Effective team and performance Essay Example | Topics and Well Written Essays - 1750 words

Effective team and performance - Essay Example Nondi’s payroll system also ensures that workers pay is commensurate to their tasks. Maslow’s theory is applied in this scenario given that the restaurant aims at satisfying the basic needs of its employees before satisfying their secondary wants of self-actualization. According to the Clark, scientific theory of management, theory x, stipulates that the workforce needs to be controlled and supervised in order to dispense their duties as required by the organization. This leadership criterion is achieved through the application of division of labor. This ensures that each worker is given apportion for tasks to perform. This leads to increased productivity and performance. Moreover, these results in the motivation of employees. The division of labor in Nando’s is manifest in the manner in which the workers serve the clientele. Some staffs just welcome clients while others serve the customers. The rest of the employees, monitor the preparation of the flame grilled chicken.

The Gates of Paradise by Lorenzo Ghiberti Essay Example for Free

The Gates of Paradise by Lorenzo Ghiberti Essay Dear , When this letter reaches your hand, I hope you’re in the best of health mentally and physically. As for myself I’m blessed and can’t complain. The baby is doing fine, albeit being a little under the weather. I have been studying and swamped with schoolwork, trying to complete all of my final assignments for this semester. I had to write and share with you my wonderful experience. After providing you with many exciting detail you are going to want to experience this for yourself. In a recent visit to Florence, Italy, I had the chance to visit the Museo dellOpera del Duomo, where a lot of masterpieces from great masters were on display. It would be too lengthy for me to describe them all to you, so Ill focus on one works of art that has caught my interest. This piece is called The Gates of Paradise, and was created by Lorenzo Ghiberti from 1425 to 1452, a period of twenty-seven years. Well, you may wonder why it took such a long time for that piece of art to be completed. As I have seen in the exhibition, the work was intricate, which obviously requires time to make. Ghiberti was born in 1378, whose father was an artist and a goldsmith. His sculptures were usually coated in bronze or gold, a skill he obviously learned from his father. Being an artist of the early Renaissance period, he was revered in his lifetime. Like other artists of his era, he showed artistic freedom and individualism in his work. During the Renaissance, artists were prone to portray figures imbibing the Greek ideals of perfection. Florence then, his birthplace, was the center of culture and politics in Europe, until the end of the seventeenth century. You have to understand that during this time, religious art was in vogue, funded by patrons such as the Medici family, who paid high commissions to sculptors and painters, encouraging artistic culture to flourish. Some scholars think that this religious fascination stemmed from the societys realization regarding life and death as a result of the Black plague that badly hit Florence in the late fourteenth century. Ghiberti won a competition in 1401, when he was twenty five, which made him famous. In this competition he made twenty-eight sets of panels, made in bronze, for the cathedral in Florence, where each panel depicted scenes from the New Testament. The work was completed in twenty-one years. After completing this work, he was commissioned to do another doorway for the church. This time, he made ten panels depicting scenes from the Old Testament. Being highly gifted in sculpting and metalworking, his works show vividness and durableness. The famous Michelangelo Buonarotti called the doorways, Gates of Paradise. In these panels, these scenes from the Old Testament include: The Creation of Eve, Noah and his family, Moses receiving the Law from God in Mt. Sinai, David beheads Goliath, The Creation, and The Fall and Banishment. The artist prepared the main panels using the wax casting process, a technique thats not used nowadays. The modeling of each panel was in wax, and then covered with plaster and clay jacket. After the panels were covered, Ghiberti baked the panels to melt the wax, leaving a mold for bronze to be poured. Once the bronze cooled off, the plaster and clay were removed. Then, each panel was cleaned and the finer details were worked on using metal tools. It took Ghiberti years to complete the fine details found in the panels. Once the main frames were complete, Ghiberti next worked on the fire-gilding method, which was dangerous for it involved a gold-mercury amalgam. The process involved applying the amalgam to each panel. Mercury fumes, which are toxic, dissolved in the air by heating, in order to leave the gold on the surfaces. In 1452, the completed doors were installed, and they stood for five centuries until World War II. During the Second World War, Nazi officials in Italy coveted the artworks found in Florence. They asked for the sculptures, paintings, and other works of art to be transferred and become part of their private collection. Fortunately, somebody thought of hiding the Gates of Paradise in a railway tunnel in the South of Florence. After the war, the doors were recovered and some artists made replicas. These replicas were sold to the Grace Cathedral after the liberation in 1944. The originals were placed in the 1980s in the Duomo museum for restoration and safekeeping after flooding in Florence destroyed some of the panels. Florence is not the city it once was during the Renaissance. Times have changed, and artistic culture has given way to industrialization and modernization. But Florence still remains a beautiful place with a rich history and a collection of thousands of arts from great masters who once lived and breathed in the city. Well, thats all I can share with you. Nothing compares to seeing the actual masterpieces in person. Hope you could come with me on my next Italian tour. Ciao! Sincerely. Reference The Gates of Paradise: Lorenzo Ghibertis Renaissance Masterpiece. The Metropolitan Museum of Art. Retrieved December 4, 2007, from: http://www. metmuseum. org/special/gates_paradise/ghiberti_images. asp

The Relationship Between Data Information Knowledge Philosophy Essay

The Relationship Between Data Information Knowledge Philosophy Essay In Information Management, we been thought about the relation between data, information, knowledge and wisdom, most of us, maybe who doesnt familiar with the information management courses or principle, they cant differentiate between data, information, knowledge and wisdom. Even these four components relate to each others, but it barely has lots of differences between them. In this article, we will go through each one of the component that finally will eventually make up together as wisdom that been use by us in our daily basis. There are widely research and philosophy around the concept of relationship between data, information, knowledge and wisdom. These components are the basis in our human mind when we learn, asking and do things. Gradually it will help us in doing our daily experiences. According to Dr. Russel L. Ackoff, an American theorist, adviser, and Anheuser-Busch Professor Emeritus of Management Science at the Wharton School, University of Pennsylvania, he also was a pi oneer in the field of processes research, systems philosophy and management science stated that the content of human mind can be categorized into four parts, they are: Data: it can be described or been given example such as symbols. Information: data that are processed to be useful. Knowledge: application of data and information. Wisdom: the better understanding about thing that been created with the knowledge that we obtained. Ackoff also specifies that the first three parts is related to the past; it deals with what has been or what is known. Only the fourth part, wisdom, contributes with the future since it includes vision and design. With wisdom, people can create the prospect, fairly than just hold the present and past. But obtaining wisdom not easy; people must go through the three parts. As an example, we doing a mathematical solving, the data that been represent by number such as 1, then the next is information, it can be describes in a simple equation like 1+1. This is information that we get, one plus one is the information that we know now, then the addition of one plus one will become two, like in this example 1+1=2, so two is the knowledge that we get from the addition of 1+1, thus wisdom is the better understanding of knowledge that we get, something that normal people will quickly know, the answer for 1+1 is 2, these will be wisdom for all the learner that learn these simple equation example. This is where we will deeply go on brief explanation about each of the four components. The first component is Data. In Oxford Dictionaries, data is philosophy things known or assumed as facts, making the basis of reasoning or calculation. The word data is from the Latin word of Datum, in the mid-17th century (as a term in philosophy). From the explanation that been derived from experts, data is a sequences of symbols that we can interpreted as a message. Data also is a collection of facts on something that we know, such as in term of numbers, sound, symbols and others it also can be said as facts, statistics used for reference or analysis. We can obtain data with every mean of events such as via surveys, from the objects, symbols, and also from hearing about something that related to the things that we know. These are data without we even noticed it. In information studies data is raw. It simply exists and has no significance beyond its existence (in and of itself). It can exist in any form, usable or not. It does not have meaning of itself. The next component is the information, as we all know from what we learn from information studies (information management), information is the collection of data that can make up into something that we can understand better or more deeply from data. According to Dr. Russel L. Achoff, information is data that has been given sense by way of interpersonal linking. This meaning can be useful, but does not have to be. In computer dialect, a interpersonal database makes information from the data stowed within it. If we can make easy example as to make people understand better, the alphabets or data is H.O.U.S.E, when we have all the data in term of those alphabets and combined them into one word, we will get the word house from those five alphabets or in other terms the five data. So, when our mind had been connected between data and information, we will get the information from those alphabets. And we will imagine a house, simple house like usually we seen all days. The third component is knowledge; knowledge is the right collection of information, it is in the other term, the collection of data that we conclude together as information, then from the better understanding of those information it will become knowledge, an upgrade version of information, with knowledge we can know the thing that we do regularly in our daily basis, such as in the first introduction example about the simple equation 1+1=2, we with the logic thinking will know that 1+1 will make and become 2 and there will be no other answer from 2. This is the knowledge we get from the information and data that we produce and combined together, 1 is the data and 1+1 is the information then the answer 2 is the knowledge that we get from learning the equation logic and adding ratio. The last component in the relationship between data, information, and knowledge is the wisdom. Wisdom can be said as not only understand the information, it is the higher degree of knowledge and its mean the understanding about the concept of those knowledge, its mean is wisdom is the better knowing about the subject that had been research by anyone that have knowledge about the things they already know. Example is raining, raining is the knowledge that we know by the looks of water that pour down from the sky, but wisdom is thinking beyond it, we know when raining if we go through the rain, we can get fever, our cloths will get wet, this is the wisdom that we get from the deep knowledge about the rain based on our former experiences. This is the wisdom, the once that beyond the knowledge can offer to us. That is higher degree of understanding of particular subject and having more degree of knowledge about them that will gradually become wisdom. As a conclusion, these four components are the phase in the degree of information principle. They relate with each others and without one of them, the information that are good to use can be created. Thus this is the phase that is differentiating the general information into more specific information that can be said as wisdom. They are related with each others, so when try to understand the phase, and even missing one phase or stage cant be ignored by the researchers. From data, it will become information, gradually it will become knowledge to us and then finally it will become wisdom once that fully understand the subject and then those wisdom will be use by us in our daily basis.

