Wednesday, May 27, 2020

Challenges In Human Resource Management Of 21st Century Business Essay - Free Essay Example

With the advent of the IT revolution all over the world and globalization being the new mantra across the corporate sector, the Human Resource Management practices and policies have undergone severe changes. The challenges that are faced by the HRM today are totally new to what has been few years ago. This paper highlights the importance of HRM in meeting the new challenges. Our paper focuses on these challenges that are impacting the organizations all over the world. Challenges: Setting the uniform culture across the organization which has expanded all over the world HRM in defining the career progression and development for its employees HRM in handling the gender diversity and cultural differences Addressing the issue of employee turnover HRM and its role in implementation of the strategy with respect to the vision and mission of the organization Setting the Right Culture With most of the companies raring to expand in the international market, it has become a tough task to set the right culture within the organization. With the hiring of employees from the global workforce, there is always a threat of diffusion of cultures and thereby losing the homogeneity in the culture of the organization. The biggest challenge for an organization is preserving its culture or maintaining the right culture for the 21st century. Therefore Storey defines HRM with respect to this aspect as: a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques. (Deanne N.Den Hartog, 2004). According to the HRM specialists a combination of High Performance work practices and High Involvement work practices improve the performance of the organization. To determine the right mix of High Performance Work Practices and High Involvement Work Practices the focus model of the organizational structure can be used (Exhibit 1). Exhibit 1: FOCUS Model on Organizational Culture (Deanne N.Den Hartog, 2004) The above model divides the organizational culture into two dimensions. Dimension 1 is based on the organizational focus. It varies between extreme poles of Internal to External. In internal focus of organization the stress is laid on organization, its internal processes and peoples skill sets and attitudes etc. In external focus of the organization the emphasis is laid on the relation of the organization with the external environment. Dimension 2 focuses on the amount of flexibility and control within the organization. Based on the above dimensions four orientations of the organization can be determined. They are: Support Orientation: The concepts like co-operation, trust, cohesion amongst the group members and colleagues and growth of an individual are given the ut most importance. For such kind of orientation of organization high performance work practices which aim to the development of an individual are needed. Innovative: This kind of orientation is characterized by self-motivated, accepting and willingness to accept change, creativity, and risk taking kind of environment. From the management perspective it needs employees who are self-motivated, who are willing to lead, and highly flexible. Therefore the work practices should be structured which emphasize flexibility, empowerment and openness Goal Orientation: This kind of orientation emphasizes on rationality, objectives, productivity and functionality. Most of the emphasis is on the efficiency and also the accomplishment of the associates or the employees. Rules: This orientation emphasizes more on the procedure, division of work. Most of these organizations have taller hierarchies. Compliance is given the utmost importance. Most of the practices in this organization tend to em phasize more on the following of the procedure because there is always a constant monitoring of the employees. The decision making in the organization is mostly centralized. Therefore the performance of these organizations is not high and there is a high delay in decision making. Therefore based on the kind of organization that is necessary the above model can be used to inculcate the culture within the organization. Relation between Culture, HRM Practices and Labor Productivity: In any organization especially when there is a high competition amongst the organizations in the world the role of culture and implementation of HRM practices have a direct impact on the labor productivity. Exhibit 2 clearly explains the role of culture and HRM practices in improving the labor productivity during the high competition in the market. Exhibit 2: Relation between Group Culture and the HRM intensity in improving the labor productivity. With the increase in competition in the market, the need for reducing the costs is more felt by the organizations. This can be done by improving the labor productivity. HRM intensity is the degree to which an organization adopts the HRM practices in improving the productivity of the organization. HRM intensity refers to the configuration of best practices that companies adopt across seven HR domains like: Selection, training, career development, rewards, appraisal, compensation, and employee participation. These practices are designed to manage the competencies and behaviors of employees to manage the competencies and behaviors of employees to maximize the labor productivity. But adoption of the new HRM practices is not very easy in an organization always. It is because the adoption of the new practices requires structural changes which may affect employee turnover, affect motivation, increase stress etc. due to the changes and approach. This is felt much more within the smaller or ganizations because these changes along with the above mentioned obstacles also demand grater time from the entrepreneur and also establishes new formal controls which might be undesirable. Even the financial costs associated with the changes might outweigh the benefits obtained from the system. So as to ensure the smooth changes in HRM practices the culture plays a major role. Role of Group Culture and Productivity: The various types of culture depending on the type of organization have already been explained by the FOCUS model. The organizations which face intense competition require support or innovative type of model. Both these cultures lay high emphasis on building the culture based on trust, co-operation and also willingness to change. If the culture of support and innovation can be developed within the organization then it has high impact on the productivity of the employees. Relation between Culture and Adoption of HRM practices: The group culture which emphasizes on interpersonal relationships will have positive effects on employees commitment and job satisfaction; will in turn lead to greater labor productivity (CARDON, 2010). When employees feel they are part of a team with common shared goals they develop a sense of mutual trust. Therefore the group culture plays a major role in reducing the co-ordination costs within the employees thereby increase productivity. Career Development Career development is one of the most important elements of developing the professional career of an