Money Can Buy Happiness! :: Happiness Essays

What is happiness? According to the dictionary, happiness is a mental or emotional state of positive or pleasant emotions. Now think closely, what does happiness mean to you? Many people say money can’t buy you happiness, some people say it can. People say, â€Å"How can you not be happy when you have a ton of money?† But people also say, â€Å"Having too much money can get in the way of happiness.† To me money is just green paper that lets you buy things you want and need. But can this green paper really buy you happiness? After reading this paper of mine, think about the question again and what do you believe is true. I am going to share with you a little story about someone that thinks money can’t buy happiness. This story is written by a seventeen year old girl named Michelle who was asked this question for an interview for New York Daily News, so read and think about her story: I never really thought the expression, â€Å"money can’t buy happiness†, was true. As an infant, just by observing the people around me, I observed when they would obtain money and a huge grin would spread across their face, the corners of their smile spreading from ear to ear. Whenever I would see that grin and a person’s face light up at the sight of a crisp, green bill it would make me believe that I had proved the famous expression wrong. Now that I’ve grown up and matured, my idea of that expression has changed. As of now, I am able to reflect on life more and look deeper into things and particularly into people more than I was able to do years ago. My ideas about this expression changed the most though because of the money situation my family had stumbled upon because of the failing economy. I remember being younger when the economy was doing well and waking up to twenty gifts for each of my three sisters and I. We used to believe that all of those presents, brought in because of money of course, were the best part of waking up on Christmas. Of course all of those toys and material items would make a child happy; however looking back it would only make them happy if it was given to them by somebody who bought it for them with love.

