Concept Of Management - Free Essay Example

Sample details Pages: 2 Words: 615 Downloads: 9 Date added: 2018/12/28 Category Management Essay Type Assignment Level High school Tags: Organization Essay Did you like this example? Introduction For the activities of an organization to run smoothly, there is a need to lay down proper management structures and management. Management is described as the process of planning, organizing, directing and controlling the organizations resources to a specific predetermined goal(Study.com, 2014). A concise account of this management function will explain the management concepts. Planning Planning is the formulation of strategies, plans, programmes, procedures, policies, standards and objectives determination that is required to attain the goals of the organization. Henri Fayol described it as the plan of action to follow, the phases to go through and the process to utilize. It is important to note that the future of an organization is created by the consequences of actions and the laid down plan(Tezel, Koskela and Tzortzopoulos, 2009). The manager should ensure that the idea is bright and that everyone on board knows what they need to accomplish. There exist various types of plans that can be proposed in an organization. It includes but not limited to strategic plans, tactical plans, operational plans, long-term plans and short-term plans(Study.com, 2014). Don’t waste time! Our writers will create an original "Concept Of Management" essay for you Create order Organizing Organizing is the second concept of management. It is described as the process of developing relevant functioning structures and physical facilities that are required to execute the plans with the aim of achieving the stated goals. Materials and human resources are assigned to various units and relationships defined among the multiple subunits. Hence organization is to classify and identify the functions to be performed to attain the targets of an institution. On the other hand, it can also be described as the ability to establish working relationships with the workers. Organizing tasks may be based on work specialization(Conkright, 2015). Directing Directing is the third concept of management. It involves motivating and stimulating persons in an organization to willingly undertake the actions that are desired as per the plans and objectives. Directing predominantly deals personal aspects of management hence; motivation is an integral part of addressing to ensure that the desired results are attained. Many times, problems in the organization arise from the desires of people, attitudes, and undesirable behaviors from individuals and groups hence the manager needs to be productive leaders to tame this problem. It is because people are inclined to follow persons who present as the way of satisfying their wishes, desires, and needs. Hence directing involves leadership styles, motivation, communication and approaches that appeal to the masses. Controlling Controlling is best described as the establishment of measurements, standards, and comparisons of the results received against the agreed criteria and necessary measures put in place to correct deviations from the plan that was laid down. Hence controlling makes the final concept of management with the sole purpose of ensuring that the directed actions are as per the objectives and plans. It means that monitoring is a process of regulation and evaluation of ongoing activities to ensure that the ultimate goal is achieved (Conkright, 2015). Conclusion In conclusion, it is agreeable that management is a type of activity that is distinct that is geared towards getting things to be done through other persons and that it differs from a different kind of events. Also, the managerial functions are universal, and all persons involved in management in any field of the human efforts typically perform typical administrative roles irrespective of the institution that they are managing. Bibliography Conkright, T. A. (2015) Using the Four Functions of Management for Sustainable Employee Engagement, Performance Improvement, 54(8), pp. 15â€Å"21. doi: 10.1002/pfi.21506. Study.com (2014) Four Functions of Management: Planning, Organizing, Leading Controlling Video Lesson Transcript | Study.com, study.com. Available at: https://study.com/academy/lesson/four-functions-of-management-planning-organizing-leading-controlling.html. Tezel, B., Koskela, L. and Tzortzopoulos, P. (2009) Four Functions of Management, Management.

The Business Operations Of Marriott International Became...

