Saturday, June 27, 2020

Studying The Pollution In The Banking System Finance Essay - Free Essay Example

The $100 billion question shows that a several big issues, which are being debate all over the time after a great depression. The pollution in the banking system resulted a lot of serious social cost and the governments are trying to tackling them by different ways. In fact, there is too hard to find perfect solution for this issue. The cost of the banking pollution is the systemic risk, which is often ignoring by the banks and financial institutions. The systemic risk is being ignored because of the natural humanity of the people. People always more concern about the private benefit and the private cost of themselves. The bankers are not the exception. They only see the benefit and the risk inside their banks, and never concern about the systemic risk because if they do so, they will think about what is the benefit for them. Therefore, the governments have to act as the role to sort it out. The banking crisis is the retribution to the banks for generated the banking poll ution through those products and financial services. But unfortunately, problem had become the social cost and encumbered the innocent public. Nowadays, there are still have some of the people believe that market is always get it right because people usually rely on price and market sort everything out most of the time. They believe that the market is self-correcting, self-policing, and self-regulating. The invisible hand, is means by the self-regulating nature of the marketplace and it is the metaphor coined by the economist, Adam Smith. But, in fact, according to several of the real life market crisis, it seems like it doesnt always get it right. The market is not self-correcting, and we can see this point through the events of banks are not lending money to other banks the other consumers because they scare to take risk after the subprime crisis. The market doesnt get it right when there are externalities, which create the social cost that generated by the impact of an individ uals action to the innocent public. Sometimes, in the normal market system, something is affected but is not accounted on and consequently generated the social cost. Therefore, market cannot predict explicitly when disaster will happen in the market. By the reason of the market didnt realise the systemic risk, so they were keep doing that in a wrong way because they dont know it will going to harm the whole system. Therefore, the collective of the systemic risk create the banking bubble and the creator of the precedent might be the mortgage backed securities and the over lending bank. It was a triple A rating security and people feel safe to hold it and enjoyed the return that its paid whereas, the bankers over lending the loan in order to get more profit as they could, but they neglected to set aside of sufficient capital to reserve for the risk management. Hence, people got shock when subprime crisis exploded and most of them unable to survive in the climate change. The government regulatory should be balanced with the free market. The regulator should increase the capital requirement in the bank to overcome the lack of trust existing between the banks in order to achieve a greater balance government regulatory actions and the free market. Furthermore, the government should let the market sort it out by itself. Normally, people prefer the market sort it out by organizing the price system, but if we dont know what the price should be. If there is a small amount of extra pollution, then just dont produce any more than that. The social cost that generated by the banking by the banking pollutant should be mitigated. The government is the one, who responsible to consider the public benefit. Moreover, it plays a vital role in the regulation of banking system and securities that ensure the markets keep moving on. Therefore, government should step in to mitigate the problems that created by the banking system because it is the critical factor that to overcome the crisis with the market. There is too much pollution in the market and those pollution is immeasurable. Nowadays, the demand of the people is too much, so the bank took more risk to create more products to fulfil the customer demands and consequently make the banking system become more complicated. So, the intervention of government can stop them to avoid the increase in the systemic risk. But the Basel II, seem to be unuseful, because it set the level for the capital requirement is too low. Due to the lesser capital that set aside in the banks, the bank unable to cover the loss during crisis, because they are totally run out of fund. So, the government bailed out the bank to avoid the whole system break down, because if one of the banks is fail, the others will fail too. There is an interdependent relationship between the banks. If the bank fails, it will cumbrance the other bank too. Now, the Basel III has just came out, it is improved the regulations with the higher capital requi rement, stronger risk management strategic, and so on. The risk in the market is measurable whereas the uncertainty is cannot be measured. The example of the risk in the market is credit risk, liquidity risk, operational risk, and so on. Instead, the uncertainty is bigger, it may be has more serious effect to the market than the risk. For instance, the climate change for the market is uncertainty, because nobody knows when it going to happen and it always result in an enormous cost to the public. The systemic risk is the highly complexity and uncertainty, and it drove most of the crisis. Therefore, governments are struggling to depress the systemic risk in order to reduce the likelihood of the crisis by stopping the banks from taking the risky investment. One important dimension of the debate concerns the social costs of systemic risk. Determining the scale of these social costs provides a measure of the task ahead. It helps calibrate the intervention necessary to tackle syste mic risk, whether through regulation or restrictions. (Haldane, 2010:2) Thats means the social cost of systemic risk is very important