Inflation and Unemployment

Macroeconomics help Name: Institution: Inflation is the rise in general prices of goods and services over a specific period of time. Unemployment is a state where people are able and willing to work at the ongoing market prices of labor but they are unable to secure a Job. According to the Phillips curve, there is a consistent relationship between inflation and unemployment (Nevi, J. W. 1981, peg 3). When the rate of unemployment is low, the level of inflation is high and when the level of employment is high, inflation level is low.Since majority of the Americans regard inflation to be a bigger threat than unemployment, they will ether stay unemployed but to let the value of a dollar stabilize. Therefore they will rather be employed during stable prices than rising prices. The Americans favor unemployment to inflation. When 10% of the workers are laid off, it will imply that unemployment will increase and an Increase in unemployment Implies a decrease In inflation. If the wages are r educed by 5%, it will mean that even more worker can be employed due to the reduction of labor cost.This will lead to an Increase In employment thus the level of unemployment will go down. A decrease In unemployment leads to an increase In level of inflation. Therefore they will rather go for 10% of workers being laid off than a 5% cut In their wages. They will vote for 10% workers being laid off. Their knowledge of who will be laid off won't affect their decision in voting because they are all against Inflation. They will rather not work than work for a wage with low purchasing power. Therefore they are after their purchasing power than Just a Job.Fiscal policy Is an attempt to manipulate government expenditure and taxation so as to affect aggregate demand and aggregate supply to achieve full employment and price stability. Monetary policy Is a policy that affects money growth (Landing, F. K. 2009, peg 34). Therefore when the government uses monetary policy, the money supply will I ncrease. The government will cut taxes to treat the deficit. When the Fed will prevent growth In reserves, It Implies that the borrowing will be constant thus no preventions on borrowing from commercial banks.This will result to an Increase In money supply as the government too Is borrowing. According to the ELM curve, when the two polices are used, at the point where the Interest rate Is low, monetary policy has no power. When fiscal policy Is used, Increase In supply of money has no effect on the Interest rate. Therefore when the IS-ELM equilibrium Is low, fiscal policy Is the suitable policy to use. When the Fed Increase the supply of alienable funds through and expansion of commercial banks, the supply of money will Increase at the same ongoing Interest rate.The Fed will not succeed to prevent the Interest rates from rising. Interest rate Is assumed to be flexible according to the classical economists. This Implies that the Interest rate will rise In order to attain the previous equilibrium. Therefore a lower Interest rate trap as advocated by the Keynesian economist is where inflation will be set. When he economic resources are idle, the output is always low. The reason the government will borrow will be to stimulate the economy. Inflation and Unemployment INTRODUCTIONInflation seems to be a chronic problem in many parts of the world today and unemployment, a phenomenon, true for Pakistan, and valid for United States and other western economies. Even the fastest growing Chinese economy is not totally immune to it. Thus this research project deals with the analysis of unemployment and inflation in Pakistan. The purpose of this research is to analyze the relationship that exists between these two macroeconomic variables, which affect every nation as well as an individual.The Phillips curve shows a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. It is the trade-off between inflation and unemployment (Mankiw, 2002). The lower the unemployment in an economy, the higher the rate of change in wages paid to labor in that economy.LITERATURE REVIEWThe relationship between unemployment and inflation the two macroeconomic variables is usually summarized by the Phillips curve. Different studies have been conducted related to these variables in order to see whether any relationship between these two macroeconomic variables exists or not. While analyzing the trade-off between inflation and unemployment in Asia, (Dua 1996), takes inflation as the function of expected inflation, unemployment gap/ output gap, exchange rate, import inflation and oil price inflation. In India and Philippines the tradeoff between inflation and unemployment does not exist, whereas, in Japan, Korea, Singapore, and Hong Kong it does. (Rafael, MacCulloch, & Oswald 2000), on the other hand, suggest that welfare  and life satisfaction level is a function of inflation and unemployment and people are happier when rates of both are low.However unemployment in comparison with inflation depresses people more than inflation. Thus while controlling country fixed-effects, year effects, and time trends, it is estimated that people will trade 1% increase in unemployment for 1.7% increase in inflation. A strong positive relation between unemployment rate and inflation rate lagged one or two years is also shown, which