Significance of HRM in the travel and tourism sector

Significance of HRM in the travel and tourism sector The purpose of this report is to evaluate the significance of IHRM for the companies within the travel and tourism sector. The report will address this issue with reference to the case of the British Airways Lpc (BA) one of the largest international airlines. The report will begin by outlining the brief overview of BA, its market and current global position. Besides, the significance of culture change within the company will be identified. Furthermore, the hard and soft models of HRM will be critically analysed in the process. The report also will discuss the staffing issues such as recruitment, selection, and training and development for the planned global expansion. The ways in which these issues may need to change will be illustrated through the strategic evaluation. In addition, all figures will be justified and referenced to the appendix. Moreover, the report will outline the appropriate conclusions and recommendations. Company overview, its markets and current global position British Airways Plc (BA) was created in the 1974s after merger between BEA (British European Airways) and BOAC (British Overseas Corporation) (Air flights, 2010). BA is the United Kingdoms major international airline with two main hubs located in Gatwick and Heathrow airports, and the fifth worlds top airline. BA is a recognized brand within airline industry and the success could attribute to its constant global flight expansion and mergers with other global airlines. The merger between Iberia and BA (International Airlines Group) in 2010 is expected to create the third largest European carrier (see Appendix 1). In addition, the merger with AA (American Airlines) in 2008 will expand the company globally on transatlantic flights. These mergers will make stronger the global position of the new company with strong market capitalisation and will be able to complete with rivals such as Lufthansa and KLM-Air France (See Appendix 2) (Datamonitor, 2009; Euromonitor, 2010). BA is a global leader with a network of 550 destinations internationally via code-sharing relationships serves nearly 95 million passengers a year, using 441 airports in 86 countries and approximately 1,000 planes and a world air share of 2.9% (See Appendix 3) (Brave New Talent, 2008-2010; Wikipedia, 2010). BA operates mostly in the EU and US and employs 40,627 people (Datamonitor, 2009). In addition, BA is a part of Oneworld alliance, which serves some 819 destinations worldwide and enables to compete more successfully around the world with other global alliances (Wikipedia, 2010). Since privatisation in 1987, BA has had a sharp success in income and achieved financial independence, while other European airlines were dependent on state support and their US counterparts resorted to bankruptcy protection (Ledwidge, 2007 and BBC, no date). Despite the BAs HR hard times (appendix) and recent global economic recession in 2008/2009 with the global GDP decline from 5.1% in 2007 to 3.1% in 2008 , BA had a net profit of  £8 billion in 2009/2010 that is an increase of 2.7% over FY2008/2009, which improves its stable geographic increase (Datamonitor, 2010). Besides, BA is the worlds first airline to establish a carbon-offset scheme in 2005 to decrease greenhouse gas emissions and to introduce online boarding passes in 2004 (British Airways, no date and AccessMyLibrary, 2007). Despite BA calls itself as The Worlds Favourite Airline it strives to become the worlds most responsible airline (GreenAir, 2007-2010 and Street, 1994). Cultural change and HRM models Culture is very powerful; it influences people and it is vital for managers to understand the employees: what they believe, its customs and traditions, life style and values, beliefs and morals, to understand how people react, and their expectations in the company after the employment. Legge (2005) identifies culture as a set of shared meanings, or taken-for-granted assumptions. According to Alzira and Easerby-Smith (1993), BA was arrogant before its privatization in 1987. BA believed the customers did not know what they wanted. The managers did not involve the staff in decisions, as they wanted to have distance from staff. The priority was safety of aircrafts and technical skills. Even the competition and profitability were not the main idea. The BA organisational culture was bureaucratic, strict, and formal. Thus, the careers developed slowly. Besides, the cost-leadership strategy is applied that leads BA to cut costs through a hard HRM approach and use staff as any other business resource. The staff is being used as cheaply as possible. In contrast, Ledwin (2007) argues that since 1976 till nowadays it was a big cultural change for BA, where the product-centric approach has started to shape into customer-centric approach and the hard model started to adopt the elements of soft developmental humanism or Harvard model, where the core idea are human assets. The differentation strategy would reach the competitve advantage and try to avoid less prone to disruptions and PR blunders. Moreover, it would present a very effective framework for completely integrating HR with the business strategy (Ledwin, 2007). To improve the organisational performance and to achieve the employee commitment BA promoted the motivational culture change programmes in the 1980s.However, its argued if these programmes were successful or not as according to Hopfl (1992, cited in Legge, 2005), these programmes engaged the mind but left hearts untouched. Despite the HR difficulties during the last five years (See Appendix 4), the company has achieved a respect from its employees in a way that helps the company fence the strike actions. In June 2009, BA told its 42,377 staff to work without pay for a month or take unpaid leave to reduce costs. Almost 6,000 non-cabin crew staff helped during the days of industrial action helped the company to run anoperation (Euromonitor, 2010 and Anglotopia, 2010). Staffing approaches BA can apply one of the three staffing approaches (Dowling et al., 2008): Ethnocentric:- The main idea is to manage staff from the home country (PCNs). The company can apply this approach to all its foreign operations, where the staff holds central jobs, and subsidiaries and headquarters follow the home country resource management practice. Polycentric/Regiocentric:- The idea is to develop HR management practices locally. Geocentric/Global:- The purpose is to manage the employees on a worldwide basis, where the company employs staff from diverse countries. 