employee in an organization. The main objective of career development is the professionalization of individuals and their personal careers. In an organization, employees career management is a very basic process related to planning of the human resources, and it puts more force to development programs. The main objectives of the career development are: Addressing the basic needs of the organization and develop the positive image for it. Identifying personal needs of individuals, with emphasis on intellectual and professional needs, for organizational progress. Identifying the indifferences or lack of motivation regarding career management Helping employees take the right decision for long term future and career growth. Super theory related to career development and management is as follows: Super theory takes into account the individual differences related to in terests, abilities, and personality. In an organization, the professional preferences and/or qualifications change with time, and helping employees choose the right career is a continuous process. In an organization, professional development passes through three stages: Orientation stage: In this stage one of the most important things is individual professional guidance. Information plays an important role in this stage because people want to take the right steps to meet their career objectives. Development stage: This stage creates the employment opportunity through mentoring in new programs, job rotation and many kinds of training programs. Evaluation stage: This stage involves self-evaluation or evaluation by others. The main objective of this stage is identification of the strengths and weaknesses of the person. The most important component in career management is right development activity related to human planning. Human career planning is the one of the best ways of an evaluation of employee performance. (Palade) Some of the problems that arise in career development are mentioned below. In an organization, planning career development is done by the human resource department of the company. The right strategies, plans and programs to development of the human resource within the company are very important. In an organization, many employees analyze their own interests and qualities. Self-evaluation is one of the most important starting points of career development. Self-evaluation must be followed by periodic evaluation of the employees performance in order to confirm their promotion. In an organization, individual career is affected by an array of subjective and objective factors. Some of the factors depend on the individual and many others depend on the social and economic environment. In an organization the subjective factors that directly affect the career of an individual are his or her attitude and personality. Subjecti ve factors also influence the personal opinion, which in turn, influences self-evaluation. Diversity Management Diversity in an organization can be defined as differences among individuals in terms of age, sex, ethnicity, values, culture, qualification, professional experience, income level, designation, knowledge, etc. These parameters can themselves be categorized into demographic, organizational and socio-cognitive factors leading to diversity. While the demographic factors include age and sex, the socio-cognitive factors include knowledge, values, religion, ethnicity and culture and the organizational factors include educational qualification, work experience, income and designation. All these sources of differences help in the human capital building of an organization. This in-depth classification of differences helps in understanding, appreciating and capitalizing the benefits of diversity. These, in turn, lead to a significant improvement in boss-subordinate relationship and processes related to managerial decision making, recruitment, training, motivation, appraisal, exit and othe r management functions. The three main strategic human resource management approaches followed by an organization are Individual control approach Group development approach Group management approach The individual control approach emphasizes on hiring the best talent from outside the organization and controlling their performance by means of strict adherence to processes, procedures, rules, etc. The group development approach, on the other hand, gives a lot of flexibility in decision making to employees who are internally developed for leadership roles. Lastly, the group management approach is a middle-of-the-ground approach where the advantages of both individual control and group development approaches are tried to be captured. All these three approaches face the need to manage different types of diversity and hence different organizations follow different diversity management techniques. (MartÃÆ'„ ±Ãƒâ€šÃ‚ ´n-Alca ´zar, Romero-Ferna ´nde z, Sa ´nchez-Gardey) A case in point is the variation in diversity as companies expand. While domestic organizations are ethnocentric in terms of labour and customer base, multi-domestic and multinational firms are polycentric and try to localize their workforce and customer base according to the host country and global and transnational organizations are truly geocentric as they hire the best talent from across the globe to cater to a global customer base. Thus the diversity challenges facing an expand organization change with the organizations reach and so do the diversity management techniques. While the techniques may be different, the outcomes are universal. They include successful strategic alliances, capitalizing on synergies leading to competitive advantage and more number of resources for organizational learning. Singapore, which has realized the benefits from a diverse workforce, tries to enlarge its workforce through human capacity building programmes for wo men, youth, the disabled, the old and the unemployed as a policy. (Choy) One important aspect of diversity management is diversity training. This is an activity that some global conglomerates follow to ensure that its employees interact effectively with colleagues who are not similar to them in some way or the other. The skills and tactics taught to sensitize and control the behaviour of employees, with respect to diversity, will bear fruit only if they are supported by the culture, systems and policies of the organization. The outcome of such a corporate training activity should be aligned with the managerial goal of quality decision making. The diversity training offered by organizations is different from the diversity education offered by academic institutions. While diversity education focuses on the concepts and principles that justify egalitarianism, diversity training focuses on the skill sets required to tackle diversity issues. Corporates have progressively understood the importance of the top management being both educated and trained rather than just being trained to ensure long term and sustainable diversity management practices in the organization. (Johnson) Diversity management is also beyond the representation policies of the pre-1980s era which included well defined processes to recruit minorities, bringing them into the