is inconsistent with both Philips curve and NAIRU. In other words the trade-off between inflation and unemployment rate does not exist, except in the same year, and in the long run unemployment is a positive function with inflation (Niskanen 2002). Namibia, using the time series data from 1991-2005, exhibits the presence of stagflation in its economy.In other words he found increase in both inflation and unemployment at the same time, which contradicts the traditional short-run Philips curve (Ogbokor 2005). (Furuoka 2007) using the data of Malaysia from 1975-2004 shows and existence of co-integrated as well as casual relationship between inflation and unemployment. That is the study provides an empirical evidence to support the Philips curve.Likewise, Philips curve also exists in Japan, with negative coefficients of linear link between inflation and unemployment. Also there is a generalized linear and lagged relationship between labor force, unemployment and inflation in Japan, which is confirmed by the fact that the driving force behind unemployment and inflation is the change rate of labor force level (Kitov 2007). In this paper, a Philips curve with linear link will be calculated for Pakistan to see if the negative relationship between the variables exists or not.Problem Statement: What is the likely relationship between inflation and unemployment in Pakistan? Hypothesis: If unemployment increases, then inflation decreases.Data Source: Secondary data for the purpose of this research has been obtained from the year 2000-2011. The data on unemployment rate (percentage of total labor force) and inflation rate (general not adjusted for food and energy) for Pakistan, has been taken from the Economic Survey of Pakistan.ObjectiveThe objective of this research is to determine the relationship between inflation and unemployment for the economy of Pakistan. Phi lips curve is based on the equation where unemployment is the function of inflation.METHODOLOGYHere, a regression is run for inflation rate and unemployment rate for Pakistan. The functional form of the model which is as follows: Y = ÃŽ ²ÃŽ ¿ + ÃŽ ²1X1 + ЄSubstituting the above inflation function in the equation INFt = ÃŽ ²ÃŽ ¿ + ÃŽ ²1Ut + Єt Where U is the unemployment rate and INF is inflation rate for a given time â€Å"t†. The Equation obtained after running the OLS model is: INFt = 30.96981 – 3.306067 UtDependent Variable: INFMethod: Least SquaresDate: 08/01/13 Time: 21:49Sample: 1 12Included observations: 12Variable Coefficient Std. Error t-Statistic Prob.C 30.96981 6.078158 5.095263 0.0005 U -3.306067 0.882942 -3.744377 0.0038R-squared 0.583686 Mean dependent var 8.549167 Adjusted R-squared 0.542055 S.D. dependent var 5.344512 S.E. of regression 3.616718 Akaike info criterion 5.560023 Sum squared resid 130.8065 Schwarz criterion 5.640841 Log likelihood - 31.36014 Hannan-Quinn criter. 5.530101 F-statistic 14.02036 Durbin-Watson stat 2.038825 Prob(F-statistic) 0.003819While interpreting the regression line, the negative sign with the coefficient of unemployment shows that in Pakistan Inflation and unemployment are inversely related at â€Å"t† period. One percent increase in unemployment in one year will bring a decrease in inflation of 3.306067 percent. Unemployment in this simple regression model is statistically significant as the probability of t-stats is less than 0.05 and so we reject H0. The intercepted value 30.96981 of B0 shows the inflation rate when unemployment is zero. The R2 for this model, which lies between 0 and 1, comes out to be 0.583686 which shows that 58.36 percent of the variation in inflation is explained by unemployment.The adjusted R2 statistics comes out to be 0.542055. The Durbin-Watson d statistics test, which is done for autocorrelation, is 2.038825 for Pakistan, showing that there is no auto or se rial correlation. As this is simple regression model multicollinearity is not present. As the probability of F-stat is less than 0.05 we will reject H0 which means that the model is overall statistically significant. The Scatter Plot for Inflation and Unemployment somehow depicts the same relationship as above.CONCLUSION & RECOMMENDATIONThis study is conducted in order to make an analysis of inflation and unemployment in Pakistan from year 2000-2010. It has employed a simple regression analysis technique. The main conclusion derived from this study is that the tradeoff between these two variables, the Philips Curve, is observed in Pakistan. When unemployment is high, the cost of goods will increase during an inflationary period, but firms will be able to hire cheap labor, as labor will be in surplus.Wages will not rise while unemployment remains high. Workers will have to borrow money or reduce the amount of goods they purchase. If workers cannot get loans, firms will have to lower prices to continue to sell products, thus reducing inflation. This study makes the following recommendation in the light of its analysis. Easy fiscal policy can be used to decrease unemployment at the expense of inflation, as mild inflation is desirable in every economy. However in Pakistan the inflation rate is much higher than the unemployment rate. Thus Pakistan has to focus more on policies which lead to reduction in inflation but the  Government should also control unemployment at the same time.