and the scale of it needs to be measured out because it can helps in the intervention process as a criterion to tackle systemic risk, whether through regulation or restrictions. Normally, it is evaluating by either the fiscal or the foregone output costs of crisis and the past crisis cost is usually larger and permanent. Research by Haldane (2010) concluded that, the losses of the US is less than 1%of the US GDP and for UK, the direct cost may be less than  £20 billion, or a bit more than 1% of GDP. The 1% of GDP is seem to be a tiny part of the GDP, but for the taxpayers, who are paying tax to bail out the banking system, is seem to be an astronomical number because 1% of the UK GDP is almost  £20 billion. They may never get this amount in their life. For US, the losses are currently estimated to be around $100 billion, and that means the taxpay ers had to pay for $100 billion out. The US population is about 300 million, and then each of them has to pay about 333 US Dollar. Actually, the losses of GDP could be lost it forever because of the time value of money. After a few years, the losses of UK GDP divide by discount rate, it might be few hundred billion pound losses. For example, assumes that the GDP after 10 years can be 120% of the current GDP, if the GDP didnt loss, the actual GDP after 10 years will be 130%. So, they are actually lost 10% of GDP. The collapsed of bank led to the collapsed of the GDP because the banks role is to lend money to keep all the things moving on, if the bank collapse, means the lending resources collapse too and consequently the GDP collapse. Subsidy that government paid to banks is the financial assistance to the banks and that is the way how government to secure the banking system stability. How the losses of the banks could reach the amount of $100 billion? That is because the implied government subsidy to the banks didnt counted into the cost of the bail out. For instance, if the government guarantee or protect everybody that lending money to the banks, then the investors will feel safe and that is not risky than they thought. Therefore, they think maybe they shouldnt charge 5% interest to the bank, and go to 4.5% because if the banks fail, the government will pay to them. The indirect subsidy import by government has reduced the cost of borrowing and consequently the banks make more profit because they are borrowing at a lower rate and lending at a higher rate and those profit actually is based on the subsidies. Hence, the actual subsidy should including the indirect subsiding in the evaluation of the fiscal cost. In essence, subsidies have many unintended consequences which can be damaging to the markets environment and social equality. Sometimes, too much of the subsidies are paid, they might create the imbalance in the free market and lead to the market unab le to correct by itself. Consequently, the banks are being too relied on the subsidies from government and they are taking more risk for the higher return, because they know that government will cope with the problem when they are trapping in the hot water. Banks shouldnt be over winked and shielded, and the government should set a limit to the subsidies according to the banks size. The credit rating agencies are the proxies to evaluate the rating of the banks that use to refer by the government to decide the amount of subsidies need to inject. In additions, they also provide the support and independent of credit rating to the bank. Nonetheless, the public had doubt about the ability of credit rating agencies after the subprime crisis in US. Investors trusted credit rating agencies to issue accurate and impartial credit ratings, but that trust was broken in the recent financial crisis, according to Levin (2007 cited in Dayen, 2010:online) That is because the mortgage backed loan that the credit rating agencies rated it as a triple A security was default. The credit rating agencies rated the mortgage backed loan based on the past data and neglected the higher underlying risk of it. The government should intervene in the credit rating to ensure the independent, accuracy of the rating and no frauds exist in the rating process. Research by Haldane (2010) concluded that, the bigger size of bank, the more subsidies are needed and over the past century, the subsidies that supported to bank just like an up-only escalator. The bigger banks have to dealing with the more complicated market that related to the moral hazard, economic specialization, and monetary theory. The complicated banking system consist a lot of underlying risk that the banks cant cope with and they dont even know those existing risk. Hence, the bigger bank, the bigger risks they take. The UK government choose to tax them in order to repair the damage that the banks created during crisis. I dont think merely raising the fees or capital on large institutions or taxing them is enough theyll absorb that, theyll work with that, and its totally inefficient and theyll still be using the savings., according to Greenspan(2009 cited in Wikipedia, 2010:online) Thats mean, levy tax on the banks is not an effective way to the problem because even though their profit is lesser, but they still can taking a higher risk to earn it back by investing more, or they can still using the savings from depositor. It is seems to be insensible, because the banks allowed to invest in the risky investment and if any failure appear, the government will support them through subsidies. In essence, government should cut down the size of the bank, which is considered too big to fail. The issue of Should government tax or prohibit the banks? is being debate hotly in the world. Taxation solution is to ensure the banks making a fair contribution for social cost that they made, which pose the potential ri sks to the financial system and the economy. Moreover, it can create higher buffer of capital and the liquid asset to ensure the banks able to recover the losses by themselves. If government tax at the price to the bank, then they wont make risky decisions. Nonetheless, as a tradeoff for the holding higher capital and liquidity asset, the banks will reduce their profit and