To His Coy Mistress Essay: Imagery, Symbolism, and Descriptions

Imagery, Symbolism, and Descriptions in To His Coy Mistress Andrew Marvell in his poem describes a young man convincing his fair mistress to release herself to living in the here and now.   He does this by splitting the poem up into three radically different stanzas.   The first takes ample time to describe great feelings of love for a young lady, and how he wishes he could show it.   The idea of time is developed early but not fully.   The second stanza is then used to show how time is rapidly progressing in ways such as the fading of beauty and death.   The third stanza presses the question to the young mistress; will she give herself to the young man and to life?   Although each stanza uses different images, they all convey the same theme of living life to the fullest and not letting time pass is seen throughout. Marvell uses imagery, symbolism, and wonderful descriptions throughout the poem.   Each stanza is effective and flows easily.   Rhyming couplets are seen at the ends of every line, which helps the poem r ead smoothly.     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Marvell uses many images that work as tools to express how he wishes to love his mistress in the first stanza of the poem.   From line 1 to 20 Marvell tells his mistress how he wishes he had all the time in the world to love her.   In the very first line Marvell brings up the focus of time, â€Å"Had we but world enough and time/This coyness, lady, were no crime†.   The second line shows the conflict that the author is facing in the poem, her coyness.   Marvell continues from these initial lines to tell his mistress what he would do if he had enough time.   In lines, three and four Marvell talks of â€Å"sitting down† to â€Å"think† where they will walk on their â€Å"long love’s day†.   All of these word... ... before their â€Å"quaint honor turns to dust†.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Andrew Marvell successfully writes about a delicate subject without coming off as dirty or disrespectful to the subject of sexuality.   Each stanza carries a different way of looking at the same subject.   The way Marvell speaks in the first stanza shows that he is not being impetuous, that he does love his mistress.   He creates a sense of timelessness and then in the second stanza he sweeps that away and introduces death as frightening but unavoidable.   He realizes how precious time is and is very effective in convincing his mistress of this fact as well.   The last lines leave the reader with the image of this couple conquering and taking advantage of time by making the sun run.   This poem would not be what it is without the detailed imagery, symbolism, and metaphors that Marvell applied to each stanza.  Ã‚  Ã‚  

Primark Strategy

Introduction Primark Primark is a clothing retailer, operating in Ireland, the United Kingdom, the Netherlands, Germany, Spain, Portugal and Belgium. It operates a total of 196 stores with 38 in Ireland, 138 in the UK, 14 in Spain, 2 in Germany, 1 in the Netherlands, 2 in Portugal and 1 in Belgium. Whilst the company's main headquarters are based in Ireland where it trades as Penneys, the chain is a subsidiary of Associated British Foods plc (ABF), and is ultimately controlled by the Weston family through Wittington Investments. The company positions itself as marketing fashionable clothing at competitive prices. In England the name is generally pronounced /? pra? m? rk/ PRY-mark. However, in Wales, Northern Ireland, Ireland, and Scotland it is usually pronounced /? pri? m? rk/ PREE-mark. While the pronunciation on the Primark corporate video is PRY-mark the company had an intensive annual advertising campaign each Christmas during the 1980s in which the store was referred to on several occasions (throughout the song/jingle) as PREE-mark, although in the Republic of Ireland this lyric was dubbed over as ‘Penneys'. Liverpool's five story 84,000 sq ft Primark was the world's largest, but has now been superseded by the Primark in Bristol at 82-92 The Horsefair Bristol with 100,000 sq ft. Primark is a fast-growing, major, value clothing retail group employing 27,800 people. Primark's own brands All of the company's merchandise is made specifically for the company and as such Primark has its own brand names : †¢Ryan's value Socks †¢Atmosphere — womenswear/footwear †¢Butler & Webb — Premium formal menswear †¢Cedarwood State — casual menswear †¢Denim Co. — womenswear, casual men's and childrenswear †¢Early Days — babywear †¢Girl 2 Girl — young girlswear Opia – accessories †¢Rebel Senior — older boyswear †¢Rebel Junior — younger boyswear †¢Young Dimension (YD) — older girlswear †¢Primark Beauty – Cosmetics †¢Primark Home — home items †¢Secret Possessions — lingerie, women's nightwear †¢Essentials – Basic Cheaper Items †¢Beach club- Luggage, ladies beachwear The company’s strategy for the business Key Strategies Following the introduction of new provisions concerning the duties of directors under the Companies Act 2006, directors must act in the way they consider, in good faith, would be most likely to promote th e long-term success of the Company for the benefit of its members as a whole. In so doing, the directors should have regard to a number of factors listed in that Act. Those factors include having regard to the Company's employees, the need to foster the Company's business relationships with suppliers and others, the impact of the Company's operations on the community and the environment and the desirability of the Company maintaining a reputation for high standards of business conduct. With this in mind, the company has reaffirmed its commitment to a number of overriding principles.

Asthma essay Essays

Asthma essay Essays Asthma essay Paper Asthma essay Paper In this paper, the three articles on asthma were gathered from three different websites namely the National Heart, Lung and Blood Institute –National Institutes of Health (www.nhlbi.nih.gov), MedicineNet.com and finally Wikipedia.org. The topic of main concern from these three articles was the definition and the causes of asthma. Asthma in definition is a chronic, meaning long-term, lung disease that causes the bronchial airways to inflame and narrow, thus making it hard for the patient to breathe, wheezing, and tightening of the chest and others. Also, asthma is a fairly common disease for all ages all around the world but would mostly appear from childhood and up to adulthood. Depending on the severity of the condition, the treatment can be as basic as medication to altering completely the lifestyle and environment to accommodate the said disease. The exact cause of asthma is still not clear it can be a mixture of the environment and genetic characte ristics of the person that enables it to appear in the young individual. But it is known that every asthma attack could be very dangerous to the health of the individual especially when he lacks medical guidance and supervision with regards to his condition. In present, there are no clear-cut solutions or cure for Asthma, but nevertheless, new technologies help enables an asthmatic patient to attain the most normal life possible, as reiterating the fact that there is no known cure, just by helping â€Å"manage† the disease. But then again, those millions affected by asthma all around the world struggle to maintain a normal lifestyle especially knowing that an asthmatic attack could happen any moment.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The brief summary was created from the account of the three article sources. Although there were very minor differences to the information of the sources, it can be mostly attributed to the use of words of the authors, and can essentially be disregarded. The information given by the sources does not have conclusive disagreements, their thought and facts were the same in essence. In my opinion, these websites provides knowledge of asthma in different levels of technicality. In my own classification, the information given by Wikipedia.org is more technical by choice within the three sources. It provided more in-depth and medically relevant facts compared with the two other sources. But the NHLBI website, on the other hand, provided more average explanation than the two, thus making it the most reader-friendly article. It provided the most simplest of the explanation even offering a photographic inset of what happens during an asthma attack. Finally, the MedicineNet.com was in between the Wikipedia and NHLBI articles as it provided a longer explanation and a wide scope of the topic. I also commend the use of figures and statistics by all of the three to put the topic even more closely to run-of-the-mill explanation. However, with regards to the validity of their shared information, Wikipedia.org was at the bottom. Wikipedia is known as a website free for anyone to edit, making its accuracy of claims become a spot-on not 100% reliable. The two other sources were more reliable as to the fact that their authors and editors are licensed professionals, doctors and in the case of the NHLBI, are government employees.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Nevertheless, all the information given by all three articles could be very helpful depending on the degree of knowledge of the individual. The articles, especially the one by NHLBI, provided simple yet effective means of understanding more a common health issue that affects millions of individuals all over the world. The use of information dissemination is essential in helping every affected individual to fully understand disease that is Asthma. With the proper use of articles that are highly reliable and factual, anyone with health concern as asthma could be shared with advantageous information that could be very beneficial to the person’s health. References Asthma, Retrieved from: medicinenet.com/asthma/article.htm Asthma, Retrieved from: nhlbi.nih.gov/health/dci/Diseases/Asthma/Asthma_WhatIs.html Asthma, Retrieved from: http://en.wikipedia.org/wiki/Asthma

