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Internal Communication Efficient, Intelligent Solution

; E oday multiple organizations (unfortunately not all) have started to take real awareness of the importance of human capital for growth, competitiveness and profitability. Companies now take a more humanistic style of management and care to motivate and provide opportunities for staff development are those that have lesser degrees of rotation.

Under this approach the Internal Communications Endomarketing or draw a line important and vital to facilitate and strengthen involvement, identification with the company, motivation , meaning belonging, and commitment of employees. Thus contribute to the whole team understands the business, the address to which point and how they can be part of achieving the objectives of the company.

However, the basis of Internal Communication "effective" is supported by commitment of the executives Endomarketing in programs aimed at the entire work force. Without this commitment, communication no action would be meaningless.

These programs take as a starting point the company's strategic objectives . While it is essential to align with the objectives of the organization is also important to get under the skin of employees, listen, understand their values \u200b\u200band purposes that identifies them in such a way as to properly coordinate a subculture with the parent company culture.

All internal communication policy has 3 functions:

1. Strategic : plan design
2. Operation: Specific tasks and responsibilities
3. Cultural : strengthening the internal culture of organizations.

The Human Capital professionals responsible for meeting the role of management consultants within organizations. Diagnosticians to detect the needs of employees and organizational climate. From this developed a strategy and communication plans designed to measure. At this stage, decide what is going to be and how, select the means and instruments and programmed the most appropriate actions to carry out the transmission of messages. It is essential to consider what is to be achieved, ie point out the targets. You should consider different target audiences and the right time for communication. Finally, establish systems for monitoring, control and measurement feedback.

Endomarketing programs should seek to measure participation and satisfaction of employees in a constant . also must have continuity in time. Campaigns or isolated efforts are not recommended in this area management. Finally, it is important to keep consistency between the messages sent to within the organization and out. Because if not, eventually you get to discredit employees.

While internal communication is an important resource for smart companies, not many can incorporate it into their strengths. It is simply to recognize that an optimal external customer service starts with a good internal customer service.

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A 200 for the bicentennial

Post by invitation

That a purchase Roca is becoming less obvious at this point. Among the problems caused by inflation there are large and small. Among the latter, one that causes discomfort is the fact of having to go 3 or 4 silver cash to find a Sunday or, directly, not to find from the second day of a long weekend (although some time seems to on those dates are loaded many more tickets "big" at ATMs).

Clearly if this "nuisance" still fails to occupy space in the media who knew how to fill (easy note consisting of a small camera on the tail of bondi retired) the lack of coins, is because most of those banking can burn say a few tens of violets in a pretty good weekend to replace cash. The coins in change are proportionately more respondents in lower social strata banked and has no substitutes (until they get e-cards or something similar).

addition to several complaints by the demand side, working with small bills on with the general price level also has operating costs for banks (including the Central Bank) that would be interesting to know / calculate. All things being equal, doubling the denomination of the bills that are loaded into an ATM could halve the number of refills.

obvious policy action when inflation becomes untenable this problem is to increase the denomination of the bills. The cost it takes to assume (and this government more than anyone else) is the implicit recognition of inflation.

So the question then would be clear whether or not the ticket for 100 pesos is being "too" boy or endured with purple until 2011. For comparison we can look at the history or what happens in other countries. In Argentina in particular with its history of high inflation, high denomination banknotes should have had (I did the calculations) a very high variance in terms of purchasing power. So let's look a bit better what happens in the world. In the table below you can see the highest denomination banknotes in several countries and its equivalent in U.S. dollars:

is clear that the source wiki and there may be some confusion as to the maximum term (the I find it strange if Canada for example), it is clear that the vast majority of larger bills from other countries in the region and the world account for more (dollar's modest Argentine peso). Obviously

take the dollar as a reference point is arbitrary and does not directly tell us anything about the purchasing power of local currency notes that last one is what matters. Thanks to Balassa-Samuelson know which should be remedied by the fact that poorer countries are non-tradable prices lower and therefore perhaps with a note equivalent to $ 20 in China and India is more than adequate or appropriate for the case.

If then returned the ticket log highest denomination in dollars (y) in the log of GDP per capita PPP of the country (x) we have:

So if we adjust for more or less where we would correspond to this relationship (although the graphic tells you that the thing is not as terrible as we are not the only ones who are far from the line-side down, but here a couple of years and by exchange rate bubble speak) would have two options: i) lower our GDP PPP per capita less than half the current (non-preferred option) or ii) to generate a ticket that represents the equivalent of $ 68 or so (preferred).

Clearly not the thing needs to be accurate, but a 200-billetón closer you very well to this value "balance" (51 dollars). Building on the already trite excuse the bicentennial and their respective "Tribute Ticket" Central should be heating the Rotaprint.

GILBERTO MANHATTAN RUIZ

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stabilization plans: deflate often hurt

As has been discussed on several blogs of BEA , inflation is an issue that raises concerns. Our country is not on the verge of hyperinflation but accumulated 5 years (depending Bs As City ) with variations in the general price level of 2 digits and everything seems to indicate that this year will also be included in the count.

The aspect that worries me most about inflation dynamics and the general effects on the real exchange rate policy framework exchange parity trying to sustain a relatively high public sector and a dwindling savings . In other words, the persistence of positive inflation differential with the rest of the world is only compatible with maintaining the nominal exchange rate stable if the other major currencies appreciated. Hope this ever occurring is unlikely (at least based on past evidence) and therefore needed constant nominal devaluations that can generate a price dynamics characterized by a constant acceleration, especially if the national treasury needs financed monetary issue. The latter has become important ingredient this year and no access to debt markets in the near future may further complicate the dynamics of inflation .

Well, anyway, I go to the title of the post. In the classes for International Finance at the faculty learned about stabilization plans based on the work of authors such as Calvo and Vegh who managed to synthesize the impact of these plans a theoretical model which classifies them as the main tool in which they are based: the exchange rate (eg : convertible) or the money supply.

Both plans generate recessions or reduce growth. The main difference is that one generates the recession at the beginning (money supply) and the other end (exchange rate). This result is confirmed in the model through the the same settings (what model will be free of this?), Is largely supported by empirical evidence collected.

Below are the main results and listed in this paper .

stabilization plans based on exchange rate: Slow

• convergence of the inflation rate of devaluation (ergo, exchange rate appreciation )
• initial increase in economic activity followed by a subsequent fall.
• Findings of the real exchange rate
• Deterioration of the trade balance and current account.
• ambiguous response by the domestic real interest rate.

based stabilization plans in the money supply: Slow

• convergence of inflation to the growth rate money supply (read demonetization).
• Findings of the real exchange rate.
• No clear results on the change in trade balance.
• initial contraction of economic activity.
• initial increase in the domestic real interest rate.

You see, the results mix is \u200b\u200bnot very nice but give us an idea that we should stick if we deflate. Mainly , we must be clear that the level of activity eventually falls and the real exchange rate appreciates. These results are not revealed truth and there may be other results possible (as the total absence of real effects attributed to the Calvo credibility) but it should be clear that when it comes to stabilization plans (generally the orthodox type) is a bit useless criticize because recessions or appreciation since the end it is the price to pay and no guarantee that the status quo may not carry the last two events without any plan whatsoever.