maybe put up the cost of the people, who is trying to borrow money from banks. Whereas, the prohibit solution is the restriction on the banks activities as well as the size of them and the structural reform of banking may take place. Furthermore, the activities of the banks will be separated in order to stop them from doing the activities that may cause the systemic risk. The complex system consist a lot of error and underlying risk. The system is interconnected, it is not about the individual unit, because the individuals mistake wont affect the bank much, but if one of the systems failed, it will affect the over all banking system. The separation of activities is to prevent all the things ruin once. Assumes that the banking system is a forest and the tree in the forest was plant separately, if the fire burn up the forest, it will not burn off the whole forest because of the fire breaks. The fail of the system can be affect by the outside attack or inside attack. For example of the inside attack is the remuneration system in the bank that create a lot of the individual errors. The prohibition can aid the system resilience because the separation of department can simplify the system, and they can fit together, the most important thing is, if one of them destroy, it cant affect the others. Maybe the government can separate all the section in a bank and eat section is manage by different company. Some of them can manage securities transaction, some of them of them can receive the deposits and lend it out and simplify some of the activities to create a robustness financial system. One of the pro hibitions benefits is diversify the risks and having diversity. The bank always does diversification and all of the banks diversify the risk exactly the same way because everything in the financial system actually is same. Hence, they do a lot of diversification but they are not diversity. Glass-Steagall Act is a restriction approach that established in year 1933 after the US stock market crisis and repealed in year 1999 because it created the barriers between the commercial bank and the investment bank, and the banks had a lower competitive situation than the foreign banks. The Glass-Steagall Act was over setting the restriction, and caused many people complaint about it. According to the Weitzmans theory, the economy just like environment and he described that the climate change as a disaster of the economy. The climate change in the economy is unpredictable. The factors that create the climate change are also indiscernible. The impact of it would be enormous and wider, the pub lic usually get shocked from it. The pollution that created by the banking system generated the systemic risk and consequently formed the bubble, and the bubble is uncertain because people dont know when it going to explode. Social cost will be increase aftermath of the climate change. Some of the people dont even care about the social cost, they just concern about their benefit, and that is one of the reasons created climate change. Bankers only see the risk in their bank, whereas the government see the whole banking system risk systemic risk, which is the main factor that led to the great depression. The government should check the level of the pollution and the possibility of the climate change in order to lower down the pollution before it is too late. If we dont know how serious of the pollution and unsure about that, then a small change may make the economy flip over. The banking developments are being grown faster in order to fulfil the demands of the people. One of the d evelopments should be the more capital and liquidity asset are required to hold than they otherwise would to reduce the leverage ratio of banks and avoid them to over taking the risk. The lesser fund that the bank can be used, the lesser ability that they can invest, and consequently lower the risks. Even though the banks profit will reduce the profit of the bank, but the government not only see the banks benefit, in fact, government see the bigger risk, which is system risk. Besides that, the banks have got bigger and many activities are combined and hence, the economies of scale can be achieved. The investment banks combined most of the activities and make a profit from it. That is because the investment bank dealing with the pension fund and the insurance companies even though they do not receive deposits but they still can get a lot of large amount of fund from those institutions. They are the part of shadow banking system and they are not regulated. The investment banks use tho se funds selling and buying the securities to make profit and create a market to selling or buying the securities too. So, they have to borrow some money too to organize the market place and they do act like a bank because they are borrow in short-term and lend out in long-term. Hence, they are also created the systemic risk and since they are not regulated and did not have capital requirements, therefore, they are under increasing scrutiny and regulations after the subprime meltdown in 2008. Securitization is one of the banking developments. It is process of an issuer use a financial instrument to repackage the financial asset and sell it to the investors. Banks lend out a loan, might sell as a bond to an investment bank get the cash back and lend the money to other different type company to diversify the risks. In addition, the bond is rated before it issue out. Nowadays, the financial system is complex and difficult to regulate it and a lot of the events show that it is still fragile. Everyone has been learned from the past crisis, and they are still struggling to reduce the likelihood of the crisis. Moreover, most of them havent recovered back from the crisis impact. The revolution should be taken and tried to jump out from the hot water because remain unchanged is just like it block the escape way by yourself. The reformation can help the banks able to survive when the climate change or to prevent the climate change. Nevertheless, the perfect way to sort it out is still need a longer time to figure it out. Furthermore, the $100billion question is still puzzled us.

