact that it enables people to come up with new cost saving ideas which results in high profits in the long run. This dissertation has been written with regrads to boom and recession in Ireland, and the way in which the two professions mainly the businessmen and the doctors had to face the consequences.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

1.1Background to the Research1

1.2Problem Statement6

1.3Aims and Objectives6

1.4Research Questions6

1.5Definitions of Terms7

1.6Electronic Database Searches7

1.7Learning Process8

1.8Theoretical Frame work9

CHAPTER 2: LITERATURE REVIEW11

2.1Introduction11

2.2 Recession11

2.21Salient Features of Recession in Economy11

2.22Recession in the US16

2.3Organizational Responses to Economic Downturn17

2.31Multinational corporations17

2.32American Companies18

2.41Employee Commitment18

2.42Organizational Citizenship19

2.5The Psychological Contract as a Moderator19

2.6Boom in Ireland20

CHAPTER 3: METHODOLOGY27

3.1Introduction27

3.3Research Design28

3.4 Research Approach29

3.5Literature Search30

3.6Research Procedures30

3.7 Pitfalls and Problems30

3.9Time Horizon31

3.10 Summary32

CHAPTER 4: ANALYSIS AND DISCUSSION33

4.1Introduction33

4.2Critical Analysis33

4.3 Interview and Analysis39

CHAPTER 5: CONCLUSION41

5.1INTRODUCTION41

5.2 Conclusion41

5.4Suggestion for Future Research44

5.5.Limitations for the Study44

5.6Summary45

REFERENCES46

CHAPTER 1: INTRODUCTION

Background to the Research

The current study has dealt with the extent of the boom in Ireland and the impact of recession on ...