Nogo Railroad

Case Summary: NoGo Railroad Dave Keller a chief dispatcher with limited managerial experience has gotten a major promotion, making him the communication manager of the division. However this promotion has come with numerous problems. Because of NoGo Railroads unique operations it has had little to no competition and no compelling reason to modernize operations, but that is about to change as Dave has been given the mandate to observe different job functions, eliminate obsolete practices and modernize wherever possible.With rumors running rampant through the organization of layoffs and job function changes, as well as previous failed attempts to implement other job changes similar to what management is again trying to implement, Dave realizes that he has a few problems ahead of him. With key problems being cutting employee costs and morale problems brought about by blatant nepotism and feather bedding, Dave believes that by eliminating these issues it would prevent major layoff for cl erks and telegraph operators.Both groups however would have to accept changes that would result in reduced compensation and possibly additional responsibilities for them all. With a firm backing from a Union that is known to be rigid against concessions in these areas Dave needs help from upper management that seems to not be forth coming. Coupled with his uncertainty about resistance action that may be taken by the group Dave is feeling vulnerable and apprehensive about his new job and is questioning the intent behind his promotion. Questions and Task Assignment 1.Identify and explain the changes you would make to the current employment arrangement? Sean Murray & Kemoy Miller 2. What strategies would you put in place to effectively manage the change? Explain the relationship between these strategies and the possible resistance to the changes. – Racheal Callaghan & Aundre Hamilton 3. Using the case as a reference point, explain the importance of change/change management, and discuss its relationship to effective organization management and performance. – Asha-Gaye Graham & David Rogers.Question 1: Changes to the Employment Arrangement (Insert answer here) Question 2: Resistance to Change and Management Strategies The inability of people to adapt to change is not new. Employees are not always receptive to change due to a combination of factors. Management may mitigate against high levels of change resistance by taking these factors into consideration and designing and implementing strategies to deal with issues that may arise. Some factors to consider are as follows: 1. Self Interest- Employees tend to resist a change they believe conflicts with their self-interests.A proposed change in job design, structure or technology may increase an employee’s workload, for example, or cause a real or perceived loss of power, prestige, pay or benefits. (Daft, 2012) This factor seems evident in the case of NoGo Railroads as a key source of disgruntlemen t for employees was the rumor that they may have to assume responsibilities outside of their job descriptions without an increase in compensation, as well as a general reduction of benefits with the changes in the contractual pay agreement. . Lack of Understanding or Trust- Employees often distrust the intentions behind a change or do not understand the intended purpose of a change. (Daft, 2012) Information about the changes that were to be implemented was far from free flowing and easily accessible. Instead rumors, whether true or untrue took main precedent and resulted in increased levels of distrust as employees were not fully aware of the reasons for the need for change and the actions that were to take place at NoGo. 3.Uncertainty- Uncertainty is a lack of information about future events and represents a fear of the unknown. It is especially threatening for employees who have a low tolerance for change and a fear of anything outside of the ordinary. They do not know how a chang e will affect them and worry about whether they will be able to meet the demands of a new procedure or technology. (Daft, 2012) Poor access to good information lead to low trust levels of trust and also uncertainty which only increased NoGo’s employees’ resistance to change. . Different Assessment and Goals- Another reason for resistance in change is that people who will be affected by a change or innovation may access the situation differently from an idea champion i. e. in individual or group leading the change movement. (Daft, 2012) In response to these factors one may choose to either conduct a force field analysis of the situation, which involves â€Å"weighing† the driving forces (problems or motivations that provide motivation for change) against the restraining forces (various barriers to change).Another approach would be to adopt specific tactics to overcome resistance depending on the main factors causing the resistance. Some strategies include: * Comm unication and education, which essentially is the attempt to overcome uncertainty and lack of understanding by providing free flowing access to accurate and clear information about the change and its results. * Participation, which involves including stakeholders of the change into the change process in order to have them understand and commit to the change. Negotiation, or the use of formal bargaining to win acceptance and approval for a desired change * Coercion, and the use of formal powers by managers to force the change on employees * And finally, top management support, that sees top executives reinforcing the importance of innovation both verbally and symbolically which signals to employees that the changes is important for the entire organization. In the case of NoGo the most effective strategies would be a combination of four of the specific tactics, namely Communication and education, participation, negotiation and top management support.Communication and education would b e used to tackle the issues of distrust and uncertainty. By clearly informing employees of the objectives of the exercise, outlining the actions that are to take place and the benefits of these actions, all employees will be on the same page and dialogue that would ensue between management and the employees could be used to provide clarification and reassurance to employees where necessary, reducing the chances of conflict. After educating employees on the change that is to take place having them participate in the change would be the next step. By including them in the ecision making where necessary would mean they would be more vested in the project and less likely to reject something they helped build. Because of the role of the unions in employee affairs negotiations would be a must as a part of NoGo’s change implementation process, especially in regards to the pay contract. By coming to a mutually acceptable decision, conflicts are exceedingly avoidable. Finally after wo rking to get employees vested in the change process it is important to now reinforce the importance of the drive for this change by top management showing their support for the initiative.This would assure employees that this process is indeed an organizational wide one, and everyone is vested in the effort and its challenges and successes. Question 3: Change Management and Effective Organizational Management NOGO Railroad has experienced little to no competition over the years. A need for change was identified by Dave Keller the Communications. Change Management will modify and transform the organization so as to facilitate efficiency and performance.Change is crucial to an organization’s survival, as it allows the organization to survive in a dynamic environment. Change is important as it allows an organization to able to be flexible and develop/maintain an organic structure. To achieve this NOGO Railroad will need to conduct an Organizational Development intervention. This intervention will include activities such as: team building, inter-group educational and training, structural, interpersonal, coaching and career planning and organizational transformation.With these activities the culture and structure of the organization will change in such a way, which will improve the productivity of the organization, lower absenteeism, increase loyalty, lower human resource cost with the added implementation and enforcement of proper human resource policies. Reference Daft, R. (2012). New Era of Management. 10th Edition. South- Western: Cengage Learning. Hayes. J,(2002) The Theory and Practice of Change Management. MacMillian Holbeche. L,(2006) Understanding Change: Theory, Implementation and Success. Oxford: Butterworth-Heinemann.