Thursday, May 21, 2020

Hrm Lincoln Electric Case - 1044 Words

Lincoln Electric Case Study Analysis Overview of the Case of Lincoln Electric Lincoln electric established consistent HRM policies to build trust. This has been true since inception. This long history promotes confidence in employees and surety of future reward. Workers average $17,600 per year on standard 32 hour work weeks. They are able to earn about this same amount again in bonuses. This system creates high productivity. Lincoln Electric operates on a system of equality, cooperation, and need. Each employee is given the same number of hours as others. When business slows, all workers reduce hours equally. When overtime is needed, this workload is also distributed without favor to the workers. Today, Lincoln Electric is the†¦show more content†¦At these meetings, employees are able to bring up any production issue or worker grievance. This improves the company culture. Furthermore, this employee participation makes the company locally responsive by mining worker’s direct production knowledge as well as input from the open market. Part of th e investment of the workers is their own input. When workers have a say in goal setting and policy, they work much harder, and for much greater duration, than employees who simply receive goals and targets from upper management. Additionally, one of the rewards of effort is image. Lincoln Electric’s proud heritage extends fully to the workers. CEO, chairman, and president of the company, John M. Stropki, gave credit to the employees in his August, 2010 television interview with Liz Claman on Fox Business. This creates a corporate culture of worth in employees, and a sense of pride. This pride has real value and is part of the â€Å"benefit† package at Lincoln Electric. Potential Problems with Introducing Lincoln Electrics HRM Practices into China Operations Introducing the same system in China should only be employed following careful analysis and planning for initial, short-term modifications. A key element of the reward bonus system is trust. In China, trust between the common worker and people in power falls far short of the trust a citizen of the United States has for those who sign paychecks. In the U.S.,Show MoreRelatedEssay Case Study of Lincoln Electric Company875 Words   |  4 Pagesï » ¿ Integrative Case: The Lincoln Electric Company Tony Slattery Everest University Abstract â€Å"We are a global manufacturer and the market leader of the highest quality welding, cutting and joining products. Our enduring passion for the development and application of our technologies allows us to create complete solutions that make our customers more productive and successful. We will distinguish ourselves through an unwavering commitment to our employees and a relentlessRead MoreThe Company s Overall Strategy1813 Words   |  8 PagesIntroduction First established by John C Lincoln in 1895 in the United States of America, Lincoln Electric were solely committed to produce motors designed by its founder. Due to a combination of many efforts vision of the market and ambition of expanding its business activities, Lincoln Electric went on to became the biggest leading electrics manufacturers in the world. The present case study analyses the company’s overall strategy; philosophy; compensation methods; leadership style and communicationRead More Downsizing Essay2424 Words   |  10 Pagesworkforce – its most precious resource for growth and innovation. â€Å"Whoever retains organizational memory has a priceless asset. The people who know what make an organization perform maximally are assets not costs to be reduced† (Piturro 37). In many cases, employers lose money when they eliminate employees. Evan Schnade, representative of Patagonia, says employees are an investment. It takes a long time before an employee is fully trained. At Patagonia, Schnade notes that it usually takes up to a yearRead MoreHrm in Japan, Usa and Europe9900 Words   |  40 Pagesorganizations in a turbulent and a volatile business environment. More recently, the issue of whether to situate the HRM debate in the organizational or the international context has arisen. This is because organizational responses such as delayering, empowerment, work intensification, flexibility and redundancy appear to have gained as much weight as the macro-environmental drivers of HRM such as competition, technology, economic recession and political change. According to P innington and Edwards (2000)Read MoreRole of Cultural Factors in Shaping Human Resource Management6912 Words   |  28 Pages Human Resources Management (HRM) policies and practices that utilize the particular employees‟ potential to the fullest (Boxall Purcell, 2000; Grant, 1996). Thorough recruitment and selection processes, effective compensation systems, extensive training and development activities, adequate job satisfaction and employment security all impact positively on the overall business and performance of a corporation. It has also been found that if HRM is linked to the overall businessRead MoreFundamentals of Hrm263904 Words   |  1056 PagesResource Management—10th ed. ISBN-13 978-0470-16968-1 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 Brief Contents PA RT 1 Chapter 1 Chapter 2 UNDERSTANDING HRM The Dynamic Environment of HRM 2 Fundamentals of Strategic HRM 28 PART 2 Chapter 3 Chapter 4 THE LEGAL AND ETHICAL CONTEXT OF HRM Equal Employment Opportunity 56 Employee Rights and Discipline 84 PART 3 Chapter 5 Chapter 6 Chapter 7 STAFFING THE ORGANIZATION Human Resource Planning and Job Analysis 110Read MoreDevelopment of Bmw5406 Words   |  22 Pages2013). This will have a positive effect on the demand of BMW luxury cars because as you can see in the chart below, the average age of BMW owners is 49 years. In addition, the average age of a BMW 7-series owner is 51.7 year. Figure 6: With Lincoln, Ford Isnt in the Lap of Luxury. (Businessweek 2010) You may have also noticed that at least one major competitor of BMW also have the same averages drivers’ age. This will promote an even more intense competition between these two concerns becauseRead More Analysis Of The Success Of Cultural Change Within British Airways5971 Words   |  24 Pagesvalue on teamwork. Sethia and Glinow framework of defining culture describes this as an integrative culture reflecting a high concern for performance where people are treated in terms of respect for their contributions. (IBM, Hewlett-Packard, 3M, Lincoln Electric and Tandem are notable examples of integrative culture.) Awards were given with BA for excellence and an employee brainwave programme encouraged staff to put forward their ideas. This aided the cultural change in that it promoted an open environmentRead MoreAnalysis of the Success of Cultural Change Within British Airways6137 Words   |  25 Pagesvalue on teamwork. Sethia and Glinow framework of defining culture describes t his as an integrative culture reflecting a high concern for performance where people are treated in terms of respect for their contributions. (IBM, Hewlett-Packard, 3M, Lincoln Electric and Tandem are notable examples of integrative culture.) Awards were given with BA for excellence and an employee brainwave programme encouraged staff to put forward their ideas. This aided the cultural change in that it promoted an open environmentRead MoreA Case Study in Organisational Change Implication for Theory8390 Words   |  34 PagesA case study in organisational change: implications for theory Lindsay Nelson Introduction Organisation theory has developed through major epochs of classical, human relations and contingency approaches, all of which have contributed to the accumulation of knowledge about implementing change. The legacy of these approaches has been to regard organisational change as something of an aberration or a departure from the more usual static position of organisations. Hence, for example, Lewin’ s (1951)