4.1. Ethnocentric and polycentric approaches BA uses mainly the ethnocentric approach: it controls all its operations from London (the locations of the head office) as it understands local culture, the economy language and avoids relocation costs. Regarding to BA job applications, the key management positions are filled by parent company personnel, where the priorities are given to UK nationals. Besides, it hires host country nationals in foreign countries instead of transferring its domestic staff to work. Depend on the staff role, a polycentric or geocentric approach can be recommended. The polycentric approach would be ideal for BA to employ front line staff and cabin crew. The company should consider the cultural as the core competence and hire more people who speak other languages than English and think differently. Along with the cultural change BA needs to ensure the employees understand their role within the marketing progress and overall marketing orientation within the organization. The best staffing approach to hire key management people and pilots is geocentric approach, where the company strives to reach the global expansion by combining the best from headquarters and the subsidiaries. Also, the nationality is ignored in favor of ability. BA could promote promote diversity, inclusion, and equality of opportunity in employment regardless of sex, marital or civil partnership status, gender reassignment, race, colour, nationality, ethnic or national origins, sexual orientation, disability, religion or belief, political affiliation and age (British Airways, no date). Staffing issues The organisations stage of growth characterises with the integration of business strategy with HRM policies such as training development, appraisal and recruitment and selection. Recruitment is mailny linked to proactive attitude of employees, where training and development has to do with formal or informal education, enabling the staff to know inside out of the organisational mission and its products, thus leading to the quality service. 5.1Recruitment and selection Effectiveness in recruitment and selection is vital as it avoids poor work performance, unacceptable conduct, internal disagreement, low morale and job satisfaction and dysfunctional labour turnover. In addition, luck of management quality and teamwork, and employee motivation and communication can lead to loss of customers, loss of organisation, and loss of life. Recruitment seeks to attract best technical professional talent and then manage rapid internal labour market movements (Legge, 2005:142). BA also tends to attract the most talented people, then assess and appoint a suitable candidate (Appelbaum and Brenda, 2002; Pilbeam and Corbridge, 2006). For example, the pilots employment issues had been based just on flying and technical skills before 1987. Nowadays, BA considers the pilots can work well in a crew situation. Interpersonal skills are appearing as crucial achievement factors for pilot performance and safety. In addition, it cares about quality frontline people as well. G ood (1999, cited by Appelbaum and Brenda, 2002), stresses the point that the single most reliable predictor of overall excellence is the ability to attract and hold on to talented employees. The success is dependent upon the ongoing hard work, attitudes, and dedication of its staff. Thus, to expand globally and to achieve the companys long-term success BA should look not only at education related skills but also at staff attitude within the company, as skills can be trained but attitudes cannot be changed (Milmo, 2010 and Horn and Barkin, 1998). 5.2Appraisal, training, development The globalisation of markets leads to emergence of multinational companies, operating on a worldwide basis. Good training enables the employees to perform their current and future roles effectively as, both organisations and their employees benefit (Beardwell and Claydon, 2006). To achieve a high value added services the staff should be well educated, trained, and committed. To increase competence and go high-class with high quality the company should consider the staff as the most valued resource and do investment in the core workforce. The accent is to include employee loyalty and reliance, internal labour market structures with promotion ladders and skill training. The individualistic approach should be applied to reach the quality and competitive advantage (Legge, 2005). If the quality of service depends on the quality of the employee, the company should look on the society and organisations commitment to developing skills appropriate to a national economic policy and organisational corporate objectives (Legge, 2005). BA committed to customer care programmes and has had many motivational staff programmes for both existing and newly recruited staff since 1987, that at very least heightened employee awareness of quality issues. The programmes such as Putting the Customer First,Putting People First, Customer First teams, Managing People First, A Day in the Life, To be the Best and Winning for Customers . In addition, to promote the values of customer services BA launched the re-educative online-learning programs for cabin crew how to teach in-flight sales system. Besides, BA tried to develop a self-direct learning that motivates and develops its staff not only professionally but personally (Ledwidge, 2007). Conclusion The report began with a brief nature of British Airways, overview of its markets and current global position. It analysed the cultural change within the company and evaluated the HRM models. BA has had a big cultural change since 1987, where the company changed the product-centric approach to a customer-centric approach. The hard model need to adopt elements from the soft developmental humanism model, where the company would realize the importance of integrating HR policies with business objectives involving treating employees as valued assets, as the success depends on securing commitment from people, not controlling them. It should keep adopting the soft model to avoid losses of customers and the bankruptcy and to keep its brand. Over the past decade or so, British Airways has evolved from a loss making, state-owned national carrier into a customer focused, publicly listed and consistently profitable airline. However, cultural change and nowadays change require modification in top management values to make the change successful. To improve the organisational performance and keep the company expand globally BA need to keep these recent changes. Furthermore, the report addresses the issue of staffing approaches such as ethnocentric, polycentric, and geocentric approaches. Despite BA uses the ethnocentric approach, the recommendation are to develop polycentric approach for front line and cabin crew and apply a geocentric approach for pilots and key management staff. The final parts of the report examined the staffing issues such as recruitment and selection, appraisal, training and development. BA should look not only at education related skills but also at staff attitude within the company, as skills can be trained but attitudes cannot be changed. In addition, BA should motivate and develop its staff not only professionally but personally by creating the training centres where staff could learn the sense of humour, ability to work with others and friendliness. Moreover, the new industrial relations backgrounds should be developed as no-strike clauses, acceptance of flexible working, its support for direct employee involvement, staff status and employee development Recommendations According to the mentioned above issues, there is more research should be done regarding to staffing approaches and staffing issues to help expand company globally. The need of change should be analyzed and evaluated deeper. HRM Michigan and Harvard models issues should be more critically discussed. Word count: 2193 word

