Article Analysis

Article Analysis

Article # 1

The following article was written by Robin Harding and James Politi in Washington. The focus of the article was targeted towards a gradual decrease in the economic growth of the United States. This article was last updated on July 27th, 2012. This was before President Barrack Obama was re-elected as the new President of the United States. It is highlighted here that with this decrease in economic growth of the country, it is expected that Romney may take full advantage of this and eventually the results of the elections may be affected by these statistics. Economic growth of the United States fell by 1.5 percent. In the defense of the administration of Barrack Obama, the White House council chair of the advisers of economics highlighted that there has been a significant increase in the spending of the consumers, however because of the recession of 2007, the unemployment rate of the country grew substantially. The economic growth of any country mainly depends on the GDP of that particular country. In addition to that, various other factors come into play which may include unemployment, consumer spending, etc. Because of the recession of 2008, which initiated at the later stages of 2007, there was considerable cut down in the job market.

People were made redundant and organizations looked to decrease their cost. It is considered that the major cost of the organization is the cost of wages that it has to pay to its employees. Thus, numerous people across the world were laid off from work and their jobs. Because of this, numerous people lost the financial support that they had preciously and eventually this affected their spending power as well. In addition to that, when people did not have the income to support their households, they gradually had to decrease their expenses. This further led to a significant decrease in the exports of the United States. Apart from that, since the unemployment rate went higher than expected, the people had to be accommodated somewhere so that they could be able to afford to survive during the period of recession. This required a considerable amount of government spending from the administration of President Barrack Obama. But the economic conditions of the country did not allow that as well. Thus, the rate of unemployment fell by 1.5 percent. Even though the conditions of the economy of the United States had worsened, the administration of Barrack Obama handled the situation better than what was expected of them. Thus, the article highlights unemployment, inflation, exports, reduced spending of the consumers and even the buying power of the consumers in the United States.

Article # 2

This article was written by George Bradt. In this article, he highlights the importance of the culture of the organization. He initially refers to an organization's competitive advantage. Competitive advantage is any advantage that provides the organization an edge over the competing firms. Furthermore, it aids in the generation of greater revenues, which eventually result in greater ...