Monday, May 18, 2020

Analyzing The Electromechanical Valve And The Benefits...

CAMLESS ENGINES AND THE BENEFITS THEY PRODUCE The authors of the reviewed article are: Marcello Montanari, Fabio Ronchi, Carlo Rossi, and Alberto Tonielli, all of whom are members of IEEE (Institute of Electrical and Electronics Engineers). Marcello Montanari received the Laurea degree in computer science, engineering, and a Ph.D. in automatic control from the University of Bologna, Bologna, Italy, in 1999 and 2003. Since 2000, he has been with the Department of Electronics, Computer Science and Systems (DEIS), University of Bologna. His current research interests include applied nonlinear and adaptive control techniques, electric drives, and automotive systems. His co-authors are also graduates of the University of Bologna and are members†¦show more content†¦SUMMARY In Montanari’s article first, he addresses and formulates the problem. Second, he creates a mathematical model of the system, and analyzes the requirements for the controlled system. Third, he completes the position reconstruction and the analysis of the sensors. Lastly the reference of trajectories for the pistons, to ensure the stability of the system, is completed. After all this Montanari proposes a control system architecture for the position control of an electromechanical valve actuator. There are two key parts of the controller, specifically, the position reconstruction, and the reference trajectory design. Both of these have been addressed, and the resulting limitations on the system’s dynamic performance explained. Knowledge of these limitations is essential when integrating a valve actuation system within the internal combustion engine management system. Hence, the results presented in this paper are an important step toward the realization of a Camless engin e with electromechanical actuators for commercial vehicles. Camless engines offer a lot of improvements over traditional engines in efficiency, maximum torque and power, and emissions. Electromechanical valve (EMV) actuators are a great way to solve this problem, but electromechanical valves have major