Essay on The Picture of Dorian Gray as a Moral Book -- Picture Dorian

The Picture of Dorian Gray as a Moral Book The Picture of Dorian Gray was a remarkably well-written book due to the reaction of its themes by society. In the preface of the novel, Wilde introduces the opinion that "...there is no moral or immoral book. Books are well written or badly written. That is all." Numerous views can be taken upon this fastidious comment. Many would agree that Wilde is justifiably correct because the preface was written with the intention that his readers understand the deeper meaning of the themes than worrying about whether it is considered morally acceptable; or perhaps, the view that it could be considered moral or immoral by the impact it has on the readers' lives. Even though there are several positions held on what The Picture of Dorian Gray's most important meaning is about, the most prominent is the novel as a moral book. Lord Henry Wotton immediately begins to corrupt Dorian's mind after they first meet by forcing his immoral thoughts of "yielding to temptation" which allows Lord Henr y to hold his attention. After listening for quite a while to Lord Henry's views, Dorian begins to change his own to match them, and therefore begins to live a life of immorality. The yellow book is a device that Lord Henry uses to further corrupt and drive Dorian deeper into the pits of sin. Through Lord Henry's influence, the changes in Dorian Gray, and the impact of the yellow book, Oscar Wilde efficiently reveals The Picture of Dorian Gray as a moral book. Lord Wotton sees Dorian as "wonderfully handsome...all of youth's passionate purity," and cannot resist the t... ...self from the influence of this book. Or perhaps...that he never sought to free himself from it." Dorian procures nine copies from Paris to have them bound in different colors to fit his mood, which implies that he was in all probability never without it. From the yellow book the moral learned is "all access as well as all renunciation" leads to punishment. In conclusion, it has been reiterated that Lord Henry's influence, the changes in Dorian, and the immorality of the yellow book further enforced The Picture of Dorian Gray as a moral book. Oscar Wilde allows for those who could understand the real meaning of the novel by comprehending the importance of these three things to discern that he fully intended on writing this novel as a moral book.