Before Marriott International became the largest hotel company in the world, it began as root beer stand in Washington D.C. in 1927. Young newlyweds, J. Willard and Alice Marriott, found instant success by offering good food at good prices. Soon, they added hot food items to their menu and restaurant, Hot Shoppes, was born (Marriott, p. 2). From there, they ventured into airline catering, and in 1957, made history by opening the first hotel in Arlington, Virginia (Marriott, pp. 2-3). By 1982, Marriott became a global phenomenon and revolutionized the hospitality industry through its creativity and constant innovation. Today, the company is known for its work environment and excellent business operations, which are based on five core values: â€Å"put people first, pursue excellence, embrace change, act with integrity, and serve our world† (Marriott, p. 5). As of 2015, the company had 20 brands running 4,175 hotels in 80 countries and occupies 15% of the hospitality market sha re (Matthews, 2016 , p. 1). CUSTOMER SATISFACTION CUSTOMER LOYALTY Marriott International understands that high customer satisfaction is directly linked to success. With so many options available to consumers, brand loyalty and repeat purchases are crucial to survive. In 2011, Marriott introduced the Marriott Rewards program (Marriott, p. 8). The loyalty program lets travelers earn points by booking a hotel room, shopping with partners, booking meeting rooms, referring friends, and more. Any amountShow MoreRelatedHilton And Hilton Hotel History Essay4343 Words   |  18 Pages Marriott VS Hilton Hilton Hotel History: In 1919, a thirty-one-year-old banker by the name of Conrad Hilton traveled to Cisco, Texas to franchise his bank. When he arrived, he went to the Mobley Hotel only to find it was completely sold out. The owner felt awful and began to explain how he wanted to just retire, and that is where it all began. Conrad Hilton purchased the hotel and changed the name to ?The Hilton?. Hilton was growing his revenue through the roof and eight years later, HiltonRead MoreMarriott International Case Study1864 Words   |  8 PagesHospitality Industry ---- A Case Study of Marriott Internationals Acquisition of Starwood Hotels Resorts Worldwide Introduction On 23 September 2016, Marriott officially announced the completion of acquiring Starwood at the price $13.6 billlion. Lately, it is not surprising to see the report like this has swept over the business sector in the newspaper. Merger and acquisition (MA) have been regarded as a critical part of the framework of doing business in a market economy. And this is supportedRead MoreCustomer Service At The Marriott Hotel And Resort Brands2437 Words   |  10 PagesAbstract The following essay explores the quality of customer service at the Marriott Hotel and Resort brands. This essay will introduce the definition of quality customer service, followed by the key players involved. Furthermore, the Marriott’s strategies for enhancing quality customer service and the results and competitive advantage will be discussed. Going forward, this essay will make use of the present term â€Å"Customer Care† in replacement of the outdated term â€Å"Customer Service†. Also, to clearRead MoreSwot Pest Analyse of Marriot International2303 Words   |  10 PagesMarriott International Introduction This research focused on SWOT analysis, Porters 5 forces model and PEST analysis of Marriott . Marriot International is a leading company with more than 3,700 lodging properties in 73 countries and territories. [Marriott International] Marriott International manages many hotels brands. Marriott Hotels amp; Resorts are located more than five hundred hotels, two-thirds of them - in the U.S. This is a hotel with a full range of services: they are equipped fitnessRead MoreBethesda, Maryland Is The Headquarters Of Marriott International3805 Words   |  16 PagesMaryland is the headquarters of Marriott International Incorporate. This unique organization transpired from a root beer stand in 1927 into a world-renowned hospitality hotel chain in 1957. Information provided will focus on the evolution of the root beer stand into the Marriott International Incorporate vast hospitality empire. Today, the Marriott hospitality industry has 5,756 hotels with 30 brands in 118 countries with 1.1 million rooms. Additionally, the Marriott generated $14 billion in revenueRead MoreMarriot vs Fairmont7689 Words   |  31 PagesContents Introduction and Background 2 Industry 2 Fairmont 2 Marriott 2 Why These Two Companies? 3 Environmental Analysis 4 General Factors 4 Specific Factors 4 Customers 5 Environmental Uncertainty 5 Shareholders/Stakeholders and their Interests 5 Hotel Industry Changes in 3 to 5 years 5 Organizational Culture 6 How Is Company Culture Established? 6 How is Culture Developed? 6 How is Culture Maintained? 7 Social Responsibility and Ethics 8 Reputation 8 Ecological FootprintRead MoreManagement and Outrigger Hotels Essay1249 Words   |  5 Pagesï » ¿Information systems for managers Case study: Outrigger Hotels and Resort The solution is here†¦ Magic Data The solution is here†¦ Question 1-The current IS resources of Outriggers:    1. Technical Resources:    * Hardware(Personal computers; Routing equipment).    * Software (Stellex, in 1987; Stellex 2.0, in 1992; centralized IT systems; E.Piphany; JD Edwards). – Appendix 1    * Networking comportments of IT infrastructure (XML interface; Electronic interface; IBM AS 400 Platform; WindowsRead MoreA Brief Note On Hotel And Lodging Sector Essay2056 Words   |  9 PagesHotel and lodging sector is one of the oldest parts that make up the hospitality industry. The origins of the industry can be traced to the earliest of times known to mankind. â€Å"The history of hotels is intimately connected to that of civilizations; facilities offering guests hospitality have been in evidence since early biblical times† (Levy-Bonvin, 2003, para.1). While the most ancient hotels did not have all the modern amenities that consumers have become accustomed to receiving when frequentingRead MoreEssay on Majestica Hotel in Shanghai5231 Words   |  21 PagesMAJESTICA HOTEL IN SHANGHAI? On March 20, 2005, Richard Roy, executive vicepresident of Majestica Hotels Inc., was in China, for negotiations with Commercial Properties of Shanghai Limited (CPS). They were discussing a possible management contract under which Majestica would be the operator of a new luxury hotel there owned by Shanghai Industrial Holdings. Majestica Hotels Inc. was one of the world’s leading operators of luxury hotels. The expansion into mainland China had been on management’sRead MoreMarriott Corp. - the Cost of Capital4186 Words   |  17 PagesHarvard Business School 9-298-101 Rev. March 18, 1998 Marriott Corporation: The Cost of Capital In April 1988, Dan Cohrs, vice president of project finance at the Marriott Corporation, was preparing his annual recommendations for the hurdle rates at each of the firm s three divisions. Investment projects at Marriott were selected by discounting the appropriate cash flows by the appropriate hurdle rate for each division. In 1987, Marriott s sales grew by 24% and its return on equity stood

Influence Of The Advertising Media On Gender And...

Abstract The advertising media often stereotypes gender roles either for added effects or for humor. Repeated use of these role-plays reinforces the public’s perception about how men and women should behave. This also shapes the expectations that society has towards them. The manipulation of these stereotypes by the media is an unconscious byproduct of the thinking of most men and women about what roles each gender should play. Deterministic theories emphasize that men and women evolve differently and they play distinct roles. This paper will dissect the issue of the influence of the advertising media on gender perceptions and representation of stereotypes. Gender stereotypes in advertising media Introduction The advertising media is a powerful tool for passing messages and when it comes to gender issues, it can influence behavior. For instance, the common adage that ‘boys will always be boys’ is a byword for male playfulness, aggressiveness and encourages boys to be outgoing and daring. Girls on the other hand, are represented as pretty creatures that should not get muddy but are always clean. When bombarded with such subtle messages, the narrative of male machoism and women beauty slowly takes shape in the minds of the populace. Gender identity Gender identity is the sense male and females have regarding their different roles and expectations in the social set-up. According to Pollitt, children begin developing a sense of gender by the age of two years through theShow MoreRelatedMedia Based On Social Stereotypes930 Words   |  4 Pagesanalysis of media based on social stereotypes. There are two advertisements used one is based on gender inequality and the other is based on the gender biased and racial inequality. These two advertisement’s provides a good example of how media influences society. Analysis of these advertisement will show how the creator of the advertisement uses social stereotypes. Advertisement 1 analysis Nowadays the representation of gender in media has become very common. It is all about the representation of phenomenallyRead MoreEffect Of Gender And Gender Representation On Media1735 Words   |  7 PagesThe effect of gender and gender representation in media has been widely researched in various academic disciplines, including anthropology and communication studies. Similar gender role expectations are not just restricted to Western culture either. A study on gender representation in East Asian advertising by Michael Prieler is a demonstration of the influence of gendered communication. The research examines the male and female representation in the advertising of East Asian countries like HongRead MoreHow does the mass media reinforce sterotypes?1508 Words   |  7 Pageshumanity (Lester, 1996, p.1). When the mass media engage in stereotyping, misleading representations concerning members from diverse cultural groups are confirmed. In this essay, a broad range of texts will b e used to examine the ways in which the mass media construct and reinforce social stereotypes around gender, ethnicity and age, as well as how the media shape ones imagination though direct images. It cannot be doubted that the media profoundly influence peoples attitudes and outlooks. They conveyRead MoreThe Representation Of Gender And Media978 Words   |  4 PagesNowadays the representation of gender in media has become very common. It is all about the representation of phenomenally rapid change: change’s in gender relation transformations in media technologies, regulatory frameworks, content ownership and theoretical revolutions in the approaches used to make sense of gender representations. Gender and media aims to freeze the frame, press the