Wednesday, May 6, 2020

Analysis Of The Argument Back Off, Dress Codes - 1423 Words

Analysis of an Argument: Back Off, Dress Codes. This is Not Your Call. When analyzing an argument, a reader must be able to think critically about what the author is taking about, and whether the facts and ideas are reliable and well written out. To write an argument the author must be able to persuade the audience into agreeing with what they have to say on a topic. In articles such as Karen Mangiacotti’s article, â€Å"Back Off, Dress Codes. This is Not Your Call,† it is important for the reader to be able to put both their own knowledge and the knowledge presented to them to decide how accurate the writing is. When making a decision about the validity of the authors writing, one must make sure that there are no fallacies, or over uses of appeals. In Karen Mangiacotti’s article â€Å"Back off, Dress Codes. This Is Not Your Call,† Mangiacotti uses significant facts and statements to argue that school dress codes are sexist that ultimately humiliate young women; and by analyzing the author’s tone and pointed sexism toward women in the article, Mangiacotti’s article becomes less convincing to an audience that the dress code is bad, due to the way that she sets up the article. Mangiacotti’s article has five main points that she stresses, which also helps to support her thesis of, â€Å"And, make no mistake: dress codes are increasingly becoming an excuse for sexualizing women and disgracing young girls for the apparent pleasure of those in power.† Her main arguments are: to stopShow MoreRelatedUniforms--One Less Distraction Essay1451 Words   |  6 Pagesrestricting their creativity (Knechtle, Mitchell 487). Ann Bodine, in her ethnographic study, defines that clothing on students as a â€Å"screen on which are projected all kinds of beliefs, anxieties and aspirations† (60). The manner how a student chooses to dress is obviously much more than an expression of personal statement or style. It is a mode to communicate and convey to the world where one fits according to socioeconomic status, in-groups, as well as other factors that can marginalize students who don’tRead MoreSchool Dress Codes: Good or Restraining? Essays2330 Words   |  10 PagesSchool Dress Codes Final Paper As the society that we live in today grows and becomes more accepting of the different ways people act, groom, and dress, we look to expand the policies we have in place in our schools regarding the ways our students are allowed to present themselves in the classroom. Each different school has their own dress code that they expect their students to follow. Most private schools require that students wear a uniform to school they also have regulations on what type ofRead MorePros and Cons School Uniform1515 Words   |  7 Pagesconcept of school uniforms is familiar to many European schools and private schools within the United States. However, much more attention to the controversy over school uniforms arose when a significant movement began in the 1980s to introduce dress codes within public schools in the United States. . â€Å"In 1996, approximately three percent of all schools in the United States had a school uniform policy (Gentile amp; Imberman, 2009).† How Society Views Uniforms During the 1996 State of the Union AddressRead MoreFrance Bans the Muslim Burqa and Veil Essay1637 Words   |  7 Pagesexample when I entered high school, boys and girls were prohibited from wearing loose clothing which includes shirts, pants, sweaters, etc. It was said that the use of â€Å"loose-fitting clothes [can be used to] better hide weapons and drugs† (Why Dress Codes and Why Now?). Thus, just like a school system enforced that law to protect their students, a country uses it to protect their people. France does not only move towards public safety, they also move towards women’s rights which they feel have beenRead MoreDid the Events of 9/11 Influence the Perception of How People View the Hijab?5598 Words   |  23 Pages Did the events of 9/11 influence the perception of how people view the Hijab? In todays world, the media influences many issues across the world. One of the issues that occurs is the Hijab in both the Western and Islamic worlds. There is many arguments about the hijab, Islam points towards its postive and good points whereas the media can imply it as otherwise. This contradicts the opinions and views that Muslims in the past and today have towards the Hijab. But before we start to investigateRead MoreFashion Retail Management3781 Words   |  16 Pagesorg) Figure 1: Integrated functions of Retail Operations Manager Retail Operations provides an integrated platform for the complex scenario modeling, planning, budgeting, and forecasting needed in retail operations management. Analysis and reports on critical information, such as past operational effectiveness, development costs, and projected revenue lift, help retail operations management to make informed decisions rapidly in the face of changing market conditions. StreamlinedRead MoreGoal Setting and Overcoming Immunity to Change2738 Words   |  11 Pagesexamples of how to recognize the Order of Mind based on the subject-object relationship. It was not surprising to recognize that I was heavily embedded in the Socialized Mind or the Third Order of Mind. The unexpected detail about this process and analysis of my ITC and CDT was that my work environment was influencing me more negatively than I was willing to examine. Failing to be more efficient was a fraction of my time management quandary. Not understanding how I was making meaning o f my experiencesRead MoreEuropean Negotiations2374 Words   |  10 Pagesmembers Mr. Picard does when going on the business trip, the business discussion brought up at social events, the duration of these social events, the difference between way and duration of making decisions by both parties and also the casualty of dress code of Mr. Picard. The Intercultural verbal communication problems are exemplified by the absence of basic knowledge of French greetings and courtesy titles by the Americans, the wrong perception of the business issues discussion, the light conversationsRead MoreLittle Do They Know : The World Of Advertising3080 Words   |  13 Pagesmake it a reality. The target audience that the advertisers are looking to receive their message are people that can relate to the image they are portraying – young adults. That isn’t to say however that their intended advertising affects don’t rub off on other groups, or ages either. Teenagers can see this ad and look at Jose Cuervo as their ticket into their first love, sex, or answer to the stresses of growing up. It is well known that the legal age of drinking in the US is 21. In the eyes of theRead MoreLidl : Surveillance Case Study Essay5241 Words   |  21 Pageswill be presented and scrutinized in this essay. The media source of the article is The Guardian which presents the occurring matters in a very negative light. However, the merging topics I will be using to provide impartial insight and further analysis into the subjects at hand are that of: stress at work, ethics and organizational culture. As mentioned above, to further understand the article and the issues within it, it is useful to explore it through focus of stress at work. Cartwright