Introduction to the Conditions and Categories of Price Discrimination

Introduction to the Conditions and Categories of Price Discrimination On a general level, price discrimination refers to the practice of charging different prices to different consumers or groups of consumers without a corresponding difference in the cost of providing a good or service. Conditions Necessary for Price Discrimination In order to be able to price discriminate among consumers, a firm must have some market power and not operate in a perfectly competitive market. More specifically, a firm must be the only producer of the particular good or service that it provides. (Note that, strictly speaking, this condition requires that a producer be a monopolist, but the product differentiation present under monopolistic competition could allow for some price discrimination as well.) If this were not the case, firms would have an incentive to compete by undercutting competitors prices to the high-priced consumer groups, and price discrimination would not be able to be sustained. If a producer wants to discriminate on  price, it must also be the case that resale markets for the producers output do not exist. If consumers could resell the firms output, then consumers who are offered low prices under price discrimination could resell to consumers who are offered higher prices, and the benefits of price discrimination to the producer would vanish. Types of Price Discrimination Not all price discrimination is the same, and economists generally organize price discrimination into three separate categories. First-Degree Price Discrimination: First-degree price discrimination exists when a producer charges each individual his or her full willingness to pay for a good or service. It is also referred to as perfect price discrimination, and it can be difficult to implement because its generally not obvious what each individuals willingness to pay is. Second-Degree Price Discrimination: Second-degree price discrimination exists when a firm charges different prices per unit for different quantities of output. Second-degree price discrimination usually results in lower prices for customers buying larger quantities of a good and vice versa. Thirds of third-degree price discrimination include student discounts, senior citizen discounts, and so on. In general, groups with higher price elasticity of demand are charged lower prices than other groups under third-degree price discrimination and vice versa. While it may seem counterintuitive, it is possible that the ability to price discriminate actually reduces the inefficiency that is a result of monopolistic behavior. This is because price discrimination enables a firm to increase output and offer lower prices to some customers, whereas a monopolist might not be willing to lower prices and increase output otherwise if it had to lower the price to all consumers.

Machiavellis The Prince Essays

Machiavellis The Prince Essays Machiavellis The Prince Essay Machiavellis The Prince Essay Essay Topic: The Prince Niccolo Machiavelli was an Italian historian, statesman and a political philospher. He was born on May 3, 1469 in Florence. He first entered the government service as a clerk and became prominent in 1498 when Florentine was proclaimed as a Republic. (Kemerling, 2006) Machiavelli was engaged into differen diplomatic missions and because of these missions, he met a lot of Italian rulers and studied their political tactics. After a long time of public service, the republic collapsed and he was driven from his post. It was in 1513 when he wrote â€Å"The Prince†, hoping that he can secure the favor the Medici family, thye ruling family in Florence that time. He addresed this to an Italian prince which is from the Medici family. (Encarta, 2007) The Prince is concerned with different principles that founded a state, hence, he described the method on how a prince can acquire and maintain his political power. He also stated in this book his belief that a ruler should not be bound by traditional ethical norms. (Kemerling, 2006) During the Renaissance, there were new attitudes toward politics that accompanies the new forms of political organizations. Huamnists stated that progress of a place should be natural and no-religious. Machiavellis The Prince tried to find a base for the art of governance not depending on Christian principles but on science. In 16th century, he focused more on how to preserve a state and these ideas were refrlected in The prince and became part of the political environment. This new political perspective appeared not only in Italy but also in the monarchies of the North and were introduced in different writings. Although it was not universally accepted, it was recognized during Renaissance and changed the political thinking. (Encarta, 2007) References â€Å"Niccolo Machiavelli†. retrieved April 28, 2008. http:/www.philosophypages.com/ph/macv.htm â€Å"Niccolo Machiavelli†.(2007). retrieved April 28, 2008. Microsoft Encarta Online Encyclopedia   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2007. http://encarta.ms.com.

Financial Services Ombudsman Essay Example | Topics and Well Written Essays - 2250 words

Financial Services Ombudsman - Essay Example There are therefore, a number of Ombudsmen that exist in UK which includes, parliamentary and health services Ombudsman, financial Ombudsman, local government Ombudsman, European Ombudsman, legal Ombudsman, housing Ombudsman, prisons and prohibition Ombudsman, and property Ombudsman. Often than not before lodging a complaint with the Ombudsman, one has to make that complaint to the organization in the first place. In the event the Ombudsman reaches into a conclusion that the compliant by the individual is justified, they make recommendations on what the respondent organization should undertake to resolve the dispute. It should however be noted that the Ombudsman does not have the power to impose or force the organization to implement its recommendations even though more often than not, their recommendations are implemented. The main objective of an Ombudsman scheme is to investigate into cases of maladministration, and as such, the methods undertaken by an organization in an attempt to reach a decision or deal with a given situation. Instances of organization maladministration may include: delay in taking action or even total failure to take any action, giving misleading or wrong information, rudeness, failure of an organization to follow its own procedures or policies, and an organization treating some individual in an unfair manner compared to other individuals. It is the role of Ombudsman UK to institute investigations as well as settle complaints involving individual and organizations or even government bodies. Additionally, the Ombudsman encourages better practices in organizations when handling complaints. In instances such as those mentioned, the Ombudsman only investigates cases in which a person has suffered individual hardship, financial loss or injustice following the act or omission of the respondent organization. Usually the Ombudsman does not engage itself in investigating decision taken by an organizing for the sole reason that the complainant is not in agreement with it. It follows therefore that, for a person to successfully lodge a complaint with the Ombudsman scheme, the person must have given the concerned organization, a chance to comment on the lodged complaint as well as settle any problems. It is very unlikely that an Ombudsman will investigate a case which is in the verge of going to court or a case in which court proceedings have already commenced. Actually, many at times an Ombudsman does not engage into cases or complaints that could as well be tackled by a tribunal or a court. An Ombudsman has a time limit within which a complainant can approach it to lodge his or her complaint. This time limit is usually six to twelve months if a compliant exceed that time limit then the Ombudsman is not left with no option but to reject the compliant. It is pertinent to mention that Ombudsman do not offer advice, and therefore it is important to seek independent advice in order to make an informed decision before lodging a c omplaint with the Ombudsman. It is possible that there may be other alternatives, such as making an application to court or going to a tribunal. It is important ant to not the procedure through which a person may lodge a complaint to the Ombudsman. This is because the procedure used by the Ombudsman to initiate an investigation into a complaint is greatly dependent on which of the various

Collateralized Loan Obligations Essay Example | Topics and Well Written Essays - 1750 words

Collateralized Loan Obligations - Essay Example The shareholders look for the assets which give higher yield and the companies take benefit of low borrowing rates. Collateralized mortgage obligations are same as the overflow marketplace of the predetermined product world. Strong trade of obscure products have helped increase investor’s enthusiasm for leveraged mortgages just as the regulators are cautioning about potentially agitated credit markets (Financial times, 2014). The paper aims at providing the nature of collateralized loan obligations and their role during the time of financial crisis. It will also highlight the changes which has taken place in the regulations to prevent the re-occurring of crisis. Further, the reasons behind the latest growth in the collateralized loan obligations market have also been discussed. Bank are gradually more employing securitization structure of a novel asset known as collateralized loan obligation (CLO) in order to fulfil their financial goals. Collateralized loan obligations allow banks to sell part of huge portfolios of the commercial loans directly in the global capital markets. CLOs provide banks a way of attaining a broad choice of financial objectives, comprising the decrease of regulatory capital needs and requirements, access to a proficient funding base for lending activities, accounting treatment of off-balance sheet, as well as increased liquidity (Kohler, 1998). The rationale behind the formation of collateralized loan obligations was to augment the supply of keen business lenders in order to decrease the price of loans/mortgages to companies and to facilitate banks more frequently to instantly sell loans to the external lenders/investors. This will facilitate providing of money to the business clients and therefore earn price or fee with no risk or little risk towards themselves. A collateralized loan obligation is made of various high risk business loans which are grouped together and sliced into diverse sectors which carry dissimilar credit

Law Essay Example | Topics and Well Written Essays - 1000 words - 3

Law - Essay Example These doctrines are specific performance and partial performance. When and how these doctrines were invoked and why they are rarely ordered in construction cases are the major points to consider in this essay. Doctrine of Specific Performance This doctrine of specific performance is a remedy granted by the court in cases where there is breach of duty or contract committed either by the owner or by the contractor. It is an equitable remedy that compels a party to execute a contract according to the precise terms agreed upon or to execute it substantially so that, under the circumstances, justice will be done between the parties ( Hill, 2005). It is the right of the party to a contract to demand that the defendant (the party who it is claimed breached the contract) be ordered in the judgment to perform the contract. Specific performance may be ordered instead of (or in addition to) a judgment for money if the contract can still be performed, and money cannot sufficiently reward the pla intiff (Ibid). The basis for the grant of this remedy is equity. Doctrine of Partial Performance The doctrine of partial performance is an exception to the requirement prescribed by the Statute of Frauds that any agreement to transfer land must be written and executed. Partial Performance of an oral agreement can render it as a binding contract (Gervais et al, 2010). The essence of this doctrine was that if the plaintiff could show that he or she had acted under the contract - had partly performed the contract - then a court of equity would enforce the contract even though a court of law would not. The doctrine of part performance requires that the plaintiff must be able to show that he or she has made a substantial commitment to the contract so that it would be unconscionable to allow the defence. Note that it must be the acts of the plaintiff. The doctrine is based on the idea of unconscionability generated by the plaintiff's reliance on the existence of a contract. It does not ma tter whether the acts of the defendants clearly show that there is a contract (Heffey et al. 1998). Difference between the two doctrines and their application to construction cases The invocation of Specific Performance is based on a written contract or any agreement entered into by the parties. And non-performance of any provision or stipulation in the contract will make the erring party liable for breach of contract and an action for specific performance will be granted as in the case of Kasten Construction Co. v. Maple Ridge Construction Co. There is no blanket prohibition against a court ordering the equitable relief of specific performance in a case involving breach of a construction contract as held in the case of Granite Broadway Dev.  LLC v. 1711 LLC. However, this doctrine of specific performance is rarely a remedy in construction cases. If a contractor fails to perform or renders defective performance, it is unlikely than the owner will want the court to order the same c ontractor to continue the work. Instead, contract damages are the primary remedy in construction cases (Wanek, nd). The doctrine of partial performance on the other hand is invoked based on the intention of the parties strengthened by the fact that it was partially performed. In Elsberry v. Sexton, the Supreme Court of Florida unequivocally held that part performance is an equitable doctrine only and is not available in actions for damages at

