Premium Essay

Polish Case

In: Business and Management

Submitted By Dino224
Words 413
Pages 2
1. How was Poland able to avoid the worst effects of the economic crisis that gripped most of Europe during 2008-2009?

After becoming a Democratic country, Poland has privatized many state-owned businesses, deregulated its economy, and received foreign direct investment. Entering the EU eased Poland to improve its exportations to the markets of Western Europe and transform into a major exporter. A combination of tight monetary policy and restrained government spending put Poland in a strong position to weather the financial crisis that swept around the globe in 2008–2009.

2. What lessons can be derived from the Polish experience during 2008-2009?

A tight monetary policy may help avoid the worst part of an economic crisis and having good commercial partners is also a great way to weather it.

3. From the perspective of international business, what is attractive about the Polish economy? What are the weaknesses and risks associated with doing business there?

Poland can be attractive to invest because it is a fast growing economy and its there is a 11 per cent unemployment so the labour force available to work is huge. However, tax laws are quite complex, tax rates very high and too much bureaucratic hurdles that makes difficult doing business there. It is also true that the government is in process of simplifying tax laws, reducing tax rates and removing bureaucratic hurdles to attract investors and rocket its economy. For example we can mention the Entrepreneurship Law that reduced dramatically the number of the controls that a company has to comply with.

4. Even though Poland has been committed to liberalizing its economy since the collapse of communism in 1989, significant vestiges of the old system still remain. Why do you think it has taken Poland so long to transform its economic, political and legal systems?

I think that changing…...

Similar Documents

Premium Essay

My Polish and Slovak Traditions

...American holiday around polish and Slovakian traditions and heritage. My great grandparents on my mother’s side came to America from Poland in the early 1900’s. They had seven children after settling in Latrobe, Pennsylvania. They taught each of my great aunts, uncles and grandmother polish culture. My great grandparents emigrated from Slovakia around the same time and had six children and also settled in Latrobe, Pennsylvania. Although most have died or moved on to other states, my grandmothers and grandfathers still believe in these traditions no matter what the occasion. Growing up I never thought it was unusual to have haluski at birthday parties and halupki’s at Christmas on my mother’s side. When my older cousins would bring over their boyfriends and girlfriends that’s when I first noticed something was different with my family. Now with the food came traditions that my grandmother and mother still do. During Christmas the house needs to be spotless the day of Christmas, this ensures that the house is “cleansed” in a sense for the whole year. We also get together on Christmas Eve to be together at midnight and have Vigil, which is the polish Christmas meal. When eating Vigil we put a full plate of food in an empty seat to remember those family members who aren’t with us. At Easter there aren’t many traditions but we always eat kielbasa, pierogies and makowiec along with other American food. Kielbasa as many people in western Pennsylvania know is just polish sausage.......

Words: 650 - Pages: 3

Premium Essay

U.S and Polish Culture

...1. Discuss the cultural differences, risks, and difficulties of working in Poland compared to the U.S. Culture is the most influential factors in the human life which have deep impacts on the personal behavior. Here in this case same things happen where two different culture believer clash with each other in the working place. The cultural system in America is more focused on individualism. Due to those factors American people work hard to climb up in the upper position in the work place therefore they thrive in any types of work environment and anywhere in the world. Writer, LisaHoecklin (P1, 2012) explains about the American culture and its success. “People in individualistic cultures emphasize their success/achievements in job or private wealth and aiming up to reach more and/or a better job position. Especially in the USA the fight about jobs and trying to climb up in the hierarchy ladder is something very common there. It just counts to get there less caring who will leave behind one. In business they try to improve their connections and to gain more value out of them, not for establishing a good relationship but just to be involved in a calculative way.” The Polish culture focuses more on community or organization rather than individuals where in another term we can define as relationship driven culture. Therefore, in these circumstances American employees more enjoy the competition within the organization between the workers where as their counterpart emphasizes......