pause button, or hit the refresh key to construct that how media shows social stereotypes. There are many advertisementsRead MoreMedia And Its Effects On Society976 Words   |  4 Pagesaddicted to media. Used as a powerful source of knowledge and entertainment, media plays an enormous role in the development of human life and gender distinction. Through the use of media, guidelines consisting of generated ideas and ways of living, affect both men and women. This then creates an altered thinking process that leads to an environment susceptible of stereotyping and ridicule. For both sexes, this negative portrayal of media causes a constant downfall of self-image and media persuadedRead MoreBrainwashing Youth : How Advertising Influences Children On Gender Images1496 Words   |  6 Pages Brainwashing Youth: How Advertising Influences Children on Gender Images For advertising companies, the topic of advertising to children is one that is very controversial and could lead to a lot of debate on whether it is even ethical to do so. None the less advertisements continue to be aired and targeted towards a particularly vulnerable group: children. At a young age it is a critical time for children. They are not only developing their mental and physical capabilities, but they are also developingRead MoreWhy And How Gender Stereotypes1654 Words   |  7 PagesWhy and How Gender Stereotypes in Advertisements are Challenged Traditional gender roles were constructed based on devotion to cultural value as well as social construct based geographical placement. Males were usually associated and expected to express masculinity while females on the other hand had to express femininity (Ickes). The gender roles have been preserved for too long and it has become almost like a permanent component of a society—like a body part itself, rather than a constructed normsRead MoreWomen Objectification Of Women1524 Words   |  7 Pagesportrayed through advertising for the most part gives off a negative message to girls who struggle with body image and even women who want to look a particular way. The most negative message that advertising portrays is objectification of women and violence towards them. Women and girls need to recognize the true meaning behind the advertisements that we see in all aspects of media. They should not allow themselves to be objectified in any way, nor accept that this is the way the female gender is portrayedRead MoreGender Roles In The Movie Zootopia914 Words   |  4 Pagesfair as everyone hoped. In Zootopia and Miss Representation there are a lot of similarities when it comes to Gender, when you compare to gender in America. Gender is the physical, behavioral and personality traits that a group considers normal for its male and female members. Gender is a background identity that acts on our behaviors and influences how other people evaluate us. There are many similarities in the movie Zootopia and how it mirrors gender struggles in the United States. Throughout theRead MoreIdentity : Social Identity And Self Identity Essay1640 Words   |  7 Pagessociety. Gender is an important aspect of our social identity as it helps people to conform into a contributing member of society. Unlike sex, which refers to people’s biological differences of being female or male, gender is socially constructed; it is a set of social expectations of how people should act based on their sex (O’shaughnessy Stadler, 2012, p370). Advertising plays an important role in constructing ideologies and social expectation in society, which has a large influences on what people

Poem Analysis Incantation - 882 Words

Preston Middleton Poetry Summer Assignment Hildbold Czeslaw Milosz Incantation Prompt: Much is said about the power, for good or evil, of language. In the poem Incantation, the author discusses this power. In the opening line, the author sets the stage for the piece, stating: â€Å"Human reason is beautiful and invincible.† Read the poem carefully, and then write a well-developed essay in which you analyze how the author conveys the power and potential of language. Language has an indisputable power in our society. From persuasive essays to pep talks, we as humans have long recognized and harnessed, to the best of our ability, this truly awesome power. Poetry, for example, is often utilized to express a depth of emotion and reality untouched by simpler communication; a profundity not often experienced in our daily lives. In his poem, Incantation, Czeslaw Milosz focuses on this power, and conveys it effectively through simple yet elegant uses of several literary devices. In so doing, he creates an exquisite abstraction of the eloquence of language, and reinforces the construct to continually spotlight the attention of the audience. Milosz states that when human reasoning is driven by love of knowledge, and expressed through poetry, it â€Å"establishes the universal ideas in language / And guides our hand so we write Truth and Justice† (4-5). He writes with a confidence that conveys his believe in that precept. His writing style emphasi zes the inexhaustible potential of theShow MoreRelatedThe Sound Devices Used Within the Tyger by William Blake983 Words   |  4 PagesWhere the Sleeping Tyger Lies: An Analysis of the Sound Devices Used in The Tyger by William Blake The Tyger, written in 1974, is one of both simplicity and mystery. Within this poem written by old English William Blake, there are 13 full questions within this