mainstream and getting along with them. Diversity management, on the other hand, focuses on achieving the right balance between integration and differentiation between different groups of individuals in order to meet the business objectives effectively. A case in point is the rise of women in the human resource management domain of European and American firms over the past one hundred years. In the early 1900s, HR was seen as a welfare function which meant taking care of people. Hence there was high representation of women with none of them being in high ranks as HR itself was a lackluster domain. This trend of h igh representation and low status continued even in the 1960s when HR became a predominantly administrative/legal compliance function. In the 1970s, when labour relations came to the forefront, men took the top HR jobs and the representation of women within HR plunged. This trend continued in the 1980s when introduction of scientific testing instruments changed the image of HR from a welfare function to a professional function, making HR more alluring to men. At this stage, women held a major chunk of HR roles but at lower ranks compared to their male counterparts. Also HR was a standalone function with no participation in strategy formulation of the organization. Change happened in the 1990s, especially in the European and American organizations, when the status of women in HR roles started surging with no compromise on representation. Around the same time, strategic integration of HR with the rest of the domains also started increasing. This escalation in womens status an d responsibilities which was earlier thought of to be impossible due to gap in their qualifications and work experience, sexual stereotyping of capability, horizontal segregation within functions and burden of families has now been made real by diversity management techniques, enabling social practices like paid maternity leave and childcare, rising gender egalitarianism in the society, external pressure from civil society and media for diversity in top management and the trend of increasingly more number of women getting educational qualifications as HR specialists. While the Equal Opportunities legislation of different countries has had limited impact due to inherent shortcomings, diversity management has risen not just as legal compliance but also as a competitive advantage to organizations across the globe. (Faugoo) Employee Turnover HRM is becoming complex field with time as earlier the employee was only concerned with his/her economic survival but now employees seek a more balanced work and family life. Career prospects and pay is increasingly becoming more important as we dont really see an employee sticking to one company for his life like the earlier days. Hence, it becomes imperative for a HR manager to consider several factors for management and understand the reasons for employee turnover. A manager needs to be aware of the reasons why an employee leaves a company and whether it could have been prevented. This study is increasingly becoming popular in research papers as the organizations are now realizing cost implications and the soft issues attached to employee turnover. A high turnover is expensive as the recruitment process has high cost involved with it. There are indirect costs as well involved with turnover like decrease in productivity and missed opportunities per se. One of the major issues companies face nowadays is the effect of personal turnover. It means that the employee voluntarily leaves the company. HRM plays a vital role in realizing the issue related for personal turnover and how it can be reduced. In the developed economies there attempts to reduce this factor by creating new practices to gain a strategic advantage in the market but the case in developing countries is a little different, the focus is not given to personal turnover which leads to inefficiencies and less productivity, hampering the organizational performance. The trend noticed in developing country is that they often realize the problems connected with personal turnover quite late (Sohail, Muneer, Tanveer, Tariq). Studies show that there are various HRM practices that influence an employees decision but not all practices have the same impact on job satisfaction or employee turnover. An interesting result of the research done by Viara (Slavianska, 2012) on employee turnover is that the diss atisfaction from various HR practices not necessarily leads to stimulation of personal turnover. On the contrary it is important to understand that personal dissatisfaction is the major reason for employees personal turnover. Employee turnover can also differ regionally. We see a peculiar trend in China; generally it is assumed that less pay leads to employee dissatisfaction, which in turn leads to turnover. In China, the employees who feel they get low salary with adverse working conditions dint have any turnover intentions (Wyld Maurin). The reason behind it was the good human resource practices of any organization, which made the employee more obliged and increased tolerance levels towards their organization. We will look at the below HRM practices and how they influence an employee turnover intention (Long, Perumal, Ajagbe): Compensation and benefits Training Performance management Career development Compensation and benefits: Compensation is an integra l part in understanding employee turnover. Compensation provided by the organization gives the employee a message on what management believes about the employee. An organization using strategic compensation with lead to more organizational effectiveness as the employees built a psychological contract with the employer and hence decreasing the employee turnover. Training: Training is a vital part for understanding the employee turnover. Training in an organization helps the employees to build their competencies and tells them that the company cares for them and is actively involved in helping the employees build their skills. Another advantage of training is that it helps employees meet organizational goals and objectives. It also ensures a satisfactory performance and provides employees with knowledge to help them perform higher tasks. Performance Management: It basically comprises of the performance reviews that take place in an organization. This play a vital role as t he performance appraisals rely on the performance reviews, which in turn affects the employees motivation and the intention to personal turnover. It is vital to share the review details with the employees so that it will result in high-level performance. Career development: Managers fail to understand that career development is a two way street. It is a managers responsibility to encourage employees, provide continuous assistance and provide feedback so that employees can take responsibility of their own careers in order to grow. Hence career development can be viewed as a dynamic process, which tries to meet the needs of organization, subordinates and managers. Retention: Employee retention is simply employee turnover from a different angle. We see a shift in balance of power from employer to employee. This shift is there