Bullying Is A Non Physical Form Of Workplace - 1129 Words

Workplace bullying is defined as repeated, unreasonable actions, that are intended to intimidate, degrade, humiliate or undermine and which create a risk to health or safety. Sadly, workplace bullying is very common, especially for women. According to a 2014 Workplace Bullying Institute survey, 37 million U.S. workers reported being subjected to â€Å"abusive conduct.† What’s more, 69% of the bullies are men (commonly in managerial positions) and 60% of the victims are women. I am sure many of us can remember bullies on the playground, but did not consider we would find bullies in the workplace. Bullying is a non-physical form of workplace violence. Behaviors of bullies can be subtle such as gossip, social isolation, or teasing. They†¦show more content†¦Bullying causes stress, anxiety and a lowered resistance to such things as colds, coughs, flue and fever. Other reported symptoms such as: high blood pressure, migraine headaches, pains in the back and chest, hormone disturbances, irritable bowel syndrome, stomach ulcers, and skin irritations. Other reactions may include emotional distress, anxiety, panic attacks, sleep disturbances, impaired concentration at work, low self-esteem, or reduced work performance. Workplace bullying also affects employees who witness it. They may feel unhappy or stressed about the work culture. They may feel guilty because they know the behavior is wrong but feel unable to handle it or fearful to get involved to try and stop it. Workplace bullying affects the overall health of an organization! Individuals who are bullied spend a great deal of their time trying to gain support and defend themselves from the bullying, time that would otherwise be spent working. Often there is increased absenteeism and turnover, increased accidents, lower quality customer service, higher costs for employee assistance programs and decreased motivation and morale. It is important to clarify that just because your supervisor may be tough or demanding does not necessarily make him/her a bully. However, workplace bullying is often more than simply an interpersonal conflict; it can be a systemic problem that is the result of a poor workplace culture. All members of a workplace, including

The Stranger vs the Awakening Free Essays

In the novel The Stranger the main character Numerals is a male indifferent to society and seems to care about absolutely nothing. Even when his mother dies he is indifferent about it, the only thing he can have any feelings for at all is the nagging heat of the sun at the funeral. He even begins an affair with his mistress Marie the day after the funeral, clearly thinking about sex, which is very important to him. We will write a custom essay sample on The Stranger vs the Awakening or any similar topic only for you Order Now When Marie asks Numerals to marry her he says he could care less either way, which is a blatant sign of careless and emotionless thoughts. It is not until Numerals is imprisoned and sentenced to death does he begin to realize how much he likes his life. HE tells the reader that he sizes the ocean and craves sex and cigarettes, which is the first time he ever has a want or show of emotion towards anything. The Chaplin offers Numerals freedom and life if he will believe God, but of course Numerals will not give in and go against his beliefs. Just before the machine of society cuts him from existence, Numerals laughs in their face showing strength and victory. In The Awakening the main character Is Edna who is dissatisfied with her marriage and motherhood. She finds herself as a person and acts on her desire for sex and emotional connection with her newfound love Robert. There Is a gradual disconnection between Edna and her husband as the novel moves forth, yet Edna begins to slowly become more Independent and free willing at the same time. Her desires and blatant rebellion against the rules of society overwhelmingly Isolates her, causing her to give up end her life by suicide. Considering that Campus Is a male writing about a male character and Chopin Is a female writing about a female character It Is quite an Interesting Idea to pursue that this would affect the way each character handled adversity. Campus’ character Numerals Is very strong and Indifferent to society throughout the novel and does not vive Into society. HIS lack of emotion also developed an Image of strength for the simple fact that nothing affected him, and he was Indifferent to all of society. This Is due to Campus growing up In a society that forces males to hide their emotions to give Off false sense of strength and power. Throughout Campus’ life he had never claimed to be tied down In marriage having numerous affairs, having never truly assumed faith, as well as living In seclusion before publishing the novel also affected the way the character chose his paths. Numerals seems to be an extremist version of Campus myself, an example Is Merchants ever longing desire for sex and Campus numerous affairs. This also explains to the reader Merchants strength and personal victory through perseverance, which would only be given to a male character through the eyes AT a male autumn. Nonplus Deluge a Tamale writing tout a Tamale contracted most likely has a direct connection with why Edna chose the decision she did at the end of the novel. In the time period Chopin grew up women were not looked at as strong powerful figures that could handle tough situations. Chopin was writing this book after her husband’s death in 1882, when he left her with $12,000 of debts. She tried to run their family plantati on and store but she Just could not handle it. Being raised with this thought and conception of women being weak as well as her hard times faced while writing this novel is exactly why she had Edna commit suicide in the end of the novel. For Edna there was no escaping the problem, as there was no escaping the problem of debt for Chopin. She was either exiled from society or stuck living a life of unhappiness; her solution was to escape by taking the easy way out and killing herself. This action clearly shows the author’s perception that females are not palpable of enduring times of adversity and hardship because she herself wanted to quit deep down on the inside. After reading both novels is it easy to see which character is stronger in their fight against society? Edna took the easy way out by escaping through suicide, which is society over powering her and essentially winning the battle. Numerals on the other hand was never defeated by society; no matter what they threw at him he stood his ground and kept his beliefs. The ultimate sign of his strength and victory is when he laughs in the face of society essentially saying, â€Å"l won, I’m right, you cannot and will not break me. † How to cite The Stranger vs the Awakening, Papers