Entrepreneurship 320 Movie Review Example | Topics and Well Written Essays - 250 words

Entrepreneurship 320 - Movie Review Example complete factory that was later named, â€Å"North Shore Soap Factory.† Market gaps were identified, and the products were designed to capture prospective consumers. A spa inspired boutique was established. Product differentiation was undertaken after more original recipes were established. The two founders of the North Shore Soap Factory attribute their success story to the following reasons; Richard Schmelzer realized a potential business empire from an idea generated by his wife Sheri and their kids. The idea relied on decorating shoes with rhinestones and clay charms. Sheri Schmelzer is a witness that entrepreneurial skills can sprout from creativity, timing, and patience. Rich took the business idea and created Jibbitz. The company specializes on producing accessories for Crocs shoes. He attributes the success to timing. His business was defined by the ability to capitalize on ideas no matter how small they appear. Entrepreneurial skills do not necessarily arise from strong business ideas, ideas as small as those of Rich’s wife and kids bear potential success. Jibbitz success story revolves around the spheres of capitalizing on potential business ideas and establishing the appropriate time to capture the existing market trends (Hutt p

Entrepreneurship 320 Movie Review Example | Topics and Well Written Essays - 250 words

Entrepreneurship 320 - Movie Review Example complete factory that was later named, â€Å"North Shore Soap Factory.† Market gaps were identified, and the products were designed to capture prospective consumers. A spa inspired boutique was established. Product differentiation was undertaken after more original recipes were established. The two founders of the North Shore Soap Factory attribute their success story to the following reasons; Richard Schmelzer realized a potential business empire from an idea generated by his wife Sheri and their kids. The idea relied on decorating shoes with rhinestones and clay charms. Sheri Schmelzer is a witness that entrepreneurial skills can sprout from creativity, timing, and patience. Rich took the business idea and created Jibbitz. The company specializes on producing accessories for Crocs shoes. He attributes the success to timing. His business was defined by the ability to capitalize on ideas no matter how small they appear. Entrepreneurial skills do not necessarily arise from strong business ideas, ideas as small as those of Rich’s wife and kids bear potential success. Jibbitz success story revolves around the spheres of capitalizing on potential business ideas and establishing the appropriate time to capture the existing market trends (Hutt p

Nursing Home Care Research Paper Example | Topics and Well Written Essays - 750 words

Nursing Home Care - Research Paper Example Background of study: The residents of nursing homes would in several occasions be sent to hospitals to undergo diagnostic tests or for acute healthcare services. In the year 2000, Carusone, Loeb and Lohfeld (2006) observed that there were about 46% of Americans older than 65 who would be in these nursing homes before death. This is quite a considerable number of the total population. Most of these long term care facility, LCTF residents would be transferred to hospitals to receive acute medical services and undergo diagnostic tests. It should be noted that these people usually would be supported in their daily activities including bathing, eating and toileting among others. Improved technology, fiscal pressures and associated services make it complicated for nursing home residents in hospitals. Similarly, the cost of these transfers has proven to be too high. There has thus been an increase concern if hospitalization services could be provided at these nursing homes. Respiratory trac t infections have been pointed out by Boise and White (2004) as the leading killer among nursing homes as documented in a Canadian study, the reason why pneumonia has been sampled in this study. The findings of this research would therefore enable nurses to advise accordingly when families of nursing home residents seek advice on where to have these persons treated. It would also enable provision of services to the satisfaction of the residents of nursing homes and their families. The purpose of this study was to determine whether in situ care among LTCF residents would give the value much sought by the residents and their families. This was achieved by identifying the experience that participants had with pneumonia and what locus of care would be preferred. The research also sought to find the differences that these participants perceived between hospital-based care and LTCF care and what would be the criteria for good care. Methods of study: In this study, qualitative descriptive study was employed. The participants involved members of families of LTFC residents and the residents themselves who had previously been treated for pneumonia. Members of staff in these nursing homes were asked to follow a pathway of treatment that would help in deciding the locus of care. 20 nursing homes were matched according to their sizes and a member randomly selected from each pair chosen to use the clinical pathway while the counterpart continued with the normal pneumonia diagnosis and treatment procedure. The family members and residents who could not make informed decisions on the locus of treatment were involved in the study’s in-depth interviews. Nurses were charged with the task of inviting participants that remembered their experiences. Participants signed consent before participating in these interviews. The data collected from 14 interviews were then analyzed by use of editing style borrowed from Miller and Crabtree. Results of study: Residents and family memb ers alike preferred that pneumonia be treated in the nursing homes as much as possible. Though the reasons for this were varied, most of them argued that nursing homes provide the much needed attention and care than in hospitals. Both parties agreed that some situations would call for hospitalization such as in cases of broken bones, fainting and operations, but not for any reason whatsoever in cases of pneumonia. The residents preferred

Issues in contemporary management Essay Example | Topics and Well Written Essays - 1500 words

Issues in contemporary management - Essay Example In fact, some economic pundits project that the economy of China may overtake that of the U.S. in the next few decades. However, despite all these good fortunes, research indicates that China has not improved the working conditions for its workers to ensure their satisfaction (FoxNews.com 2012). This is because the government appears not to have enacted adequate laws to protect its labor force from unethical employers if media reports are anything to go by. The country’s media has reported several incidences of labor unrest in many companies in the country, which generally points at poor working conditions and rights violations by employers. For instance, the media has reported several instances of suicidal tendencies by Apple workers according to Green (2012). What is certain is that most workers at Apple resort to suicide when the management is not ready and willing to listen to their grievances and take action. Such behaviors by management can be termed unethical because it shows lack of management’s commitment to the worker’s welfare and well-being (Gayle 2012). This paper will examine the contemporary management issues at Apple in China in light of the high incidences of suicide in the company over the last few years. It is undisputable that Apple products command very high demand in the world. Nevertheless, the working conditions at most of its supply chain appears wanting if the number of suicides and labor unrest being experienced at its supply chains in Chain are anything to go by. For instance, Foxconn Company, one of the main manufacturers of Apple products in China has been making headlines mostly for bad reasons (He 2009). This is because a year hardly passes without labor unrest being reported. Reports indicate that most of the worker’s at Apple supply chains have been protesting through threats of suicide while other go to the extent of not just threatening, but by committing suicide. What is worrying is that the trend has been in place for quite some time now unabated. Ramzy (2012) reports that at least 14 workers committed suicide at Foxconn in the year 2010. However, Qiang (2012) also noted the number has so far risen to 18 following two reported cases of suicide with the last case having been reported on 14 June. However, to make mater worse, the company appears not to have learnt anything from the past suicides that have been committed in the company. This is because Moore (2012) recently reported another mass protest by least 150 Foxconn workers who were threatening to commit mass suicide in the company over poor working conditions in the company. Moore (2012) reported that the workers climbed on the rooftop of the factory in their numbers before threatening suicide. However, the management of the company pleaded with them before being coaxed away. Moore (2012) reveals that the protest began on 2 January 2012 following a move by the managers of Foxconn Company to shift close to 600 employee s to new production lines. However, the managers are reported to have made this move without providing enough training to the workers to be able to handle the new tasks they were being given (Ramzy 2012). In addition, one of the protesters said that as much as this was being done, they were being paid just piecemeal (McGrath 2012). The protesters stated that the salaries they were being offered by the company have made them poorer than they were before since it does not commensurate with the living standards of the

Entrepreneurship 320 Movie Review Example | Topics and Well Written Essays - 250 words

Entrepreneurship 320 - Movie Review Example complete factory that was later named, â€Å"North Shore Soap Factory.† Market gaps were identified, and the products were designed to capture prospective consumers. A spa inspired boutique was established. Product differentiation was undertaken after more original recipes were established. The two founders of the North Shore Soap Factory attribute their success story to the following reasons; Richard Schmelzer realized a potential business empire from an idea generated by his wife Sheri and their kids. The idea relied on decorating shoes with rhinestones and clay charms. Sheri Schmelzer is a witness that entrepreneurial skills can sprout from creativity, timing, and patience. Rich took the business idea and created Jibbitz. The company specializes on producing accessories for Crocs shoes. He attributes the success to timing. His business was defined by the ability to capitalize on ideas no matter how small they appear. Entrepreneurial skills do not necessarily arise from strong business ideas, ideas as small as those of Rich’s wife and kids bear potential success. Jibbitz success story revolves around the spheres of capitalizing on potential business ideas and establishing the appropriate time to capture the existing market trends (Hutt p

Issues in contemporary management Essay Example | Topics and Well Written Essays - 1500 words