because the organizations are now moving towards more efficient ways to manage and retaining an employee is highly cost effective. Studies show that i f an employee quits the job, its not mainly because of the pay he/she receives. The major reasons for personal turnover are environment, culture, recognition, policies of the organizations and the employee relation that is maintained by the organization. In order to retain the employees organizations needs to give more importance to employees career plans and recognize them as per merit. HRM and Strategy Business strategy is a series of systematic and related decisions that give a business a competitive advantage over other businesses (Schuler Jackson, Linking Competitive Strategies with Human Resource, 1987). In an article in Human Resource Planning, Schuler proposed that for successful implementation of different strategies, different set of HRM practices are needed (Schuler R. , 1987). HRM policies should thus vary across or within organizations depending on the type of strategy adopted. For e.g. during the growth stage of a product cycle, there is high need of technical skill and attracting talented employees is of the highest priority. Salaries for such high-skilled resource are already very attractive, and an organization needs to attract such talent by differentiating itself from competitors; and such differentiation can be created by non-traditional or innovative HRM practices. The same firm, when moves into the maturity stage, hiring of new talent does not form the cru x of strategy; the focus is more on retention of the internal talent. The immediate effect will be on the pay system, which should now be designed to retain employees, mostly depending on experience, job classification etc. Again during decline stage, to reduce work strength, strong performance appraisal system will be the key factor. These business characteristics of a strategy are indicators of employee characteristics essential for successful implementation of the strategy. Thus HRM practices should be aligned with business strategy and should vary with varying strategy. Feng-Hui Lee et al (Lee, Lee, Wu, 2010) proposed four hypotheses relating HRM practices, business strategy and firm performance. They are: HRM practices will be positively related to perceived firm performance. There is a close linkage between business strategies and HRM practices. Business strategies will be positively related to perceived firm performance. Integrating HRM practices with business strategies will be positively related to perceived firm performance (Lee, Lee, Wu, 2010) The study also identified six key HRM practices that are likely to be positively associated with organization performance, product cost, quality, and delivery, and production flexibility. The six practices are: Training and development Teamwork Compensation or incentive HR Planning Performance appraisal Employment security (Lee, Lee, Wu, 2010) Challenges: Firms have realized the importance of HRM and business alignment and have started to select manpower of varying characteristics but different HRM practices for different strategies. A significant implication of this is employees face ever-changing employee relationships; employees of a single firm are exposed to a varying set of HR practices during a single tenure of employment. Organizations having multiple businesses divisions face another major issue of trying to match HR with strategy. Different businesses i mply multiple HRM practices thus posing the challenge of making treating employees equitable across business divisions. Similar challenges exist within a division across organizational levels. According to Thompson (1967), effects of strategy for HRM practices will be stronger for higher level employees and weakens down the hierarchy, and especially weaker for non-management employees. Though it is inconclusive whether such small differences in HRM practices due to difference in organization levels impact effectiveness, it is important to note that high-performing technology firms or Japanese firms have fewer hierarchical differences (Schuler Jackson, Organizational Strategy and Organizational Level as Determinants of Human Resource Management Practices). HR Initiatives and Business Strategy an Indian Context: Most studies have been focused primarily on developed countries. The major HR initiatives of Indian firms to support innovation-oriented business strategy are: Lear ning and Development: This is the most prevalent initiative, supported with knowledge management initiatives. Most firms have a structured, mandatory training program for new recruits. Some firms offer company sponsored higher educational courses such as MBA. Employee Involvement: This is the second most adopted initiative. There are various forms of employee involvement that require employees to actively participate and contribute ideas for business improvement. Quality initiatives like kaizen, total quality management (TQM), problem solving teams, quality circles etc. are widely used as tools for employee engagement. Suggestion schemes, often incentivized, are a big initiative for many firms to promote employees to contribute their ideas. Performance management: The third most used HR initiative to support business strategy. Performance management includes performance appraisal, performance based promotion and pay, profit sharing, recognizing and rewarding of good performanc e, self-evaluation etc. Employee Welfare and Engagement: Employee welfare initiatives are taken to boost employee morale and commitment. Family is paramount in Indian scenario, and thus regular events and engagement activities are held to promote work-life balance and develop a bond between employees families and the company. (Cooke Saini, 2010) Areas for Improvement: HR department or personnel are perceived as not being sufficiently professional, being remote from business realities, lacking business understanding and slipping behind dynamic business needs. These act as a stumbling block for successful implementation of HRM practices. On the other hand, the entire blame cannot be put on HR department. Many HR initiatives are implemented without sufficient inputs from HR personnel, as line managers do not tend to give due importance to people management. Four areas have been identified for HR to improve on to provide better effective support to the firms business strate gy. Need for greater democracy and fairness in workplace management. This includes greater empowerment in making decisions, quicker and more transparent feedback, more communication, greater transparency in rewards etc. A better rewarding scheme. Performance based pay is preferred, with better incentives for good performance and suggestions. The third front is about job satisfaction through job enrichment. Job rotation or cross-functional responsibilities should be encouraged to understand the totality of the business unit and work better as a team. The fourth area, often given less attention than the above three, deals with better recruitment of creative or talented employees, provide better career development opportunities, and more effective deployment of talent.