Words: 1484 - Pages: 6

Free Essay

Case Study

...Poland: A Case Study for Efficient Markets? Poland’s GDP grew by 1.7% in 2009. It was the only European country with positive economic growth that year. “What did Poland do right?” is what many pundits were asking throughout 2011, late 2010, and has recently been brought up yet again. Poland has even been called the “case study for free markets.” In this political election year, where many are calling for the repeal of Dodd-Frank, dismantling of the Treasury’s Office of Financial Research, and the Consumer Protection Financial Bureau, it would be good to discuss Poland and whether it truly is the “case study” for free market economics. Commentators have argued that Poland’s Finance Minister and Prime Minister “have an unyielding belief in the free markets.” Equating Poland’s policies to Austrian economics advocated by F. A. Hayek and his mentor Von Mises. Using Von Mises for economic policy is a bit misplaced as even Friedman, loyalist supporter of F. A. Hayek, has harsh criticism for Von Mises’ intolerance for opposing economic views. Von Mises is more of an early to mid-1900s example of today’s hard-right conservative policies, than strong analytic economic policies. In fact, Von Mises presented an ideological type of economist, opting to support fascism to quash support for communism. He also, simultaneously opposed progressive tax to the point that he vehemently disagreed with economists so much that he used today’s strong economic analysis of calling them “all......

Words: 1088 - Pages: 5

Premium Essay

Persuasive Essay- Opi Nail Polish

...Persuasive Essay Are you tired of getting crappy nail polish that chips easily, loses its color, or makes your nails look yellow? Well you should try OPI nail polish! OPI is an excellent nail polish because it contains no DBP, toluene, or formaldehyde. It also has beautiful colors, and makes you feel like a Disney character. Who wouldn’t want to feel like a character off of Disney? One of the best things about OPI nail polish is that it does not contain DBP, Toluene, or formaldehyde. DBP is found in adhesive and is very harmful to the environment. Why would you want to buy something that is harmful to the world? Toluene is used as antiknock in gas, it is also flammable. If I were you, I would not want my children to have something around that is flammable. Formaldehyde is used to preserve dead bodies. You should definitely purchase OPI over any other brand, unless you want these dangerous toxins in hand. No one wants to wear boring colors; you want to wear bright colors so you will be noticed. This is why you should purchase OPI, they have a wonderful variety of colors. They have 160 active shades. Colors get retired every year, so new ones can be unveiled. Everyone wants pretty nails, so you should too. OPI nail polish makes you feel like a Disney character. It was inspired by a world of imagination. When you wear this nail polish, you will feel very dreamy and everything will be magnificent. OPI has special colors named after “Alice in Wonderland,” such as:......

Words: 339 - Pages: 2

Premium Essay

Bridgeton Case

...existing cost system b. an activity-based cost model using the information in the case 2. What causes any shifts in reported product costs and profitability? 3. Based on your analysis in Question 1b, recommend three distinct actions that Wilkerson’s managers could implement to improve profitability? 4. What concerns, if any, do any have with the cost estimates you prepared in the answer to Question 1b? PREPARE: Case study Komandor. Prepare the following questions for class discussion: 1. Consider each of the following alternatives: a. Capitalize the consulting fees; in other words, following the practice preferred by the Polish authorities. b. Allocate the consulting fees to the plastic products bought by Komandor. c. Allocate the consulting fees to the metal products bought by Komandor. d. Hire a tax official as a “consultant” to ensure that Komandor receives a clean tax audit. e. Don’t invoice Poland for the consulting fee; just deduct the expense in Canada. For each option, estimate the expected cash flow consequences relative to the desired (prohibited) alternative of deducting the full $200,000 cost in Poland. Also, identify the advantages and disadvantages of each approach. 2. In light of your answers in Question 1, which alternative should Komandor adopt, and why? Case: Barrows Consumer Products (Written assignment) PREPARE: Case study Barrow Consumer Products. Prepare AND SUBMIT the following questions: 1.......