Issues in contemporary management - Essay Example In fact, some economic pundits project that the economy of China may overtake that of the U.S. in the next few decades. However, despite all these good fortunes, research indicates that China has not improved the working conditions for its workers to ensure their satisfaction (FoxNews.com 2012). This is because the government appears not to have enacted adequate laws to protect its labor force from unethical employers if media reports are anything to go by. The country’s media has reported several incidences of labor unrest in many companies in the country, which generally points at poor working conditions and rights violations by employers. For instance, the media has reported several instances of suicidal tendencies by Apple workers according to Green (2012). What is certain is that most workers at Apple resort to suicide when the management is not ready and willing to listen to their grievances and take action. Such behaviors by management can be termed unethical because it shows lack of management’s commitment to the worker’s welfare and well-being (Gayle 2012). This paper will examine the contemporary management issues at Apple in China in light of the high incidences of suicide in the company over the last few years. It is undisputable that Apple products command very high demand in the world. Nevertheless, the working conditions at most of its supply chain appears wanting if the number of suicides and labor unrest being experienced at its supply chains in Chain are anything to go by. For instance, Foxconn Company, one of the main manufacturers of Apple products in China has been making headlines mostly for bad reasons (He 2009). This is because a year hardly passes without labor unrest being reported. Reports indicate that most of the worker’s at Apple supply chains have been protesting through threats of suicide while other go to the extent of not just threatening, but by committing suicide. What is worrying is that the trend has been in place for quite some time now unabated. Ramzy (2012) reports that at least 14 workers committed suicide at Foxconn in the year 2010. However, Qiang (2012) also noted the number has so far risen to 18 following two reported cases of suicide with the last case having been reported on 14 June. However, to make mater worse, the company appears not to have learnt anything from the past suicides that have been committed in the company. This is because Moore (2012) recently reported another mass protest by least 150 Foxconn workers who were threatening to commit mass suicide in the company over poor working conditions in the company. Moore (2012) reported that the workers climbed on the rooftop of the factory in their numbers before threatening suicide. However, the management of the company pleaded with them before being coaxed away. Moore (2012) reveals that the protest began on 2 January 2012 following a move by the managers of Foxconn Company to shift close to 600 employee s to new production lines. However, the managers are reported to have made this move without providing enough training to the workers to be able to handle the new tasks they were being given (Ramzy 2012). In addition, one of the protesters said that as much as this was being done, they were being paid just piecemeal (McGrath 2012). The protesters stated that the salaries they were being offered by the company have made them poorer than they were before since it does not commensurate with the living standards of the

Review of related literature Essay Example for Free

Review of related literature Essay CHAPTER II As mentioned earlier, it is indeed a certainty that the journals and books used by the author of this study is much related to the issue being discussed. The said journals are to be introduced herein. One of the basic factors of success in any organizational progress is the art of motivation. However, motivational procedures are not that easy to apply especially if the crowd to be dealt with is not that inclined or cooperative in the progress being implied in a specific organization. According to Martinez, in his book entitled â€Å"Management Theory and Practice†, motivation consists of three basic phases of development: †¢ Examination of the situation Before anything could be started, it is very important to first examine the real situation and how the situation is supposed to be dealt with. This may include an evaluation of the present circumstances and how it could be related to what future results are expected from the program or motivational procedure to be implemented. (Martinez, 121) †¢ Consideration of the Participants. Who are the participants to the program or the procedural approach? This question should be considered upon the formulation of the motivational processes that would be chosen by the administration to be implemented. (Martinez, 15) †¢ Application of Procedures After evaluating the situation and determining the people who would be involved in the programs, the application of the formulated procedures could already be commenced in a planned way. In this manner considerably fine results could be expected upon completion of the procedures. (Martinez, 16) Through the constant observation of the completion of the said phases, program procedures could be expected to become successful. The presence of the processes mentioned in here could determine the success of any applied motivational procedures by any business administration or even educational institutions at that. Meanwhile, Don Dinkmeyer in his book entitled â€Å"Leadership by Encouragement† stresses about the importance of encouragement in becoming a good leader. He says that: â€Å"the main aim of leaders is to help their colleagues progress for themselves and the organization they work as well† (Dinkmeyer, 41). Hence, this means that among the important factors that each person within an organization should consider is the fact that they need to be leaders in their own ways and encourage their co-workers to progress in a way by which the organization and they themselves could benefit much. Dinkmeyer further adds, â€Å"there are necessary factors to consider in being a fine leader of encouragement† (44). Here are some of the suggested factors of concern in Dinkmeyer’s book: †¢ As a leader, a considerable act of control is needed; however, concern for colleagues is also a character necessary for leaders to have. (18) †¢ Motivating people for further self progress and organizational benefit is one of the leader’s most important functions in a team. Hence, this skill should be enhanced and considered a major work for leaders. (19,20) †¢ Empathy for other colleagues concern in the motivational program should be applied. Yes, being able to understand how others feel about the progress procedures should be considered by the leaders. This way they are able to take the challenge of dealing with people’s reactions towards the program and be able to motivate them to take the progressive procedures as well. (25) Yes, by being able to become an ideal leader, a person could be able to encourage other people around him to be able become mote progressive in their own ways. One of the basic reasons why this study has been commenced is the fact that the motivational processes are highly concerned with language classrooms, specifically ESL classes. In this regard, Zoltan Dornyei talks about specific factors of concern especially on the part of the educators when they are dealing with their students. Here are some of the suggestions he mentions: †¢ Be leaders and become role models in class. As the educators show their enthusiasm in teaching, the students too are able to have encouragement to learn the language with enthusiasm as well. †¢ Make the Classroom Environment Lively This could include the ability of the educators to encourage their students to speak out their ideas and their thoughts regarding the issues being discussed which should be of interest to the students depending on their age and their races. This would allow the students understand the language they are trying to learn while enjoying sharing their thoughts at the same time. †¢ Be Open to Suggestions from Students The fact that the students also want to have exposure to the language at a certain level, the educators should consider hearing what they want form the class to be able to help them participate more during discussions. This way, they could become more progressive with their studies as the classes continue. With regards to the direct worker motivation processes, Abraham Maslow has something to say about the theories of motivation that could be utilized in encouraging the people to work hard not only for their own good but for the good of their organization as well. According to him, there are necessary physiological needs of the workers that must be provided by the organizations to be able to get the best out of their employees. Among the breakdown of his hierarchy of needs of employees are three major points of consideration: †¢ Needs of self-actualization As an intrinsic motivation, this factor of concern is directed to an employee’s ability understand that he is of some worth to the organization he is working for. †¢ Preconditions for the basic satisfaction. Also considered as an intrinsic motivation, this concept of encouraging the employees involves the satisfactory aspects of the employees within themselves due to the work they are doing. †¢ Desires to know and understand One of the important factors of self satisfaction is one’s ability to learn more as an additional knowledge to for themselves from their jobs. True, this factor of consideration in motivating the employees helps a lot in making them realize that they have certain benefit form the work they are engaged with. Thus they are motivated to work even better to be able to gain their benefit from their company. On the other hand, Frederick Herzberg talks about external motivation that has to be implied to be able to encourage employees to work at their best. Among the said extrinsic aspects of motivation are : †¢ Achievements †¢ Recognition †¢ Growth and Advancement †¢ Interest in the Job These four factors of consideration helps the employee realize that their abilities are appreciated by their organization and are used as a reason for other’s to follow their work ethics and attitudes. With the use of these suggestions, it could be expected that the classroom procedures would become more productive and more progressive for the capability of the students to use the English Language more effectively. Hence, the programs of learning would be more effective and practical for more and more students who are interested to take the ESL courses that the learning institutions offer. With the