In times of crisis, such as the one currently experienced in Europe, Assignment

In times of crisis, such as the one currently experienced in Europe, new ideas of how to arrange and organise are required for - Assignment ExampleIn this situation, it becomes important to create new organizations and create new jobs in order to sustain. The report give discuss about the global economical crisis and its impact on the national economies of the nations. In this context it will specifically high sportsmanlike the Euro crisis and its impact on the bear on countries. It will also emphasize the importance of new company establishments and job creation in a country. The report will also shed light on how individuals influence the management practices of an organization. Finally the report will conclude stating the extent to which an individual impacts in company establishment and management practices. Introduction During the get going 15 years, countries around the world have been able to make impressive advancement and historical transformations in their economical p olicies. With rapid globalization and based on the institutional establishments nations have been successful in building up effervescent private sector. It has also led the countries to participate in international trade (Rutkowski and Scarpetta, 2005, p.xiii). The economic growth has in turn helped the nations to reduce the level of poverty as well as brought higher incomes. However the global economic downturn has break off the growth process and clearly indicated that no economic policy is stable enough to face economic crisis. Many scholars thus highlighted that it is important for the nations to focus on reforming the financials of a country. In this context a number of scholars have highlighted that financials of a country can be best reformed by creating new clientele ventures and thereby creating new jobs. According to Global Entrepreneur Monitor (GEM) around the world there are 200 million who are engaged in the creation of new jobs. There are another 200 million people w ho are the managers or owners of newly established firms. The study was carried out in 75 countries of the world and which covered nearly 80% of the total population of the world (Reynolds and Curtin, 2010, p.1). The focus of the project will be therefore based upon the out of how creation of new vexation and jobs will aid a nation to embrace economic growth. The intentions of the projects will be also to uncover how new business and jobs will be created and sustained during the crisis periods. The next half of the project will discuss all the relevant theories as well as the earlier literatures from the identical field of study. Discussion In the recent past one of the major economic crisis occurred in Europe, which is also known as the Euro Crisis. It is an ongoing financial need that has caused difficulties for a number of countries in Europe to refinance the debt of their Government. This economic catastrophe has impacted the Euro economy to a large extant. Countries such as Greece, Portugal, Italy, Ireland and Spain or jointly known as GIIPS were the major sufferers. It has actually destroyed the economies of European Union. A number of reasons have been highlighted regarding the cause of this economical turbulence. The Euro Crisis In Europe there