Nationalism And Sectionalism Essay

The Era of Good Feeling: The Effects and Consequences of Nationalism and Sectionalism In 1815, shortly before the start of James Monroe’s presidency and after the War of 1812, a historical period known as the â€Å"Era of Good Feeling† commenced in America. However, though the name of this age alone insinuated a time of unity and prosperity within the nation, sectionalism became an unequivocal dilemma that seeped through the government’s attempts in promoting nationalism, and ultimately divided the country. The Era of Good Feeling was a time where only one political party reigned, sense of unity prevailed, and national pride was evident within the citizens. This post ­war nationalism fueled the country to work towards a common goal, and even encouraged creation of traditions that would be passed down generations. The McCulloch v. Maryland case in 1819 exhibits government’s attempt in putting up a unified front to further promote nationalism. In this case, the Congress’ power is questioned when the ruling prevented states from outlawing or taxing the national bank, as Maryland tried to do. The document states, â€Å"The power of the general government, it has been said, are delegated by the states, who alone are truly sovereign† (Document 4). However, the outcome of the case only came to show that the federal government had more power compared to the state government, and thus portrayed a stronger, unified system. In Document 3, people are portrayed to be celebrating Independence Day on the fourth of July within the same year of the case. This depicts the effect that national pride had, bringing together multiple races, genders, social classes, and age groups to celebrate the country’s independence. Furthermore, this era also brought forth a fundamental period in Am erica known as the Industrial Revolution. This introduced market economy to the population and transitioned America to manufacturing processes that brought economic benefits to the north. Market economy not only changed the way people worked, but also the way they lived, as it divided labor, based work in factories, and opened new markets like the American Fur Company. Due to the prior Embargo Act, merchants also invested in national local manufacturing, and thus allowed for the rapid development of urban districts and increase in population. It brought wealth to the North’s market ­based economy but contradicted with the South’s focus on an agricultural economy that depended on slaves. One of the most significant developments within the country was introduced shortly after the War of 1812, by politician Henry Clay, as the American System. The plan promoted a system in which the South was seen to be the producer of raw goods, North for the manufacturing, while the West as the breadbasket of the country. It consisted of three parts: the development of canals, road systems and railroads, creation of a protective tariff, and the reinstating of the Bank of U.S.. The North prospered from the creation of the tariff as it helped develop the manufacturing economy. The West, on the other hand, benefitted from the creation of road and canal system, a plan supported by John C. Calhoun, in order to prevent disunion within the rapidly growing country, (Document 2). These developments in transportation allowed for easier distribution of goods, thus benefitting them as well. However, the protective tariff prevented the South’s economy from growing, thus leading to an evident economic gap between the North and the South, as the former’s economy started to boom due to the increase in manufacturing.

How Milling Is Metal Removal Process - 1249 Words

2.1 Introduction Milling is metal removal process distinguished from drilling and other machining operation. It is used in most high productive manufacturing industries, where quality is essential for parts. In milling operation, Metal removal takes place due to the cutting action of a revolving milling cutter, when work piece is fed on it. But for producing quality side surface of parts, end milling operation carried out. Drill bit can cut in axial order only, while a milling bit can generally cut in all directions, although some cannot cut axially. End mills are used in milling applications such as plunging, side milling and profile milling. 2.2 Optimization The main purpose of most engineering design procedure is to improve productivity with reduction in cost. The algorithm of an optimization is a one type of procedure which executed optimum solution by comparing various solutions till the satisfaction level. In conventional method, solutions were accepted by comparing few designated answers in many industrial process design activity. This is very simple approach and no guarantee for an optimum solution. To get the proper values of optimization, user must have to apply one or more design solutions to check relative search space between algorithm techniques. The role of controllable cutting parameters (Speed, feed, depth of cut, width of cut etc.) for economical machining process, optimization have been recognized. F. W. Taylor (1907) showed that an optimumShow MoreRelatedEngineering Design And Manufacture By Looking At Traditional Manufacturing Processes And Non Contact Processes1558 Words   |  7 Pages1.0 – Summary In this assignment I have demonstrated an understanding of engineering design and manufacture by looking at traditional manufacturing processes and non-contact processes. 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Assessing Juvenile Delinquency in Trinidad and Tobago...