utilization of the literatures mentioned herein, the discussion of the issue being tackled in this paper shall be continued towards its completion. CHAPTER III Discussions An ample amount of motivation in the Toronto ESL program offerings have resulted in considerable successful final products. However, the question here is, how much motivation did it take before the educators were convinced to take on the challenges of teaching other races with the ESL programs that has been formulated for the different institutions to include in their learning programs? Certainly, motivating people to take on the challenges of change is not an easy task. According to Andrew Duffy’s report on Canadian learning institutions, Canada’s failing of a number of students who are studying in the said country has been due to the fact that the seriousness upon the program that the students are ought to learn has not been realized much by the students themselves. As a result, educators handling this type of situation also loose their enthusiasm upon the application of the program, which they ought to offer to their students. This situation then called for much motivational processes on the part of the administrators of the learning institutions. The Motivational Procedures Specifically focusing on the institutions in Toronto, Canada, it has been reported that the staffing of ESL teachers has been increased in a matter of time to be able to support the existing teaching force with the other educators that are needed to attend the needs of the students in Toronto. Notifying the educators on how to specifically help the students realize what they have to learn about their chosen courses have made so much difference for the reports which were once reported about Toronto. The Toronto Star reports that in a nationwide survey of some 9,000 high school dropouts in Canada, â€Å"three out of every 10 dropouts leave school because of boredom. † Good grades are no indicator that students will stay in school, as over 30 percent of those surveyed had high marks. Jim Livermore, vice president of the Ontario Secondary School Teachers’ Federation was not surprised. He stated: â€Å"Boredom is more of a factor today than it was 20 years ago because of television. To interest kids everything today has to be glitzy, high tech and showy. † Mr. Livermore feels that some of the brightest minds are not being challenged in school. He added that the â€Å"old way of teaching doesn’t work any more. Rather than lecture-style teaching, we have to get students more involved in learning. † Hence, it has been added in the motivational procedures the educators need to be educate themselves. This education includes teaching strategy enhancement as well as informing the teachers on the real need of the country of having English Speaking citizens. It has been stressed out that the production of students who are able to speak professional business English gives the country a greater chance of being globally competitive, as their employees become world class. Hence, the educators were able to realize the need for the said program. As a result, the educators were motivated to continuously assist their students to becoming highly competent when it comes to using the English language in a professional level. Results of Motivation After the motivational procedures have been implemented, fine results have been received by several Toronto learning institutions. Yes, the application of the learned strategies through the motivational programs, which were commenced, proved to be productive and successful for the students who were able to realize the need for them to progress on their own way. Certainly, it has been observed that much of the motivational tactics that the administrations used for these programs were indeed effective. The motivation that the teachers were able to gain during the training programs has directly affected the way the students view their need to learn their subjects. The fact that the teachers realized the need for the program in their place, the programs became much productive, able to give the students the ample training they need to be able to become competent enough in the usage of the English language. This then helps the Canadian employers to be more at ease as they hire students who were produced by the Toronto learning institutes. STUDENT COMPETENCY RESULTS The existence of fine educator skills, excellent learning environment, and constant encouragement form educators have been able to result to several considerable results on the part of the English speaking skills of the students. The competency of the educators has driven the students to learn more and apply the subjects they have learned to their own everyday lives. It has been more often than not the students were motivated to learn more everyday as they see the enthusiasm from their teachers to help them learn the language and apply the language in their daily activities. The confidence among individual students has also been developed through the educating programs. The process of learning for the students became more accommodating and progressive as it gave attention to their needs and gave importance to their development not only as English speakers but as individuals living in Canada as well. CHAPTER 4 Overall Situational Assessment. With the details of ESL development programs in Canada, specifically in Toronto, listed in this paper, it shows how much motivational procedures aimed towards the educators could contribute so much on the way the students progress in their studies. The effectiveness of the curriculum of English learning offered in institutions of education is highly based upon the enthusiasm of the educators to handle their classes while being able to meet the needs of each of their students. Indeed, teaching students with so much diversity among them is a great challenge to any educator in the learning industry. The consequences though of ample training and motivation with regards to the teaching strategies used by the educators is indeed fruitful and beneficial on the part of the students and the economic growth of the country basing from the competency of the employees produced by the institutions, regardless of the fact that they are native English speakers or not. In this manner, the certainties of the employers on the new graduates of learning institutions become stronger and the results of the job done by these students are much globally competitive as they re able to use the English language in professional applications. Chapter 5 Conclusion From the study that has been presented herein, it is obvious that the situation of organizations is constantly changeable. Most likely, the focus is to continuously make possibilities for changes. TO be effective in facing company challenges in facing grievances and demands of the employees within a certain organization, it is indeed advisable for the human resource management to take necessary steps in creating strategic structure of Human Resources Department Organization. This means that as the HR faces so much turmoil in managing people, the whole body of the HRD should be subdivided into several parts who would be in charged in facing only specific details on the organization’s internal affairs. In this way, the responsibilities would be distributed and the issues would be more focused upon by personnels who are more experienced on the matter at concern. As for example, a certain group within the HRD would be in charged in salary and payment grievances, another on benefits, then another on finances and so on and so forth. Having this structural design of organization would ease the troubles of the Human Resources Department in facing company issues, all at the same time. Surely, the decisions that would be made in this manner would be more thought about and in turn, would become more effective and practical as well. As years continue to progress, employees of organizations become more and more demanding. Because of this, the Human Resource Department is faced with more and more problems, which they are expected to fix. True, the challenges for the HRD continuously grows and as an answer to this, the HR. should also consider continuous development in terms of effective practices in facing issues. Indeed, the Human Resources Management has the most complex and complicated work in an organization. Yet, by the use of strategic approach in facing issues, the Human Resources Management would be able to survive the struggles and emerge victorious in bringing the organizations to prosperous status. BIBLIOGRAPHY Internet Journal Sources: The Community Social Planning Council of Toronto. (2005). Community Voices, Perspectives and Priorities. http://72. 14. 253. 104/search? q=cache:LHaAxJemZSoJ:www. inclusivecities. ca/publication/reports/Toronto-ICC-Report. pdf+ESL+in+Toronto+Canada+reportshl=tlgl=phct=clnkcd=6. (November 7, 2007). The 2003 Atkinson Fellowship In Public Policy. (2003). Class Struggles: Public Education and the New Canadian. http://www. atkinsonfoundation. ca/files/Duffyrev. pdf. (November 7, 2007). A. H. Maslow. (1943). A Theory of Human Motivation. http://www. advancedhiring. com/docs/theory_of_human_motivation. pdf. (November 7, 2007). Frederick Herzberg. (2006). Human Relations Contributors. http://www. accel-team. com/human_relations/hrels_05_herzberg. html. (November 7, 2007). Books: Don Dinkmeyer. (1995). Leadership By Encouragement. CRC Publishing Company. Zoltan Dornyei. (2001). Motivational Strategies in the Language Classroom. Cambridge University Press. Lewis E. Losoncy.(2003). The Motivating Team Leader. DC Press. Barbara Burnaby. (1992). Socio-Political Aspects of ESL in Canada. Ontario Institute for Studies in Education. JoAnn Phillion. (2002). Narrative Inquiry in a Multicultural Landscape: Multicultural Teaching and Learning (Issues in Curriculum Theory, Policy, and Research). Ablex Publishing. Devon Woods. (1996). Teacher Cognition in Language Teaching: Beliefs, Decision-Making and Classroom Practice (Cambridge Applied Linguistics). Cambridge University Press. Craig Chaudron. (1998). Second Language Classrooms: Research on Teaching and Learning (Cambridge Applied Linguistics). Cambridge University Press. HYBELS. (2003). Communicating Effectively. McGraw-Hill Humanities/Social Sciences/Languages Jere Brophy. (2004). Motivating Students to Learn (2nd Edition). Lawrence Erlbaum Associates; 2nd edition. Irene M. A. Henley. (2004). Aviation Education and Training: Adult Learning Principles and Teaching Strategies. Ashgate Publishing Company. Ken Hultman. (2001). Balancing Individual and Organizational Values: Walking the Tightrope to Success. Pfeiffer; 1st edition. Ezdras Martinez. (1990). Management Theory and Practice. Rex Book Publishing Manila.

