REASONING AND ANALYSIS Research Paper Example | Topics and Well Written Essays - 750 words

REASONING AND ANALYSIS - Research Paper Example The income transfer does not necessary need to be worked for but is issued on free terms regardless of merit. Consumption can be depicted by what a person eats, what person dresses, the house he or she lives in and the luxuries in which that person can afford. The price of a good can be considered the cost of buying a set good; on the other hand, value can be described as the satisfaction one derives from consuming a particular commodity. Therefore, value is the most important aspect to a consumer. The main argument that constitutes the claim is that income affects inherent consumption. It is guaranteed that as income increases, consumption also increases. Thus, the two are directly proportional. However, it can be noted that income affects consumption but not the other way round. Consumption cannot affect income since it is consumption that is dependent on income. In another perspective, it is noted that income also affects a person’s relations. As income increases, the relationship of a person with other people tends to be directed to people of the same caliber. A person who is rich can be noted to have more friends who are related to his or her status. Also, it is noted that rich people are less superstitious and noted to be les s religious. Therefore, income affects relations of the individual (Miller, 1998). In life, as someone increases his wealth, his surroundings tend to change. An instance is the theory put forward by Keynes. The theory is justified by different research papers. The Keynesian theory, the consumption of a person is directly affected by the income. The income tends to trigger other tastes and preferences that were not significant to a person in a former status. Therefore, a person tends to develop a taste for luxurious commodities depending on the level of income. In addition, as the price of luxurious goods increases, the value of the good also increases. Income also affects the consumption of alcohol

The Current HR Practices of Hilton Worldwide Research Paper

The Current HR Practices of Hilton Worldwide - Research Paper Example This report examines the current HR practices of Hilton Worldwide and critically evaluates how the company has been influenced by its environments on the human resource policies of the company. Hilton Worldwide: Company Profile Hilton Hotel, now known as Hilton Worldwide, has been founded by Conard Hilton in 1919 in Texas has now emerged to be the fastest growing hotel chain to attract travellers, partners, team members and others for their preferred place for entertainment and leisure. According to Statista (2012), with Hilton’s major focuses on property expansion and other management strategies including strategic HRM, the company remains to be the fourth largest to hold the market share just behind intercontinental, Marriot and Accor hotels. It has now more than 3800 hotels and resorts in more than 90 countries with more than 630,000 rooms. It proposes to beat its competitors as it is now fastest growing in terms of revenues, room-occupancy and customer loyalties (Hiltonint ernational.com, 2012). Hilton’s success has been mainly driven by on-going property expansion by which it has continually been expanding its rooms, floor-space and as a result customer base too. Despite the economic recession in recent years, it was furthering its property expansion. In 2009 alone, it added more than 300 new hotels with more than 45,000 rooms across the world. In 2008, Hilton opened 327 new properties (eturbonews.com, 2010). Hilton’s current approach to HRM Organisations that invest heavily on innovative training and development is found to be very successful in achieving high performance and also in achieving the organizational goals (Noe, 2002, p. 7). Training and development programs, that may vary from firm to firm, are highly effective means for enhancing, motivating and developing people’s skills, knowledge and talent.