Assessing Juvenile Delinquency in Trinidad and Tobago using Subcultural Theories Diane S Lewis University of the West Indies Abstract Devin Mills, a student I privately tutored, was gunned down while walking in Deigo Martin in January 2011, newspaper reports portrayed him as a typical lower-class male who got caught up in the wrong things and believed his murder was gang-related. I did not understand why everyone viewed him as such because to me, Devin was a sincere and compassionate young man who was trying to make the best out of his circumstances in life. This unfortunate event inspired my interest in juvenile delinquency and how it relates to gangs. As a result, this paper will assess juvenile delinquency using subcultural theories†¦show more content†¦Supporting evidence of this theory can be found in the first study of criminal gangs done by UWI sociologist C Victor in the 1960s. As part of an analysis of juvenile delinquency in Trinidad and Tobago, Victor studied three gangs from Port of Spain, and his conclusions about how gangs function seem to hold today (Baldeosingh, 2010). He reported that one gang member told him, â€Å"We gangsmen must obey we rules, if even we have to break everybody else own, is only so we could look out for weself . . .† (Baldeosingh, 2010). This statement, made by an actual gang member, clearly validates Cohen’s fourth benefit of being part of a subculture. Members of the subculture evaluated life in a different manner than that established by the wider society. Individuals who are already part of or would like to join the subculture must demonstrate disenchantment with the larger society. According to Victor, there is a singleness of purpose (within the subculture) — to foster the values of the group (Baldeosingh, 2010). Lower-class juveniles who are not able to achieve the middle-class goals may have felt estranged from such a society, and as a result, become part of a delinquent subculture where they feel a greater sense of

Canadian Foreign Policy of the 1930s Comparison of Articles

Introduction The Canadian foreign policy of the 1930s has been a subject of scholarly inquiry for quite some time .In this paper, we compare the readings of Norman Hillmer,Defence and Ideology: The Anglo-Canadian Military Alliance in the 1930s Eayrs, James A low Dishonest Decade : Aspects of Canadian External Policy, 1931-1939. James Eayrs in his work titled. In A Low Dishonest Decade: Aspects of Canadian External Policy, 1931-1939, noted that the policy of appeasement as part of a path to war was adopted by the then Prime Minister William Lyon Mackenzie King. These were however largely for self-interest reasons. On the contrary the view presented by Norman Hillmer in his Defence and Ideology: The Anglo-Canadian Military Alliance in the 1930s work that stated that a leaders hesitancy to be duly engaged in European affairs is mainly justified by the weakness in public support for various issues of international character as well as a heightened level of linguistic cleavage. 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Economic Perspective of The Hunger Games Essay Example For Students