Monday, May 18, 2020

Drug Debate Essay - 2857 Words

Drugs Debate quot;Junk yields a basic formula of quot;evilquot; virus: *The Algebra of Need*. The face of quot;evilquot; is always the face of total need. A dope fiend is a man in total need of dope. Beyond a certain frequency need knows absolutely no limit or control. In the words of total need: quot;*Wouldnt you*?quot; Yes you would. You would lie, cheat, inform on your friends, steal, do *anything* to satisfy total need. Because you would be in a state of total sickness, total possession, and not in a position to act in any other way. Dope fiends are sick people who cannot act other than they do. A rabid dog cannot choose but bite.quot; There is a large variety of recreational drugs available today and it is evident that†¦show more content†¦Drugs that are mind expanding or neither mind expanding or mind constricting must be legal. To make these drugs illegal would only unnecessarily infringe on peoples liberty. Forming laws against the use of mind constricting drugs is actually necessary for providing liberty to citizens. It is generally the case that in retrospect, a previous user of a mind constricting drug, when sober, or even in some cases, when high, regrets consuming the drug. The opening quote of this essay describes William Burroughs view on opiates and he was in fact using them at the time when the passage was written. It is evident in his words that he realizes the immoral outcomes of using opiates and the quot;sicknessquot; which it produces. Most users simply couldnt resist the temptation of using the drugs because of either the desire to consume the quot;fobidden fruitquot; or the temptation of possible euphoria or relief from emotional or physical pain: quot;weakness of willquot;. In this case, a public policy preventing this possibility forces people to act upon their true desires, even when considering subjective values. The problem lies in the fact that the realization of t his true desire might arise only after seeing the consequences or only in inchoate form. In an ideal world, effective police forces could eliminate any mind constricting drugs and this would unarguably be an ideal situation. Since an ideal world doesnt exist, reducing the amount of mindShow MoreRelatedThe Debate About Legalization Of Drugs1782 Words   |  8 PagesJuly 2015 Drug Legalization: Is it worth? The debate about legalization of drugs (marijuana) is a controversial and divisive issue that has been around for a long time. Even though there are those who fight for its legalization, there are also those who vehemently wage war against it. Former Secretary of Education and a director of National Drug Control William J. Bennett says, â€Å"There is a great deal to say about our national drug policy, [†¦] they are against it† (546). Wars on drugs have been goingRead MoreSummary of Deborah Tannens the Argument Culture Essay898 Words   |  4 Pagesforgotten how to listen and debate? Why are people so quick to argue? Everyone wants to prove their point these days. In â€Å"The Argument Culture,† Deborah Tannen discusses how today’s society no longer honors the noble American tradition of debate. She explains how we no longer want to take the time to listen to both sides and definitely not all sides of an issue. We have become a society that would rather f ight and argue, often to the point of violence. â€Å"The war on drugs, the war on cancer, theRead MorePeer Pressure2910 Words   |  12 Pages Good Debate Topics Bored of the same old debate topics repeated and reiterated at every competition? Here are a few good debate topics that you can choose from for the next time you organize a debate. 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Wade, a 1973 landmark decision held that the Fourteenth Amendment’s right of personal privacy covered the woman’sRead MoreGetting Away With Murder Essay2010 Words   |  9 PagesIt is true that countless destructive avenues exist that are harmful to the health of todays youth: from the use of illegal drugs and excessive drinking, to hasty decision-making and limitless relationships. Damage is done to their bodies and minds, but their emotional and spiritual health has also been affected and infected. Lets consider a parents discipline for a minute. Parents punish their children because they dislike seeing misfortune consume their nearest and dearest. They detest consideringRead MoreEssay on Abortion is More Beneficial to Society Than it is Harmful1117 Words   |  5 Pagesabortions come from women who have one or more children (â€Å"In Brief† 2). Most of these women realize that they cannot care for a child on their own (â€Å"In Brief† 2). 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Saturday, May 16, 2020