Strategic Company Overview of Wimm-Bill-Dann

Strategic Company Overview of Wimm-Bill-Dann The objectives of a business are to achieve growth, become profitable and to satisfy the customers needs. Many businesses have not optimally achieved this but Wimm-Bill-Dann has utilized their strategies in achieving a significant growth and this has been through mergers and acquisitions. Company overview Wimm-Bill-Dann is a Russian company that deals with dairy products, nectars, fruit juices and baby food. It is a market leader across the Russian territory with its bestsellers, J-7 juice and agusha baby food. Its market extends from Russia, former soviet republics and 10 other countries all with more than 280 million consumers. Wimm-Bill-Dann has 37 plants in Russia, Ukraine, Georgia and central Asia. The company mission is ensuring that families live a healthy life by enjoying the companys nutritious products each day throughout their entire lifespan. The company has several committees whose aim is to ensure that the companys objectives are achieved. These committees include audit committee, investment and strategic planning committee and personnel and compensation committee. The audit committees goals and objectives are to assist the board of directors in carrying their responsibility in matters concerning preparation of financial statements, ensuring that there is an effective internal control, ensuring liaising and working with internal auditors and keeping with the requirements of legislative and normative acts. The audit committee may meet once per quarter fiscal year. The investment and strategic planning committee assists the directors in approving and carrying out its responsibility concerning mergers and acquisitions, strategic planning and investment programs. The committee meets not less than once in each quarter of a fiscal year. The personnel and compensation committee assist in the selection of the board of directors and help in the formulation and implementing of uniform personnel policy in all of its branches, personnel appraisal, training policy, dismissal of employees, remuneration and compensation policy and corporate ethics. The company is committed to the principles of transparency and corporate governance that is excellent. The corporate governance strength include high level of shareholder arrangement transparency, commitment to the practice of good corporate governance and the statement of the corporate governance code, being open to the investors where high level of financial and operational transparency is maintained and the presence of an effective and efficient oversight mechanism for the internal and external audit process. Financial strategies The company has solid financial strategies which ensure that it maintains financial stability and growth as depicted by its results. One of the company strategies in raising finances to fund its ambitious objective of acquisitions is the placing of bonds. The recent placing of bonds by the company was on 15th march 2008 with Moscow inter-bank currency exchange and this attracted a large number of investors. This attraction of many investors shows the great trust investors have with the company. The company financial results show that it has been on the growth phase. The results are analysed quarterly from 3 months of 2007 to 3 months of 2008.This is shown in the table below. 3 Months of 2007 6months of 2007 9 months of 2007 Financial year 2007 3 months of 2008 Gross sales rose 40.1% year-on-year to US$542.8 million rose 40.5% year-on-year to US$1,142.8 million rose 40.4% year-on-year to US$1,758.3 million 38.4% growth to US$2,438.3 million rose 34.8% year-on-year to US$731.9 million Gross profit increased 53.3% with gross margins increasing to 32.0% from 29.3% increased 48.8% to US$377.8 million increased 43.4% to US$578.4 million increased 26.2% to US$219.5 million increased 26.2% to US$219.5 million Operating income income increased 73.1% to US$51.4 million rose 44.3% to US$108.4 million rose 30.2% to US$168.3 million rose 24.5% to US$214.0 million increased 23.2% to US$63.4 million net income increased 84.8% to US$32.1 million increased 40.8% to US$65.8 million rose 30.2% to US$168.3 million increased 29.0% to US$140.0 million EBTDA increased 58.8% to US$70.4 million, EBITDA margin1 increased to 13.0% from 11.4% increased 40.3% to US$147.2 million increased 30.9% to US$229.4 million increased 29.0% to US$90.7 million increased 29.0% to US$90.7 million Earning per Share grew to US$2.40 from US$1.50 grew to US$3.18 from US$2.17 increased 30.6% to US$41.9 million The company profit has been growing at a high rate and this shows that there is an increase in sales of the products of the company and hence the business has managed to achieve one of the objectives of becoming profitable. We also see that earning per share is on the increase and this proves that the capital base of the company is on an increasing trend and so the investors are reaping from their investment. Diversification and acquisition strategy of Wimm-Bill-Dann Diversification of products involves manufacture and the sale of different line of products. This is important in reducing risks in an organization as risks will be spread within different portfolios. In order to expand and get hold of its market, Wimm-Bill-Dann has effectively used the merger and acquisition strategy to expand its business. The company has different range of products from milk products, bottled water and different kind of juice which provide its customers with a wide choice of products to purchase. One of the greatest acquisitions by Wimm-Bill-Dann is the acquisition of 95% stake in Depsona ZAO which is a leading Tula based juice and concentrates plant worth 34 million USA dollars. After this acquisition, Wimm-Bill-Dann placed itself strategically as a major fruit juice and concentrate producer in central Russia. The acquisition has given Wimm-Bill-Dann a chance to access locally grown raw material hence minimizing production cost. Depsona products were under three brands which are Depsona, Fructopak and limbo. The factory is use to produce Wimm-Bill-Dann brands national brands and act as a distribution hub for them. On September 2006, Wimm-Bill-Dann Foods announced 100% acquisition of charter capital of Surgut city Dairy plant of Russia which was the largest milk processing plant in the region. The acquisition has enabled Wimm-Bill-Damm to be a leading company and to expand its market of Ural and Siberia. This acquisition has enabled the company to reduce the expenditure on logistics since there is reduced need for transporting products within different regions. Wimm-Bill-Dann now produces under its own brand at Surgut dairy. On September 2003, Will-Bill-Dann food announced the acquisition of an additional 47.7% of the equity capital of Ufamolagroprom hence increasing its total shareholding to 97%. Ufamolagroprom is the largest plant for the processing and production of dairy products in the republic of Bashkortostan. Originally the plant had a capacity of production of 240 tons of processed milk but now it has a capacity of 600 tons. The plant produce is sold under well-known Russian brands such as happy milk man, doctor Bifi and wonder. The brands distinct and attractive packaging gives it an upper hand in the market. In October 2007, Wimm-Bill-Dann acquired Georgian foods ltd which is based in Tbilisi, Georgia. This is in the companys strategy of growing its business by purchase of high performing companies with strong brand portfolio and having a large market size. Georgia food is one of the largest dairy producers in Georgia. This will enable the company to serve local demand of Georgia and supply the products to the adjacent market of Armenia and Azerbaijan. In September 2003, Wimm-Bill-Dann acquired Essentuki water production and bottling facilities. The company acquired OOOHealing spring which produces Essentuki brand mineral water and OOOGeyser, owner of Essentuki water wells. The transaction was worth 4 million US dollars. This resulted in the manufacturing facility of Wimm-Bill-Dann to be 24. Through this acquisition, the company has been able to provide its customer with highest quality goods as per its strategy in ensuring that the customer needs are satisfied. In 2006, Wimm-Bill-Dann announced the acquisition of Molka Company in Russias Irkutsk region, one of the largest companies that processes milk in eastern Siberia. The purchase of Molka allows Wimm-Bill-Dann to expand into the Siberian market. The companys presence in Irkutsk allows the company to reduce the expenditure incurred during the transportation of the products. Risk management strategy The company has several risks which it faces whilst in operation. Currency risk is one of the risks that the company faces as most of its sales are in Rubles, while bulk cost is in hard currency. Operational risks which occur when there is a disruption of raw material supply and increase in the price of raw milk. Competition risk is one of the biggest risk the company faces. The Russian economy is growing in two digit figure and due to this it has attracted the attention of both domestic and international competitors. International companies have offered the greatest challenge to the company because of their strong financial strength, they have well experienced, motivated and well learned human resource pool, strong management information system which include very modern management information system which is superior than those found in Wimm-Bill-Dann and marketing capability from these company that have a worldwide presence such as Coca-Cola company. There are several international companies which compete with WIMM-Bill-Dann, the top companies being Coca-Cola Company, Nestle and Danone. Coca cola is the largest soft drink company in the world. It owns four of the five world top brands which include Fanta, Coca-Cola, Sprite and Diet Coke. The company has worldwide recognition due to its high quality and uniformity in taste. It also has a very strong financial base and so it can easily expand to any territory in the world. Due to this, it has provided the greatest competition to soft drink segment of Wimm-Bill-Dann as most of the people have trust in its products. The company also has many franchise and high powered advertisements which are superior to wimm-bill-dann and hence offer a great competition. Nestle is the world largest food company in term of production and sales. It is also one of the largest bottled water makers, equipment for surgery and cosmetics. This company has a worldwide presence and its brands are highly respected around the world. The company has a strong financial background, good marketing strategies which provide it with a great opportunity to penetrate any market. This company has provided Wimm-Bill-Dann Company with big competition especially in the food manufacturing segment as it has penetrated Russian market Danone is one of the largest dairy food and water producers in the world. It is a world largest company producing cultured dairy products. This is the largest competitor to Wimm-Bill-Dann in the production of milk products as it has penetrated the Russian market. Human resource strategy The company has a well formulated human resources policy which ensures that the employees are highly motivated to ensure that they are productive. The company has formulated human resources strategy that is in line with those that directly deal with expanding through acquisition. The company has a policy which ensures that labour regulations are strictly followed and that all documents relating to labour law are maintained. The company ensures that the process of recruitment are fair and transparent in which there is no discrimination against sex ,age ,race or any prejudice against anyone. The company has a policy in which it ensures that employees are well compensated for their work and that they are offered good remuneration which will motivate them to perform well since people are an important entity in any organization. Staffing according to human resources strategy follows demand and supply of labour. The company has made several high level appointments recently. For example in Moscow may 12 2008,the company announced the appointment of Dmitry Ivanov as the chief financial officers who has 17 years of experience in financial field. Business strategy of Wimm-Bill-Dann The company has excellently utilized its business strategy in ensuring that it leads in the market in terms of business .Before merging, water business was run separately with its own finance and marketing departments, workforce and distribution network. Merging enabled the company to reduce the cost involved in administration, selling and distribution expenses. This will allow the company to enjoy the economies of scale in terms of transportation and distributorship. Also to reduce the overall cost, the dairy business was restructured so that all the transactions are directed from a central point where there is the overall management. In order to increase the output of milk, the company built a mega farm complex near St Petersberg. The farm has more than 1200 milking cows. Information system strategy The company has a modern information system strategy which ensures that work in the company is well organized and made easier. The company uses Oracle, a provider of enterprise software. This project covers all the key areas of the corporate activity which include marketing, finance, distribution, logistics and distribution at all of the companys enterprises in Russia. These processes assist in quick and effective management decision and ensure that they are successfully completed. New ERP system assists in the finance department especially in accounting reporting in both Russian standards and international standards. Marketing strategy The company has a well-developed market strategy which has enabled it to perform well in Russia. It has different brands and through this, it provides the consumer with a wide choice. Through vigorous advertisement, it has been able to capture the attention of many customers in Russia and other part of Russia. After acquisition of different companies, it has maintained the original brand names and packaging. This is important as it will maintain the old customer for the brands of the acquired company. Strategies that should be put to ensure that the company achieves further growth Marketing strategy Although the company has a solid marketing strategy but it has to put more effort in having access to the global market. It should put more effort in promotion of its products to other parts of the world that it has not accessed the market. It should explore potential market such as countries in Africa. The Company should borrow ideas from the strategies set by the Coca Cola Company. The company should also consider operating under franchise system in ensuring that its products are well distributed to the market. The company should increase the number and variety of products and through this, the company will provide its customer with a choice of products to choose from. The company should ensure that its branding and packaging are of high standard and should change with customers change in taste and fashion. The company should consider using marketing tools such as swot analysis in ensuring that it maintains its control of Russian market and as a mean to survive in an environment that has stiff competition. Information system strategy Although the company has an efficient management information system such as ERP accounting software, it should consider using more than one software when performing a given task. It should look for a way in which the systems are integrated. This is to ensure that efficiency is maintained and the work done is accurate. This will also ensure that fraud activities are minimized. Merger and acquisition strategy The company should maintain its strategy in merging and acquiring other companies. It should consider buying stakes in competing companies to reduce the effect of stiff competition from major multinational companies. For example it would be wise if they considered buying some stakes in the Coca Cola Company. Through this, it will borrow some ideas and skills concerning the businesses and hence improve on its performance. The company should acquire more companies in the markets in which it has not ventured. For example; it should buy companies in African countries such as those in South Africa. Human resources strategy It is people who make an organization to grow. To ensure that it has a rich pool of human resources, it should consider efficient training for workers to keep them updated on new skills so that the company can keep pace with other major multinational company in terms of human resources. The company should also increase the number of university fresh graduates who are undergoing management training. This is important in that it will gain new skills and different ideas from these graduates and this will assist the company in growth. Conclusion Will-Bill-Dann is a promising company with one of the best strategies. Its acquisition strategy has made the company to have good reputation and respect. Through its hardwork and well thought policies, the company is fast growing into one of the largest multinational companies. Through this, the company acts as a role model for other companies to emulate it.