short 24 line work. Though many literary analysts have attempted to forge a meaning from this work, not one theme has a more correct stance than any of the others. One clear symbol within the piece is the Tyger, who represents some formRead MoreEssay on Kubla Khan: A Miracle of Rare Device1330 Words   |  6 Pages Samuel Taylor Coleridge’s poem â€Å"Kubla Khan† is a masterpiece of ambiguity; from its inception to its meaning. â€Å"Kubla Khan† is a poem of abundant literary devices; most notably these devices include metaphors, allusions, internal rhyme, anthropomorphism, simile, alliteration, and perhaps most of all structure. But the devices that Coleridge used to create â€Å"Kubla Khan† is at the very least what makes this poem provocative; Coleridge’s opium induced vision and utopia n ideals combined with his literaryRead More Ode To The West Wind Essay1549 Words   |  7 PagesShelleyamp;#8217;s adaptation of Danteamp;#8217;s work is evident throughout most of his writing. In amp;#8216;Ode to the West Windamp;#8217; it is quite apparent. He was writing this poem in a wood on the outskirts of Arno, near Florence, which is Danteamp;#8217;s hometown. The use of the terza rima poem is Shelleyamp;#8217;s most obvious adaptation of Dante and he relies upon Dantesque ideas to write his poetry. The image of the leaves being blown by the wind amp;#8220;like ghosts fromRead MoreConfessional Poetry Essay1640 Words   |  7 Pagesautobiographical, but did often express deeply disturbing personal experience. (Academy of American Poets) Three important poets who are typically associated with the confessional poetry movement are Anne Sexton, Allen Ginsberg, and Denise Levertov. An analysis of selected works from these poets yields a deeper insight into the individual poets and the broad differences among them. Poetry rarely flourishes in a vacuum. As such, the influences and history of each poet is important to understanding theirRead More Nuala Nà ­ Dhomhnaill’s The Astrakhan Cloak Essay2381 Words   |  10 Pagescollection of poems by Nuala Nà ­ Dhomhnaill. Several aspects of the book deserve notice from the reader, including structural and thematic elements that work to develop an overall sense of mystery, wonder, and loss. A significant theme of the poems in the collection is the dichotomy of the supernatural and civilized worlds, and the sense that there are forces in the world just beyond our perception and understanding. In general the poems presented are short, but the final inclusion is a l onger poem dividedRead MoreComparison of the Supernatural in Coleridge’s Kubla Khan and Christabel3512 Words   |  15 PagesColeridge’s achievement as a poet rests on a small number of poems which can be divided into two diverse groups:- the daemonic group which consists of the three poems The Ancient Mariner, Christabel, and Kubla Khan and the conversational group which includes the poems like The Eolian Harp, Frost At Midnight, the irregular ode Dejection and To William Wordsworth. The later poems Limbo and Ne Plus Ultra mark a kind of return to the daemonic mode. The poems of the daemonic group bring out Coleridge’s preoccupationRead MoreEssay on Emptiness in The Hollow Men2815 Words   |  12 PagesThe Waste Land, he felt as though he had not been able to fully convey the sense of desperation and emptiness in that work. Beginning with Doris’s Dream Songs and Eyes I Last Saw in Tears, he explored these themes, eventually uniting all such poems in T he Hollow Men. The end product is a work that, unlike The Waste Land and its ultimate chance for redemption, has only the indelible emptiness of the hollow men as its conclusion. The hollow men are those who, in life, did not act on their beliefs;Read MorePoems with Theme with Life and Death and Their Analysis8446 Words   |  34 PagesEI WAI KHAING AN ANALYSIS OF THEMES ON LIFE AND DEATH OF SOME POEMS Abstract: Some basic elements of poem and types of poem are included in this paper. Although there are countless number of poems on Life and Death, only the ones which seem noteworthy are studied and analysed in terms of themes. Different opinions of different poets on life and death found in their poems are also presented and contrasted in this paper. This paperRead MoreA Compilation of Essays on People and Their Personalities4701 Words   |  19 Pagesis more difficult as it becomes impossible after a certain point. The former is the one which is more popular. Primitive magic served the purpose of securing safety either by injuring enemies, or by protecting oneself by talismans, spells and incantations. Such believes have survived over the ages and many people believe in mascots and sorcery which later was condemned by the church. Magic however has a simple way of avoiding terror and witches were burnt for centuries. However, newer beliefs didRead MoreCarol Ann Duffy Poems Analysis8144 Words   |  33 PagesOriginally Introduction Memories play a significant role in the poetry of Carol Ann Duffy, particularly her recollections of childhood places and events. The poem â€Å"Originally,† published in The Other Country (1990), draws specifically from memories of Duffys familys move from Scotland to England when she and her siblings were very young. The first-born child, Duffy was just old enough to feel a deep sense of personal loss and fear as she traveled farther and farther away from the only place she

Retain Talent and Accelerate Performance †MyAssignmenthelp.com