The Constitution As A Democratic Document - 1286 Words

The Constitution as a Democratic Document Since the ratification of the Constitution, more than 11,000 amendments have been proposed. The Constitution of the United States of America was Officially ratified in 1789. This makes the document over two-hundred years old. Since the time of its writing and eventual ratification, the document has been amended and interpreted in many ways. Whether it be prohibition to the abolition of slavery. The Constitution has been constantly updated over time. It has not laid stagnant with the time. The Constitution has remained the document off of which we have based our country for many years. A major question that has been posed is, why do we as a country still feel bound to this document written so many years ago? The reasons are fairly simple. The Constitution of the United States can and has been over many years amended, the laws and thoughts of a people can be expressed through the Constitution, and the constitution has functioned, with a few bumps in the road, fairly well over the last two-hundred years. The people of the United States should still stand behind this Constitution because it infact still serves us well today in many ways. A few being that it can be amended and â€Å"Fixed†, and another being that it does still protect our rights as citizens. The ability of The Constitution to be amended is what still allows it to be relevant today. The updates that are made reflect the attitude of the nation. An example of this being theShow MoreRelatedThe Constitution: a Democratic Document?954 Words   |  4 PagesUpon the opening words of the Constitution, We the PeopleÂ…do ordain and establish this Constitution for the United States of America, one must ask, who are these people? While the American Constitution provided its citizens with individual rights, many members were excluded. Elite framers manipulated the idea of a constitution in order to protect their economic interests and the interests of their fellow ‘white land and slave owning men by restricting the voices of women, slaves, indentured servantsRead MoreEssay about The Constitution as A Democratic Document938 Words   |  4 PagesUpon the opening words of the Constitution, We the PeopleÂ…do ordain and establish this Constitution for the United States of America, one must ask, who are these people? While the American Constitution provided its citizens with individual rights, many members were excluded. Elite framers manipulated the idea of a constitution in order to protect their economic interests and the interests of their fellow ‘white land and slave owning men by restricting the voices of women, slaves, indentured servantsRead More1998 Dbq1014 Words   |  5 Pageshaving different perspectives on government and the Constitution. The Democratic Republicans, led by Thomas Jefferson and James Madison, were always characterized by following the strict construction of the constitution. The Federalists, led by Alexander Hamilton, were characterized by fo llowing the broad construction of the constitution. The presidencies of Jefferson and Madison proved this characterization to be somewhat accurate. Although the Democratic Republicans and the Federalists did support theirRead More Jeffersonian Republicans Vs. Federalists Essay1176 Words   |  5 Pagescountry and began to grow and develop into an effective democratic nation, many changes occurred. As the democracy began to grow, two main political parties developed, the Jeffersonian Republicans and the Federalists. nbsp;nbsp;nbsp;nbsp;nbsp;Each party had different views on how the government should be run. The Jeffersonian Republicans believed in strong state governments, a weak central government, and a strict construction of the Constitution. The Federalists opted for a powerful central governmentRead MoreHoltons Interpretation Of The FramersDistrust Of Tyranny?1584 Words   |  7 Pagesin Unruly Americans and the Origins of the Constitution that the Framers’ creation of the Constitution represented a â€Å"slur on the capacity of ordinary citizens† to govern themselves by placing the power of the National Government into the hands of the opulent few (Holton, Unruly Americans, 278). Is Holton’s interpretation of the Framers’ intentions equitable, or has he treated the delegates unfairly in neglecting the democratic elements of the document and the Framers’ distrust of tyranny? SectionRead MoreRethinking the Finality of and Democracy in the American Constitution1716 Words   |  7 PagesIs the United States Constitution a sacred and absolute document? Dahl (2001) argued that the Constitution is not perfect or permanent in his book, How Democratic is the American Constitution. He stresses that his main aim is not to propose that the Constitution must be amended, but to facilitate readers in changing how they think about the Constitution. In order to help people rethink the Constitution, Dahl (2001) explained the limitatio ns of its Framers and the Constitution’s not widely known undemocraticRead MoreThe Nigerian Constitution in 1960 Essay1428 Words   |  6 PagesThe Nigerian Constitution in 1960 There appears to be a consensus among the rulers of Nigeria that the countrys Constitution needs review. The review is, in fact, going on and there is not much I can do about that. However, if given the balance of power in the country, a review is the only constitutional development possible at this stage, I would then pay attention to the general character and form of the Constitution rather than its specific contents, which à ± with regards to the power and welfareRead MoreThe Constitution Of The United States1632 Words   |  7 Pages Emily Alexander Pima Community College March 9, 2015 The Constitution of the United States After gaining independence from Britain, America was faced with the challenge of creating a new government for the people of the American colonies. The Founding Fathers first created the Articles of Confederation but after much criticism the Founding Fathers met again and created the Constitution of the United States. The Founding Fathers wanted to form a government that was unlike theRead MoreEssay The Rise of Political Parties533 Words   |  3 Pagesthe Federalist and Democratic-Republican parties, which were led by Alexander Hamilton and Thomas Jefferson, respectively. The rise of political parties was facilitated by general distrust amongst politicians. In document 1, Thomas Jefferson claims that Hamilton is in support of a monarchy. This statement reflects Jeffersons distrust for Hamilton, believing that he is trying to regress America back into a pre-revolution monarchy. Hamilton, on the other hand, states in document 2 that James MadisonRead MoreAnalysis Of The Constitution And The Constitution932 Words   |  4 PagesDahl and the Constitution James Madison and the rest of the Founders of the Constitution undeniably founded a government that has withstood the test of time. The question that Robert Dahl poses in How Democratic Is the American Constitution? is whether this form of government and specifically the Constitution is as democratic as it should be and focuses on the Constitution’s shortcomings. Dahl argues that the constitution is much less democratic than it ought to be. Madison, on the other hand, had

Wednesday, May 6, 2020

Advantages And Disadvantages Of A Team Vs Teamthink

Groupthink and/or Teamthink, which one is the best choice for your company? This paper will take a look at the process of evolving a group into a team and the importance of organizational culture in the process. We will take a look at appropriate leadership styles that would be most effective for managing a group or a team, also taking into consideration multicultural teams. Finally, we will point out some of the advantages and disadvantages of having groups or teams. Let’s begin by providing a brief description of a team, a team is when people come together and combine different skills and experiences to solve problems and perform work is a fundamental building-block of organizations (Manz and Neck,1995). Groups, however do not have a†¦show more content†¦A participative leader will allow a team to express their ideas and make suggestions, by doing so a participative leader can increase the vision shared by the team. With effective leadership, a team will thrive and succeed, after all, it’s about the success of the team which leads to the success of the organization, by implementing all the right tools and practices the probability of success only increases. With the ever-growing trend of out sourcing there is much more need for multicultural teamwork, this means effective leadership. The problems leaders face is how to get multicultural teams separated by many miles, time differences, and language barriers, to work efficiently. Leaders who choose not to consider these and many other differences have made a huge mistake which can be extremely costly to a company. Just as leadership is faced with differences, multicultural teams are faced with different expectations and must utilize many more multicultural skills. When working in other countries there are different ethical standards and laws, these are all considerations that effective leadership needs to be able to relay to the multicultural team when establishing the team goals and expectations, here again we can see where organizational culture comes into play, a company must rely on its organization integrity in order for the leader representing the organization to make the right choi ces when instructing and