Words: 486 - Pages: 2

Free Essay

Polish Americans in Chicago

...Chicago’s Polania Polish American Immigrants In Chicago I will be writing my final paper on Polish American Immigrants who settle in Chicago Illinois. I will be referring to Polish American Immigrants in this essay as (Poles) periodically. The majority of Polish immigrants emigrating to the United States of America was in the 1800’s. This period was considered the first out of three waves of Polish immigrants to settle in America. The first major wave was between 1800 and 1860, many of the emigrating Poles were fleeing for America because of political revolution in their homeland. Many Poles liked the idea of a self governing political system that The United States of America had to offer. The Polish people had to endure many hardships in their homeland of Poland. From civil wars, political uprisings, and occupations from enemy countries (Germany, Russia, Prussia) invading their homeland. Along with these invasions and occupations came persecution of the Polish people. “This group fled their country mainly because of political insurrections. The U.S. Immigration and Naturalization Service have estimated that fewer than 2,000 Poles immigrated during this wave.” (Into America) They sought refuge and a new life in America. During this wave it is estimated that 0nly 2,000 Poles had immigrated to America. The next two waves of Polish American immigrants to arrive in the United States were after World War II (WWII). The Polish people lost 12% of its population during WWII...

Words: 3508 - Pages: 15

Free Essay

Shoe Polish Out of Banana Peel Extract

...Shoe Polish out of Banana Peel extract An Investigative Project Presented to: Mr. Paul Keenan C. Butt At Philippine Women’s University Jose Abad Santos Edsa QC In Partial fulfilment of the research in Chemistry By: Gabrielle Balanon III-Newton March 2014 Abstract The product of my research is a shoe polish made out of Banana peel extract. Tannin, an astringent that is an important ingredient in the process of tanning leather, can be found in Banana peels. This makes it an efficient ingredient for making shoe polish. I also decided to use Banana peels because there is a significant amount of banana peel waste being generated all around the world, so instead of just throwing them away and letting them rot, it’s better to put them to good use. The materials and ingredients needed for my research are very easy to get a hold of and doesn’t cost much as well. The process of making the product won’t take long either. It is a very affordable and effective product. It goes to show that Banana peels are more than just a part of the classic physical comedy slapstick visual gag, the "slipping on a banana peel" because it can actually make your shoes shine. Acknowledgement In the making of this research, I have a number of people who I would like to acknowledge for their unending patience and their big help. Firstly, I would like to acknowledge my parents. For all the patience they have given me. They have put in the effort......

Words: 2095 - Pages: 9

Premium Essay

Whose Turn Is It to Polish Apple

...CASE 3: Whose Turn Is It To Polish The Apple? GROUP 2 - CASE 3 Whose Turn Is It To Polish The Apple? Page 2 of 5 I. Synthesis Locked in an inward looking, closed culture that was proven effective for quite some time, Apple operated in a double agent corporate environment that eventually turned catastrophic to the organization. The founders, Steven Jobs and Stephen Wozniak, relied on their guiding principles: “Do your own thing, defy the pessimists and ignore the Establishment.” Such custom gave birth to what would be Apple’s “insanely great” Mac, largely patronized and loved by users. When the shortcomings of the existing renegade corporate culture started to surface, Apple’s doomsday was inevitable causing changes in the leadership for a few times. At the time of the case, one of America’s celebrated CEOs, Gilbert Amelio, was invited to take the helm of the organization and was tasked to steer the company away from the imminent crisis it was then facing. Tasked with such great responsibilities of turning the sour crisis into sweet profitability, Amelio had to stand for what he believes would be beneficial to Apple even if he had to breakdown an existing grand old corporate system. Will his successful “chartreuse strategy” for the National Semiconductor Corporation be a duplicable victory story in the case of Apple? II. Point of View Gilbert Amelio, Apple’s New Chief III. Statement of the Problem How would Amelio change the pitch of Apple’s existing corporate......