Question: Discuss about the Retain Talent and Accelerate Performance. Answer: Introduction: In this paper a perspective on employee recognition and engagement is highlighted. The hypothesis tested in this chapter is that recognition is the only factor influencing engagement in employees all over the world. This is tested for different countries in this chapter (Gostick Elton, 2009). The results suggested that the factors influencing engagement were career opportunities, integrity and identification of employees with the organization. The chapter also describes in detail how each of these factors are important. The next chapter prescribes methods and factors that should be considered when calculating rewards for recognition (Gostick Elton, 2009). It helps to focus on the parameters that should be considered while rewarding so that the right impact is obtained out of the same. The tools prescribes are the award level, the award budget and creativity of awards for performance excellence. The next chapter suggests ideas to reward the employees. It provides a total of 125 ideas (Gostick and Elton, 2009). All these ideas are based on the suggestions of managers all over the world. The chapter also highlights how recognition can boost management capabilities by grouping the ideas into five categories which include interaction, objective setting, recognition, responsibility and trust.This is the concluding chapter of the book (Gostick Elton, 2009). It predicts how recognition propels results and target achievement in businesses. It asserts that essentially short term forces do not help firms to reach objectives in the long run. It claims that recognition of one success provides momentum for thousands of other such successes and leads to long term growth for firms in any part of the world. References: Gostick, A., Elton, C. (2009).The Carrot Principle: How the Best Managers Use Recognition to Engage Their People, Retain Talent, and Accelerate Performance [Updated Revised]. Simon and Schuster.

Analyze The Impacts Of Gambling Samples †MyAssignmenthelp.com

Question: Discuss about the Analyze The Impacts Of Gambling. Answer: Introduction: Gambling, as an activity can be considered as a social evil as it does not cause any attrition to the overall welfare of the residents of a society. The report tries to analyze the impacts of gambling and the implications of its over consumption in an economic perspective. Gambling can be done in different ways, like lotteries, using poker machines, table games or scratches. In the previous year, it has been observed from the recent statistics that the residents of Australia have been involved extensively in the above-mentioned practices of gambling. The most extensively used mode of gambling were the usages of the electronic machines, which can be seen as the predominant source of revenue generated from gambling as a whole in the country. With around 198,300 machines in use across the nation, in 2009, there was a revenue generation of a strikingly huge amount of $59,700 from gambling in the country. Apart from the revenues from gambling, the revenues generated from the taxes and dut ies on this activity are one of the significant sources of revenue for the country and create an employment of 35000 people. The report tries to discuss the socio-economic costs of this activity and tries to emphasize on the policies, which helps in reduction of this activity with regards to the usage of the poker machines (Philander, 2013). Gambling: Social and Economic Costs: Gambling, as an activity, is mainly used for the recreational purposes by the residents of Australia. According to the stakeholders of the industry, the activity is beneficial socially to the residents as through the gambling activity they can take out time for recreation from their otherwise stressful life. They also state that the activity helps in offering intangible advantages to the communities, including improvement in the elderly citizens quality of life and forming a high cohesion in the environment. However, there can be the presence of costs and benefits which cannot be tangibly gauged by the individuals while doing this, which falls in the social costs of gambling. This is related to the externalities that can be generated In the society as a whole from the gambling activities (Thomas et al., 2012). The social and the economic costs of the gambling activities in this context are discussed below: Crime cost- The cost of crime in related to incarceration spending and involvement of the police can directly and indirectly cost around 152 million and 174 million. Business/ Employment Costs- Gambling may lead to loss of jobs or overall productivity and costs incurred by the employers in this process. Bankruptcy- This involved the social cost in the form of legal expenses. Cost of social service- This cost is incurred in relation to the loss of jobs, productivity and the gambling behavioral issues minimization treatments. The cost can indirectly go up to 174 million. Family cost- Gambling can lead to upsurge in the domestic violence, unsettling behavior and separation in marital relationships, thereby giving rise to a cost in relation to the family dynamics (Wu Chen, 2015). Lobbying costs- The resources used in gambling have an opportunity cost as they could have used for other useful and productive purposes contributing to the welfare of the society. Gambling: Effects on economic efficiency: Gambling is such an activity