Discuss Organisational Structure of Emerson Electric Company within the Human Resources Management (H.R) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; Emerson Electric Company (NYSE: EMR) is a major multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company ...
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Organisational Structure of Emerson Electric Company
Organisational Structure of Emerson Electric Company - February 4th, 2011
Emerson Electric Company (NYSE: EMR) is a major multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company provides engineering services for a wide range of industrial, commercial, and consumer markets.
Emerson is one of the largest conglomerate companies in the USA. As of 2010, it has a workforce of approximately 127,700 employees worldwide, with a global presence spanning 150 countries.
Vice Chairman of the Board
Emerson Climate Technologies
President & COO
Planning & Development
The evolution of central banking from the last fifty years reflects “a wider acceptance of formal financial models and historical descriptions of central bank policies”. The practice of central banking involves a substantial amount of learning and adapting to changing political and economic climate. As monetary authorities, central banks are considered active participants of stabilizing economic fluctuations, guardian of price stability and influencers of economic outcomes (Siklos, 2002, pp. 1-2). Central banks are traditionally perceived as the agents of government’s financial tasks of conducting monetary policy operations. These are mandated and subjected to changing levels of autonomy (p. 32). Though central banks are highly-legislated, statutory relationship cannot define its daily central banking operations or dictate the influence over personalities who set monetary policies (p. 2).
“The dynamics of central banking conform to a monetary policy that purports a joint responsibility between the government and the central bank itself”. There is a connection between the political structure, autonomy permitted, decision-making and the performance of the central bank (p. 26). For the purpose of understanding the central bank behaviour, “the political structures to consider are as follows: plurality-majority (PM) or is commonly called the ‘winner-take-all’ system, the type wherein members of the legislature are elected by either the majority or the plurality of the voters and proportional representation (PR), the model of balance representation between the majority and minority parties”. Between these structures, the latter involves more political parties compared to the former making it a more consensus-centered
Last edited by netrashetty; February 4th, 2011 at 11:01 AM..
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