Words: 1636 - Pages: 7

Premium Essay

The Polish Surprise Poland is a young country it the global economic market (Hill, 2014). It is still growing and has little time to build up debt, this is the main reason Poland was able to avoid the worst effects of the economic crisis unlike the other countries in Europe and around the world. 2. What lessons can be derived for the Polish experience during 2008-2009? The lessons that can be derived for the Polish experience during 2008-2009 are export more and spend less. Poland was and still is a major exporter. Exporting helped Poland grow during the crisis when everyone else was feeling the effects. Poland was able to keep its public debt in check. The polish government was even criticized for the tight spending policies but it worked for them because they were able to gain investors for the same countries that criticized them earlier that decade (Hill, 2014). Exporting brought money in and the tight spending policies kept the money and the confidence in Poland. 3. From the perspective of international business, what is attractive about the polish economy? What are the weaknesses and risk associated with doing business there? The thing that is attractive about the polish economy is that they are able to keep the debt down and still grow. Most countries go into more debt as they grow but Poland is different. They have policies in place that reduce spending. With Poland being so young in a democratic government they are still learning and are not fully democratic. They are able to......

Words: 565 - Pages: 3

Premium Essay

Polish Surprise Case Study

...Case 9 Question 1 How did Sedo’s market value develop from 2000 to 2006? With more than 1.4 million member account from around the world, and trading domains in more than 20 languages, Sedo stands alone as the world’s only global domain marketplace. Sedo’s marketplace connect buyers and seller making it simple for individual and companies to acquire the domain names they need for their success and online presence. Sedo’s domain market places is the most active in the industry and offer the world’s largest selection of premium domains with more than 15 million available for sale. Sedo offer the entire tool needed to buy, sell, and monetize domains including domain appraisals, brokerage services, promotion and Sedo’s popular domain parking program. Members use Sedo’s parking program to earn revenue on more than 3.2 million domains while promoting those domains for sales. In early 2000, the young entrepreneurs decide to invest more of their time and money into the business. They booked banners advertisements on website and cultivated relationship with the press. This occurred at the height of “internet hype”, leading to an overwhelming response from the media and the Internet community. The contacts they gained during this time were invaluable: potential business partners, investor and future competitors. One of the Sedo’s competitors is Ulrich Essmann. He already acquire sizeable customer base that Sedo lack, after see the potential, he decide to join the Sedo venture.......

Words: 1042 - Pages: 5

Premium Essay

Polish Funerals

...Polish Funerals Christianity in Poland has changed a lot in the last 100 years, in this paper I address the history in polish funerary traditions and what my family and family friends experienced when they had the unfortunately to experience a death. Back in the day, superstitions and spiritual customs were very important when dealing with the death of a loved one. The soul and spirit of the deceased were still are key elements in society’s culture. According to Martha Stortz in the article Grief and the Christian Funeral, says during a sermon “grieving works in both personal and social settings”. It is not just the family of the deceased that grieves but also the community comes together to help with the funeral. In the article Burial Rituals and Cultural Changes in the Polish Community by Igor Piekiewicz, states that death and bereavement rituals are separate though primarily focus on the deceased and the bereaved. Rituals are performed to purify the spirit and aid its transition process from the realm of the living toward the realm of the dead. Before the funeral, there is a censing of the body with blessed herbs and sprinkle it with holy water. This aims to pacify and protect the community from devilish spirits. Considering common beliefs about life, the nature of the world, and spirituality among the given religious culture. Igor Piekiewicz indicates that being strong in a community is important for the bereaved for consolation. Another tradition performed in the......

Words: 1486 - Pages: 6

Free Essay

Coronal Polish

...Mea Norton Claudia Perkins DA 83 21 April 2014 Final Paper Coronal polish is used to clean the surfaces of teeth of tartar and stain. Throughout all my internships coronal polishing has been present. Although all my internships were all drastically different, it allowed for a variety of patients. My first internship was a periodontal office, and showed the severe effects of gingivitis and periodontitis. My second internship was an orthodontics office and showed the improvements in teeth shifting into place as well as the need for brushing and flossing techniques to avoid decalcification spots. The last place I interned at was Camp Pendleton and with all the active duty patients their was a variety of different cases to coronal polish. In the first internship office, Periodontics, coronal polishing was utilized in their appointment, disease control and deplaque which they abbreviate as “DC”. During the “DC” appointments, the patient is checked to see how the are maintaining with their periodontal disease and oral hygiene. Being a speciality office, every patient had some form of periodontal disease, therefore their oral hygiene was very important to maintain. In these appointments I would start by asking the patient the frequency they brushed and flossed as well as what oral aids they were using. Following that I would coronal polish their mouth and then the Doctor would come in and check on their progress. In the second......

