Credit crunch Essay Example | Topics and Well Written Essays - 2500 words

Credit crunch - Essay Example At this point, credit rationing takes place. In most times, a credit crunch is followed by a shift to quality by the lenders and owners of capital as they look out for investments which are less risky normally at the expense of the medium and small sized enterprises (Hull 2). The credit crunch has had an influence on small and medium sized business in various adverse ways. Despite its significant and largely powerful impact, the credit crunch might not be the sole reason for the inadequate success of some selected small and medium sized business enterprises. The growth of the credit crisis will also be taken into consideration as it is crucial in evaluating the way and the manner in which it has influenced the small and medium sized businesses in the dimension it has. As the credit crunch is a very much late feature in the current economy, its growth is frequently varying. Nevertheless, its growth since its inception in the global perspective has been put into consideration. The world economic crunch which started in 2007 was perhaps the most phenomenon shock to ever affect the economy of the United Kingdom to be ever remembered. Ever since the onset of this predicament, so much has taken place that might initially have been assumed to be impossible: The implicit nationalization of two of the largest banks in UK, a state deficit which came in double digits, a depressing grading on the AAA credit rating of the UK, a decline in Bank of England’s base rate which went down to 150 basic points lower than its previous all time low and a programme quantitative easing of  £ 200,000 (Heine 27). These phenomenon occurrences have called for essential reforms of the conventional evaluation of the UK economy. As it is a contemporary feature in the current economy it is frequently growing and thus regularly having an impact on all forms of business including small and medium sized enterprises. Small

Snowblower Essay Example | Topics and Well Written Essays - 1500 words

Snowblower - Essay Example Every project faces constraints at the drawing stage. Constraints are the challenges or obstacles that affect an undertaking. It is therefore very important to analyze all constraints that a project may encounter before it begins. However, constraints do not imply a failure but they act as a guide to success. That being said, designing a snow blower is not an easy task because of the various designs in the market. Before we started the project, we were determined in producing an electric snow blower for a start before further engaging in producing gasoline or diesel powered snow blower machines. The following are just but a few of the constraints encountered and their significance (Kolisch, 1995). These constraints generally focus on architecture decisions that have a tendency to limit the project’s solution design. They therefore tend not to be flexible and static. They have a great impact on the implementation of the solution (Kolisch, 1995). Technical constraints in our case included materials, design, whether manual or computerized, type of engine whether electric or gasoline powered and the size of the snow blowers. This was very challenging because the mentioned constraints are very significant for the success of the project. These types of constraints are required due to the fact that the theme of our project aimed at designing something unique and not available in the market. This was a driving force for further innovation in the design of the snow blower. Quality is a vital constraint in a project because in designing a product, quality is fundamental for the customers to accept the product. It was very significant because our snow blower had to be a state of the yard invention that delivers the required workload as expected in a short time frame. Under this constraint, the idea was whether to develop a single stage or a two stage snow blower. Single stage machines use