Nvq Level 2

How to make an individual aware of the effects of poor hygiene on others Personal hygiene is a topic often brought up during the pre-teen and teen years when a youngster's body is developing. However, there are times when adults need to be reminded about personal care as well. When subtle hints about showering or using deodorant have no effect, a conversation is the next step. This conversation can be uncomfortable for us and the resident but it doesn't need to be.With some preparation and a few helpful props, we can talk to someone about personal hygiene and help him implement improvements. Step 1 Begin the conversation with a compliment, such as making note that the individual's hair looked very clean the previous day. Continue the conversation by stating the poor hygiene that we have noticed. Will use words like, â€Å"I have noticed† instead of â€Å"You don't. † Simply identify the problem area for the individual, whether that is showering, oral hygiene or somethin g else.Step 2 Continue the conversation by discussing the personal care steps the individual seems to be skipping. If this appears to be a shower, will ask the individual when she/he showers regularly or if she/he had time to shower that day. Step 3 Evaluate the individual's response as to why the hygiene step has been skipped. If it wasn't skipped, then the next step would be to discuss how to do it correctly. Will provide a demonstration if possible or offer the correct hygiene products to fulfil the task.Step 4 State our concern over the individual's hygiene. Phrase the concern carefully and use caring words. Step 5 Will offer the individual the personal care item she/he may be lacking, such as deodorant or mouth wash. Step 6 Will end the conversation by affirming the person. This can be done by stating how much we care for him/her, assuring that this hygiene issue doesn't change our relationship or helping him/her devise a personal care plan. Step 7 Will ask if the individual ha s any questions.

Rhetoric analysis of select paper Essay Example | Topics and Well Written Essays - 750 words

Rhetoric analysis of select paper - Essay Example He may have read several articles on epigenetics but he still is not worthy to refute Darwin’s theory. The first two paragraphs in the article is an enthymeme because a part of the argument of the author is missing. He talks of a missing full-day discovered by scientists, which was proven by a chapter in the bible. He then concludes his paragraph by stating that Darwin was wrong in his â€Å"myth† of creation. In this syllogism, the major premise is missing making the argument incomplete. It just suddenly concludes that Darwin’s theory is a mistake. Even in the title alone, Burkeman is successful at getting the attention of his readers. He uses kairos right at the start of the article. He takes advantage of the opportune time to capture his audience. What better time to catch the attention of the readers than at the beginning of the document. The title was skillfully worded to stimulate the readers’ views on Darwin’s theory and hopefully to keep the m stirred up during the duration of the argument the author wishes to expound. The title is pathos-driven because it tells the readers that everything they know about evolution is all wrong. This will evoke strong emotions on the readers who will be confused and probably ask themselves what then is the truth. The title alone will encourage people to read the article to find out why they are wrong and what then the right theory of evolution is. Burkeman also uses a play of words in his article, specifically when he used the words â€Å"nature† and â€Å"nurture†. He uses these words to further explain the concept of epigenetics. He uses these two words to describe about the effect of the environment, that is â€Å"nurture† and heredity, which is â€Å"nature†, on an individual’s descendants. The author displayed logos in his article by citing several experiments conducted by various scientists who question Darwin’s theory of evolution. He cit ed experiments such as the Swedish chicken which is a breakthrough in the field of epigenetics. Another experiment which Burkeman cited which illustrated his use of logos in trying to convey the idea he wished to espouse was the Norrbotten study on life spans. The idea that the author is trying to send to his readers was presented through a review of some literatures which delved on the topic of evolution. He gives his opinions on the book of David Shenk, â€Å"The Genius in All of Us†, the books of Dawkins, Dennett, Randy Thornhill and Craig Palmer’s â€Å"The Natural History of Rape†, Fodor and Piattelli-Palmarini’s book, â€Å"What Darwin Got Wrong†, the work of Jean-Baptiste Lamarck and the research of Carl Woese and Nigel Goldenfield. He cites these studies in trying to prove wrong Darwin’s theory. Burkeman seems to contradict himself on his idea about Darwin’s theory of evolution. While his title implies that Darwin is wrong in his conclusions, in the end, he states that Darwin’s findings were the â€Å"beginning of journey to understand the origins and development of life† (Burkeman , par 30). Burkeman is quite illogical because he is contradicting himself. He refutes Darwin’s research largely in his article but in the end, he acknowledges Darwin’s work as being the stepping stone in further studies in evolution. In terms of style, Burkeman uses figurative language in his essay as exemplified in some statements such as, â€Å"I got up and refilled my cup†

Human Resources Strategies Essay Example | Topics and Well Written Essays - 1250 words