New Century Financial Essay - 1435 Words

Case 3 – New Century Financial Corporation 1. Describe and evaluate New Century’s business model? New Century Financial Corporation, headed by founders Brad Morrice, Edward Gotschall, and Robert, was a firm which specialized in subprime mortgages. The company originated, sold, and serviced subprime home mortgage loans. New Century was structured as a real estate investment trust (REIT) and was composed of two operating divisions. The Wholesale Loan Division, known as New Century Mortgage Corporation, comprised 85% of the firm’s loan originations, while the Retail Mortgage Loan Division operated under Home123 Corporation. New Century Mortgage Corporation operated in 33 locations throughout 19 different states†¦show more content†¦As such, the company was exposed to risks related to internal controls in monitoring loan processing, underwriting, and closing which could cause a substantial loss in income due to increased kick-outs and repurchased loans. Further aggravating these risks were the company’s aggressive tactics in pursuing and closing subprime borrowers such as offering loans requiring only stated income and assets as opposed to full documentation loans. 3. What were New Century’s critical performance variables? How well was New Century performing with respect to these critical performance variables? New Century Financial had performance variables that critically affected its business and led to it’s eventual bankruptcy filing. These included liquidity, default rate, and forms of The overall rate of default is critical because of its compounding increase in liabilities with a decrease in assets. A default rate higher than the historic rate would adversely affect the valuation of many assets in the firm’s financial statements. It is also tied to the demand for mortgage backed securities, increased default reduces the demand for subprime securitization, thus reducing New Century Financial’s source of income at a time of increasing obligations. 4. What were the reporting errors identified by the bankruptcy examiner? The bankruptcy examiner noted several inconsistenciesShow MoreRelatedThe Solution of New Century Financial Corporation9605 Words   |  39 PagesCASE 1.11 New Century Financial Corporation It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford From 1962 to 1992, Ed HAI LÚA served as the quintessential sidekick and straight man Johnny Carson to Johnny Carson on the long-running and popular television program The To- night Show. After leaving that program, HAI LÚA stayed in the television spotlight for 12Read MoreThe Solution of New Century Financial Corporation9616 Words   |  39 PagesCASE 1.11 New Century Financial Corporation It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford From 1962 to 1992, Ed HAI LÚA served as the quintessential sidekick and straight man Johnny Carson to Johnny Carson on the long-running and popular television program The To- night Show. After leaving that program, HAI LÚA stayed in the television spotlightRead MoreEssay about New Century Financial Corporation768 Words   |  4 Pagesresult, they forced the repurchase policy of many mortgage agreements, and let the subprime lenders to take over their houses. Subprime lender like New Century became the bankrupt because of the high lost associate with the mortgage cancelation. To maintain earning, the management modify the estimate of its reserve. However, KPGM, the auditor of the New Century is question of their work. KPMG lost its independence due to its afraid of lost business. 1. The advantages include better understanding of theRead MoreKpmg Was Sued936 Words   |  4 PagesKPMG Sued by New Century Trustee Over Subprime Lender’s Demise By Sophia Pearson - April 2, 2009 00:36 EDT April 2 (Bloomberg) -- KPMG International, which oversees the fourth-largest U.S. accounting firm, was sued by the trustee for bankrupt subprime lender New Century Financial Corp. over claims it failed in its role as â€Å"gatekeeper.† Negligent audits and reviews by KPMG LLP, the U.S. member firm of KPMG International, led to New Century’s collapse, according to lawsuits filed yesterdayRead MoreFinancial Failure Of A Company1385 Words   |  6 Pagesfailure of a company as an inability to pay its obligations when they are due (Frederikslust, 1978). Cash flow problem Cash flow problems are a major cause of insolvency. Insolvency is when an individual or organization can no longer meet its financial obligations with its lender or lenders as debts become due. Insolvency can lead to insolvency proceedings, in which legal action will be taken against the insolvent entity, and assets may be liquidated to pay off outstanding debts. Cash flow planningRead MoreThe Academy Of Business And Entrepreneurship Charter School1408 Words   |  6 PagesI. SCHOOL DESIGN The Academy of Business and Entrepreneurship Charter School is a K-12 model school utilizing a unique combination of PA Common Core Standards aligned curriculum and specialized programming with a focus on developing 21st Century skills to prepare students for their post- secondary goals. It will open its doors in 2014, starting with 240 students in grades K-5 and add a grade a year to reach K-9 during the course of the initial charter. However, as the model is envisioned as a fullRead MoreIt has been said that pre-numerical counting systems pre-dated the written language. Business1500 Words   |  6 Pagesaround 3500 B.C, and developing throughout the 14th century in Europe, accounting has become one of the largest advancements in the Western world. This long standing form of collaborating financial data has evolutionalized the way we approach business in the 21st century. While todays accountants are involved in the analysis of financial data and the auditing of cash flow through a corporation, this hasnt always held true. The recording of financial transactions dates back to B.C with the use of clayRead MoreHow Investment Banking Is The Business Of Raising Capital, Increasing Profit, And Advising Essay1455 Words   |  6 PagesInvestment Banking is the business of raising capital, increasing profit, and advising on any financial transactions. Investment Banking is done on both the microscopic level with individuals looking to gain advisement as well as on the macroscopic level with large companies. The practice of Investment Banking in the United States developed around the 1800’s in New York. The first banks focused on the sale of government bonds and it wasn t until the 1860’s that bankers like J.P. Morgan began toRead MoreEssay on Marriage in the 19th century549 Words   |  3 PagesMarriage in the 19th Century Marriage is the joining of two people as husband and wives according to laws and customs. In our society today, women get married of their own free will and gain respect from their spouse. A dream of the 21st century is a story written by Winnifred Harper Cooly. It is about a young womens dream. She imagines that women in the 21st century will have a better place in the society. Ideal marriages in the 19th century were very hard to achieve and most of the timeRead MoreUk Banking System1082 Words   |  5 PagesUK Banking System - Banking and Finance A Summary Sophisticated commercial, financial and professional services developed in the City of London during the 19th century to support Britain s position as the world s largest trading nation. Today Britain has a wide variety of banking and financial institutions. Many of these offer specialised services to individuals, companies and other bodies, both in Britain and internationally. Bank of England The Bank of England was established in 1694 by