Words: 497 - Pages: 2

Premium Essay

Use Cases

...Use cases are a type of textual requirements specification that capture how a user will interact with a solution to achieve a specific goal. They describe the step by step process a user goes through to complete that goal using a software system (Brandenburg, 2015). The analysis of the use case proves to be a valued analytical technique to ensure the delivery of goods and services. As a software developer for a retail bank, I have been tasked with developing use cases to support the ATM services. Of the created use cases, I will describe and illustrate a use case with a typical and alternate course that documents the event of a bank customer withdrawing money from an ATM; describe and illustrate a use case dependency for making an account deposit; describe and illustrate a use case dependency for making an account transfer; identify and explain at least one (1) ethical issue that the use case exposes in connection with the development or use of the ATM system. We can begin with describing the typical and alternative courses of events that are prevalent when bank customers make a money withdrawal from the ATM. Description of a Cash Withdrawal The description of typical and alternative courses as it pertains to bank customers withdrawing money from the ATM begins with the customer pulling out their debit card to enter the card into the ATM card reader. The card will not be inserted and ejected at the end of the transaction, but it will be pushed into the reader and......

Words: 1237 - Pages: 5

Premium Essay

Case Study

...xcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmrtyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnm JetBlue Airways Corporation Management Policy & Strategy: Case Study 4/21/2012 Arnold Hicks | Introduction JetBlue Airways Corporation is an airline company that was founded by David Neeleman. David Neeleman announced his plans for his new airlines in February of 1999. The company’s goal has been to establish itself as a leading low-fare, low-cost passenger airline focused on serving “underserved markets” and large metropolitan areas that have high average fares with a diversified geographic flight schedules that includes both short- and long-haul routes. Mission Statement JetBlue Airways is dedicated to bringing humanity back to air travel. We strive to make every part of your experience as simple and as pleasant as possible. Unfortunately, there are times when things do not go as......

Words: 785 - Pages: 4

Free Essay

Polish Romantisicm

...Analizując wypowiedzi bohaterów romantycznych porównaj postawę Kordiana i Męża…………… Juliusz Słowacki w dramacie „Kordian” i Zygmunt Krasiński w „Nie-boskiej komedii” przedstawili nam świat bohaterów epoki romantyzmu, który jest pełen rozważań nad światem i sensem życia a także rozmyślań o człowieku, jego zdolnościach i indywidualnym podejściu do świata. Główni bohaterowie – Kordian i Mąż – są poetami, patrzącymi na świat oczami własnej duszy, dla których ważne było poddanie się uczuciom. Na podstawie wskazanych fragmentów postaw Kordiana i Męża postaram się porównać te dwie postacie. Kordian jest młodzieńczym bohaterem dramatu Juliusza Słowackiego. W ukazanym fragmencie obserwujemy go w jednym z przełomowych momentów jego krótkiego życia. Bohater przeżywa rozterki, dręczą go pytania dotyczące otaczającego go świata, który przypomina mu smutną, szarą jesień, gdy wszystko ginie, umiera: „Ta cicha jesień, co drzew trzęsie szczytem, /Co na drzewach liście truje”. Kordian jest rozdarty wewnętrznie, wydaje mu się, że jest rozwiany przez wiatr, a jego świat nie ma żadnych kolorów. Jest pełen uczuć i żądz, jednak ciągle się waha nie mogąc podjąć żadnych decyzji. Emocje którymi się kieruje są bardzo ulotne. Chce poczuć coś wyjątkowego, coś co nada mu sens życia. Pragnie otrzymać od Boga siłę i motywację do działania dlatego prosi Boga, żeby wyzwolił go od ogarniającego go niepokoju i dał mu cel życia. Kordian chciałby realizować swoje postanowienia, a nawet oddać za nie......

Words: 718 - Pages: 3

Candy Boy | 1x92 Dragon Ball Super | Nu Kopen