Human Resources Strategies - Essay Example Job applicants who take on-site interviews without seriously considering the prospective employer emerge to be ethically incorrect. Such candidates in most cases do not attend the interviews or written test as it is a requirement of any organization before employment (Kleiman, 2009). Ethical job applicants are prepared at all times and when unable to attend the interviews or written tests due to an important reason, they always inform their employer well in advance and ask him or her to make another arrangement if possible. Unethical job applicants who only take the on-site interviews knowing very well that they are not considering the organization a potential employer makes the organization to lose both financially and man hours in preparing interviews and written test. Job applicants who engage in unethical behaviors pose a great negative impact to the production of the organization. Such behaviors as laziness hastiness, being late for work and leaving early or not taking responsibilities of the new job seriously gives a strong negative impression to the employer. Candidates of this kind are less productive and do not perform to the standards expected by the employer. As such a conflict is likely to arise between the employer and the employee. This can often lead to organization failure in achieving its goals (Kleiman, 2009). There are job applicants who engage in unethical behavior such as bribery in order to get employed. Job recruiters when confronted by such situations may fail to make rational decision and avoid errors and this ending up in an unfair recruitment. This significantly lowers the reputation and tarnishes the name of the organization. Unethical job applicants may lead to hiring of employees and over staffing due to overoptimistic p rojections. When this projection are not met, unpleasant measures by the organization are employed in order to please the stakeholders and keep in pace with the competitors. These are measures in an attempt to cutback, restructure and downsize the organization are undertaken (Kleiman, 2009). Such an undertaking harms the future recruitment efforts of the organization, as potential employees will develop a perception of job insecurity in the particular organization. Furthermore, over staffing directly leads to underutilization of the talented recruits that leads to dissatisfaction. As such the corporate loyalty of the organization is impacted negatively. Each member of the human resource is therefore faced with the challenge of developing convincing ideas and priorities in trying to come up with the solutions to the problem. Furthermore, unethical job applicants leads to a decrease in morale among the workers in an organization. The middle class managers and those who are actually in volve in bringing the positive change to the organization become pessimistic about the possibility of sustained future change. This way, they start questioning their ability to make reasonable profit to the organization. Such a situation calls for the each member of the human resource to see into ways of totally transforming the organization. The corporate culture, knowledge base, skills level, style of leadership and team orientation would have to undergo change, for all the employees. The human each member of th

Strategic Management at British Airways Case Study

Strategic Management at British Airways - Case Study Example The present study on British Airways is to identify, evaluate and assess the planning, development and implementation process of its strategy management and to analyze the performance of the strategic decisions made as part of the strategic management on the organization because it is believed that British Airways has been able to achieve the present position since its establishment in 1919 only due to its strategic management decisions (Cole, G.A., 2003:191). This section deals with various literatures available on the present research in order to study the process of planning, development and implementation in British Airways and also to identify the role of various stakeholders in the decision making process. Thompson, Martin and Thompson (2009:p2) stated that strategy is about how organizations cope with the world which is dynamic and emergent with technologies, design and competitors getting revamped at regular intervals providing the impetus t reformulate the existing strategy and restructure the organizations in order to survive in the competitive market. It is further clarified that strategies are means to ends; whereas the process of strategic management involves clarifying the desired ends, mapping out a route for achieving them (development), putting those strategies into practice (implementation), changing what the organization is doing tactically in the face of competition and unexpected issues that arise and finally evaluating progress and performance. Mintzberg (cited in Idenburg, 1993) stated that there are at least ten schools of strategy development with two fundamental dimensions i.e. goal orientation (what) and process orientation (how). The process of strategy developme nt includes rational planning, planning as guided learning process, logical in incrementalism and emergent strategy. Idenburg (1993) stated that four alternative view of the process of strategy development must be reflected in business research and education. Thompson and Martin (2005, p8) mention that strategic management is a complex and fascinating subject with straightforward underlying principles but no right answers. It is further stated that companies succeed if their strategies are appropriate for the circumstances they face and are feasible in respect of their resources, skills and capabilities and the same companies fail if the fail to meet the expectations of its stakeholders or produce undesirables outcomes. According to Thompson and Martin (2005), strategies are means to end as opined various other researchers and management specialists and managers are strategy makers to some extent in the companies. This statement articulates that mangers are the key persons involved in the strategic management process of planning who then take decisions regarding the development and implementation in the organization. The aviation industry has undergone major transition phase wherein the main stakeholders were involved and have been granted a greater degree of autonomy. Airlines were the first to realize the importance of strategies and strategic decision making in a competitive environment (Delfmann, 2005; p3). British Airways (BA) is major international airline with multinational operations which came into existence with merger of two