Economic Perspective of The Hunger Games Essay The Hunger Games is a movie set in post-apocalyptic North America. It tells the tale of a governments excesses and oppression of the people from the point of view of a 16 year old participating in the hunger games. An oppressive government hundreds of miles away that controls everything in the economy runs the country of Panem. The government has a law commanding each of the twelve districts to choose one boy and one girl every year to participate in the hunger games, which is a televised event where the chosen twenty-four kids fight to the death until only one remains. The movie is full of social commentary that is of economic relevance. Panem is obviously a command economy and yet, successful markets depend on market-oriented economies. The state resides on the ruins of what was a technologically advanced society that came before the current state of affairs. The super-computers, hovercraft, and high tech trains suggest an earlier competitive economy. Market competition drives technological innovation and invention as firms try to gain a competitive edge. This innovation only takes place in a competitive environment and is not present in uncompetitive economies. However, the state of Panems technology is far more developed than the current technological state. It is clear that the current political environment in Panem could not have been responsible for the technological advancement as most of the technology is to keep control and provide entertainment. In this economy, the rich get richer while the poor suffer. In a market economy, the wealth would be spread out more evenly among the population. The capitol has also allocated various tasks to specific districts. This is inefficient management of human resources, as being born in a specific district does not automatically make you good at something. To achieve the economies of scale brought about by specialization, people have to choose to do what they are good at and would have greater productivity. The state of Panem has a very wide wage inequality gap between the poor and the rich. This is detrimental to the fortunes of the state and government. Panem has the natural resources necessary to achieve economic prosperity and yet the central government misuses the various resources present. The wealthy live in the capitol in affluence while other parts of the society prompting the main character to say that you can starve to death in safety in District 12. If the people of Panem were in a free market economy, they would have more disposable income and hence, more purchasing power. The prosperity and financial gains derived from this type of economy would eventually reach the capitol residents in some other way other than exploitation. Economic inequality slows growth and fosters and unstable economic system that is prone to collapse. The oppression of the countrys population usually ends up in violent upheavals as many governments have learnt over time. War is one of the biggest drains of a countrys economic resources and financial prosperity. The massive resources spent on maintaining a war can also revert into the local economy. In the case of Panem, the government spends most of the nations resources on maintaining control over the people. The capitol residents spend copious amounts of money on its security infrastructure. They have to maintain a constant supply of peacekeepers for all the districts, feed them, train, and replace them when necessary. In their obsession to maintain control, they lose potential productive citizens who could be doing other tasks. Spending many resources on security alone is inefficient, as other sectors of the economy would benefit from the resource infusion. To prevent the population from staging an uprising, they restrict their access to basic resources such as food and the materials needed to make weapons that keep them weak and docile. Although the war leads to technological innovation in the weapons industry, it also drains a nations capital and creates a more unstable society. .uf62a43dbcbe0816aae10eeceae07de5d , .uf62a43dbcbe0816aae10eeceae07de5d .postImageUrl , .uf62a43dbcbe0816aae10eeceae07de5d .centered-text-area { min-height: 80px; position: relative; } .uf62a43dbcbe0816aae10eeceae07de5d , .uf62a43dbcbe0816aae10eeceae07de5d:hover , .uf62a43dbcbe0816aae10eeceae07de5d:visited , .uf62a43dbcbe0816aae10eeceae07de5d:active { border:0!important; } .uf62a43dbcbe0816aae10eeceae07de5d .clearfix:after { content: ""; display: table; clear: both; } .uf62a43dbcbe0816aae10eeceae07de5d { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uf62a43dbcbe0816aae10eeceae07de5d:active , .uf62a43dbcbe0816aae10eeceae07de5d:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uf62a43dbcbe0816aae10eeceae07de5d .centered-text-area { width: 100%; position: relative ; } .uf62a43dbcbe0816aae10eeceae07de5d .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uf62a43dbcbe0816aae10eeceae07de5d .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uf62a43dbcbe0816aae10eeceae07de5d .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uf62a43dbcbe0816aae10eeceae07de5d:hover .ctaButton { background-color: #34495E!important; } .uf62a43dbcbe0816aae10eeceae07de5d .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uf62a43dbcbe0816aae10eeceae07de5d .uf62a43dbcbe0816aae10eeceae07de5d-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uf62a43dbcbe0816aae10eeceae07de5d:after { content: ""; display: block; clear: both; } READ: Movie Summary - A Christmas Carol EssayThe setting of the hunger games shows an economically inefficient nation. The central government misuses the resources of the nation to maintain their wealth and control the other citizens. There is also slave labor and inefficient use of human resource where many people are required to maintain security in all the districts and keep the people subdued. The restriction of basic resources to the population leads to dissention in the population resulting in an unstable political environment. Their absolute control over the factors of production means that there is no competition in the market. This leads to inefficiencies as firms in operation are not motivated to innovate and develop their products. The wide wealth gap present between the rich residents of Capitol and the residents of the other district also has negative consequences. Although, the rich may hoard the wealth, they actually harm the economy by decreasing the purchasing power of the citizens. Free markets are more efficient and profitable than command economies and through their oppressive policies, the government of Panem may end up in total economic meltdown.