Disadvantages of being Muslim women Essay Example For Students

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Tuesday, May 5, 2020

Microscope Lab free essay sample

1. Briefly describe the steps required to aseptically transfer bacteria from an unknown to a tube of liquid broth. You might have to research this using the T button (Tell Me More About ) To aseptically transfer bacteria from an unknown to a tube of liquid broth you have to flame the loop or wire before you begin to sterilize it. You then remove the caps from the tubes and flame the mouths of the tubes to prevent air-borne contamination. When all this is done, you have to pick up the inoculum or unknown culture by running the sterile loop or wire down into the tube. Once you got the inoculum you drop it into the sterile medium to inoculate it. 2. What is the purpose of aseptic technique? The purpose of using the aseptic technique is to prevent contamination when handling your cultures. 3. Does your lab report contain any messages when your inoculation was not complete? What change in the traffic signals indicates an unsuccessful inoculation? The lab report does not mention anything about inoculation. We will write a custom essay sample on Microscope Lab or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There’s only a reference if auto-inoculation was used. If inoculation was unsuccessful, the light turns red 4. Does you lab report contain any messages when you dont follow aseptic procedures for transferring bacteria? What change in the traffic signal indicates contamination? The lab report does not contain any message when aseptic procedures were not followed. The traffic signals turn red when contamination occurs. 5. What indication is there that the loop has been sterilized? When it is flamed for a few seconds and is sterile, the loop turns red. 6. How much time is provided for users of VUMIE 2012 before the Contamination light turns red? You will have to just time this and be specific, i. e. how many seconds, minutes, etc. 58 seconds is provided for users before the contamination light turns red. 7. In regards to Phenol Red Sorbitol: What was the name of the test that used Phenol Red Sorbitol? Sorbitol Fermentation test How do you interpret the difference between positive and negative results for this test? The test is to see if the microbe can ferment the sorbitol. A pH indicator in the medium changes color to indicate acid production. Phenol red is red at neutral pH but turns yellow at 6. 8 or lower, indicating fermentation which is a positive result. If it stays red or turns magenta or hot pink, that indicates that the pH level has risen and it is negative. What results did you get? The medium turned a deep red indicating a negative result. 8. In regards to the Christiansens Urea Broth: What was the name of the test that used Christiansens urea broth? Urea Hydrolysis Test (Christiansen’s) How do you interpret the difference between positive and negative results for this test? The test is to see if the microbe can use the urea to grow. If the urea can be used by the microbe, the pH indicator in the medium changes color to magenta or hot pink to indicate alkali/base production which means that it is positive. If the Urea does not change color, it is negative. What results did you get? The medium turned a deep red indicating a positive result 9. After performing Question #18, describe at least two warnings/messages that appear most frequently by the software? (You will have to go ahead and identify your unknown before this will show, in red, on your lab report. This can be done by clicking on Unknown and then clicking on Identify. ) Loop was not flamed before inoculation – inoculum contaminated – medium contaminated [I did not get any error messages on the report, only in the virtual lab and I couldn’t identify an unknown because all microbes were eliminated. I have no clue how that happened. I am working on my experiments and redoing everything to see where I went wrong. ] 10. After completing the entire activity, comment on what changes in your actions you will make to improve your ability to successfully use aseptic technique the next time you work in the Virtual Lab. I will practice several times to transfer the inoculum to the medium with the aseptic procedure and be careful to remember sterilizing everything, working fast and not leaving anything uncovered or in a precarious position.