Biblical Creationism versus Scientific Origin Essay -- Science Religio

Commonly, religious discussion turns to the subject of origins. There are two reasons for this: firstly, there are those with a literal or semi-literal interpretation of the Bible (or other relevant holy book) who remain convinced that the world was created in the recent past looking more or less as it does today. Obviously, this issue must be resolved before the existence or nature of the deity can even begin to be discussed! Secondly, even those with the more common, nonliteral interpretation of the creation story often use arguments that aren't valid to insist on direct interference by a deity at one or more points in the past. And while thanks to its flexibility this "tinkering" God theory cannot be ruled out to the same degree as literal interpretation story potentially can, its proponents should still be aware that there's little justification from the evidence for it, and that the majority of the story of our origins can now be explained in a secular manner. The basic idea: scientific knowledge, as we know it, is not incompatible with a creator. But it most certainly does not require one. I think it would be prudent to define a few terms first. Evolution: The change in life over long time scales by descent with modification through natural selection, except when used in astronomical context (where it refers to slow changes in stars and galaxies.) Creationism: Specifically, I use this to mean Christian young-earth creationism; the belief that Earth was created in 6 literal days as written in Genesis 1. Taxon: a division of life: kingdom, phylum, class, species, etc, or an example of such a division (Animals, Chordates, Mammals, Humans, etc) Geological Epochs: Precambrian (4500-545 Mya): Primordial epoch; from th... ...by not giving it an opportunity to form crystals. Once an opportunity occurs, the water will almost instantly transform into ice, perhaps shattering the container it is contained within as it expands. Something like this happens, but at the quantum level, rather than the chemical bond level: in this case, the so-called strong nuclear force separates from the electromagnetic and weak nuclear forces (all three had formerly been the same entity), causing space to exert a fantastically powerful repulsive force that inflates the universe by a factor of about 10^20 in about 10^-32 seconds. This force then dies off, leaving the universe to expand at a roughly constant rate through the present day. That's the outline of the theory, and it agrees very well with the observations above. You're free to form your own philosophical interpretation of the origin of the universe.

Effect of African Americans on World War II Essay -- segregation and di

Throughout history, many groups have been segregated at one point or another. These groups included Native Americans, Jews, and many many more. Some groups accepted their fate, while others fought to prove who they really were. Really overall, African-Americans at the time of World War II were one of the most segregated and oppressed groups of all time. However, instead of accepting their fate, they chose to prove who they were and are through fighting and other means, such as demonstrations. African-Americans helped in World War II through the 761st Tank Battalion, the Tuskegee Airmen, and other actions off the frontline. Before World War II, although Abraham Lincoln had spoken the Emancipation Proclamation in 1863 and the U.S. had gone through the Civil War around 1861, not much had significantly changed for African-Americans. Really nothing changed for African-Americans until much later, around the 1960s, when schools legally had to integrate African-Americans and whites. In relation to other events, World War II began in 1939, Jackie Robinson started on first base in 1947, and Rosa Parks was arrested in 1961. Therefore, at the time leading up to and shortly before World War II, there was not much effective action in terms of equal rights for all races. However, as seen here, after World War II, equality between races became a very prominent, pressing issue. This can partially be traced back to the effect of African-Americans in World War II. One of the first groups that come to mind when people think of African-Americans in World War II is the Tuskegee Airmen. The Tuskegee Airmen were a group of all African-American fighters who led the charge for equal rights of all races in World War II. They were the first African-Americans... ...en â€Å"Training for War â€Å"War Record This website is reliable because it is the website of a commemorative Red Tail group that honors the Tuskegee Airmen. â€Å"Women In Military Service For America Memorial.† Women In Military Service For America Memorial. Accessed March 30, 2014. http://www.womensmemorial.org/Education/BBH1998.html.#4. This website is reliable because it is a website made to educate and teach about women in the military.

With whom does responsibility for the Holocaust ultimately lie?

The Holocaust was a shameful display of the exploitation of power to cause great pain and suffering to many. An operation of that magnitude could not have been controlled and implemented by one individual. There are many parties which were involved with Germany and need to be considered when determining where ultimate responsibility lies. Hitler did as early as 1935 make his feelings about the Jewish race clear by making his anti-Semitism public policy in the Nuremburg Race laws. But aside from in â€Å"Mein Kampf†, Hitler made little indication until the last minute that he had given approval for the extermination program, ( even Mein Kampf is not that reliable, because it was written by a young man imprisoned for his beliefs, and he was bound to exaggerate to get his message across and to raise sales profits ). He seems to have kept out of the actual planning and implementation of the killing process, leaving that in the more than capable hands of the Nazi officials, including Himmler, Frank and Heydrich. Many of the ideas such as Ghettos and mass transportation were left under their control, for them to act on their own innitiative. Although he was seen by the public as heavily involved with politics and decision making for Germany, it has since been revealed that Hitler spent a large part of his day relaxing at home, and was often happy to sign papers after only a brief glance. After the virulence shown in â€Å"Operation Barbarossa† towards the Russian Jews, Hitler in speeches tried to convince the public that a good solution had been found to ‘the jewish problem' and should be continued throughout the rest of Europe, hiding the intensity of the mass genocide going on in the country next door to them. He also reffered to the transits as ‘resettlements' for â€Å"appropriate labour duties†, which made the program seem more civilised. Amongst the Nazi leaders, talk was rarely directly about the actual business of the â€Å"final solution† agenda, reffering as Hitler did to program as of â€Å"legalised removal† and â€Å"resettlement†. But it was reported at the trial of Eichmann in 1960 that within private meetings the â€Å"talk was of killing, elimination and liquidation†. Obviously the top officials like Himmler and Heydrich didn't want to give the public the impression that they were intently malicious, but it is clear that they did not have reservations about ordering the police, Wehrmacht and S. S. to carry out there instructions. Himmler was able to directly comit the 800 000 strong S. S. to the tasks of operating the death camps, and so needed no other authority. Most of them believed that they were just doing their duty for Germany and could contently do their tasks without moral objections. Other leaders like Goebbels were passionately anti-semitic and outright about it, but Goebbels with all of his propaganda experience probably conveyed it tactfully. At the Nuremburg trials, many leaders tried to claim ignorance of the program however preposterous that may seem after looking at the evidence, but there is little actual proof of their actions, so there is not much firm indication to support the claims of their responsibility. The earlier T-4 ( euthanasia program ) had been in effect a development program for the search for efficient means of large and refined killings. Some officials such as Bouhler and Brack had been largely involved with T-4 and were able to pass on their extensive knowledge, and implement it in death camps like Treblinka and Belzec. T-4 also demonstrated that mass killings could be carried out by ordinary individuals without hesitation. Having said this, it would be eminently hard to prove that anyone involved with T-4 could have known that their methods would be used to wipeout a race, a process significantly larger and more important (to them) than what they were originally doing. The German army and police were undoubtedly involved to some extent in the program because of the logistics of the operation, but it would be unfair to try to blame them entirely for what they were doing. Some tried to keep a clear conscience by thinking of their victims as â€Å"not men but monkeys in human form†. But on the whole they were just following their orders and doing their jobs. A lot of the German people had, before Hitler came to power in 1933, been Anti-Semitic in varying degrees. Hitler only had to play on their feelings, making his policies reflect what the people wanted to hear. High ranking people, in the civil service, Army and churches, were among the Anti-Semitic thinkers. Prostestants in Germany had for a long time been Anti-Semitic since the time of Martin Luther and the Reformation in Europe. Some policies were frowned upon and met limited opposition, the Catholic church against euthanasia for example, but the actual ‘Holocaust' was affected very little by public protest. The public were often made aware of what was happening to the Jews by allied radio broadcasts, leaflet drops and stories brought home by soldiers who had been on the Russian front. But to many these were just rumours and not taken seriously. Everyone involved with the holocaust was each partly to blame. Hitler was the driving force behind most Nazi policies, but not many were his own. He was blamed by the German people, to forget their own responsibility. Himmler and Heydrich came up with and implemented many plans themselves, and were valuable to Hitler to keep his regime going. There was not enough opposition to earlier programs such as T-4 to stem the violence then, and it spiralled out of control. General public opinion, and even whole national organisations opinions, were too well established in their dislike of Jews to be changed even by mass violence. If it had been changed against Hitler's regime, there would not have been sufficient power to do what the regime achieved.