Desensitization of Pakistani society free essay sample

Major reasons for Desensitizing in our Society: such incidents. Pakistan has been facing violence in terms of street crimes, murders, rapes, target killings, physical torture, bomb blasts, kidnappings and drone attacks. According to statistics, only in Karachi people are killed at the rate of 3. 6 since 2010 due to target killings. Other casualties due to different reasons are a lot more than this when measured. CPA murder statistics for 2010 indicate there were a total of 1339 terrorist killings, I. E. , murders associated with terrorist acts or groups.This number increased in 2011 to 1724 terrorist killings, which is an increase of 29 recent; 2011 was recorded as Karachi second deadliest year in the past 20 years. According to recent study it was found that since the beginning of this year till November 17th, there have been 323 incidents of violence, killing 3088 people (civilians only). Media Violence is another reason that has made us well acquainted with grotesque images and videos of brutal incidents. One form of violence that Media Violence includes is the violence showed in the form of entertainment that is in dramas, movies, animated series is one category only.It presents violence in serious ways as well as in humorous ways. When talking about dramas or series and movies most of the time violence shown is serious kind of violence, consisting of shooting someone, kidnapping, murder, rape or blasts. However, cartoons and apart from that certain movies or series show violence in humorous ways like in Home alone, three stooges which incorporates the wrong idea of violence being something thats usual and the norm. Cartoons specially make our children get used to basic violence and its tools like guns and explosive materials.The other form of violence is the real life violence that is covered by media and aired to general public. When discussing about Pakistani society, breaking news and live coverage of bomb blasts, mob violence, nerve racking accidents is something we all are used to, to a level that has turned us insensitive to such incidents. Few channels have aired grotesque images without censor or any attempt to hide the content that is inappropriate. However, they do repeatedly state to not to see the news if the viewer is a child or a person with weak stamina to view such things; which is not an effective measure. Lawlessness is a key reason in the increasing real life violence in Pakistan and its being aired on Media. In several incidents the basic cause of such violence is the lack of enforcement of law in order to reduce crime like mugging, target killing, bomb blast and execution of punishment orders when the criminals are arrested by police or rangers. Mob Violence is the best example when lawlessness is discussed. Since our Law enforcement agencies fail to implement law and maintain order in society, our people have started taking law in their hands.Up till now there are numerous cases of mob violence in Pakistan where suspects are beaten and handed over to police or at times beaten to death. The frequency of mob violence incidents have increased in past few years, mostly in Punjab. The incidents portray scaring ferocity. Be it long hours of load-shedding, a criminal caught red handed by the crowd, a traffic tragedy or someone suspected to have committed the act of blasphemy, furious mob increasingly take the law into their hands as if they are the sole accusers, Judges and executioners.This shows the failure of our law enforcement agencies that have been attempts have led people, to a great extent, to act as their own protectors, which has resulted in some very regretful incidents. Growing economic pressures in recent years as well as the states failure to provide security and a functioning Justice system to the people have aggravated these crises, spawned vigilante Justice and entrenched mob rule in our daily life, argues a political scientist wanting to remain anonymous, who works at a public sector university in Lahore.Both of them were beaten even after every drop of life was oozed out of them, soaking in blood. It is stated that the elder one begged to be shot dead for once and all for the crim e he hadnt committed rather being beaten such inhumanely. The dead bodies were hanged above a water tank and were dragged as well. This incident shows not only the intolerance and horrible ferocity of the crowd but also extreme insensitivity of those who watched and filmed the act. There were about 10 to 15 people who were involved in their murder but more than 40 people as well as police officials to witness the act.The question arises why the crowd showed no reaction of stopping the violent fatal beating? Why they all viewed the act as if they were hypnotized or as robots completely empty of the humanly feelings and emotions? This mob violence shows that our society is an insensitive one; It has indeed been desensitizing. The reason I account the incident for is lack of law which has simply eradicated the sense of humanity in us; which has led to us taking the law in hands since the police have failed to play their role. We have taken the responsibility to identify the criminals without any solid proof of their identity and punish them ourselves.Since, we have no proper system to do so, we end up committing acts that cannot be washed away, and they exist as brutal stains of the blood of innocent ones-the misidentified and killed. Such acts of mob violence an d people beating the culprits have repeatedly taken place. However, the beaten ones were the true criminals yet such incidents slowly and gradually transfer the power from law enforcement agencies to local public which is a strong alarm for our police and Judiciary as it can lead to results creating a norm less society. In a re-enactment of the Shallot lynching, two alleged robbers fall prey to mob Justice in Manual on March 26.One of them reportedly shot himself to avoid a painful death at the hands of the crowd. The other was pelted with stones until he died. The unfortunate aspect of these incidents is that police officials side with the mob, turning a blind eye to the brutal, instant punishments meted out to real or imagined criminals. Hence, again executing people be it a culprit or an innocent. Another aspect of this is that our media kept showing the videos and the pictures of all these people being murdered, which shows that our media is also an insensitive entity who regardless of what affect their material has, airs the content.