that its addiction leads to a pathological consumption trend thereby leading to an uncontrollable desire to gamble. This soon becomes an obsession and thereby the life of the individual is hugely affected. The trend of over-consumption leads to the unfair utilization of time and money of the concerned individuals. In this case, 1.4 million of the residents are found to be involved in this activity, which also has negative implication on the terms of trade of Australia. There can be direct as well as indirect effects of gambling activities on the economy of Australia. The direct effects of gambling leads to net addition of resources in the community, as the casinos can be seen to have implications on the income and job scenarios of the country. These indirect benefits in the income and employment scenarios can be related to the commodities provision to the patrons of gambling. The indirect effects can be seen in this context when the income of the employees leads to increase in the expenditures, thereby creating even more employment scopes. To estimate the indirect effects of this activity, the input-output model is used, which evaluates the impacts of this activity on the efficiency and development of the Australian economy. The model deals with the dynamics of output of one industry as input to others and deals with the effects of the activities of one industry on the demand and supply sides. The model also takes into account the multiplier effect s, which causes cyclical and rippling implications on the economy. The model can take into account the negative externalities of over-consumption of this activity, which leads to an inefficient equilibrium differing from that of the socially optimum one. As the marginal private benefits of the individuals directly participating is bigger than the marginal social benefit of the economy as a whole, there are spillover effects, which can be shown with the help of the following diagram: The demand for gambling is inelastic to changes in price as it falls under the category of addiction. This implies that the imposition of taxes or duties on the activities of gambling does not cause much difference in the demand for gambling. This may in turn lead to black marketing of the activity thereby proving that taxations do not lead to an efficient solution to the problem (Gu, Li Tam, 2013). Policies to reduce the problem: a) Pigouvian tax implementation- This kind of tax is imposed in the activities which is related to negative externalities in the economy. In this case, this kind of tax imposition can help in increasing the efficiency in the market as the negative externality can be ruled out by imposing a Pigouvian tax of the same amount. The proper resource allocation can help in decreasing the problem of unbalanced growth too. This can lead to creation of the dead-weight loss on part of the government, which can lead to decrease in the gambling activities in the market (MacKenzie Ohndorf, 2016). b) Poker machines quota- The game played in poker machines does not require any skill and is specifically game of chance. These machines have RTP by 90% in Australia As per the recent reports; Australians annually lose $12 billion due to the usage of the poker machines. Therefore, imposition of restrictive quota on the poker achiness can help in curbing the negative externalities. c) Non-price policy implementations: i) The strategies of intervention of families to help in curbing the gambling activities of an individual can prove to be beneficial. ii) The program of Research of National Gambling, an all-state funded program, if properly implemented can prove to be effective in reducing the problems. iii) The country has implemented various awareness generation programs, including revelations of the myths that have been prevailing in the economy of the country, which can also be effective in this cause. Conclusion: From the above discussion, it can be asserted that there are various negative implications of the gambling activities on the overall welfare of the citizens of the country. With the consistently increasing influence of the same on the communities in the country, it is increasingly becoming mandatory on part of the regulatory and the governing bodies of the country to implement measures which can prove to be beneficial in curbing the gambling activities of the country. The negative externalities of gambling can be reduced by generation of awareness, imposition of Pigouvian tax, establishment of quotas on the poker machines and breaking of the myths prevailing among the citizens regarding the so-called benefits of the country. References Gu, X., Li, G., Tam, P. S. (2013). Casino tourism, social cost and tax effects.International Gambling Studies,13(2), 221-239. MacKenzie, I. A., Ohndorf, M. (2016). Coasean bargaining in the presence of Pigouvian taxation.Journal of Environmental Economics and Management,75, 1-11. Philander, K. S. (2013). A normative analysis of gambling tax policy.UNLV Gaming Research Review Journal,17(2), 2. Thomas, S. L., Lewis, S., McLeod, C., Haycock, J. (2012). They are working every angle. A qualitative study of Australian adults' attitudes towards, and interactions with, gambling industry marketing strategies.International Gambling Studies,12(1), 111-127. Wu, S. T., Chen, Y. S. (2015). The social, economic, and environmental impacts of casino gambling on the residents of Macau and Singapore.Tourism Management,48, 285-298.